Solomon Associates’ Joe Barth to Conduct Refinery Economics Seminar at the MUGI 2012 European Conference

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Energy consultant will lead a two-day session on economic and optimization skills required to maximize refinery profits at Haverly Systems’ European Technical Seminar

Senior consultant Joe Barth

Senior consultant Joe Barth will present Solomon's unique approach to maximizing refinery profits at MUGI 2012.

Today’s decision-makers face uncertain future markets, and Solomon Associates’ RES course helps identify profit opportunities.

Senior consultant Joe Barth of Solomon Associates, the leading performance improvement company for the global energy industry, is conducting a two-day Refinery Economics Seminar (RES) to help operators improve profitability. The seminar will be held March 29-30 in Luxembourg in conjunction with Haverly Systems’ MUGI 2012 European Conference and Courses.

“Today’s decision-makers face uncertain future markets, and Solomon Associates’ RES course helps identify profit opportunities,” said Barth. “Practical, hands-on examples will be presented to illustrate our unique approach to the complexities of marginal economics.”

Solomon’s seminar will cover the economic and optimization skills needed to maximize refinery and petrochemical profits as well as planning and optimization best practices. Barth has been with Solomon Associates since 2004, and his career includes 33 years with ExxonMobil in the planning and optimization of refining-petrochemical complexes.

Topics covered in the seminar include:

  •     Differences between average and marginal costs
  •     How to calculate refinery netback prices
  •     Why the “herd mentality” is so common in the industry
  •     How to use linear program (LP) models to guide decision making
  •     How to evaluate crude and feedstock purchase opportunities
  •     Limitations of shadow values
  •     Planning and optimization best practices

“The Solomon RES course is for anyone who takes part in the development of refinery/petrochemical operating plans or helps decide business strategy—not just the economic analyst,” said Barth. “The information is valuable for crude and feedstock traders, product marketers, supervisors, and process engineers.”

No prior knowledge of economics or the use of LP models is required to participate in the seminar.

To register to attend Solomon’s RES course, fill out the registration form here

MUGI 2012 will bring together experts in the industry for a week of discussion, breakout sessions, and in-depth courses, March 25–30, at the Hotel Novotel Luxembourg Centre in Luxembourg City.

To learn more about MUGI 2012, visit

About Solomon Associates

Based in Dallas, HSB Solomon Associates LLC is the world’s leading performance improvement company for energy companies seeking to identify and close gaps in operational performance. Combining proven, patented methodologies with objective data analysis, and led by a team steeped in hands-on operational experience, Solomon Associates consistently helps clients with energy-intensive assets achieve greater efficiencies, enhanced reliability, and improved margins. Solomon Associates is part of HSB Group, Inc. To learn more about Solomon Associates, visit

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