Energy Management in Oil Refineries – What Is Driving It and Where Do the Opportunities Lie?

Frost & Sullivan’s Energy & Power Systems practice in Asia Pacific will host an analyst briefing via webinar on Energy Management in Oil Refineries on November 18th 2008 at 11:00 hrs (GMT +08:00hrs) Singapore time.

2008 has been the most dramatic and dynamic year for global energy prices. The volatility of oil prices has demanded agonizing re-appraisal by oil refineries forcing them to visit and re-visit their energy management strategies and policies in an effort to maintain profit margins. On one hand, there are oil refiners who are ready to invest millions of dollars on Energy Management initiatives, as a part of their Corporate Social Responsibility / improving Energy Efficiency program, and on the other hand there are oil refiners who not ready to accept the financial feasibility of investments in energy management products / solutions. The key to access the hidden opportunity is to identify the bottlenecks and bridge the gap between Energy Service Companies (ESCOs) and Oil Refiners.

Highlights of the briefing include analyses of: existing energy management trends and practices in Singapore, Malaysia and Indonesia (Oil Refineries), market sizing and opportunities, major market drivers / restraints and methodology to deal with bottlenecks. We will also provide an update of related and upcoming research, along with an opportunity for a question and answer session with the analyst.

This briefing will benefit Energy Managers associated with Oil refineries which comprise of: Energy Service Companies (ESCOs), energy auditors, Oil Refinery Engineering Managers (Energy Management cell), Energy efficiency solution providers / product manufacturers by discussing emerging trends / opportunities and providing forward projections for the Energy Management market in Singapore, Malaysia and Indonesia.

Priyanshu Kumbhare, Consultant, Energy and Power Systems Practice says, “Volatile energy prices have undermined stock prices and at the same time the battle for being energy efficient to stay competitive in the market has been demanding continuous appraisal by Oil Refiners. They have been confronted with radically changed situations and are always in pursuit to adopt the best energy management practices to deal with these changes.”