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Valmet will deliver a complete turnkey BioPower 5 power plant to produce green electricity and heat for the city of Salzburg, Austria. The order was placed by Salzburg AG, a leading Austrian energy and technology company.

The order is included in Valmet’s orders received of the third quarter 2021. The value of the order is not disclosed. The plant will be commissioned and started up in August 2023.

“We are constructing the Siezenheim II plant in Salzburg to increase the share of CO2-neutral district heat production to 40 percent. With the plant, it will be possible to provide 8,300 additional homes with bio district heat and 7,000 additional homes with ecologically produced power in Salzburg in the future. We have found Valmet to be an ideal partner for building our power plant,” says Siegfried Müllegger, Head of Energy Technologies, Salzburg AG.

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“This is the first modular BioPower plant that Valmet will deliver to Austria, so it is a great opening for us in decarbonizing the local energy sector. High fuel flexibility, innovative technology and serviceability play key roles in this solution. The use of local renewable biomass fuels ensures reliable and sustainable energy supply and creates jobs locally,” says Markus Bolhàr-Nordenkampf, Director, Energy Sales and Service Operations, Central Europe North, EMEA, Valmet.

Technical information about the delivery

Valmet will be responsible for the engineering, procurement and construction (EPC) of the modularized BioPower 5 power plant. The scope of supply includes fuel handling, a boiler, a turbine, a flue gas cleaning system and the Valmet DNA automation system. The plant will have a maximum electrical output of about 4 megawatts (MW) and a maximum heat output of 17 MW.

Valmet’s modularized BioPower power plant is based on proven combustion technology combined with factory manufactured and tested modules. Manufacturing the modules in the factory enables faster project implementation, shorter site time and completion with better quality and lower implementation risks.

About the customer Salzburg AG

Salzburg AG is a digital technology company that offers digital solutions, products and services. The company provides the inhabitants of Salzburg an access to sustainable and climate-friendly supplies of clean energy, telecommunications, Internet and cable TV. Additionally, the company is a full-service provider in e-mobility and photovoltaics. In 2020, Salzburg AG had approximately 2,300 employees and net sales of 1.4 billion euros.

Valmet is the leading global developer and supplier of process technologies, automation and services for the pulp, paper and energy industries. We aim to become the global champion in serving our customers. 

Valmet's strong technology offering includes pulp mills, tissue, board and paper production lines, as well as power plants for bioenergy production. Our advanced services and automation solutions improve the reliability and performance of our customers' processes and enhance the effective utilization of raw materials and energy.
 
Valmet's net sales in 2020 were approximately EUR 3.7 billion. Our 14,000 professionals around the world work close to our customers and are committed to moving our customers' performance forward – every day. Valmet's head office is in Espoo, Finland and its shares are listed on the Nasdaq Helsinki.  

Read more www.valmet.com

Norske Shell is using Kongsberg Digital’s digital twin solution Kognitwin® Energy to create a virtual representation of their Ormen Lange deepwater gas field. Feeding into the onshore digital twin developed at Nyhamna gas processing facility, the two will combined become the first ever fully integrated reservoir to market digital twin.

The twin solution from Kongsberg Digital will reimagine the ways of working at Shell and unlock new value in the subsea and subsurface arena. By focusing efforts on digital solutions that scale across assets and installations it is easy to expand and integrate Ormen Lange into the existing onshore dynamic digital twin developed at Nyhamna gas processing facility, resulting in the first ever fully integrated reservoir to market digital twin.

In October 2019, Norske Shell joined forces with Kongsberg Digital to operationalize an ‘asset of the future’ through a partnership development of the Nyhamna Dynamic Digital Twin, using Kongsberg Digital’s Kognitwin Energy solution. The twin was deployed and up and running by the end of the year and since January 2020 the Nyhamna Dynamic Digital Twin has been in operation and evolving continuously through monthly product releases, focusing on safe, effective and integrated work processes and optimization of production and energy use. With  Nyhamna having paved the way, the decision was made to expand the collaboration with another digital twin of the related Ormen Lange deepwater gas field, which feeds gas to Nyhamna.

