Cognite (Oslo, Norway), a global industrial AI software company, and Wood plc (Aberdeen, Scotland), a global engineering and consulting company, have agreed to a strategic partnership that will accelerate industrial transformation by creating artificial intelligence (AI) solutions that enable more…
Aspen Technology, Inc. (Bedford, Mass.) it has acquired Camo Analytics AS, a leading provider of industrial analytics based in Norway. The technology and expertise acquired with Camo Analytics will further strengthen AspenTech’s solutions to drive higher levels of performance, profitability…
Lummus Technology (Houston) and TCG Digital announced that the companies have formed a joint venture called Lummus Digital. The joint venture will work with Lummus' existing customers and potential customers to implement digital analysis and operative solutions to their refining,…
SIBUR (Moscow, Russia) has rolled out a novel solution that makes it possible to accurately model physical and chemical processes at petrochemical facilities. The pilot was launched at Tomskneftekhim, where low-density polyethylene reactor was digitally modelled to deliver a considerable…
Siemens (Munich, Germany) announced that it has signed an agreement to acquire Culgi, a computational chemistry software company with a focus on multiscale simulations in the process industries. Culgi will join Siemens Digital Industries Software, where its solutions will expand…
Air Liquide (Paris) is now deploying at a global scale its bulk gases supply chain digitalization program, IBO (Integrated Bulk Operations). Digital technology and the associated massive collection of data from production plants to the clients’ sites enable the improvement…
IIoT technologies have enabled software platforms that are more powerful than ever, but fundamental engineering principles are still at the heart of next-generation digital transformation It is clear that the emergence of industrial internet of things (IIoT) technologies has greatly…
Schneider Electric and Aramco announced they have signed a memorandum of understanding to collaborate on assessing emerging technologies based on the Open-Process Automation Standard (O-PAS). Testing will take place at a new built-for-purpose test bed in the Saudi Schneider Electric…
AVEVA plc (Cambridge, U.K.) announced that it has signed an agreement to help accelerate Shell Global Solutions International B.V’s digital transformational strategy by deploying AVEVA’s cloud software solutions. AVEVA will provide Shell with its Engineering Data Warehouse technology, which is…
ABB, Inc. (Zurich, Switzerland) and IBM announced a collaboration focused on connecting cybersecurity and operational technology (OT). As a first result of this collaboration, ABB has developed a new OT Security Event Monitoring Service that combines ABB’s process control system…