Aspen Technology, the asset optimization software company, recently announced that China HuanQiu Contracting and Engineering Corporation (HQC), a wholly-owned subsidiary of China Petroleum Engineering, has implemented Aspen HYSYS Dynamics software to maximize safety, throughput, and profits at the design phase of critical systems. The easy adoption of dynamic process simulation software advances HQC’s digital transformation journey to increase asset value and improve performance early in the asset lifecycle.
According to VP Zhang from HQC: HQC has implemented Aspen Technology’s Aspen HYSYS Dynamics software to validate the natural gas liquefaction system and petrochemical process design of an owner-operator customer. With this implementation, HQC achieves an intelligent design, which enables optimization across multiple operating scenarios to maximize economic and safety outcomes. With the ability to offer advanced digital solutions to customers, HQC is in a strong position to pursue overseas market opportunities.
Dr. Filipe Soares-Pinto, senior vice president, Aspen Technology’s Growth Markets opined that by digitally transforming the design phase of the asset lifecycle using aspenONE Engineering software, HQC is strengthening its market leadership, while becoming more responsive to its owner-operator customers. This will enable HQC to capture upside in the global engineering and construction industry.
Aspen HYSYS Dynamics is process simulation software that makes it easy for plants to convert steady state process models into dynamic process simulation models to study time-dependent oil and gas processes, including gas processing, petroleum refining and petrochemical.
Keywords: Aspen Technology, China HuanQiu Contracting and Engineering Corporation (HQC), Aspen HYSYS Dynamics, Digital Transformation, ARC Advisory Group