Rompetrol rolls out its digital transformation strategy with Aspen

Aspen Technology, today announced that Rompetrol Rafinare, a KMG International Group member and the largest refinery company in Romania, has purchased Aspen Mtell software and Aspen Fidelis Reliability software licenses from the aspenONE Asset Performance Management (APM) software suite, as an integral part of its digital transformation strategy.

John Hague, senior vice president and general manager for APM Business at AspenTech

AspenTech’s solutions will be instrumental in improving production uptime and reducing maintenance costs as part of Rompetrol’s digital strategy focusing on improving the reliability and availability of its assets. AspenTech products, including Aspen Mtell and Aspen Fidelis Reliability, allow Rompetrol not only to detect plant failures in advance, but also to understand their financial impact, allowing for improved asset planning and enhanced operational decisions.

Yedil Utekov, general manager of Rompetrol Rafinare said “Our goal is to achieve ‘one view’ of our refinery operations to bring greater operational efficiency and value. Working with AspenTech we are able to identify failures significantly earlier, reducing equipment damage and unplanned process downtime.”

Identifying weak links in reliability, maintainability and availability will help the business to compete effectively, while prioritizing further improvement initiatives and complying with regulations such as IMO2020 which comes into effect January 1, 2020 and calls for a 0.50% global sulfur cap for marine fuel content.

Utekov added “AspenTech’s experience in our industry, coupled with the fact that its product portfolio represents one of the broadest footprints of asset optimization solutions in the market, allows us to take this step forward in our digitalization strategy. AspenTech’s APM suite gives us improved asset availability and its advanced process control solution gives us better utilization. We will be able to plan, intervene and save significant production time each year. That combination equates to top line and bottom line improvements for our business.”

John Hague, senior vice president and general manager, AspenTech’s APM Business Unit explained “Initially Rompetrol was concerned the plant was not adequately instrumented to take advantage of Aspen Mtell’s machine learning capabilities.  However, Aspen Mtell was able to produce accurate predictions from the outset. AspenTech has given Rompetrol a tool that can deliver immediate value and avoid unnecessary implementation expense.”

Hague continued “By analyzing and interpreting more of their available data, the refinery team can accelerate previous analysis processes to reduce maintenance costs, enable Rompetrol to significantly mitigate production losses and minimize disruptions to its customers.”