Costas Pantelides, Managing Director of PSE, says: “We are delighted to become part of the Siemens organization. Our technology and know-how are highly complementary to Siemens’ existing products, and our combined portfolio will build on Siemens’ already strong position in digitalization in the process industries, to deliver unprecedented benefits to our customers throughout the process and product lifecycle.”
Siemens has already been working with PSE successfully since June 2018 within a strategic partnership. As part of this initiative, new model-based solutions have been developed: for plant performance monitoring and forecasting, soft sensing, real-time optimization, nonlinear model-predictive control and operator training based on detailed process models. These solutions are based on the powerful combination of process models, which contain in-depth process knowledge, with real-time and historical process data. This provides the plant operator with efficiency and effectiveness gains by improve process control and maintenance planning, e.g. by predicting catalyst lifespans or coke build-up in furnaces.
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