St1 Refinery Deploys AspenTech Solutions to Support Digital Transformation and Carbon Neutrality Goals
May 03 2022 - 9:00AM
Business Wire
AspenTech Helps Enable European Refinery’s
Progressive Approach to Reduce Emissions and Meet Sustainability
Targets
Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in asset
optimization software, today announced that it has expanded its 12
year partnership with St1 Refinery AB, part of St1 Nordic Oy Group.
The refinery, situated in Gothenburg, Sweden, is deploying
AspenTech solutions to provide a vertically integrated set of
production optimization solutions - from operational planning to
real time control of critical equipment. This will allow an
increase in operating margins while improving energy efficiency and
thereby reducing CO2 emissions.
St1 produces and invests in sustainable energy production in
various areas, together with investments in energy transition of
its traditional refinery. It has a long term advanced renewable
fuels strategy which includes biorefineries, one is currently under
construction at the Gothenburg refinery. A long-term user of
AspenTech's Planning & Scheduling solutions, St1 recently
migrated to Aspen Unified PIMS and have now agreed to extend the
partnership with the deployment of AspenTech’s advanced process
control software Aspen DMC3™ and its dynamic optimization software,
Aspen GDOT™, across the Gothenburg site.
Miika Eerola, Managing Director, St1 Refinery commented: “It is
important that our refinery continues modernizing to maintain a
positive long-term future and provide opportunity for the next
generation. Our collaboration with AspenTech enables improvements
across many critical elements in our renewables strategy, including
equipment efficiencies resulting in less energy; hydrogen
optimization including future biogas feedstock; and refinery
optimization to maximize benefits with fuels production.”
“St1 Refinery’s investment in advanced renewable fuels and
biorefining puts them at the forefront of an industry driving a
more sustainable future. We are delighted to be a key part of their
strategy to meet emission targets, building on our partnership
established over a decade ago,” said John Hague, Executive Vice
President of Operations at Aspen Technology.
With a combination of AspenTech’s production optimization and
performance engineering solutions in place, St1 Refinery is
equipped with data and solutions to make quicker, more accurate
decisions that help them achieve their profitability goals while
moving them significantly along the path on their energy transition
journey.
St1 Nordic Oy is an energy group whose vision is to be
the leading producer and seller of CO2-aware energy. The Group
researches and develops economically viable, environmentally
sustainable energy solutions. St1 focuses on fuels marketing
activities, oil refining and renewable energy solutions such as
waste-based advanced biofuels and industrial wind power. The Group
has 1290 St1 and Shell branded retail stations and gas filling
points in Finland, Sweden and Norway. Headquartered in Helsinki,
St1 employs currently more than 1200 people. www.st1.com
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.
© 2022 Aspen Technology, Inc. AspenTech, the Aspen leaf logo,
Aspen DMC3, Aspen GDOT, and Aspen Unified PIMS are trademarks of
Aspen Technology, Inc. All rights reserved.
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version on businesswire.com: https://www.businesswire.com/news/home/20220503005203/en/
Kate Jones AspenTech +44 (118) 92 26510
kate.jones@aspentech.com
Miika Eerola Managing Director St1 Refinery AB +46 31 744 6300
miika.eerola@st1.com
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