2016

Terminals and Storage

Optimize tank farm operations, safety and profitability

A refinery tank farm is a key element in a facility’s profitability. The economic benefits in tank farm design optimization could be $0.10/bbl to $0.25/bbl input.

A refinery tank farm is a key element in a facility’s profitability. The economic value added can be summarized as raw materials and fuel blending profits, schedule benefits, demurrage cost reduction, capital cost optimization by inventory reduction and, most importantly, client satisfaction, as tank farm operations usually have a direct relation and interface with clients. The economic benefits in tank farm design optimization could be $0.10/bbl to $0.25/bbl input. Even though tank farm processes can be relatively simple, ample opportunities exist to optimize design and operations. To achieve these economic incentives, tank farm design requires careful process design. The main aspects of t

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