Best practices determine refinery pacesetter performance

Implementation of better refinery work practices drives improvement in cost efficiency, the numerator in the $/bbl cost equation. These best practices explain the widening difference between the performance of pacesetter and fourth-quartile ranked refineries.There is a widely held myth in the refining industry that after several years of focused cost reduction, refining costs can no longer be reduced.While refiners have reduced the costs of refining as measured by most any measure during the past 20 years, the range in performance between the best and worst performers has widened. The widening gap between best and worst performers indicates that significant cost-reduction opportunities re...

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