Aspen Technology, Inc.
Bedford, Massachusetts, United States
Aspen Technology, Inc.
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Accelerating your digital transformation by optimizing assets to run safer, greener, longer and faster.
About Aspen Technology, Inc.
Aspen Technology, Inc. is a leading industrial software partner, with more than 60 locations worldwide. AspenTech solutions address complex environments where it is critical to optimize the asset design, operation and maintenance lifecycle.
Through our unique combination of deep domain expertise and award-winning innovation, customers in asset-intensive industries can improve their operational excellence while achieving sustainability goals.
We are energized by the role our software for sustainability will play in supporting the energy transition and in achieving a green future. Read our latest ESG Report for more details about our mission, our company and our innovative culture.
AspenTech is helping companies at the forefront of the world’s dual challenge meet the increasing demand for resources from a rapidly-growing population with the expectation of a higher living standard while advancing performance, resiliency and sustainability.
Description of Services
The industry is facing challenges of meeting increased energy demand at lower cost with fewer emissions. Our digital solutions optimize the value chain from exploration to production to secure the world’s needs for sustainable and affordable energy for the future.
Reduce Capital Cost Up to 20%
High costs and uncertainty in assessing the feasibility of new oil & gas exploration projects was a challenge for a major operator in the Caspian Sea region.
Learn how the company used AspenTech solutions to reduce the scope for new exploration wells significantly while maintaining the quality of production forecasts by focusing on the key uncertainties.
Ensure Energy Security
- Reduce geological risks for exploration, drilling and field development and optimize CAPEX up to 20%
- Ensure sustainable resource management from resource base and production perspectives
- Accelerate path to first oil
Increase Low-Carbon Energy
- Reduce carbon intensity with CCUS and lower project timetable by 50% and OPEX by 20%
- Increase natural gas production
- Improve energy efficiency and reduce emissions
Optimize Operational Efficiencies and Costs
- Enhance production in mature fields and ensure production stability and agility
- Decrease energy and water use
- Improve equipment reliability and reduce unnecessary or emergency maintenance activities
What we do
Highlighted Solutions and Products:
- AspenTech Microgrid Management System™ (MMS)
Optimize On-Site Generation and Storage
- Enhance power reliability
- Balance net-zero and operating cost goals
- Strengthen cybersecurity
- Improve Production Performance for Upstream
Optimize Operational Excellence and Costs
- Increase production by 2-4%
- Reduce emissions, avoid shutdowns and save up to $60k/day
- Improve energy efficiency by 10%
- Subsurface Science & Engineering
Enhance Exploration and Production with Geoscience and Engineering Solutions
- Reduce risks and lower CAPEX up to 20%
- Unlock reservoir potential and improve oil recovery
- Optimize upstream production costs
- Performance Engineering
Achieve Optimal Design and Operations across the Engineering Lifecycle
- Reduce CAPEX and OPEX
- Make progress toward sustainability goals
- Improve performance, process safety and time-to-market
- Best in Class Reliability
Predict and Minimize the Impact of Equipment Downtime
- Reduce maintenance costs 20-30% per year
- Empower your reliability and maintenance teams
- Increase throughput 1-5%
- Accelerate Innovation for CCUS
Risk CCUS Solutions at Scale
- Reduce 5-20% CAPEX and 15-30% OPEX
- Shorten project time by 20%
- Support permit applications and cut permitting time by 50%
Life at Aspen Technology, Inc.
Metals & Mining
Ever-increasing global growth is driving demand for metals which requires new levels of productivity and efficiency. Our solutions improve asset reliability, integrate data and optimize mineral processing for safer, more sustainable mining operations.
Heavy mobile equipment (HME) failures significantly impact the mining value chain, leading to costly shutdowns, health and safety risks, and significant losses.
AspenTech’s prescriptive maintenance solution can monitor haul fleets, excavators and other HME, providing actionable, real-time insights and identifying failures before they occur—often with weeks or even months of advance notice.
Increase Fixed Plant and Heavy Mobile Equipment Reliability
- Boost asset availability and confidence in planned schedules
- Reduce production variability and maintenance costs
- Gain advanced notice of predicted failures and automatically order and stock spares
Integrate Your Entire Mining Operation
- Share information by connecting data to any endpoint across the entire mining value chain
- Minimize your time to data and time to actionable insights
- Enable centralization, standardization and customization of dashboarding
Improve Efficiency and Sustainability of Mineral Processing
- Reduce emissions, water consumption, waste generation and loss of economic material to tailings
- Increase energy efficiency and metal recovery and optimize reagent use and consumption
- Minimize the need for continual manual adjustment of your processing operation
Highlighted Solutions and Products:
1. AspenTech Microgrid Management System™ (MMS)
Optimize On-Site Generation and Storage
- Enhance power reliability
- Balance net-zero and operating cost goals
- Strengthen cybersecurity
2. Best in Class Reliability
Predict and Minimize the Impact of Equipment Downtime
- Reduce maintenance costs 20-30% per year
- Empower your reliability and maintenance teams
- Increase throughput 1-5%
3.Industrial Data Fabric
Scale Digitalization Initiatives with Data Integration and Contextualization
- Collect, aggregate, store and retrieve large volumes of data
- Contextualize data for any system, application or user
- Centralized security, data governance and access control
4. Advanced Process Control
Achieve Operational Performance and Sustainability Goals
- Improve throughput by 2-5%
- Increase yield by up to 5%
- Reduce energy consumption by 10%
5. Process Simulation
Optimize across Design and Operations with Aspen Plus®
- Improve performance, quality and time-to-market
- Help advance net-zero goals
- Rigorously model a wide range of chemical processes
6. Historian
Unlock the Value of Operational Data and Drive Performance Improvements
- Increase efficiency, productivity and visibility into plant operations
- Real-time asset analysis and monitoring
- Improve product quality up to 30%
