Sustainability Webinar 12-01-2020

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Sustainability and Technology

Webinar, December 1, 2020


Vikas Dhole and Ron Beck, Aspen Technology Inc.
Moderated by Lee Nichols, HP Magazine
Today’s Presenters

Lee Nichols Vikas Dhole


Editor-in-Chief, Vice President, Product Management
Associate Publisher Aspen Technology, Inc.
Hydrocarbon Processing
Moderator

Paige Morse Ron Beck


Director, Industry Marketing Director, Marketing Strategy
Aspen Technology, Inc. Aspen Technology, Inc.

© 2020 Aspen Technology, Inc. All rights reserved. 2


Agenda
❖ Sustainability Market Forces
❖ Industry Levers for Change
❖ Technology Use Cases

© 2020 Aspen Technology, Inc. All rights reserved. 3


Industry Decarbonization Initiatives
Companies Worldwide are Pursuing Aggressive
Decarbonization Initiatives
▪ Energy Companies:
– NetZero Carbon by 2050: Total, Shell, BP, Repsol, Equinor,
OMV, Petronas, Lukoil, OMV, COP
– NetZero Carbon by 2030: ENI, Sinopec 25% by 2030: ADNOC

▪ Chemical Companies:
– NetZero Carbon by 2050: Dow 2040: LANXESS
– Keep Carbon neutral from 2018 to 2030: BASF
– 15% reduction by 2030: LyondellBasell 50% by 2025: Evonik

▪ Industry Financiers:
– JP Morgan net zero carbon in 2020 and establishes Center
for Carbon Transition (CCT)
© 2020 Aspen Technology, Inc. All rights reserved. 4
Globally, external forces are driving prioritization of sustainability

IEA believes that the likely future


decarbonization scenarios will
drastically impact energy mix … to
achieve the orange and green … Through 2030, Renewables will be
scenarios, very extensive investment more and more important (the
in energy transition will be needed green) and oil and gas will grow, but
slowly (the red and purple) … … external social and investment pressure
is driving chemical industry towards a
heavy focus on the circular economy …

Sources: IEA Webinar, 11/2020 and Accenture


© 2020 Aspen Technology, Inc. All rights reserved. 5
Regionally, Europe, Middle East and Americas have the highest focus on
sustainability; Asia has highest demand growth

… Trends will diverge by region, with Asia and Africa


(left 4 bars) showing growth and US, Japan &
Europe at the slowest GDP and energy growth rate
and shifting most towards renewable energy … low carbon incentives and carbon taxes vary
sources … considerably by region and country and will
continue to drive different digital investment
Source: IEA, 10/2020 behaviors … Source: carbontax.org
© 2020 Aspen Technology, Inc. All rights reserved. 6
… and the investment community, following social pressures, is
incentivizing industry to invest in and show progress in sustainability

… JPMorgan Chase, largest commercial funder of energy Capital, is driving companies to demonstrate concrete
commitments towards sustainability and progress on metrics …
Source: JPMorgan Chase, Oct 6, 2020

© 2020 Aspen Technology, Inc. All rights reserved. 7


Energy Companies Must Decarbonize Across the Value Chain
Emissions by source, share, and possible solutions (McKinsey data)

CO2 (energy related) CO2 (not energy related) Non-CO2

Extraction Flaring Fugitive Crude Refinery heat Hydrogen Fugitive


and drilling (CO2) emissions/ transport and power production/ emissions
venting (CH4) systems FCC emissions (CH4)

10% 5% 47% 5% 20% 3% 10%

▪ Energy efficiency ▪ Carbon capture, ▪ Vapor recovery ▪ Crude marine ▪ Energy efficiency ▪ Renewable ▪ Vapor recovery
use, and storage units transport hydrogen
▪ Electrification ▪ Change fuel or ▪ Leak detection
▪ No flaring ▪ Leak detection ▪ Crude pipeline feedstock ▪ Reforming and repair
▪ Carbon capture, and repair transport with CCUS
use, and storage ▪ Electrification ▪ Resolve leaks
▪ Bio-based
▪ Carbon capture, hydrogen
use and storage
▪ Change feedstock

Source: McKinsey The Future is Now: How Oil & Gas Companies can Decarbonize, Jan 2020

© 2020 Aspen Technology, Inc. All rights reserved. 8


Technology Will Play a Key Role

© 2020 Aspen Technology, Inc. All rights reserved. 9


Sustainability in Capital Intensive Industries

Resource Energy Transition Circular


Efficiencies & Decarbonization Economy
Reduce usage of resources such Renewable/alternative energy Waste reduction, recycling,
as energy, water or feedstock sources, biofuels renewable feedstocks, innovation

