AspenTech is creating hybrid technology models with AI and analytics says Ron Beck
Ron Beck, Senior Industry Marketing Director, AspenTech speaks to Arun Shankar, Editor GEC Media Group about digitalisation solutions for oil and gas, chemicals, and mining. They are meant for asset intensive industries and cover the design, operate, maintain, life cycles and value chain of refineries, oilfields, plants. The software from AspenTech is based on the fundamentals of first principles from physics and chemistry. Beck says that AI and analytics have been integrated over the last five years to create new hybrid technology models. These allow optimisation and future sustainability. Middle East organisations are investing in this technology to reduce carbon intensity and improve productivity.
ADIPEC 2022 has generated an estimated $8.2 billion in business for exhibiting companies. ADIPEC 2022 saw a record global attendance of more than 160,000 attendees from 164 countries, with 41 per cent coming from abroad. The UAE saw an estimated value of $200 million brought in through sectors that supported the four-day event, including tourism and hospitality. ADIPEC took place in Abu Dhabi from 31 October to 3 November, gathering some of the best minds from energy markets around the world to address critical issues facing the energy sector. The future of energy was discussed across more than 350 sessions, where over 40 Ministers and 38 global CEOs, policy makers, energy experts and innovators shared their views on achieving a progressive and pragmatic transition and the significant role of investment and collaboration in the path to Net Zero.