Opturion, a leading provider of simulation and optimisation solutions, has announced its selection by Woodside Energy (Woodside) to support the strategic development of future hydrogen and ammonia facilities. The AI-based software application is designed to inform key decisions on projects, including investment decisions and power sourcing, while estimating production potential and cost.
Alan Dormer, Managing Director of Opturion, said: “We are excited to be selected by Woodside and anticipate future opportunities as others invest in the new energy economy. Our collaboration with Woodside aligns with our sustainability efforts, including our focus on achieving Net Zero emissions, as the fuel and resource savings our customers experience directly contribute to reducing CO2 emissions.”
Opturion’s optimisation technology is well-suited to strategic decisions with long-term implications, such as equipment performance and capacity, future input costs and receipts. The technology can be applied to various sectors, including manufacturing, supply chain, transport, and logistics. It can also be used to determine optimal operating rules and policies, evaluate contracts, and acquire assets.
Woodside has a portfolio of oil and gas assets and is also developing a portfolio of new energy products and lower carbon services, including proposed hydrogen and ammonia production facilities, assessment of carbon capture and storage opportunities and investments in carbon to products technologies.
Opturion is a leading provider of advanced optimisation solutions, leveraging cutting-edge algorithms and machine learning techniques to tackle complex optimisation problems across multiple industries. Their innovative products and services enable businesses to optimise operations, streamline processes, meet customer service guarantees, and achieve higher efficiency.
Woodside Energy has selected Opturion to provide simulation and optimisation solutions to support the development of their future hydrogen and ammonia facilities. This AI-based software application will enable the company to make informed decisions on potential projects, including concept development, investment decisions and power sourcing. Woodside will also be able to estimate production potential and cost.
Opturion’s optimisation technology is suited to long-term decisions involving physical and financial aspects, such as equipment performance and capacity, future input costs and receipts. The company’s commitment to research and development has enabled them to produce solutions that surpass the scalability of conventional optimisation techniques.
Woodside has a portfolio of oil and gas assets and is investing in new energy products and lower carbon services, including proposed hydrogen and ammonia production facilities, assessment of carbon capture and storage opportunities and investments in carbon to products technologies. Opturion’s solutions will help the company in achieving their sustainability goals of achieving Net Zero emissions.
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Derick is an experienced reporter having held multiple senior roles for large publishers across Europe. Specialist subjects include small business and financial emerging markets.