Leaders in the industry have learned that an experienced optimization team following best practices gives them the best chance to maximize refinery profit.
Dallas, Texas (PRWEB) February 29, 2012
Senior consultant Joe Barth of Solomon Associates, the leading performance improvement company for the global energy industry, is presenting a two-day Refinery Economics Seminar (RES) April 11-12 in Dallas, TX USA.
The seminar will help operators improve planning by covering tactical economic evaluations that the refining and petrochemical industry faces on a recurring basis.
“Solomon Associates’ RES course helps operators improve profitability,” said Barth. “Leaders in the industry have learned that an experienced optimization team following best practices gives them the best chance to maximize refinery profit.”
Barth will provide practical, hands-on examples to illustrate Solomon’s unique approach to the complexities of marginal economics and linear program (LP) models.
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 LP models to guide decision-making
- How to evaluate crude and feedstock purchase opportunities
- How to evaluate incremental product sales
- Limitations of shadow values
- Planning and optimization best practices
The RES course is for anyone who takes part in the development of refinery operating plans or helps decide business strategy. The information is valuable to everyone from the economic analyst to crude and feedstock traders, product marketers, supervisors, and process engineers. No prior knowledge of refinery economics or use of LP models is required.
For more information, contact Karen Black at (972) 739-1775 or KLB(at)SolomonOnline(dot)com.
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 http://www.solomononline.com.