Cost estimation is one of the key aspects of any engineering project, as it provides the basis to decide the feasibility and budget for the project. Yet cost estimation is often enclosed by uncertainty since during early engineering stages there is still very little information available. How can engineering teams find the most profitable designs when the project is still under development?

As the hydrogen economy continues to gain momentum, organizations are looking for faster, more efficient ways to design and deploy hydrogen projects. Growing pressure to meet sustainability targets is only increasing the demand to make these initiatives both viable and profitable.

Leading chemical companies across the globe face more competitive pressures with volatile market conditions and a rapidly changing workforce pushing the demand for increased sustainability and profitability. Digital twin software offers new levels of operational excellence through enterprise-wide insights that drive improved business operations.

Recently AspenTech and the ARC Advisory Group conducted a study on the circular economy among industrial manufacturers. Early results indicate that complex supply chains and proven technologies are the most significant barriers to achieving circular economy goals with 75% of respondents believing digital capabilities are essential.

With digital initiatives underway in the process industries, equipment layout, piping design, cost estimation and construction planning are getting a long-overdue overhaul. Learn how you can more easily move your engineering and estimating data across these functions for faster, more efficient FEED completion and handoff to detailed design.

Actualmente existe mucho interés en las iniciativas de digitalización en la industria de proceso, diseño de equipos, diseño de tuberías, la estimación de costos y la planificación de la construcción. Durante este webinar conozca cómo puede aprovechar los datos de ingeniería y estimación de una forma más eficiente para una finalización de FEED más rápida y transferencia de datos a ingeniería de detalle.

As digitalization initiatives sweep through engineering departments at both EPC and Owner companies, executives are striving to better connect their design, engineering and estimating workflows. With improved design outcomes and more accurate and timely estimating on the line, the clock is ticking to deliver results from these initiatives.

Sustainability remains top-of-mind for most executives as they work to balance environmental concerns with business performance. Digital solutions have emerged as a key enabler to help companies make progress toward their sustainability goals.

Las empresas de energía y productos químicos siempre buscan reducir el CAPEX mientras aceleran los proyectos en facilidades existentes. La nueva tecnología de AspenTech de diseño 3D conceptual OptiPlant, integrada con otras herramientas de estimación y simulación de procesos, puede reducir el tiempo de análisis de alternativas a la mitad e identificar de la forma más rápida el mejor diseño y así poder ahorrar hasta un 30% en CAPEX.

According to a June 2020 McKinsey report, “The Next Normal in Construction,” EPCs have an opportunity to double their profitability by embracing a handful of “emerging disruptors.” One of these disruptors, digitalization of processes, is within reach of most EPCs and aligns with initiatives already underway at many firms. Join us to learn more about: