The hydrogen economy continues to be top of mind for energy and chemical companies, but what’s the best end-to-end approach? What are the risks and the opportunities as industry leaders invest in sustainability initiatives.

Early returns from an ARC Advisory Group survey indicate that optimizing plant operations performance and eliminating process upsets are considered a critical component of asset performance management (APM) systems.

Leading chemical companies across the globe face more competitive pressures with volatile market conditions and a rapidly changing workforce pushing the demand for increased sustainability and profitability. Digital twin software offers new levels of operational excellence through enterprise-wide insights that drive improved business operations.

The design and debottleneck of plants often require multiple iterations of engineering and capital expenditure (CAPEX) analysis. No matter how well an asset is designed, once operational, new variables come into play allowing for further optimization opportunities to arise. The handoffs between design, construction and operations bring new wrinkles to the entire system. What may seem like an inconsequential decision in one area may have a significant impact in another.

You and your organization know that contributions from maintenance are key to improving operations and helping your company stay competitive. However, many teams are not yet taking advantage of the latest advances in asset performance management, or APM, to help make the right decisions to drive an effective maintenance strategy.

The Asset Performance Management (APM) space is evolving rapidly, and a key challenge for many plant teams is scaling and integrating APM solutions across their enterprise. IT and OT convergence also continue to drive the need for innovation.

Upstream organizations are increasingly leveraging data analytics, machine learning and other advanced modeling approaches to drive automation, productivity and a lower break-even price of production. However, leadership has struggled to understand where to make investments in data enablement. Join AspenTech’s Ron Beck, Industry Marketing Director and Anum Qassam, Senior Product Manager, to gain clear insight into how upstream companies can turn data into dollars.

While most chemical companies have sustainability initiatives in place with varying reliance on digital technologies to achieve these goals, challenges remain. What are the key enablers to eliminate emissions and waste, extend material use and regenerate natural systems? How do new innovations accelerate this effort?

The ability of bio-pharmaceutical manufacturers to deliver quality drug products during challenging market conditions is critical for ensuring sustainability over the long run. The COVID-19 pandemic underscored the need to transform the traditional bio-pharmaceutical supply chain to have greater agility and resiliency during market swings and periods of volatility.

Industrial organizations require asset optimization solutions to improve overall plant performance and avoid unexpected failures.