Major petrochemicals company selects Aspen Technology for production optimization software
(BEDFORD, Mass. — BUSINESS WIRE) — Aspen Technology Inc., a global leader in industrial software, recently announced that the largest petrochemicals company in the Philippines, JG Summit Olefins Corporation (JGSOC), is planning a deployment with Aspen Unified PIMS. The deployment supports the company’s innovation-driven vision and is projected to boost operating margin by optimizing feedstock selection at the crackers. The JGSOC expansion project is a step toward further diversification of the local petrochemical and chemical industries and is envisioned to strengthen the industrial value chain linkages for the manufacturing sector.
Samuel Co Chan, vice-president for supply trading and product optimization for JG Summit Olefins Group, said: “AspenTech’s distinct and transparent solutions align with JGSOC’s pursuit of operational excellence by deploying the best and most efficient technologies. As the leading, value-driven, and highly innovative software, Aspen Unified PIMS can enable production optimization with greater intuition, accuracy and accessibility. JGSOC is deriving current benefits in plant efficiency and productivity with Aspen Plus® and Aspen DMCplus® solutions.”
Lawrence Ng, vice president of sales for Asia, the Pacific and Japan for Aspen Technology, added: “AspenTech is pleased to deepen our partnership with JG Summit Olefins Group through the company’s latest adoption of Aspen Unified PIMS software. In advancing toward the Self-Optimizing Plant, this planned deployment empowers JGSOC with a scalable technology solution amidst industry skills shortage.”
About Aspen Technology
Aspen Technology, Inc. is a global software leader helping industries at the forefront of the world’s dual challenge meet the increasing demand for resources from a rapidly growing population in a profitable and sustainable manner. AspenTech solutions address complex environments where it is critical to optimize the asset design, operation and maintenance lifecycle.