KBC licenses software to Valero

Surrey-based oil industry consultant KBC Advanced Technologies has signed a £1.46m software contract with Valero Energy Corporation


Walton on Thames, Surrey-based oil industry consultant KBC Advanced Technologies has signed a £1.46m software contract with US refinery company Valero Energy Corporation.



KBC will supply an enterprise-wide licence for its KBC SIM Suite software at all sixteen of Valero’s North American refining sites and the corporate headquarters.



Valero has been a licensee of FCC-SIM, KBC’s kinetic catalytic cracking reactor model, for over ten years. This new agreement builds on the prior success of KBC’s software at Valero with the follow-on licensing of other KBC SIM models. These comprise HCR-SIM for hydrocracking, multiple HTR-SIM models for hydrotreating, REF-SIM for reforming, and DC-SIM for delayed coking. In addition, the agreement includes Petro-SIM and Petro-SIM Express process simulation software.



The agreement gives Valero access to the KBC process optimisation tools throughout its refineries. The long-term agreement also provides for annual software upgrades and technical support.



George Bright, Chief Executive of KBC, said: ‘We very much look forward to working with Valero to install and fully leverage its investment in simulation technology. At the same time, we will continue to develop this technology and look forward to further success in the future.’