Aspen Technology, a provider of software and services to the process industries, revealed that Samsung Total Petrochemicals (Samsung Total) has deployed aspenONE Planning and Scheduling at its Olefins and Aromatics plants in Korea.
“Based on initial results, we expect to achieve more than US$$5 million (A$5.56 million) in savings annually, as a result of optimised operations and consequently improved margins,” said Young-In Yoon, VP of Base Chemical Production Business Unit, Samsung Total.
aspenONE Planning and Scheduling for Olefins helps fill the gap between planning and production execution, and completes Samsung Total’s vision of a fully integrated, multi-level process optimisation system.
More optimised operations at Samsung Total now include:
- Better inventory visibility on feed stocks and final productsDevelopment of “what if” scenarios for various business decisions and their impending production outcomes
- Reduced gaps between optimal plan ning targets and actual outcomes
- Improved feedback loops on plan vs. schedule vs. actual
Samsung Total is a long-time user of aspenONE process optimisation solutions and is one of Total Petrochemical’s most efficient plant complexes. “AspenTech’s vision is to enable every process company to achieve operational excellence and improve profitability across the enterprise,” said Henry Lau, senior vice president & managing director for APAC, AspenTech.
Amid the global economic downturn, Samsung Total chose to add AspenTech’s planning and scheduling solution to compete more effectively and find ways to improve margins.