Solomon plans to launch a new metric in the 2020 Worldwide Fuels Refinery Performance Analysis (Fuels Study) and Worldwide Paraffinic Lube Refinery Performance Analysis (Lube Study) – Energy Sustainability Index™ (ESI™). This 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.
As managing carbon emissions becomes increasingly important, refiners are investing in:
- Improving energy consumption efficiency to reduce carbon emissions
- Shrinking the carbon footprint of power supply facilities by using such things as solar and wind power
- Minimizing the carbon footprint of steam supply by applying such things as cogeneration and production from biowaste
National power infrastructures are also moving to lower carbon emission systems. However, not all are moving at the same pace. ESI will recognize the impact of these low-carbon energy sources at the site, region, or country levels. At the same time, it doesn’t lose sight of the consumption-side efficiency of refinery process units, which refiners understand is the key for long-term carbon reduction worldwide.
Solomon and its clients have long recognized the importance of monitoring and tracking both the supply of energy to the refinery and the refinery energy consumption on a like-for-like basis, not just for profitability but for the wider environmental benefits to the globe. This ESI metric will allow Solomon’s clients to continue to monitor and make improvements in these key areas.
HSB Solomon Associates LLC (Solomon) provides data-driven, strategic insight across the energy industry, leading to greater efficiency, reliability, and profitability. We draw upon the world’s most extensive, historical, and proprietary databases of operational performance, and combine that knowledge with a library of industry best practices and industry experts that understand your business. This combination allows us to identify operational gaps and deliver insight and solutions to close those gaps and improve results, connecting data to business strategy and sustained performance excellence. Solomon is part of the HSB family of companies and serves clients in nearly 80 countries, with global headquarters in Dallas and regional offices in Houston, London, Manama, and Singapore.
Learn more about the Fuels and Lube Study at www.SolomonInsight.com/Refining-Benchmarking.