AspenTech Acquires Refining Advantage’s Pipeline and Dock Scheduling Software
Aspen Technology has acquired pipeline scheduling system (PSS) and dock scheduling system (DSS) software from Refining Advantage Inc., AspenTech said Feb. 28. The tools will enable AspenTech customers to further optimize their petroleum supply chains.
PSS allows pipeline companies, refineries and terminals with pipelines to optimize their pipeline schedules and improve profitability and safety. DSS is used by refineries and terminals to schedules their docks, which helps them save on demurrage costs incurred from delays in on-loading and off-loading cargo.