Petronas selected AspenTech software for optimization of industrial assets

On September 25, 2018 the company Aspen Technology announced that Petronas, the integrated oil and gas international company founded in Malaysia selected software solutions aspenONE Engineering, Petroleum Supply Chain and Supply Chain Management for optimization of industrial assets and maximizing profitability at the oil processing and petrochemical integrated RAPID enterprise located in Pengerang (the region Yokhor, Malaysia).

For increase in operational efficiency through optimization of assets, the Petronas company signed the agreement on use of software products Aspen HYSYS Petroleum Refining, Aspen Plus, Aspen Polymers Aspen PIMS-AO, Aspen Petroleum Scheduler, Aspen Refinery Multi-Blend Optimizer and Aspen Plant Scheduler. These solutions promote profit maximization and fault recovery of the equipment, more reliable planning and creation of production schedules, process optimization of selection of raw materials and mixes and also increase in efficiency in the field of rapid response and decision making.

"The RAPID project will help Petronas company to produce oil products and specialized chemical products of a premium class. Aiming at implementation of this project, we selected a broad spectrum of software solutions of AspenTech company for optimization of industrial assets in the field of engineering design and supply chain management for increase in profitability of production". Colin Wong Hee Hving (Ir. Dr.Colin Wong Hee Huing), senior of the vice president and chief executive officer of Petronas Refinery & Petrochemical Corporation

Using software solutions which maximize profitability reduce costs for distribution and optimize daily production schedules, the Petronas company is going to reach steady competitive advantage, providing high income for all lifecycle of assets as a part of the industrial RAPID complex which, as expected, will be completely put into operation in 2019.