Aspen Technology, a global leader in asset optimization software, has received the prestigious Federation of Indian Petroleum Industry (FIPI) 2021 Digital Technology Provider of the Year Award, which recognizes companies for implementing the most cutting-edge digital technologies in the industry. Launched in 2007, FIPI Oil and Gas Awards were created to recognize leaders, innovators, and pioneers, in the oil and gas industry. An industry interface with government and regulatory authorities, members of FIPI includes all major companies operating in the oil and gas sector in India.
A landmark Bharat Petroleum Corporation Limited (BPCL) customer case study anchored this win by showcasing how the Mumbai Refinery adopted a real-time digital twin, based on the use of AspenTech’s digital twin and Advanced Process Control (APC) products. The digital twin has been implemented online and integrated with an associated advanced process control (APC) solution, such that the optimization engineer uses the digital twin on an hourly basis to inform the adjusting of the APC levers for optimum steam use efficiency and amine utilization effectiveness.