Borealis Selects Aspen Mtell® Prescriptive Maintenance Software to Improve Reliability at Polyethylene Production Site in Sw...
April 25 2018 - 4:10PM
Business Wire
Aspen Technology, Inc. (NASDAQ: AZPN), the asset optimization
software company, today announced that Borealis, a leading provider
of innovative solutions in the fields of polyolefins, base
chemicals and fertilizers, has selected Aspen Mtell® software. The
scope of the first rollout is their production site in Stenungsund,
Sweden.
Aspen Mtell is part of the aspenONE® Asset Performance
Management (APM) software suite combining big data, machine
learning and process knowledge expertise to maximize performance
across the design, operations and maintenance asset lifecycle.
Aspen Mtell mines historical and real-time operational and
maintenance data to discover the precise failure signatures that
precede asset degradation and breakdowns, predict future failures
and prescribe detailed actions to mitigate or solve problems.
The company’s selection of Aspen Mtell was based on its
successful performance in a competitive predictive maintenance
“proof of concept” project for a business-critical compressor on
site. Predictive maintenance is a key initiative for Borealis and
this initial project effectively demonstrated the tangible benefit
of automating such data analysis and knowledge work. The decision
to move forward with Aspen Mtell was further supported by the
demonstrated rapid speed of deployment, accurate early detection of
asset degradation and ability to scale the solution
system-wide.
Through asset performance management — enabled by a blend of
historical and real-time process, asset and enterprise data —
organizations can transform asset maintenance into optimum
reliability, extending the life of assets and maximizing the return
on capital employed.
Supporting Quotes
Martijn van Koten, Executive Vice President Operations,
Borealis
“Borealis has embarked on a digital journey and the ability to
bring transparency to all our operating processes is a priority for
us. Aspen Mtell predictive maintenance software’s ease of
implementation will allow us to develop data analytics, including
pattern recognition and early anomaly detection, in all operating
functions, leading to increased performance in safety, quality,
reliability and overall improved performance in manufacturing. With
significantly earlier warning of asset degradation provided by
Aspen Mtell software, we will have the time to work collaboratively
to mitigate the losses of unplanned downtime and to minimize
disruptions to our customers.”
Antonio Pietri, President and Chief Executive Officer,
AspenTech
“Borealis’ implementation of Aspen Mtell builds on its
investment in AspenTech advanced solutions to support its overall
digital strategy. These technologies intelligently extract
knowledge and value from the multiple large data sources available
to end users in order to drive asset optimization. Adding Aspen
Mtell will give Borealis predictive and prescriptive maintenance
capabilities that will drive optimum reliability, extending the
life of assets and maximizing the return on capital.”
Supporting Resources
- Borealis
- aspenONE V10 Software
- Aspen Mtell
About Borealis
Borealis is a leading provider of innovative solutions in the
fields of polyolefins, base chemicals and fertilizers. With its
head office in Vienna, Austria, the company currently has around
6,600 employees and operates in over 120 countries. Borealis
generated EUR 7.5 billion in sales revenue and a net profit of EUR
1,095 million in 2017. Mubadala, through its holding company, owns
64% of the company, with the remaining 36% belonging to
Austria-based OMV, an integrated, international oil and gas
company. Borealis provides services and products to customers
around the world in collaboration with Borouge, a joint venture
with the Abu Dhabi National Oil Company (ADNOC).
www.borealisgroup.com
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.
© 2018 Aspen Technology, Inc. AspenTech, aspenONE, the Aspen
leaf logo, and Aspen Mtell are trademarks of Aspen Technology, Inc.
All rights reserved. All other trademarks are property of their
respective owners.
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version on businesswire.com: https://www.businesswire.com/news/home/20180425006161/en/
Aspen Technology, Inc.AspenTechTony Mays, +44 (118) 92
26510tony.mays@aspentech.com
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