Systems and methods for improving petroleum fuels production

US10628750B2 · kind B2 · utility

Assignee

• Massachusetts Institute of Technology · US

Inventors

• Paul Inigo Barton · Cambridge, US
• Yu S. Yang · Pleasanton, US

Key dates

• Filing date: Nov 17, 2015
• Grant date: Apr 21, 2020
• Expiry date: Sep 4, 2038

Classification

• Technology area (CPC C): Chemistry; Metallurgy
• CPC primary: C10G2300/10
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A method for selecting one or more crude oils from a plurality of crude oils. In some embodiments, a plurality of scenarios may be generated, each scenario comprising a plurality of values corresponding, respectively, to a plurality of uncertain parameters, the plurality of uncertain parameters comprising at least one uncertain parameter relating to a quality of a crude oil of the plurality of crude oils. In some embodiments, a stochastic programming model may be solved to obtain a solution that optimizes an objective function, and one or more crude oils may be procured based on respective procurement amounts in the solution of the stochastic programming model. In some embodiments, a chance-constrained programming model may be solved to obtain a solution that optimizes an objective function, and a plurality of feedstocks may be blended into a final product based on the solution of the chance-constrained programming model.