It Pays to Give Energy Management a Thought!

Overview:

In the last few years, the cost of energy has increased many fold, this has made the measurement and management of energy a key area of activity in the industry. As the demand of energy increases world wide, the pressure on resources increases and this leads to the increase in costs. It is a simple issue of demand and supply. Even the environment is under threat due to increased release of greenhouse gasses. In the modern competitive world, tangible costs must be reduced and efficiency optimized to be competitive. Even at the recently G8, targets were set at reducing the emissions released through burning of fuels. It is amazing how we can achieve both goals of lower costs through better efficiency and lower emissions through better energy management.

This paper comments on possible ways to manage energy in a processing plant. More specifically we will concentrate on better energy measurement and increasing efficiency through benchmarking and information management. The author will also offer practical ways to reduce operational costs with small capital expenditure and thus a fast ROI.