- January 20, 2017
- Schneider Electric
SimSci process simulation solutions serve 23 of the world‚Äôs top 25 petroleum companies; 48 of the top 50 chemical companies; and all of the top mining companies.
January 20, 2017 – Schneider Electric, a specialist in energy management and automation, recognized the 50th anniversary of SimSci, a solution first launched January 20 1967. SimSci process simulation solutions serve 23 of the world’s top 25 petroleum companies; 48 of the top 50 chemical companies; and all of the top mining companies.
The business started when founders Dr. Y. L. Wang and A. Paul Oleson developed a distillation simulation program with functionality not commercially available in the late 1960s. The first programs quickly became widely accepted for design in the hydrocarbon processing industries. As increased simulation capabilities were added, SimSci soon became the industry benchmark – a position that continues through today.
During the 1980’s and thereafter, new dynamic process modeling and simulation capabilities were added to the portfolio – establishing a framework of continued innovation and industry leadership. Acquisitions added further solution capabilities while increasing market share in the process industries. Most recently, SimSci joined the family of Schneider Electric solutions with the acquisition of Invensys plc in 2014.
Schneider Electric continues to invest in Cloud, Mobility and Industrial IoT technologies to drive innovation in how processes are simulated, engineered and executed. Schneider Electric Software recently announced a cloud-based offering and a next-generation simulation solution that will initially serve the Process Utilities industry before expanding to the rest of the process industries. SimCentral is redefining how engineering processes can be designed, optimized and shared across departments, regions and companies. Schneider Electric continues to invest in solutions that help customers achieve success by empowering them to digitize their plant with process simulation models. Benefits include improved throughput and effective control costs throughout the entire plant lifecycle, from design to operation and optimization.
About Schneider Electric
Schneider Electric is the global specialist in energy management and automation. With revenues of ~€27 billion in FY2015, 160,000+ employees serve customers in over 100 countries, helping them to manage their energy and process in ways that are safe, reliable, efficient and sustainable.Learn More
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