PETRONAS Selects AspenTech Asset Optimization Software
August 20 2018 - 9:00AM
Business Wire
PETRONAS Refinery Petrochemical Corporation
(PRPC) Standardizes on aspenONE® Petroleum Supply Chain Software at
the Multi-Site RAPID Project
Aspen Technology, Inc. (NASDAQ:AZPN), the asset optimization
software company, today announced that PETRONAS, Malaysia’s fully
integrated oil and gas multinational company, has selected
aspenONE® Engineering, Petroleum Supply Chain and Supply Chain
Management software solutions to pursue asset optimization and
maximize profitability at the Refinery and Petrochemical Integrated
Development (RAPID) facility in Pengerang, Johor.
RAPID and six major associated facilities that comprise the
Pengerang Integrated Complex (PIC) are PETRONAS’ largest downstream
investment in Malaysia to date. The operations of the refinery,
cracker plant and selected petrochemical facilities in PIC are
managed by PETRONAS Refinery & Petrochemical Corporation.
To achieve operational excellence via asset optimization,
PETRONAS has adopted Aspen HYSYS® Petroleum Refining, Aspen Plus®,
Aspen Polymers®, Aspen PIMS-AO, Aspen Petroleum Scheduler, Aspen
Refinery Multi-Blend Optimizer and Aspen Plant Scheduler software.
These solutions maximize margins with better troubleshooting, more
robust planning and scheduling, optimized feedstock selection and
product blends, improved response and decision-making.
According to Ir. Dr. Colin Wong Hee Huing, Senior Vice President
& Chief Executive Officer, PETRONAS Refinery &
Petrochemical Corporation, “The RAPID project will help PETRONAS
produce premium petroleum and specialty chemicals products. Demand
for such high-value products is increasing, especially in Asia
Pacific. Committed to this vision, we have selected a broad range
of asset optimization software solutions across engineering,
petroleum supply chain and supply chain management software
solutions from AspenTech to increase profitability.”
With software solutions that maximize profitability, reduce
distribution costs and optimize daily schedules, PETRONAS achieves
a sustainable competitive advantage to deliver high returns across
the entire asset lifecycle at the RAPID facility, which is expected
to be commissioned in 2019.
“We are pleased that PETRONAS has chosen to deploy aspenONE
software at the RAPID facility in pursuit of the highest standards
in operational excellence. To mitigate increasing industry
complexity, AspenTech helps customers increase profitability and
optimize return on investment across the entire asset lifecycle,”
added Dr. Filipe Soares-Pinto, Senior Vice President of Sales, Asia
Pacific, AspenTech.
Supporting Resources
- PETRONAS
- aspenONE Engineering
- aspenONE Petroleum Supply Chain
- aspenONE Supply Chain Management
About PETRONASEstablished in 1974, Petroliam Nasional
Berhad (PETRONAS) is Malaysia’s fully integrated oil and gas
multinational ranked among the largest corporations on FORTUNE
Global 500®. As the custodian for Malaysia’s national oil and gas
resources, we explore, produce and deliver energy to meet society’s
growing needs. The growing demand for energy inspires and
strengthens our purpose to steadily drive for new solutions and
push boundaries towards a sustainable energy future.
www.petronas.com
About AspenTechAspenTech 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, Aspen HYSYS Petroleum Refining, Aspen Plus, Aspen
Polymers, Aspen PIMS-AO, Aspen Petroleum Scheduler, Aspen Refinery
Multi-Blend Optimizer and Aspen Plant Scheduler are trademarks of
Aspen Technology, Inc. All rights reserved. All other trademarks
are property of their respective owners.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180820005041/en/
Aspen Technology, Inc.AspenTechGeorgina Tan, +65 6395
3913Georgina.Tan@aspentech.com
Aspen Technology (NASDAQ:AZPN)
Historical Stock Chart
From Jun 2024 to Jul 2024
Aspen Technology (NASDAQ:AZPN)
Historical Stock Chart
From Jul 2023 to Jul 2024