Bluestar Signs Strategic Framework Co-operation Agreement with AspenTech to Broaden Deployment of AspenTech Software for Proc...
October 28 2018 - 9:00PM
Business Wire
One of China’s Most Successful Chemical
Companies Increases Usage of AspenTech’s Asset Optimization
Software
Aspen Technology, Inc. (NASDAQ:AZPN), the asset optimization
software company, today announced that China National Bluestar
(Group) Co. Ltd. and AspenTech have signed a strategic framework
cooperation agreement to broaden the deployment of AspenTech’s
Aspen Plus® software for process simulation and Aspen DMCplus®
software for advanced process control company-wide. The deployment
will enable Bluestar to achieve operational excellence through
optimization across the asset lifecycle.
Aspen Plus® software enables chemical plants to maximize profits
using a plant-wide simulation solution that combines unparalleled
accuracy and engineering collaboration with time-saving workflows.
Aspen DMCplus® software helps companies increase production, reduce
energy usage and improve yields to maximize profitability.
According to Michael Koenig, Chief Executive Officer of
Bluestar, “Bluestar has decided to broaden the deployment of
AspenTech’s Aspen Plus® software for process simulation and Aspen
DMCplus® software for advanced process control. In order to achieve
operational excellence through asset optimization company-wide,
Bluestar will recommend the usage of AspenTech’s process simulation
and advanced process control software to Bluestar’s subsidiaries
and parent company, ChemChina.”
“Bluestar has made a strategic and prudent decision to deploy
AspenTech’s asset optimization software company-wide. By achieving
operational excellence, chemical companies can increase cost
competitiveness and manufacturing excellence. AspenTech looks
forward to partnering with Bluestar and ChemChina, as both
companies make strategic investments to transform digitally,” added
Antonio Pietri, President and Chief Executive Officer,
AspenTech.
Supporting Resources
- China National Bluestar (Group) Co,
Ltd.
- China National Chemical Corporation
(ChemChina)
- Aspen Plus®
- aspenONE® Advanced Process Control
About Bluestar
China National Bluestar (Group) Co., Ltd. is a world leading
company in chemical materials and specialty chemicals. Bluestar has
seen phenomenal growth since its inception due to a background of
strong innovation, corporate mergers and acquisitions. Today,
Bluestar is one of the most successful chemical companies in China
with 58 production bases, 69 research institutes, four overseas
subsidiaries and three listed companies. The company’s products are
available across 200 countries and regions. Bluestar is a strategic
business unit under China National Chemical Corporation with
material science, life science and environment science as principal
businesses.
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, Aspen Plus and Aspen DMCplus are trademarks of Aspen
Technology, Inc. All rights reserved.
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version on businesswire.com: https://www.businesswire.com/news/home/20181028005001/en/
Aspen Technology, Inc.AspenTechGeorgina Tan, +65 6395
3913Georgina.Tan@aspentech.com
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