Energy with EY: Enhancing efficiency end-to-end in chemicals

With data-informed, technology-enabled and people-centric problem solving, chemicals companies can optimize energy, cost and emissions.

In brief

• Chemicals companies face competing priorities that are nuanced by their operations’ markets, segments and geographies.
• There is an immediate focus on operations’ cost efficiency while also progressing sustainability goals.
• Focus areas include asset performance, materials innovation and infusing resilience into the value chain.

Chemicals companies are striving toward multiple priorities: quarterly shareholder returns, progress toward sustainability, profit from circularity, mitigated risk and improved velocity.

Jade Rodysill, EY Global and Americas Chemicals & Advanced Materials Industry Leader, and Viswanath Krishnan, General Manager, Chemicals Industry Business Unit, AspenTech, examine how chemicals companies are progressing these goals as well as the challenges they face, with unique variances based on their geography, segmentation and the markets they serve. Key topics discussed include:

1. How to progress energy efficiency and emissions management
2. The role for digitalization and technology in improving operations and sustainability
3. Why employees need to be enabled to use data and technology
4. The need for an ecosystem in progressing operations transformation
5. How end-to-end business capabilities can unlock transformation

With an ecosystem approach, chemicals companies gain end-to-end business capabilities that optimize cost, efficiency and energy simultaneously.