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<rss version="2.0"><channel><title><![CDATA[www.kbcat.com RSS Feed]]></title><link>http://www.kbcat.com/</link><language>en-gb</language><item><title><![CDATA[Rising to the CO2 Challenge: Part I]]></title><link>http://www.kbcat.com/default/documents/technical papers/tp 2009/2009_Nov_HydroEngineer_CO2_PartI_JMertens.pdf</link><description><![CDATA[]]></description><author><![CDATA[Joris Mertens]]></author><category><![CDATA[Technical Papers]]></category><ArticleActive>4/6/2010</ArticleActive><ArticleExpires>4/8/2011</ArticleExpires></item><item><title><![CDATA[Rising to the CO2 Challenge: Part II]]></title><link>http://www.kbcat.com/default/documents/technical papers/tp 2010/2010_Jan_HydroEngineer_CO2_PartII_JMertens.pdf</link><description><![CDATA[]]></description><author><![CDATA[Joris Mertens]]></author><category><![CDATA[Technical Papers]]></category><ArticleActive>4/6/2010</ArticleActive><ArticleExpires>4/8/2011</ArticleExpires></item><item><title><![CDATA[Rising to the CO2 Challenge: Part III]]></title><link>http://www.kbcat.com/default/documents/technical papers/tp 2010/2010_Mar_HydroEngineer_CO2_PartIII_JMertens.pdf</link><description><![CDATA[]]></description><author><![CDATA[Joris Mertens]]></author><category><![CDATA[Technical Papers]]></category><ArticleActive>4/6/2010</ArticleActive><ArticleExpires>4/8/2011</ArticleExpires></item><item><title><![CDATA[KBC Announces 2009 Results]]></title><link>http://www.kbcat.com</link><description><![CDATA[<span style="font-size: 13px"><strong>KBC Advanced Technologies plc<em> (&quot;KBC&quot; or &quot;the Group&quot;)</em><br />Preliminary results for the year ended 31 December 2009</strong></span><strong><br /><br /></strong><div style="text-align: justify">KBC Advanced Technologies plc, a leading consultant to the energy industry, today announces its preliminary results for the year to 31 December 2009.</div><br /><table cellspacing="1" cellpadding="1" width="100%" align="left" border="1"><tbody><tr><td>&nbsp;</td><td style="text-align: center"><span style="font-size: 13px"><span><strong>12 months to<br />31 December<br />2009</strong></span></span></td><td style="text-align: center">12 months to<br />31 December<br />2008</td></tr><tr><td>Revenue</td><td style="text-align: center"><span style="font-size: 13px"><strong>&pound;52.6m</strong></span></td><td style="text-align: center">&pound;52.8m</td></tr><tr><td><u>Statutory basis</u></td><td style="text-align: center">&nbsp;</td><td>&nbsp;</td></tr><tr><td>Profit before tax</td><td style="text-align: center"><span style="font-size: 13px"><strong>&pound;4.6m</strong></span></td><td style="text-align: center">&pound;5.4m</td></tr><tr><td>Basic earnings per share</td><td style="text-align: center"><strong><span style="font-size: 13px">5.4p</span></strong></td><td style="text-align: center">6.4p</td></tr><tr><td>&nbsp;</td><td>&nbsp;</td><td>&nbsp;</td></tr><tr><td><u>Underlying basis*</u></td><td>&nbsp;</td><td>&nbsp;</td></tr><tr><td>Profit before tax</td><td style="text-align: center"><span style="font-size: 13px"><strong>&pound;5.7m</strong></span></td><td style="text-align: center">&pound;5.7m</td></tr><tr><td>Earnings per share</td><td style="text-align: center"><strong><span style="font-size: 13px">6.8p</span></strong></td><td style="text-align: center">6.9p</td></tr><tr><td>&nbsp;</td><td>&nbsp;</td><td>&nbsp;</td></tr><tr><td>Full year dividend per share</td><td style="text-align: center"><span style="font-size: 13px"><strong>1.55p</strong></span></td><td style="text-align: center">1.35p</td></tr></tbody></table><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><br /><strong><br />Highlights<br /></strong><br /><ul><li>Resilient performance in challenging economic circumstances</li><li>Flat revenue and underlying profits</li><li>Growth in contract awards and order book</li><li>88% growth in software revenue</li><li>Full benefit of &pound;2.8m annualised cost savings in 2010</li><li>Dividend up 15%</li><li>Strong balance sheet with net cash of &pound;4m</li><li>Resumption of growth expected in 2010</li></ul><br /><div style="text-align: justify"><em>Note * Underlying profit before tax and earnings per share exclude the impact of the carry forward of software development costs, their amortisation, the amortisation of acquired intangible assets and one-off redundancy costs. See note 3 to this statement.<br /><br /></em></div><strong>Ian Miller, Chairman of KBC, commented:</strong><br />&quot;KBC delivered a resilient performance in 2009 with the year ending strongly despite the challenging economic environment. Revenue was essentially flat compared to 2008, but despite a significant impact from unfavourable foreign exchange movements, underlying profits were maintained at similar levels to 2008.<br /><br />The cost savings delivered last year totalled around &pound;2.8m on an annualised basis and we will see the full benefit of this in 2010. Predicting the timing of new project awards is still difficult and pricing pressure remains. However, with continued cost control and a continuation of the improvement in trading we saw in the second half of 2009, we expect to see a resumption of growth during 2010.&quot;<br /><br /><br /><a target="_blank" href="http://www.kbcat.com/default/documents/industry releases/2009 annual results final - 160310.pdf">CLICK HERE TO DOWNLOAD A PDF</a>]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>3/16/2010</ArticleActive><ArticleExpires>3/31/2011</ArticleExpires></item><item><title><![CDATA[KBC and Hyperion Systems Sign an Exclusive Multi-Year Reseller Agreement]]></title><link>http://www.kbcat.com</link><description><![CDATA[<div style="text-align: justify">London, UK &ndash; (9 March 2010) &ndash; KBC Advanced Technologies plc (KBC) and Hyperion Systems Engineering Ltd (Hyperion) announce the signing of an exclusive multi-year reseller agreement with Hyperion Systems to resell our Petro-SIM&trade; and KBC SIM&trade; reactor simulation models within the territory of Russia and the CIS countries. <br /><br />&ldquo;This partnership reflects our continued commitment to our customers in Russia and the CIS countries,&rdquo; commented George Bright, KBC CEO. &ldquo;Combining our leading simulation software with Hyperion&rsquo;s proven leadership in supporting software solutions to a broad range of business sectors in the region will help our customers achieve NextGen Performance.&rdquo;<br /><br />Symeon Kassianides, Hyperion Chairman and CEO stated, &ldquo;I am delighted to see our experience and investment in Russia working as a platform for growth, with the addition of KBC&rsquo;s world class solutions to our portfolio for the regional upstream, midstream and downstream petroleum and gas market&rdquo; <br /><br /><strong>About Hyperion Systems Engineering Ltd:</strong> Hyperion Systems Engineering Ltd (www.hyperion.com.cy) is the world&rsquo;s leading independent provider of systems engineering solutions and services to the process industries. A privately held company with 16 years&rsquo; experience in the Oil and Gas, Petrochemical, Chemical, Pharmaceutical, Food and Beverage, Power, Water and Metals industries, Hyperion has a well-established reputation for groundbreaking innovation, helping clients to drive down costs and dramatically increase operational efficiencies. Hyperion is certified to the ISO 9001:2000 standard, by EuroCert. For more information, visit www.hyperion.com.cy or www.hyperionsystems.ru.<br /><br /><strong>About KBC: </strong>Since 1979, KBC consultants have provided independent advice and expertise to enable leading companies in the global energy business and other processing industries manage risk while maximising the value from their assets.<br />In times of economic uncertainty and increasing environmental pressure, the KBC proprietary methodologies and innovative tools guide clients&rsquo; key strategic decisions, prioritise and implement initiatives that maximise return on investment, and improve operational performance. For more information, visit <a target="_blank" href="http://www.kbcat.com">www.kbcat.com</a>.<br />&nbsp;</div><a target="_blank" href="http://www.kbcat.com/default/documents/industry releases/Hyperion Systems_FINAL.pdf">CLICK HERE TO DOWLOAD A PDF OF THIS RELEASE</a>]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>3/9/2010</ArticleActive><ArticleExpires>3/11/2011</ArticleExpires></item><item><title><![CDATA[Effective Standardisation: Harnessing the Power of Your Organisation]]></title><link>http://www.kbcat.com/default/documents/technical papers/tp 2009/2009_Sept_HydroEngineer_EffectiveStandardization_KSmith.pdf</link><description><![CDATA[]]></description><author><![CDATA[Kevin Smith]]></author><category><![CDATA[Technical Papers]]></category><ArticleActive>12/18/2009</ArticleActive><ArticleExpires>12/31/2010</ArticleExpires></item><item><title><![CDATA[KBC and University of Surrey Offer New Msc Petroleum Downstream Technology Qualification]]></title><link>http://www.kbcat.com</link><description><![CDATA[<div style="text-align: justify">KBC Advanced Technologies plc (KBC) announces the launch of MSc in Petroleum Downstream technology in partnership with University of Surrey. <br /><br />KBC has been collaborating with the University of Surrey for many years. Recent pressures within the industry to improve the efficiency of all processes combined with a worldwide shortage of engineers with relevant skills has led to the creation of this qualification through the relationship between KBC and the University of Surrey. A unique collaboration between experts in the industry and academia, the programme has been recently validated and approved for award of the MSc qualification.