Phillips 66 invests in Seeq
Published by Callum O'Reilly,
Senior Editor
Hydrocarbon Engineering,
Phillips 66 is driving to expand its advanced analytics capabilities with an investment supporting Seeq, a developer of software applications for analysing and sharing insights on process manufacturing data.
The investment is through the Altira Group, a venture capital firm that counts Seeq as one of its portfolio companies. It is the first investment by Phillips 66’s Digital Ventures organisation, which is part of the AdvantEdge66 program launched by the company to drive digital transformation and innovation.
“Data can yield incredible value and insights when properly gathered and refined through advanced analytics,” said Zhanna Golodryga, Senior Vice President and Chief Digital and Administrative Officer for Phillips 66. “That’s why it’s important for us to collaborate with companies to advance innovation in the digital and analytics spaces. This investment provides a pathway for us to help Seeq grow and continue to improve its products, which we believe will be beneficial for our digital transformation journey.”
Seeq is a privately held virtual company headquartered in Seattle with a comprehensive set of process manufacturing and Industrial Internet of Things software applications.
Read the article online at: https://www.hydrocarbonengineering.com/refining/10082021/phillips-66-invests-in-seeq/
You might also like
Hydrocarbon Engineering Podcast
Susan Bell, Senior Vice President within Commodity Markets – Oil, Rystad Energy, discusses the impact of trade wars on global oil demand and oil prices, in light of President Trump’s ‘Liberation Day’ tariffs.
RYAM and Verso Energy advance e-SAF in the US
RYAM and Verso Energy has signed a new MoU to advance an e-SAF and CO2 utilisation project in Jesup, Georgia, USA.
