Aspen Technology
Aspen Technology (AspenTech) provides asset performance management, monitoring, and optimization solutions, supporting industrial digital transformation and sustainability initiatives across various industries.
Services
Aspen Technology (AspenTech) offers a wide range of services including asset performance management, asset performance monitoring, and asset optimization solutions. The company’s software products are integral to industrial digital transformation efforts, providing crucial support in the optimization of asset design, operation, and maintenance lifecycle. Additionally, AspenTech provides professional services to help organizations accelerate time to value through customized engagement plans and access to industry experts.
Sustainability Solutions
AspenTech is dedicated to supporting sustainability and decarbonization initiatives. The company provides solutions for emissions reduction, carbon capture, and the hydrogen economy. AspenTech’s technology helps in optimizing hydrogen production and storage, as well as facilitating innovation with digital twin technology and analytics. Their carbon capture solutions involve capturing carbon dioxide emissions and either storing or reusing the captured CO2 to prevent it from entering the atmosphere.
Product Offerings
AspenTech’s comprehensive product suite includes AspenTech DataWorks, Asset Performance Management, Digital Grid Management, Manufacturing and Supply Chain solutions, Performance Engineering, and Subsurface Science & Engineering. Specific products include AspenTech Inmation™, Aspen InfoPlus.21®, Aspen Mtell®, Aspen Fidelis™, Aspen ProMV®, Aspen Process Pulse, Aspen Unscrambler, AspenTech Operational Insights™, Aspen DMC3™, Aspen Unified™ for Refinery Planning and Scheduling, Aspen PIMS-AO™, and many others.
Industry Applications
AspenTech serves a diverse array of industries such as bulk chemicals, consumer packaged goods, downstream, engineering, procurement & construction, food & beverage, metals & mining, midstream & LNG, pharmaceuticals, polymers, power generation, transmission & distribution, pulp & paper, specialty chemicals, transportation, upstream, and water & wastewater. Their solutions are tailored to meet the specific needs of these sectors, providing tools for improving production performance, accelerating innovation for sustainability, electric grid modernization, and achieving best-in-class reliability.
Academic Program
AspenTech's academic program offers an integrated software suite for asset optimization tailored for students and faculty. This initiative aims to foster education and research in fields related to asset management and optimization. By providing access to cutting-edge software used in industry, AspenTech helps academic institutions equip the next generation of professionals with essential skills and knowledge.