Image credit: A/S Norske ShellImage credit: A/S Norske Shell

With Ormen Lange, we are very proud to have been awarded the contract for the development of a second digital twin for Norske Shell. This is a direct result of our successful collaboration around the Nyhamna dynamic digital twin. We would particularly like to highlight a strong core product, Kognitwin Energy, rapid deployments, and fast time to value as unique differentiators in this ongoing project. Now, we are eager to help Norske Shell realize the full potential of their assets through integration of these two digital twins, says Hege Skryseth, President of Kongsberg Digital and EVP KONGSBERG.

The first version of the Ormen Lange digital twin comprises primarily data integrations and visualization of subsea 3D models including production and MEG pipelines, well surface locations and well-bore paths, seabed bathymetry data detailed around the production templates, built documentation and drawings, real time data from DCS and PI and much more. For disciplines and teams across the initial Ormen Lange user base - like Subsea Maintenance, Wells, Flow Assurance, Production Technology, Reservoir Engineering, Process Engineering and Operations - the twin provides unified data for everyone to access across the same work surface. This is the starting point of a longer journey where Kongsberg Digital and Norske Shell will continue to develop valuable features and target specific use cases to enable user groups, disciplines and teams with new ways of working.

Digital twins are technology for people. The partnership model, combining Kongsberg Digital’s digital capabilities with our own employee’s expertise in the operations and maintenance domain, has been very effective in delivering use cases that let our teams to collaborate better and become more effective. This in turn enable us to save costs and optimize production whilst improving safety and environmental impact, says Rolf Einar Sæter, Digitalisation Manager in Norske Shell.

The first version of the Ormen Lange digital twin was released to users in Norske Shell last month.

KONGSBERG DIGITAL: Kongsberg Digital, a subsidiary of KONGSBERG, is a provider of next-generation software and digital solutions, to customers within maritime, oil and gas, and renewables and utilities. The company consists of more than 500 software experts with leading competence within the internet of things, smart data, artificial intelligence, maritime simulation, automation and autonomous operations. Kongsberg Digital is the group-wide center of digital expertise for the KONGSBERG group. www.kongsbergdigital.com

KONGSBERG: KONGSBERG (OSE-ticker: KOG) is an international, leading global technology corporation delivering mission-critical systems and solutions with extreme performance for customers that operate under extremely challenging conditions. We work with nations, businesses and research environments to push the boundaries of technology development in industries such as space, offshore and energy, merchant marine, defence and aerospace, and more. KONGSBERG has about 11,000 employees located in more than 40 countries, creating a total revenue of NOK 25.6bn in 2020.

Total SE of old has recently gone through a rebranding to become TotalEnergies by an almost unanimous decision by shareholders. This rebranding is in the hopes that the company can pull itself away from the traditional business practices which focused on oil and gas developments and become more of an all-encompassing energy company. However, the company, unlike its peers, is forecast to see a material growth in its oil production over the near term, says GlobalData, a leading data and analytics company.

Conor Ward, Oil & Gas analyst at GlobalData, comments: “TotalEnergies has made significant strides to investing more heavily in its low carbon, renewables business, however, unlike most other major European oil and gas companies, TotalEnergies is forecast to see a rise in its oil production over the near term. Most of the European majors have made the commitment to pull back on oil developments and push their focus more towards gas and low carbon technologies, while TotalEnergies is proving to still be committed to large scale oil developments and within the next five years oil production is forecast to grow.”

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Despite its ageing fields declining, TotalEnergies is forecast to see a steady growth in crude oil and condensate production through to 2025 from 1.2 million barrels per day to 1.23 million barrels per day equivalent. The largest portion of this growth is expected to come from its recently approved Ugandan assets surrounding Lake Albert in the west of the country, where TotalEnergies holds a 66.6% stake in a 230,000 barrel per day project.

Ward continues: “The company has a significant amount of crude oil and condensate production, which could come from unsanctioned projects such as Cameia in Angola, North Platte in the USA, and Gato Do Mato in Brazil. However, based on the decision taken in Uganda and the company’s recent acquisition in Block 20 Angola, these projects may suffer delays if the company seeks to reduce its crude oil production.”

TotalEnergies has suggested that it does not intend to reduce its scope 1 and 2 emissions in the short-term at least, meaning that many of its projects currently on hold have a higher chance of going ahead than would have been thought otherwise. The company is then planning to reduce its net scope 1 and 2 emissions from 2025 onwards and reach net zero by 2050.

