IRPC Selects AspenTech Prescriptive Maintenance Software to Mitigate Unplanned Downtime
January 23 2019 - 4:10PM
Business Wire
Southeast Asia’s Integrated Petrochemical
Pioneer to Deploy Aspen Mtell® Software as it moves to Industry
4.0
Aspen Technology, Inc. (NASDAQ:AZPN), the asset optimization™
software company, today announced that Southeast Asia’s integrated
petrochemical pioneer, IRPC PLC, has selected Aspen Mtell software
for its refinery and petrochemical plants in Rayong Province in
Thailand. With the planned deployment of Aspen Mtell asset
performance management software, IRPC can improve equipment
reliability, mitigate unplanned downtime, achieve operational
excellence and increase profitability.
Aspen Mtell is low-touch machine learning software that delivers
early, accurate warnings of degradation and impending asset
failures. Autonomous agents in the Aspen Mtell software
automatically detect patterns in data, while simultaneously
prescribing actions to avoid problems or reduce adverse
consequences. Aspen Mtell software is part of the aspenONE® Asset
Performance Management (APM) software suite that combines machine
learning, advanced analytics and process knowledge expertise to
maximize performance across the entire asset lifecycle.
IRPC operates a fully integrated petrochemical complex with
facilities to support the business such as a deep sea port, tank
farm and power plant. IRPC selected Aspen Mtell software to
increase plant reliability and reduce maintenance cost. Other
factors driving the decision include ease of deployment; accurate,
early detection of asset failures; prevention of false alarms; and
the ability to scale across the industrial zone. With the
deployment of Aspen Mtell software, IRPC is adopting Industry 4.0
predictive and prescriptive maintenance best practices. Built
around three elements – Growth, Digital and People, IRPC’s 4.0
strategy is expected to transform the company into a petrochemical
leader in digital integration and innovation by 2020.
“IRPC, a leader in the capital-intensive industry, selected
Aspen Mtell software to ensure that critical equipment is available
on demand, helping the company achieve operational excellence. With
increasing market complexity, petrochemical companies will be
well-positioned to compete in the global economy by adopting
AspenTech’s prescriptive maintenance software,” said Dr. Filipe
Soares-Pinto, Senior Vice President, Growth Markets, AspenTech.
Supporting Resources
- IRPC
- aspenONE Asset Performance Management
(APM)
- Aspen Mtell
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.
About IRPCIRPC Public Company Limited (IRPC) operates a
fully integrated petrochemical complex with utilities like port,
depots and power plant. IRPC supplies the refinery and
petrochemical products to fulfill the consumers’ needs and
satisfactions in modern days. IRPC aims to grow sustainably while
caring for the society, the people and the environment.
© 2019 Aspen Technology, Inc. AspenTech, aspenONE, the Aspen
leaf logo, Aspen and Aspen Mtell are trademarks of Aspen
Technology, Inc. All rights reserved.
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Aspen Technology, Inc.Georgina TanAspenTech+65 6395
3913Georgina.Tan@aspentech.com
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