Carbon Pricing Necessitates Asset Optimization. Smart Manufacturing Gets Smarter

摘要

Rapid Globalization has resulted in many process manufacturers in the petrochemical verticals have plants, outside the jurisdictions. Without the right strategies, the companies end up facing loses due to rising crude oil prices. In a complex and volatile marketplace, the industry needs to be prepared for new government legislation to reduce emissions. With carbon trading, it is where your factories are located that matters, according to experts like Alexander Rau from Climate Wedge. Rapid globalization has resulted in many process manufacturers in the oil, gas and petrochemical verticals having multi-site operations. This includes companies owning plants outside their headquartered jurisdictions. Without the right strategy to mitigate changing market conditions, companies risk losing significant ground to the competition. Inefficient processes expose petrochemical plants and refineries to the double whammy of rising crude oil prices and the need to reduce emissions. Carbon trading is broadly recognized as an exchange of credits between nations to reduce carbon dioxide emissions. Companies can also trade polluting rights. Detractors of carbon trading advocate direct government regulation. Either way, companies need to address the downside with a systematic and sustainable approach to achieve holistic efficiency.