I am proud to announce that AspenTech has been honored with a Green Supply Chain Award from Supply and Demand Chain Executives – for a second year in a row.
Last year, AspenTech won a Green Supply Chain Award for helping enable FP Corporationto provide stable and responsive food distribution in an efficient, sustainable, environmentally friendly way.
This year, AspenTech received a Green Supply Chain Award for providing new solutions to enable customers to make progress more quickly toward sustainability goals.
In my previous blog, I shared highlights from our recent AspenTech Supply Chain Management customer roundtable and how the AspenTech solution has helped customers respond to an unprecedented VUCA supply chain environment.
He shared insights on how some customers are looking for CO2 modelling in feedstock and raw material selection processes, and how AspenTech solutions can help process manufacturing companies track their planned emissions versus their actual emissions in near-real time.
AspenTech Senior Principal Supply Chain Solution Consultant, Jack Hitchens, explained how AspenTech had modeled CO2 emissions and the purchase of carbon offset credits in a supply chain planning optimization model over a decade ago for a customer in a relatively high emission industry.
Jack explained how it is possible to model emissions related to production and distribution activities, and in some cases from the use of different kinds of raw materials with different carbon loads that can be represented by different production operations.
Within the AspenTech SCM solution, the customer sees an alert and their schedulers can adjust the production schedule to reposition certain products to smooth the emissions and stay within the regulatory limits.
Using these models, customers can identify how to reduce emissions across the entire supply chain; reduce usage of energy, water and feedstocks; transition to new energy sources like biofuels and hydrogen; and enable the circular economy through processes such as plastics recycling and waste-to-chemicals.