Reduce Emissions & Waste

© 2020 Aspen Technology, Inc. All rights reserved. 10


Greenhouse Gases Metrics in Capital Intensive Industries
Sustainability

Energy Transition Greenhouse Gases


& Decarbonization
Renewable/alternative Metrics to Track Progress
energy sources, biofuels
Immediate Progress:
▪ Carbon Intensity
▪ Energy use
▪ Water use
▪ Harmful Emissions: SOX, NOX,
Reduce GHGs
Emissions & Waste
▪ Toxic substances
▪ Safety (process & people)

Long-term Goals:
Resource Efficiencies Circular Economy ▪ Net Zero Emissions
Reduce usage of Waste reduction, recycling, ▪ Design out Pollution
resources such as energy, renewable feedstocks,
water or feedstock innovation

© 2020 Aspen Technology, Inc. All rights reserved. 11


Material Recycling in Capital Intensive Industries
Sustainability

Energy Transition Material Recycling


& Decarbonization
Renewable/alternative Metrics to Track Progress
energy sources, biofuels
Immediate Progress:
▪ Material Loss Intensity
▪ % Collected for Recycling
▪ Pyrolysis & Feedstock Reuse
▪ Waste Reduction
Reduce
Emissions & Waste ▪ Landfill Reduction
▪ Safety (process & people)
▪ % Renewables in Products

Long-term Goals:
Resource Efficiencies Circular Economy
Reduce usage of Waste reduction, recycling,
▪ Net Zero Emissions
resources such as energy, renewable feedstocks, ▪ Design out Waste & Pollution
water or feedstock innovation

© 2020 Aspen Technology, Inc. All rights reserved. 12


Technology Use Cases and Case
Studies

© 2020 Aspen Technology, Inc. All rights reserved. 13


Sustainability in Capital Intensive Industries: Resource Efficiencies

Energy Transition
& Decarbonization
Renewable and alternative Resource Efficiencies
energy sources, biofuels

Challenge
Energy inefficiency is creating
excess carbon load (up to 25%);
Growing global water shortage
Opportunity
Reduce Improve energy, utility and supply
Emissions & Waste chain effectiveness, efficiency and
sources in current operations
Value
Save 10-15% energy use & cost,
reduce 20% carbon load

Resource Efficiencies Circular Economy


Reduce usage of Waste reduction, recycling,
resources such as energy, renewable feedstocks,
water or feedstock innovation

© 2020 Aspen Technology, Inc. All rights reserved. 14


Energy Efficiency & Fuel Substitution Can Get Companies
30% of the way and is a very strong initial focus

Energy Efficiency is the


key short-term lever with
best economics

Cost of
CO2
Abatement
Strategies

Source: EU Concawe, 2019

Percent of refineries CO2 load that is abated

© 2020 Aspen Technology, Inc. All rights reserved. 15


Energy Management: Simultaneous Demand and Supply Management

Specialized skills needed


OBJECTIVE

CHALLENGES
Optimize energy consumption:
reduce process demand &
optimize utility system Consider demand & supply

Energy-capital-capacity
tradeoffs

© 2020 Aspen Technology, Inc. All rights reserved. 16


Demand Side Energy Savings: Optimum Design & Debottleneck
Aspen Plus®, Aspen HYSYS, Activated Energy, Economics & EDR Analysis

Maximize Energy Efficiency and Reduce Emissions by 5-20%

Benefits
▪ Identify targets to achieve maximum
energy recovery

▪ Reduce energy consumption through


heat integration

▪ Replace and/or optimize the


performance of heat exchanger
networks.

▪ Higher efficient process units

▪ Improve sustainability and reduce


carbon footprint
© 2020 Aspen Technology, Inc. All rights reserved. 17
Energy Optimization in Introduction of New Chemicals Line:
Optionality with integrated modeling achieves reduced energy and CO2 footprint
SUSTAINABILITY GOAL SOLUTION
▪ Aspen HYSYS simulates process
▪ Evaluate process options in alternatives.
new chemicals unit
▪ Activated Energy workflow
▪ Reduce overall energy
consumption and carbon optimizes process heat use
footprint ▪ Aspen Energy Analyzer provides
▪ Improve both lifecycle optimized design
VALUE CREATED economics and energy use
▪ Iterate with HYSYS for best low carbon
▪ Energy optimization workflow identified
solution
energy savings optionality resulting in:
– Steam usage reduction of 24% “Activated Energy Analysis provides an intuitive
– Reduce steam consumption (24.1
USD/T-feed); reduce production of
optimization workflow, saving 24% steam use! ”
steam (17.2 USD/T-feed)

