View 8 reasons to use Aspen Mtell
Aspen Mtell combines the power of data and technology to enable reliability and
maintenance engineers to monitor performance of assets, providing real-time visibility into asset health and actionable insights for faster decision-making.
Reasons You Need the Latest
Companies like Pan American Energy, LG Chem, Evolution Mining, Sardeolica and OCP Ecuador are using Aspen Mtell to improve operational efficiency,
and achieve carbon mitigation and sustainability goals.
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1. The Latin American Refining Technology Conference Awards of Excellence, September 2023
With Aspen Mtell, Pan American Energy was notified of a steam turbine engine failure 60 days in advance, resulting in improved asset maintenance planning with no loss of production time.
Named the Best Digital Technology of the Year by the World Refining Association (WRA) at the September 2023 LARTC event,
because of its stellar reputation in the digital transformation space and proven success in the refining industry.
Best Digital Technology of the Year
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Aspen Mtell is the only solution on the market with customizable dashboards and interactive process diagrams, featuring clear KPIs that highlight plant and business performance, enabling informed decision-making, optimized resource allocation and longer asset life.
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Better Asset Health and Business Impact Visibility
Hundreds of pre-populated, industry-specific asset templates with embedded KPIs enable Aspen Mtell customers to set up sensor groups and accelerate Agent development, deployment and scaling for faster overall implementation and customer ROI.
Easy Implementation, Fast Deployment
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A leading European energy company plans to expand its usage of Aspen Mtell by leveraging the new KPIs and Dashboards to closely monitor plant performance and gain efficiencies.
LG Chem adopted Aspen Mtell sitewide, realizing $3.6M USD in benefits in a single year from avoided production losses.
Aspen Mtell combines rules-based and condition-based monitoring, first principles modeling, AI, machine learning and custom models from data science teams for strategic asset coverage and faster time to value.
Strategic Asset Coverage
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Teck’s reliability team selected Aspen Mtell because it has the broadest set of Agent technologies to choose from in the industry.
Industry-leading algorithms enable Aspen Mtell to provide long lead times and the most accurate failure predictions available.
Best-in-Class Failure Prediction
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Evolution Mining realized over $700K USD in benefits since implementing Aspen Mtell, with reduced safety and environmental impacts.
Wind farm operator Sardeolica leveraged Aspen Mtell to transform its maintenance program, scheduling service within low-wind periods resulting in easier repairs, increased production and a 10% reduction in yearly maintenance costs.
Alert Manager provides a centralized interface of all active alerts, prioritized by severity and criticality and including detailed information on each alert, for highly informed collaboration between production and maintenance.
Live Alert Triage Dashboard
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Bangkok Industrial Gas Company (BIG) achieved equipment runtimes of 99.8% and improved maintenance lead times from one week to one month using Aspen Mtell and other AspenTech solutions on Amazon Web Services (AWS).
Connected Data from Disparate Sources
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AspenTech Dataworks acts as the standard integration layer, eliminating
data silos and efficiently processing large data volumes to enhance Aspen Mtell's performance. This provides our customers with the flexibility and scalability required to drive incremental value.
Enterprise System Interoperability
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Aspen Mtell integrates easily with numerous historians, EAM & CMMS systems, ERP systems including SAP as well as other AspenTech solutions, including Aspen Fidelis , Aspen Plant Scheduler and Aspen HYSYS.
Aspen Mtell is also available on the cloud via AWS and Microsoft Azure.
Using Aspen HYSYS together with Aspen Mtell, our customers are able to predict asset failures by deploying an online digital twin and thereby
improve energy efficiency and reduce emissions.
aspentech.com/mtellreasons
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Version of Aspen Mtell