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LOTTE and CORYS enter into a joint collaboration for Operator Training Simulators for chemical plants

LOTTE and CORYS enter into a joint collaboration for digital twins for chemical plants

LOTTE Data Communication Co (LDCC) and CORYS are pleased to announce they have signed a Joint Development Agreement to provide Operator Training Simulators (OTS) of chemical plants for training, engineering studies and support to operations of LOTTE Group petrochemical process units.

LOTTE Data Communication Co (LDCC) and CORYS are pleased to announce they have signed a Joint Development Agreement to provide Operator Training Simulators (OTS) of chemical plants for training, engineering studies and support to operations of LOTTE Group petrochemical process units.

Advanced simulation and training solutions will be jointly developed by LDCC and CORYS engineers using CORYS’ INDISS PLUS® dynamic simulation software and VESSA 3D virtual reality immersive technology for industrial plants operated by LOTTE Group.

Ralf Gathmann, CEO of CORYS, stated: “this partnership is for CORYS a strategic step to combine CORYS dynamic simulation expertise with OTS and IoT complementary sets of technologies from LDCC. CORYS believes that a hybrid approach combining first principle physics-based and data-driven approach can leverage the strengths of both approaches and provide superior insights to operation.

Partnering with CORYS and working together as one team will unlock the full potential of digital transformation for smart factories. This agreement will allow us to provide high-quality digital solutions to our clients, enabling them to improve their safety, reliability and operating margin of their assets.” said Byung Hee Min, Executive Director of LDCC Convergence Research Center.

 

About CORYS

CORYS (www.corys.com) is a French simulation company owned by Framatome (50%), EDF (25%) and IFP Training (25%). CORYS has its headquarters in Grenoble (France) with subsidiaries in the United-States (CORYS Inc. in Jacksonville & Houston), China (HKD in Beijing & Xi’an), India (CORYS Simulation Systems Pvt Ltd in Pune) and Cyprus (HyperionRSI Simulation). The company has been supplying training and engineering simulators for more than 30 years to the Transportation, Power, Oil & Gas and Chemical industries using engineering grade modelling tools, virtual environments and control room replica and/or emulations.

CORYS is today an established leader of replica dynamic simulators with over 3700 simulators delivered worldwide. CORYS employs 360 engineers and scientists worldwide and has revenues of 60m€.

About LOTTE Data Communication Co.

LOTTE Data Communication Co. is a division of LOTTE Co., Ltd. the 5th largest South Korean conglomerate with total assets of CAD $136.4 Billion. LOTTE Group consists of over 90 business units employing 60,000 people. Major businesses are: food products, retail, entertainment, finance, real estate, amusement parks, hotels, IT, heavy chemicals, sports teams and R&D centers.

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