Technip Energies and Arundo have joined forces to deliver a new digital service, SPYRO® for Asset Management (SAM). This unique service improves the Operation, Availability and Reliability of ethylene plants by applying the simulation capabilities of SPYRO®.
SAM provides the plant’s personnel with operational key performance indicators, alerts issues and continuously suggests optimization opportunities based on real time plant data by unlocking the information hidden in the historical data of the ethylene plant. It uses Technip Energies proprietary SPYRO® software for prediction and optimization of the plant and applies the key know-how required to design these plants gained by Technip Energies through its experience as a licensor and the delivery of 33% of the worldwide installed capacity. The service leverages the expertise of Arundo, a provider of proprietary software and advanced analytics solutions for asset-intensive industries in the Machine Learning and cloud computing space.
Technip Energies’ leadership in the optimization field is supported by its fundamental design and engineering knowledge on ethylene plants, proprietary equipment and models such as SPYRO®.
Stan Knez, Senior Vice President of Technip Energies Process Technology, commented: “Digitalization is one of Technip Energies’ spearheads and this new service forms an example of that. SAM is an asset to our customers enhancing the operation of their ethylene plants and reducing emissions.”
Tor Jakob Ramsøy, founder and CEO of Arundo, said: “We are really excited about our cooperation with Technip Energies to build an application where artificial intelligence and machine learning is combined with the SPYRO® simulation software in an application that solves real problems and increases productivity. SPYRO® for Asset Management is a testimony on how Technip Energies and Arundo can jointly create innovative solutions.”
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”) trading over-the-counter in the United States. For further information: www.technipenergies.com.
About Arundo
Arundo was founded in 2015 and provides software solutions for asset-intensive industries such as chemicals, oil & gas, maritime, power generation, and metals & mining. Arundo’s tailored, scalable, advanced analytics solutions help customers achieve increased market differentiation, improved sustainability and greater efficiency in asset and equipment operations. Arundo’s proprietary cloud and edge software technology enable customers to rapidly capture value from advanced industrial analytics through tailored software solutions. For further information: www.arundo.com
Contacts
Annette Morgan
Senior Communications Manager
Process Technology
Tel: +1 281-249-2475
Email: [email protected]