Winner, Best Energy Mgmt. Technology


© 2020 Aspen Technology, Inc. All rights reserved. 18
Company-Wide Initiative to Reduce Energy Consumption and
Greenhouse Gas Emissions by 10.3%; $19.2M/year savings
SUSTAINABILITY GOAL SOLUTION

▪ 10.3% energy consumption ▪ Partnered with Samsung


and GHG reduction by 2020 Engineering to develop
solution:
▪ Overcome the lack of in-
– Aspen Plus, HYSYS, Aspen
house modeling & analysis Energy Analyzer, Aspen EDR
VALUE CREATED project skills and ACCE

Over $19.2M USD savings


per year for large aromatics
Extensive analysis identified and ranked over 250 energy
complex with 1.2 year
payback
improvement ideas

Systematic approach to energy & process optimization,


even for “efficient” plants, results in energy reduction
© 2020 Aspen Technology, Inc. All rights reserved. 19
Optimizing Aromatic Production Distillation Section
for Energy Efficiency and Yield Improvement
SUSTAINABILITY GOAL SOLUTION

▪ Obtain optimal design with ▪ Aspen Plus and Activated


while considering energy Energy Analysis:
costs for conceptual process – Integrated optimization tool
design of purification – Analyzed all major
configurations in the plant and
section.
identified high value
VALUE CREATED opportunities

• Achieved 35% total


energy and CO2 savings
Integrated technical & economic
• 7% Reduction in
minimum product selling Analysis resulting in Optimum
price
Design
© 2020 Aspen Technology, Inc. All rights reserved. 20
Digital Twin Reduces Energy Consumption and CO2 Emissions
Improve Process Online model mirrors real plant behavior enabling improved
Performance & Reduce operations, higher margins, lower CO2
Energy and CO2

Benefits

▪ Support operational decisions


▪ Reduce emissions and violations
▪ Train operators for startups,
shutdowns and unexpected events
▪ Improve margins
▪ Understand and visualize operations
▪ Monitor equipment performance
▪ Provide operating targets for
Advanced Process Control

© 2020 Aspen Technology, Inc. All rights reserved. 21


Refinery Emissions Digital Twin: Model for Virtual Measurements
improved emissions tracking, reporting efficiency, and refinery unit yields
SUSTAINABILITY GOAL SOLUTION
▪ Stay in compliance under ▪ First principles (simulation)
dynamic emission rules model (HYSYS), calibrated
▪ Improve accuracy, quality and online with plant data
speed of emission reporting for
▪ CO2 SOX, NOX and
KPI insight
emissions and furnace and
▪ Run at maximum yield while FCC performance calculated
VALUE CREATED meeting CO2 reduction and online
compliance targets
Emissions reporting:
▪ Increased KPI visibility
▪ Increased reporting accuracy “Emission Model digitally helps us improve the fuel mix that
can reduce emission keeping a balance with profitability. This
▪ Emissions and performance could be provided only by a model-based system capable of
insights viz. sustainability targets monitoring instantaneous values.”
Emission based crude optimization - N Chandrasekhar, General Manager Winner: Best
FS&E, BPCL Kochi Refinery, 1/2020 Innovation for
2020
© 2020 Aspen Technology, Inc. All rights reserved. 22
Plantwide Digital Twin Creates Energy Savings and CO2 Reduction
Aspen Plus model with operator interface saves 15% steam use
SUSTAINABILITY GOAL SOLUTION
▪ Developed plant-wide digital
▪ Improve operational efficiency
& effectiveness at growing twin model based on process
ethanolamines site simulation (Aspen Plus)

▪ Created simple interface for


▪ Provide easy-to-use interface
for both operators and plant operators (ASW)
VALUE CREATED technical support team for agile ▪ Runs thousands of case studies
decision-making to improve operations
15% reduction in steam
consumption, with
OXITENO uses this plant-wide digital twin to solve operating
reduction in GHG emissions
problems, help operators, & improve sustainability.