Ward concludes: “For the company to continue investing in low carbon and renewable technologies, the increase in oil production and continued investment in major oil developments sends a clear signal that these types of projects continue to showcase attractive economic returns that may help the company deliver its longer-term strategic transformation goals. It remains unlikely that the company can continue to develop large scale oil projects given its long term ESG commitments.”

About GlobalData

4,000 of the world’s largest companies, including over 70% of FTSE 100 and 60% of Fortune 100 companies, make more timely and better business decisions thanks to GlobalData’s unique data, expert analysis and innovative solutions, all in one platform. GlobalData’s mission is to help our clients decode the future to be more successful and innovative across a range of industries, including the healthcare, consumer, retail, financial, technology and professional services sectors. 

On Thursday 1 July, European Picota cherries were delighted to host an exclusive trade event at Grosvenor House Hotel in Mayfair, London to mark the return of European Picota cherries to the UK for their short season that runs until August. The celebration aimed to showcase the special Picota cherry story, and what sets it apart as a high-quality European fruit.

Journalists and individuals from the UK hospitality, catering and fresh produce sectors were all present at the event, where they received talks both in person and virtually focussing on the European Picota cherry variety. Guests also enjoyed a selection of unique canapes and drinks showcasing the best of what Picota cherries can offer, and their versatility for catering.

2021 07 07 120727A special talk explaining the farming traditions of the European Jerte Valley was presented virtually by Mónica Tierno from the Picota cherry grower organisation, AGRUPACIÓN DE COOPERATIVAS VALLE DEL JERTE. “As well as being the only stalkless variety, Picotas are smaller in size but big in flavour, making them unique within the cherry category,” Tierno explained.

The Agrupación farmers who grow this exclusive European variety have followed rigorous quality control procedures that grant the Picota its DO (Denomination of Origin) status. This seal certifies its exceptional sweetness, traceability, and European quality. From the handpicking of each individual cherry to its unique health benefits, the sustainable and traditional production of the Jerte Picota cherry is an example of European fruit production at its finest.

Other speakers at the event included Peter Brazil from importer JO Sims, which sells around 2,500 tonnes of Picota a year, who said the variety formed an integral part of its annual cherry programme with UK retailers. John Giles, Divisional Director at Promar, the international consultancy for the food and agriculture sector, also demonstrated where Picotas fit in to the overall market.

David Mulcahy, culinary director at Sodexo and Sustainability Director and Vice President of The Craft Guild of Chefs, noted that since the start of the pandemic, chefs have turned to more versatile ingredients such as Picota cherries. Mulcahy noted the benefits of the Picota as both a visually and ethically attractive product, having been sustainably grown, and being an ingredient that can be used creatively in current and future hospitality trends.

Fred Searle, Editor of Fresh Produce Journal, summarised the importance of marketing this unique cherry variety, highlighting the activities of this summer’s marketing campaign, which has included multiple instore and online promotions with retailers, social media activity and advertising in consumer and trade publications.

The Jerte Valley is located 200km west of Madrid, in Northern Extremadura. Over one million cherry trees are grown on the slopes of the mountain, on terraces. When the cherries are ready to be harvested at optimum ripeness, they are hand-picked off the trees, leaving the stalks behind, and placed into chestnut baskets. This method has been handed down from generation to generation. The cherries are then sorted one-by-one, at the base of the trees, as the farmers select only the best ones to be sold and eaten. The Picota cherries are then packaged in the Jerte Valley and shipped off to their final destinations.

  • The European Picota cherry season runs from the end of June to the beginning of August.
  • The UK promotional campaign is run by AGRUPACIÓN DE COOPERATIVAS VALLE DEL JERTE with financial support from EREA, the European Research Executive Agency of the EU.
  • Agrupación is Europe’s biggest cherry exporter.
  • European Picota cherries are unique to the European Jerte Valley and protected by a denomination of origin (DO) certificate, which verifies that the fruit has been grown, harvested and packed under rigorous quality control procedures.
  • The European Picota variety is sold naturally stalkless. The stalk is left on the tree when harvested by hand, ensuring the fruit is only picked at optimum ripeness.
  • Spain’s largest export markets are the UK and Germany.
  • The content of the present document only represents the author’s opinion, and it is solely responsible for the message. The European Commission does not take any responsibility for the use of information contained.

