AspenTech enters hybrid modelling era
CEO Antonio Pietri discusses his lighthouse pilot for hybrid modelling capabilities
Aspen Technology (AspenTech), founded 38 years ago, was part of the first generation of entrepreneurial software firms that identified an opportunity in the spiraling volume of data being created in the industrial process industries. As digitalisation progressed from its beginnings in the 1970s and accelerated through the 1980s and 1990s, it developed applications from advanced process control (APC) to real-time management for refining. It is dedicated to supporting firms with their digital transformation and optimising assets. Antonio Pietri has been the president and CEO of AspenTech since 2013. From a background in chemical engineering, he has worked at ABB Simcon before taking a positio
Also in this section
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
14 January 2026
Chavez’s socialist reforms boosted state control but pushed knowledge and capital out of the sector, opening the way for the US shale revolution
