Results
Solution
The business challenge
Helping a global chemical company survive in the face of energy price rises
The business challenge
When the geopolitical landscape quickly changed during the energy crisis of 2022, a global chemical company saw a huge pressure on its European sites. Energy consumption already represented a significant proportion of business costs, but when prices multiplied the company came under considerable pressure. Based in Europe, and heavily reliant on natural gas, it also faced the prospect of supplies being cut off completely.
To ensure the future of the business, it was imperative that the company immediately reviewed its energy use and took steps to reduce its consumption.
These changes had to be implemented as soon as possible, in order to cut costs rapidly. This also meant that deployment could not be reliant on a major CAPEX investment that could take months to budget and approve, and potentially years to implement.
The solution
The company asked us to review its global operations and develop concepts that would cut its energy costs. Working in partnership with our engineering partners, DB Energy, we evaluated the company’s energy systems and production processes before developing a range of options that would deliver the major savings required.
Included in those concepts were several heat recovery measures, such as condensation heat recovery via heat exchangers in drying towers and high temperature heat pump systems for recovery of heat which enabled possibility to actually use what was recovered. Additionally, more sophisticated controls were added to equipment such as the cooling units for process reactors and to adapt pumping pressures.
Results
We together with DB Energy can deliver these solutions either as a normal CAPEX project financed by the client, or – if desired - through the creation of an ESCO (Energy Service Company) – whereby the investment required is pre-financed by a financial third party.
The solutions we identified have the ability to deliver the company ca 20% reduction on its energy costs, within 15 months. Heat recovery systems deployed in the production process have also the possibility to reduce energy use in some areas to almost neutral levels.
12-18 months
Project duration
Europe
Location
Industrial Chemicals
Industry
We together with DB Energy can deliver these solutions either as a normal CAPEX project financed by the client, or – if desired - through the creation of an ESCO (Energy Service Company) – whereby the investment required is pre-financed by a financial third party.
The solutions we identified have the ability to deliver the company ca 20% reduction on its energy costs, within 15 months. Heat recovery systems deployed in the production process have also the possibility to reduce energy use in some areas to almost neutral levels.
Results
The company asked us to review its global operations and develop concepts that would cut its energy costs. Working in partnership with our engineering partners, DB Energy, we evaluated the company’s energy systems and production processes before developing a range of options that would deliver the major savings required.
Included in those concepts were several heat recovery measures, such as condensation heat recovery via heat exchangers in drying towers and high temperature heat pump systems for recovery of heat which enabled possibility to actually use what was recovered. Additionally, more sophisticated controls were added to equipment such as the cooling units for process reactors and to adapt pumping pressures.
The solution
The business challenge
12-18 months
Project duration
Europe
Location
Industrial Chemicals
Industry
When the geopolitical landscape quickly changed during the energy crisis of 2022, a global chemical company saw a huge pressure on its European sites. Energy consumption already represented a significant proportion of business costs, but when prices multiplied the company came under considerable pressure. Based in Europe, and heavily reliant on natural gas, it also faced the prospect of supplies being cut off completely.
To ensure the future of the business, it was imperative that the company immediately reviewed its energy use and took steps to reduce its consumption.
These changes had to be implemented as soon as possible, in order to cut costs rapidly. This also meant that deployment could not be reliant on a major CAPEX investment that could take months to budget and approve, and potentially years to implement.
Helping a global chemical company survive in the face of energy price rises