Solomon Associates Launches Worldwide Study of Liquid Terminals

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Performance improvement company’s Liquid Terminal Study measures operational performance and identifies process improvements.

John Jungman, vice president of pipelines and terminals for Solomon Associates

In today’s competitive market with near zero tolerance for environmental impacts, it’s critical to maintain terminal facility integrity while improving cost performance.

Solomon Associates, the leading performance improvement company for the global energy industry, today announced the launch of its Worldwide Liquid Terminal Performance Analyses (Liquid Terminal Study) for operating year 2013. The study provides insight into the operating cost and reliability performance of facilities and delivers actionable information for improvement.

“In today’s competitive market with near zero tolerance for environmental impacts, it’s critical to maintain terminal facility integrity while improving cost performance," said John Jungman, vice president of pipelines and terminals for Solomon Associates. "Operators need to understand how to determine the best performance for both financial and operational optimization.”

The Liquid Terminal Study gives participants the ability to:

  •     Quantify performance improvement opportunities through gap analysis
  •     Determine competitive position within industry peer groups
  •     Assess future performance impact of planned capital improvements/modifications
  •     Demonstrate performance/capability to financial institutions and security analysts
  •     Build corporate trust through performance improvement activity

The overarching goal of the Liquid Terminal Study is to help companies identify areas to consider when improving operational performance. The gap analysis is just the starting point to providing insight into performance improvement with respect to both cost and personnel.

“Solomon Associates’ database includes information from more than 325 terminal operations worldwide, providing participants unparalleled insight into opportunities for performance improvement,” added Jungman. “Companies around the world depend on Solomon’s detailed and rigorously validated analysis to assist them in evaluating the status of their facilities in all key performance areas.”

The deadline for completing a Subscription Agreement is October 31, 2013. The study fee includes public seminar participation for one corporate coordinator and two representatives per terminal. Requests for a private seminar must be submitted with the Subscription Agreement.

Interested companies can learn more about the Liquid Terminal Study by visiting http://solomononline.com/benchmarking-performance/terminals-bm or by contacting John Jungman by phone at +1.972.739.1723 or by email at John.Jungman(at)SolomonOnline(dot)com.

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.

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