Even in 2014, many existing energy intensive industrial facilities are facing significant challenges while competing in a global marketplace. With increased competition and increased capacity coming on-line in regions with significant cost advantages, there is renewed interest in improving and sustaining the performance of existing assets. Maturing markets, over-capacity plants, increasing environmental pressure, and rising raw material prices continue to challenge the profitability of asset intensive industries such as steel, glass, chemical, pulp & paper, cement, oil & gas, petrochemicals / refineries, food, pharmaceuticals, metals, iron & steel and aluminum.
Particularly in the asset intensive industries that use a large amount of heat, energy represents a key controllable cost and it can be as high as 20% of the total operating costs. Therefore, achieving optimum energy efficiency has become vital in the battle to reach operational excellence and maximum profitability. To accomplish excellent energy efficiency in existing processes new approaches are needed.
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