Olefin industry dynamics continue to impact the competitive landscape and raise the bar. How do you compare?
With shifting feedstock paradigms, waves of cost-advantaged capacity expansion, growing global derivatives trade, and accelerating technology adoption, the bar continues to rise for companies that want to achieve or maintain their status as a top performer in the olefin industry.
Participating in the Worldwide Olefin Plant Performance Analysis (Olefin Study) delivers the insight you need into your plant’s competitive position. Solomon analyzes plant performance data, benchmarks against peers to identify gaps, and provides insight into where clients should focus their improvement efforts. The benchmarking study results can be used to improve target-setting, prioritize spending, and develop action plans. Solomon experts can also help guide your performance improvement efforts after the study is completed and results delivered by providing you with ongoing expert insight to enable your success, and new online tools to track KPIs and gap closure on an ongoing basis.
Study participants will receive individual performance rankings for their facilities on a global, regional, and peer group basis using Solomon’s proprietary metrics and indicators. Participants will also receive metrics and indicators for all peer groups, including historical trends, an economic gap analysis of their plant versus global high-performing peers, an on-site presentation and discussion of study results, and a report of industry trends and insights.
Learn How You Can Participate
Obtain a clear picture of your competitive position with data-driven, actionable insight. Make informed decisions and justify your strategies and improvement projects.
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How Do You Compare?
Find answers to questions key to your success:
- Are my facilities reliable versus top performers?
- Is my maintenance driving reliability?
- How does my energy efficiency compare?
- How is feedstock selection, flexibility shifting?
- How large is my yield gap to competition?
- How does my workforce, productivity compare to peers with similar facilities?
- How do my operating expenses compare regionally?
- How competitive are my total production costs and net cash margins?
Action Planning Workshop
Solomon's benchmarking studies uncover valuable information and opportunities to improve. Identify and prioritize your next steps to close gaps and enhance results. Go beyond benchmarking.
Data Quality, Benchmarking Methodology
A Foundation for Effective Comparative Performance Analysis and Decision Support
We prioritize the integrity and confidentiality of participant-submitted data and rigorously review that data before benchmarking begins. Then, we employ our normalization process and benchmarking methodology to provide valuable and trusted peer group comparisons that deliver meaningful KPIs. Finally, our staff of senior consultants apply their deep industry experience to develop practical insight and recommendations to enable your success.
If your organization is new to one of our studies or has experienced challenges completing the study data input forms, Solomon can help. Contact us today!