Latest news with #Univation
Yahoo
01-07-2025
- Business
- Yahoo
C3 AI, Univation Technologies enter strategic cooperation agreement
Univation Technologies and C3 AI (AI) have entered into a strategic cooperation agreement to commercialize AI-powered predictive maintenance solutions tailored for the petrochemical industry. With this agreement, Univation will license and distribute the C3 AI software currently in use at Dow, Univation's parent company. In addition, Univation will provide specialized technical services to support both the initial implementation and ongoing enhancements of the software for customers. Univation's C3 AI-powered offering integrates extensive operational insights and benefits from Dow's ongoing C3 AI deployment, drawing upon the proven benefits of the C3 AI Asset Performance Suite. This technology, already in use across more than 50 steam cracker furnace operations within Dow's global petrochemical facilities, is being expanded to additional furnaces and other critical asset classes. Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See today's best-performing stocks on TipRanks >> Disclaimer & DisclosureReport an Issue Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
01-07-2025
- Business
- Yahoo
C3.ai (AI) and Univation Strike AI Deal for Advanced Predictive Maintenance Across the Global Petrochemical Industry
Inc. (NYSE:AI) is one of the . On June 30, Univation Technologies, a global leader in petrochemical technology licensing, and C3 AI, have entered into a strategic cooperation agreement to deliver enterprise AI solutions for advanced predictive maintenance for the petrochemical industry. Under the agreement, Univation will license and distribute the C3 AI software that is already in use at Dow, Univation's parent company. It will also provide technical help to support initial implementation and software enhancements for customers as needed in the future. Univation's new C3 AI–powered offering leverages Univation's deep industrial knowledge with the proven success of C3 AI tools already used at Dow. The said technology is already in use across more than 50 steam cracker furnace operations within Dow's global petrochemical facilities. Together, the C3 Agentic AI Platform, the C3 AI Reliability application, and Univation's deep expertise will provide an enterprise-scale AI solution that identifies equipment issues proactively, maximizes uptime, and augments operational performance for steam cracker operations. 'As the trusted leader in predictive maintenance, we've turned Enterprise AI into a core capability for modern industrial operations. Our work with Dow sets the standard for how industrial companies can use AI to drive efficiency, reduce costs, and optimize performance. And this collaboration with Univation will accelerate adoption of this proven, domain-specific AI application across the broader petrochemical industry and support modernization across the market by delivering real, measurable benefits of AI at scale.' -Ed Abbo, Chief Technology Officer, C3 AI. While we acknowledge the potential of AI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 AI Stocks in the Spotlight and Disclosure: None. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
30-06-2025
- Business
- Yahoo
Univation Technologies and C3 AI Collaborate to Deliver Enterprise AI Solutions for Advanced Predictive Maintenance Across the Global Petrochemical Industry
Univation's new C3 AI–powered predictive maintenance solution for the petrochemical industry delivers enhanced operational efficiency, reduced maintenance expenses, and improved asset availability — leveraging insights from Dow Inc.'s successful implementation across its manufacturing facilities. This collaboration builds off Dow's success with C3 AI Reliability, currently scaling across Dow's global steam cracking furnace fleet and other critical assets. HOUSTON, Texas and REDWOOD CITY, Calif., June 30, 2025 /PRNewswire/ -- Univation Technologies, a global leader in petrochemical technology licensing, and C3 AI (NYSE: AI), the Enterprise AI application software company, have entered into a strategic cooperation agreement to commercialize AI-powered predictive maintenance solutions tailored for the petrochemical industry. With this agreement, Univation will license and distribute the C3 AI software currently in use at Dow, Univation's parent company. In addition, Univation will provide specialized technical services to support both the initial implementation and ongoing enhancements of the software for customers. Univation's C3 AI–powered offering integrates extensive operational insights and benefits from Dow's ongoing C3 AI deployment, drawing upon the proven benefits of the C3 AI Asset Performance Suite. This technology, already in use across more than 50 steam cracker furnace operations within Dow's global petrochemical facilities, is being expanded to additional furnaces and other critical asset classes. "C3 AI has been pivotal in transforming Dow's operations from reactive to predictive, optimizing asset performance to drive value. As we scale these solutions across Dow's portfolio, we anticipate significant benefits," said Debra Bauler, chief information and digital officer at Dow. "We look forward to continuing our partnership with C3 AI as we advance a world-class predictive maintenance program and uncover further opportunities to enhance efficiency, reliability, and productivity throughout our operations." The Univation and C3 AI collaboration brings together the power of the C3 Agentic AI Platform, the C3 AI Reliability application, and Univation's deep expertise in licensing technology and delivering technical services to offer an enterprise-scale AI solution that proactively identifies equipment issues, maximizes uptime, and optimizes operational performance for steam cracker operations. Key features of this new