You are currently viewing: News



12-02-2018

Emerson and AspenTech form alliance to deliver digital technologies

Emerson and AspenTech announced today they have teamed up to deliver asset optimisation software solutions along with global automation technologies and operational consulting services. Together, the two industry leaders will help customers optimise production and drive operational excellence.
 
AspenTech’s broad suite of asset optimisation software creates value across all phases of the asset lifecycle – design, operate and maintain – in capital-intensive and complex projects and operations, supporting Emerson’s Project Certainty and Operational Certainty initiatives. Emerson’s global footprint, automation engineering services and software, extensive large-scale project execution and consulting capabilities complement AspenTech’s technology footprint. Collectively, these capabilities can be deployed as solutions in both conventional and cloud-based architectures.
 
“Emerson and AspenTech are both highly focused on digital technologies and services that deliver measurable improvements and value to our customers’ bottom line,” says David N. Farr, chairman and CEO of Emerson. “Together, we are well positioned to help our customers navigate the best path in this era of digital transformation and achieve Top Quartile performance.” Top Quartile is defined as achieving operations and capital performance in the top 25 percent of peer companies.
 
The alliance will initially focus on three key areas: engineering software, including high-fidelity simulation to help validate project design and train operators before start-up; manufacturing and supply chain software, including advanced process control software designed for highly complex operations; and asset performance management software to improve plant reliability.
 
“Working with Emerson, we will help more organisations drive higher total shareholder returns with a relentless focus on operational excellence,” says Antonio Pietri, president and CEO of AspenTech. “We look forward to helping make the best companies even better by optimising the design, operation and maintenance lifecycle with software and insight to run assets faster, safer, longer and greener.”
 
Together, the two companies will provide holistic optimisation strategies that rely on real-time data, advanced analytics enabled by machine learning, and rich process knowledge to bring measurable business improvements in production, as well as in the areas of reliability, safety and energy management.
Sponsor : 

Other News Items

Total, Borealis and NOVA Chemicals to form a petrochemicals JV

Total S.A, Borealis AG and NOVA Chemicals Corporation today announced that affiliates of the three companies have signed definitive agreements to form a joint venture ...

19-02-2018

Grand Bahama to build oil refinery and storage facility

The Bahamas Prime Minister Dr. Hubert Minnis has announced that his government has approved Oban Energies to commence an oil refinery and oil storage facility in Grand ...

17-02-2018

Mammoet awarded contract for Africa’s biggest oil refinery

During a signing ceremony in Lagos on Tuesday, January 16, the Dangote Group of Companies and Mammoet signed the contract for this ambitious project. The new multi-billion-dollar ...

16-02-2018

Saipem receive Duqm refinery E&C contract

Saipem has been awarded a new contract in the onshore E&C sector worth approximately USD 750 million. Work involves engineering, procurement, construction and commissioning ...

15-02-2018

CB&I awarded ethylene plant contract

CB&I today announced it has been awarded a contract valued in excess of $95 million by Samsung Engineering (Thailand) Co. Ltd. for a brownfield ethylene plant at ...

15-02-2018

Emerson and AspenTech form alliance to deliver digital technologies

Emerson and AspenTech announced today they have teamed up to deliver asset optimisation software solutions along with global automation technologies and operational consulting ...

12-02-2018

Exploring future opportunities and challenges for tank terminal operators

The challenges and opportunities faced by tank terminals are changing. The Internet of Things (IoT) and Industry 4.0 (I4.0) offer new ways to increase efficiency and ...

09-02-2018

IIoT and Digital Solutions for Oil & Gas conference gears up for 2nd edition

The Annual IIoT and Digital Solutions for Oil & Gas conference, the international platform for Oil & Gas upstream and downstream producers, EPCs, OFS’ and ...

08-02-2018

Moscow to host worlds largest Petrochemical Conference dedicated to the CIS region

In 2018, Moscow is once again set to host the sixth international CIS Petrochemicals conference which will take place on 11 - 13 April in Four Seasons Hotel.  Over ...

08-02-2018

CB&I awarded contract for ADNOC refining crude flexibility project

CB&I today announced it has received a letter of award from Abu Dhabi National Oil Company (ADNOC), the national oil company of United Arab Emirates (UAE) and the ...

08-02-2018