CIMdata PLM Industry Summary Online Archive
11 October 2004
Product News
AspenTech and Shell Global Solutions Announce Cooperation Agreement to Deliver Petroleum Solution
Aspen Technology, Inc. and Shell Global Solutions International BV announced that they have executed a cooperation agreement to deliver planning, scheduling, and blending solutions to the petroleum refining industry. Under terms of the agreement, Shell Global Solutions will be an authorized value-added reseller and implementer of choice for the Planning, Scheduling and Blending module of aspenONE for Petroleum. aspenONE for Planning, Scheduling and Blending consists of AspenTech's industry leading software Aspen PIMST, Aspen Orion XTT and Aspen MBOT, and helps petroleum companies manage and optimize their refinery operations, resulting in more efficient processes, increased utilization and improved margins.
"From the customer's perspective, this relationship expands the options for high-value-added solutions in the petroleum supply chain," said Greg Lewin, CEO, Shell Global Solutions International BV. "aspenONE for Petroleum is a compelling solution, and its Planning, Scheduling and Blending module has wide market acceptance. Deploying the module in combination with the operational experience, best practices and delivery capabilities of Shell Global Solutions, can bring more value to customers than the two in isolation. Shell Global Solutions will be able to offer and apply this solution as part of supply chain and business-wide improvement programs in the oil & gas, petroleum and chemicals industries."
"We recommend Shell Global Solutions as implementer of choice, given their expertise, extensive operational experience and best practices in refinery planning and scheduling," said David McQuillin, President and CEO, AspenTech. "We have also given exclusive access to our implementation know-how to Shell Global Solutions. There are significant opportunities for the refining industry to improve margins, and the combination of our capabilities will help customers to capture even more value. This agreement is a strong validation of AspenTech's strategy to deliver petroleum industry solutions for the Enterprise Operations Management market space."
Future priorities for the cooperation will include the introduction of an expanded range of solutions, developed by integrating the capabilities of existing products currently offered by AspenTech and Shell Global Solutions.
Shell Global Solutions is a network of independent technology companies in the Royal Dutch/Shell group. It provides business and operational consultancy, technical services, and research and development expertise to the energy industry worldwide. Shell Global Solutions supports customers in a variety of sectors: oil exploration and production; refining, from product manufacture to supply and distribution; oil marketing, for fuels, lubricants and bitumen; gas and liquefied natural gas; chemicals; process industries including automotive, power and paper; and motorsport. For more information, visit http://www.shellglobalsolutions.com .
Become a member of the CIMdata PLM Community to receive your daily PLM news and much more.
Tell us what you think of the CIMdata Newsletter. Send your feedback.
CIMdata is committed to your privacy. Your personal information will never be sold or shared outside of CIMdata without your express permission.