JG Summit Olefins Corporation Selects Aspen Technology to Advance Operational Excellence
August 16 2022 - 9:00AM
Business Wire
Largest Publicly Held Petrochemicals Company in
the Philippines Unlocks Untapped Value in Production Optimization
with AspenTech Solutions
Aspen Technology, Inc. (NASDAQ: AZPN), a global leader in
industrial software, today announced that the largest
petrochemicals company in the Philippines, JG Summit Olefins
Corporation (JGSOC), is advancing its journey toward operational
excellence by unlocking untapped value in production optimization.
This planned deployment with Aspen Unified PIMS™ supports the
company’s innovation-driven vision and is projected to boost
operating margin by optimizing feedstock selection at the crackers.
The JGSOC expansion project is a step toward further
diversification of the local petrochemical and chemical industries
and is envisioned to strengthen the industrial value chain linkages
for the manufacturing sector.
Samuel Co Chan, Vice-President for Supply Trading and Product
Optimization, JG Summit Olefins Group, said: “AspenTech’s distinct
and transparent solutions align with JGSOC’s pursuit of operational
excellence by deploying the best and most efficient technologies.
As the leading, value-driven, and highly innovative software, Aspen
Unified PIMS can enable production optimization with greater
intuition, accuracy, and accessibility. JGSOC is deriving current
benefits in plant efficiency and productivity with Aspen Plus® and
Aspen DMCplus® solutions.”
Lawrence Ng, Vice President of Sales, Asia Pacific & Japan,
Aspen Technology, added: “AspenTech is pleased to deepen our
partnership with JG Summit Olefins Group through the company’s
latest adoption of Aspen Unified PIMS software. In advancing toward
the Self-Optimizing Plant, this planned deployment empowers JGSOC
with a scalable technology solution amidst industry skills
shortage.”
Supporting Resources
- JG Summit Olefins Corporation
- Aspen Unified PIMS™
- Aspen Plus®
- Aspen DMCplus®
About JG Summit Petrochemicals Group JG Summit Olefins
Corporation (JGSOC) is the country’s largest petrochemical company
in the Philippines. Since its establishment in 1998, it has been a
pioneer in the local petrochemical industry through its wholly
owned and fully integrated petrochemical complex located in
Batangas City, south of Metro Manila. Its products include
polyethylene and polypropylene resins, olefins, butadiene and
aromatics products, used both by domestic and international
manufacturers. Since January 1, 2022, the two subsidiaries under
the JG Summit Petrochemicals Group – JG Summit Petrochemical
Corporation and JG Summit Olefins Corporation – have merged, with
the latter as the surviving entity, and with all business
operations now under JGSOC. JGSOC is 100% owned by JG Summit
Holdings, Inc. Visit https://jgspetrochem.com/ to find out
more.
About Aspen Technology Aspen Technology, Inc. (NASDAQ:
AZPN) is a global software leader helping industries at the
forefront of the world’s dual challenge meet the increasing demand
for resources from a rapidly growing population in a profitable and
sustainable manner. AspenTech solutions address complex
environments where it is critical to optimize the asset design,
operation and maintenance lifecycle. Through our unique combination
of deep domain expertise and innovation, customers in
capital-intensive industries can run their assets safer, greener,
longer and faster to improve their operational excellence. To learn
more, visit AspenTech.com.
© 2022 Aspen Technology, Inc. AspenTech, aspenONE, the Aspen
leaf logo, Aspen, Aspen Unified PIMS, Aspen Plus and Aspen DMCplus
are trademarks of Aspen Technology, Inc. All rights reserved.
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Aspen Technology, Inc. Georgina Tan +65 6395 3913
Georgina.Tan@aspentech.com
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