|
| |
|
National Iranian Oil Company -- NIOC -- Moves for Better Asset Utilization & Reduction of Operating Costs With Hyprotech
BARCELONA, Spain--April 24, 2001-- Exclusive Contract Will Implement a Comprehensive, Company-Wide Engineering Software Frame Including State-of-the-Art Steady State & Dynamic Simulation, Equipment Design, Process Improvement and Optimization
Hyprotech Europe Ltd. and the National Iranian Oil Corporation (NIOC) today announced a 20-year licensing agreement for the HYSYS suite of simulation software products. The agreement covers the use of all HYSYS applications for steady state and dynamic simulation as an exclusive standard tool for the company. It also includes other tools from Hyprotech's comprehensive portfolio for equipment design (HTFS), energy -- efficiency improvement, specialized and in-depth Process optimization tools. The agreement is the result of nearly 2 years of intensive evaluation of features by NIOC, based on more than 25 years of NIOC's accumulated process simulation knowledge. With this agreement, NIOC, the state-owned petroleum group, has renovated its engineering tools, which leads them to move towards better asset utilization and reducing operating costs, thus stepping into a more flexible operation and turning international opportunities into profit. It is the outcome of a more flexible and open architecture system. H. Talebi, director of computer and information technology (IT) at NIOC, commented: "We have had in mind the future expansion of the platform for more advanced simulation applications like operator training, online optimization, engineering work process re-engineering, and e-business, all based on Hyprotech's excellent graphical user interface, reliable simulation performance and open architecture." HYSYS is acknowledged as the leading commercially available integrated simulation environment designed for complete user customization. This enables the seamless integration of data from NIOC's operations and other applications to create a powerful hybrid program, allowing full leverage from NIOC's engineering software investment. Added H. Talebi: "Our purchase of this simulation software will give us the ability step up to the latest technologies while incorporating into the new system all our in-house knowledge, already licensed Technology and best business practices." The implementation and arrival of Hyprotech's leading technology into NIOC represents an important milestone in the process of renovation of the Iranian refining, gas processing and petrochemicals industries. Commenting on the contract, Salvador Clave, chief operating officer of Hyprotech, said: "We are very pleased that NIOC, one of the major oil, gas and petrochemical companies in the Middle East, has selected Hyprotech products and solutions as their standard tools. This contract demonstrates our long-term commitment to providing advance process simulation solutions to the Iranian petroleum industry to ensure profit improvement based on these simulation capabilities." Using the features of HYSYS, process modeling can be used to ensure proper and optimum equipment selection to meet design specifications, correct evaluations of feed changes, upsets and equipment downtime, safety, reliability and profitability throughout the plant lifecycle. About HYSYS and HTFS HYSYS is a powerful, reputable tool that helps managers and engineers link critical business objectives to the design of new plants, or the revamp and evaluation of existing plants. With HYSYS, engineers only need to develop a single process model that can be used from conceptual design through on-line applications to improve designs, optimize production and enhance decision-making. HTFS offers customers the widest range of heat transfer software available. This offers a dramatic reduction in the time required to perform thermal and mechanical design giving confidence in design by using software based upon over 30 years of HTFS research. Both products are able to be used simultaneously adding to the benefits of having in-house data integrate with HYSYS products or a third party program. About NIOC National Iranian Oil Company (NIOC) is one of the major oil companies in the Middle East. It is the main public sector company within the framework of The Iranian Ministry of Petroleum. It controls the design, operation and maintenance of all oil processing facilities throughout Iran, as well as oil export. It also renders certain service to other sectors of the Ministry, including natural gas processing and petrochemicals sectors. Engineering software administration is the sole responsibility of the Directorate of Computer and Management Information within NIOC. For more information on NIOC, visit their website at http://www.nioc.org. About Hyprotech Hyprotech, a wholly owned subsidiary of AEA Technology plc, is a leading supplier of engineering knowledge deployment solutions to the process industries, focused on innovation, improved profitability and operating performance throughout the enterprise lifecycle. With integrated capabilities to address design, automation, optimization and training, Hyprotech serves more than 1500 companies in over 80 countries. AEA Technology plc (LSE:AAT) is recognized as one of the world's leading innovation businesses, turning science and engineering services into bottom-line profit for its customers. With years of experience in understanding complex industrial processes and managing the way in which they interact with each other and their environment, the innovative delivery of knowledge and skills differentiates AEA Technology from its competitors. Its principal markets are oil and gas, rail, defense, pharmaceuticals, utilities, infrastructure, processing, manufacturing and the nuclear industry, operating in 31 countries in Europe, North America and Asia Pacific. For more information about Hyprotech or AEA Technology, contact Marcela Aguirre phone: +34 93 93 215 6884, e-mail marcela.aguirre@hyprotech.com or visit www.hyprotech.com.
