The Pursuit of Operational Excellence Ensures Long Term Business
Sustainability

BEDFORD, Mass.–(BUSINESS WIRE)–Aspen
Technology, Inc. (NASDAQ: AZPN), the asset optimization software
company, today announced that JXTG Nippon Oil and Energy, the largest
oil company in Japan, has selected the company’s aspenONE®
Petroleum Supply Chain software as its preferred optimization solution
for economic and operational planning.

JXTG Nippon Oil & Energy chose Aspen PIMS-AO, Aspen Petroleum Scheduler
and Aspen Multi-Blend Optimizer products to optimize refinery
profitability and reduce product quality giveaway. This improved
capability is crucial, as planners and schedulers navigate a volatile
and increasingly complex global marketplace, and companies focus on
operational excellence and long-term business sustainability.
AspenTech’s accurate planning and advanced scheduling tools can protect
against declining profitability while helping companies mitigate the
issue of skills shortage.

With the ability to perform key refinery planning and scheduling
activities from a single integrated AspenTech platform, JXTG Nippon Oil
and Energy can now optimize its entire operations asset lifecycle. This
single platform provides best-in-class solutions that leading refineries
and olefins plants around the world use for feedstock selection, product
slate optimization and production planning.

Supporting Quotes

Mr. Hideki Shiina, General Manager of Supply Planning & Optimization
Department, JXTG Nippon Oil and Energy
“After a rigorous
selection process, we have selected aspenONE Petroleum Supply Chain and
deployed Aspen Petroleum Scheduler in four refineries locally.
AspenTech’s asset optimization software increases our productivity, and
AspenTech’s support and collaboration throughout the entire deployment
process has been key to our success.”

Dr. Filipe Soares-Pinto, Senior Vice President of Sales, Asia
Pacific, AspenTech
“We look forward to delivering continued
value to JXTG Nippon Oil and Energy. Our asset optimization software
helps customers increase productivity and profitability across the
entire asset lifecycle. As a result, companies can now achieve the
highest levels of operational excellence possible by running assets more
reliably than ever.”

Supporting Resources

• JXTG
  Nippon Oil & Energy
• Aspen
  PIMS-AO
• Aspen
  Petroleum Scheduler
• Aspen
  Refinery Multi-Blend Optimizer

About AspenTech

AspenTech is a leading software supplier for optimizing asset
performance. Our products thrive in complex, industrial environments
where it is critical to optimize the asset design, operation and
maintenance lifecycle. AspenTech uniquely combines decades of process
modeling expertise with big data machine-learning. Our purpose-built
software platform automates knowledge work and builds sustainable
competitive advantage by delivering high returns over the entire asset
lifecycle. As a result, companies in capital-intensive industries can
maximize uptime and push the limits of performance, running their assets
faster, safer, longer and greener. Visit AspenTech.com
to find out more.

© 2017 Aspen Technology, Inc. AspenTech, aspenONE, the Aspen leaf logo,
Aspen Basic Engineering, Aspen Fidelis Reliability, Aspen Mtell, Aspen
PIMS-AO, Aspen Petroleum Scheduler, Aspen Multi-Blend Optimizer and
OPTIMIZE are trademarks of Aspen Technology, Inc. All rights reserved.
All other trademarks are property of their respective owners.

Contacts

Aspen Technology, Inc.
AspenTech
Georgina Tan, +65 6395
3913
[email protected]