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Flowserve, Heide Collaborate to Boost Energy Efficiency

Flowserve Corporation (NYSE: FLS) recently collaborated with Heide Refinery to enhance the latter's energy efficiency and cost savings by integrating FLS' Energy Advantage Program. Based in Germany, Heide is the northernmost crude oil refinery in the region. The company is engaged in manufacturing petroleum products including petrol, diesel and aviation fuel. It also produces light heating oil and base materials for the chemical industry. Flowserve's Energy Advantage Program, which uses a flow control approach, helps in advancing energy efficiency for its clients by optimizing the consumption of pump and valve power. This program helps users in reducing carbon emissions and the overall cost of ownership. This deal between the two companies is in line with Heide's carbon reduction targets. The partnership will enable Heider to provide sustainable energy to its clients ...