Smart Refinery Technology Blockchain is Innovative Technical Solutions and Equipment for The Production of Automobile Fuels

Published in

The Startup

7 min readOct 23, 2018

Oil refinery is factories / industrial facilities that process crude oil into petroleum products that can be directly used or other products that become raw materials for the petrochemical industry. The main products produced from oil refinery are naphtha oil, gasoline (gasoline), diesel fuel, kerosene, and LPG. Oil refinery is very complex industrial facilities with various types of process equipment and supporting facilities. The existence of an oil refinery is needed in an industry because an oil refinery is a place for processing fuel. In our daily lives, we always need fuel. For example, when driving a car we need fuel, when cooking we need gas, etc.

Oil trading is a very large market in the world. Many oil companies set up refineries in various countries to process crude oil into fuel. At present oil refineries have used complex technology to increase their production. On the other hand, there are still many problems in terms of oil trade and problems in the oil refinery itself. These problems are like high fuel prices because of the complexity of logistics to areas with a lack of refinery capacity. Environmental pollution in developing countries due to low ecological standards in the oil refinery industry. There is no safe oil exchange for small and medium volume fuels. It’s impossible to pay for fuel in charging with cryptocurrency. Of the issues above the Smart Refinery Technologies Group Company has a mission to resolve the issue. But … wait! Do you know the company?

Smart Refinery Technologies Group Company (Company, SRT Group) is the initiator of the project for the creation of an industrial blockchain platform for the motor fuel industry, as well as the formation of a global network of small tonnage oil refineries on its basis, and on the basis of innovative proprietary design oil refining equipment. PROBLEMS TO BE SOLVED some problems about refinery that currently often occur are:

High fuel prices, high fuel prices are a classic problem. Various factors are the cause of the high oil prices such as increasing oil demand and not being matched by sufficient supply. Low refinery capacity is also a factor in the lack of oil supply in the world. From this problem, the solution is to create a decentralized network from the manufacture of small oil refineries with the organization’s fast time and commissioning of Smart Refinery facilities.

Environmental pollution, in an environmental pollution industry, is indeed a serious problem if it is not addressed properly. Most in developing countries environmental pollution from refineries often occurs due to low ecological standards. Environmental pollution that continues to be left will cause health hazards if left unchecked. The solution is Eco-friendly EURO-5 fuel production ecological class based on module manufacturing from the SRT Group

The absence of a convenient oil exchange for small and medium volumes of fuel A high expansion of oil traders when they try to find the right set of oil products, complicated calculation schemes and a high risk of controversy. The solution is a decentralized Blockchain-based oil exchange. KYC traders on the blockchain, clearing based smart contracts. AI system to help traders, SRT token commission payments.

Impossibility to pay fuel at a gas station with cryptocurrency looks difficult to implement because currently it may not be widely applied worldwide. But calm down. with SRT international fuel card issuance with the option to get up to 20% discount and pay for refueling either with paper money or with cryptocurrency

WHAT IS SMART REFINERY MODULE? Here is an example of a picture of a smart refinery module and a brief description of a smart refinery module that might add to your understanding.

CATALYTIC ISOMERIZATION OF GASOLINE. Ensures production of marketable high-octane gasoline from straight-run gasoline.

The unit is designed to produce gasoline with octane numbers of 90÷92 and above, with the quality not lower than Euro-5. This is all from front-end gasoline fractions of oil and gas condensate, low-octane and high-sulfur.

CATALYTIC DIESEL FUEL PARAFFIN REMOVAL. Ensures production of marketable high-octane gasoline from straight-run gasoline.

Produces Arctic diesel fuel from summer diesel. Lowers the freezing point to -55C. From the modules using the principle of Lego construction set, small tonnage refineries are built with an annual capacity of 10,000 to 100,000 tons of processed raw materials. Also, individual modules can be introduced into the infrastructure of existing mini oil refineries with a capacity of up to 1 million tons per year of processed raw materials, for their modernization.

How does SRT group solve oil refining problems?

SRT Group accommodates small refineries into blockchain global information networks to generate revenue from existing refineries around the world. The creation of this new business model can improve the economic efficiency of users of this platform. This can be achieved by automating business processes, reducing transaction costs and ensuring data transparency

The company has developed technology processes and equipment based on new generation zeolite catalysts. The proposed equipment increases the efficiency of small refineries by increasing the depth of oil refining and improving the quality of products — diesel and gasoline. Special equipment rental models with payment of license fees for the actual volume of raw material processing will be used to ensure the development of oil refinery networks based on SRT Group technology and equipment. Calculation of blockchain platform participants is done using SRT coins. The SRT blockchain platform will provide convenient tools and templates for making smart contracts, automatic data collection and inter-company transactions.

This solution will help solve problems such as logistics complexity and high fuel prices in remote areas far from major oil refineries, solve problems regarding poor quality oil products in small refineries and improve the difficulty of licensing administrative payments between companies.

Smart Fuel Card

SRT group plans to make a Smart Fuel Card that allows users to pay for fuel at gas stations using fiat or cryptocurrency money. If this plan runs then this strategy is very good for cryptocurrency users and can keep the cryptocurrency value stable. Benefits for SRT coin holders if they pay using Smart Fuel Card they will get a payment procedure that is easy and fast.

ARCHITECTURE OF SMART REFINERY TECHNOLOGIES BLOCKCHAIN PLATFORM