Strategic and Investment Planning in the Oil-Refining Industry

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Strategic and Investment Planning in the Oil-Refining Industry

  1. 1. Quantitative Methods for Strategic and Investment Planning in the Oil-Refining Industry Brenno C. Menezes1, Ignacio E. Grossmann2, Jeffrey D. Kelly3, Lincoln F. Moro1 1Refining Optimization, PETROBRAS, Rio de Janeiro, Brazil. 2Department of Chemical Engineering, Carnegie Mellon University, Pittsburgh, United States. 3IndustrIALgorithms, Toronto, Canada. Mixed-Integer Problem: Kerosene C3 +C3= Capital Cost Constraint:Refining Modeling: Logic Constraints for Expansions and Installations: Logic Constraints for Unit Type Investments (structural precedence):Blending Equations: MINLP Case: 30 bi U$ to invest. Net Present Value (NPV) for 12 years without demandCrude Choice and Processing Equations: Conclusion: Trendy into invest in gasoline with CDU and RFCC structure

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