2024 Chung SOLEX Processingmagazine Maximizing waste energy recovery in brownfields

Ongoing geopolitical uncertainties and ever-changing monetary policies in response to inflation concerns have recently led to increased volatility in the energy market that is expected to persist. Many forward-thinking operators are getting ahead of these pressures by implementing thoughtful programs that safeguard themselves from undue risks — from the deployment of financial instruments and hedges to re-evaluating and improving the physical operations.
Regulatory action in response to climate change has added another element of complexity. Policymakers worldwide have introduced various instruments and enforcement measures to influence behaviors and decision-making with the objective of reducing carbon emissions and encouraging carbon-reducing innovations.
The role of societal pressures must also not be ignored. Despite more than 140 countries having committed to achieving net-zero emissions targets, activist investors now regularly demand resolutions, calling for companies to adopt their own net-zero goals. In some cases, companies have faced employee exodus’ when corporate climate action objectives misalign with the values of their personnel.
While profitability continues to underpin decision-making for commercial operations, the calculation for this metric has become increasingly complicated due to emissions pricing and cost of compliance in the global marketplace. Therefore, many companies are making strategic investments to reduce energy consumption, which has the implied benefit of reducing emissions (and vice versa) — thereby improving environmental performance while reducing production costs and adding to the bottom line.

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