May 2022

Digital Technology

Save energy and reduce CO2 emissions with closed-loop optimization of utilities networks

Oil and gas, petrochemical and chemical companies face the difficult challenge of maximizing profitability while achieving aggressive decarbonization objectives set for 2030 and beyond.

Lodolo, S., Aspen Technology

Oil and gas, petrochemical and chemical companies face the difficult challenge of maximizing profitability while achieving aggressive decarbonization objectives set for 2030 and beyond. The transition to a digitally powered business model is generally accepted across industries as companies adopt new processes, pursue new feedstocks and expand automation. Advanced process control (APC) and optimization technologies have long been used to help automate and optimize operations. More recent innovations have tackled strong process nonlinearities and multi-unit dynamic optimization of large process envelopes to better meet evolving, volatile market demands. Now, artificial intelligence (AI) and d

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