Process Manufacturing
Digital Transformation has emerged as a powerful lever to unlock new efficiencies and value for Chemical Businesses. Almost all CXOs we have spoken to have Digital in their top three priorities and over half of them have realized value from their Digital investments. But most of these are from point solutions to solve known business problems and only a small minority have developed a well-defined Digital Strategy and Roadmap for Digital adoption.
Traditionally, the Chemicals segment has lagged adjacent industries such as Refineries in digital adoption, but now many of them are leveraging the learnings from Refinery digitization to accelerate their digital journeys. While 50% – 60% of the gross margins of chemical plants depends on the cost of raw materials, well thought through digital solutions have shown to drive 15% increase in throughput, up to 2% increase in yield and 4% in energy savings.
In today’s environment of macroeconomic uncertainty, demand and price volatility and the global disruption caused by COVID-19, cost efficiency and remote monitoring capabilities are not just nice to have, but critical pillars of Business Continuity.
Reach us
Given that chemical business had lagged their refining counterparts, they are leveraging learnings from these segments to accelerate their digital journey. Our experience indicates that this success is not just dependent on the successful implementation of technology, but rather on reimagining all aspects of plant operations through the digital lens.
Digital Technologies have the potential to unlock significant value across the Chemicals Value Chain
Process Improvement Suggestion (PIS)
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