Helpful guidelines

What is EDC in Solomon?

What is EDC in Solomon?

Definitions: EDC: Solomon’s proprietary metric to normalize configuration, size, and complexity. EDC is based on operating expense correlations. As a “new normality” unfolds and operators return to more typical staffing levels, we recommend reaffirming or implementing reliability strategies and methods.

What is EDC in refining?

In the Refining Industry, a common index termed as “EDC” – Equivalent Distillation Capacity is defined to calculate the benchmark of manpower requirement. Calculation of EDC is a two-step process. The first step is the multiplication of the capacity of each unit in the refinery with the Nelson’s complexity factor.

How do you calculate refinery capacity utilization?

Refinery utilization rate: Represents the use of the atmospheric crude oil distillation units. The rate is calculated by dividing the gross input to these units by the operable refining capacity of the units.

How to calculate refinery complexity?

The complexity of each piece of refinery equipment is then calculated by multiplying its complexity factor by its throughput ratio as a percentage of crude distillation capacity.

What is a Solomon survey?

Solomon is the primary provider of operations benchmarking for the global refinery business. Solomon runs a benchmarking survey globally every two years for refiners as a subscription service.

What is a good Nelson complexity index?

Measured on a scale from 1 to 20, the higher the value on the NCI, the more sophisticated and complex products the refinery can produce. Higher-valued refineries on the NCI tend to be more costly to build and operate, but also produce more profitable outputs.

What is NRGF in refinery?

MBN – Million British Thermal Unit per Thousand barrels per Energy Factor. (MMBTU / Barrel / NRGF) = (Fuel + Loss) NRGF – Complexity of the refinery. Based on Refinery submitted data FY 2014-15.

How do you measure capacity utilization?

Capacity utilization is measured by dividing the total capacity utilized over a specific period by the total production capacity or optimal levels and multiplying by 100.

How do you calculate equivalent distillation capacity?

Equivalent distillation capacity is another means of comparing refinery costs. In this calculation, the atmospheric distillation capacity of a refinery is multiplied by its overall complexity rating. For example, a 75,000 b/cd refinery does not necessarily have half the processing capability of a 150,000 b/cd refinery.

What is complexity index of a refinery?

Complexity index (CI) designates the capabilities of a refinery to upgrade the lowest quality crude to the highest quality refinery products, including fuels and petrochemicals.

What is Solomon refining?

Solomon’s refining studies are designed to do just that—provide a competitive perspective and detailed gap analyses that help identify potential opportunities for efficiency improvement across all areas of operation.