March 2010

Special Report: Asset Performance Optimization

Breaking down the silos between energy and asset management

Having them share a common platform offers several advantages

Chin, W., Gillespie, J., ARC Advisory Group

It's no secret that hydrocarbon processing industry (HPI) plants consume a relatively large percentage of the world's energy and that in the typical refinery, approximately 50 percent of cash operating costs are for energy. Energy not only represents a major cost factor and opportunity for cost reduction in HPI plants, energy use in process units and utilities is also a major source of greenhouse gas emissions, which, in the future, are likely to add additional stress to the bottom line in the US and elsewhere. (The EU already has a cap-and-trade program in effect and the US EPA recently announced it could require the nation's biggest power plants and industrial operations to report greenhou

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