Almost half of European pension funds surveyed are looking to go overweight to palladium

Palladium is the most expensive of the world’s most important precious metals – gold, silver, platinum, and palladium, due to its rarity and the difficulty mining it.  Its price has surged over the past five years, rising from $500 per ounce to around $2,700 per oz (Bloomberg). Thanks to a production deficit and tighter emissions standards in Europe and China, demand for the metal, which is used in catalytic converters to scrub exhaust emissions from gasoline-powered vehicles and in exhausts of the hybrid electric vehicles is set to increase.

New research (1) with 150 European pension funds with a combined AUM of $213 billion, reveals that institutional investors are positive about the outlook for palladium as demand for catalytic converters increases, with 55% expecting the price to reach between $2801 and $3000 per oz in the third quarter of 2021, with a further 18% expecting it to range between $3,001 and $3,200 per oz.  Only 23% expect the price to remain in a range of between $2601 - $2,800 per oz.

gpf logoThe study, which was carried out by Global Palladium Fund (GPF), the provider of industrial and precious metal Exchange Traded Commodities, shows that 43% of pension funds are expecting to increase their allocation to palladium over the next 12 months, compared to 15% who expect to underweight the metal.

Alexander Stoyanov, Chief Executive Officer of GPF said: “Palladium is now the most expensive of the precious metals thanks to its scarcity and attractive physical and chemical properties. In its key role in reducing ever-tightening vehicle emissions, palladium offers an exciting opportunity to invest in a cleaner and better environment.”

The Global Palladium Fund (GPF), established by MMC Norilsk Nickel, the world’s largest producer of palladium and high-grade nickel and a major producer of platinum and copper, has launched six physically-backed metal ETCs this year - copper, nickel, silver, gold, platinum and palladium, with listings on LSE, Deutsche Börse, Borsa Italiana and SIX.

Targeting family offices, wealth managers, institutional and other similar professional investors, the ETCs track the spot price of the metals and have some of the lowest charges on the market, with total expense ratios (TER) ranging from 0.145% to 0.20%.

The metals backing the ETCs are sourced from producers and metal suppliers which have confirmed their compliance with the Sustainable Development Goals of the UN 2030 Agenda and other global initiatives in sustainable development and responsible mining.  GPF is the only major ETC issuer to make such a pledge.

To strengthen ETC investor security, GPF uses IBM’s Hyperledger Blockchain in the custody chain of the metal.   This is in addition to the traditional processes used by the custodian, enhancing the transparency and accountability of the issuer.  By recording bar and cathode information on the blockchain, it provides clear ownership and an immutable custody chain for investors using the ETCs.

For more information, visit: www.gpf.global

(1) Research conducted by Pureprofile with 150 pension funds across the UK, Italy and Germany.  The survey was conducted online in April 2021.

Sustainably sourced

Good Delivery Rules’ set by LBMA, LPPM, and LME for precious and base metals are universally acknowledged as the de facto international standard for due to the strict criteria that apply to responsible mining operations and protection of human rights.

LBMA established the Responsible Gold Guidance for Good Delivery Refiners that follows the five-step framework due diligence of the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals.

Global Palladium Fund

The Global Palladium Fund was created to make the world’s precious, base and rare-earth metals accessible to everyone and to advance the development of world-changing technologies in essential areas such as aerospace, electronics, and the automotive. We care about our planet deeply and stand ready to ensure that its resources are spent wisely where they are needed most.

GPF is proud to be supported by Nornickel. Its products are in high demand across the globe and it has operations in the Russian Far North, Finland and South Africa. 

