Trusted guidance to help you reduce energy-related carbon emissions — upstream to downstream.
Climate change is impacting the energy industry now more than ever, with most companies enhancing strategies to support energy efficiency, emissions reduction, decarbonization, methane intensity targets, and water conservation. Disclosing climate-related risks, regulations, emissions targets, carbon pricing, investment and financial pressures, and demand destruction requires a competitive approach to asset operations. Solomon can help.
- Understand the Baseline – Assess your operations against peers using Solomon's trusted benchmark data and best practices, including EII® – Energy Intensity Index™, the recognized gold standard used for measuring energy efficiency.
- Frame Improvement Opportunities – Define practical recommendations based on a best practice assessment leveraging the most comprehensive database of comparative performance analysis in the energy industry.
- Implement – Set realistic targets, develop action plans, outline roadmaps, and monitor improvements.
- Improve investor propositions and mitigate climate related risk
- Understand achievable targets, timelines and options
- Reduce energy and water consumption with efficient operations
- Minimize flaring and other sources of hydrocarbon loss and emissions
- Improve reliability, reduce unplanned emissions, and optimize operations
- Experts averaging >25 years of operating experience ensures actionable insight and practical solutions.
- 40+ years of energy industry knowledge and capabilities, applying best practices of top industry performers.
- World Oil Refining Logistics and Demand (WORLD) Model® and databases.
- Proprietary databases spanning the value chain, including: EII® – Energy Intensity Index™, CEI™ – Carbon Emissions Index™, CWB® – Complexity-Weighted Barrel™ and CWT® – Complexity-Weighted Tonne™.
Marathon Names Solomon Recipient of Sustainability Partnership Award
Refineries to Remain Competitive Under Potential Climate Change Scenarios
Energy Efficiency - More Crucial Than Ever, ERTC Virtual 2020
According to the IEA, energy efficiency could enable the world to achieve more than 40% of the emissions cuts needed to reach its climate goals without new technology.
Third Party Engagements
- Establish consistent performance metrics for tracking and reporting performance.
- Support operator focus on improving energy performance.
- Provide regional trends, insight, and outlooks based on benchmark information.
Overcoming Obstacles to Improve Energy Efficiency in Refining
"When evaluating energy efficiency opportunities, non-energy cost impacts are often undervalued. Focusing on energy usage alone limits the potential savings that refiners can achieve in total. Instead, companies need to look at the big picture—how energy efficiency improvements affect operating and maintenance costs, GHG emissions and water use." Kevin Proops, Vice President Refining & Logistics
New Energy Efficiency Metric in Fuels & Lube Studies to Support Carbon Emissions Strategies
New metric will allow refiners to compare the efficiency of energy supplied to the refinery alongside the traditional assessment of the energy efficiency of the refinery process units using the Energy Intensity Index™ (EII®) metric, a familiar and established industry-leading metric of comparative performance for a refinery’s
energy consumption within similar facilities.