Benchmark

More documents

Recommendations

Info

A benchmark “ranking” thus complementsthe normal price signal?• All EU Refiners get very similar price signals:– Refined products are global commodities, so refinery energy prices are also verysimilar– Industry energy efficiency has improved, though individual refinery energy costsvary significantly.• Some Refiners also use their “competitive ranking” to drive improvement:– What are my absolute energy costs? Of course important.– But, also what is my ranking vs. competition?• Not a perfect reaction :– McKinsey highlighted some of the reasons, such as difficulties to buildawareness, balance conflicting demands on resources etc– Some of the changes require major capital, long planning, often extendedshutdowns.– Even then, some changes are just not feasible or economically viable.• But even on a voluntary basis a benchmark ranking can enhance the“simple” price signal to incentivise improvement.4
The fossil fuels challenge:Well to wheels CO2FOSSIL FUELSProduction in Europe covered by ETSCrude Production1 – 4 %Refining8 – 10 %Distribution & retail1%Combustion ofunit of energy85%Well-to-Tank 15%(production)Tank-to-Wheel 85%(consumption)EU Downstream 9-11%55Source: CONCAWE
Page 1: CEPS Benchmarking8 th July 2009Chri
Page 6 and 7: Refineries need to convert some res
Page 8 and 9: Deep conversion refineries also con
Page 10 and 11: One parameter to characterise EU re
Page 12 and 13: BACK UP
Page 14 and 15: Refining is an energy intensive ind
Page 16 and 17: Recommended ground-rules forbenchma
Page 18 and 19: Setting the “benchmark” for an
Page 20 and 21: A single throughput parameter which

Benchmark

Create successful ePaper yourself

Delete template?

Save as template?