The Cost of Transportation Fuels (CTF) metric is taken beyond the refinery fence to assess the competitive position of your refinery and provide a clear measure of refinery survivability.
This May 25, 2016 HSB Solomon Associates reports
Solomon's analysis is different, because we have the data.
"We collect an average of 3,000 pieces of data from more than 350 refineries for our benchmarking study. We have established definitions and standards to help ensure the data is passed to us on the same basis. Then we thoroughly review the data for accuracy.
When you have a "clean set of data" on a consistent basis, relationships emerge that you could not see before," said Jon Stroup, Vice President, Refining Studies and member of the World's Best analysis team.
Stroup has more than 25 years' experience working in the refining industry in various operations, maintenance, and technical roles at numerous refinery sites. In his last 7 years with Solomon, Stroup has applied his industry knowledge to help Solomon's refining clients maximize the use of Solomon's Comparative Performance Analysis™ (CPA™) studies through presentations, seminars, site evaluations, consulting projects, and workshops. He is currently responsible for all activities related to Solomon's biennial Worldwide Fuels Refinery Performance Analysis (Fuels Study) and Worldwide Paraffinic Lube Refinery Performance Analysis (Lube Study), and other related services. Stroup is a graduate of the University of Oklahoma with a BS in Mechanical Engineering and an MBA from the University of Tulsa.
Hileman has more than 3 decades' experience working in and analyzing the petroleum industry, and he applies that knowledge to helping Solomon clients around the world improve their performance. He is currently responsible for Solomon's Strategic Advisory Service offering along with his responsibilities for Planning & Optimization (P&O).
Hileman also serves as project executive for major consulting engagements. Before joining Solomon in 1996, Hileman worked for a diverse range of organizations, including Atlantic Richfield, Charter Oil Company, Champlin, and Ultramar, Inc. He is the author of U.S. patents on methods for determining equivalency factors and has published articles on optimizing assets and utilizing best practices to optimize assets. Hileman has a BS in Chemical Engineering from the Rose-Hulman Institute of Technology.
HSB Solomon Associates LLC (Solomon) is the leading performance improvement company for the global energy industry.
Solomon's benchmarking and advisory solutions help customers across the energy value chain achieve operational excellence by increasing efficiency, reliability, and profitability. Solomon also provides forecasting and advice on the North American gas market. Solomon's proprietary analytics uniquely transform data into insight for making better business decisions. Based in Dallas, Solomon is part of The Hartford Steam Boiler Inspection and Insurance Company (HSB).