For more information, visit: www.gpf.global

GPF ETCs listings

ETC

LSE Ticker (USD)

LSE Ticker (GBP)

Xetra Ticker (EUR)

Borsa Italiana (EUR)

SIX

(CHF)

GPF Physical Copper ETC

TCOP

TCUS

TBC

TCOP

TBC

GPF Physical Nickel ETC

TNIK

TNIS

TBC

TNIK

TBC

GPF Physical Gold ETC

TGLD

TAUS

0IIA

TGLD

TGLD

GPF Physical Silver ETC

TSLV

TAGS

0IIB

TSLV

TSLV

GPF Physical Palladium ETC

TPAL

TPDS

0IID

TPAL

TPAL

GPF Physical Platinum ETC

TPLT

TPTS

0IIC

TPLT

TPLT

Capital at risk

NTree

NTree provides sophisticated investors with an education, advisory, and distribution service to access global commodities through a range of active and passive funds.  It will promote the GPF ETCs, providing investors with relevant and current information on metals so that they can make informed investment decisions.

www.ntree.co.uk / www.metal.digital (for commodity-focused material)

Munters DSS Pro represents an evolutionary leap forward from the market-leading Munters DSS system, with performance upgrades that make a real difference. It will provide users the right climate more efficiently than ever before.

Suitable for indoor or outdoor installation, Munters DSS Pro is designed for a wide range of industries that demand dehumidification efficiencies such as pharmaceutical, food, and battery applications.

Equipped with the Munters custom configured control system, the DSS Pro offers full function integration, delivering the perfect climate whenever and wherever it´s needed. It comes in twenty configurable sizes with three different desiccant rotor types.

Munters DSS Pro with Munters Protect casingMunters DSS Pro with Munters Protect casing

The DSS Pro offers key energy-saving features. It consumes up to 30% less energy with its Green PowerPurge™ and when it’s time to transition to renewable energy the DSS Pro is ready for a seamless switch.

Another positive energy saving feature is the new AirPro casing, an innovative enclosure that significantly improves durability, reduces air leakage, and reduces energy consumption.                 

When it comes to size, the DSS Pro offers a reduced physical footprint, which makes the system more convenient to install and can free up much-needed space that can be used to generate revenue.

Munters offers more than a benchmark dehumidification system with the DSS Pro. As a partner with the knowledge and expertise to ensure indoor climate is always exactly as it needs to be, Munters provides support from design and quotation to ongoing service from our offices all over the world.

 “DSS Pro provides reliable and consistent operations, reduced system footprint and a positive effect on the bottom line”, says Sander Hielkema, Product Manager Systems EMEA. “Our innovative and intuitive selection tool Genesys ensures you get the right Munters solution for your specific needs. It delivers all the technical specifications for installation, start-up and lifecycle of the product, right from the start. Changes are easily made with this smart tool, and we can serve our customers better and more efficiently. Developed for Europe and Asia, the system is the result of a true team effort with the world’s best climate control engineers partnering with our customers to make this a reality,” concludes Sander Hielkema.

www.munters.com/dsspro

About Munters Group
Munters is a global leader in energy efficient air treatment and climate solutions. Using innovative technologies, Munters creates the perfect climate for customers in a wide range of industries. Munters has been defining the future of air treatment since 1955. Today, around 3,500 employees carry out manufacturing and sales in more than 30 countries. Munters Group AB reported annual net sales of more than SEK 7 billion in 2020 and is listed on Nasdaq Stockholm. For more information, please visit www.munters.com.

Nordea has appointed TietoEVRY as the bank’s provider of a complete set of payment card production and personalisation services in Finland, Sweden, and Norway.

The long-term agreement benefits the bank’s customers with quicker access to new card features provided by TietoEVRY.

2020 06 05 111601TietoEVRY makes use of its extensive partner network of card technology providers for the benefit of its issuer customers, this time in cooperation with Thales, the global leader in smart cards.

TietoEVRY personalises Nordea’s cards, including printing card holder specific data on card surface, generating security keys and programming smart card chips to allow secure access to consumer’s account for payments.

“We are pleased that Nordea is partnering with us for the production and personalisation of its Mastercard and Visa payment cards, following our agreement to modernise the bank’s payment services that was announced last December. The agreement both consolidates our leading market position and validates our partner network approach with leading card suppliers,” says Jarmo Rouhiainen, Head of Card Production and Personalisation in TietoEVRY.

Nordea’s extensive card portfolio was migrated to TietoEVRY’s personalisation sites in Finland and Norway in a very short period of time. The agreement has already entered into force and runs for five years.

