Today’s managers are feeling more pressure and uncertainty than ever. Solomon’s refinery courses can help them more effectively navigate the waters and identify potential profit opportunities.
Dallas, TX (PRWEB) March 03, 2014
Solomon Associates, the leading performance improvement company for the global energy industry, announced that Senior Consultant Joe Barth will lead three refining seminars in April and May 2014. A 1-day course titled “Fundamentals of the Petroleum Downstream Industry” (FoPD) will take place on April 29 in Dallas. A 2-day “Refinery Economics Seminar” (RES) is scheduled for April 30 and May 1 in Dallas and April 2–3 in Prague, Czech Republic.
The courses are offered through Solomon University, a technical and management training resource for industry professionals. Solomon University’s curriculum is based on an unrivaled library of industry best practices, proven methodologies, and real-world experience. Solomon University provides an ongoing series of public and private seminars held around the world.
“Today’s managers are feeling more pressure and uncertainty than ever. Solomon’s refinery courses can help them more effectively navigate the waters and identify potential profit opportunities,” said Barth. “Practical, hands-on examples help illustrate our unique approach to the intricacies of marginal economics and the workings of Linear Program (LP) models.”
The FoPD course is open to anyone working in the refining industry. Participants will learn:
- Industry terms and jargon
- Industry structure
- Basic refinery chemistry
- Function of each major refinery process unit
- Refinery profit drivers
- Key trends in the refining industry
The course will improve attendees’ understanding of the physical properties of hydrocarbons and teach them how refinery process units manipulate the molecules to increase value.
RES covers the economic and optimization skills needed to maximize refinery profits. It provides participants with knowledge on topics including:
- The difference between average and marginal costs
- How to calculate netback prices
- Why the “herd mentality” is so common
- How to use LP models
- How to evaluate crude and feedstock purchase opportunities
- How to evaluate incremental product sales
- Limitations of shadow values
- Planning and optimization best practices
No prior knowledge of refinery economics or LP models is required to attend the RES.
“Our seminars are not just for the economic analyst,” said Barth. “Instead, the courses are intended for any decision-maker who takes part in the development of refinery operating plans. The information available is valuable to everyone from product marketers to process engineers.”
Barth has been with Solomon since 2004 and has 33 years of experience in the planning and optimization of refining and petrochemical complexes.
Interested companies can learn more about or register for the FoPD course by visiting http://solomononline.com/solomon-university/fundamentals-of-the-petroleum-downstream-industry-seminar/.
For more information or to register for RES, please visit http://solomononline.com/solomon-university/refinery-economics-seminar/.
Courses are scheduled annually around the world and can be delivered directly to a company’s location, if desired. Organizations or industry professionals can contact Joe Barth by phone at +1.972.739.1790 or by email at Joe(dot)Barth(at)SolomonOnline(dot)com to obtain additional information on either course offering.
About Solomon Associates
Based in Dallas, TX USA, 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 of oil and gas consultants 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. Learn more about Solomon Associates' energy benchmarking and consulting services at http://www.SolomonOnline.com.