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Tuesday, 16 September 2014, 18:00 HKT/SGT

Source: AspenTech
aspenONE(R) V8.7 Software Release Sets New Benchmark for Manufacturing & Supply Chain Performance

SINGAPORE, Sept 16, 2014 - (ACN Newswire) - Aspen Technology, Inc. (NASDAQ: AZPN), a leading provider of optimization software for the process industries, announces the availability of aspenONE Manufacturing and Supply Chain V8.7 software. The latest AspenTech software addresses Oil, Gas, and Chemicals companies' challenge to maximize continuously the operational performance of plants, and to optimize the supply chain with increased visibility for better decision making.

aspenONE Manufacturing and Supply Chain V8.7 software includes the ability to:

Modify controller behaviour

Aspen DMC3, AspenTech's revolutionary adaptive control software, enables control engineers to continuously maximize operational performance and profitability by ensuring that their Advanced Process Control (APC) controller models always reflect the current operational and business drivers. The new Aspen DMC3 Robust LP Tuning feature provides the control engineer with the ability to make the controller more tolerant of model inaccuracy thus improving controller performance under rapidly changing process conditions.

Expand refinery pipeline scheduling

Automated Pipeline Scheduling extends the scheduling capability of the Aspen Petroleum Scheduler down to ancillary terminals to accurately track inbound and outbound pipeline movements. With the new Aspen Petroleum Scheduler software, refineries can easily manage multiple and bi-directional pipeline segments and injection points with increased visibility and accuracy to make better - and more profitable - decisions.

Create the optimal refinery plan

Aspen PIMS-AO software delivers on the latest advancements in optimization, including parallel processing, enhanced global optimization, feedstock basket reduction, and nonlinear modeling, to improve planning for refineries and olefins plants. New optimization capabilities enable the feedstock planner to achieve the most profitable plan much faster than before - at least 8 times faster - increasing confidence in planning decisions and maximizing profits. Aspen PIMS-AO may be run from the aspenONE PIMS Platinum web-based flowsheet environment that was first introduced in February 2014 to easily visualize, run, evaluate and compare the plan and schedule side by side.

Dr. Franz Hofferl, Department Manager, Operations Research, OMV Refining & Marketing GmbH, said, "By running Aspen PIMS-AO's new solver tool with even the most complicated models, our results and potential profits are significantly higher. Comprehensive testing has not only validated these results, but bolstered our confidence that we are targeting the optimal, most profitable plan."

The V8.7 release of aspenONE Manufacturing and Supply Chain software includes updates to the Aspen DMC3, Aspen Petroleum Scheduler, and Aspen PIMS-AO software.

"Version 8.7 of aspenONE software is another step forward in collaboration across planning, scheduling and manufacturing operations. By using the new Aspen DMC3, Aspen PIMS-AO and Aspen Petroleum Scheduler software, our customers can become much more profitable," said Manolis Kotzabasakis, Executive Vice President, Products, AspenTech.

The aspenONE V8.7 is available immediately and customers on the aspenONE Licensing Model can upgrade to the new version for no additional cost.

For more information, visit http://www.aspentech.com/products/v8-release/.

Aspen Technology, Inc.
Mary LaSelva

Topic: New Product
Source: AspenTech

Sectors: Gas & Oil, Design Process, Engineering, Cloud & Enterprise, Chemicals, Spec.Chem, Science & Nanotech, Energy, Alternatives, Food & Beverage
From the Asia Corporate News Network

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