About TietoEVRY

TietoEVRY creates digital advantage for businesses and society. We are a leading digital services and software company with local presence and global capabilities. Our Nordic values and heritage steer our success. Headquartered in Finland, TietoEVRY employs around 24 000 experts globally. The company serves thousands of enterprise and public sector customers in more than 90 countries. TietoEVRY’s annual turnover is approximately EUR 3 billion and its shares are listed on the NASDAQ in Helsinki and Stockholm as well as on the Oslo Børs. www.tietoevry.com

Ellomay Pumped Storage Ltd (Ellomay PS) has awarded AFRY with Owner’s Engineering services for the Manara pumped storage power plant in Israel. The project will create a green battery and a hot reserve for the Israel Electric Company (IEC).

The Government of Israel, through the Electricity Authority (IEA) and Israel Electric Company (IEC), is encouraging the private sector to initiate and operate private alternative power systems. As part of this initiative, Ellomay Pumped Storage (2014) Ltd. will build and operate the Manara Pumped Storage Power Plant. Ellomay Pumped Storage is a special purpose company of the Israel-based company Ellomay Capital Ltd. working in the renewable energy and power sector both in Europe and in Israel. They have received a provisional license from the State of Israel and signed a Power Purchase Agreement (PPA) with IEC.

2019 11 25 090513The Manara power station will be located in the Upper Galilee region of Northern Israel, adjacent to the Lebanese border and overlooking the Hula Valley. It will have an installed capacity of 156 MW and will serve as a hot reserve for the Israel Electric Company (IEC) for times of high demand, during which it is required to supply high production capacities. The scheme for daily electricity production of the power station will be determined by IEC, who will dispatch the power station for the supply of electricity to the grid in accordance with its needs.

AFRY's assignment covers the owner’s engineering services for Ellomay PS. AFRY will play a pivotal role in ensuring timely cost and quality fulfilment for the owner, working closely with the EPC contractor, Electra Infrastructure Ltd. In addition to the site activities, AFRY will review the full design and will support the client during the commissioning of the project. 

The overall schedule for AFRY's services is about 60 months. This continues AFRY's outstanding track record in the development and design of Pumped Storage Power Plants (PSPP) globally.

“Pumped storage power is an important part of the transition to a completely renewable energy system. We are delighted to contribute to the energy transition through this important infrastructure project and we are committed to bringing it into construction and operation in due time. This award further strengthens our leading position in the design of pumped storage power plants worldwide with the goal to become No. 1 in this sector”, says Ernst Zeller, Regional Director of AFRY Austria GmbH.

AFRY is a European leader in engineering, design, and advisory services, with a global reach. We accelerate the transition towards a sustainable society.

We are 16,000 devoted experts in infrastructure, industry, energy and digitalisation, creating sustainable solutions for generations to come.

Making Future

Maersk Training will deliver “fit for purpose” and industry-leading immersive simulation and crew resource management training for Diamond Offshore crews worldwide under a new global training management and service (TMS) agreement.  

2021 07 06 105200As part of the agreement, Maersk Training will also deliver a full suite of training and competency management services through a state-of-the-art mobile TMS app. The services provided includes training management administration, competency program management, and license management. The app also has a learning management system, e-learning hosting, and digital expense management.  

The new deal means Diamond Offshore will have access to a global network of more than 500 qualified third-party training providers, with preferred pricing agreements negotiated by Maersk Training. 

Aaron Sobel, Vice President Human Resources, Administration, and CHRO at Diamond Offshore said, “I am excited about our alliance with Maersk Training. The team’s global training reach and top-notch expertise will help us continue our tradition of exceeding customer expectations while meeting our teams’ development needs.”  

Johan Uggla, CEO of Maersk Training added: “It is truly an honour to partner with Diamond at such a strategic level. We know how much Diamond values the importance of fit-for-purpose immersive simulation training, and we are eager to carry their legacy training programs into the future. We are also extremely excited about the enhanced mobile app capabilities we will be delivering for Diamond. These upgrades and new features make our app a one-of-a-kind solution and a trendsetter for the oil and gas, wind, and maritime industries.” 

For more information visit www.maersktraining.com 

About Maersk Training 

Maersk Training trains organisations, crews and individuals in the oil & gas, maritime and wind industry on how to improve safety and operational performance in offshore and maritime operations. Maersk Training trains as close to real-life operation as possible, teaching how to handle challenging situations. Maersk Training covers a wide field of offshore industries and training needs, targeting each field with specific expertise. 

