Delivering 10 Million Euros of Production Improvements per Year is the Goal

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MOL Group and ABB embark on a three-year collaborative project to transform Asset Integrity Management (AIM) across four key chemical and refinery sites in Europe.

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Delivering 10 Million Euros of Production Improvements per Year is the Goal
Delivering 10 Million Euros of Production Improvements per Year is the Goal

ABB has been awarded the contract to improve asset integrity across MOL’s downstream assets, through changing mindset, standardizing processes and software and ensuring integrity management is focused on the right equipment. The project spanning MOL DS Production plants in Hungary, Slovakia, and Croatia, will implement standardized asset integrity procedures in a move to drive production efficiency, improve safety and reduce risk.

Improved safety and reliability is the goal

Leveraging technology and process data, ABB together with Metegrity Visions, will integrate a common digital platform at the Danube, Slovnaft, MOL Petrochemicals plants and INA chemical unit. The new solution, with the adoption of improved integrity management processes being rolled out by ABB will provide advanced risk analysis of assets with a key aim of reducing unplanned outages and lowering maintenance costs. It is estimated that by controlling all its static equipment through the Asset Integrity Management (AIM) procedures, processes and systems, MOL will increase availability and reduce turnaround duration (TAR) leading to savings and production improvements of approximately 10 million euros a year across MOL’s downstream assets.

“Asset safety and reliability have the highest priority in MOL Downstream production. To ensure continuous value creation and focusing on the safety of our colleagues and communities around us, we are fully committed to executing and supporting group-level programs such as AIM. We have full trust in the professionalism and expertise of ABB’s technical delivery team, as well as on our own colleagues´ commitment to the successful delivery of the project,” said Zsolt Huff, SVP Downstream, Production, MOL Group.

Zied Ouertani, Global Technology Manager for Chemicals & Refining, ABB Energy Industries said: “The adoption of AIM will increase efficiency and transparency, identifying the critical assets and focusing inspection and remediation of risk with respect to safety and production. This will enable MOL to base asset integrity investment decisions on the equipment’s current condition, and to make the switch from reactive to proactive maintenance.” 

The new project builds on a longstanding collaboration between MOL Group and ABB. The ABB team has worked closely with the MOL team over the past two years to develop a business case and ensure it could deliver the right solution.

About MOL Group

MOL Group is an integrated, international oil and gas company, headquartered in Budapest, Hungary. It is active in over 40 countries with a dynamic international workforce of 25,000 people and a track record of more than 100 years in the industry. MOL’s exploration and production activities are supported by more than 75 years’ experience in the hydrocarbon field. At the moment, there are production activities in 9 countries and exploration assets in 14 countries.

Posted on October 27, 2020 - (223 views)
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