US refiner Phillips 66 is using AI to predict outages and boost processing, executive says
PSX•Phillips 66 is using artificial intelligence to predict refining-system outages, reduce maintenance costs and increase crude processing, executive Tandra Perkins said. She gave no figure for cost savings.
1. AI in refining operations
Phillips 66 is using artificial intelligence to predict outages within its refining systems, save on maintenance costs and increase crude processing, Executive Vice President Tandra Perkins said. She said improved system availability allows the refiner to process more crude and capture more margins, but provided no figure for savings.
2. Focus on cost savings
The Houston-headquartered company has about 10 refineries and has focused on operational cost savings, particularly in refining.
