Solomon Advisory Services

Most Improved Refineries - Energy

Learn how your peers are improving refinery energy performance and look deep into the benchmarking numbers from the most recent Worldwide Fuels Performance Analysis (Fuels Study)

The Most Improved Refineries (MIR) – Energy report, developed by Solomon’s Strategic Advisory Services group, looks beyond the benchmarking numbers of the Worldwide Fuels Refinery Performance Analysis (Fuels Study) to examine the performance trends of multiple groups of refineries known as Custom Peer Groups (CPGs) over a 10-year period (2006–2014). Solomon’s objective in creating these peer groups was to identify refineries that showed significant and sustained improvement in energy efficiency and then evaluate the changes made at those refineries that were responsible for the improvement. To accomplish this objective, Solomon used four distinct peer groups:

  • Investment Peer Group (INV)
  • Operational Peer Group (OPS)
  • Average Peer Group (AVG)
  • World’s Best EII Group (WB EII)

Preliminary analysis of our data indicated that some refineries achieved significant energy efficiency improvement over the study period simultaneous with their facilities undergoing substantial growth, while others were able to improve their energy performance without the need for large capital investment and new construction. To separate the effects of performance change due to investment from that due to operational changes of existing assets, we created the INV and OPS groups. We then compared these results to a set of refineries that were stagnant with regard to energy efficiency over the same period (AVG); we also compared them against the World’s Best EII Group (WB EII). 

What’s included in the written report

Executive Summary
Selection Process
Detailed Energy Analysis of INV Group
Detailed Energy Analysis for OPS Group
Remaining Opportunities for the OPS and INV Groups
Summary of Conclusions
Summary of Observations
Terms & Abbreviations

What’s included in the on-site presentation

A half-day with expert Solomon staff for formal presentation, discussion, and Q&A on key performance factors for improving your results.

For prior participants, at an additional fee, client-specific data can be added to charts and graphs.

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