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5 Pages

Refinery Complexity – A cost metric that does not indicate value


Refinery Complexity – A cost metric that does not indicate value

Report summary

Complexity indices provide useful cost metrics in determining a refinery's capability to convert crude oil to higher value refined products but their use is limited in assessing the commercial implications of an investment or transaction decision.

What's included?

This report includes 1 file(s)

  • Refinery Complexity – A cost metric that does not indicate value PDF - 306.85 KB 5 Pages, 1 Tables, 3 Figures

Description

This Refining and Oil Products Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

For participants, suppliers and advisors who want to look at the trends, risks and issues of this topic, this report gives you an alternative point of view to help inform your decision making.

With over 20 years of experience in the refining industry, Wood Mackenzie is a trusted global leader with a reputation for producing consistently reliable information.

Our senior analysts are based in the markets they analyse. They use detailed research data to forecast, benchmark and recognise trends that will help both new and existing participants identify opportunities and avoid risks.

  • Introduction
  • Cost Indices
    • Table 1: Selected Nelson Farrar Process Unit Indices
    • Figure 1: European Refinery Complexity Profile (2013)
    • The refinery with the highest complexity score is Eni's Livorno facility, due to large relative size of its lubricant facility. The sporadic operation of this site during 2013, due to poor economics, highlights the weakness of complexity as a metric of competitive postion.
  • Cost and Value Relationship

In this report there are 4 tables or charts, including:

  • Introduction
  • Cost Indices
    • Refinery Complexity – A cost metric that does not indicate value: Table 1
    • Refinery Complexity – A cost metric that does not indicate value: Image 1
  • Cost and Value Relationship
    • Figure 2: 2013 European Refinery Complexity and Net Cash Margin (individual asset analysis)
    • Figure 3: Net Cash Margin and Refining Complexity Correlation (2013 and 2007)
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