KBC releases Industrial Energy Transition Manifesto
Aug 29, 2019The Manifesto profiles the high stakes choices to be taken to capitalize on disruption of product markets, opportunities in the smart grid and the hydrogen economy
KBC (A Yokogawa Company) has released its Industrial Energy Transition Manifesto for the process industries. The Manifesto provides deep insight into current realities, scenario predictions and how major players are adopting a range of substantially different strategies to adapt. The Manifesto outlines the actions that are available to be taken now and indicators of the pace and scale of the transition.
The Energy Transition has become an executive imperative that has been heralded as one of the most profoundly disruptive issues facing the process industries today. The process industries need to find ways of thriving amidst demands to minimize environmental impactsand deliver medium and long-term decarbonization. There are a wide range of carbon emission reduction solutions available but establishing the optimum method or combination of tactics is a far from straightforward process.
Based on deep analysis and industry expertise, KBC's Industrial Energy Transition Manifestoformulates two scenarios to highlight the risks to the status quo and current consensus. It also outlines the differences in actions that must be taken should alternate scenarios come to fruition. The optimum pathway changes substantially between the different transition scenarios leading to divergent business strategies."
"Inertia is probably the biggest risk of all," says Tim Shire, KBC's Vice President - Energy Transition. "Digitalization of energy efficiency is a quick win, which applies in all scenarios. Beyond that, carbon mitigation will require significant planning, capex and attention".
KBC's Industrial Energy Transition Manifesto is available to download now from the KBC website.

New digital twin technology to minimize process engineering waste
Jun 10, 2020
KBC’s Petro-SIM® optimizes total cost and ownership value of process simulation models in Oil & Gas and Chemical industries.
Read full article
KBC and OLI Systems announce predictive software solution to mitigate USD 65 billion/year corrosion and scaling problems across the oil and gas industry
Jun 3, 2020
Petro-SIM® and the OLI Alliance Engine digital twin mitigates operational risk, increases efficiency, and prevents revenue loss.
Read full article
Rompetrol to achieve digital transformation and triple bottom line performance with KBC digital twin
Apr 30, 2020
Petro-SIM® connected digital twin to sustain margin improvements and underpin digital transformation activities.
Read full articleGet the latest updates from KBC
Sign up to our newsletter to receive our latest innovations, viewpoints and be informed about any upcoming events.