Optimizing Maintenance Programs for Improved Production
AspenTech for Refining empowers reliability and maintenance teams to optimize maintenance programs for improved production and lower overall costs by predicting and minimizing the impact of equipment downtime. By utilizing this solution, businesses can reduce maintenance costs by 20-30% per year and increase throughput by 1-5%, enhancing operational efficiency and profitability.
Realizing the Potential of AI-Driven Prescriptive Maintenance
With AspenTech for Refining, businesses can unlock the untapped value and productivity potential of their assets through a scalable, user-friendly solution driven by artificial intelligence and machine learning. This solution enhances the precision of failure detection, extends the lead time for anticipating asset downtime events, and reduces maintenance expenses. Industrial companies across the globe are successfully scaling prescriptive maintenance, showcasing the effectiveness of this innovative approach.
Impact Key Business Processes to Drive Best-in-Class Reliability
AspenTech for Refining focuses on key business processes to drive best-in-class reliability. This includes risk assessment, management, and optimization, asset failure mode mitigation, asset performance, and risk mitigation, as well as operational decision support. By evaluating plants at a system-wide level, businesses can optimize availability, uptime, efficiency, and capital, ensuring the smooth operation of critical processes and equipment while minimizing risks and enhancing overall reliability.
Mitigate Asset Failures for Production Gains
The AspenTech for Refining solution enables businesses to mitigate asset failures through continuous 24/7 monitoring of key equipment and action-based prescriptive outcomes. By proactively identifying potential failures and implementing targeted maintenance strategies, organizations can drive production gains, reduce maintenance costs, and increase asset availability, leading to improved operational efficiency and profitability.
Strategic Asset Performance and Risk Mitigation
With AspenTech for Refining, businesses gain strategic insight into operational and maintenance actions to balance cost with risk and establish the optimum maintenance approach for the plant or enterprise. By leveraging outcome-based decision modeling and advanced simulations, organizations can optimize energy and emissions management, production, and maintenance costs, ensuring efficient operations and sustainable performance.
Enhancing Operational Decision Support
The AspenTech for Refining solution enhances operational decision support by utilizing outcome-based decision modeling based on system performance simulations. By weighing risk and reward in real-time, businesses can optimize energy and emissions management, production, and maintenance costs, enabling informed and data-driven decision-making to drive operational excellence.