August 2015

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HP Petrochemicals: Consultant: Managers need long-term focus to find downstream sustainability

Top industry management should consider profits over the long term to make the business case for more sustainability, with a particular focus on results in the four-to-five-year range rather than on the initial year or two.

DuBose, Ben, Hydrocarbon Processing Staff

Top industry management should consider profits over the long term to make the business case for more sustainability, with a particular focus on results in the four-to-five-year range rather than on the initial year or two. Jimmy Kumana, CEO with Houston-based Kumana & Associates, delivered this message at the petrochemicals track of the sixth annual International Refining and Petrochemical Conference (IRPC), held in Abu Dhabi. “To capture 80% of the savings potential, you must accept payback four or five years down the line,” he said. “For a one-to-two-year payback, savings are likely to be subpar.” Mr. Kumana pointed to the Solomon Energy Intensity Index (EII) as a glob

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