Introduction
The world of energy is going through a profound transition where traditional fossil fuels are losing favors with the society in general due to increased environmental awareness and climate change. The big gas guzzlers which use to be the norm around the world and people use to take pride in their possessions are becoming a thing of the past. Electric cars are already selling like hot cakes and many countries have already announced that by 2030 onwards there wouldn’t be any new gasoline or diesel cars produced in their countries. Even the so-called transition fuel of natural gas is gradually being replaced with renewable sources of energy. Crude oil is projected to drop to 80 MMb/day from a high of almost 100 MMb/day before the Covid 19 pandemic. However, such trends will have a profound impact on one sector of oil sector and that is refineries.
The current model of refineries to make margins is completely skewed towards transportation fuels, yet that’s the very area the biggest cuts in demand are projected to happen. The industry is aware of this problem in general and a logical route is to invest more in the integration of the refinery with petrochemical plants. However, that does carry the risk that there may be excess capacity in the markets and the large amounts of investment needed for building these complexes may not be profitable as petrochemical is a volatile market not profitable everywhere.
Refineries in the Middle East and Europe are in a vulnerable state and several of them have either closed down or merged and this may happen much more in the future. This training course will provide the in-depth analysis of the market dynamics of how margins in general can be improved region wise in general and what integrations or adaptations may be necessary for some regions to stay in business.
This Refinery Integration and Adaptation training course will highlight:
- The current working of typical refineries
- What changes are on the horizon for this investment heavy sector
- Cost analysis, economic scenarios and case studies for the sector and the integration/adaptations
- Improving economics of the complex
- Region wise refinery outlook and dynamics to minimize disruption.
Course Objectives
By the end of this Refinery Integration and Adaptation training course, participants will learn to:
- Identify the scale of challenge
- Understand the technical & operational aspects integration/adaptations concept
- Analyze the various models adapted by successful refiners from around the world
- Improve on skills to build on current capabilities
- Develop economics of their current complexes
Who should Attend ?
This Refinery Integration and Adaptation training course is suitable to a wide range of professionals but will greatly benefit:
- Professionals involved in designing, selecting, sizing, specifying, installing, testing, operating and maintaining systems.
- Professionals, Technologists, Supervisory personnel, Senior Engineers, Team Leaders and Managers engaged in the refinery operation and oil production/exploration activities, who have a considerable experience and who are required to understand and discuss issues related to their processes.
- Process and Process Control Engineering, Technologists, Supervisory personnel, Senior Engineers, Team Leaders and Managers.
- Geologists and Reservoir Engineering: Supervisors, Engineers, Team Leaders and Managers.
- Oil Account Management: Supervisors, Engineers, Team Leaders and Managers.
- Harbor Master, Marine/Port Control Tower Operator, Tug Operator.
- Operational Planning, Refinery Scheduling Engineers, Team Leaders and Managers.
- Corrosion and Inspection Engineering: Supervisors, Engineers, Team Leaders and Managers.
- Oil and Gas Operation (Upstream/Downstream): Supervisors, Engineers, Team Leaders and Managers.
- Mechanical, Rotating and Maintenance Planning: Supervisors, Engineers, Team Leaders and Managers.
- Health, Safety and Environment (HSE): Supervisors, Engineers, Team Leaders and Managers.
- Instrument Maintenance: Supervisors, Engineers, Team Leaders and Managers.
- Project Management: Supervisors, Engineers, Team Leaders and Managers.
- Commercial, Financial, Insurance and Legal Management: Controllers, Senior Engineers, Team Leaders and Managers engaged in the refinery operation and oil production/exploration activities.
- IT, Data and Document Management: Controllers, Senior Engineers, Team Leaders and Managers.
- Business, sales, technical, and scientific personnel with limited or no broad refinery operating and oil production/exploration experience, along with technical sales personnel.
- Those involved in selling equipment or supplies to the refinery operations and oil production/ exploration industry.
- Those involved with economic evaluations of refinery operations and oil production/ exploration will benefit from this training course.
- Those involved in marketing, selling refined, final export products will benefit from this training course.
Course Outlines:
Reinventing the Refinery: The Old Model
- The fundamental working of a typical refinery
- Processes and fuels
- Scale of the sector
- Why it became such a big sector
- Some of the biggest complexes and their working
- Market capacity and demand centers
- Crude spreads and margins
- Traditional markets and their working dynamics
Refinery schedules
- Economy of fuels
- Capacities of refineries (Fuels)
- Future demand and consumption in various markets
- Economics of petrochemicals
- Pros and cons of the petrochemical market
- Complexities and logistics of integration vs non-integrations
Commercial Strategies and Business Development
- Fluidized catalytic cracker
- Refinery flexibilities
- Advantage of feedstock and location
- Cost of integration
- CAPEX estimates
- Financial/Debt structure assumptions
- Forecasts in the market
- NPV / IRR / Valuation
- Polymers and their chemistry
- Poly ethylene and poly propylene
Economic drivers for base chemicals and polymers
- Risks of diversification
- Strategy development
- Forecasts and planning
- Regional optimization of capacity and utilization
- Sensitivity analysis of
- Oil cost
- Gas cost
- Catalyst cost
- Capacity utilization
- Economy of scale
Environment and Sustainability
- Refinery and the changed model of green economy
- Green credentials
- Health, Safety and Environment codes and standards.
- Carbon auditing of refinery processes
- Carbon pricing and trading
- Carbon capture and utilization
- Blending
- Creation of sustainable fuels and chemicals
- Competition and strategy