Samsung ENG Accelerates 'Digital Optimization of Plant Operations' in Partnership with US AspenTech

President Choi Sung-an of Samsung Engineering (right) and President Antonio Pietri of AspenTech (via video) held a non-face-to-face business agreement (MOU) signing ceremony through an online video system on the 4th.

[Asia Economy Reporter Ki-min Lee] Samsung Engineering announced on the 9th that it recently signed a Memorandum of Understanding (MOU) with AspenTech, a global company in the process asset solutions software sector, to optimize plant operations based on digital technology.

AspenTech, headquartered in the United States, is a process asset solutions software company that develops and supplies solution programs to optimize the design, operation, and maintenance of process assets.

This agreement aims to collaborate on optimizing plant operations by utilizing AspenTech's digital solution programs and Samsung Engineering's Front-End Engineering Design (FEED) experience and capabilities at plants operated by clients.

Last year, the two companies applied the technology on a trial basis at major client sites and received recognition for their technical capabilities. With this agreement, they plan to expand the scope of application.

Samsung Engineering expects to build a strong trust relationship by providing clients with operational know-how using digital technology at plant sites based on its EPC (Engineering, Procurement, and Construction) capabilities. In particular, leveraging client trust, the company plans to gain a competitive edge in securing FEED and EPC project orders.

A Samsung Engineering official stated, “We will secure business execution competitiveness through digital innovation based on technological competitiveness,” adding, “Based on this, we plan to improve our organizational structure and establish a foundation for sustainable mid- to long-term growth.”

This content was produced with the assistance of AI translation services.