New mobile devices, apps and augmented reality are supporting the digitalization revolution, as well as keeping business going during the pandemic Anyone who has visited or toured a production plant of the chemical process industries (CPI) knows that mobile phones…
ABB (Zurich, Switzerland) has been awarded the contract to improve asset integrity across MOL Group’s (Budapest, Hungary) downstream assets, through changing mindset, standardizing processes and software and ensuring integrity management is focused on the right equipment. The project spanning MOL…
Yokogawa Electric Corp. (Tokyo, Japan) revealed the results of a global end-user survey on the outlook for industrial autonomy, which shows that 64% of respondents from companies in process industries are anticipating fully autonomous operations by 2030. The survey provides…
LG Chem Ltd. (Seoul, South Korea) announced that a high-altitude long-endurance solar-powered unmanned vehicle (EAV-3) developed by Korea Aerospace Research Institute has successfully finished flight testing in the environment of the stratosphere using a unique lithium-sulfur battery. EAV-3 is a small…
A new partnership focused on using artificial intelligence for materials discovery has been launched. The Alliance for AI-Accelerated Materials Discovery comprises academic partners McMaster University, the University of Toronto, the National Research Council Canada (NRC) and industry giants Total SE (Paris,…
Aspen Technology, Inc. (Bedford, Mass.) and Wood (Aberdeen, Scotland announced a new partnership that will offer Wood’s clients Aspen's Mtell asset performance management (APM) technology for predictive and prescriptive maintenance. The partnership will enable global enterprises to improve the performance…
Aspen Technology, Inc. (Bedford, Mass.) announced that Heide Refinery, one of the most complex refineries in Europe, has licensed Aspen Generic Dynamic Optimization Technology (GDOT) software to achieve production levels more closely aligned to plan. The solution will be deployed…
Emerson (St. Louis, Mo.) agreed to acquire Open Systems International, Inc. (OSI Inc.) for $1.6 billion in an all cash transaction. OSI Inc. is a leading operations technology software provider that broadens and complements Emerson’s robust software portfolio and ability…
Industrial software firms Aveva Group plc (Cambridge, U.K.) and OSIsoft (San Leandro, Calif.), have announced an agreement for Aveva to acquire OSIsoft for $5.0 billion. Aveva and OSIsoft will combine their complementary product offerings, bringing together industrial software and data…
On this edition of the CE Podcast, senior editor Scott Jenkins talks to Hannah Davis, the blockchain project lead at the Electric Power Research Institute (EPRI). She provides an explanation of what blockchain is, and describes use cases that are…