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
About Aspen Technology
Aspen 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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