AI-powered predictive maintenance solution include: Improved plant performance through data-driven insights and predictive analytics. Proactive identification of equipment issues, allowing for timely intervention, preventing costly failures, and enhanced maintenance strategies. Maximizing the productive lifespan of critical equipment through proactive maintenance interventions. Enterprise-scale platform and user-interface adaptable to a wide range of steam cracker furnace unit operations. Expert technical support from Univation and C3 AI ensures a smooth implementation and ongoing enhanced performance. Nathan Wiker, president of Univation Technologies, commented, "The operational advantages delivered by the C3 Agentic AI Platform are truly transformative - elevating proactive predictive maintenance programs for steam cracker operations to an entirely new level." Nathan continued, "This powerful three-fold synergy — the C3 AI Asset Performance Suite, Dow's proven success in deploying it across critical operations, and Univation's global expertise in delivering world-class technical services — ushers in a new era of preventative maintenance for the petrochemical industry. We are confident that our AI-based solution will drive significant improvements in asset availability and uptime for steam cracker units, while also delivering substantial cost savings." "As the trusted leader in predictive maintenance, we've turned Enterprise AI into a core capability for modern industrial operations," said Ed Abbo, Chief Technology Officer, C3 AI. "Our work with Dow sets the standard for how industrial companies can use AI to drive efficiency, reduce costs, and optimize performance. And this collaboration with Univation will accelerate adoption of this proven, domain-specific AI application across the broader petrochemical industry and support modernization across the market by delivering real, measurable benefits of AI at scale." Learn more about Univation's innovative licensed technology portfolio by visiting Learn more about the C3 AI and the C3 AI Reliability application by visiting About Univation Technologies, LLC Univation Technologies is the global leader in licensed polyethylene technology. Univation has a proven track record of delivering process, product, and catalyst technologies as well as related technical services to the global polyethylene industry for more than 50 years. More than one-third of all HDPE and LLDPE resins produced globally is supplied by the industry-leading UNIPOL™ PE Process. Univation is also the world's leading manufacturer and supplier of conventional and advanced polyethylene polymerization catalysts designed specifically for the UNIPOL™ PE Process. For more information, visit UNIVATION, XCAT, PRODIGY, PREMIER, ACCLAIM, UNIGILITY, stylized "Univation Technologies", and the stylized "U" are trademarks of Univation Technologies. UNIPOL and UCAT are trademarks of The Dow Chemical Company ("Dow") or an affiliated company of Dow, licensed for use to Univation Technologies. Media ContactUnivation Technologies LLCDuane ThompsonEmail: dthompson@ About Inc.C3 AI is the Enterprise AI application software company. C3 AI delivers a family of fully integrated products including the C3 Agentic AI Platform, an end-to-end platform for developing, deploying, and operating enterprise AI applications, C3 AI applications, a portfolio of industry-specific SaaS enterprise AI applications that enable the digital transformation of organizations globally, and C3 Generative AI, a suite of domain-specific generative AI offerings for the enterprise. C3 AI Public RelationsEdelmanLisa Kennedy415-914-8336pr@ Investor Relationsir@ View original content to download multimedia: SOURCE Univation Technologies, LLC
Associated Press
12-05-2025
- Business
- Associated Press
Univation Technologies Announces World-Scale 800,000 Tonnes/Year Design Capacity for UNIPOL™ PE Process Technology
HOUSTON, May 12, 2025 /PRNewswire/ -- Univation Technologies, LLC announces the next-generation of the UNIPOL™ PE Process platform with its newest world-scale licensed capacity offering of an 800,000 tonnes per year design. This significant advancement builds upon Univation's long-standing history and leadership position delivering large capacity lines that provide superior economy-of-scale benefits. In addition to investment advantages, the 800,000 tonnes per year design maintains excellent polyethylene resin product flexibility including capability for the manufacture of unimodal high-density polyethylene (HDPE), bimodal high-density polyethylene (bHDPE), linear low-density polyethylene (LLDPE), and metallocene PE (mPE) resin products. This increased nameplate capacity represents a substantial leap forward in world-scale design for the UNIPOL™ PE Process and significantly exceeds Univation's previous world-scale nameplate capacity of 650,000 tonnes per year. This new licensed process design package is immediately available from Univation Technologies and delivers significant advantages for polyethylene producers seeking to build a new PE plant. Nathan J. Wiker, president of Univation Technologies, commented, 'With cracker complexes becoming ever larger, the development of this technology breakthrough responds to the industry's clear demand for larger production capacities by offering improved configuration options while building on the already proven significant capital and operating cost efficiencies and product flexibility of the UNIPOL™ PE Process.' Nathan Wiker continued, 'The 800,000 tonnes/year design for the UNIPOL™ PE Process represents not only a significant increase in scale, but it is also tangible evidence of Univation's long-standing commitment to leading innovation within the polyethylene industry.' For more information on Univation's licensed process technologies for polyethylene production including the UNIPOL™ PE Process and the UNIGILITY™ PE Process, please visit Media Contact: Univation Technologies, LLC Duane Thompson [email protected] About Univation Technologies, LLC Univation Technologies is the global leader in licensed polyethylene technology. Univation has a proven track record of delivering process, product and catalyst technologies as well as related technical services to the global polyethylene industry for more than 55 years. More than one-third of all HDPE and LLDPE resins produced globally is supplied by the industry-leading UNIPOL™ PE Process. Univation is also the world's leading manufacturer and supplier of conventional and advanced polyethylene polymerization catalysts designed specifically for the UNIPOL™ PE Process. Univation further offers the UNIGILITY™ Tubular High Pressure PE Process Technology to produce advantaged performance resins covering LDPE homopolymer and EVA copolymer market applications. UNIVATION, XCAT, PRODIGY, PREMIER, ACCLAIM, UNIGILITY, stylized 'Univation Technologies', and the stylized 'U' are trademarks of Univation Technologies. UNIPOL and UCAT are trademarks of The Dow Chemical Company ('Dow') or an affiliated company of Dow, licensed for use to Univation Technologies. View original content to download multimedia: SOURCE Univation Technologies, LLC
Yahoo
12-05-2025
- Business
- Yahoo
Univation Technologies Announces World-Scale 800,000 Tonnes/Year Design Capacity for UNIPOL™ PE Process Technology
HOUSTON, May 12, 2025 /PRNewswire/ -- Univation Technologies, LLC announces the next-generation of the UNIPOL™ PE Process platform with its newest world-scale licensed capacity offering of an 800,000 tonnes per year design. This significant advancement builds upon Univation's long-standing history and leadership position delivering large capacity lines that provide superior economy-of-scale benefits. In addition to investment advantages, the 800,000 tonnes per year design maintains excellent polyethylene resin product flexibility including capability for the manufacture of unimodal high-density polyethylene (HDPE), bimodal high-density polyethylene (bHDPE), linear low-density polyethylene (LLDPE), and metallocene PE (mPE) resin products. This increased nameplate capacity represents a substantial leap forward in world-scale design for the UNIPOL™ PE Process and significantly exceeds Univation's previous world-scale nameplate capacity of 650,000 tonnes per year. This new licensed process design package is immediately available from Univation Technologies and delivers significant advantages for polyethylene producers seeking to build a new PE plant. Increased Production Capability: Achieve substantially higher output compared to previous generation technologies. Flexible Production Platform: Produce a wide range of unimodal and bimodal HDPE, LLDPE, and metallocene PE resin products offered by Univation Technologies. Cost-Effective Operations: Benefit from economies-of-scale contributions towards lower capital investment costs per tonne of PE resin produced. Proven PE Process Technology: Leverage the reliability and performance of the well-proven UNIPOL™ PE Process Technology platform with an over 55-year track record of successful start-ups and demonstrated top-tier operations. Compatible with Univation's PE Catalyst Offering: Suitable for Univation's conventional and advanced catalyst offerings including PRODIGY™ Bimodal Catalysts, ACCLAIM™ Unimodal Catalysts, and XCAT™ Metallocene PE Catalysts. Operations Enhanced with Advanced Process Control: Univation's PREMIER™ APC+ 3.0 Process Control platform further boosts the operational performance of the world-scale plant design including enhancements to raw material efficiency, production rate maximization, and on-spec production. Nathan J. Wiker, president of Univation Technologies, commented, "With cracker complexes becoming ever larger, the development of this technology breakthrough responds to the industry's clear demand for larger production capacities by offering improved configuration options while building on the already proven significant capital and operating cost efficiencies and product flexibility of the UNIPOL™ PE Process." Nathan Wiker continued, "The 800,000 tonnes/year design for the UNIPOL™ PE Process represents not only a significant increase in scale, but it is also tangible evidence of Univation's long-standing commitment to leading innovation within the polyethylene industry." For more information on Univation's licensed process technologies for polyethylene production including the UNIPOL™ PE Process and the UNIGILITY™ PE Process, please visit Media Contact: Univation Technologies, LLC Duane Thompson dthompson@ About Univation Technologies, LLC Univation Technologies is the global leader in licensed polyethylene technology. Univation has a proven track record of delivering process, product and catalyst technologies as well as related technical services to the global polyethylene industry for more than 55 years. More than one-third of all HDPE and LLDPE resins produced globally is supplied by the industry-leading UNIPOL™ PE Process. Univation is also the world's leading manufacturer and supplier of conventional and advanced polyethylene polymerization catalysts designed specifically for the UNIPOL™ PE Process. Univation further offers the UNIGILITY™ Tubular High Pressure PE Process Technology to produce advantaged performance resins covering LDPE homopolymer and EVA copolymer market applications. UNIVATION, XCAT, PRODIGY, PREMIER, ACCLAIM, UNIGILITY, stylized "Univation Technologies", and the stylized "U" are trademarks of Univation Technologies. UNIPOL and UCAT are trademarks of The Dow Chemical Company ("Dow") or an affiliated company of Dow, licensed for use to Univation Technologies. View original content to download multimedia: SOURCE Univation Technologies, LLC Sign in to access your portfolio
