AspenTech and Aramco launch innovative CCU software

AspenTech, a global leader in industrial software, has announced a partnership with Aramco, one of the world’s leading integrated energy and chemical companies, enabling AspenTech to introduce a unique, integrated modeling and optimization solution enabling capital-intensive industries to achieve practical results and economical solutions for carbon capture and utilization (CCU).

The new solution is based on technology developed by Aramco in collaboration with the Korea Advanced Institute of Science & Technology (KAIST). Aramco, through its subsidiary Saudi Aramco Technologies Company (SATC), has licensed the technology to AspenTech as part of its broader carbon emissions reduction optimization capabilities. It will aim to identify the most promising carbon CCU pathways by simultaneously considering economics, process design and operational constraints, and carbon dioxide (CO2) reduction. The goal of this innovation is to enable companies to make evidence-based decisions in support of the adoption of carbon management strategies that optimize and accelerate sustainable operations.

dr Aqil Jamal, Chief Technologist Carbon Management at Aramco’s Research and Development Center, said, “The advanced and reliable optimization algorithm developed by Aramco provides a visualized superstructure interface that allows users to intuitively develop case options and cost curves.”

dr Bashir Dabbousi, Director of Technology Strategy and Planning at Aramco, added, “Aramco and AspenTech will combine their strengths to bring together integrated modeling and optimization to make informed carbon strategy decisions and ultimately help achieve sustainability goals.”

dr Vikas Dhole, General Manager, Sustainability at Aspen Technology said, “Our agreement with Aramco demonstrates the importance of technology innovators working together to address the biggest challenges for a sustainable future. The AspenTech solution, built on this partnership between AspenTech and Aramco, is designed to help companies quickly evaluate potential opportunities and new innovative solutions that reduce carbon footprint while ensuring profitability.”

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The goals of the solution are to enable companies to:

  • Optimize CCU configurations to determine the optimal balance between emissions and profitability goals.
  • Assess the impact of uncertainties on energy costs, carbon charges, and raw material and product costs.
  • Develop short-, medium- and long-term production and strategic plans that include considering optimal CCU options to simultaneously achieve profitability and sustainability goals.

Read the article online at: https://www.hydrocarbonengineering.com/the-environment/14122022/aspentech-and-aramco-to-bring-ccu-software-innovation-to-market/

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