Clarity about the requirements for digital twin technology is essential for any organization’s digital transformation As manufacturers in the chemical process industries (CPI) begin the digital transformation process for their plants and assets, the need for technology to support this…
BASF Venture Capital GmbH (Ludwigshafen, Germany; www.basf-vc.com) is investing $2 million into Alchemist Accelerator’s (San Francisco, Calif.; www.alchemistaccelerator.com) fund, allocating at least half towards investments in -D printing, agtech, material informatics, nutrition, and technology game-changers. This investment supports BASF’s strategy…
From process and materials development to maintenance and logistics, artificial intelligence (AI) is emerging as a transformative force across the chemical process industries As in many other sectors, artificial intelligence (AI) technologies are beginning to emerge in the chemical process…
Rockwell Automation Inc. (Milwaukee, Wisc.; www.rockwellautomation.com) has acquired Emulate3D, an engineering software developer whose products digitally simulate and emulate industrial automation systems located in Reading, U.K. By using accurate simulation models to improve systems planning and decision-making, followed by emulation…
Marathon Petroleum Corp. (MPC; Findley, Ohio; www.marathonpetroleum.com) has contracted Axens (Rueill-Malmaison, France; www.axens.net) to provide its Connect’In services for realtime process monitoring and optimization of multiple Continuous Catalytic Regenerative (CCR) Reformers and multiple Prime-G+ FCC gasoline post-treatment units across their…
Silicon Valley-based Xage Security announced an investment from Saudi Aramco Energy Ventures (Dhahran, Saudi Arabia; www.saev.com), a subsidiary of integrated energy and chemicals company Saudi Aramco. Xage also welcomes Norman Thorlakson to its leadership team as SVP of Sales and…
Modern combustion technologies help processors safely meet emissions standards, while optimizing the process Combustion is integral to many chemical processes; however, it is not without challenges. Safety is, of course, always paramount when it comes to fired equipment and constantly…
Saudi Aramco (Dhahran, Saudi Arabia; www.saudiaramco.com) and Raytheon Co. (Waltham, Ma.; www.raytheon.com), through its subsidiary Raytheon Saudi Arabia, signed a Memorandum of Understanding to establish a joint venture company that will develop and provide best-in-class cybersecurity services in Saudi Arabia…
Engineering, procurement and construction (EPC) provider Saipem S.p.A. (San Donato Milanese, Italy; www.saipem.com) announced the identification of a cyber-attack on its servers. That company says it is collecting all the elements useful for assessing the impact on its infrastructures and…
Intelligent Automation Week (Dec. 3–6; Austin, Tex.; https://intelligentautomationevent.iqpc.com/) brought together representatives from many varied industries to discuss practical applications for artificial intelligence (AI), robotic process automation (RPA), cognitive computing and more. Participating organizations included McDonald’s, the National Aeronautics and Space Administration…