MOSCOW (MRC) -- AVEVA, a global leader in industrial software driving digital transformation and sustainability, has formed a new alliance with Wood, the global consulting and engineering company, to accelerate digital transformation of industries such as power, energy, chemicals and mining with the launch of a new solution called Connected Build, a key part of Wood’s Digital Twin offering, according to Hydrocarbonprocessing.
Wood has standardized its use of AVEVA Enterprise Resource Management as a key component of the Connected Build offering to its industrial clients globally.
Connected Build optimizes project delivery while improving collaboration on new build projects and facilitating the digital modernization of existing plants and refurbishments. The new solution capitalizes on design efficiencies to deliver the build accurately the first time, unlocking sustainability and value benefits while ensuring worker safety. As part of Wood’s vision for operational excellence, leveraging technology to standardize and optimize delivery is key to achieving efficiencies and to meet sustainability targets.
The new Connected Build solution is a key part of Wood’s Engineering Digital Twin strategy by sharing project status and materials availability data in real-time with all stakeholders, optimizing project execution through benefits such as improved labor productivity, reduced material waste and costs, shortened project cycles and improved yield. When applied to the engineering and build phases, the Connected Build approach results in rapid and seamless project handover, while shortening time to production and improving digital resiliency for Wood’s clients.
Initial deployments of Wood’s Connected Build Digital Twin has set a new benchmark for digital engineering, boosting safety, and improving overall asset performance while delivering savings on the total cost of the project and an additional saving in operations and maintenance.
AVEVA and Wood share a significant history of innovation. Wood has previously integrated its own Go-Technology commissioning solution into its use of the AVEVA Engineering Design software suite. To support the rapid acceleration of their Connected Build offering, Wood has standardized AVEVA Enterprise Resource Management to provide a single, coordinated platform approach across all stages of a project, from design and materials procurement to construction, advanced work packaging, commissioning and completions.
Going forward, the two organizations will remain strategically aligned with a laser focus on delivering maximum value for shared clients through continuous technology improvements and developments.
As MRC reported previously, in May 2021, Maire Tecnimont Group, through its subsidiary Tecnimont, signed a Memorandum of Understanding (MoU) with AVEVA to create new digital predictive and prescriptive maintenance services that drive enhanced business outcomes.
We remind that Maire Tecnimont S.p.A. has recently announced that its subsidiaries Tecnimont S.p.A. and Mumbai-based Tecnimont Private Limited were awarded an EPCC (Engineering, Procurement, Construction and Commissioning) Lump Sum contract by Indian Oil Corporation Limited (IOCL), for the implementation of a new paraxylene (PX) plant and the relevant offsites facilities. The plant will be located in Paradip, in the State of Odisha, in Eastern India. The overall value of the contract is about USD450 million.
PX is a feedstock for the production of purified terephthalic acid (PTA). PTA is used to produce polyethylene terephthalate (PET), which, in its turn, is used in the manufacturing of plastic bottles, films, packaging containers, in the textile and food industries.
According to MRC's ScanPlast report, Russia's estimated PET consumption reached 64,750 tonnes in March 2021, which corresponds to the last year's figure (64,520 tonnes). Overall estimated PET consumption in Russia decreased by 5% year on year to 182,300 tonnes in January-March, 2021.
AVEVA is a global leader in industrial software, driving digital transformation and sustainability. By connecting the power of information and artificial intelligence with human insight, AVEVA enables teams to use their data to unlock new value. We call this Performance Intelligence. AVEVA’s comprehensive portfolio enables more than 20,000 industrial enterprises to engineer smarter, operate better and drive sustainable efficiency. AVEVA supports customers through a trusted ecosystem that includes 5,500 partners and 5,700 certified developers around the world. The company is headquartered in Cambridge, UK, with over 6,500 employees and 90 offices in over 40 countries.
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