Petroleum company JXTG Nippon Oil and Energy has selected Aspen Technology’s aspenONE Petroleum Supply Chain software to optimise its economic and operational planning.
Aspen PIMS-AO, Aspen Petroleum Scheduler and Aspen Multi-Blend Optimizer products will help the Japanese firm to optimise refinery profitability and reduce product quality giveaway.
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JXTG Nippon Oil and Energy Supply Planning & Optimization Department general manager Hideki Shiina said: “After a rigorous selection process, we have selected aspenONE Petroleum Supply Chain and deployed Aspen Petroleum Scheduler in four refineries locally.
“AspenTech’s asset optimisation software increases our productivity, and AspenTech’s support and collaboration throughout the entire deployment process has been key to our success.”
The AspenTech platform is expected to enable JXTG Nippon Oil and Energy to carry out key refinery planning and scheduling activities and optimise its entire operations asset lifecycle.
AspenTech Asia Pacific Sales senior vice-president Dr Filipe Soares-Pinto said: “We look forward to delivering continued value to JXTG Nippon Oil and Energy.
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By GlobalData“Our asset optimisation software helps customers increase productivity and profitability across the entire asset lifecycle.
“As a result, companies can now achieve the highest levels of operational excellence possible by running assets more reliably than ever.”
AspenTech’s accurate planning and advanced scheduling tools are competent to tackle declining profitability of a company, as well as mitigate the issue of skills shortage.
The solution is used by refineries and olefins plants for feedstock selection, product slate optimisation and production planning.
