President, Chief Executive Officer & Director, Aspen Technology
Search every verified Antonio Pietri interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Antonio Pietri, President and CEO of Aspen Technology, has stated that the company's software, historically used to drive efficiencies and profitability, is increasingly being applied to decarbonization efforts. He noted that the same technologies used to model hydrocarbons are now being used for renewables, hydrogen, and biofuels. Pietri said the company is commercializing a CO2 management technology acquired from Aramco and has developed an emissions management solution through an advisory group in the Middle East. He described AspenTech as "central to achieving Net Zero carbon emissions" and said customers have told the company it is "uniquely positioned" in this area. Pietri has discussed the company's approach to artificial intelligence, stating that AspenTech integrates AI capabilities with "first principles of engineering" to provide guardrails for deployment in complex industrial assets. He said customers are becoming more discerning about the type of AI they deploy, differentiating between large language models and AI algorithms for specific use cases. Pietri also commented on the energy transition, saying that scaling technologies like hydrogen and biofuels will take time and that the focus through 2030 should be on driving efficiencies. He added that the company is monitoring quantum computing, which he described as "quite disruptive" once commercially available at scale.
“What we see, especially in the oil and gas refining and chemical sectors is focused on continuing to drive efficiencies, but also managing their business to make it more sustainable, sort of managing through the energy transition.”
“In our case, we've been involved with artificial intelligence for 20 years, since the late '90s actually. We went through the AI winter in the late '90s. But since 2010, we've been introducing more AI capabilities into our products.”
“It's not about a stand alone AI application, it's about enhancing the accuracy predictability of our products using these capabilities. We're seeing customers interested in this approach to AI, because in a way the first principles of engineering that exist in our products, the chemistry, the physics, the optimization,...”
“When you're deploying these capabilities in very complex assets to operate, you want to make sure that it's trusted, robust and provides those guard rails. So this context, we're seeing customers becoming more discerning about the type of AI that they're willing to deploy in their organizations, differentiating between...”
“I know now that we're going through a moment of economic uncertainty, and Russia had to do with us exiting the country after sanctions were imposed. But the last two years, we've integrated a couple of great businesses into Aspen Tech. We've transformed them and we've moved into utilities and transmission and distribut...”
“Now that we're through the integration and transformation of these two businesses, our side of the Russia business, we feel very excited that we're now poised to really start executing on our go-to-market strategy, to drive and create use of our technologies.”
“Our customers are telling us that we're uniquely positioned, not only to help them drive efficiencies but to drive resiliency.”
“For example, for our global refining customers, and we're the leaders in that market, we estimate that we create about $22 billion a year in value, incremental value, but also reduce the emissions by about 16 million metric tons per year.”
“Our solutions historically have been used to drive efficiencies and profitability, but over the last three to five years, with a shift towards sustainability, those efficiencies also reduce CO2 emissions.”
“Last year at ADIPEC we announced a partnership with Aramco where we acquired a technology that Aramco developed around the sources and uses for CO2, and over the last year we've been productizing and now we're going to commercialize that product.”
“We are central to achieving Net Zero carbon emissions; our customers tell us that we're uniquely positioned in this area.”
“The same technologies that have been used historically to model molecules in hydrocarbons are now being used to model molecules in renewables, hydrogen, biofuels, and circularity.”
“Sustainability is new to a lot of companies, so we've introduced a whole curriculum of competency development, and our customers are very interested in that because they need to increase the capabilities of their workforce around sustainability.”
“The main challenge for customers around decarbonization and the energy transition is that it's very complex with many challenges and opportunities.”
“Our customers are looking for partners they can collaborate with to help them in this transition; every company will have a different pathway to Net Zero carbon emissions.”
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