A simple control room interface provides intuitive access to


operators
© 2020 Aspen Technology, Inc. All rights reserved. 23
Energy Savings, CO2 Reduction, and Yield Increase
With Advanced Control (DMC3) and Models Online
SUSTAINABILITY GOAL SOLUTION

▪ Optimize overall process ▪ DMC commissioned first to


performance including help adjust multiple
variables and still meet
reduction in energy and CO2
product demands
consumption
▪ Digital twin optimization
models added later to
VALUE CREATED address product profitability
1.05 1.11
1.06 shifts and energy costs
APC and online
1.0 optimization
models together reduced
$ / hr

Project increased production by 7% and reduced energy


energy
0.91 use 7-9% &
increased reactor energy
use by 7-9%
efficiency by as much as - David Platt, Dow Chemical
Baseline Best DMC DMC+RTO Mature
68% Practices
© 2020 Aspen Technology, Inc. All rights reserved. 24
Supply Side Energy and Emissions Reduction
Aspen Plus®, Aspen HYSYS, Aspen Utilities Online Optimizer, Aspen DMC3

Reduce Site Wide Energy Expenditures and Emissions by 1-5%

Benefits
▪ Monitor and optimize energy
demand and supply

▪ Create dashboards to monitor


emissions & other relevant KPIs

▪ Develop optimal plan for purchase,


generation and distribution of
utilities

▪ Deploy and maintain online digital


twins for process and utility models
driving APC targets

© 2020 Aspen Technology, Inc. All rights reserved. 25


Energy, CO2, and Operating Cost Reduction with
Closed-Loop Utilities Optimizer and APC
SUSTAINABILITY GOAL SOLUTION

▪ Shut down of part of the ▪ Site-wide utilities model


Ichihara plant created deployed online using:
opportunities to operate – Real-time historian data
differently to reduce cost – Aspen Utilities model
and emissions, maintaining – Aspen DMC (APC) to
VALUE CREATED a stable utility supply automatically implement
optimal solution
1% improvement in energy
efficiency;
Lower boiler and turbine loads increased flexibility to
1.5% cost reduction
operating conditions and fuel purchase strategies.
Increased flexibility to
choose optimal fuel type, Solution operators to make informed choices to achieve
depending on current prices lowest cost energy supply.
© 2020 Aspen Technology, Inc. All rights reserved. 26
Summary: Potential to Deliver 10-30% Energy Savings Today
Typical Energy Savings*
5-20% Total energy
3-5% 2-10% savings:
2-10% 10 - 30%**

100%

AspenTech Energy Efficiency


70-90%
10-30% More Energy
Efficiency
possible with digital technologies in
Solutions
industrial processes
(IEA Energy Efficiency Oct 2019)

Current energy Design Planning & Performance Advanced Future energy


use Scheduling Management Process Control use

Sequencing varies based on priorities

* Typical savings based on 26 energy efficiency case studies


** Total savings depends on overlap & synergies

© 2020 Aspen Technology, Inc. All rights reserved. 27


Sustainability in Capital Intensive Industries: Decarbonization

Energy Transition Energy Transition &


& Decarbonization
Renewable and alternative Decarbonization
energy sources, biofuels

Challenge
Reduce carbon footprint and
emissions over process life-cycle to
achieve long-term carbon neutrality
Opportunity
Reduce Renewable energy sources,
Emissions & Waste green/blue hydrogen and biofuels;
CO2 capture, utilization and storage
Value
At least 20-50% less footprint, >90%
less carbon taxes through CCUS

Resource Efficiencies Circular Economy


Reduce usage of Waste reduction, recycling,
resources such as energy, renewable feedstocks,
water or feedstock innovation

© 2020 Aspen Technology, Inc. All rights reserved. 28


Carbon Capture System Modeling & Optimization
[ Process Modeling, Aspen Rate-Based Distillation, Economics, APC ]

Achieve Dramatic Reduction in CO2 load via Optimum Carbon Capture System

Benefits
▪ Optimize Carbon Capture Separation
– Accurate Rate-based Distillation
– Interactive Distillation Analysis
Integrated Economic Analysis
▪ Improve energy use and process
economics

▪ Identify cost-effective process to


accelerate commercialization
– Activated Economic Analysis &
Integrated Capital Cost Estimates

▪ Proven track record - multiple projects Interactive Distillation Analysis Rate Based Distillation Modeling

