Ecopetrol Extends Investment in Aspen Technology Solutions to Accelerate Digital Transformation Initiatives – Digitalmunition




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Published on March 19th, 2021 📆 | 8555 Views ⚑

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Ecopetrol Extends Investment in Aspen Technology Solutions to Accelerate Digital Transformation Initiatives

Aspen Technology, Inc. (NASDAQ:AZPN), a global leader in asset optimization software, today announced that Ecopetrol, the largest petroleum company in Colombia, has selected Aspen GDOT dynamic optimization software as part of its digitalization initiative to improve refining margins at its two refineries in Cartagena and Barrancabermeja,
and upgrading to Aspen DMC3 advanced process control software in Barrancabermeja refinery.

“Optimizing production and increasing margins in today’s downstream business environment requires digital technology that enables refineries to see the entire process and make adjustments based on
real-time data,” said Francisco Trespalacios Vergara, digital downstream champion at Ecopetrol. “This combination of AspenTech solutions gives us unparalleled visibility and control so that we can
respond to changes in market conditions and align our planning, optimization and control strategies at our Cartagena and Barrancabermeja facilities with our global models. These solutions also fit
in with our corporate digitalization initiative that we call ‘Best of the Best,’ which is an effort to deploy the ideal technology solutions to meet our needs across the organization.”

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