Learn what sets the World’s Best refineries apart from the rest, and how you can improve your performance.
The World’s Best Refineries report looks beyond the benchmarking numbers of the Worldwide Fuels Refinery Performance Analysis (Fuels Study) to examine a special group of refineries—World’s Best Peer Group. The peer group identifies refineries that were the best at the “business” of refining over three study cycles (six years).
Solomon evaluated key refinery financial metrics together with key operating metrics using a balanced scorecard approach to avoid too much focus on operating costs. We also considered regional economic environments to avoid penalizing a refinery for its location.
The 2016, 2018, and 2020 studies each include data from more than 280 refineries, representing approximately 85% of the world’s refining capacity. To be considered for this analysis, a refinery had to attain first- or second-quartile performance in four Solomon metrics over three consecutive Fuels Study cycles (e.g., 2016, 2018, and 2020):
- Operational Availability (OA)
- Energy Intensity Index™ (EII®)
- Maintenance Cost Efficiency Index™ (MEI™)
- Return on Investment (ROI)
The screening process resulted in the World’s Best Peer Group of only 12 refineries worldwide. If you would like a private presentation or report on the analysis, or where you rank in comparison, please contact us and we will be happy to arrange something with you.
World’s Best Refineries Characteristics
40% of the maintenance cost
30% more reliable
20% more energy efficient
6% higher utilization
60% more profitable
- Executive Summary
- Selection Process
- Characteristics and Performance of the World’s Best
- Key Solomon Performance Metrics
- Conclusions and The Path Forward
- Half-day presentation and discussion with Solomon experts
- For prior participants, client-specific data can be added to charts and graphs (additional cost)
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.