Real-time condition-based monitoring of assets is an attractive solution for mining companies to minimize their unscheduled downtime and improve reliability of critical equipment. The success of an asset monitoring program depends on how well this data is analyzed, filtered and categorized to enable accurate predictions of impending failures. Focusing on the behavior of an asset only tells a small portion of the story. To fully predict failures, the trends of the entire process must be considered as a whole.

Digital technologies offer significant opportunity for improved quality and cost savings across the chemicals industry by enabling more efficient design, operation, and maintenance of assets throughout their lifecycle. However, many chemical companies are still in the early stages of understanding how such opportunities can be applied effectively to their business. This article highlights how top companies are using data to drive business and operational decisions, and are progressing with their own transformation to the next level of performance and operational excellence.

In this article, Transform and Grow – Manufacturing Excellence in Specialty Chemicals, Aspen experts discuss what is required to drive transformation in specialty chemicals through technology-enabled best practices.

This article describes how engineering, procurement and construction (EPC) firms are now forging ahead as the industry recovers from years of cutting costs to scale resources back up as the volume and size of projects increase.

LOTTE Advanced Materials was looking for a tool that would convert data into value to drive operational excellence. In this ARC Advisory Group article, read how LOTTE chose AspenTech’s aspenONE Manufacturing Execution Systems (MES) software to transform digitally, and build a robust data analytics platform. Now, LOTTE is able to lock in a visionary software implementation roadmap to optimize business processes and operations.

The era of the intelligent mine is here and the maintenance department of the future will use insight to improve its decision-making ability based on data.

This article appeared in the 2018 American Fuel & Petrochemical Manufacturers (AFPM) Conference Daily (Oct 2018) that highlighted the Operational Planning, Control and Automation Technologies session during which Chevron talked about the closed-loop, real-time coordination of a refinery middle distillate system, the benefits and key takeaways.

As all companies have been challenged by the current economic and health crisis, the successful recovery requires a new view toward future development and growth with metrics that consider broad and more long-term goals. Featured in Hydrocarbon Processing, AspenTech’s Paige Morse shares considerations for building future resiliency that center around digitalization.

As domestic and global economies heal, the petrochemicals industry will enjoy healthy demand growth for the next two years, but greater emphasis on productivity technologies is needed to seize this growth. Read this article to learn how refineries, looking to improve their productivity, must bring scheduling activities under a single platform in order to streamline their workflow and achieve a greater view of the entire petroleum supply chain.

The impact of COVID-19 has accelerated digitalisation for the process industry. In this exclusive interview with Pipeline Oil & Gas News, Antonio Pietri, President and CEO of AspenTech®, discusses how this acceleration of digitalisation will lead to the creation of a Self-Optimizing Plant.