2012 will be probably one of the most difficult years to forecast for some time. Concerns remain about the changing business environment and the slowdown in the global economy. Global competition (mainly from BRIC Countries), 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 aluminium. Especially 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.
For additional information: