Dow Chemical Uses AspenTech aspenONE Engineering Software To Optimize Costs

Aspen Technology, Inc., a provider of software and services to the process industries, announced The Dow Chemical Company is optimizing capital cost decision making for large-scale petrochemicals projects using the aspenONE Engineering software suite. Dow has reduced the time it takes to produce accurate engineering estimates from months to weeks by using Aspen Capital Cost Estimator (ACCE). The application provides powerful estimating and collaboration capabilities that can scale to manage very large, global projects.

Previously, estimators were unable to model large, multi-plant facilities as one integrated project. Now, ACCE users can save time by increasing scope visibility across the entire project, which allows engineering & construction (E&C) firms and owner operators to regularly achieve efficiency improvements of 50 to 75 percent in their estimating activities. As with previous releases of AspenTech’s cost estimation software, ACCE incorporates yearly updates for capital materials and equipment pricing to improve the accuracy of project estimation activities.