In an interview, Todd Gardner, Vice President, Siemens Process Industries & Drives Division, US, with Chemical Today magazine delves into the ways in which digitization is changing the operational formula of the chemical industry.
By Shivani Mody
Digitalization for the chemical industry.
The chemical industry continues its drive to optimize the plant and asset lifecycle, gaining operational efficiency to outperform competitors. As with many other industries, the chemical sector is in a transformational phase, realizing the benefits of digitalization across large, complex and ever-changing value chains. Companies are looking at digitalization and data from a business value standpoint, and building this into long-term strategies.
With data as a new form of currency, companies need to generate digital data of their plants, processes and products. For new ones, this is quite easy, as you start from scratch with the design and engineering phase. For existing brownfield operations, data is often only available on paper and in an older version, but with digitalization, the technology is available to build a digital twin of existing plants. The foundation of a digital strategy lies in the existing automation and electrification assets of the plant, where each piece of equipment can be a data point, measured, monitored and digitalized in real time.
Read More: Digitizing the equation
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