EU ‘REACH’ plan unworkable, says SDA WASHINGTON, D.C. (August 23, 2003) - Major portions of Europe’s proposed chemical management policy are unworkable and would place significant burdens on business and government with ‘negligible’ improvements to human health and the environment, according to The Soap and Detergent Association (SDA). Alliance announces clean energy initiativeBOSTON (August 23, 2003) - An alliance of environmental, industry, academic, and government organizations has formed a coalition, the Northeast CHP Initiative, to spearhead the installation of clean, reliable, energy-efficient ‘combined heat and power’ (CHP) systems throughout the Northeast. About 75% of mergers fail due to poor evaluationDURHAM, North Carolina (August 23, 2003) - As mergers and acquisitions make a comeback, a recent study shows that an overwhelming 75% of large company M&A deals fail to increase shareholder value. World's first corporate governance guidelinesSYDNEY, Australia (August 23, 2003) - Following the recent spate of high profile corporate collapses across the world, an Australian company, SAI, has developed the world's first consensus based guidelines for organisations seeking to improve their corporate governance practices. May I have the envelope, please?It’s tough to be an independent trading exchange these days. Stock prices are down, IPOs are cancelled and business is tough to find – and that’s just among the survivors. To add insult to injury, every speaker at e-business conferences these days seems to start with a joke at their expense. OneChem and webMethods deploy integrated customer care solutionMIAMI, Florida (April 24, 2001) – OneChem (onechem.com), an application service provider to the chemical industry, and webMethods (webMethods.com), a provider of integrated software solutions, have successfully implemented the OneChem Customer Care integrated solution at Vulcan Chemicals. Eastman takes steps to improve profitabilityKINGSPORT, Tennessee (August 27, 2003) - Eastman Chemical has outlined steps to improve profitability by addressing under-performing businesses and product lines in one of its major segments. Honeywell builds on commitment to ChinaTIANJIN, China (August 20, 2003) - Honeywell Industrial Measurement and Control has opened a center for assembling smart pressure transmitters in Tianjin, China. A new pollution solution – fuel cells for fresh airTORONTO (August 20, 2003) - The first phase of a new clean air initiative, fuel cells for fresh air, have been unveiled at the Canadian National Exhibition’s (CNE) Green Day event! Core Microsoft Office products are complete and released to manufacturersREDMOND, Washington (August 20, 2003) - Microsoft has now completed the core products in the new Microsoft Office System and has released all products to manufacturing, marking what Microsoft describes as a critical step in the delivery of the company's most powerful and and
valuable release of Office.
Aberdeen: IT today must start with business prioritiesThe slow economy of the past three years has fundamentally shifted the relationship between Information Technology and the business units they support, and Aberdeen Group predicts the change is here to stay. Gone are the go-go days of the late 1990s when IT spending became "a technology arms race." Today, IT is more firmly focused on incremental returns, enabling change and supporting business goals. AMR: In projecting ROI, think long termWhen calculating the projected return on investment (ROI) from a Manufacturing Execution System (MES) project, AMR Research believes most companies are so focused on the near term they are missing the larger picture. More importantly, what AMR has documented for MES projects seems likely to apply to the broader universe of IT decisions as well. AspenTech honors Owens Corning with Customer Innovation AwardWASHINGTON (October 28, 2002) - Aspen Technology, has honored Owens Corning with its first Aspen Technology Customer Innovation Award. The award recognizes Owens Corning's application of AspenTech's manufacturing solutions to increase the profitability of its roofing and insulation plants. eToken ensures secure access to SAP solutionsCHICAGO (March 14, 2003) – According to digital security provider, Aladdin Knowledge Systems, eToken has been successfully interface-certified by SAP, providing customers with an innovative USB authentication solution. Bayer to manage price risk with online toolWAYNE, Pennsylvania (December 3, 2002) -- Bayer Corporation has signed an agreement to access Planalytics GasBuyer, a Web-based risk management tool for purchasing and hedging natural gas. Ashland names Cappeline vice presidentCOVINGTON, Kentucky (December 3, 2002) -- Gary A. Cappeline, 53, has been named vice president, Ashland Inc. (NYSE: ASH), and president, Ashland Specialty Chemical according to James J. O'Brien, Ashland Inc. chairman and chief executive officer. The appointment will be effective December 4. Managing for high performance: It's all about respectHORSEHEADS, N.Y. (December 3, 2002) -- Poor management practices are to blame for everything from low employee morale to repeated corporate downsizing, says syndicated business columnist Gene C. Mage. Solutia to sell resins, additives, adhesive businesses to UCBST. LOUIS, Missouri (December 3, 2002) -- Solutia Inc. (NYSE: SOI) today announced that it has signed a definitive agreement to sell its resins, additives and adhesives businesses to UCB S.A. for U.S. $500 million cash. In addition, UCB has made an upfront payment of $10 million for a short period of exclusivity. The sale is expected to close in early 2003, subject to completion of normal regulatory approvals and other customary closing conditions. Mitsubishi Chemical Group to launch plastics solution siteTOKYO, Japan (October 29, 2002) - Mitsubishi Chemical and 10 Mitsubishi Chemical Group companies are to launch a plastics solution site on the Internet from November 1, 2002. Following its launch, the Web site can be found at www.plastics-net.com. Elemica and Optimum Logistics form strategic allianceSTAMFORD, Connecticut (October 30, 2002) - Elemica, an e-hub serving the chemicals industry, and Optimum Logistics, a provider of supply chain execution, event management, and trade documentation to global shippers, have formed an agreement to provide Optimum Logistics solutions via the Elemica Network.
|
|