Energy consumption is one of the major concerns in the current environment, not only because of the limited availability of non-renewable fuels, but also due to the high cost and the pollution generated by energy production. In general, industries consume large quantities of electricity, fuels and other types of energy. Among the industries, the chemical industry is one of the highest energy consumers because of the nature of its processes. This fact makes the chemical industry one of the best candidates for the study and evaluation of different technologies to improve the efficiency of the energy use without affecting the productivity and quality of their processes and products. This thesis analyzes the energy consumption in the chemical industry and provides recommendations to increase the energy efficiency of the critical systems utilized in this industry. Different methods to reduce the energy losses during generation and transmission, the use of waste heat for improving energy efficiency, and several analysis tools to help in evaluating the potential energy and cost savings for each facility are also discussed in this thesis. Several case studies are reviewed to demonstrate the effectiveness of the energy savings recommendations and tools presented in this investigation.