Enhanced project execution offering drives construction assurance, efficiency and sustainability

AVEVA, a global leader in industrial software, driving digital transformation and sustainability, has just announced that it has signed a partnership agreement with RIB Software (RIB), a global leader in digital technologies for construction, to enhance AVEVA’s Project Execution portfolio offering for process and plant industries. The integration will extend the AVEVA Unified Project Execution solution to include new capabilities from the RIB MTWO platform such as enhanced estimation and project cost controls, more powerful dashboards and KPI monitoring, and optimized construction management with full Connected Worker capabilities in the Cloud.

2021 07 02 100228Together with RIB, AVEVA will connect project teams and allow them to collaborate more effectively by bringing together the engineering, procurement and construction functions to deliver a true design to delivery solution. AVEVA and RIB have committed to further integration and expansion of the new platform that will bring together AVEVA Enterprise Resource Management and AVEVA Contract Risk Management with RIB’s iTWO and MTWO solutions that create a world leading end-to-end integrated, platform solution for multi-dimensional digital construction.

Benefits include advanced estimation and cost controls for more accurate bidding, enhanced project monitoring through 4D and 5D simulations, tighter project management, improved cash flow control, as well as a reduction of waste and optimized use of scarce resources for enhanced sustainability. The joint offering will help the industry further align to emerging best practices that rely on collaboration, such as advanced work packaging (AWP), integrated project delivery, strategic procurement and collaborative contracting.

Peter Herweck, CEO, AVEVA, said, “Data-led project intelligence drives real-time transparency and elevates enterprise-wide business performance by connecting teams with data and boosting collaboration. We are excited about the potential of incorporating RIB Software’s and AVEVA’s portfolio capabilities into a leading-edge digital project execution solution.”
The enhanced AVEVA Unified Project Execution platform will help capital project customers to connect teams, visualize data and reduce project execution risk by using artificial intelligence (AI) and the Cloud to boost safety, efficiency, and sustainability.

Tom Wolf, Global Chairman and CEO, RIB Software, said, “We are excited to be working with AVEVA and helping them to extend their leadership in capital project execution for the process plant industries.”

Amish Sabharwal, Executive Vice President, Engineering Business, AVEVA, added, “AVEVA and RIB Software are building on our successes in our respective domains to come together and offer a joint solution that will digitally transform how capital projects are executed. The next stage of our platform approach will accelerate existing gains from digital transformation to drive sustainable results for our customers.”

About RIB Group
RIB Software SE is a pioneer in the digitalization of the construction industry. The company develops and offers cutting-edge digital technologies for construction enterprises and projects across various industries worldwide. iTWO 4.0, RIB's flagship cloud-based platform, provides the world's first enterprise cloud technology based on 6D BIM with AI integration for construction companies, industrial companies, developers and project owners, etc. RIB Software SE is a member of Schneider Electric and headquartered in Stuttgart, Germany and Hong Kong, China. With over 2,700 talents in more than 25 countries worldwide, RIB is targeting to transform the construction industry into the most sustainable and digitalized industry in the 21st century. For more details, visit: www.rib-software.com

About AVEVA
AVEVA is a global leader in industrial software, driving digital transformation and sustainability. By connecting the power of information and artificial intelligence with human insight, AVEVA enables teams to use their data to unlock new value. We call this Performance Intelligence.  AVEVA’s comprehensive portfolio enables more than 20,000 industrial enterprises to engineer smarter, operate better and drive sustainable efficiency. AVEVA supports customers through a trusted ecosystem that includes 5,500 partners and 5,700 certified developers around the world. The company is headquartered in Cambridge, UK, with over 6,500 employees and 90 offices in over 40 countries. Learn more at www.aveva.com.

Copyright © 2021 AVEVA Solutions Limited. All rights reserved. AVEVA Solutions Limited is owned by AVEVA Group plc. AVEVA, the AVEVA logos and AVEVA product names are trademarks or registered trademarks of AVEVA Group plc or its subsidiaries in the United Kingdom and other countries. Other brands and product- names are the trademarks of their respective companies.