2021 AFPM Annual Meeting Virtual Edition: The Economics of Reliability: Global Refining Interim Report

Hydrocarbon Processing, April 2021 Issue  

The reliability of complex processing facilities can separate top performers from the rest. In the refining industry, crack spreads – the difference in price between refined products and chosen inputs – can be used to indicate the health of the industry. Over 80% of the costs for a refinery are its feedstock (e.g. crude oil) and crack spreads help show the remaining amount available for refineries to invest in reliability programs.

Read our article in Hydrocarbon Processing to learn more about the impact reliability has on the economics of refineries. For additional reliability trends and insights, download our Economics of Reliability – Global Refining report.