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Reliance extends licensed use of Apsen Technology software
06 Oct '05
2 min read
Leading Software provider Aspen Technology Inc announced that Reliance Industries Limited (RIL), India's largest private company, has signed a license agreement to significantly expand its use of the Aspen Plus steady-state modeling application.
The licenses will be distributed at various sites throughout RIL's network of petrochemical plants and at its petroleum refinery and the product will form the cornerstone for all of RIL's engineering software applications. The agreement also provides for multi-year renewal of maintenance services for existing licenses of Aspen Plus and Aspen HYSYS.
The expansion of its Aspen Plus license will help RIL move towards the adoption of a corporate standard simulation platform and to streamline its engineering efforts. It will also provide opportunities to follow the industry trend of leveraging process models in applications beyond off-line engineering, such as in integrated engineering, on-line performance monitoring and on-line optimization.
"Company look forward to further developing their longstanding relationship with RIL through the expansion of its Aspen Plus license," said Blair Wheeler, Senior Vice President, Marketing, AspenTech. "Recognizing the importance of standardization for success in today's competitive markets, they are committed to helping RIL achieve its vision of leveraging standardized process models for improved operational and business decision-making."
In addition to its use of Aspen Plus and Aspen HYSYS, RIL currently licenses several other AspenTech applications in its plant operations including Aspen PIMS, Aspen DMCplus and Aspen InfoPlus.21.
The licenses will be distributed at various sites throughout RIL's network of petrochemical plants and at its petroleum refinery and the product will form the cornerstone for all of RIL's engineering software applications. The agreement also provides for multi-year renewal of maintenance services for existing licenses of Aspen Plus and Aspen HYSYS.
The expansion of its Aspen Plus license will help RIL move towards the adoption of a corporate standard simulation platform and to streamline its engineering efforts. It will also provide opportunities to follow the industry trend of leveraging process models in applications beyond off-line engineering, such as in integrated engineering, on-line performance monitoring and on-line optimization.
"Company look forward to further developing their longstanding relationship with RIL through the expansion of its Aspen Plus license," said Blair Wheeler, Senior Vice President, Marketing, AspenTech. "Recognizing the importance of standardization for success in today's competitive markets, they are committed to helping RIL achieve its vision of leveraging standardized process models for improved operational and business decision-making."
In addition to its use of Aspen Plus and Aspen HYSYS, RIL currently licenses several other AspenTech applications in its plant operations including Aspen PIMS, Aspen DMCplus and Aspen InfoPlus.21.
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