ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Ecolab and Siemens Partner to Help Industry Reduce Greenhouse Gas Emissions, Improve Production

Ecolab, Inc., and Siemens today announced a strategic partnership that will help customers accelerate their progress toward sustainability and productivity goals. Together, the companies are launching Climate Intelligence, powered by ECOLAB3D™ and Siemens gPROMS, which is a new innovative solution that allows customers to virtually model different scenarios across their water and energy systems to identify opportunities to conserve water and power while also lowering their greenhouse gas emissions.

Climate Intelligence leverages the unique strengths of Ecolab, the global leader in water, hygiene and infection prevention solutions and services, and Siemens, the global leader in digital twin technology, automation and digitalization. Together, Siemens’ innovative digital twin technology and Ecolab’s ECOLAB3D analytics platform and global portfolio of solutions and expertise can help industrial businesses take concrete steps toward decarbonization through more efficient, less energy-intensive operations.

Traditional utility systems are a source of significant greenhouse gas emissions, as water requires substantial energy to heat, cool, move and treat. By improving water efficiency using new dynamic insights from Climate Intelligence, companies can drive emission reductions and preserve system reliability all at the same time.

“Water carries a significant amount of production plant energy—typically 33% up to 75%—so the opportunity to reduce emissions through more efficient operations is critical,” said Darrell Brown, president and chief operating officer for Ecolab. “As climate and energy challenges unfold around the world, there’s never been a greater need to conserve energy. Ecolab’s and Siemens’ combined expertise in Climate Intelligence can be a path for customers to meet their demanding cost, energy and sustainability goals.”

“Siemens is excited to be partnering with Ecolab on this major initiative to make sustainability more accessible and affordable across the entire spectrum of the process industries,” said Costas Pantelides, CEO of Siemens Process Systems Engineering, a Siemens Digital Industries business. “Using high-fidelity process models coupled with real-time plant data, our technology has been proven to reduce annual CO2 emissions by tens of thousands of tonnes for a typical plant while achieving significant savings in energy costs with no additional capital expenditure. Combining this advanced capability with Ecolab’s substantial presence within the process industry worldwide, we aim to make a major contribution towards the industry’s global sustainability goals.”

Demonstrating early results

Early trials of Climate Intelligence have demonstrated significant results. In one example with a Latin American refinery, Siemens and Ecolab’s Nalco Water business worked to help reduce the carbon footprint associated with each barrel of product produced. Climate Intelligence helped the refinery identify opportunities to maintain or increase production while reducing water use by up to 1,000,000 cubic meters and CO2 emissions by up to 38,000 metric tons annually.

Climate Intelligence is a part of Ecolab’s and Siemens’ overall strategies to help businesses around the world accelerate progress toward ambitious climate goals.

In 2021, Ecolab helped customers conserve 45 trillion British thermal units of energy and avoid 3.6 million metric tons of greenhouse gas emissions. By 2030, Ecolab aims to help customers become entirely carbon neutral by reducing greenhouse gas emissions by 6 million metric tons annually.

Six years ago, Siemens was one of the world’s first large industrial corporations to commit to becoming climate-neutral by 2030. Since then, Siemens has cut its CO2 emissions by more than half. Additionally, Siemens has helped its customers reduce their CO2 emissions by 87.5 million metric tons in fiscal 2021.

About Ecolab

A trusted partner at nearly three million customer locations, Ecolab (NYSE: ECL) is the global leader in water, hygiene and infection prevention solutions and services that help protect people, planet and business health. With annual sales of $13 billion and more than 47,000 associates, Ecolab delivers comprehensive science-based solutions, data-driven insights and world-class service to advance food safety, help maintain clean and safe environments, optimize water and energy use, and improve operational efficiencies and sustainability for customers in the food, healthcare, hospitality and industrial markets in more than 170 countries around the world. www.ecolab.com

Follow us on LinkedIn @Ecolab,Twitter @Ecolab, Instagram @Ecolab_Inc and Facebook @Ecolab.

About Siemens Digital Industries (DI)

Siemens Digital Industries (DI) is an innovation leader in automation and digitalization. Closely collaborating with partners and customers, DI drives the digital transformation in the process and discrete industries. With its Digital Enterprise portfolio, DI provides companies of all sizes with an end-to-end set of products, solutions and services to integrate and digitalize the entire value chain. Optimized for the specific needs of each industry, DI’s unique portfolio supports customers to achieve greater productivity and flexibility. DI is constantly adding innovations to its portfolio to integrate cutting-edge future technologies. Siemens Digital Industries has its global headquarters in Nuremberg, Germany, and has around 72,000 employees internationally.

Contacts

Recent Quotes

View More
Symbol Price Change (%)
AMZN  232.38
-2.04 (-0.87%)
AAPL  284.15
-2.04 (-0.71%)
AMD  217.60
+2.36 (1.10%)
BAC  54.09
+0.90 (1.69%)
GOOG  320.62
+4.60 (1.46%)
META  639.60
-7.50 (-1.16%)
MSFT  477.73
-12.27 (-2.50%)
NVDA  179.59
-1.87 (-1.03%)
ORCL  207.73
+6.63 (3.30%)
TSLA  446.74
+17.50 (4.08%)
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.