Harting
Harting

Do you want to advertise here? Contact us

LMW
LMW

Do you want to advertise here? Contact us

In India Schneider Electric launches oil, gas and petrochemical sector dedicated EcoStruxure
.

In India Schneider Electric launches oil, gas and petrochemical sector dedicated EcoStruxure

By admin September 18, 2019 6:41 pm

[vc_row][vc_column][vc_column_text]In a move that promises to boost India’s rapidly evolving oil and gas sector, Schneider, the leader in digital transformation of energy management and automation, today announced the launch of EcoStruxure power and process (EPandP) to drive efficiency and augment profitability in this crucial segment of the economy. The company has partnered with Microsoft to create commercial internet of things (IoT) solutions in the areas of energy management and automation, thus bringing power and process systems together. Through this platform, Schneider Electric aims to address the challenges of market volatility in the OandG sector, while reducing CapEx and OpEx by 20-30 per cent

When power and process management systems operate as separate silos, industrial organisations soon find themselves at a competitive disadvantage. Separate teams of engineers and programmers are needed to build up and maintain operations. As a result, the cost of supporting these complex, customised interfaces across the lifetime of the asset is high and it restricts the organisation’s ability to respond to changing market conditions. With the introduction of EPandPin the Indian market,companies in the oil, gasand petrochemicalsectorcanbreak down the traditional barriers between power and process control systems to solve critical engineering and operating challenges. This can result in better returns on capital employed (ROCE), with a 20 per cent reduction in CapEx, 15 per cent reduction in downtime, and 3 per cent growth in profitability.

Speaking on the launch, Anil Chaudhry, zone president and managing director, Schneider electric India said- “Marketplace changes and technology advancements are making the once daunting task of converging power and process systems an attainable, cost-justifiable goal. The Indian hydrocarbon sector is at the cusp of major transformation as companies across the value chain step up their efforts to boost India’s self-sufficiency in oil and gas, expand refining capacities, and set up pipeline infrastructure for transportation across the country. Through our partnership with Microsoft we aim to deliver real/tangible solutions and measurable business results for oil and gas players, improve efficiency, bring down cost of running operations and raise profitability.”

Advertising

OEM Android App

Your future advertising space? Our media data

Meetul Patel, COO, Microsoft India, said, “Operations in the Oil and Gas industry are highly dispersed, making the efficient management of assets extremely challenging. Microsoft’s Azure platform provides Schneider Electric with advanced cloud and edge computing technologies to establish an intelligent network of IoT devices that can provide insights, drive innovative new solutions, and improve returns from investments”

By leveraging EcoStruxure IoT-enabled system architecture and platform, customers can connect assets that are the center of their projects with assets that are at the center of their operations across the full lifecycle of their plants, including their supply chains. By offering both tangible IoT solutions that are available today as well as leading edge innovation to address future needs, customers will benefit from the blend of domain/subject matter expertise from Schneider Electric and industry-leading cloud technology from Microsoft.

Sharing the compelling value proposition of Schneider Electric’s EcoStruxure, Navtej Garewal, executive vice president, head of India- Aveva added, “The addition of the app and analytics piece and the access to prior information with the creation of digital twin will help create new insights and empower customers to fuel digital transformation in the Oil, Gas and Petrochemical industry in India.”[/vc_column_text][/vc_column][/vc_row]

Cookie Consent

We use cookies to personalize your experience. By continuing to visit this website you agree to our Terms & Conditions, Privacy Policy and Cookie Policy.

Tags:
Webinar
Webinar

Do you want to advertise here? Contact us

TruCut
TruCut
OEM Update QR Code
OEM Update QR Code

Events

PTC Asia
PTC Asia
World of Photonics India
World of Photonics India
IFFE Expo
IFFE Expo
Clean India Show
Clean India Show
Factory Automation Expo
Factory Automation Expo
India Essen Welding and Cutting Expo
India Essen Welding and Cutting Expo
Logimat India
Logimat India
Metal Forming Expo
Metal Forming Expo

eMagazine October 2024

eMagazine October 2024
eMagazine October 2024

Do you want to advertise here? Contact us

Our Sponsors

Pragati Gears
Pragati Gears
Pilz India
Pilz India
Carl Zeiss India
Carl Zeiss India
STMCNC
STMCNC
Inovance Technology
Inovance Technology
Sun Lub Technologies
Sun Lub Technologies
Mallcom
Mallcom
igus
igus
Delta Electric
Delta Electric
Vega India Level Ltd
Vega India Level Ltd
ENS Oils & Lubricants
ENS Oils & Lubricants
Super Slides
Super Slides
Titan Teal
Titan Teal
N K Industry
N K Industry
Fuel Instruments  Engineers
Fuel Instruments  Engineers
MMC Hardmetal Pvt Ltd
MMC Hardmetal Pvt Ltd
Mennekes
Mennekes
TruCut
TruCut
MARPOSS
MARPOSS
Voestalpine
Voestalpine
BKT Tires
BKT Tires
Exon mobil
Exon mobil
Wika Instruments India
Wika Instruments India