Aspen Technology, Inc,
a leading provider of
software and services
to the process industries,
has announced that Dow
Chemical Company is optimising
capital cost decision
making for large-scale
petrochemicals projects
using the aspenONE Engineering
software suite.
AspenONE Engineering
is an integrated engineering
lifecycle solution, from
conceptual design through
to plant startup and operations
support, enabling
process engineers to
model, build, and operate
safer, competitive, and
more reliable process
plants. By using this technology
owner operators
and E&C's are able to
reduce capital and operating
costs, increase engineering
efficiency and
quality, and accelerate time
to market with payback in
months instead of years.
Earlier, Dow has reduced
the time it takes to produce
accurate engineering estimates
from months to
weeks by using Aspen
Capital Cost Estimator.
The application provides
powerful estimating and
collaboration capabilities
that can scale to manage
very large, global projects.
- ACCE users can save
time by increasing
scope visibility across
the entire project,
which allows engineering
and construction
(E&C) firms and owner
operators to regularly
achieve efficiency
improvements of 50 to
75 per cent in their estimating
activities.
- ACCE helps estimating
professionals rapidly
and reliably conduct
conceptual estimates at
the earliest stages of
project definition, which
typically requires multiple,
large engineering
teams to design, estimate
and construct.
- The latest ACCE
enhancements provide
the ability to handle
projects of expanded
scope and scale,
empowering estimators
and executives to make
effective capital cost
decisions among different
alternatives.
Blair Wheeler, Senior
Vice President of Marketing,
AspenTech, said,
"Large-scale 'megaprojects'
are extremely complex
to design and build.
Aspen Capital Cost Estimator
gives owner operators
and engineering and
construction companies
unprecedented transparency
and flexibility in
managing these project
complexities. Using
ACCE customers can
reach capital decisions
earlier and manage projects
more rigorously and
accurately, thereby reducing
project risk."