FREE WEBINAR 13 NOV: Reducing Material Losses with Better Yield Accounting, but you must register here
Why attend:
- Learn how a typical refinery can save $8.5M/year
- Get an overview of new technology-based solutions
- Get answers to your questions on yield accounting
Who should attend: Plant Managers, Operations Managers, Yield Accountants, Finance Managers, Engineering Managers
Refiners worldwide are under increased pricing pressure, and continually seek solutions to enhance performance and bottom-line profitability. Reducing material losses is a key area that should be targeted early on in any optimization initiative because of its tremendous potential to improve profitability. As you well know, found material assets accrue directly to your bottom line – and the results can be dramatic. Our research indicates that a typical refinery can see benefits of $8.5 million per year with a more accurate accounting of material.In a refinery, yield accounting is a complex issue, and numerous factors can interfere with accurate accounting of material. Typical problems include:
- Time constraints on data collection and analysis
- Inaccurate measurements
- Duplicate information
- Commingled ownership of processed materials
- Environmental pressure (HSE) to report yields and losses
- Joint venture pressure to report transactions
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