The Petrochemical industry as a whole faces two fundamental constants—the pressure of global-competitiveness and a cyclical nature. Because chemical products afford trasportation with relative ease, product trade-flow across the globe are common. As such, true global pressure exists for regional product prices. The traditional 7- to 8-year business cycle with its peaks and valleys is transforming to a 10- to 12-year cycle at present, fueled by growth mainly in Asia. Staying in business, remaining competitive, and surviving the ride in both good and bad times requires having a strategy in place that sustains profitability.

Comparative Performance Analysis
Benchmarking performance is one strategy that all petrochemical producers must adopt to measure and improve their sustainable profitability. Solomon's Comparative Performance Analysis (CPA) benchmarks performance and provides the means for your company to remain competitive, by analyzing your performance relative to your peers. We analyze a wide range of key indicators to help you determine where you are, and where you should concentrate your improvement efforts to achieve the greatest benefits for your plant. We offer benchmarking services for olefins, butadiene, and styrene.

Benchmarking allows you to optimize your operating and maintenance costs, identify gaps in your performance, and establish measurable improvement goals. Additionally, the pressure for longer run lengths and higher utilization is increasing emphasis on safety and environmental responsibility. Beyond benchmarking your entire operation, CPAs are also available for more focused issues such as reliability and maintenance. If you need to integrate the benchmarks for your assets over your entire supply chain, we offer CPAs for refining, pipelines, and power generation.

Profit Improvement Consulting
To help you realize your potential, Solomon has developed data-driven consulting services that focus on improving those areas that have the most direct impact on your sustainable profitability. Our Net Cash Margin Measurement, Management, and Maximization (NCM^TM) program offers a holistic and comprehensive approach that helps you address the technical issues impacting improvement and the management issues that sustain the improvement. The improvement process can be excuted holistically or in modular fashion with specific focus on areas such as Energy, Environment and Safety, Reliability and Maintenance, Economics, Problem Solving, and Business Optimization. Click on the links at left to download information on these specific improvement programs.

To request additional information about these and other services from Solomon, please fill out the Contact Form