AspenTech unveils strategic planning solution for sustainability pathways

Aspen Technology, the industrial software global provider, has revealed its groundbreaking AspenTech Strategic Planning for Sustainability Pathways. The cutting-edge, integrated modelling and optimisation solution is crafted to assist companies with their carbon capture utilisation and storage decision-making while advancing their sustainability strategy investments.

The AspenTech Strategic Planning solution was born through a fruitful licensing agreement with Aramco, one of the world's foremost integrated energy and chemicals companies. Leveraging this successful collaboration, AspenTech is also unveiling an extended co-innovation scheme to assemble trailblazing owner-operators and EPC enterprises. The core goal is a unanimous mission: to collaborate and innovate a broader strategic planning solution portfolio that optimises across numerous sustainability pathways.

As companies across the globe are channelling significant investments into technologies to decrease greenhouse gas emissions, the Strategic Planning solution is expressly aimed at these substantial capital investments, driving value and meaningfully impacting sustainability goals. The solution promises a strong alignment with long-term operational performance objectives.

AspenTech's solutions leverage cutting-edge technologies like artificial intelligence, machine learning, and optimisation algorithms to address complex challenges and drive digital transformation within industrial processes. With a focus on innovation and customer success, AspenTech continues to be a trusted partner for companies seeking to achieve operational excellence and sustainability goals.

Rasha Hasaneen, Chief Product and Sustainability Officer at Aspen Technology, keenly outlined the importance of this breakthrough, stating, "Asset-intensive industries play a critical role in the path to global net-zero, and carbon capture is an essential pathway for our customers requiring significant capital investment." She underlines the principal focus of the new strategic planning solution, "helping to optimise CAPEX and OPEX investments across the entire carbon capture value chain."

Highlighting the initiative's forward-thinking intentions, Dr. Vikas Dhole, General Manager of Sustainability Solutions at Aspen Technology, offered further insight. He said, "Carbon capture is but one sustainability pathway. Through the extended co-innovation scheme, we aim to continue broadening our solutions into other pathways. It is crucial to assist asset-intensive industries in simultaneously addressing sustainability and operational performance objectives, especially considering the significant investment projected in this area."

The introduction of AspenTech's Strategic Planning for Sustainability Pathways marks a significant milestone in the realm of industrial software solutions. With a focus on assisting companies in their carbon capture utilisation and storage decision-making, this groundbreaking solution underscores AspenTech's commitment to advancing sustainability strategies and driving meaningful impact in greenhouse gas emissions reduction. Through collaborative efforts with industry leaders like Aramco and a dedication to co-innovation, AspenTech is poised to continue expanding its solution portfolio, offering tailored support to asset-intensive industries as they navigate the complexities of sustainability and operational performance optimisation.