Aspen Technology (AspenTech) has bagged FIPI Award 2022 for "Digital Technology Provider of the Year."

The award was given by Union Minister for Petroleum & Natural Gas and Housing & Urban Affairs Hardeep Singh Puri to Abhinav Chowdhary, Country Manager, South Asia, Aspen Technology and Sunil Patil, Senior Director, Solution Consulting, APJ, Aspen Technology.

The FIPI "Digital Technology Provider of the Year" award honours an entity for developing and providing digital technologies for industrial applications.

The award honours Aspen Technology for their achievements in providing digital solutions to oil companies. Their cloud based asset management and optimisation solutions deployed across companies with delivered benefits in refinery capacity expansion and safe operations demonstrated their commitment to being the Digital Technology Provider of the Year.

Commenting on FIPI Award 2022, Abhinav Chowdhary, Country Manager, South Asia, Aspen Technology said, "This is our second consecutive award showcasing strong endorsement of our solution innovations for helping our customers on dual challenges."

The FIPI Oil and Gas Awards have been created to recognise the leaders, innovators, and pioneers in the oil and gas industry. The objective of the FIPI Oil & Gas Awards is to celebrate the industry's most outstanding achievements.

FIPI rewards those companies and individuals who have demonstrated an unparalleled ability to succeed, continually set standards of excellence, and are the stars of the industry.

Every year FIPI revamps the Awards scheme making it more objective by adopting quantitative parameters to the extent possible. This year the parameters of a few awards have been modified and five new awards viz. ‘Initiatives in Solar Energy - Company of the year’, ‘Initiatives in promoting Wind Energy - Company of the year’, ‘Initiatives in promoting Hydrogen - Company of the year’, ‘Initiatives in CCUS - Company of the year’ and ‘Initiatives in promoting Compressed Bio Gas - Company of the year’ have been introduced. In total there are nineteen categories of awards.

Entries are reviewed and evaluated by an 'Awards Committee' consisting of eminent personalities with vast experience in the Oil & Gas industry and specific domains. The committee presents the evaluation to an eminent Jury and winners are announced as per the verdict of the Jury.