Introduction to Refining Economics
Southwest Process Technology Conference
2012
4th AIChE Regional Process Technology Conference
2012 Regional Process Technology Conference
Technical Sessions for Young Professionals
Friday, October 5, 2012 - 12:25pm to 12:50pm
Refineries are complex multi-product plants that are the blend of many complex trade-offs. Estimating the value of a feedstock change or process reconfiguration requires evaluation of the entire system. This talk will provide a review of the basic refining economic terms, refinery processes and the factors that drive the economics of operating a refinery. It will be demonstrated how overall system evaluation results differ from local estimates.