GE, Toyo to find digital solutions for petrochem industry

23 Dec '16

1 min read

General Electric Company (GE) and Toyo Engineering Corporation have signed a memorandum of understanding (MoU) for a joint project to explore digital solutions for the petrochemicals industry. GE has experience in providing asset reliability solutions across the oil & gas segments, while Toyo has expertise on processes and plant operations as EPC contractor.

As per the MoU, GE and Toyo will jointly work to evaluate, define and confirm the technical and economic feasibility of the deploying of GE Predix, a unique cloud-based platform built exclusively for industry, and Asset Performance Management (APM) software, to implement specific solutions for pre-FEED, FEED, EPC, commissioning, operation and maintenance phases of petrochemical and fertiliser facilities.

GE provides asset reliability solutions across around the world, through advanced sensors, combination of data driven and physic based analytics, and troubleshooting expertise. Toyo brings its complementary expertise on processes and plant operations as EPC contractor of fertiliser and petrochemicals plants and as licensor of urea synthesis and granulation technologies. (RKS)

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