Digital TransformationNews

Romepetrol Selects Aspen Technology for its Digital Transformation Strategy

Aspen Technology has announced that Rompetrol Rafinare has purchased Aspen Mtell software and Aspen Fidelis Reliability software licenses from the aspenONE Asset Performance Management (APM) software suite, as an integral part of its digital transformation strategy.
AspenTech’s solutions will be instrumental in improving production uptime and reducing maintenance costs as part of Rompetrol’s digital strategy focusing on improving the reliability and availability of its assets.

AspenTech products, including Aspen Mtell and Aspen Fidelis Reliability, allow Rompetrol not only to detect plant failures in advance, but also to understand their financial impact, allowing for improved asset planning and enhanced operational decisions. Yedil Utekov, general manager of Rompetrol Rafinare stated: “Our goal is to achieve ‘one view’ of our refinery operations to bring greater operational efficiency and value. Working with AspenTech we are able to identify failures significantly earlier, reducing equipment damage and unplanned process downtime.”

Identifying weak links in reliability, maintainability and availability will help the business to compete effectively, while prioritizing further improvement initiatives and complying with regulations such as IMO2020 which comes into effect January 1, 2020 and calls for a 0.50% global sulfur cap for marine fuel content. Utekov added: “AspenTech’s experience in our industry, coupled with the fact that its product portfolio represents one of the broadest footprints of asset optimization solutions in the market, allows us to take this step forward in our digitalization strategy. AspenTech’s APM suite gives us improved asset availability and its advanced process control solution gives us better utilization. We will be able to plan, intervene and save significant production time each year. That combination equates to top line and bottom line improvements for our business.”

John Hague, senior vice president and general manager, AspenTech’s APM Business Unit explained: “Initially Rompetrol was concerned the plant was not adequately instrumented to take advantage of Aspen Mtell’s machine learning capabilities. However, Aspen Mtell was able to produce accurate predictions from the outset. AspenTech has given Rompetrol a tool that can deliver immediate value and avoid unnecessary implementation expense.”

Hague continued: “By analyzing and interpreting more of their available data, the refinery team can accelerate previous analysis processes to reduce maintenance costs, enable Rompetrol to significantly mitigate production losses and minimize disruptions to its customers.” Aspen Mtell and Aspen Fidelis Reliability are part of the aspenONE Asset Performance Management (APM) software suite combining big data, machine learning and process knowledge expertise to maximize performance across the design, operations, and maintenance asset lifecycle.

Aspen Mtell mines historical and real-time operational and maintenance data to discover the precise failure and anomaly signatures that precede asset degradation and breakdowns, predict future failures and prescribe detailed actions to mitigate or solve problems. Aspen Fidelis Reliability is a reliability management solution that is uniquely designed to take process flows into account, and the impacts of failures and repairs on overall plant performance and revenues.

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Chris Fernando

Chris N. Fernando is an experienced media professional with over two decades of journalistic experience. He is the Editor of Arabian Reseller magazine, the authoritative guide to the regional IT industry. Follow him on Twitter (@chris508) and Instagram (@chris2508).

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