aspenONE Planning & Scheduling for Olefins
Enable development of optimal production plans and schedules with the agility to respond to changing customer demands and market opportunities
Article
Planning and Scheduling in the Olefins Industry
TCE (The Chemical Engineer)
May 1, 2007
aspenONE® Planning & Scheduling for Olefins enables companies to optimally plan and schedule the feedstock slate, production processes, and product distribution – taking into account continually changing feedstock prices, current feedstock inventories, and operational constraints.
The real-time visibility provided by aspenONE Planning & Scheduling for Olefins helps olefins producers buy, manage and process feedstocks in the most optimal manner, providing a solid competitive advantage. Companies deploying aspenONE Planning & Scheduling for Olefins are able to generate bottom-line benefits ranging from $6–$13MM per year—with payback in months instead of years.
Companies are able to dramatically improve their planning and scheduling operations by:
- On-demand collection and visualization of real-time data, information and plans
- Accurately modeling feedstock qualities, taking into account the true manufacturing complexity and variability
- Collaboratively evaluating scenarios, balancing conflicting KPIs to develop optimal and executable plans
- Reconciling plan versus actual performance gap on a daily basis
- Reacting quickly to changes in market, logistics and manufacturing
Chemicals Customer Successes
Video: Borealis: Planning Improved from Real-Time Optimization Model Delivers Payback within 9 Months