International Petrochemical Company Completes Successful First Site Implementation of Ivara’s Asset Performance Management Software
BURLINGTON, ON (Dec. 1, 2008) – Ivara Corporation, the industry leader and innovator in asset performance management solutions, today announced that MTBE Malaysia Sdn Bhd (MMSB), a subsidiary of Petronas, an international petroleum corporation, has successfully completed its first pilot site implementation of EXP Enterprise at the company’s Propane Dehydrogenation (PDH) facility located in Kuantan, Malaysia. Working with Asset Dynamics Asia (ADA), a member of Ivara’s global network of reliability experts, The Aladon Network and EXP Enterprise Implementation Partner, MMSB implemented Ivara’s asset performance management software in only nine weeks to quickly deploy a proactive maintenance program for PDH plant.
Ivara’s flexible delivery approach, Ivara Work Smart®, enabled the accelerated implementation of EXP Enterprise. Ivara’s reliability strategy development methodology, Maintenance Task Analysis (MTA), was leveraged to rapidly create the equipment reliability program in EXP. Facilitated by Asset Dynamics Asia, the MTA process was used to validate the company’s existing FMEAs, identify new failure modes and recommend maintenance tasks to address each failure mode. The MTA results were captured in EXP Enterprise and the reliability program built, complete with equipment health indicators.
Today, PDH operators use EXP to conduct inspection routes, collecting over 3000 numeric equipment condition indicators and over 700 qualitative indicators using handheld devices. This data is automatically consolidated with all other sources of condition data including over 250 indicators from online equipment or process data. In addition, over 1400 indicators are calculated based on rules and calculations set up in EXP. EXP then analyzes all of the information and triggers alarms when asset performance or condition degrades. With EXP, PDH is now able to link a failure back to its failure mode and capture the value of avoiding that failure..
“Getting to value quickly and efficiently is a must in today’s competitive environment. The achievement at MMSB is proof that we have the right implementation approach, partners and technology to help our customer’s quickly realize value from their Ivara investment,” says Paul Marshall, president and COO, Ivara Corporation. “We congratulate MMSB on their achievement and look forward to driving even greater value for them in the future.
About Ivara:
Ivara is the leader in asset performance management software, Ivara EXP Enterprise, and services including Ivara RCM2™, the leading reliability strategy development methodology. RCM2 is delivered exclusively by The Aladon Network, Ivara’s global network of reliability experts. Ivara EXP prevents industrial equipment failure, increases production and lowers costs for better business performance. EXP transforms data into real-time intelligence and helps plant and operations management make fast and accurate business decisions. Customers worldwide, representing a cross section of asset intensive industries, realize the benefits of EXP every day. For more information, visit http://www.ivara.com
About Asset Dynamics Asia:
Asset Dynamics Asia is a leading provider of reliability consulting services in South East Asia. ADA holds licences for Reliability Centred Maintenance (RCM2™) and Reliability Centred Spares (RCS™) methodologies and support the IVARA EXP suite of software products in this region. ADA clients are asset intensive industries, including Refining & Petrochemicals, Oil & Gas Exploration & Production, Power Generation, Power Transmission, Pharmaceuticals, Metals & Mining, and Military. For more information, visit http://www.assetdynamicsasia.com
About MMSB:
MTBE Malaysia Sdn Bhd is a Petronas subsidiary consisting of three plants, ie MTBE plant, Polypropylene (PP) plant and Propane Dehydrogenation (PDH) plant located in Pahang, Malaysia. Its main products are MTBE, Propylene and Polypropylene. For more information, visit http://www.petronas.com
Ivara Contact:
Sandra DiMatteo
Director of Marketing
Ivara Corporation
Tel: 905-632-8000 ext. 271
Email Sandra DiMatteo
Asset Dynamics Asia Contact:
Denis Marshment
Director
Asset Dynamics Asia Pte Ltd
Tel: +65 6232 2781
Email Denis Marshment