Rompetrol Accelerates Digital Transformation Strategy with Aspen Technology Software
April 24 2019 - 6:00PM
Business Wire
Targets Significant Reduction in Unplanned
Downtime and Maintenance Costs with Advanced Data Analytics
Aspen Technology, Inc. (NASDAQ: AZPN), the asset
optimization™ software company, today announced that Rompetrol
Rafinare, a KMG International Group member and the largest refinery
company in Romania, has purchased Aspen Mtell® software and Aspen
Fidelis Reliability® software licenses from the aspenONE® Asset
Performance Management (APM) software suite as an integral part of
its digital transformation strategy.
AspenTech’s solutions will be instrumental in improving
production uptime and reducing maintenance costs as part of
Rompetrol’s digital strategy focusing on improving the reliability
and availability of its assets. AspenTech products, including Aspen
Mtell and Aspen Fidelis Reliability, allow Rompetrol not only to
detect plant failures in advance, but also to understand their
financial impact, allowing for improved asset planning and enhanced
operational decisions.
Yedil Utekov, general manager of Rompetrol Rafinare stated: “Our
goal is to achieve ‘one view’ of our refinery operations to bring
greater operational efficiency and value. Working with AspenTech we
are able to identify failures significantly earlier, reducing
equipment damage and unplanned process downtime.”
Identifying weak links in reliability, maintainability and
availability will help the business to compete effectively, while
prioritizing further improvement initiatives and complying with
regulations such as IMO2020 which comes into effect January 1, 2020
and calls for a 0.50% global sulfur cap for marine fuel
content.
Utekov added: “AspenTech’s experience in our industry, coupled
with the fact that its product portfolio represents one of the
broadest footprints of asset optimization solutions in the market,
allows us to take this step forward in our digitalization strategy.
AspenTech’s APM suite gives us improved asset availability and its
advanced process control solution gives us better utilization. We
will be able to plan, intervene and save significant production
time each year. That combination equates to top line and bottom
line improvements for our business.”
John Hague, senior vice president and general manager, Aspen
Technology’s APM Business Unit explained: “Initially Rompetrol was
concerned its plant was not adequately instrumented to take best
advantage of Aspen Mtell’s machine learning capabilities. This
common misconception often arises from previous third-party
experience. The reality is that Aspen Mtell demonstrated strong,
accurate signatures right from the outset with relatively limited
instrumentation. In fact, AspenTech has given Rompetrol a tool that
can deliver immediate value, while providing a guide to the correct
instrumentation needs and avoiding unnecessary implementation
expense.”
Hague continued: “Improving data integrity means the refinery
team can now automate its previous efforts with dramatically
improved capabilities for reliably recognizing important patterns
in operating data. We expect that improvement in analysis will
achieve a reduction in maintenance costs, enable them to
significantly mitigate production losses and minimize disruptions
to its customers.”
Aspen Mtell and Aspen Fidelis Reliability are 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 and anomaly signatures that precede asset degradation and
breakdowns, predict future failures and prescribe detailed actions
to mitigate or solve problems. Aspen Fidelis Reliability is a
reliability management solution that is uniquely designed to take
process flows into account, and the impacts of failures and repairs
on overall plant performance and revenues.
Supporting Resources
- Rompetrol
- aspenONE V11 Software
- aspenONE V11 Software Aspen
Mtell
- Aspen Fidelis Reliability
About Aspen TechnologyAspen Technology (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 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 safer, greener, longer, faster. Visit
AspenTech.com to find out more.
© 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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version on businesswire.com: https://www.businesswire.com/news/home/20190424006135/en/
Aspen Technology, Inc.Kate JonesAspenTech+44 (118) 92
26510kate.jones@aspentech.com
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