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Equipment Performance Analysis

The performance monitoring and maintenance of a chemical plant is a complex and challenging task. A key requirement for success is the systematic evaluation of equipment performance; i.e. how well each equipment asset is currently operating relative to its design intent. This evaluation forms the foundation for asset life assessment and prediction, and serves as the backbone for plant asset integrity management and operational excellence programs.

At Imagine simulation technologies, we provide comprehensive solutions to your plant asset life assessment, thus paving the way for safe and efficient operation of your chemical plant.

Our team has hands-on experience in process simulation and troubleshooting. They bring a unique blend of deep process knowledge, data analytics, and plant know-how to provide cost-effective solutions for your asset life monitoring.

Key Aspects:

  • Quantitative and qualitative diagnostics of all major equipment including pumps, compressors, turbines, heat exchangers, boilers.

  • Identification of key performance indicators (KPIs) and benchmarks for each equipment

  • Use of actual plant data, simulation models, and data analysis techniques to identify performance gaps

  • Validation of analysis and findings with field inspection reports (ex.: abnormal noise, high vibration, seal leakages)

  • Capacity constraint analysis to identify factors that limit production rates

  • Degradation analysis to detect early signs of equipment wear

  • Failure prediction and troubleshooting to minimize unplanned shutdowns

  • Residual life estimation to support run, repair or replace decisions