Today's top performers distinguish themselves through low cost, high efficiency, and safe and reliable operations.
Refiners with these qualities continue to succeed in today’s competitive global environment—and are prepared for whatever the future holds. To maintain optimal performance, refiners trust Solomon’s objective, data-driven insight and recommendations.
Participation in our Worldwide Fuels Refinery Performance Analysis (Fuels Study) ensures you know where your refinery stands in all key performance areas. The study provides valuable, data-driven insight and information, including industry trends, to guide performance improvement efforts. Participation provides you the ability to compare your operations to your peers in terms of financial profit performance, operating expenses, reliability and maintenance, energy efficiency, staffing, and product quality. Solomon continues to enhance Fuels Study deliverables while minimizing required input data.
Our wide range of services helps study participants structure their performance improvement, including the development of customized peer groups, formulation of expense/margin optimization plans, and workshops that show you how to leverage your data. We also offer expert services, post-study, to help you prioritize opportunities to close performance gaps, set realistic targets, and improve results.
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.
Closing Performance Gaps
What gaps do you struggle to close? What quick and near-term actions will have the biggest impact on performance excellence and profitability? We know what good looks like… and how to get there.
refineries worldwide use the Fuels Study
to identify improvement opportunities.
How Do You Compare?
Solomon helps answer questions key to your business’ success:
- How reliable are my refinery facilities?
- How does my equipment utilization compare?
- Are my operating expenses comparable to companies with similar facilities?
- Do my facilities produce competitive gross margin based on utilization and complexity?
- How do I compare across the range of performance in the industry?
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. Data quality and a proven benchmarking methodology enable results and insight you can trust. Contact us today!
Learn what sets the World’s Best refineries apart from the rest, and how you can improve your performance.