Up to 50% of industrial thermal energy input are finally lost as waste heat in exhaust gases, cooling water, heated surfaces and in products/byproducts (US-DoE). Thermal energy efficiency improvement typically offers among the biggest scope for energy cost savings in industry. By benchmarking process and equipment performances, identifying inefficiencies and implementing targeted measures involving optimization of operating parameters and equipment upgrades, significant cost savings and emission reduction can be achieved. Regular monitoring and maintenance of optimal operations ensure sustained energy cost savings, GHG emission reduction and compliance with regulations.