Dangote Refinery Standardizes on Aspen PIMS-AO™ Software to Optimize the Design & Operate Asset Lifecycle
November 06 2017 - 9:00AM
Business Wire
Aspen Technology, Inc. (NASDAQ: AZPN), the asset optimization
software company, today announced that the Dangote Group, the
largest conglomerate in West Africa and one of the largest on the
African continent, has selected Aspen PIMS-AO™ software after
careful evaluation of competitors’ refinery optimization solutions
for economic and operational planning.
Aspen PIMS-AO is the leading optimization engine in the
industry. By standardizing on a best-in-class solution that leading
refineries and olefins plants around the world use for feedstock
selection, product slate optimization and production planning,
Dangote further enhances its global presence as the organization
builds the world’s largest single train refinery, the 650,000
bbl./day Dangote Oil Refinery. The refinery will also house the
world’s largest urea plant with a capacity of 3 million tons per
annum, in addition to a polyethylene plant and gas processing
facilities for 3 billion SCF per day of natural gas transported
through 1,100 kilometers of subsea pipeline infrastructure built by
the Dangote Group.
Aspen PIMS-AO software is part of the aspenONE® suite of
products that streamline downstream refining workflows to bridge
the gap between planning and scheduling, create optimal production
plans quickly and evaluate more scenarios to enable better
decision-making. AspenTech has partnered with leading energy
companies worldwide to develop a proprietary solving algorithm that
ensures accurate results. PIMS-AO also offers nonlinear models
which improve accuracy in refining reactors and olefins (pyrolysis)
furnaces.
Supporting Quotes
Srinivas Rachakonda, Director Business Strategy &
Optimization, Dangote Group“We use Aspen PIMS-AO as a key strategic
decision support system technology in the selection of refinery
configuration, critical design and expansion studies for the
Dangote Refinery. The technology is used to report refining
economics as well as to determine product slate and feedstock
selection. PIMS-AO reasonably avoids occurrence of local optima,
and we are pleased with AspenTech technical support. The
partnership will continue after commissioning in 2019, when Aspen
PIMS-AO will be used for all refinery planning and optimization,
including feedstock selection, product slate optimization and
production planning.”
Zafar Ali, Senior Director, Product Management,
AspenTech“AspenTech gives customers as much information as possible
in the decision-making process to help them hedge business risk in
light of volatile prices, demand and operational reliability. Aspen
PIMS-AO, with its proprietary optimization engine, offers
industry-leading solution quality and robustness, advanced solution
tools, including ranging analysis, parametric analysis and
feedstock basket reduction that empowers faster analysis of a wide
range of data to ensure optimal profitability.”
Supporting Resources
- Dangote Group
- aspenONE V10 Software
- Aspen PIMS-AO
About AspenTech
AspenTech is a leading software supplier for optimizing asset
performance. Our products thrive in complex, industrial
environments where it is critical to optimize the asset design,
operation and maintenance lifecycle. AspenTech uniquely combines
decades of process modeling expertise with big data
machine-learning. Our purpose-built software platform automates
knowledge work and builds sustainable competitive advantage by
delivering high returns over the entire asset lifecycle. As a
result, companies in capital-intensive industries can maximize
uptime and push the limits of performance, running their assets
faster, safer, longer and greener. Visit AspenTech.com to find out
more.
© 2017 Aspen Technology, Inc. AspenTech, aspenONE, the Aspen
leaf logo, Aspen PIMS-AO and OPTIMIZE are trademarks of Aspen
Technology, Inc. All rights reserved. All other trademarks are
property of their respective owners.
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AspenTechAmanda McCarthy, +1
781-221-6806amanda.mccarthy@aspentech.com
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