A leading integrated oil and gas producer partnered with AspenTech to build a large system performance model using Aspen Fidelis™ for their hydrocarbon supply chain, drastically reducing analysis time from months to weeks. Previously reliant on slow, manual processes, the company now benefits from real-time forecasting, better bottleneck identification and improved decision-making on capital investments.

The World Refining Association (WRA) spoke with Don Busiek, SVP of Asset Performance Management at AspenTech, about how asset performance management solutions can help companies achieve their digitalization and sustainability goals.

The World Refining Association (WRA) continues its discussion with Don Busiek, SVP of Asset Performance Management at AspenTech. They delve into the current talent recruitment challenges faced by the Energy industry and explore the role of digitalization in addressing this issue.

In today's rapidly evolving industries with ever-changing dynamics, maintaining operational efficiency and reliability is crucial. Digitalization offers insights into facility capacities and capabilities across varying scenarios—short and long term. By understanding the potential effects of equipment downtime or changes in production plans, organizations can proactively manage risks and optimize resource allocation.

Learn how AspenTech University can help organizations to navigate challenges and compete at the highest level with our end-to-end competency development curriculum. AspenTech University offers flexible, expert-led classes that teach the in-depth knowledge and skills required to fully apply AspenTech solutions. Learn by solving real-world problems through hands-on exercises.

Are you still relying on simplified RAM analysis or even “gut feel” to make critical decisions for your operations? What if you could gain a more holistic view with in-depth insights to help quantify overall project value?

Machine learning technology can now predict equipment failures weeks in advance. But how do you decide when and how to perform the repair to maximize productivity and minimize risk? Learn how Aspen Mtell and Aspen Fidelis enable you to quickly evaluate hundreds of possible future scenarios, and understand the financial consequences and risk involved in different operational decisions.

The hydrogen economy presents an attractive pathway for companies seeking to decarbonize their operations. However, developing the necessary global-scale infrastructure for green hydrogen poses various challenges and trade-offs across the value chain. Aspen Fidelis assists companies in managing this uncertainty, quantifying risks and ensuring that their capital investments have the highest probability of delivering desired returns throughout the asset's lifespan. See how your company can realize green hydrogen and ammonia solutions at scale.

A recent study conducted by ARC Advisory Group analyzed how leading manufacturing companies are leveraging artificial intelligence (AI) and machine learning tools to improve asset performance. While condition-based maintenance is most prevalent, the study found that leaders have successfully built AI capabilities to enhance asset performance practices through in-house platforms, commercial solutions and a combination of both.

Unexpected disturbances and shutdowns can severely impact any manufacturing facility. The AspenTech APM 4.0 portfolio uses agents that can be replicated quickly and easily across all plant assets to assure production and avoid unnecessary maintenance. Learn how APM 4.0 delivers an all-inclusive approach to efficiency, productivity and safety to support operational excellence in plant operations and the bottom line for manufacturers.