Ecopetrol Extends Investment in Aspen Technology Solutions to Accelerate Digital Transformation Initiatives
March 18 2021 - 8:30AM
Business Wire
Colombia’s Largest Petroleum Company Deploys
Aspen GDOT Software to Optimize Margin in Cartagena and
Barrancabermeja Refineries
Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in asset
optimization software, today announced that Ecopetrol, the largest
petroleum company in Colombia, has selected Aspen GDOT™ dynamic
optimization software as part of its digitalization initiative to
improve refining margins at its two refineries in Cartagena and
Barrancabermeja, and upgrading to Aspen DMC3™ advanced process
control software in Barrancabermeja refinery.
“Optimizing production and increasing margins in today’s
downstream business environment requires digital technology that
enables refineries to see the entire process and make adjustments
based on real-time data,” said Francisco Trespalacios Vergara,
digital downstream champion at Ecopetrol. “This combination of
AspenTech solutions gives us unparalleled visibility and control so
that we can respond to changes in market conditions and align our
planning, optimization and control strategies at our Cartagena and
Barrancabermeja facilities with our global models. These solutions
also fit in with our corporate digitalization initiative that we
call ‘Best of the Best,’ which is an effort to deploy the ideal
technology solutions to meet our needs across the
organization.”
Aspen GDOT and Aspen DMC3 join other AspenTech solutions
currently used by Ecopetrol, including Aspen PIMS-AO™ for planning,
aspenONE® Engineering for process optimization, Aspen Petroleum
Scheduler™ and Aspen Refinery Multi-Blend Optimizer™ for
scheduling, and Aspen Operations Reconciliation and Accounting™ for
mass balance reconciliation. With Aspen GDOT, Ecopetrol aims to
improve performance and margin by closed-loop coordination of
multiple refining units in real time. Ecopetrol will use Aspen DMC3
to sustain optimal performance with adaptive process control
technology that enables simultaneous process optimization,
background model maintenance and testing.
“Ecopetrol is applying a truly innovative, state-of-the-art
approach to production optimization and closing the gap between
planning, scheduling and operations,” said Alex Muro, Vice
President of Regional Sales for Latin America at Aspen Technology.
“These solutions will give these Ecopetrol facilities the agility
and operational flexibility they need to adapt to customer demands
and will allow Ecopetrol to achieve greater time to value by
integrating with the AspenTech software already in place.”
Supporting Resources
- Aspen GDOT™
- Aspen DMC3™
- Aspen PIMS-AO™
- aspenONE® Engineering
- Industrial AI
About Aspen Technology
Aspen Technology (AspenTech) is a global leader in asset
optimization software. Its solutions address complex, industrial
environments where it is critical to optimize the asset design,
operation and maintenance lifecycle. AspenTech uniquely combines
decades of process modelling expertise with artificial
intelligence. Its 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 and faster. Visit AspenTech.com to find out
more.
© 2021 Aspen Technology, Inc. AspenTech,, the Aspen leaf logo,
Aspen GDOT™, Aspen DMC3™, Aspen PIMS-AO™ and aspenONE® are
trademarks of Aspen Technology, Inc.
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version on businesswire.com: https://www.businesswire.com/news/home/20210318005213/en/
Aspen Technology, Inc. Andy Rodger + 1 781-221-4252
Andy.Rodger@AspenTech.com
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