Written by: Allan Rudman
In the hydrocarbon sector, saving energy is the most reliable way to reduce operating costs and improve margins in a volatile market. Energy projects have a lower risk profile as they are less dependent upon relative prices of different products. Saving energy will always save money; today, tomorrow and next year. Energy projects will:
- Reduce business risks by maximizing returns on investment and continually drive down operating costs
- Minimize the risk associated with stricter governmental and environmental legislations by reducing emissions and at the same time, improving public image.
In this paper we consider the drivers to reduce energy consumption, challenges and opportunities, the benefits of an energy management system and KPIs.