Aspen Technology, Inc., provider of asset optimization software, announces that Vinythai Public Company Limited (Vinythai), a petrochemical company based in Thailand, has selected Aspen Mtell software “to achieve business sustainability via embedded artificial intelligence.” The company reportedly plans to deploy the predictive and prescriptive maintenance software at its petrochemical plants in Rayong, Thailand to reduce failure and improve reliability.
Khun Apichart Kijjaroenvisal, plant manager, Vinythai, says, “Aspen Mtell software will enable two of the company’s petrochemical plants, producing polyvinyl chloride (PVC) and vinyl chloride monomer (VCM), to capitalize on embedded artificial intelligence and achieve greater productivity.”
Pramodkumar Lakhmapure, area sales director, Aspen Technology, adds, “In a fast-changing and volatile economy, businesses need to remain agile and operationally efficient.”
Aspen Mtell mines historical and real-time operational and maintenance data to discover the precise failure signatures that precede asset degradation and breakdowns, predict future failures and prescribe detailed actions to mitigate or solve problems via predictive and prescriptive maintenance, according to the company.
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