AspenTech

AspenTech is an industrial software company serving asset-intensive industries. Founded in 1981 out of an MIT energy project, it builds software that helps companies optimise critical assets across design, operation and maintenance, drawing on artificial intelligence, machine learning and digital twin technology. The company reports more than 150,000 product users worldwide and more than four decades of domain expertise. It operates globally and is part of Emerson.

Its work spans process and asset optimisation, engineering and maintenance process optimisation, energy efficiency, emissions management and microgrid optimisation. The industries it serves include chemicals, energy, pharmaceuticals and utilities, among other asset-intensive sectors.

The company describes its mission as helping industries run safer, greener, longer and faster, with a stated emphasis on sustainability work covering carbon capture, the hydrogen economy and emissions management.