© 2020 Aspen Technology, Inc. All rights reserved. 29


Simulation of Carbon Capture from CASTOR Project Pilot Plant Data
SUSTAINABILITY
CHALLENGE GOALS SOLUTION
SOLUTION
Evaluate techno- Applied Aspen Plus and
Rate-Based Distillation to
economic feasibility of simulate oxycombustion and
new power processes CO2 capture
with integrated carbon
capture Aspen Process Economic
VALUE CREATED Analyzer to evaluate process
operating & capital costs
Identified saving opportunity of
$23million / year using advanced
solvents instead of MEA “Rate-based distillation models are better than
Determined parasitic energy loss equilibrium models in simulating the CO2 capture
and additional capital costs process”
required for CO2 capture Josh Stanislowski, Energy & Environmental Research Center, University of
North Dakota
Josh Stanislowski and Tony Snyder, AspenTech Webinar “Modeling
© 2020 and Cost
Aspen Evaluation
Technology, ofrights
Inc. All Carbon Capture Processes”, May 2, 2012
reserved. 30
Integrated Oxy-fuel Power Generation System with CO2 capture
SUSTAINABILITY
CHALLENGE GOALS SOLUTION
SOLUTION
▪ Identify and improve best ▪ Complete Aspen HYSYS and
carbon capture energy model for integrated
technologies to support oxy-combustion technology,
evaluated optionalities,
Canada national carbon
optimized process for
reduction targets
VALUE CREATED energy use and CO2 capture

Proved CO2 removal


performance
Maximize CO2 capture through
Proved energy efficiency process integration while
achieving minimum energy use
Proved power generation
economics
© 2020 Aspen Technology, Inc. All rights reserved. 31
Simulation of Carbon Capture from CASTOR Project Pilot Plant Data
SUSTAINABILITY
CHALLENGE GOALS SOLUTION
SOLUTION
Optimize operating Applied Aspen Plus and
Rate-Based Distillation for
conditions: liquid rate, lean CO2 capture using MEA
loading, gas temperature,
packing height, packing type,
etc.
VALUE CREATED
The absorber model was
able to accurately predict
the temperature and CO2
profiles of the CASTOR Pilot
Plant data, enabling process
design & cost evaluation
Ref: “Aspen RateSep Absorber Model for CO2 Capture, CASTOR Pilot
© 2020 Plant”
Aspen Russ Dugas,
Technology, IFP –reserved.
Inc. All rights Lyon, France 32
Bio-based Fuels and Chemicals; and H2 Economy
[ Aspen Plus®, Activated Energy and Economics, APC ]

Substitute Low Net Carbon Biofuels and Bio Based Chemicals

Benefits
▪ Integrate bio-based process units into refining and
chemical production flows:
– Reduce carbon-footprint
– Re-cycling of plastics and wastes with
pyrolysis
Biofuels Innovation & Commercialization Electrolysis Process for Hydrogen
▪ Improve energy use and economics of processes;
accelerate commercialization

▪ Many template models available for 1st and 2nd


Generation bio-processes

▪ Modeling to improve e-Hydrogen economics

▪ Hybrid Models capture innovative processes Bio Refining and Chemicals Commercially Viable Algae to biofuels
© 2020 Aspen Technology, Inc. All rights reserved. 33
Sustainability in Capital Intensive Industries: Circular Economy

Energy Transition
& Decarbonization
Renewable/alternative Circular Economy
energy sources, biofuels

Challenge
Reduce waste and extend material
use to reduce environmental impact
Opportunity
Design out waste, pollution and
Reduce optimize recovery of energy and
Emissions & Waste material from waste
Value
Reduce waste, material and
transportation carbon footprint 20%,
up to 20% saved life cycle energy1

Resource Efficiencies Circular Economy


Reduce usage of Waste reduction, recycling,
resources such as energy, renewable feedstocks,
water or feedstock innovation
1 McKinsey, 2019

© 2020 Aspen Technology, Inc. All rights reserved. 34


Waste Recovery/Recycle Opportunity

$1.5Bn Innovation
Investment
To develop circular economy solutions
(Alliance to End Plastic Waste)

© 2020 Aspen Technology, Inc. All rights reserved. 35


Source: Alliance to End Plastic Waste, September 2020

© 2020 Aspen Technology, Inc. All rights reserved. 36


Lifecycle Modeling of Polymer Processes: Key to Circular Economy

Design Evaluate Design Operate Improve

Accelerate development of new Evaluate technical and economic Size & rate key equipment. Guide operating decisions. Troubleshoot quality issues.
products and new grades feasibility Verify safety & controllability Minimize energy costs Debottleneck