<br /><br />Aimed at developing the knowledge and understanding necessary to become an effective leader and decision maker in the petrochemical refining and downstream process industries, the MSc has been designed as a three year part-time programme, studied on a modular basis. There are eight one week modules plus a research project all taught on University campus using a mixture of KBC and university teaching resources. The programme will start with the Energy Optimisation and Hydrocarbon Loss Minimisation Module from 4-8 January 2010. For further details, or to register, visit http://www.kbcat.com/Products-and-Services/University-Programme/MSc/.<br /><br />&ldquo;This programme of study provides a unique opportunity to benefit from the academic facilities of University of Surrey combined with KBC expertise in improving real plant operators, worldwide,&rdquo; commented George Bright, CEO of KBC. <br /><br />Rex Thorpe, Head of the Chemical and Process Engineering and Professor of Multiphase Engineering at University of Surrey, stated, &ldquo;The modules that make up the new MSc represent an opportunity for employers to send their graduate staff for continuing professional development in an environment where real mastery of the material is required and measured. The opportunity for the staff member is to build the modules into a university qualification.&rdquo;<br /><br />About KBC: <br />For 30 years, KBC consultants have provided independent advice and expertise to enable leading companies in the global energy business and other processing industries manage risk while maximising the value from their assets.<br /><br />In times of economic uncertainty and increasing environmental pressure, KBC proprietary methodologies and innovative tools guide clients&rsquo; key strategic decisions, prioritise and implement initiatives that maximise return on investment, and improve operational performance. For more information, visit <a target="_blank" href="http://www.kbcat.com">www.kbcat.com</a>.<br /><br />About University of Surrey: <br />The University of Surrey is an international university with a worldwide reputation for excellence in teaching and research. It offers students a unique combination of high academic standards, employment success and a prime location in beautiful surroundings, yet with ease of access to London. Our undergraduate and postgraduate students experience a first-rate working environment and a lively social life. For more information, visit <a target="_blank" href="http://www.surrey.ac.uk/">www.surrey.ac.uk/</a>.</div><br /><a target="_blank" href="http://KBC AND UNIVERSITY OF SURREY OFFER NEW MSC PETROLEUM DOWNSTREAM TECHNOLOGY QUALIFICATION">CLICK HERE TO DOWNLOAD A PDF OF THIS RELEASE.</a>]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>12/14/2009</ArticleActive><ArticleExpires>12/31/2010</ArticleExpires></item><item><title><![CDATA[KBC and ISS Sign a Multi-Year Global Performance Management Solutions Agreement]]></title><link>http://www.kbcat.com</link><description><![CDATA[<div style="text-align: justify">KBC Advanced Technologies plc (KBC) and ISS Group Limited (ISS) announce the signing of a non-exclusive, multi-year, global agreement to jointly provide performance management solutions to the refining and petrochemical industry.<br /><br />These solutions combine the world-leading KBC refinery and petrochemical process consulting and simulation software, Petro-SIM&trade; and KBC SIM reactor models, with ISS Group's production integration software, BabelFish&trade;.<br /><br />&quot;In today's environment, it is important to offer solutions that allow companies to maximise the value created from their plant data,&quot; commented George Bright, KBC CEO. &quot;ISS Group has proven expertise and progressive products for integrating all types of plant information, which aligns well with our own technologies and methodologies. We look forward to working closely with ISS to help our clients achieve NextGen performance.&quot; <br /><br />Grant Eggleton, Global BD Manager of ISS, stated, &quot;We are delighted to be a part of this agreement. In combination with the KBC models, the BabelFish web-based visualization framework allows production engineers, planners, and managers to proactively monitor and make adjustments to operations, planning, and scheduling. The combination of KBC and ISS technologies will further allow outputs to be processed to form valuable KPIs. The secure access by multiple parties enables real-time virtual collaboration of plant operations staff with remote process plant expertise.&quot; <br /><br />About ISS Group Limited: ISS Group delivers software solutions to the global energy, minerals and manufacturing industries. ISS Group was established in 1995 and listed on the ASX in 2004. The Company has offices in Australia, US, Europe and Asia and has a blue chip client base including BG Group, BHP Billiton, Saudi Aramco, Woodside, Rio Tinto, Shell, BP, Petronas &amp; British Energy. <br /><br />The company's flagship product BabelFish is a powerful interface through which companies can aggregate their many disparate real-time systems to provide a single holistic view of their complex processes and operations. ISS have recently added GIS capability to BabelFish. Please visit the ISS Group website <a target="_blank" href="http://www.issgroup.com.au ">http://www.issgroup.com.au </a>for further information.<br /><br /><a target="_blank" href="http://www.kbcat.com/default/documents/industry%20releases/KBC_ISSGroup_FINAL_25Nov09.pdf">CLICK HERE TO DOWNLOAD A PDF OF THIS RELEASE</a></div>]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>11/25/2009</ArticleActive><ArticleExpires>11/30/2010</ArticleExpires></item><item><title><![CDATA[Behaviour Based Reliabilty]]></title><link>http://www.kbcat.com/default/documents/technical papers/tp 2009/2009_May_Behaviour Based Reliabilty_HydroCarbEngr_Kevin Smith.pdf</link><description><![CDATA[]]></description><author><![CDATA[Kevin Smith]]></author><category><![CDATA[Technical Papers]]></category><ArticleActive>5/1/2009</ArticleActive><ArticleExpires>7/1/2011</ArticleExpires></item><item><title><![CDATA[KBC Augments Environmental Consulting Offerings]]></title><link>http://www.kbcat.com</link><description><![CDATA[KBC Advanced Technologies plc (KBC) announces the addition of an Environmental Services practice. <br /><br />Augmenting the existing KBC Health, Safety, &amp; Environmental (HSE) offerings, this new full service environmental consulting practice provides a wide range of commercially acceptable advice and traditional services, such Environmental Due Diligence, Environmental and Social Impact Assessments (ESIA) and contaminated land work. The Environmental Services team develops solutions to emerging issues across sectors including: upstream and downstream oil and gas; energy production and transmission from fossil fuel, nuclear project development, renewable energy generation and transmission; mining; and the financial investment sector to name a few.<br /><br />This solution set brings together a highly specialised team and recognised leaders, who have been providing advice and expertise on environmental issues to our existing client base. Ben Sawford and Dr Jim Wright, both former company directors at the environmental division of AMEC in the UK, have been appointed the lead this effort. With this newly enhanced offering, KBC touches new service lines in new sectors and clients, including areas of renewable and nuclear energy, carbon management and mineral consulting.<br /><br />&ldquo;Expanding the Environmental Services offerings within the KBC suite of solutions is a natural extension of our current services, and it will provide our clients with a far greater solution offering while opening new sectors to KBC,&rdquo; commented George Bright, KBC CEO. <br /><br /><a target="_blank" href="http://www.kbcat.com/default/documents/industry%20releases/KBC%20Environmental_FINAL.pdf">CLICK HERE TO DOWNLOAD A PDF OF THE RELEASE</a>]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>4/21/2009</ArticleActive><ArticleExpires>4/23/2010</ArticleExpires></item><item><title><![CDATA[KBC and Ingenious Sign A Multi-year, Global Operator Training Simulator Partnership Agreement]]></title><link>http://www.kbcat.com</link><description><![CDATA[Ingenious Inc and KBC Advanced Technologies have signed a multi-year global partnership agreement to provide Operator Training Simulators (OTS) using KBC&rsquo;s Petro-SIM Dynamics simulation engine and Ingenious&rsquo; ProDyn training interface and learning management solutions.<br /><br />KBC&rsquo;s full-featured process simulation software, Petro-SIM, will supplement Ingenious&rsquo; training simulation interface and training simulator experience, which when combined with KBC&rsquo;s operator training capabilities will provide world class training solutions. This partnership brings together both companies&rsquo; extensive experience in the oil &amp; gas, refining, and chemical industries.