8/13/2019 PR_Mar_14_05
1/2
AspenTech Updates Aspen RefSYS Multi-Unit Refinery
Modeling Application as Part of aspenONE Simulation
& Optimization for Petroleum
Refinery-wide operational decision making dramatically improved
by integration of
reactor models
Cambridge, Mass. March 14, 2005 Aspen Technology, Inc. (Nasdaq:
AZPNE) today
announced the availability of AspenTechs reformer, hydrocracker
and hydrotreater reactor
models in a new release of Aspen RefSYS, its multi-unit
simulation and optimization
application. Using these models in combination with the FCC
reactor model alreadyavailable in Aspen RefSYS, refiners can now
build, in a single flowsheet, multi-unit refinery
models that help them understand the complex interactions among
multiple refinery units.
These refinery-wide models improve operational decision making
and provide a more
accurate view of the overall potential for refinery
profitability.
Tighter integration of Aspen RefSYS with Aspen PIMS, AspenTechs
petroleum industry
planning application, gives refinery planners additional
capabilities to generate crude assays
and process unit sub-models that can be applied within the
refinery planning LP model.
Refiners can also use the rigorous modeling capability of Aspen
RefSYS to quickly test and
update their planning & scheduling models in order to make
operating decisions based on
more accurate economic information.In todays refining
environment, the ability to model multiple units, as well as the
entire
refinery, offers great value to our customers, said Mark E.
Fusco, President and CEO,
AspenTech. The new release of Aspen RefSYS and its tight
integration with other
AspenTech applications gives them greater decision-making
capabilities and maximizes
the value of their investments in other AspenTech offerings.
This is especially true for our
Aspen HYSYS customers, who can now use their existing Aspen
HYSYS models in
Aspen RefSYS.
The reactor models introduced in Aspen RefSYS are based on the
Aspen Rxfinery
standalone reactor models which are widely used for offline and
online applications and
which support flowsheet simulation, case study analysis and
optimization. Each model canbe run in a standalone mode with a
simple flowsheet, or can be run inside an expanded
flowsheet that contains upstream and downstream units. The
models feature rigorous
kinetics and utilize AspenTechs unique Equation Oriented
technology which allows rapid
and accurate solution of recycle streams. Aspen RefSYS open
architecture also enables the
integration of third-party reactor models.
news release
more
Aspen Technology, Inc. Ten Canal Park, Cambridge, Massachusetts
02141-2201 USA www.aspentech.com
8/13/2019 PR_Mar_14_05
2/2
Aspen RefSYS is built on the Aspen Open Simulation Environment
(Aspen OSE) a key
component of the aspenONE technology infrastructure. Aspen OSE
enables multiple
modeling applications to work together seamlessly, allowing
companies to develop a
consistent set of models across the enterprise and unifying
decision making from
engineering to plant operations to the supply chain.
About AspenTech
Aspen Technology, Inc. provides industry-leading software and
implementation services thatenable process companies to use
simulation models to increase efficiency and profitability.
aspenONE, a new generation of software solutions and services
from AspenTech, represents
a major step forward in helping process manufacturers achieve
their strategic operational
excellence initiatives. The first comprehensive offering to
address the demands of the
Enterprise Operations Management (EOM) market, aspenONE provides
companies with
integrated systems that enable them to manage and optimize their
operational performance.
Over 1,500 leading companies already rely on AspenTechs
software, including Aventis,
Bayer, BASF, BP, ChevronTexaco, Dow Chemical, DuPont,
ExxonMobil, Fluor,
GlaxoSmithKline, Shell, and Total. For more information,
visitwww.aspentech.com.
###
AspenTech, Aspen RefSYS, Aspen HYSYS, Aspen PIMS, aspenONE and
the aspen leaf logo are trademarks of Aspen
Technology, Inc., Cambridge, Mass.
Contact
Joshua Young
Director, Investor Relations & Corp. Comminications
Aspen Technology, Inc.
(617) 949-1274
[email protected]
Robin Swanger
Director, Press & Media Relations
Aspen Technology, Inc.
(281) 504-3256
[email protected]
http://www.aspentech.com/http://www.aspentech.com/http://www.aspentech.com/
