AspenTech Acquires BLOWDOWN
Leading Depressurization Technology Supports Critical Activity of Plant Safety for Oil & Gas and Chemical Companies
Aspen Technology, Inc. (NASDAQ: AZPN), a leading provider of software
and services to the process industries, announced it has acquired the BLOWDOWN
software technology from Professor
Stephen Richardson of Imperial College London and Dr. Graham Saville, formerly
of Imperial College London.
BLOWDOWN has been used in hundreds of studies in oil and gas and chemical
companies to model depressurization in process plants. Improving safety through the modeling and
analysis of depressurization systems is a critical activity in the design and
operation of every process plant.
Depressurization or “blowdown” protects key process equipment by
relieving fluids from the equipment in a controlled manner. BLOWDOWN identifies locations in a system
where temperatures can decline dramatically during depressurization. These low temperatures can lead to a drop in
the temperature of the walls of the process vessels below the transition
temperature of the steel from which the vessel or line is made.
The aspenONE® Engineering suite provides market leading
process plant modeling and optimization capabilities. BLOWDOWN provides additional capabilities
that will eventually enable AspenTech to provide a complete depressurization
system optimization capability. This
will result in increased engineering efficiency, reduced capital spend and
increased safety and reliability for AspenTech customers.
Terms of the transaction were not disclosed.
Pietri, President & CEO, AspenTech
Engineering is the most comprehensive, integrated and easy-to-use environment
for process engineering. The addition of
BLOWDOWN will give our customers the ability to model depressurization
scenarios, which is a critical activity in the design and operation of every
process plant. Combining the strengths
of BLOWDOWN with aspenONE’s capabilities to design and analyze overpressure
protection systems makes it possible to generate inherently safer and more
aspenONE Engineering products
AspenTech YouTube channel – aspenONE product videos
AspenTech is a leading
supplier of software that optimizes process manufacturing – for energy,
chemicals, pharmaceuticals, engineering and construction, and other industries
that manufacture and produce products from a chemical process. With integrated
aspenONE solutions, process manufacturers can implement best practices for
optimizing their engineering, manufacturing and supply chain operations. As a result, AspenTech customers are better
able to increase capacity, improve margins, reduce costs and become more energy
efficient. To see how the world’s
leading process manufacturers rely on AspenTech to achieve their operational
excellence goals, visit www.aspentech.com.
Aspen Technology may provide information regarding possible future product
developments including new products, product features, product interfaces,
integration, design, architecture, etc. that may be perceived to represent “product
roadmaps.” Any such information is for
discussion purposes only and does not constitute a commitment by Aspen
Technology to do or deliver anything in these product roadmaps or otherwise. Any such commitment must be explicitly set
forth in a written contract between the customer and Aspen Technology, executed
by an authorized officer of each company.
Aspen Technology, Inc. AspenTech, aspenONE, the Aspen leaf logo, OPTIMIZE, and
the 7 Best Practices of Engineering Excellence are trademarks of Aspen
Technology, Inc. All rights reserved. All other trademarks are property of
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