ExecutiveBiz ExecutiveBiz covers emerging companies in Washington's government contracting sector. 
Siemens AG‘s smart grid division and SABIC Polyolefine GmbH have agree to jointly develop an energy data management system for a petrochemical processing plant in Germany.
The end product will is intended to help manage procurement, conversion, distribution and utilization of power at the Gelsenkirchen plant owned by Saudi Basic Industries Corp., AMEInfo.com reported Thursday.
The lant produces thermoplastics such as polyethylene and polypropylene, key materials used in the manufacture of packaging foil, bottles, tubes and other plastic products.
Siemens will develop a scalable energy data management and automation platform, intended to be compatible with the needs of the Gelsenskirchen plant using its Siprotec and Sicam product lines.
“In the course of the energy revolution, it will become ever more important for energy-intensive industries to produce with the highest possible energy efficiency in order to save money,” said Jan Mrosik, smart grid division CEO of Siemens’ infrastructure and cities sector.
