Press release
13 January 2009Samsung Petrochemical, PSE collaborate on PTA optimization
Model-Based Innovation to reduce capital and variable cost, accelerate new process development
Press materials
- Press release (
) - Standard About PSE
- Standard About gPROMS
- About Samsung Petrochemical
- High-resolution images
- PSE website announcement
SEOUL and LONDON, 13 January 2009 --- Samsung Petrochemical Company (SPC), the leading Korean producer of purified terephthalic acid (PTA), and Process Systems Enterprise (PSE), providers of gPROMS modeling technology and process optimization services, have signed an agreement for joint development of new high-performance technologies for PTA production.
Under the agreement, PSE's advanced model-based optimization techniques will be combined with SPC's PTA process know-how and expertise to develop a range of advanced process optimization services to be offered to PTA manufacturers around the world. PSE's technology and expertise will also be applied to accelerate the development of SPC's brand new high-performance PTA Process, optimizing its performance and commercial advantage.
SPC is already a leader in PTA manufacture, with the lowest capital and variable costs of all the major processes licensors. The new developments will aim primarily at reducing operating costs and improving product quality, providing clear advantages over other licensed processes on the market.
Based on its gPROMS advanced process modeling software, PSE has developed a comprehensive range of Model-Based Innovation (MBI) methodologies and services that are used throughout the chemical, petrochemical, food and pharmaceuticals sectors to accelerate innovation, optimize complex processes and generate intellectual property.
Mr. T.H. Her, President of SPC, said "We aim to strengthen the distinctive technology differentiators for SPC's PTA processes by using the most advanced methods available to optimize design and operations. We are very pleased to be able to announce this agreement as a key step in this strategy." Mr. S.H. Park, Managing Director of SPC, adds "We chose to work with PSE because of the comprehensive set of industry-tested techniques that they bring to PTA process optimization, and the high level of expertise and experience of their core personnel."
PSE Managing Director Prof. Costas Pantelides says "Our MBI technology has already been applied successfully to a number of PTA processes, delivering outstanding results, particularly in terms of significant reductions in operating cost achieved with minimal capital expenditure. With today's agreement, we are taking a major step towards making these benefits available to the PTA industry worldwide. We are extremely pleased to work with SPC, a company with over three decades of experience in the market and a very strong engineering capability and technical reputation, to help our clients achieve a step-change in PTA process performance. We look forward to a long and successful collaboration."
Materials
Standard "About PSE" and "About gPROMS"
Images and captions
Right-click on a thumbnail, then select "Save Target As" to download a high-resolution image.
| Suggested caption | Image |
| Mr T H Her (President of Samsung Petrochemical), Prof. Costas Pantelides (Managing Director of PSE) shake hands on the agreement, with Mr S H Park and Mr E J Cho looking on.
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| Mr T H Her (President of Samsung Petrochemical) and Prof. Costas Pantelides (Managing Director of PSE) signing the agreement, observed by (from left to right) Mr E J Cho, Mr S H Park, Ms Daisy Wookyoung Jung and Dr Sang Phil Han.
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| Senior executives from Samsung Petrochemical Company (SPC) and Process Systems Enterprise (PSE) following the signing: from left to right Mr E J Cho (Vice President R&DB Center, SPC), Mr S H Park (Managing Director, SPC), Mr T H Her (President, SPC), Prof. Costas Pantelides (Managing Director, PSE), Dr Sang Phil Han (President, PSE Korea), MS Daisy Wookyoung Jung (Manager of Strategy Planning, SPC)
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About Samsung Petrochemical Company Limited
Samsung Petrochemical "SPC" (www.myspc.com) is one of Asian largest producer of Purified Terephthalic Acid (PTA), a significant raw material for polyester fibers and polyethylene terephthalate (PET) resin for plastic bottles & specialities. The company established in 1974 as a joint venture between Samsung, Amoco (Now BP) and Mitsui Chemicals, but now it is Samsung’s wholly management owned company which produces nearly 2 million tons of PTA annually.
To ensure future competitiveness, SPC has initiated main material & energy-saving projects, and has achieved the world's best operability rate of 99.5 percent of production. As a result of these efforts, the company won an award for effective energy management and highest productivity from the government and related organization.
The company's "Triple Innovation Activities" include Six Sigma as well as Customer Satisfaction and Knowledge Management programs that have resulted in improvements in quality and business outcome.
In November 2005, Samsung Petrochemical launched a service brand called '3-2way' as a means to improve business performance. This innovative value of service-focused manufacturing operation challenges the company to create a high level of customer service and products through solution-focused and relationship marketing, establishing long-term partnerships in addition to supporting existing core values of technology and quality.
Since SPC received the first environment-friendly corporate certificate from the Korean government early 1990s, SPC awarded the Grand Prize for Safety Management from the President of Korea in 2004 and also SPC is highly recognized and accepted for its superb customer satisfaction, having the honor of becoming the "Customer Satisfaction Management Award" Grand-Prix winner 5 years in a row, by KMA (Korea Management Association).
PTA licensing package of SPC, based on technology and skill gained by the endeavour of over 30 years in experience and continuous research in PTA manufacturing, is already gaining tremendous amount of warm welcome and interest from the petrochemical companies all over the world.
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