<br /><br />&ldquo;In today's environment, it is important to offer solutions that allow companies to train operators and engineers, and safely &amp; optimally operate plants,&quot; commented George Bright, KBC CEO. &quot;Ingenious has proven expertise and cutting-edge products; in combination with KBC&rsquo;s Petro-SIM technology and simulation and modeling expertise, we can offer best- in-class solutions to clients. We look forward to working closely with Ingenious in this initiative.&rdquo;<br /><br />Vibhu Sharma, CEO of Ingenious stated &ldquo;We are delighted to tie-up with KBC in offering world class training simulators and learning solutions to our clients. KBC&rsquo;s Petro-SIM technology and our ProDyn, ProLearn and ProLMS training solutions are a very synergistic fit. With the combined global presence, the significant engineering and consulting experience of both companies, and a commitment to work together we are keen to be a significant player in the OTS and engineering simulation market&rdquo;.<br /><br /><strong>About Ingenious:</strong> <br />Ingenious Inc was recently awarded the 6th Fastest growing technology company in Houston for 2008. Ingenious has proven expertise in process consulting, training solutions and advanced planning and optimization products and services. Since 2000, Ingenious has been providing cutting edge solutions to the oil and gas, refining, and chemical, industries. The company has over 150 clients globally, including certain Fortune 500 companies. Ingenious has offices in USA, India, Bahrain, and Indonesia. For more information, please visit <a target="_blank" href="http://www.ingeniousinc.com/">www.ingeniousinc.com</a>.<br /><br /><strong>About KBC: <br /></strong>For nearly 30 years, KBC consultants have provided independent advice and expertise to enable leading companies in the global energy business and other processing industries manage risk while maximizing the value from their assets.<br /><br />In times of economic uncertainty and increasing environmental pressure, the KBC proprietary methodologies and innovative tools guide clients&rsquo; key strategic decisions, prioritize and implement initiatives that maximize return on investment, and improve operational performance. For more information, visit <a href="http://www.kbcat.com/?id=1">www.kbcat.com</a>.<br /><br /><a target="_blank" href="http://www.kbcat.com/default/documents/industry%20releases/Press%20release%20-%20KBC-Ingenious%20OTS_FINAL.pdf">CLICK HERE TO DOWNLOAD A PDF&nbsp;OF THE RELEASE</a>]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>4/1/2009</ArticleActive><ArticleExpires>4/30/2010</ArticleExpires></item><item><title><![CDATA[KBC Houston Office Relocates to New Facility]]></title><link>http://www.kbcat.com</link><description><![CDATA[<p>KBC Advanced Technologies plc (KBC) announces the KBC Houston office relocation. <br /><br />The KBC office located in Houston, Texas, USA will relocate to a brand new facility effective March 2, 2009. The office is situated on the top floor of the new Energy Crossing I development at the intersection of Interstate 10 and Texas State Highway 6, which is only four miles west of our current office. <br /><br />For contact details of this location, please consult the Contact Us page of the KBC website at <a href="http://www.kbcat.com">www.kbcat.com</a>. <br /><br /><a target="_blank" href="http://www.kbcat.com/default/documents/industry%20releases/HoustonOfficeMoveAnnounce_vFINAL.pdf">CLICK HERE TO DOWNLOAD A PDF VERSION OF THIS RELEASE</a> </p>]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>2/25/2009</ArticleActive><ArticleExpires>2/26/2010</ArticleExpires></item><item><title><![CDATA[KBC Opens Office in Bahrain]]></title><link>http://www.kbcat.com</link><description><![CDATA[<p>KBC Advanced Technologies plc (KBC) announces the opening of a branch office in Bahrain. <br /><br />KBC has opened a branch office in the Almoayyed Tower in Manama, Bahrain. With the launch of this location, KBC can now provide greater local support for our Middle East clients during this time of expansion in the region. The office, which is located 15 minutes from Bahrain International Airport and only a 45 minute drive via King Fahd causeway to Saudi Arabia, will enable KBC to provide local support to our Middle East clients. <br /><br />&ldquo;KBC has long and successful ties with our clients in this region. We are pleased to increase our commitment by offering our clients greater access to our services with the opening of this office,&rdquo; commented KBC CEO, George Bright. <br /><br />For contact details of this location, please consult the Contact Us page of the KBC website at <a target="_blank" href="http://www.kbcat.com">www.kbcat.com</a>.&nbsp;<br /><br /><a target="_blank" href="http://www.kbcat.com/default/documents/industry%20releases/BahrainOfficeAnnounce_vFINAL.pdf">CLICK HERE TO DOWNLOAD A PDF VERSION OF THIS RELEASE</a> <br /></p>]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>2/24/2009</ArticleActive><ArticleExpires>2/26/2010</ArticleExpires></item><item><title><![CDATA[KBC Appoints Karl Bartholomew to Strategic Consulting Position]]></title><link>http://www.kbcat.com</link><description><![CDATA[<p>KBC Advanced Technologies plc (KBC) announces the appointment of Karl Bartholomew to Principal Consultant of Strategic Consulting. <br />
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Mr Bartholomew, formerly president and managing director of Pace Consultants, Inc. (now Jacobs Consultancy, Inc.) and a widely-recognized expert in the economics of technical planning, management, and valuation of refining, petrochemicals, raw materials, and natural gas operations, will use his 30 years of industry experience to assist the Strategic Consulting group at KBC. <br />
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Mr Bartholomew has served as an expert technical witness before the Federal Energy Regulatory Commission in energy litigation, and he has provided support on behalf of others for numerous regulatory and arbitration panels, including various property tax venues in appraisal negotiations and insurance industry negotiations. <br />
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&ldquo;We are pleased that Karl has joined KBC. His specialized expertise and broad industry knowledge make him a great addition to the team,&rdquo; commented KBC CEO, George Bright. <br />
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Mr. Bartholomew holds an MBA from Houston Baptist University and a Bachelor of Science in chemical engineering from the University of South Carolina. He is also a registered Professional Engineer in the state of Texas and certified as an Accredited Senior Appraiser with the American Society of Appraisers. In addition, Karl is a member of the Royal Institute of Chartered Surveyors &mdash; certified in business/technical valuation. <br />
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About KBC: <br />
For over 30 years, KBC consultants have provided independent advice and expertise to enable leading companies in the global energy business and other processing industries manage risk while maximizing the value from their assets. <br />
<br />
In times of economic uncertainty and increasing environmental pressure, our proprietary methodologies and innovative tools guide our clients&rsquo; key strategic decisions, prioritize and implement initiatives that maximize return on investment and improve operational performance. </p>
<p><a target="_blank" href="http://www.kbcat.com/default/documents/industry releases/KBartholomewAppt_FINAL_4Feb09.pdf">CLICK HERE TO DOWNLOAD A PDF VERSION OF THIS RELEASE</a></p>]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>2/4/2009</ArticleActive><ArticleExpires>2/5/2010</ArticleExpires></item><item><title><![CDATA[KBC Releases New Version of Petro-SIM and SIM Suite]]></title><link>http://www.kbcat.com</link><description><![CDATA[<font face="Arial">
<p align="justify">KBC Advanced Technologies plc (KBC) announces the release of version 3.2 of Petro-SIM and the KBC SIM suite, the worldâ€™s leading process simulation software for refineries and petrochemical plants.</p>
<p align="justify">New Petro-SIM features include a unique Viewer option for easy access to cases, as well as enhanced custom Microsoft Excel tables, which are especially useful for managing case studies of larger flowsheets. KBC continues its commitment to technology improvements with enhancements to its market leading refinery reactor models FCC-SIM for FCC Units, HCR-SIM for Hydrocrackers, and DC-SIM for delayed cokers. </p>
<p align="justify">Also with this release, Petro-SIM and the SIM models are fully compliant with the Microsoft Vista operating system. For more information on these products, visit </p>
</font><font face="Arial" color="#0000ff"><font face="Arial" color="#0000ff"><a target="_blank" href="http://www.Petro-SIM.com">www.Petro-SIM.com</a></font></font><font face="Arial"><font color="#000000">.</font></font>
