Last Updated on: 22nd November 2023, 06:19 am
Opturion has been chosen by Woodside Energy (Woodside) to provide simulation and optimisation solutions to support the strategic development of future hydrogen and ammonia facilities. This software application will allow Woodside to make informed decisions on potential projects and estimate production potential and cost.
Alan Dormer, Managing Director of Opturion, said “We are delighted to be chosen by Woodside and anticipate future opportunities as others invest in the new energy economy. Our collaboration with Woodside is in line with our sustainability efforts, as the fuel and resource savings our customers experience directly contribute to reducing CO2 emissions.”
Opturion’s optimisation technology is ideal for decisions with long-term implications, such as equipment performance and capacity, future input costs and receipts. This technology can be used in various sectors including manufacturing, supply chain, transport and logistics, and can help determine optimal operating rules and policies, evaluate contracts and acquire assets. Opturion’s AI-based approach is more scalable than conventional optimisation techniques, allowing for the solution of large-scale problems in a reasonable timeframe.
Woodside has a portfolio of oil and gas assets and is also developing a portfolio of new energy products and lower carbon services, including proposed hydrogen and ammonia production facilities, assessment of carbon capture and storage opportunities and investments in carbon to products technologies.
Opturion, specialists in advanced optimisation solutions, is committed to research and development to continuously advance optimisation technology. Their products and services empower businesses to optimise operations, streamline processes, meet customer service guarantees and achieve higher efficiency. Opturion solutions cover a range of sectors, including manufacturing, energy, supply chain and logistics.
For further information about Opturion, visit their website at www.opturion.com. For further information about Woodside Energy, visit www.woodside.com.
