Fundamentals of Refining Economics and the Future of Refining

Fundamentals of Refining Economics and the Future of Refining

INTRODUCTION

Energy Transition is reshaping refining. As refinery margins are up, refiners are reviewing portfolios and reinventing what it means to be a refiner today. This live training course is designed to be instructive but interactive to engage in dialog and gain feedback from the audience. Comprising of 12 refining and petrochemical sessions, this course culminates in delivering aspirational Net-Zero refinery and petrochemical designs.

WHO SHOULD ATTEND?

• Senior Operation in Refineries
• Thermal and Stationary Equipment Engineers
• Personnel responsible for Inspection, Maintenance and Reliability
• Process Engineers
• Plant Engineers
• Project Engineers

COURSE OUTLINE

Fundamentals of Refining

1. • Session 1: Refinery technical configuration and operations
   • Session 2: Refinery economics and margin optimization

Energy Transition

1. • Session 1: Fundamentals
     – What is the definition and scope of Energy Transition?
     – What are the drivers (e.g. ESG)?
   • Session 2: Commercial Outlook
     – What is the industry response (e.g. electric vehicles, hydrogen economy, crude-oil-to-chemicals, etc.)?
     – What is the outlook, short, medium, and long term?

Refining petrochemical interface/integration

1. • Session 1: Refined products as petrochemical feedstocks
     – Olefins and Aromatics
     – Regional balances and outlooks
   • Session 2: Process Technology as a function of the percent of chemical feedstocks (a.k.a. Crude-Oil-to-Chemicals)

Refinery Flexibility: What can refiners do with the configuration that they have to optimize/shift yields without making a major capital investment?

1. • Session 1: To increase the percent of the barrel to chemical feedstocks (COTC)
   • Session 2: Bio-conversion is to include both co-processing of bio-feedstocks and full bio-conversions

Greener Refineries: Environmental Impact Overview

1. • Session 1: Quantification of Greenhouse Gases (GHGs)
   • Session 2: Use Greener power and hydrogen

Refineries of the Future: Aspirational Design to Net Zero

1. • Session 1: Profile of refiner’s aspirational designs and technical approaches to net-zero designs
   • Session 2: Quantitative impact on a world-scale refinery carbon footprint of various technical configurations and product slate considerations (e.g. inclusion of the bio-diesel, chemical decarbonization, products, renewable power generation, and/or plastics recycling via chemical pyrolysis, etc.)