AspenTech Extends Optimization’s Reach across Design, Operations and Maintenance with aspenONE Version 10 Software

Aspen Technology, Inc. announced the general availability of aspenONE Version 10 software. The latest Asset Performance Management, Engineering and Manufacturing & Supply Chain software release supports the company’s evolution from process optimization to asset optimization.

Introducing the aspenONE Asset Performance Management Suite
The aspenONE Version 10 software release includes aspenONE Asset Performance Management (APM), a complete suite for site, process, and equipment performance management. AspenTech’s new APM suite is designed to increase asset uptime, improve reliability, extend the life of equipment, and achieve optimal process performance system-wide to drive increased profitability. The integrated suite of APM analytics provides prescriptive guidance to address multiple levels of asset performance:

• Site-Wide Risk Analysis with Aspen Fidelis Reliability software helps identify asset availability and utilization risks through reliability modeling and simulation.

• Process Analytics include Aspen Asset Analytics software to assess the root causes of process disruptions, predict future occurrences and prescribe actions to avoid them. Rapidly configured and deployed, prepackaged analytics for column troubleshooting use ensemble modeling to provide operational guidance. Included as well, Aspen ProMV software improves process reliability and asset uptime using advanced multivariate process analytics for continuous and batch monitoring.

• Equipment Performance Analytics with Aspen Mtell software provides machine-learning analytics that predict when failures will occur, understand why they will occur and prescribe what to do to avoid the failure.

   

   

aspenONE Engineering Suite Highlights
The latest version of aspenONE Engineering software enables asset design optimization across capital, energy, controllability, environmental impact, safety and yield, empowering collaborative workflows that drive sustained profitability.

• Specialty chemicals and pharmaceuticals companies are making significant investments to rapidly develop and deliver new products to market. Aspen Plus software in aspenONE Version 10 extends modeling from continuous to batch and semi-batch processes to help companies accelerate new product development and optimize production to compete more effectively.

• Engineering, Procurement & Construction (EPC) companies need to accelerate projects and reduce risk to compete effectively. The new web-based Aspen Basic Engineering reportedly streamlines data integration in FEED preparation and improves collaboration across globally distributed teams.

• Process plants are faced with frequent operational changes and risks to asset utilization. Faster calibration of model to plant data in Aspen Plus and Aspen HYSYS software for operations are designed to support reducing operating costs and increasing yields.

aspenONE Manufacturing & Supply Chain Suite Highlights
Building on the PIMS-AO engine, the new Aspen Unified PIMS features a modern web-based architecture with scalable high performance computing that is designed to enable better collaboration and improved insights into model performance. The first of a family of Unified products envisioned to unify the production workflow from planning to scheduling and performance monitoring, Aspen Unified PIMS will initially be targeted at a specific set of customers identified by the company for the aspenONE Version 10 software release.

Version 10 software is available immediately. Customers on the aspenONE Licensing Model can upgrade to the new version for no additional cost.

Keywords: Asset Performance Management, Engineering, Manufacturing, Supply Chain, Process Optimization, Asset Optimization, Risk Analysis, Process Analytics, ARC Advisory Group.