Prize rewards application of advanced process modeling to accelerate innovation
LONDON--(BUSINESS WIRE)--Process Systems Enterprise (PSE), providers of the gPROMS advanced process modelling (APM) software and related services, today announced the establishment of the €5000 annual PSE Model-Based Innovation Prize.
PSE is a leader in the emerging field of Model-Based Innovation (MBI), in which detailed high-accuracy mathematical models of processes and products are used to accelerate innovation and minimise risk. MBI helps to integrate R&D activities with engineering design while streamlining development and reducing costs.
gPROMS is the world’s leading modelling environment for such applications, and is widely used throughout the chemical and other process industry sectors for optimisation of design and operation of process plants.
The prize is open to researchers from industry, academia and research organisations. The judges will favour research that focuses on novel areas of process and related technology or novel approaches to traditional process areas, or brings simulation and modelling to process areas where they are not currently applied systematically. Applications that have a positive impact on society and the environment will also be favoured. Researchers must have made significant use of gPROMS advanced process modelling in achieving their results.
Submissions will be judged by the panel of three leading academics in the field of Process Systems Engineering: Professor Stratos Pistikopoulos (Imperial College London), Professor Rafiqul Gani (Technical University of Denmark) and Professor Michael Georgiadis (University of Western Macedonia, Greece).
Though PSE’s focus is primarily large industrial companies, gPROMS is used by some 200 universities around the world in support of research. Areas range from the development of future energy technologies to enhancements of traditional industrial processes to the development of new numerical solution and optimisation techniques.
Typical examples of Model-Based Innovation are the development and design of novel hydrogen storage technologies, Heat-Integrated Distillation Columns (HIDiCs) capable of saving up to 20% of process industry energy costs and new high-performance catalysts and fuel cell systems, as well as applications in novel areas such as the modelling of human cell metabolism.
Prof. Costas Pantelides, Managing Director of PSE, says “As a company that grew from research and innovation, we are keen to recognise the efforts of others who are doing the same.” PSE’s own ability to innovate was recognised with the receipt of the prestigious Royal Academy of Engineering MacRobert Award for Engineering Innovation in June 2007.
Information About PSE and About gPROMS is available on the PSE website at www.psenterprise.com/news/pressroom.html.
