Learn how SK Engineering & Construction improved the speed and accuracy of their capital project cost estimates with Aspen Capital Cost Estimator (ACCE).

Hydrocarbon Processing Editor-in-Chief and Associate Publisher, Lee Nichols, discusses with Paul Donnelly, AspenTech Industry Marketing Director how EPC firms are adopting and using new digital technologies, and most importantly, how these technologies are improving return on investment for these organizations.

Hydrocarbon Processing editor-in-chief and associate publisher, Lee Nichols, spoke with Paul Donnelly, Industry Marketing Director, Aspentech, on the importance of FEED and critical steps and technologies that can help optimize capital projects.

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?

Sustainability remains top-of-mind for most executives as they work to balance environmental concerns with business performance. Digital solutions have emerged as a key enabler to help companies make progress toward their sustainability goals.

This executive brief highlights the results of a recent survey conducted with Oil & Gas Journal on how EPC firms are pursuing new sources of revenue from the operations and maintenance phases of a project lifecycle.

The process industries are now more than ever being reshaped through digital initiatives, with the intent to become more proficient in designing, building and operating process plants. In this executive brief, read how AspenTech and Hexagon are working together to help engineering firms and plant owners realize their digitalization journey.

EPC firms that were already under stress from the COVID-related downturn are investing heavily in digitalization initiatives. According to a June 2020 McKinsey report, EPCs have an opportunity to double their profitability by embracing a handful of “emerging disruptors.” One of these disruptors, digitalization of processes, is within reach for most EPCs and aligns with efforts and initiatives already underway at many firms.

Engineering, Procurement and Construction firms (EPCs) are facing the challenge of fewer and smaller projects out for bid, and win rates are critical for their future success. This executive brief provides the winning combination of industry best practices and software that will allow you to create accurate bids, reduce risk and be more responsive to the changing needs of your customers.

See how aspenONE Engineering enables streamlined conceptual engineering and FEED workflow.