Saudi Basic Industries Corporation (SABIC), the fourth largest chemical company in the world and Bently Nevada, a digital solution providing arm of US-based Baker Hughes, have announced a strategic framework alliance agreement for the supply of asset performance management services.
The five-year partnership includes the delivery of Bently Nevada’s plant-wide condition monitoring and machine asset protection services across 1,200+ assets at 16+ SABIC sites in the kingdom.
For industrial customers all over the world, Bently Nevada provides critical plant-wide asset health monitoring, analytics, and data protection. The partnership with SABIC will provide more simplified, assured access to Bently Nevada’s comprehensive portfolio of hardware, software, and services, including the System1 platform.
With over 10,000 installations in over 90 countries, System 1 is a significant enabler of digital transformation for industry, delivering operational efficiency, improving asset lifecycles, and reducing non-productive downtime
“This is a great example of the value this strategic collaboration brings for both parties, driving cost optimization and manufacturing excellence. Our affiliates can utilize Bently Nevada’s strong track record in the domain of condition monitoring which will help boost SABIC’s asset management strategy while delivering local support, and knowledge transfer to our staff.”
According to reports, the work under the partnership will begin in October 2021 and will be carried out by local talent to enrich knowledge and expertise locally.
“Baker Hughes continues to invest for growth and we are committed to developing the latest technologies and delivering deep domain expertise that will help SABIC strategically manage its assets,” said Mr. Ed J. Boufarah, vice president of Bently Nevada.