Company InformationImubit Inc. was founded on January 2016. The company is based in Houston, TX, USA . The number of employees in Imubit Inc. is less than 100. Ai optimization for hydrocarbon processors
Here is how Imubit Inc. describes itself: "Imubit is unlocking new profits at hydrocarbon processing plants with new deep learning process control technology."
Funding & investorsImubit Inc. has received 1 rounds of venture funding. The total funding amount is around $2.3M.
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Imubit Inc. - Blog
- Economic Engineering Update | March 2021
- Economic Engineering Update | January 2021
- Economic Engineering Update | December 2020
- Complexities of Applying AI in Refining
- Economic Engineering Update | November 2020
- Your LP may be giving you a false sense of optimality
Vaxications, a Texas Deep Freeze, and Summer Driving Season – finally a booster shot for refining margins? Last time I wrote (January of this year) we were in the midst of the second wave of Covid-19 in many places around the world and things were not looking so great for refining margins once again. In […]The post Economic Engineering Update | March 2021 appeared first on Imubit.
With higher refined product prices, conversion margins improve Despite a new and more severe wave of Covid-19 and its restrictions, product prices and demand have been surprisingly resilient. We have seen diesel and gasoline cracks hold up nicely over the last few weeks leading to some healthier conversion unit margins, especially at the Fluid Catalytic […]The post Economic Engineering Update | January 2021 appeared first on Imubit.
Distillate production back in favor, but will it reverse again before the winter is over? As you may recall, I wrote about distillate pricing relative to gasoline (a large determinant of refining operating strategy) a couple months back. At that time, we had finally seen gasoline start to lift away from diesel as relentless inventory […]The post Economic Engineering Update | December 2020 appeared first on Imubit.
As industry increasingly recognizes the benefits of artificial intelligence (AI), companies are seeking how to best fit AI into their business strategy. AI, however, is relatively young and the extensive benefits it provides demand creative solutions to unique challenges. Successfully implementing AI requires a deliberate and dedicated approach that sometimes differs from implementing more standard […]The post Complexities of Applying AI in Refining appeared first on Imubit.
The post Economic Engineering Update | November 2020 appeared first on Imubit.
Most complex facilities such as refineries and chemical plants utilize some type of Linear Programming (LP) software to optimize and help plan for feedstocks, unit conditions, and even future investments. These models generally optimize a system of linear equations against a set of constraints given an objective function (usually profitability). Specialized LP engineers are needed […]The post Your LP may be giving you a false sense of optimality appeared first on Imubit.