Solomon's refining courses provide a fundamental understanding of the downstream industry for employees at all levels of an organization.
Dallas, TX (PRWEB) February 20, 2013
Senior consultant Joe Barth of Solomon Associates, the leading performance improvement company for the global energy industry, is leading two refining courses in April 2013: a one-day course titled “Fundamentals of the Petroleum Downstream Industry” on April 2, and a two-day course titled “Refinery Economics Seminar” on April 3–4. Both will be held in Dallas, TX, USA.
The courses are being 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. It presents an ongoing series of public and private seminars held around the world.
“Solomon’s refining courses provide a fundamental understanding of the downstream industry for employees at all levels of an organization,” said Barth. “The more each employee knows about the refining business, the more he or she can contribute to its success.”
The Fundamentals of the Petroleum Downstream Industry course is open to anyone working in the refining industry. Participants will learn:
- Industry terms and jargon
- Industry structure
- Basic refinery chemistry
- Functions 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.
In addition, the Refinery Economics Seminar is offered to anyone who takes part in the development of refinery operating plans or helps decide business strategy. Participants will learn:
- 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
This course covers the economic and optimization skills needed to maximize refinery profit. Barth will provide practical, hands-on examples to illustrate Solomon’s unique approach to the intricacies of marginal economics and the workings of Linear Program (LP) models.
For more information, contact Theresa Sheffler at +1.972.739.1775 or TAS(at)SolomonOnline(dot)com.
About Solomon Associates
Based in Dallas, TX USA, Solomon 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 energy consultants with significant hands-on operational experience, Solomon consistently helps clients with capital-intensive assets achieve greater efficiencies, enhanced reliability, and improved margins. Solomon’s energy consulting and benchmarking studies apply to petroleum refineries, chemical plants, pipeline and terminals, gas plants, and power plants. Solomon is part of HSB Group, Inc. Learn more about Solomon’s energy benchmarking and consulting services at http://www.SolomonOnline.com.