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Specialty Chemicals Company

National

“We rely on Priority Power Management to minimize our costs and risks in our energy supply contracts.”
Strategic Supply Manager, Energy
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Situation Analysis:

  • A global specialty chemicals company with leading positions in lithium, bromine and refining catalysts.
  • Company operates two major manufacturing facilities in Texas:
  • Plant 1 sits on 409 acres, employs over 300 workers, operates around-the-clock, manufacturing a variety of chemical products;
  • Plant 2 comprises 55 acres within the world’s largest industrial complex, and shares an integrated site with another company;
  • With the complexities of the ever-changing power and natural gas markets, the chemical company turned to Priority for market knowledge and experience in sourcing and managing electricity and natural gas supply;

Results:

  • Priority developed and deployed a comprehensive energy supply and risk management strategy, which delivered:
    • A consistent energy supply procurement and risk management strategy across plants;
    • Cost savings as compared to prior procurement practices
    • Ongoing cost and hedge tracking
    • High level screening studies for cogeneration applications
    • Tariff optimization and utility negotiations in regulated areas.
    • Ongoing bill and settlement data auditing.
  • Chemical company has benefited through cost savings, reduced price risk and favorable contract terms, all while being able to reallocate resources to other core business processes.

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