June 30, 2010 at 4:27 am #2605
Solomon Associates Embarks on 2010 Worldwide Refinery Studies, the Industry Standard for Performance Benchmarking
Tue Jun 29, 9:00 am ET
Energy consulting company’s studies encompass more than 320 refineries and 85 percent of the world’s refining capacity.
Dallas, TX (Vocus) June 29, 2010 — Solomon Associates, the leading performance improvement company for the global energy industry, today announced that it has embarked on its 2010 refinery studies, including the Worldwide Fuels Refinery Performance Analysis (Fuels Study) and the Worldwide Paraffinic Lube Refinery Performance Analysis (Lube Study). The studies enable refineries to identify performance gaps as a basis for improving manufacturing processes and work practices.
“For 30 years, Solomon Associates has been the industry-standard resource for assessing refinery performance and helping refineries to improve operating efficiency,” said Dale Emanuel, president of Solomon Associates. “Our most recent studies in 2008 included 320 refineries representing 85 percent of global refining capacity, and we anticipate continued strong participation in 2010.”
The past two years have been challenging for the worldwide refining industry, with the economic downturn resulting in lower product demand. This has led to record-low capacity utilization and the closure of some refineries, said Bill Trout, manager of refining studies for Solomon Associates.
“Now more than ever, refineries need to assess their competitive position and find ways to improve efficiency,” Trout said. “Our studies are especially valuable to refineries during down cycles in the industry, as budgetary pressures demand clear identification and quantification of expense reduction and margin improvement opportunities.”
Solomon Associates’ data-driven approach to performance improvement is grounded in years of refining industry experience, the world’s most extensive industry database, and time-proven proprietary and patented methodologies. Study deliverables are applicable to all refineries, regardless of size, complexity or geographic location.
This year, Solomon Associates for the first time is offering study participants Data Collection Automation. Through this optional service, Solomon Associates identifies the locations of raw data within the enterprise, and then develops business rules to convert the data into the study requirements. Study participants can eliminate hundreds of hours of manual data collection, enabling them to focus on performance improvement rather than the data gathering process.
Interested companies may learn more about Solomon Associates’ refinery studies by visiting solomononline.com/refining or by contacting Bill Trout at 972-739-1733 or bill(dot)trout(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.
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