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Schneider unveils EcoStruxure in India to drive oil and gas efficiency

Author : Pankaj Singh | Published Date : 2019-09-13 
  • Using Schneider Electric’s EcoStruxure can lead to better returns on the capital employed, along with a 20% reduction in CapEx and 15% downtime reduction.
  • Schneider has teamed up with Microsoft to build commercial solutions from internet of things (IoT) in the field of automation and energy management.

Schneider Electric, the French multinational automation and energy management specialist, reportedly the launched Eco Struxure Power and Process (EP&P), to augment profitability and increase efficiency in India’s rapidly growing oil and gas sectors.

Schneider has teamed up with Microsoft to build commercial solutions from internet of things (IoT) in the field of automation and energy management. Through the EcoStruxure platform, the electric firm intends to address the market volatility challenges arising in the oil and gas industry, while reducing OpEx and CapEx by 20%-30%.

Anil Chaudhry, Managing Director at the Schneider Electric India said when process and power management systems work as separate silos, industrial enterprises soon find themselves trapped in a competitive disadvantage. Through EcoStruxure companies can get better returns on the employed capital, with a 20% reduction in CapEx and a 15% reduction in downtime, as well as a 3% increase in profitability.

Anil Chaudhry further added that the Indian hydrocarbon market is at the edge of major transformation as companies in the value chain are stepping up their efforts to increase the country’s self-sufficiency in gas and oil, further expand refining capacities, and establish infrastructure of pipeline for transportation throughout the country.

By leveraging the IoT-enabled EcoStruxure platform and system architecture, consumers can link assets that at the core of their projects to the assets that come form the core of their operations throughout the complete life cycle of their respective plants, including supply chains.

About Schneider Electric:

Schneider Electric, a French multinational electric company and a leader in digital transformation of energy management as well as automation in homes, data centres, buildings, industries and infrastructure. The company is active in over 100 countries across the world.

Source credit: https://www.moneycontrol.com/news/business/schneider-electric-launches-ecostruxure-to-drive-efficiency-in-oil-gas-and-petrochemical-industry-in-india-4426101.html

About Author

Pankaj Singh

Pankaj Singh

Endowed with a post graduate degree in management and finance, Pankaj Singh has been a part of the online content domain for quite a while. Having worked previously as a U.K. insurance underwriter for two years, he now writes articles for fractovia.org and other online portals. He can be contacted at- [email protected] | https://twitter.com/PankajSingh2605

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