AspenTech Rolls Out aspenONE V7 MSC

July 7, 2009 at 10:09 pm Leave a comment

Aspen Technology Inc. just introduced aspenONE V7 Manufacturing & Supply Chain (MSC) to enable process industry companies to achieve higher profit margins, reduce operational costs, improve agility and do more with less.

Innovations in aspenONE V7 MSC extend the operational benefits of advanced process control and performance management to more processes in the plant, and to more process industry markets, which before now were cost prohibitive. Guided workflows enable engineers to build, test and deploy multiple control applications faster, accelerating operational stability and performance benefits.

aspenONE V7 MSC extends AspenTech’s integrated refinery planning and scheduling (P&S) solution to the entire petroleum supply chain. This allows integrated oil companies to optimize decisions and visualize their impact across the petroleum supply chain. Refinery planners and schedulers, distribution schedulers and traders can collaborate more effectively and answer complex questions faster to keep pace of rapidly changing market conditions. With aspenONE V7 MSC, customers are better able to increase margins while safely optimizing throughput and maximizing customer service.

Phil Koenig, manager of Engineering & Analytical Services at Marathon Oil, commented on the new release: “One of the key challenges when integrating the supply chain is to ensure that the individual organizations – for example Refining, Supply or Marketing – feel that the decisions being made accurately reflect the impacts or costs on their organizations. Using aspenONE V7 we will be able to combine high-fidelity organizational models, allowing us to accurately determine the incentives, costs and impacts of supply chain decisions, such as maximizing the value of specific crudes by optimally distributing them across multiple refineries.”

            Dr. Wilfried Kossmann of Bayern Oil, a joint venture with BP, added: “aspenONE V7 is making it easier to keep controllers online and maintain the benefits of advanced process control over time. The new KPI reporting capability with diagnostics provides a key insight into how controllers are behaving and whether or not any remediation may be required. Bayern Oil is also very excited about AspenTech’s Adaptive Modeling capability. Being able to identify model deterioration, diagnose what the problem is and then re-model the process all within an online framework is a major step forward in performance capability.”

The MSC release includes a flexible, token-based licensing model that allows customers to use the software they need when and where they need it. The Aspen Licensing Center makes it easier to identify and replicate software usage best practices across the global enterprise. The new release also supports leading virtualization technologies from Microsoft, VMware and Citrix, dramatically reducing software deployment time from months to weeks.

www.aspentech.com/V7

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Entry filed under: Financial and Back Office Solutions. Tags: , , , , .

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