<p><font color="#c7001d"><a target="_blank" href="http://www.kbcat.com/default/documents/industry%20releases/KBC_Petro-SIM3-2_FINAL.pdf">CLICK HERE TO DOWNLOAD A PDF OF THIS RELEASE</a></font></p>]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>12/11/2008</ArticleActive><ArticleExpires>12/14/2009</ArticleExpires></item><item><title><![CDATA[KBC Appoints John Dosher to SVP Strategic Consulting]]></title><link>http://www.kbcat.com</link><description><![CDATA[<p>KBC Advanced Technologies plc (KBC) announces the appointment of John Dosher to Senior Vice President of Strategic Consulting. <br />
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Mr Dosher, formerly president of Pace Consultants, Inc. (now Jacobs Consultancy, Inc.) and a widely-recognized expert in the economics of technical planning and management of refining, petrochemicals, raw materials, and natural gas operations, will use his 50 years of industry experience to lead the Strategic Consulting group at KBC. <br />
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Over the years, Mr Dosher served as an expert technical witness before several regulatory and arbitration panels, including the US Senate committee on Environment and Public Works (2004), where he evaluated the current state of US refining capacity. <br />
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&ldquo;We are pleased that Mr Dosher has joined KBC. His specialized strategic consulting expertise and broad industry knowledge make him a perfect fit for this role, and we look forward to working with him,&rdquo; commented KBC CEO, George Bright. <br />
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Mr Dosher holds an MBA from the University of Houston and a Bachelor of Science in chemical engineering from Texas A&amp;M University. He is also a registered Professional Engineer in the state of Texas. <br />
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<p><a target="_blank" href="http://www.kbcat.com/default/documents/industry%20releases/JohnDosherAppt_FINAL.pdf"><font color="#c7001d">CLICK HERE TO DOWNLOAD A PDF OF THIS RELEASE</font></a></p>
<div style="MARGIN: 0in 0in 0pt">&nbsp;</div>]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>12/9/2008</ArticleActive><ArticleExpires>12/11/2009</ArticleExpires></item><item><title><![CDATA[KBC Retained by Hyundai Oilbank for Capital Project Work]]></title><link>http://www.kbcat.com</link><description><![CDATA[<p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify">London, UK and Singapore &ndash; (December 1, 2008) &ndash; KBC Advanced Technologies plc (KBC) announces capital project work on a major grassroots expansion for Hyundai Oilbank (HDO) in Korea. <br />
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KBC acts as technical consultant to Hyundai Oilbank on a multi-billion dollar upgrading complex in Daesan, Korea. On the current 10 month contract, KBC provides FEED (Front-End Engineering Design) supervision services for HDO. <br />
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KBC has contributed to the project from its inception. Our work began with Process Licensor and Long Lead Item Evaluation and Selection and PMC/FEED Contractor Evaluation and Selection. All of these services are part of the Capital Excellence (CapX) range of services provided by KBC. <br />
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About Hyundai Oilbank: <br />
Hyundai Oilbank Co., Ltd. engages in refining and marketing petroleum products in South Korea. Its products include gasoline, diesel, kerosene, liquefied petroleum gas, bunker, benzene, paraxylene, low sulfur waxy residue, and jet fuel. The company also produces petrochemicals. Hyundai Oilbank Co., Ltd. was formerly known as Kukdong Oil Refining Co., Ltd. The company was founded in 1964 and is based in Daesan, South Korea. </p>
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<p class="MsoNormal" style="MARGIN: 0in 0in 0pt; TEXT-ALIGN: justify"><a target="_blank" href="http://www.kbcat.com/default/documents/industry%20releases/KBC_HDO_FEED_FINAL_1Dec2008.pdf">CLICK HERE TO DOWNLOAD A PDF OF THIS RELEASE</a></p>]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>12/1/2008</ArticleActive><ArticleExpires>12/4/2009</ArticleExpires></item><item><title><![CDATA[National Cooperative Refinery Association Awards KBC a Planning Consulting Contract Complete with Associated Simulation Software Licensing ]]></title><link>http://www.kbcat.com</link><description><![CDATA[<p>KBC Advanced Technologies, Inc. (KBC) announces that National Cooperative Refinery Association (NCRA) has awarded the company a contract to redesign and enhance the Linear Program (LP) model of NCRA's McPherson, Kansas refinery. <br />
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As part of this contract, KBC will utilize Best Practice industry standards to improve the data, structure, accuracy, and methodologies of an enhanced LP to allow development of improved refinery operating plans for the site. The KBC SIM Suite of kinetic reactor models running in a Petro-SIM flowsheet will be used to create accurate representations of the refinery's units as part of the project. The Petro-SIM LPU (LP Utility) will be configured for each crude distillation unit and processing reactor unit to generate accurate, consistent operating yield and property data for direct entry into the NCRA LP model. <br />
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NCRA will also execute a multi-year license with KBC for the same simulation software tools, which are expected to make continuing optimization and improvement of the facility possible in the future. Included in the licensing is Petro-SIM, the KBC proprietary flowsheeting tool, plus the FCC-SIM (fluid catalytic cracking), HCR-SIM (hydrocracking), DC-SIM (delayed coking), and D HTR-SIM (distillate hydrotreating) unit models. <br />
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&quot;In today's competitive environment, it is important to have an LP model that can produce truly optimum crude, operating, and production decisions,&quot; commented George Bright, KBC CEO. &quot;Not only will NCRA have the best possible LP model for their planning optimization activity, NCRA's LP model maintenance man-hours will be significantly minimized through their use of the automatic LP model updating solution within Petro-SIM.&quot; <br />
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About NCRA: <br />
National Cooperative Refinery Association (NCRA) provides three farm supply cooperatives (CHS, GROWMARK, and MFA Oil) with fuel through its oil refinery in Kansas. The refinery's production capacity is about 85,000 barrels per day. Fuel from the refinery is allocated to member/owners on the basis of ownership percentages. In addition to the refinery, NCRA owns Jayhawk Pipeline, minority interests in two other pipeline companies, and an underground oil storage facility. CHS owns 74% of the cooperative; GROWMARK and MFA own the rest. <br />
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About KBC: <br />
KBC Advanced Technologies, a leading independent consulting, process engineering and software group, delivers improved operating performance to the oil refining, petrochemical, and other process industries worldwide. We provide process consulting, strategic planning advice, energy price forecasting and market analysis, economic studies, capital project services, and training to help clients achieve their business objectives and improve their competitive position. Our human performance improvement division provides organizational effectiveness services, training programs, operations manuals, and personnel development services. KBC consultants recommend changes for material and measurable improvements in profitability. To assist clients in realizing such improvements, KBC provides implementation services and software solutions, including the KBC SIM models and Petro-SIM&trade; for process optimization and our energy optimization software packages. Formed in 1979, KBC has offices in the UK, USA, Canada, Singapore, the Netherlands, the Russian Federation, China, and Japan. <br />
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<a target="_blank" href="http://www.kbcat.com/default/documents/industry%20releases/NCRA%20Press%20Release_FINAL_3Nov08.pdf">CLICK HERE TO DOWNLOAD PDF OF THIS RELEASE</a></p>]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>11/3/2008</ArticleActive><ArticleExpires>11/6/2009</ArticleExpires></item><item><title><![CDATA[Low Carbon Refinery: Dream or Reality]]></title><link>http://www.kbcat.com/default/documents/technical%20papers/tp%202008/2008_Nov_Low%20Carbon%20Refinery-%20Dream%20or%20Reality_HP1108_MSpoor.pdf</link><description><![CDATA[]]></description><author><![CDATA[R.M. Spoor]]></author><category><![CDATA[Technical Papers]]></category><ArticleActive>11/1/2008</ArticleActive><ArticleExpires>1/1/2011</ArticleExpires></item><item><title><![CDATA[PetroSA Appoints KBC as Technology Advisor for Coega Oil Refinery]]></title><link>http://www.kbcat.com</link><description><![CDATA[<div align="center"></div>
<div>London, UK and Houston, TX, USA &ndash; (October 22, 2008) &ndash; PetroSA's Project Mthombo reached another milestone this week with the appointment of respected United Kingdom-based KBC Process Technology Ltd as technical and commercial services advisor for the development.<br />
