Mitigate the risk of capital investment in new or expanded facilities.
Protect and even enhance your capital project ROI. Project budgets and schedules, not future operations, are typically the focus of facility design. This focus can result in greenfield refineries and chemical plants not performing to their full capability, or brownfield facility expansions that are not well integrated with existing facilities. Old operational practices can limit the full potential of new equipment. Solomon’s Capital Investment Analysis (Q1 Day 1™) solution ensures your project attains first-quartile (Q1) or “best-in-class” performance by identifying new practices that ensure optimal performance on the first day of operations startup.
This approach applies our Comparative Performance Analysis™ (CPA™) methodology and proprietary, world-class industry data to calculate the anticipated performance of major capital projects. Q1 Day 1 is not just a data exercise. Our expertise goes beyond that of an engineering, procurement, and construction (EPC) or a technology licensing firm to predict future operational performance based on best practices and real operational data. Solomon’s experienced consultants conduct a “cold-eyes” review to examine design data, then calculate performance metrics for a proposed new or expanded facility or integrate site on a pro forma basis. We work with you to improve your facility design and operational readiness during part or all of your project’s maturity.
After launch, most new and expanded facilities enter one of Solomon’s benchmarking studies. Your project can benefit not only from Q1 Day 1 analysis, but from our CPA approach to benchmarking, allowing you to measure project performance against peers in years to come.
Get an independent, data-driven analysis gained from benchmarking
of the world’s refining capacity,
of olefin manufacturing capacity, and
of aromatics plants.
Project review expertise can be applied to all or part of a project’s life cycle, including:
- Strategic planning
- Technology selection
- Scope definition
- Design and construction
Q1 Day 1 can also help optimize facility staffing plans during startup, during the first 1 to 2 years of operation, and after the first turnaround.
Plants in 70 countries around the globe use Solomon’s in-depth benchmarking process.
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!