The base oils industry continues to face challenges such as globalization, raw material, product pricing, and environmental sustainability.
Refiners that maintain safe and reliable operations, improve efficiency, minimize costs, and maximize utilization and yield will benefit the most from this environment.
Solomon's Worldwide Paraffinic Lube Refinery Performance Analysis (Lube Study) measures areas critical to your success: reliability, equipment utilization, operating expenses, competitive gross margin, and industry performance ranges. The study helps you understand the methods and trends of today’s refining industry, keeps you informed on the status of your base oil facility in all key performance areas, and provides valuable information to act as a foundation for your performance improvement efforts. Study participation gives you the assurance that your decisions are based on the objective, third-party perspective for which Solomon is known.
Your facility can be benchmarked against many different Solomon peer groups, including the World’s Best Base Oil Refineries, Top 4 Hydro-Processing, and Top 4 Solvent-Based Technologies. Each metric compares your facility against the worldwide population. Leveraging our insight allows you to sustain or enhance your market position.
of lube base oil capacity is represented.
data points per facility are collected.
How Do You Compare?
- Do I get maximum yield from my units?
- How does my equipment utilization compare?
- Are my operating expenses comparable to companies with similar facilities?
- Do my facilities produce a competitive gross margin based on my utilization and complexity?
- How do I compare on production cost of lubes, waxes, and specialties for Groups I, II, and III? How can I close these gaps?
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.
"If you always do what you always did, you will always get what you always got." ALBERT EINSTEIN
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!
Learn what sets the World’s Best refineries apart from the rest, and how you can improve your performance.