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<div>This follows the granting two weeks ago of a manufacturing license by the Department of Minerals and Energy to PetroSA to build the US$11 billion, 400000 bpd oil refinery at Coega in Port Elizabeth. The full range of services offered by KBC include project management, process engineering, maintenance, strategy studies, software, training and development.</div>
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Sipho Mkhize, CEO of PetroSA said, &quot;KBC is recognised as an organisation that will challenge the company to deliver a world-class project and refinery. With the imminent start of the feasibility and the front end engineering (FEED) phases, KBC &lsquo;s resources will be integrated into both the project team at the offices of PetroSA and the offices of the engineering contractor that will be appointed soon,&quot; he said.</div>
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J&ouml;rn Falbe, PetroSA's Vice President New Ventures Midstream, said the appointment of a consultant of the calibre of KBC is a demonstration of the company's commitment to achieve world-class standards in every aspect of Project Mthombo. </div>
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&quot;This will also contribute to making the new refinery a commercial success,&quot; he added.</div>
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George Bright, KBC's Chief Executive Officer, has welcomed the appointment. &quot;We are delighted to have been selected to support PetroSA and are fully committed to this very significant project, not only for PetroSA, South Africa and Southern Africa, but also for KBC,&quot; he said.</div>
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He added that KBC will leverage its worldwide knowledge and experience to bring world-class capability to all aspects of the refinery from design to operations.</div>
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He pointed out that technology transfer is an important part of the overall project for KBC and the company is committed to contributing to skills development at PetroSA through formal training, mentoring, and other programs.<br />
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<div><a target="_blank" href="http://www.kbcat.com/default/documents/industry%20releases/KBC_PetroSA_TechAdvisor_22Oct2008.pdf">CLICK HERE TO DOWNLOAD PDF OF THIS RELEASE</a></div>]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>10/22/2008</ArticleActive><ArticleExpires>10/23/2009</ArticleExpires></item><item><title><![CDATA[KBC Introduces New Alternative Fuels and Feedstocks Service]]></title><link>http://www.kbcat.com</link><description><![CDATA[<div>London, UK and Houston, Texas, USA &ndash; (September 23, 2008) &ndash; KBC Advanced Technology plc (KBC) announces the introduction of an Alternative Fuels and Feedstocks service (AFFS).</div>
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<div>In response to market demands, KBC now offers an Alternative Fuels and Feedstocks service. Several factors contribute to the quickly growing and complex market for AFFS including the high price of crude oil, challenges of crude supply, pressures to reduce Greenhouse Gas (GHG) emissions &ndash; both political and public, and the increased availability of &quot;green fuels.&quot; <br />
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<div>Companies considering building or operating alternative fuel plants or utilising alternative feedstocks need to optimise designs and operations to maximise yields of high value products, minimise energy consumption and CO<sub>2</sub> emissions, ensure reliability, and operate at optimum staffing levels using Best Practice systems, work processes, procedures, and tools. KBC provides leading CapX (Capital Excellence) services to help companies make sense of the options and make the right decisions for their facility. Our OpX (Operations Excellence) services for Alternative Fuels and Feedstocks assist companies in effectively operating this type of facility. The KBC team possesses expertise in various areas of AFFS, and we have now formed a team to specifically focus on the needs of both our existing Clients and emerging players in this area.<br />
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<div>George Bright, KBC CEO, commented, &quot;The AFFS service offering is a natural extension to our existing business. With almost 30 years of proven success in working with the leading players in the hydrocarbon processing sector, our expertise is directly applicable to the alternative fuels arena regardless of the original source of the feedstock - crude oil, gas, coal, or biomass; we have successfully completed projects in Tar Sands, Coal to Liquids (CTL), Gas to Liquids (GTL), and bio and synthetic fuel integration. KBC looks forward to helping more companies meet the challenges of serving the demand for transportation fuels in this ever-changing crude oil supply and alternative fuels marketplace. This is an exciting time in the industry.&quot;<br />
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<div><strong>About KBC:</strong> </div>
<div>KBC Advanced Technologies plc, a leading independent consulting, process engineering and software group, delivers improved operating performance to the oil refining, petrochemical, and other process industries worldwide. We provide process consulting, strategic planning advice, energy price forecasting and market analysis, economic studies, capital project services, and training to help clients achieve their business objectives and improve their competitive position. Our human performance improvement division provides organisational effectiveness services, training programmes, operations manuals, and personnel development services. KBC consultants recommend changes for material and measurable improvements in profitability. To assist clients in realising such improvements, KBC provides implementation services and software solutions, including the KBC SIM models and Petro-SIM<sup>&trade;</sup> for process optimisation, and our energy optimisation software packages. Formed in 1979, KBC has offices in the UK, USA, Canada, Singapore, the Netherlands, Russian Federation, The People's Republic of China, and Japan. </div>
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<div><a target="_blank" href="http://www.kbcat.com/default/documents/industry%20releases/AFFS_Release_Industry_FINAL_23Sept08.pdf">DOWNLOAD PDF OF THIS PRESS RELEASE</a></div>]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>9/23/2008</ArticleActive><ArticleExpires>9/23/2009</ArticleExpires></item><item><title><![CDATA[KBC Houston Office Reopens Today]]></title><link>http://www.kbcat.com/?id=189</link><description><![CDATA[]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>9/17/2008</ArticleActive><ArticleExpires>9/19/2008</ArticleExpires></item><item><title><![CDATA[Lummus Pyrolysis Model Now Available in Petro-SIM]]></title><link>http://www.kbcat.com/default/documents/industry%20releases/KBC_Lummus_Final_19Mar08.pdf</link><description><![CDATA[]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>3/19/2008</ArticleActive><ArticleExpires>3/20/2009</ArticleExpires></item><item><title><![CDATA[Valero Acquires Enterprise-wide License for KBC Process Modeling Software]]></title><link>http://www.kbcat.com/default/documents/industry%20releases/Valero-KBCSimulationSoftware_Feb2008.pdf</link><description><![CDATA[]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>2/13/2008</ArticleActive><ArticleExpires>2/13/2009</ArticleExpires></item><item><title><![CDATA[Make The Most of Utility Optimisation]]></title><link>http://www.kbcat.com/default/documents/technical%20papers/tp%202007/2007_Dec_TCE_MakeTheMostofUtilityOptimisation_GJFien.pdf</link><description><![CDATA[]]></description><author><![CDATA[Gert-Jan Fien]]></author><category><![CDATA[Technical Papers]]></category><ArticleActive>1/1/2008</ArticleActive><ArticleExpires>12/1/2010</ArticleExpires></item><item><title><![CDATA[Unconventional Crude Upgrading Challenges]]></title><link>http://www.kbcat.com/default/documents/technical%20papers/tp%202007/2007_PTQ_4Q_Unconventional%20crude%20upgrading%20challenges_SSayles.pdf</link><description><![CDATA[]]></description><author><![CDATA[Scott Sayles]]></author><category><![CDATA[Technical Papers]]></category><ArticleActive>12/1/2007</ArticleActive><ArticleExpires>12/1/2010</ArticleExpires></item><item><title><![CDATA[Using Rigorous Simulation to Generate LP Vectors]]></title><link>http://www.kbcat.com/default/documents/technical%20papers/tp%202007/2007_Nov_UsingRigorousSimulationtoGenerateLPVectors_HydroEng_GChukmanAAldag_orig.pdf</link><description><![CDATA[]]></description><author><![CDATA[Gloria Chukman]]></author><category><![CDATA[Technical Papers]]></category><ArticleActive>11/1/2007</ArticleActive><ArticleExpires>12/2/2010</ArticleExpires></item><item><title><![CDATA[KBC Retained as Owners Technical Representative for Egyptian Refining Company]]></title><link>http://www.kbcat.com/default/documents/industry%20releases/ERCRelease_Industry_FINAL.pdf</link><description><![CDATA[]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>10/1/2007</ArticleActive><ArticleExpires>10/1/2008</ArticleExpires></item><item><title><![CDATA[Optimising Your Plant's Number One Asset - People]]></title><link>http://www.kbcat.com/default/documents/technical%20papers/tp%202007/2007_Sept-Oct_OptYourPlantsNumber1Asset_HydroAsia_KSmith.pdf</link><description><![CDATA[]]></description><author><![CDATA[Kevin