Accelerating Innovation in Carbon Capture, Utilization, and Storage with AspenTech APC

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Accelerating Innovation in Carbon Capture, Utilization, and Storage with AspenTech APC

Challenges Addressed and Solutions Offered by AspenTech APC

AspenTech APC offers innovative solutions to address the challenges faced in driving low-risk Carbon Capture, Utilization, and Storage (CCUS) solutions at scale. By leveraging leading digital solutions for process simulation, risk and reliability analysis, optioneering, and subsurface analytical modeling and simulation, AspenTech APC ensures economics and safety across the carbon capture value chain. These solutions aim to reduce CAPEX by 5-20% and OPEX by 15-30%, shorten project time by 20%, support permit applications while cutting permitting time by 50%, select storage locations to reduce injection risk, and demonstrate permanent geological storage. Additionally, AspenTech APC helps to scale up CO2 to chemicals utilization technologies, providing an integrated approach to accelerate innovation in CCUS.

Sustainable Pathway with AspenTech APC

AspenTech's digital solutions support a sustainable pathway for carbon capture, utilization, and storage. By improving economics and accelerating scale-up, AspenTech APC enables organizations to identify options to reduce project lifecycle costs, make informed decisions, justify investments, and ensure confidence in low-risk, long-term storage solutions. These solutions are crucial in the race towards achieving ambitious sustainability goals by facilitating the adoption of CCUS technologies effectively and efficiently.

Impact on Key Business Processes

AspenTech APC impacts key business processes involved in accelerating innovation for CCUS, including Carbon Capture Design, Carbon Capture Operations, Carbon Storage, and Carbon Utilization. Through software solutions like Aspen Plus® and Aspen HYSYS®, AspenTech optimizes project economics and performance for large-scale carbon capture, enabling rigorous modeling of complex chemistry and thermodynamics. The concurrent engineering approach enhances collaboration between licensors, EPCs, and owners, providing early project visibility across multiple dimensions. AspenTech APC also focuses on improving carbon capture operations, transportation, and compression, ensuring safety, reliability, and efficiency in the deployment of digital twins for smooth plant startups.

Enhancing Carbon Storage and Utilization

Moreover, AspenTech APC assists in selecting geological storage locations, supporting permit applications, optimizing injection strategies, and leveraging advanced modeling and simulation tools to accurately track CO2 migration in the subsurface. By accelerating the development of new technologies and optimizing process designs, AspenTech APC drives commercialization and scaling in carbon utilization, offering strong capabilities through process simulation software and concurrent engineering that ensures both feasibility and low carbon footprint in project planning and execution.

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Empowering Grid Resilience and Renewable Integration with AspenTech OSI Energy Management System

Introduction to AspenTech OSI Energy Management System

The AspenTech OSI Energy Management System is a transformative solution suite designed to help balance the transport of power on the transmission grid through reliable real-time operations while seamlessly integrating renewable energy sources. This cutting-edge system offers a range of features and benefits that contribute to increasing resilience, reliability, and accelerating the clean energy transition.

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Reviving APC: The Epic Transformation Story of Phillips 66 with AspenTech's Advanced Process Control Solution

Introduction to AspenTech APC Solution

AspenTech APC, as showcased in the webinar presented by Dr. Prakash Karpe, highlights a remarkable journey of transformation within a Fortune 500 energy company, Phillips 66. This webinar delves into how Dr. Karpe successfully revived the Advanced Process Control (APC) organization, leading to a four-fold increase in benefits and elevating its status to one of the most valued departments within the company in just three years.

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Maximizing Process Efficiency with Aspen Exchanger Design & Rating Software

Optimizing Heat Exchanger Design for Cost Efficiency

Aspen Exchanger Design & Rating (EDR) offers a comprehensive array of rigorous heat exchanger models that allow you to optimize capital and operational expenses. By seamlessly integrating heat exchanger designs within Aspen HYSYS® and Aspen Plus®, you can ensure that your designs are not only optimal but also cost-effective. This integration enables you to make informed decisions that balance performance and economics, resulting in efficient heat exchanger solutions that maximize process efficiency.

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Transforming Industries: AspenTech APC Decarbonization Solutions

The Industrial Decarbonization Journey

Asset-intensive industries are vital for global resources, economic growth, and employment opportunities. However, they also contribute significantly to greenhouse gas emissions, with industrial activities accounting for 28% of the world's total emissions. To meet the emissions reduction targets set by the Paris Agreement, decarbonizing industrial processes is essential. Digitalization and software solutions for sustainability play a critical role in achieving these goals. The urgency to reduce greenhouse gases requires a large-scale industrial digital transformation to limit global warming to 1.5°C or 2°C as per the Paris Agreement.

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Unlocking Operational Excellence with Aspen Production Execution Manager

Introduction to Aspen Production Execution Manager

Aspen Production Execution Manager is a cutting-edge solution designed to accelerate time-to-market by executing work orders faster, accurately, and consistently. This powerful tool digitalizes paper-based manufacturing processes through procedural automation and electronic batch records. By streamlining implementation with a standardized library of configurable templates that adhere to ERP interface and procedure control standards like ISA-95, ISA-88, and BPMN, companies can achieve higher levels of operational excellence.

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