A revamp is underway of a widely revered strategy to avoid or mitigate industrial equipment failures. The failure modes and effects analysis (FMEA) is a core Six Sigma tool for improving processes and products. Recent technology advancements are breathing new life into this longtime, largely unchanged best practice.

Indian Chemical News Preventive maintenance and using AI

AspenTech is excited to announce the integration of OSI, Inc. and E&P Software, providing new capabilities including Digital Grid Management and Subsurface Science & Engineering. See how the new AspenTech delivers proven results that support your Dual Challenge, meeting the needs of a higher standard of living for a rapidly growing population while achieving your sustainability and profitability goals.

We welcome OSI and Geological Simulation Software businesses to AspenTech.

AspenTech's Power Asset Optimization software solution enables you to reduce operating and maintenance expenses, optimize resource and purchase decisions.

AspenTech's lifecycle solutions for the upstream industry improve asset reliability, reduce time to “first oil”, improve recovery and operating economics.

Subsurface Science & Engineering

OSI Digital Grid Management

A recent AspenTech sustainability survey revealed 65% of energy and chemical companies indicate they are already investing in or actively planning to invest in CCUS (carbon capture utilization and storage).

Carbon Capture Utilization and Storage (CCUS) has the potential to play a key role in reducing emissions, and permanently storing the captured CO2 in the subsurface makes it an essential part of the solution. However, storing the carbon has its challenges, ranging from assessing geologic reservoirs to containment for permanent and safe storage, among others.