Smith]]></author><category><![CDATA[Technical Papers]]></category><ArticleActive>10/1/2007</ArticleActive><ArticleExpires>12/31/2008</ArticleExpires></item><item><title><![CDATA[Implementing a Progressive Strategic Plan for Energy Optimisation]]></title><link>http://www.kbcat.com/default/documents/technical%20papers/KBC_ImplementingaProgressivePlanforEnergyOptimisation_FINAL.pdf</link><description><![CDATA[]]></description><author><![CDATA[Nicola Knight]]></author><category><![CDATA[Technical Papers]]></category><ArticleActive>10/1/2007</ArticleActive><ArticleExpires>12/31/2008</ArticleExpires></item><item><title><![CDATA[KBC Partnership with Irving Continues]]></title><link>http://www.kbcat.com/default/documents/industry%20releases/IrvingAllianceRelease_Industry_FINAL_Sept07.pdf</link><description><![CDATA[]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>9/19/2007</ArticleActive><ArticleExpires>9/19/2008</ArticleExpires></item><item><title><![CDATA[KBC Appoints Peter Stewart to Market Services Division]]></title><link>http://www.kbcat.com/default/documents/industry%20releases/PeterStewartAppt_Industry_Sept07FINAL.pdf</link><description><![CDATA[]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>9/19/2007</ArticleActive><ArticleExpires>9/19/2008</ArticleExpires></item><item><title><![CDATA[Integration Profitability]]></title><link>http://www.kbcat.com/default/documents/technical%20papers/tp%202007/2007_Apr_HydroEngineer_Integration%20Profitability_JPhilpot.pdf</link><description><![CDATA[]]></description><author><![CDATA[John Philpot]]></author><category><![CDATA[Technical Papers]]></category><ArticleActive>4/2/2007</ArticleActive><ArticleExpires>12/1/2010</ArticleExpires></item><item><title><![CDATA[Market Outlook for 2007]]></title><link>http://www.kbcat.com/default/documents/technical%20papers/tp%202007/2007_Mar_PTQ_Market%20Outlook%20for%202007_GeorgeBright_2Q_07_FINAL.pdf</link><description><![CDATA[]]></description><author><![CDATA[GeorgeBright]]></author><category><![CDATA[Technical Papers]]></category><ArticleActive>3/1/2007</ArticleActive><ArticleExpires>9/1/2008</ArticleExpires></item><item><title><![CDATA[KBC Signs Strategic Alliance with PETRONAS]]></title><link>http://www.kbcat.com</link><description><![CDATA[<p class="" align="justify">London, UK, and Houston, TX, USA &acirc;&euro;&ldquo; (January 15, 2007) &acirc;&euro;&ldquo; KBC Process Technology Ltd. (KBC) announces the signing of a Strategic Alliance agreement with PETRONAS the Malaysian national oil company. <br />
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The alliance covers the provision of specialized consulting services, software tools and methodologies to enhance the capability of the newly formed PETRONAS Research &amp; Technology Division, assist the Division with implementation of the plant performance initiative in PETRONAS' subsidiaries, to collaborate on joint technology development and to support learning at the PETRONAS University of Technology. The initial term is 2 years, with an option to extend.<br />
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George Bright, KBC's Chief Executive Officer, remarked, &quot;We are delighted that PETRONAS has selected KBC as their partner of choice with the signing of this important agreement. We look forward to working closely with PETRONAS in their efforts to achieve further improvements in operating performance.&quot; <br />
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<strong>About Petronas:</strong><br />
PETRONAS, short for Petroliam Nasional Berhad, is Malaysia's national petroleum corporation. Established on 17 August 1974, PETRONAS has grown into one of the world's largest integrated oil and gas companies with strategic business interests in more than 30 countries. The PETRONAS Group comprises more than 105 wholly-owned subsidiaries, 22 partly-owned outfits and 54 associated companies. Four of its subsidiaries are listed on the Malaysian Stock Exchange. The Group is engaged in a wide spectrum of value-adding petroleum and related activities and is a leading LNG player in the world. A Fortune 500 company, PETRONAS generated net profits of US$12.7 billion for its fiscal year that ended 31 March 2006, with total assets of US$75 billion. For more information, visit <a target="_blank" href="http://www.kbcat.com/pages/dyn/www.petronas.com">www.petronas.com</a>.<br />
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<span class="greybody"><strong>Contacts for KBC Advanced Technologies plc</strong><br />
Business Relations Corporate Communications<br />
David Turner <br />
Tel: +65 6735 5488 <br />
<br />
Tamra Daniels<br />
Tel: +1 281 293 8200<br />
<a href="mailto:kdeeley@kbcat.com">kdeeley@kbcat.com</a></span></p>]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>1/15/2007</ArticleActive><ArticleExpires></ArticleExpires></item><item><title><![CDATA[KBC Announces Additional Contract Awards]]></title><link>http://www.kbcat.com/default/documents/industry%20releases/Jan07TradingRelease_IndustryMedia_FINAL.pdf</link><description><![CDATA[]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>1/15/2007</ArticleActive><ArticleExpires></ArticleExpires></item><item><title><![CDATA[Transition to ULSD, ethanol goes smoothly for US refiners]]></title><link>http://www.kbcat.com/default/documents/technical%20papers/tp%202006/2006_Dec4_TransitiontoULSD_OGJ_ScottSayles.pdf</link><description><![CDATA[]]></description><author><![CDATA[Scott Sayles]]></author><category><![CDATA[Technical Papers]]></category><ArticleActive>12/1/2006</ArticleActive><ArticleExpires>12/1/2010</ArticleExpires></item><item><title><![CDATA[KBC Acquires Veritech Inc.]]></title><link>http://www.kbcat.com</link><description><![CDATA[<p><strong>London, UK, and Houston, Texas, USA</strong> &acirc;&euro;&ldquo; (November 09, 2006) &acirc;&euro;&ldquo; KBC Advanced Technology plc (KBC), a leading independent global consulting organisation for the oil refining, petrochemical and process industries, announces the acquisition of Veritech, Inc. (Veritech), a leading US energy consultant.</p>
<p>Based in Sterling, Virginia, Veritech is a private company that provides services and software in the area of energy optimisation and management for clients in the process industries. Veritech owns and licenses its proprietary simulation and monitoring software packages Persimmon&acirc;&bdquo;&cent; and ESteam&acirc;&bdquo;&cent;.</p>
<p>Through KBC's acquisition of the Linnhoff March group in 2002, KBC's energy optimsation business has been very successful in Europe, the Middle East, and Asia. Veritech's track record in the Americas will both complement and enhance KBC's coverage of this important sector of our market. Until the early 1990s, Veritech was a part of the former Linnhoff March group, and, therefore uses methodology and tools common to those used by KBC's consultants.</p>
<p>KBC's Chief Executive Officer, George Bright commented, &quot;This acquisition will help KBC build a larger American footprint in the important area of energy optimisation across the oil refining, petrochemical, and other process industries. Rationalisation of the company's tools and methodologies will bring significant benefit to the industry.&quot; Mike Rutkowski, President of Veritech, stated, &quot;Veritech is very excited about the acquisition, because it will allow us to offer our clients a much broader range of products and services significantly impacting the benefits we can deliver. Additionally, we expect our combined technologies to result in new products for the industry.&quot;</p>
<p><strong>Contacts for KBC Advanced Technologies plc</strong><br />
Business Relations Corporate Communications</p>
<p>Jonathan Hedges<br />
Tel: +44 1932 242424 <br />
<a href="mailto:jhedges@kbcat.com">jhedges@kbcat.com</a></p>
<p>Tamra Daniels<br />
Tel: +1 281 293 8200<br />
<a href="mailto:kdeeley@kbcat.com">kdeeley@kbcat.com</a><br />
