New mobile devices, apps and augmented reality are supporting the digitalization revolution, as well as keeping business going during the pandemic Anyone who has visited or toured a production plant of the chemical process industries (CPI) knows that mobile phones…
ABB (Zurich, Switzerland) has been awarded the contract to improve asset integrity across MOL Group’s (Budapest, Hungary) downstream assets, through changing mindset, standardizing processes and software and ensuring integrity management is focused on the right equipment. The project spanning MOL…
Yokogawa Electric Corp. (Tokyo, Japan) revealed the results of a global end-user survey on the outlook for industrial autonomy, which shows that 64% of respondents from companies in process industries are anticipating fully autonomous operations by 2030. The survey provides…
Emerson (St. Louis, Mo.) agreed to acquire Open Systems International, Inc. (OSI Inc.) for $1.6 billion in an all cash transaction. OSI Inc. is a leading operations technology software provider that broadens and complements Emerson’s robust software portfolio and ability…
Industrial software firms Aveva Group plc (Cambridge, U.K.) and OSIsoft (San Leandro, Calif.), have announced an agreement for Aveva to acquire OSIsoft for $5.0 billion. Aveva and OSIsoft will combine their complementary product offerings, bringing together industrial software and data…
Babcock Borsig Service Arabia Ltd. has signed its first digitalization contract with Saudi Tabreed Operations & Maintenance Co. This is the first digitalization awarding secured by Bilfinger Middle East for the region. Saudi Tabreed, a highly experienced district cooling scheme…
Sibur (Moscow, Russia) & G-Core Labs S.A. (Luxembourg) have launched a universal augmented reality (AR) service for the remote maintenance and repair of industrial equipment. Sibur has launched the universal AR service for remotely maintaining and repairing industrial equipment, which will…
Accenture (Dublin, Ireland) and AT&T are working with Phillips 66 (Houston) to develop industrial cellular wireless connectivity, with the development of a private cellular network solution. The solution will lay the foundation for potential future 5G use cases, including support…
Clariant Catalysts (Munich, Germany) is picking up speed with the successful expansion of its high-throughput R&D center in Palo Alto, California. Thanks to a significant investment, the upgraded facility is fitted with the latest high-throughput equipment, and will be home…
BP plc (London) announced that bp ventures has invested $5 million in Satelytics, a cloud-based geospatial analytics software company that uses advanced spectral imagery and machine learning to monitor environmental changes, including methane emissions. Satelytics collects high resolution spectral imagery…