Like the adage, “Strike while the iron is hot,” timing is an important consideration for refineries looking to take advantage of a rising energy market that is expected to continue throughout 2022 and beyond, according to many economists.

Leading chemical companies across the globe face more competitive pressures with volatile market conditions and a rapidly changing workforce pushing the demand for increased sustainability and profitability. Digital twin software offers new levels of operational excellence through enterprise-wide insights that drive improved business operations.

In recent decades, energy and chemical companies have benefited from digital technologies to increase the efficiency of hydrogen (H2) processes while ensuring safe and economical production, storage and transportation. Today, digitalization is increasingly crucial as hydrogen systems grow in complexity, utilizing green power sources and getting deployed at a larger scale.

What is a digital twin and what does it do? Learn how digital twin technology provides important insight on system performance enabling companies to optimize operations and reduce costs by maximizing uptime with real-time recommendations.

Watch this video to learn how Aspen GDOT can help accelerate your digital transformation initiatives, improve refining margins and meet sustainability goals.

The award recognized the AspenTech's successful track record of nearly two decades delivering significant improvements in margin and energy efficiency through its innovative closed loop, multi-unit dynamic optimization technology.

"From the moment I entered the exhibition hall, I could feel the excitement and the importance of the event."

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

As one of Europe’s most complex refineries, Heide Refinery looked to optimize its entire middle distillate system to maximize product quality and reduce giveaway. Given recent market volatility, Heide planned to further improve its operational agility to respond faster to changing conditions.

Compañía Española de Petróleos, S.A.U. (CEPSA) is a multinational energy company with headquarters in Madrid, Spain with a presence in five continents and operates across the entire integrated oil and gas value chain. The company is focused on growing its business in a sustainable manner and recently started bio feedstock processing at its La Rábida refinery facility.