The analysis uncovered a need for significant cost reduction due to excess capacity in the European refinery industry.
Through interviews, work shops , benchmarking and studies, opportunities for reducing process stop times through using best practice transfer between shifts in production and maintenance were identified and operationalised. Operational and process related improvements were built in to the existing ERP-system. A strategy / plan for selling excess to the local community and sales of waste products from the process was developed and implemented. A on-line price monitoring model was designed and implemented to allow production management to optimize product mixes based on short term price changes for hydrocarbon based products.
Production / process downtime was reduced by 10%. Overall the various improvements led to a total reduction of production costs around 15 % per BOE (Barrel of Oil Equivalent )