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TVK ties up with aspenONE for new ethylene & polyethylene plants

13 Dec '06

3 min read

The new Mitsui high density polyethylene (HDPE) plant is being optimized using the aspenONE Advanced Process Control for Polymers application.

This production control solution is based on the Aspen Apollo non-linear control technology which is specifically designed for the complex behavior of polymer processes. The application optimizes process performance in both steady-state and transitions, delivering increased yield and throughput, faster transition times, minimized off-specification product and reduced process variability.

“TVK's decision to select our aspenONE for Advanced Process Control applications for their major new facilities highlights our continued leadership in the APC market and reflects the growing demand for our products in Central and Eastern Europe,” said Blair Wheeler, Senior Vice President, AspenTech. “The extensive chemicals and polymers industry experience of our consultants and implementation teams will help to ensure that TVK realizes sustained value from the solutions and further enhances its competitive position.”

License revenue from this project was recognized in the fiscal quarter ended June 30, 2006.

Tisza Chemical Group Plc operates the largest petrochemical complex in Hungary. An integrated production company, TVK makes ethylene and propylene from naphtha and gas oil that are processed using world-class technology to produce low-, medium- and high-density polyethylene and polypropylene. TVK is a member of the MOL Group.

Aspen Technology Inc provides industry-leading software and professional services that help process companies improve efficiency and profitability by enabling them to model, manage and control their operations.

Aspen Technology Inc

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