Optimizing Iron Ore Agglomeration Plant Performance - Outotec's Solutions for Plant Monitoring and Sustainable Operation
The decline in iron ore grades and the need to diversify the raw material basis for economical plant operation are increasing the need to operate plants at maximum efficiency. Outotec provides reliable solutions to monitor plant performance and increase the transparency of operations. This is particularly important when adjusting plant operation in order to address the impact of changing feed materials.
Outotec identified strong fluctuations in the consumption of oil, gas, and electricity during the operation of some iron ore pellet plants. The reason for these fluctuations, which can lead to increased overall operating costs, can at least partly be explained by the plant operator’s performance. Outotec has combined its process know-how and experience in plant design with experimental test work in its own R&D centers to develop advisory tools that help customers to run their plants more efficiently. Outotec’s latest development, Outotec Optimus, provides guidance for pellet plant operators that reduces the time needed to make the required adjustments in case of changing process parameters.
The initial results indicate a high potential for significant fuel and electrical energy savings in the operation of such plants. Considering the production rates of modern pelletizing plants, this is a huge step toward more sustainable production of iron ore pellets. With the Outotec Optimus tool it is much easier for operators to run the plant at the optimal operating point. Clear and understandable graphical displays indicate the optimal plant operation mode based on real-time measurements.
Furthermore, the modeling, simulation, and monitoring capabilities can be used to improve the operation and maintenance support that Outotec provides to its customers. Outotec has recently been awarded contracts for the operation and maintenance of ferrous agglomeration plants and is the preferred partner for numerous operators worldwide. Outotec’s solutions range from advisory services and optimal spare part management to full operation and maintenance support.
Trader's Edge: Copper Options on the Rise
Watch the first video in a series of special Trader's Edge reports focusing on the metals options markets.
Copper is the second most liquid metal futures contract at CME Group. Given its role in the world economy, traders watch Copper for signs of economic health. In the wake of recent market moves, Copper options volume is growing dramatically at CME Group: Bid-offer spreads are narrowing, Depth of book is improving, ADV up less than 200 contracts to nearly 1,500 contracts a day and Open interest has surpassed 24,000 contracts. Watch the video today!