TITLE:
Economic Benefits of Energy Efficiency to the Petroleum Refineries in Ghana: A Case of Tema Oil Refinery (TOR)
AUTHORS:
David Ayo, Jones Lewis Arthur, Kwadwo Adinkrah-Appiah
KEYWORDS:
Efficiency, Refinery, Petroleum, Economic Benefit, Recovery, Production Cost
JOURNAL NAME:
Open Journal of Energy Efficiency,
Vol.10 No.4,
November
19,
2021
ABSTRACT: This study investigates the economic benefits of energy
efficiency to petroleum refineries regarding Tema Oil Refinery (TOR), Ghana.
The study explores lessons relating to the cost of production, energy recovery
levels and economic fortunes of the refinery activities and designs a
conceptual framework for improving the energy efficiency of Tema Oil Refinery
(TOR). The study adopted a descriptive design using a quantitative approach to
provide a statistical background to investigate the economic benefits of energy
efficiency. A sample of 84 was adopted for study from a staff population of 520
working at Tema Oil refinery. In addition to primary data, secondary data on
energy supply and consumption values from 2008 to 2019 was gathered. For the
primary survey, 84 respondents were sampled from TOR and a structured
questionnaire was used to retrieve information. A correlation analysis at P