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Samsung Total licenses Barracuda

March 2, 2011

PRESS RELEASE

FOR IMMEDIATE RELEASE

Samsung Total Petrochemicals Licenses CPFD Software’s Innovative Barracuda Software Package for Modeling Fluidized Systems for Petrochemical Manufacturing

Albuquerque, NM, USA, and Daesan, Korea.
March 2, 2011

CPFD Software LLC, the creators of the Barracuda® simulation package for particle-fluid systems, today announced their first commercial client in Korea.  Samsung Total Petrochemicals (STC) has agreed to license CPFD Software’s Barracuda package for modeling processes for polyolefin manufacturing and related applications. 

Barracuda is used by major oil & gas, chemical, petrochemical, and power equipment manufacturers for simulating, understanding, and optimizing the operation of fluidized systems. Common applications are FCC (fluidized catalytic cracking) reactors and regenerators, fluidized bed reactors (FBRs) for chemical manufacturing, CFB (circulating fluidized bed) boilers in coal-fired power plants, both coal and biomass gasifiers and chemical looping combustion (CLC) units, and fluidized bed reactors for polysilicon production (both TCS hydrogenation reactors and silicon deposition reactors).

Four users from STC attended technical training in Albuquerque, NM, USA, in late January and are already applying Barracuda for understanding and optimizing of their own polyolefin manufacturing processes.   “Our recent Barracuda training and technical discussions were outstanding,” said Dr. Sang Joon Oh, Process Development Team/General Manager.  “It was very helpful for us to understand how much we can do and how to do it by using Barracuda.  We were also very impressed by the passion and capability displayed by the CPFD Software staff.”  Scott Thibault, Vice President of Sales & Marketing at CPFD Software, added “We have rarely worked with such a dynamic and hard-working group as recently visited us from Samsung Total.  We believe they will quickly make excellent use of our technology to improve many of their key processes.  We are thrilled to have Samsung Total Petrochemicals as a client and hope work with them for many years to come.”

CPFD Software has only recently entered the market in Korea, which has one of the largest and most dynamic economies in Asia.  Korea is expected to be is a very promising market for Barracuda, which has applications in several key industries, particularly in refining and petrochemicals.  Other commercial companies, including other divisions of Samsung, are already evaluating Barracuda as well.  Total S.A. (Solaize, France) is already a licensee.

Financial details of the agreement were not disclosed.

About Samsung Total Petrochemicals:  Samsung Total Petrochemicals is a joint venture between Samsung General Chemicals and the Total Group (France).  STC operates a large petrochemical complex, consisting of 13 separate plants, at Daesan, in Korea’s Chungnam Province. Output ranges from olefins to polyolefins (polypropylene, polyethylene, etc.), base petrochemicals (styrene monomer, etc.), byproduct fuels, solvents and other downstream petrochemicals used in everyday life.

About CPFD Software: CPFD Software LLC is an Albuquerque-based company specializing in solving particle-gas and particle-liquid problems for the power, oil & gas, petrochemical, and chemical industries. Their Barracuda® software provides accurate simulations of lab-scale, pilot plant, and full-scale reacting bed flows with full thermodynamics and chemistry.

END

For more information, contact:

CPFD-Software, LLC
Phone: (505) 275-3849
Email: info@cpfd-software.com
Web: www.cpfd-software.com

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