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REFINERY ENERGY MANAGEMENT REPORT LATEST TECHNOLOGIES AND STRATEGIES TO ENHANCE OPERATIONAL ECONOMICS
Publication date:July 2012
The global refining business is pressing forward in a difficult operating environment in which only the best, most sophisticated refineries will be profitable. Complex refineries are considered the ones that can buy the cheapest feeds and convert them into the products the market wants using the most cost-effective processes in the near term with a long-term operational strategy. The cost factor is the key in maintaining profit margins.
According to the US Energy Information Administration (EIA), energy usage represents more than 40% of the overall refinery operating expense, excluding crude purchases. A recent Concawe study indicates that EU refineries currently spend about 60% of their cash operating costs on energy, and the figure has been doubled for the last two decades due to rising energy costs, increasingly tight fuel standards, and higher refinery complexity. Therefore, it is important to identify technologies and strategies for reducing energy consumption.
Our new report presents the most comprehensive view of the areas where refiners can improve energy efficiency in both utility providers (such as heat, steam, and hydrogen) and energy consumers, i.e. processing units. Detailed discussions and analyses focus on:
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Refinery energy efficiency, refinery energy consumption, refinery energy management, energy conservation, refinery energy intensity, heat recovery, waste heat, HRSG, heat recovery steam generator, carbon footprint, CO2 emission, refinery, refinery margins, refining profits, heat exchanger, pinch analysis, heat integration, FCC, cat reforming, hydrotreating, hydrocracking, crude distillation, PSA, membrane, hydrogen, asset management, environmental regulation compliance, alkylation, insulation, cogeneration, CHP, combined cycle, combined heat and power, IGCC, turbine, expander, CO boiler, boiler, furnace, compressor, blower, fan, electricity, isomeration, petrochemical, refinery-petrochemical integration, steam, fouling, maintenance, safety, reliability, Solomon Energy Index, benchmarking, cost reduction