Scotland: Next-Gen Solutions Ineos FPS Selects AI-Based Optimization Technology to Reduce Carbon Emissions
Ineos FPS will deploy Opex Group’s emissions.AI software at its Kinneil Terminal in Grangemouth, Scotland to further lower carbon emissions from its operations. The move is in line with the company’s goal of achieving net zero by 2045. The AI-based optimization technology has the potential to initially identify up to a 10 % reduction in existing emissions.
London/UK – Ineos FPS has announced plans to deploy innovative Artificial Intelligence (AI)-driven optimization technology at its Kinneil Terminal in Grangemouth, Scotland 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 optimizes complex industrial facilities to deliver lower carbon emissions. A real benefit emissions.AI will bring to its systems is the way the tool calculates lowest achievable emissions; learning from the information received from hundreds of data points across its processes and always looking for what can be done better. The firm believes 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 will continuously monitor energy use across the Kinneil Terminal to pinpoint opportunities to minimize fuel and power consumption and further optimize 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 optimize processes and plant for lower emissions.