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AG&P discusses modularisation

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LNG Industry,


Speaking at the Petrochemical & Refining Congress 2017, Atlantic, Gulf and Pacific Co. (AG&P) shared a blueprint of how modularisation will revolutionalise the development of downstream infrastructure assets in the next five years.

The company claims that the transitioning global downstream industry has been affected by the decrease in prices of crude oil, structural shifts in demand and supply trends and technological innovations. Traditionally, infrastructure construction has been limited to building single project assets, and defined by engineering, procurement and construction (EPC) contractors commissioning from the lowest-cost bidder. However, AG&P claims that the future of infrastructure for refining and petrochemicals industries is in providing end-to-end fully integrated, scalable infrastructure, which will be decrease costs and increase asset value. The company argues that it will become standard practice for the biggest, most complicated and labour-intensive sections of facilities to be constructed in modules in controlled offsite environments, from major petroleum refinery subcomponents to the entire refinery itself, requiring hundreds of dense modules.

Frederic Vrinat, Business Development Manager, Europe, AG&P, said: “We see immense potential in the refining and petrochemical industries, which can grow manifold with next-generation modularisation delivering better and faster returns for customers. Standardised equipment and technologies will be integrated into product designs dramatically cutting the cost of customised engineering while reducing schedule and lowering costs.”

“Globally, there is an increasing trend towards using modular construction to improve the commercial viability of projects. Operators will build large segments of projects in a favourable place, minimising set-up costs and maximising quality while availing the benefit of simultaneous execution across different segments of the project. We expect project owners to combine the advantages of modularisation with standardisation to offer scalable assets and achieve significant reduction in costs and schedule across the entire project lifecycle.”

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/23052017/agp-discusses-modularisation/


 

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