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Company Overview
Many of the world's petroleum and chemical companies use AspenTech's aspenOne suite of cost estimating, construction design, operations and supply chain management software and services to help them reduce costs and achieve regulatory compliance.
AspenTech offers 16 families of products and more than 200 individual tools in all. The Economic Evaluation Family provides model- and operations-based cost estimating tools for facility design, facility operation and supply chain management. Each product runs on AspenTech's Icarus cost engine, which includes volumetric models that perform calculations and deploy sets of cost indices that are updated yearly.
A second of product family, Basic Engineering, includes Aspen Capital Cost Estimator as well as Aspen Basic Engineering, formerly known as Zyqad. This product provides an integrated environment for the initial FEED phases of a project; its output is equipment data sheets, which can be used in fabrication and construction and help minimize the impact of engineering change orders, the vendor said.
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