BP, AspenTech renew license agreement to improve operations through technology

BEDFORD, Mass. — Aspen Technology, Inc., the asset optimization software company, announced that BP has renewed its license agreement for aspenONE Engineering, a suite of products focused on process engineering and optimization, and aspenONE Manufacturing and Supply Chain, a suite of process operations and supply chain software.

This global strategic enterprise agreement allows BP to leverage the full range of AspenTech’s solutions, including Aspen PIMS-AO for refinery planning, Aspen Advanced Process Control (APC) solutions and Aspen HYSYS solutions for engineering and optimization.

Through its wide deployment of AspenTech planning software, BP can address key opportunities to move with price cycle and energy trends in refinery planning and execution, improving capacity management and increasing margins.

aspenONE Engineering is a suite of products focused on process engineering and optimization. Process modeling, analysis, safety and design tools are integrated and accessible through process simulators Aspen HYSYS and Aspen Plus.

The aspenONE Manufacturing and Supply Chain software suite allows customers to optimize feedstock, respond quickly to disruptions, capitalize on trading opportunities, and optimize inventory and transportation assets. It delivers complete petroleum supply chain optimization with integrated refinery planning and scheduling and standardized platforms for primary and secondary distribution networks. Aspen PIMS-AO enables planners to quickly and easily solve their complex business challenges. Aspen Petroleum Scheduler supports the key scheduling activities for a refinery.

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