Case Study

Annual energy cost reductions of 13% and 11% with ISO 50001

Following the implementation of ISO 50001 in 2014, LG Chem’s Ochang plant set a goal to reduce energy cost by 10% each year. The Ochang plant pursues energy savings by conducting self-assessments to seek more cost-saving opportunities.

As result of monthly report assessments of its energy use and GHG, the Ochang plant achieved an energy cost reduction of 13% ($9.5 million) in 2014 and 11% ($7.0 million) in 2015.