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Case studies

The proof: Case Studies 

The estimated investment cost in the comparison with current energy prices takes into account e.g., the increased insulation and cladding material costs and inflation, and therefore an estimated increase has been added to the cost of insulation investment.

# 1. Refinery | Oil storage tank roof

Storage temperature: 60°C / 140°F

The situation: The roof of an aged storage tank containing oil at 60 °C was heavily corroded.

The solution: The roof was replaced with a basic 30 mm insulation solution equivalent to the VDI Energy Class G, applied with a long-lasting and effective corrosion protection system.

SAVINGS SAVINGS BEFORE (energy price € 0,025) SAVINGS NOW (energy price € 0,10)
Energy savings Saved 7.500 MWh of energy / year  Saved 7.500 MWh of energy / year 
Financial savings

Saved € 185.000 per year

(Investment € 400.000)

Saved € 750.000 per year

(Investment € 560.000)

Payback time Less than 2,5 years Less than 8 months
CO2 emissions CO2 emissions reduction potential 1.500 t/year CO2 emissions reduction potential 1.500 t/year
Financial savings on reduced CO2 emissions € 0 (enough free allowances)

CO2 price of € 80/t

€ 120.000 additional savings per year

Total financial savings potential

€ 185.000 per year

€ 1.45 million in 10 years

€ 870.000 per year

€ 8.1 million in 10 years


# 2. Chemical Plant

Process temperature: from 75°C/ 167°F to 150°C/ 302°F

The situation: 650 m of piping with missing or damaged insulation, 300 uninsulated pairs of flanges, 160 uninsulated valves, 3 uninsulated tanks

The solution: Full implementation of the remediation recommendations presented in the TIPCHECK Report, offering great energy and financial savings. 

SAVINGS SAVINGS BEFORE (energy price € 0,02) SAVINGS NOW (energy price € 0,10)
Energy savings Saved 11.000 MWh of energy / year  Saved 11.000 MWh of energy / year 
Financial savings

Saved € 220.000 per year

(Investment € 200.000)

Saved € 1.1 million per year

(Investment € 280.000)

Payback time Less than 1 year Less than 4 months
CO2 emissions CO2 emissions reduction potential 2.240 t/year CO2 emissions reduction potential 2.240 t/year
Financial savings on reduced CO2 emissions € 0 (enough free allowances)

CO2 price of € 80/t

€ 179.200 additional savings per year

Total financial savings potential

€ 220.000 per year

€ 2 million in 10 years

€ 1.25 million per year

€ 12.2 million in 10 years

 

# 3. Refinery

Process temperature: 260°C/ 500°F

The situation: 1 uninsulated valve 12’

The solution: Insulating the valve to benefit from energy and money savings and to emit less CO2.

SAVINGS SAVINGS BEFORE (energy price € 0,028) SAVINGS NOW (energy price € 0,10)
Energy savings Saved 114 MWh of energy / year  Saved 114 MWh of energy / year 
Financial savings

Saved € 3.200 per year

(Investment € 3.000)

Saved € 11.400 per year

(Investment € 4.200)

Payback time Less than 1 year Less than 5 months
CO2 emissions

CO2 emissions reduction potential

51 t/year

CO2 emissions reduction potential

51 t/year

Financial savings on reduced CO2 emissions € 0 (enough free allowances)

CO2 price of € 80/t

€ 4.080 additional savings per year

Total financial savings potential

€ 3.200 per year

€ 28.800 in 10 years

€ 15.480 per year

€ 150.600 in 10 years

 

 

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