Global demand for energy to increase by 35% by 2040: ExxonMobil Report

  • Industry News
  • Aug 04,15
NULL
Global demand for energy to increase by 35% by 2040: ExxonMobil Report

Sitting from L to R,Glen Sharkowicz, Dan Kellen and Shankar Karnik_200.jpg

New Delhi, August 04, 2015: According to ExxonMobil's Energy Outlook Report, global demand for energy could increase by 35% by 2040. ExxonMobil Lubricants Private Limited, a subsidiary of Exxon Mobil Corporation, shared a perspective on effective lubrication practices and the need for guidelines on industrial lubrication in India. Every year the company produces an 'Outlook for Energy' report. 'The Outlook for Energy: A View to 2040' provides a window to the future of the world's energy needs. The Outlook for Energy is used to guide strategies and investments at ExxonMobil. One of the key findings of this report is the essential role that energy efficiency will play in the future to help solve energy challenges.

Companies in the industrial sector are increasingly looking at new technologies to reduce their energy usage. One opportunity for energy conservation that is often overlooked in industrial facilities is the technology behind the lubricant used. Lubricants are often considered as a negligible contributor towards the annual profitability of the plant. This is because of lack of appropriate awareness and quantification methods that capture benefits associated with the proper usage of a lubricant. ExxonMobil defines Total Cost of Ownership (TCO) as an effective way to consolidate key benefits. The concept attempts to cover the complete set of cost components from 'Purchase to Disposal'. TCO comprises capital expenses incurred in acquiring and installing the equipment as well as operating expenses including operating cost, maintenance and repair, downtime cost, energy cost, environment cost, routine and overtime labour, training and disposal cost etc. High performance lubricants with significant energy efficiency benefits have the ability to achieve potential savings in energy, operation and maintenance costs in Indian industry.

According to Dan Kellen, Global Industrial Product Technology Manager, ExxonMobil Fuels, Lubricants and Specialities Marketing Company, "The science of tribology is growing and will become increasingly important in the future because of constantly increasing demands of improved efficiency from the industry. The lubricants of the future have to be more environmentally adapted with a higher level of performance, and lower total life cycle cost (LCC) than commonly used lubricants today. Looking to the future, the trend is toward lubricants and base oils with even higher purity, lower volatility and longer life."

??????xonMobil continuously analyses trends that will impact the industrial landscape and also evaluates lubricant technologies and services that will be needed in the future. Our relationship with equipment builders has given us the kind of inputs required specifically for investing in R&D to introduce new products with new technologies. In turn, we have made sure that our mutual customers', i.e., our customers and our equipment builder customers are benefited from this.

Mr Glen Sharkowicz, Asia Pacific Industrial Lubricants Marketing Manager, ExxonMobil Fuels & Lubricants said, "Using energy efficient lubricants will enable manufacturing facilities to operate at maximum efficiency at optimal cost. Whether for gearboxes, engines or hydraulic systems, energy efficient lubricants are available, and with up to 6% efficiency improvement having been proven in some applications, they can be a very smart investment. Improving energy efficiency by utilising energy efficient lubricants has helped ExxonMobil customers reduce carbon footprint, increase productivity and reduce overall operating costs."

Along with high performance lubricants implementation of sound lubrication practices including preventative maintenance and monitoring programs are key to help extract peak performance and maximum value. Effective lubrication practices play a valuable role in improving equipment performance, and therefore overall equipment effectiveness. To minimize the risk of unplanned events and to help improve equipment performance, it is important to develop and implement a robust, solutions-oriented lubrication program for operations, which utilizes a combination of high quality products and appropriate technical services to better protect and monitor any industrial equipment.

According to Mr Shankar Karnik, General Manager Industrial, ExxonMobil Lubricants Pvt Ltd, "Validated data of real-time case studies establishes that energy efficient lubricants can help in achieving productivity improvement in various industries. Thus, we feel that there is a need in the industry for guidelines to support energy audit. This will be a step forward in the right direction for the lubricant industry in India."

Customers have relied on ExxonMobil lubricants for more than 120 years. Marketed in nearly 200 countries and territories worldwide, ExxonMobil products stand for performance, innovation and expertise. As an industry leader in synthetic lubricants, a full range of ExxonMobil products is available in the automotive, commercial and industrial business sectors.

Related Products

Wastepack Thermic Fluid Heater

Heating and Drying Equipment & Accessories

Balkrishna Boilers Pvt Ltd offers  a wide range of wastepack thermic fluid heater.

Read more

Request a Quote

Electrostatic Precipitator (Esp)

Miscellaneous Industrial Supplies

Rajdeep Boiler Pvt Ltd offers a wide range of electrostatic precipitator (ESP).

Read more

Request a Quote

Bag Filters

Miscellaneous Industrial Supplies

Prime Thermals Pvt Limited offers a wide range of Bag Filters.

Read more

Request a Quote

Hi There!

Now get regular updates from IPF Magazine on WhatsApp!

Click on link below, message us with a simple hi, and SAVE our number

You will have subscribed to our Industrial News on Whatsapp! Enjoy

+91 84228 74016

Reach out to us

Call us at +91 8108603000 or

Schedule a Call Back