Aspen Technology, Inc. (NASDAQ: AZPN), a leading provider of software and services to the process industries, was awarded Best Energy Management Technology at the Asian Manufacturing Awards 2013. The awards are organized by Contineo Media, the parent company of Control Engineering Asia, a leading publication that reports on the process industries across Asia-Pacific.
Contineo Media’s 22-person, independent judging panel cited use of Aspen Plus ®, Aspen Energy Analyzer, and Aspen Exchanger Design and Rating at LG Chem, Korea’s largest chemical company. By deploying AspenTech software, LG Chem achieved a 15% increase in plant efficiency and reduced energy use by improving heat recovery.
aspenONE Engineering software enables the world’s leading process manufacturers to simultaneously model energy use, capital and operating costs, and process designs to work more efficiently and to develop a deeper understanding of their operations. In addition, companies use aspenONE Manufacturing and Supply Chain optimization software to meet regulatory standards, reduce carbon emissions, manage energy efficiency, and operate more profitably.
Supporting QuotesBob Gill, Editor-in-Chief, Control Engineering Asia “As the largest consumer of energy, the industrial sector is keenly focused on energy efficiency and energy consumption. The Best Energy Management Technology Award went to AspenTech in recognition of proven offerings to the process industries. Software solutions such as Aspen Plus and Aspen Energy Analyzer allow owners of large, complex facilities to realize significant savings that are a foundation for sustainable operations.” Sungchul Yoo, General Manager, LG Chem “The aspenONE engineering suite was integral in developing the solutions used to revamp the butadiene plant. Using aspenONE expedited the optimization process and led to the quick implementation of improvements.” Henry Lau, Senior Vice President for Asia-Pacific, AspenTech “The Asian Manufacturing Awards provide an important platform to recognize leading technology solutions that Asian process manufacturers use to compete better globally and to build a skilled workforce. Asia-Pacific is home to an increasing pool of process manufacturers, and AspenTech plays a key role in helping these companies achieve their operational goals and position themselves for long-term success.”
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts