The main energy conservation opportunities in a dairy plant are in refrigeration, and steam generation. This paper aims to identify potential energy and water savings and opportunities to improve the thermal efficiency of a fluid milk processing plant, using energy analysis and Heat Integration methods. Methodologies for energy analysis and Pinch Analysis with the use of HENSAD and Aspen Energy Analyzer are applied. The main specific energy consumptions are defined as indicators of the progress of improved energy efficiency. The determination of energy performance indicators and energy targets of the heat exchanger network, as well as its design, allowed identifying opportunities for improvement to reduce fuel and water consumption through heat recovery in the milk pasteurization process. Current hot and cold utilities duties are satisfied, for a minimum allowable temperature difference of 20 °C. Total annual savings of 60 t of fuel oil and 15,800 m 3 of water allow assessing the feasibility of an investment project for improved heat recovery.