Digital twin: Fast, yet reliable
Electricity instead of natural gas, sustainable raw materials instead of petroleum: The chemical industry is undergoing a transformation. However, medium-sized companies often find it difficult to make the right investment decisions for their own business and processes. Prof. Dr. Bastian Etzold, holder of the Chair of Power-to-X Technologies at Friedrich-Alexander-Universität Erlangen-Nürnberg (FAU), is working on a method to simulate different scenarios for an individual company within seconds, providing company leaders with a reliable decision-making tool for costly investments. The project is being funded with 1.3 million euros. Read more …