Saturday, 15 June 2019

THE ENERGY EFFICIENCY & CO2 EMISSIONS BENCHMARK

THE ENERGY EFFICIENCY & CO2 EMISSIONS BENCHMARK

The Challenge

The chemical industry is facing considerable challenges regarding its energy use and CO2 emissions.
  • Fertilizer production alone accounts for roughly 1.2 % of global energy consumption and 1% of all greenhouse gases annually
  • Ammonia manufacturing makes up approximately 90% of this energy use

The Opportunity

Nevertheless, the opportunity for the sector is just as considerable:
  • Ammonia producers are keeping their eye on the ball: energy efficiency in the sector has been significantly improved since manufacturing began in the early 20th century
  • Modern ammonia production technology now allows for a theoretical minimum of energy consumption through best-available techniques (BAT’s)
  • Efficiency improvements drive emissions reductions: production processes that use less energy per unit of ammonia output reduce manufacturing costs and reduce greenhouse gas emissions
  • The global ammonia sector still has room for efficiency improvements
Since 2004, IFA’s ammonia Energy Efficiency & CO2 Emissions benchmarking study has emerged as the global reference for measuring progress and encouraging investment in efficiency improvements.
“My company’s continued participation in the IFA Energy Efficiency & CO2 emissions benchmarking has enabled us to transform the way we look at this aspect of our business. The emerging KPI’s allow us to measure our progress against global standards, and stay one step ahead of regulators.”
―YASSER ABDULRAHIM ALABBASI, GPIC

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