</p>]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>11/9/2006</ArticleActive><ArticleExpires></ArticleExpires></item><item><title><![CDATA[Model Behaviour - The Benefits of Using Process Models in Refineries]]></title><link>http://www.kbcat.com/default/documents/technical%20papers/tp%202006/2006_Nov_HydroEng_ModelBehaviour_Powell.pdf</link><description><![CDATA[]]></description><author><![CDATA[Robert Powell]]></author><category><![CDATA[Technical Papers]]></category><ArticleActive>11/1/2006</ArticleActive><ArticleExpires>12/1/2010</ArticleExpires></item><item><title><![CDATA[KBC Signs Agreement for Lummus Ethylene Furnace Model]]></title><link>http://kbcdev.contentactive.com/default/documents/industry releases/kbc_lummus_ethylene.pdf</link><description><![CDATA[]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>9/12/2006</ArticleActive><ArticleExpires>1/1/1900</ArticleExpires></item><item><title><![CDATA[New Release of Petro-SIM, Petro-SIM Express and SIM Suite from KBC]]></title><link>http://kbcdev.contentactive.com/default/documents/industry releases/petro-sim v3 press release_final.pdf</link><description><![CDATA[]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>9/7/2006</ArticleActive><ArticleExpires>12/31/2006</ArticleExpires></item><item><title><![CDATA[ULSD Best Practices]]></title><link>http://www.kbcat.com/default/documents/technical%20papers/tp%202006/2006_Sept_ULSDBestPractices_HydroEng_OhmesSayles_O.pdf</link><description><![CDATA[]]></description><author><![CDATA[Robert Ohmes and Scott Sayles]]></author><category><![CDATA[Technical Papers]]></category><ArticleActive>9/1/2006</ArticleActive><ArticleExpires>8/1/2008</ArticleExpires></item><item><title><![CDATA[The Journey to Operational Excellence ]]></title><link>http://www.kbcat.com/default/documents/technical%20papers/tp%202006/2006_SeptOct_HydroAsia_TheJourneytoOperationalExcellence_Kevin%20Smith.pdf</link><description><![CDATA[]]></description><author><![CDATA[Kevin Smith]]></author><category><![CDATA[Technical Papers]]></category><ArticleActive>9/1/2006</ArticleActive><ArticleExpires>1/20/2010</ArticleExpires></item><item><title><![CDATA[Outlook 2006]]></title><link>http://www.kbcat.com/default/documents/technical%20papers/tp%202006/2006_Jan%20_PTQ_Outlook2006_PeterClose_KBC.pdf</link><description><![CDATA[]]></description><author><![CDATA[Peter Close]]></author><category><![CDATA[Technical Papers]]></category><ArticleActive>9/1/2006</ArticleActive><ArticleExpires>9/6/2008</ArticleExpires></item><item><title><![CDATA[Compressor Failure Analysis Using Petro-SIM]]></title><link>http://www.kbcat.com/default/documents/technical%20papers/tp%202006/2006_Sept%20_Compressor%20Failure%20Analysis%20Using%20Petro-SIM_David%20Williams.pdf</link><description><![CDATA[]]></description><author><![CDATA[David Williams]]></author><category><![CDATA[Technical Papers]]></category><ArticleActive>9/1/2006</ArticleActive><ArticleExpires>9/6/2008</ArticleExpires></item><item><title><![CDATA[Part IV_Refinery CO2 challenges]]></title><link>http://www.kbcat.com/default/documents/technical%20papers/tp%202006/2006_Sept%20_KBC_Part%20IV_Refinery%20CO2%20challenges_Jem%20Hart%20and%20Allan%20Rudman_Vicente%20de%20Pablo%20Bruna%20CEPSA%20Gibraltar%20Refinery.pdf</link><description><![CDATA[]]></description><author><![CDATA[Jem Hart and Allan Rudman_Vicente de Pablo Bruna CEPSA Gibraltar Refinery]]></author><category><![CDATA[Technical Papers]]></category><ArticleActive>9/1/2006</ArticleActive><ArticleExpires>9/6/2008</ArticleExpires></item><item><title><![CDATA[PEMEX Signs Multi-Site Contract with KBC]]></title><link>http://www.kbcat.com</link><description><![CDATA[<p>KBC Advanced Technologies Inc. (KBC) announces the signing of a new contract with PEMEX Refinaci&oacute;n (PEMEX). <br /><br />The US$6.3M contract covers five domestic refineries, and includes clean fuels studies, refinery reconfiguration work, and the licensing of Petro-SIM&reg;, KBC&rsquo;s refinery-wide process simulation software, complete with multiple process unit simulation models, for each location. The majority of the consulting work is expected to be carried out by the end of 2006. <br /><br />Ramon Loureiro, Executive VP of KBC commented, &ldquo;We are pleased that PEMEX has made this important award to KBC. We look forward to maximizing the value PEMEX receives from our consulting and reconfiguration work, modeling technology, and extensive profit improvement experience.&rdquo; <br /><br />Petro-SIM allows process engineers to model all of their refinery assets allowing them to optimize, analyze and evaluate complex refinery interactions. Petro-SIM can be used to determine the impact of different feedstocks and operating targets, monitor process performance, conduct investment studies, or update a Linear Program (LP) model. KBC&rsquo;s distillation, catalytic cracking, reforming, visbreaking, alkylation, hydrotreating, hydrocracking, and delayed coking models, as well as KBC&rsquo;s proprietary furnace model and product blending technology form the comprehensive, refinery-wide package of Petro-SIM. <br /></p><p><a target="_blank" href="http://www.kbcat.com/default/documents/industry%20releases/KBC_PEMEXContract_Aug2006_INDUSTRY_FINAL.pdf">CLICK HERE TO DOWNLOAD A PDF OF THIS RELEASE</a></p>]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>8/9/2006</ArticleActive><ArticleExpires>8/10/2007</ArticleExpires></item><item><title><![CDATA[Benefits of a Rigorous Software Model - Refinery Case Studies for Profit Improvement]]></title><link>http://www.kbcat.com/default/documents/technical%20papers/tp%202006/2006_July_HydroEng_Benefits%20of%20a%20Rigorous%20Software%20Model%20-%20Refinery%20Case%20Studies%20for%20Profit%20Improvement_BayerEnglishChukman.pdf</link><description><![CDATA[]]></description><author><![CDATA[2006_July_HydroEng_Benefits of a Rigorous Software Model - Refinery Case Studies for Profit Improvement_BayerEnglishChukman.pdf]]></author><category><![CDATA[Technical Papers]]></category><ArticleActive>7/1/2006</ArticleActive><ArticleExpires>7/1/2010</ArticleExpires></item><item><title><![CDATA[Using an Integrating Petrochemical Refinery Model to Improve Profits]]></title><link>http://www.kbcat.com/default/documents/technical%20papers/tp%202006/2006_ARTCAnnual_UsingIntegratedPetrochemRefModel_Paul%20Haugseth.pdf</link><description><![CDATA[]]></description><author><![CDATA[Paul Haugseth]]></author><category><![CDATA[Technical Papers]]></category><ArticleActive>7/1/2006</ArticleActive><ArticleExpires>10/8/2008</ArticleExpires></item><item><title><![CDATA[KBC Releases Petro-SIM Express]]></title><link>http://kbcdev.contentactive.com/default/documents/industry releases/petro-simexpress.pdf</link><description><![CDATA[]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>6/15/2006</ArticleActive><ArticleExpires>12/31/2006</ArticleExpires></item><item><title><![CDATA[KBC CEO and Management Appointments]]></title><link>http://kbcdev.contentactive.com/default/documents/industry releases/kbc_mgmt_appt_jun2006.pdf</link><description><![CDATA[]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>6/1/2006</ArticleActive><ArticleExpires>12/31/2006</ArticleExpires></item><item><title><![CDATA[Part III_Refinery CO2 Challenges]]></title><link>http://www.kbcat.com/default/documents/technical%20papers/tp%202006/2006_June_KBC_Part%20III_Refinery%20CO2%20challenges_Joris%20N%20Mertens,%20Klaas%20Minks%20and%20R%20Michiel%20Spoor.pdf</link><description><![CDATA[]]></description><author><![CDATA[Joris N Mertens, Klaas Minks and R Michiel Spoor]]></author><category><![CDATA[Technical Papers]]></category><ArticleActive>6/1/2006</ArticleActive><ArticleExpires>9/6/2008</ArticleExpires></item><item><title><![CDATA[Part II_Refinery CO2 challenges]]></title><link>http://www.kbcat.com/default/documents/technical%20papers/tp%202006/2006_Mar%20_KBC_Part%20II_Refinery%20CO2%20challenges_Joris%20Mertens.pdf</link><description><![CDATA[]]></description><author><![CDATA[Joris Mertens]]></author><category><![CDATA[Technical Papers]]></category><ArticleActive>3/1/2006</ArticleActive><ArticleExpires>9/6/2008</ArticleExpires></item><item><title><![CDATA[The Ebullation Factor]]></title><link>http://www.kbcat.com/default/documents/technical%20papers/tp%202006/2006_Mar_Ebullationfactor_HydroEng_SSayles_KBC_O.pdf</link><description><![CDATA[]]></description><author><![CDATA[Scott Sayles]]></author><category><![CDATA[Technical Papers]]></category><ArticleActive>3/1/2006</ArticleActive><ArticleExpires>8/1/2008</ArticleExpires></item><item><title><![CDATA[COSMO Purchases Petro-SIM® From KBC]]></title><link>http://kbcdev.contentactive.com/default/documents/industry releases/kbc_cosmo_petrosim.pdf</link><description><![CDATA[]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>2/1/2006</ArticleActive><ArticleExpires>12/31/2006</ArticleExpires></item><item><title><![CDATA[Nerefco Contracts with KBC]]></title><link>http://kbcdev.contentactive.com/default/documents/industry releases/kbc_nerefco.pdf</link><description><![CDATA[]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>1/27/2006</ArticleActive><ArticleExpires>12/31/2006</ArticleExpires></item><item><title><![CDATA[KBC Acquires TTS Performance Systems]]></title><link>http://kbcdev.contentactive.com/default/documents/industry releases/kbc_tts.pdf</link><description><![CDATA[]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>1/26/2006</ArticleActive><ArticleExpires>12/31/2006</ArticleExpires></item><item><title><![CDATA[Part I_Refinery CO2 Challenges]]></title><link>http://www.kbcat.com/default/documents/technical%20papers/tp%202006/2006_Jan%20_KBC_Part%20I_Refinery%20CO2%20challenges_Michiel%20Spoor.pdf</link><description><![CDATA[]]></description><author><![CDATA[Michiel Spoor]]></author><category><![CDATA[Technical Papers]]></category><ArticleActive>1/1/2006</ArticleActive><ArticleExpires>9/6/2008</ArticleExpires></item><item><title><![CDATA[KBC Awarded $11M Contract by SINOPEC]]></title><link>http://kbcdev.contentactive.com/default/documents/industry releases/kbc_sinopec_dec2005.pdf</link><description><![CDATA[]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>12/13/2005</ArticleActive><ArticleExpires>12/31/2006</ArticleExpires></item><item><title><![CDATA[KBC Forms Alliance with TTS]]></title><link>http://kbcdev.contentactive.com/default/documents/industry releases/kbc-tts_press_release_final.pdf</link><description><![CDATA[]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>11/9/2005</ArticleActive><ArticleExpires>12/31/2006</ArticleExpires></item><item><title><![CDATA[Investigating Improvement