Process Systems Enterprise Limited
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Press release

6 June 2007

 

MacRobert 2007 winners

The winning PSE team with HRH Prince Philip. Click for more images.

 

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Modelling in the chemical industry:

 

 

 

 

 

PSE wins prestigious MacRobert award

Modelling technology company brings innovative software to the process industries

London-based Process Systems Enterprise (PSE), provider of the gPROMS advanced process simulation and modelling environment, was today announced as this year's winner of the Royal Academy of Engineering's £50,000 MacRobert Award.

The award, the UK's most prestigious for engineering, recognises the successful development of innovative ideas. The PSE team was presented with the MacRobert gold medal by HRH Prince Philip after beating three other finalists, at an awards dinner in London where Lord Browne of Madingley was the keynote speaker. The company joins an impressive roster of previous winners, including IBM, Rolls Royce and BP International.

PSE was selected for its innovative gPROMS® advanced process modelling software. gPROMS helps process industry companies to maximise product quality, minimise production cost and control environmental impact through the use of high-accuracy predictive mathematical models of their processes. It also enables them to innovate much faster, design more efficient processes, manage risk closely and integrate R&D and engineering disciplines.

Prof. Costas Pantelides, PSE MD, says "the process industry is going through a period of significant opportunities and challenges: unprecedented demand for products, increasing customer expectations on product performance, decreasing availability of primary raw materials, and global concerns relating to energy consumption, safety and environmental impact. We bring the means to make sound decisions while minimising the risk inherent in innovation."

gPROMS' main innovation is that it allows engineers to build and solve extremely complex models simply by describing the physical and chemical phenomena that are taking place, without concerning themselves with the details of the mathematical solution. This leads to orders-of-magnitude decrease in the required effort and time for modelling, and makes the benefits of modelling much more accessible than in the past.

gPROMS in turn supports innovation in the design and operation of processes and products across the whole range of the process industries – from traditional oil and gas, chemicals and petrochemicals, to new energy technologies, minerals extraction, foods, paper and pharmaceuticals.

gPROMS has successfully entered the worldwide market, with 75% of the company's revenues coming from exports. PSE's client base includes more than 60 of the world's leading process industry companies, about 75% of which are Fortune 500 organisations. gPROMS is also being used for teaching and research by more than 200 universities worldwide.

We are delighted and honoured to have won the MacRobert Award. As a company that not only innovates but also helps others to innovate, we value this recognition highly

Costas Pantelides, Managing Director, PSE

PSE is a spin-out of Imperial College London.

About PSE
About gPROMS

About the MacRobert Award

The MacRobert Award, first presented in 1969, honours the winning company with a gold medal and the team members with a prize of £50,000. The presentation of the award recognises the successful development of innovative ideas in engineering. It seeks to demonstrate the importance of engineering and the role of engineers and scientists in contributing to national prosperity and international prestige.

Originally founded by the MacRobert Trusts, the award is now presented by The Royal Academy of Engineering, a prize fund having been established with donations from the MacRobert Trusts, The Royal Academy of Engineering and British industry.

Images and captions

Right-click on a thumbnail, then select "Save Target As" to download a high-resolution image.

Suggested caption Image
"HRH Prince Philip presenting the MacRobert Award to the winning Process Systems Enterprise team – left-to-right Prof. Costas Pantelides, Prof. Sandro Macchietto, Prof. Nilay Shah and Prof. Stratos Pistikopoulos" [not present: Mark Matzopoulos]

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"HRH Prince Philip and the winning Process Systems Enterprise MacRobert Award team – left-to-right Prof. Costas Pantelides, Prof. Sandro Macchietto, Prof. Nilay Shah and Prof. Stratos Pistikopoulos" [not present: Mark Matzopoulos]

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"PSE maintains that gPROMS is the world's most advanced process modelling environment"

"gPROMS is widely used for modelling of complex reactors"

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"gPROMS modelling is used for design and optimisation of pharmaceutical reactors, crystallisers and other key processes."

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"gPROMS accurately predicts the distributions of critical components in a novel Japanese reactor in this 3-dimensional plot."
"PSE's gPROMS is applied to chemical processes around the world."
"Professor Costas Pantelides, Managing Director of PSE."

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