Podcast Series - Front-End Engineering Design: Why is it so crucial to project success?
Hydrocarbon Processing editor-in-chief and associate publisher, Lee Nichols, spoke with Paul Donnelly, Industry Marketing Director, Aspentech, on the importance of FEED and critical steps and technologies that can help optimize capital projects.
EPC firms that were already under stress from the COVID-related downturn are investing heavily in digitalization initiatives. According to a June 2020 McKinsey report, EPCs have an opportunity to double their profitability by embracing a handful of “emerging disruptors.” One of these disruptors, digitalization of processes, is within reach for most EPCs and aligns with efforts and initiatives already underway at many firms.