If you produce chemicals, regardless of whether it is your core business, you operate with one goal in mind—produce with lower production costs and higher margins than your competition. At Solomon, we have spent decades helping clients understand where the margin benefits lie in the manufacturing process, helping optimize yields, lower production costs, and increase profits. Understanding the key performance indicators keeps you competitive in the world of commodity chemicals manufacturing.
Olefin, butadiene, and styrene plants in 36 countries around the globe use Solomon’s in-depth benchmarking process to integrate positive changes that improve performance at the manufacturing level. We offer the only third-party benchmarking assessment that gives you the visibility to trends in yields, reliability, and energy efficiency among other performance areas. This knowledge allows you to make the most informed decisions and know where you should focus to stay one step ahead of the competition.
For more than two decades, the world’s olefin manufacturers—currently 70% of the production capacity—have relied on Solomon’s biennial
Worldwide Olefin Plant Performance Analysis (Olefin Study) data to understand where their largest performance improvement opportunities lie and how much margin that performance gap is worth to prioritize programs to capture the maximum margin.
With the most detailed look at performance in aromatics manufacturing—more than any other study available—Solomon’s
Aromatics Manufacturing Performance Analysis (Aromatics Study) provides the global picture of how you measure up to the most optimized and highest performing plants operating today.
Solomon’s
Worldwide Butadiene Plant Performance Analysis (Butadiene Study) is designed to assist manufacturers in evaluating the sustainability and competitiveness of their facilities by comparing each plant’s key performance indicators to that of their industry peers. Doing so provides a basis for supporting a plant’s profitability improvement efforts.
Each plant will be benchmarked as a member of various peer groups:
• Total Study Population
• Geographical Area
• Butadiene Manufacturing Capacity
• Plant Technology
Within each peer group, individual plants rankings will be provided for the following parameters:
• Plant Capacity
• Capacity Utilization
• Operating Cost Elements
• Product Yields
• Production Costs Elements
• Profitability
• Plant Technology
Whether you are in need of measuring your total greenhouse gas emissions or identifying energy conservation steps to reduce them, this analysis, which uses Solomon’s unique Carbon Emission Intensity (CEI™) metrics, will help you find the answers you seek.
Our chemicals consulting team works with you to pinpoint the areas that need improvement and to create the roadmap for implementing change. Our experienced chemicals consulting team will outline the methods, processes, timelines, and budgets necessary to maximize your margins through an effective mix of no- or low-cost projects designed to improve plant performance.
>Learn more Q1 Day 1 is Solomon’s performance improvement methodology applied to new capital projects to help clients mitigate the risk of financial loss related to these types of projects. This flexible, tailored solution is designed to ensure that the return on investment of your new complex is secure.
>Learn more Solomon’s International Study of Plant Reliability and Maintenance Effectiveness (RAM Study) provides you insight into the factors primarily impacting the effectiveness of reliability and maintenance at your facility. The study clearly identifies and quantifies areas for improved maintenance performance.
>Learn more From Asia and Europe to the Middle East and the US, we give you the truly big picture as to how your performance compares to the competition around the world.
Each study reviews hundreds of performance measures—yield indicators, range of utilizations, maintenance cost performance, etc.—to help you get the most profitable yields from your feed and achieve budget goals by having a smoothly-operating plant.
Our data is validated, unitized, and kept confidential. Unlike the data you may receive from licensors, our data provides you a unique global perspective into where you should focus resources to obtain optimal performance improvement to remain competitive.
Our analysts and performance improvement consultants have an average of 25 years in the chemicals industry, giving them the insight into improving your performance that can only come from hands-on experience.
