Aspen Technology introduces CCUS planning solution

Industrial software company Aspen Technology has introduced AspenTech Strategic Planning for Sustainability Pathways — an integrated modelling and optimisation solution that aims to guide companies in carbon capture utilisation and storage decision-making and sustainability strategy investments. The AspenTech Strategic Planning solution was developed through a licensing agreement with Aramco.

AspenTech has also announced that it is launching an expanded co-innovation program to bring together owner-operators and EPC companies to collaboratively innovate a wider strategic planning solution portfolio to attempt to optimise across multiple sustainability pathways.

“Asset-intensive industries play a critical role in the path to global net zero, and carbon capture is an important pathway for our customers and requires significant capital investment,” said Rasha Hasaneen, Chief Product and Sustainability Officer at Aspen Technology. “This is the focus of our new strategic planning solution — helping to optimise CAPEX and OPEX investments across the entire carbon capture value chain.”

“Carbon capture is but one sustainability pathway. Through the expanded co-innovation program, we will continue to broaden our solutions into other pathways to help the asset-intensive industries to simultaneously address sustainability and operational performance objectives, given the significant investment that is projected in this area,” said Dr Vikas Dhole, General Manager, Sustainability Solutions at Aspen Technology.

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