- INEOS FPS has committed to reduce emissions from its operations to Net Zero by 2045
- INEOS has already made progress, with emissions reductions of 37% since it acquired the site in 2005
- The deployment of innovative Artificial Intelligence (AI) technology will further reduce emissions from its operations, demonstrating the company’s commitment to meeting UK/ Scottish Government targets
INEOS FPS has announced plans to deploy innovative Artificial Intelligence (AI)-driven optimisation technology at its Kinneil Terminal in Grangemouth that will deliver further carbon emissions reductions from its operations.
The decision follows the announcement of INEOS’ commitment to reduce greenhouse gas emissions from its operations in Grangemouth by more than 60% by 2030 as it targets Net Zero by 2045. As part of its road map, the business is already making significant investments in emissions reduction projects at Grangemouth and deploying AI technology at Kinneil is another tool that will enable it to achieve the next phase of the transition to Net Zero.
Working with data analytics experts, OPEX Group, INEOS FPS will deploy the firm’s emissions.AI software, which optimises complex industrial facilities to deliver lower carbon emissions. A real benefit emissions.AI will bring to our systems is the way the tool calculates lowest achievable emissions; learning from the information received from hundreds of data points across our processes and always looking for what can be done better. We believe that once the new software is fully integrated there is the potential to identify up to a 10% reduction in existing emissions – with further opportunities thereafter.
Opex Group’s emissions.AI software is leading edge technology. It will continuously monitor energy use across the Kinneil Terminal to pinpoint opportunities to minimise fuel and power consumption and further optimise plant operations. As well as having access to real time emissions data in greater detail the software will allow INEOS FPS’ operational teams to know when and where to optimise processes and plant for lower emissions.
Andrew Gardner, Chief Executive at INEOS FPS commented; “The installation of the emissions.AI software takes energy management to a new level, that will lead to significant CO2 savings. We are committed to delivering our roadmap to net zero and see technology as a key enabler to achieving our decarbonisation goals. Across our organisation we are embedding a culture of carbon awareness, including as part of daily operations. AI will assist our teams in unlocking immediate operational emissions savings by making emissions data instantly available to them.”
Chris Ayres, Chief Customer Officer at OPEX said, “We are delighted to support INEOS in their drive to reduce carbon emissions. Turning existing operational data into actionable emissions intelligence will give INEOS FPS’ teams access to the information they need to drive faster and better informed operational decisions, and get after day-to-day emissions savings opportunities.
“Data holds the key to empowering operations teams to contribute to decarbonisation targets. To gain a much deeper understanding of the emissions profile of their assets and identify the actions they can take to make a difference, today.”
ENDS
Notes to editors
About INEOS FPS
The Forties Pipeline System is a 100% INEOS-owned integrated oil and gas liquid transportation and processing system and is the largest pipeline system in the UK North Sea. The FPS is a critical Central North Sea transport infrastructure system and in 2020 transported over 30% of the UK’s total oil production from the UKCS to the mainland. The Forties Pipeline System primarily comprises a 169km 36-inch offshore pipeline from Forties Platform Forties Charlie via the unmanned Forties Unity platform to the onshore terminal at Cruden Bay. From there a 36-inch onshore pipeline transports the liquids 209km south to the Kinneil facilities, where the crude oil is processed and stabilised to produce Forties Blend before output is sent either for export via the Dalmeny terminal and Hound Point loading jetty or on to the Grangemouth refinery.
About OPEX Group
- OPEX Group is a leading provider of AI solutions to the oil, gas and energy industries.
- OPEX Group has over 6 years of field experience in applying and operating AI solutions on complex assets.
- The company’s solutions help customers to make better use of their data so they can achieve cleaner, more efficient and lower cost operations.
- To find out more about OPEX Group visit opex-group.com
For further information contact:
INEOS:
David East, Communications Manager (INEOS O&P UK, FPS and Petroineos)
david.east@ineos.com; Tel: +44 1324 476948; +44 7768 301709
OPEX Group:
Jill Tough, VP Marketing & Communications (OPEX Group)
jill.tough@opex-group.com; Mob: +44 (0)7825 767 985; Office: +44 (0)1224 659 600