The Value of Insulation: Goodyear Saves Money with Insulation

A recent U.S. Department of Energy report shows that a Goodyear Tire plant in Tennessee saved $875,000 in energy costs and reduced natural gas consumption implementing a program that greatly incorporated improved insulation – supporting a basic but vital fact that the Mechanical Insulation Industry Professionals strongly supports: Mechanical insulation saves money!

“Once the insulation project is completed, the company will have reduced its natural gas use by 93,000 MMBtu and No. 6 fuel oil consumption by 224,000 gallons—for a total annual savings of more than 127,000 MMBtu and nearly $875,000 in energy cost savings.”

Interestingly, Goodyear chose to implement an opportunity out of several that would yield the greatest energy savings – the plan that included insulation. The report says that the plant improved its boiler operation and load management strategy and then insulated their process equipment.

Check out the report on the MIIP Research page.