Information Systems
Preem partners with Imubit for closed-loop AI optimization at Lysekil refinery
Imubit, a global leader in closed-loop artificial intelligence optimization (AIO), and Preem, Sweden’s largest fuel company, have formed a partnership aimed at accelerating Preem’s sustainability journey through Imubit’s closed-loop AIO technology.
Yokogawa enhances IT/OT integration with new release of OpreX Collaborative Information Server
Yokogawa Electric Corporation announced the release of the latest version of OpreX™ Collaborative Information Server (CI Server), with enhancements that streamline application assembly and improve external connectivity.
Emerson to acquire remaining outstanding shares of AspenTech
Emerson will acquire all outstanding shares of common stock of AspenTech not already owned by Emerson for $265/share pursuant to an all-cash tender offer. The transaction values the minority stake being acquired at $7.2 B, and values the total company at a fully diluted market capitalization of $17 B with an enterprise value of $16.8 B.
Pertamina partners with ABL to enhance asset management at its Cilacap refinery (Indonesia)
Pt. Kilang Pertamina Internasional has appointed ABL’s asset integrity management unit to further enhance asset management at the Indonesian national energy company’s Cilacap Refinery Unit IV, located in Central Java, Indonesia.
Banyan Software acquires FoxInsights, an IoT-based remote tank monitoring solutions provider
Banyan Software, a leading acquirer and permanent home for great enterprise software businesses, has acquired FoxInsights GmbH, a market leader in Internet of Things (IoT)-based remote tank monitoring (RTM) and data-driven asset management solutions for the energy sector.
Schneider Electric, MaxGrip partner to improve asset performance for customers
Leveraging MaxGrip’s Asset Improvement Program, Schneider Electric will further support customers in their digital transformation journey by providing a comprehensive asset lifecycle management program.
Update to ISA/IEC 62443 Standards addresses organization-wide cybersecurity
The International Society of Automation (ISA) — the leading professional society for automation — has announced the publication of ANSI/ISA-62443-2-1-2024, “Security for industrial automation and control systems.” This is the latest update to the ISA/IEC 62443 series of standards, the widely used global consensus-based automation and control systems cybersecurity standards.
Radix, Celanese, Cognite partner to develop JO.AI, a groundbreaking generative AI-powered solution
Radix and Celanese will collaborate with Cognite on the development of JO.AI, a groundbreaking generative AI-powered solution designed to revolutionize operations in asset-intensive industries.
Yokogawa, UptimeAI partner to enhance asset performance management in industrial plants
Yokogawa Electric Corporation and UptimeAI Inc. announced a strategic agreement aimed at dramatically enhancing asset performance management in industrial plants. The agreement is underscored by a capital investment in UptimeAI by Yokogawa.
Yokogawa and UptimeAI partner to deliver operational excellence through AI-powered APM
Yokogawa Electric Corp., a global leader in industrial automation and control, and UptimeAI Inc., a provider of a cutting-edge artificial intelligence (AI)-based operational excellence platform designed to mimic experts in identifying and solving operational issues, have announced a strategic agreement aimed at dramatically enhancing asset performance management (APM) in industrial plants.
- BPCL and National Sugar Institute collaborate to advance sweet sorghum as a sustainable biofuel source 2/21
- Resynergi secures $18 MM to accelerate plastic recycling innovation 2/21
- LiqTech receives supplier approval for water treatment system for WinGD dual-fuel engine 2/21
- Japan's Eneos shuts 141,000-bpd Sakai CDU after a fire 2/21
- Russia's idle oil refining capacity estimated 82% up in February 2/21
- U.S. refiners mull switch to alternative lighter crudes amid Trump tariff fears 2/21