70% Reduction 25% Faster estimates Saved $1 Million CAPEX, 7-10% Increase Reduced cycle time 25%
in experiments On time, under budget $300k development costs in production

Using Aspen Polymers Using ACCE to analyze Using Aspen Polymers Using On-Line With Aspen Polymers
to optimize recipe costs of a $20 billion to de-bottleneck Digital Twin & Aspen Plus Dynamics
for new polymer product polymer mega-project an HDPE plant for LDPE production for a specialty polymer

2% production increase
Rapid Evaluation of $135k Annual savings
Technical Feasibility 20% less variability in MFI

European Polymer
Producer
Using Aspen Plus and Using Aspen Plus to
Aspen Polymers to design Using online Aspen Polymers
optimize batch recipe for
PET recycling processes model with Aspen Non-Linear
autoclave polyethylene
Model Predictive Control

© 2020 Aspen Technology, Inc. All rights reserved. 37


Address Challenges of Circular Economy
Aspen Plus®

Recover energy and product from plastics

Benefits
▪ Design recovery processes to convert
Pyrolysis
polymer into fuel Gas

– e.g. pyrolysis & gasification Waste


Tires

▪ Optimize chemical recycling


processes to recover monomer and
Air
minimize byproducts
Pyro Oil
▪ Reduce plastic waste and loss of Char

resources Cooling Ash


water

Wojtwicz and Serio, “Pyrolysis of waste tires: A modeling and parameter estimation study using Aspen Plus ®“,
Waste Management V 60, February 2017, Pages 482-493

© 2020 Aspen Technology, Inc. All rights reserved. 38


Eliminating Plastic Waste: Economically Viable Polyester Recycling Process
SUSTAINABILITY GOAL SOLUTION
▪ Evaluate technical & ▪ Develop rigorous models for
economic feasibility of PET chemical recycling process
recycling process and downstream separations
▪ Evaluate feedstock blends

▪ Leverage models for process


VALUE CREATED improvements in greenfield
plants around the world
The model was used as basis
for operational changes for
significant improvement in
plant performance &
process design

© 2020 Aspen Technology, Inc. All rights reserved. 39


AI will Play a Key Role in Sustainability in Capital Intensive Industries

Energy Transition
& Decarbonization
Renewable/alternative
energy sources, biofuels

• Predicting unmeasured
values, E.g. Nox, Sox
• New process technologies
Reduce • Sustained Digital Twins
Emissions & Waste
• Data-driven Models &
Optimization
• Accelerate New Process
Technology Development
Resource Efficiencies Circular Economy
Reduce usage of Waste reduction, recycling,
resources such as energy, renewable feedstocks,
water or feedstock innovation

© 2020 Aspen Technology, Inc. All rights reserved. 40


Hybrid Modeling: Breakthrough Innovation in Modeling

Hybrid Model
Pure First-
Leverage domain knowledge to combine first principles with Pure Machine-
Principles
AI/ML to capture the benefits, while overcoming the Learning Model
Model
challenges, of traditional models

▪ Interpolate and extrapolate


Challenges more accurately Challenges
▪ Easier to analyze and interpret ▪ Need lots of “good” data
▪ May not capture all
phenomenon ▪ Require less training data
▪ May not extrapolate well
▪ Predict inferentials for unmeasured variables
▪ Expertise required or may violate physical
▪ Run more quickly
constraints
▪ Can be time consuming to
create and run ▪ Difficult to interpret

Revolutionize the model creation & deployment workflow to build sustainable


fit-for-purpose models to be used with confidence across the asset lifecycle
© 2020 Aspen Technology, Inc. All rights reserved. 41
Aspen Hybrid ModelsTM Will Accelerate Sustainability Initiatives

Asset-wide Modeling &


Operations Optimization Product/Operations KPIs New Equipment Models
Optimization

© 2020 Aspen Technology, Inc. All rights reserved. 42


For More Information

Energy Transition:
https://www.aspentech.com/en/resources/blog/which-technologies-will-help-
determine-the-winners-in-the-energy-transition

Circular Economy:
https://www.aspentech.com/en/resources/white-papers/improve-sustainability-and-
increase-profits-in-polymers-with-digitalization

Technology and Sustainability Report:


https://www.aspentech.com/en/resources/report/arc-strategy-report-the-
sustainability-future-for-energy-and-chemicals

[email protected] [email protected]

© 2020 Aspen Technology, Inc. All rights reserved. 43


Asset Optimization Powers the Smart Enterprise

© 2020 Aspen Technology, Inc. All rights reserved. 44

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