Use it of Lose it: Chemical Industry Energy Consumption
One of the chemical industry’s biggest—and most misunderstood—business opportunities is the recovery of income lost to energy waste. Out of 3.73
quadrillion Btu of fuel and electricity delivered “to the fence” of chemical industry facilities in 2001, a conservative estimate claims that 37 percent
(1.36 quads) was lost in combustion, distribution, and energy conversion activities. At today’s fuel prices of about $7 per MMBtu, those losses equate to over $26 billion.
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