03 December 2010 21:34 [Source: ICIS news]
NEW YORK (ICIS)--The four best base oil refineries are not the newest, but they are larger than the worldwide average, a consultant said on Friday.
In base oil refining, “size matters, but age doesn’t”, said Jamie Brunk, senior consultant at US-based Solomon Associates.
Brunk made his comments in a speech at the sixth annual ICIS Pan-American Base Oils Conference. “Good performance does not require the newest technology.”
Soloman Associates collates actual operating statistics from refiners around the world on a confidential basis every two years and makes them anonymous.
Analysis of data from 2008 identified four leading base oil refineries, two of which are in Asia, one in Europe and one in the US.
The four best refineries tend to use more lower quality crude oil than the average. Two are operated using solvent extraction processes and the other two incorporate hydrocrackers, Brunk said.
Among factors that set the four plants apart from the others is that cash expenses are better controlled. Their advantage in operating expenses derives from management and organisational effectiveness and the use of sustainable best practices, he added.
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