Yokogawa Electric Corporation has decided to invest in Fluence Analytics, a US-based start-up that provides combined hardware and software analytics solutions to polymer manufacturers.
Additionally, the companies agreed to a global strategic business partner for sales and deployment of new high-end models of the automatic continuous online monitoring of polymerization (ACOMP) system from Fluence Analytics.
Kenji Hasegawa, a Yokogawa Electric Vice President and Head of the Yokogawa Products Headquarters, commented, “We have been supporting the petrochemical industry through the provision of measurement and control solutions. By cooperating with Fluence Analytics, we will be able to offer additional value in polymerization processes. We look forward to providing our customers with these new systems, which, in addition to benefiting health, safety, and the environment, will enable the reduction of cycle time, eliminate the production of off-spec products, and produce an estimated US$1.5 million in cost savings per year based on average reactor size.”
“Our team is very excited to add Yokogawa Electric as a strategic partner and investor. Yokogawa’s global leadership in measurement and process control technologies will be a major asset, enabling us to scale up operations, augment field engineering efforts, and expand our installed base throughout the world,” said Alex Reed, CEO of Fluence Analytics. “We look forward to working with Yokogawa as we continue optimizing polymerization processes and improving product quality, consistency, and yields for polymer manufacturers.”
Under the terms of the collaboration agreement, Yokogawa Electric will commence customer trials with existing ACOMP models by the end of 2021 and will have exclusive or co-exclusive sales rights for the new models that will be launched in the future.
The company will also handle engineering and all other system integration tasks and provide after-sales field services for its customers in the chemical industry.
ACOMP is currently the only system on the market with the online capability to continuously extract and analyze important aspects (viscosity, molecular weight, monomer concentration, solute concentration, etc.) of polymerization processes that produce plastics, rubber, paint, and other products.
As evidenced by customers, this real-time monitoring of polymerization processes enables optimizations to be performed that enhance safety, quality, and yield as well as operational efficiency. Significant cost savings have also been observed.