industrial-gears

Metal-based Durables Industry Reaps Economic Benefits of Energy Efficiency

Low cost gas, energy efficiency could mean low costs for some manufacturers, report says

Fuel Fix, August 2, 2014

Cheap natural gas and  energy-efficiency programs may mean low fuel costs for the growing sector of metal-based durable manufacturers, according to a new analysis by the U.S. Energy Information Administration.

The metal-based durables industry includes businesses that make electronics, appliances, machinery and transportation equipment such as aircraft engines.

The industry relies on natural gas and electricity for a greater percentage of its fuel than many other manufacturers –which often use other fossil fuels including coal and diesel — so it could stand to see more of a benefit if low gas prices continue and the push for energy-efficient buildings and processes keep costs low, the report states. Metal-based durables used 942 trillion British thermal units of energy in 2010, according to an EIA survey. That’s only about 7 percent of the wider industry’s total use, but a high percentage of the sector’s fuel was split between electricity and natural gas.

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