Opportunities]]></title><link>http://www.kbcat.com/default/documents/technical%20papers/tp%202005/2005_Nov_Investigating%20Improvement%20Opportunities_Gloria%20Chukman.pdf</link><description><![CDATA[]]></description><author><![CDATA[Gloria Chukman]]></author><category><![CDATA[Technical Papers]]></category><ArticleActive>11/1/2005</ArticleActive><ArticleExpires>9/1/2008</ArticleExpires></item><item><title><![CDATA[Fuel proof energy savings]]></title><link>http://www.kbcat.com/default/documents/technical%20papers/tp%202005/2005_July%20_Fuel%20proof%20energy%20savings_Joe%20Davis.pdf</link><description><![CDATA[]]></description><author><![CDATA[Joe Davis]]></author><category><![CDATA[Technical Papers]]></category><ArticleActive>7/1/2005</ArticleActive><ArticleExpires>9/1/2008</ArticleExpires></item><item><title><![CDATA[Process Profits with Simulation]]></title><link>http://www.kbcat.com/default/documents/industry releases/Process_Profits_w_Simulation.pdf</link><description><![CDATA[]]></description><author><![CDATA[]]></author><category><![CDATA[Technical Papers]]></category><ArticleActive>6/16/2005</ArticleActive><ArticleExpires></ArticleExpires></item><item><title><![CDATA[Tamoil's Collombey Refinery Licenses Petro-SIM]]></title><link>http://kbcdev.contentactive.com/default/documents/industry releases/petro-sim_tamoil_final.pdf</link><description><![CDATA[]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>6/7/2005</ArticleActive><ArticleExpires>12/31/2006</ArticleExpires></item><item><title><![CDATA[OMV Licenses Petro-SIM From KBC Process Technology]]></title><link>http://kbcdev.contentactive.com/default/documents/industry releases/petro-sim_omv_final.pdf</link><description><![CDATA[]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>6/7/2005</ArticleActive><ArticleExpires>12/31/2006</ArticleExpires></item><item><title><![CDATA[KBC Releases Petro-SIM Version 2.0]]></title><link>http://kbcdev.contentactive.com/default/documents/industry 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Papers]]></category><ArticleActive>6/3/2005</ArticleActive><ArticleExpires></ArticleExpires></item><item><title><![CDATA[Integrating Process Unit Energy Metrics into Plant Energy Management ]]></title><link>http://www.kbcat.com/default/documents/technical%20papers/tp%202005/2005_June_Integrating%20process%20unit%20energy%20metrics%20into%20plant%20energy%20management%20systems_Joe%20Davis.pdf</link><description><![CDATA[]]></description><author><![CDATA[]]></author><category><![CDATA[Technical Papers]]></category><ArticleActive>6/3/2005</ArticleActive><ArticleExpires></ArticleExpires></item><item><title><![CDATA[Devote Some Energy to Efficiency]]></title><link>http://www.kbcat.com/default/documents/technical%20papers/tp%202005/2005_Summer_DevoteSomeEnergytoEfficiency_EurasiaPro_Graves.pdf</link><description><![CDATA[]]></description><author><![CDATA[Andrew Graves]]></author><category><![CDATA[Technical Papers]]></category><ArticleActive>6/1/2005</ArticleActive><ArticleExpires>9/1/2008</ArticleExpires></item><item><title><![CDATA[Trading Update]]></title><link>http://kbcdev.contentactive.com/default/documents/industry releases/trading update october 2004.pdf</link><description><![CDATA[]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>10/27/2004</ArticleActive><ArticleExpires>12/31/2006</ArticleExpires></item><item><title><![CDATA[Changes in Non-Executive Directors]]></title><link>http://kbcdev.contentactive.com/default/documents/industry releases/changes in non-exec directors.pdf</link><description><![CDATA[]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>10/7/2004</ArticleActive><ArticleExpires>12/31/2006</ArticleExpires></item><item><title><![CDATA[KBC and AspenTech Settle Dispute]]></title><link>http://kbcdev.contentactive.com/default/documents/industry 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plc]]></title><link>http://kbcdev.contentactive.com/default/documents/industry releases/kbc source code announcement.pdf</link><description><![CDATA[]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>5/24/2004</ArticleActive><ArticleExpires>12/31/2006</ArticleExpires></item><item><title><![CDATA[KBC Advanced Technologies Unveils New Business Operations System]]></title><link>http://kbcdev.contentactive.com/default/documents/industry releases/profit manager ertc release.pdf</link><description><![CDATA[]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>5/17/2004</ArticleActive><ArticleExpires>12/31/2006</ArticleExpires></item><item><title><![CDATA[Announcement of US order granting injuction against Hyprotech]]></title><link>http://kbcdev.contentactive.com/default/documents/industry 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Reaction Modelling Trends]]></title><link>http://www.kbcat.com/default/documents/technical papers/Refinery Reaction Final.pdf</link><description><![CDATA[]]></description><author><![CDATA[]]></author><category><![CDATA[Technical Papers]]></category><ArticleActive>1/1/2004</ArticleActive><ArticleExpires>12/31/2006</ArticleExpires></item><item><title><![CDATA[KBC Announces Agreement with Valero Energy Corp to License Simulation ]]></title><link>http://kbcdev.contentactive.com/default/documents/industry releases/kbc-valero release.pdf</link><description><![CDATA[]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>10/23/2003</ArticleActive><ArticleExpires>12/31/2006</ArticleExpires></item><item><title><![CDATA[Trading Update]]></title><link>http://kbcdev.contentactive.com/default/documents/industry releases/trading update 20 oct 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Releases]]></category><ArticleActive>4/24/2003</ArticleActive><ArticleExpires>12/31/2006</ArticleExpires></item><item><title><![CDATA[Arbitration Decision]]></title><link>http://kbcdev.contentactive.com/default/documents/industry releases/arbitration decision 2 apr 03.pdf</link><description><![CDATA[]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>4/2/2003</ArticleActive><ArticleExpires>12/31/2006</ArticleExpires></item><item><title><![CDATA[Predicting Thermal Effects]]></title><link>http://www.kbcat.com/default/documents/technical%20papers/tp%202003/2003_Jan_Predicting%20Thermal%20Effects_Ernest%20Leuenberger,%20Jonathan%20Petrunia,%20Chang-yu%20Yu.pdf</link><description><![CDATA[]]></description><author><![CDATA[Ernest Leuenberger, Jonathan Petrunia, Chang-yu Yu]]></author><category><![CDATA[Technical 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Releases]]></category><ArticleActive>8/19/2002</ArticleActive><ArticleExpires>12/31/2006</ArticleExpires></item><item><title><![CDATA[Interim Results for the Half Year to 30 June 2002]]></title><link>http://kbcdev.contentactive.com/default/documents/industry releases/interim 2002 results.pdf</link><description><![CDATA[]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>8/19/2002</ArticleActive><ArticleExpires>12/31/2006</ArticleExpires></item><item><title><![CDATA[Refinery Energy Efficiency and Environmental Goals]]></title><link>http://www.kbcat.com/default/documents/technical papers/ptq_2_2.pdf</link><description><![CDATA[]]></description><author><![CDATA[]]></author><category><![CDATA[Technical Papers]]></category><ArticleActive>8/1/2002</ArticleActive><ArticleExpires>12/31/2006</ArticleExpires></item><item><title><![CDATA[KBC awarded Multi-site Profit Improvement Program in South 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Releases]]></category><ArticleActive>3/5/2002</ArticleActive><ArticleExpires>12/31/2006</ArticleExpires></item><item><title><![CDATA[Capital Cost Savings through Better Hydrogen Management]]></title><link>http://www.kbcat.com/default/documents/technical papers/Optimal_Hydrogen.pdf</link><description><![CDATA[]]></description><author><![CDATA[]]></author><category><![CDATA[Technical Papers]]></category><ArticleActive>3/1/2002</ArticleActive><ArticleExpires>12/31/2006</ArticleExpires></item><item><title><![CDATA[Steady State Simulator to Monitor Hydrotreater Performance]]></title><link>http://www.kbcat.com/default/documents/technical%20papers/tp%202001/2001_Spring_SteadyStateSimulatorMonitorTreater_PTQ_MikeHu.pdf</link><description><![CDATA[]]></description><author><![CDATA[Mike Hu]]></author><category><![CDATA[Technical Papers]]></category><ArticleActive>3/1/2002</ArticleActive><ArticleExpires>1/2/2009</ArticleExpires></item><item><title><![CDATA[KBC Acquires Process Consultancy Specialising In Pinch Technology]]></title><link>http://kbcdev.contentactive.com/default/documents/industry releases/linnhoff.pdf</link><description><![CDATA[]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>2/27/2002</ArticleActive><ArticleExpires>12/31/2006</ArticleExpires></item><item><title><![CDATA[KBC Advanced Technologies PLC Acquires UK Energy Economics Consultancy]]></title><link>http://kbcdev.contentactive.com/default/documents/industry releases/mediafinal.pdf</link><description><![CDATA[]]></description><author><![CDATA[]]></author><category><![CDATA[Industry Releases]]></category><ArticleActive>2/8/2002</ArticleActive><ArticleExpires>12/31/2006</ArticleExpires></item><item><title><![CDATA[Simulate Hydrotreatment of FCC LCO]]></title><link>http://www.kbcat.com/default/documents/technical papers/fcc_hydro.pdf</link><description><![CDATA[]]></description><author><![CDATA[]]></author><category><![CDATA[Technical 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