Study by leading energy consulting firm identifies opportunities for improving manufacturing processes and increasing profit margins.
DALLAS, September 29, 2011 — Solomon Associates, the leading performance improvement company for the global energy industry, announced today it has begun solicitation for its 2011 Worldwide Olefin Plant Performance Analysis.
Also known simply as the Olefin Study, it will enable chemical manufacturers to identify performance gaps and improve their bottom lines.
Olefins include ethylene and propylene, important sources of plastics products and industrial chemicals. Chemical plants produce olefins by cracking, or breaking down, natural gas liquids such as ethane and propane or liquid hydrocarbons such as naphtha or gas oil. Solomon Associates’ Olefin Study uses a proprietary gap analysis to identify millions of dollars in potential improvements to chemical manufacturers’ annual margins.
“Solomon’s gap analysis compares your performance to the best olefin plants in the world and quantifies performance opportunities in dollars to see where you can get the best return,” said Claire Cagnolatti, vice president of chemicals studies at Solomon Associates. “It is vital to know where you stand and how you can improve — to survive and ultimately outperform the competition in today’s economy.”
The study provides both macro and micro views of plant performance. In a time of volatile feed stock economics, the Olefin Study will show chemical manufacturers how feed stock selections are changing around the world.
For a micro view, the study will measure individual plant performance to identify plants that are achieving optimum yield.
Energy consumption is a key focus for the Olefin Study. Energy-efficient plants will optimize both costs and emissions.
Prior studies have seen chemical manufacturers representing 70 percent of the world’s olefin production participate in the Solomon Associates study. The 2011 study is expected to meet or exceed that participation level.
“The best performing plants don’t perform that way by chance,” said Cagnolatti. “Manufacturers around the world can learn what top performers are doing to stay reliable by participating in this year’s study.”
Interested companies may learn more about Solomon Associates’ chemical studies by visiting http://www.solomononline.com/olefin-study or by contacting Claire Cagnolatti by telephone at +1.972.739.1721 or by email at Claire.Cagnolatti@SolomonOnline.com.
About Solomon Associates
Based in Dallas, HSB Solomon Associates LLC is the world’s leading performance improvement company for energy companies seeking to identify and close gaps in operational performance. Combining proven, patented methodologies with objective data analysis, and led by a team steeped in hands-on operational experience, Solomon Associates consistently helps clients with energy-intensive assets achieve greater efficiencies, enhanced reliability, and improved margins. Solomon Associates is part of HSB Group, Inc. To learn more about Solomon Associates’ energy consulting and performance benchmarking services, visit http://www.solomononline.com.
Press Contact:
Scott Baradell
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sbaradell@ideagrove.com
