How to leverage the advantages of integrated refineries with high Nielsen coefficients?
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Recently, petrochemical companies have begun to release their production and operation data for 2023. When comparing companies with similar Nelson complexity coefficients, there are differences in profits after deducting non-recurring items, leading to some companies being in profit while others are in loss; this situation prompts a desire to look back as well as to look forward. How to identify technical gaps and address weaknesses, as well as how to change approaches and find solutions from a business perspective, are issues that must be considered in 2024. Zhejiang Petrochemical is set to put into operation a new 3-million-ton-per-year slurry-bed reactor No. 3, as well as a new reforming unit with a capacity of 4.1 million tons per year. Its Nelson coefficient will rise further from the original value of 11.9 to around 12.5, approaching the level of one refinery in India, which has the highest such coefficient in the world. In my opinion, it is necessary to objectively analyze whether the advantages of the original Gunning coefficient were fully utilized Experts are needed to figure out how to make the most of the 85% advantage in crude oil cost control There is an even greater need for \"digital intelligence\" platforms to optimize and improve all aspects such as crude oil procurement, production scheduling, and molecular management. It is also necessary to shift from the traditional \"additive\" approach to production and operations to a multiplicative one, with making money being the top priority. A new year brings new ideas and thoughts. I share this post to stimulate discussion; I invite those with wisdom to consider the matter and offer their suggestions. Wishing prosperity in the Year of the Dragon!
To leverage the advantages of integrated refineries with high Nelson coefficients, actions can be taken in the following areas: 1. Advantage of raw material flexibility: Make full use of the ability of refineries with high Nelson coefficients to process heavy, low-cost crude oil, optimize crude oil procurement strategies, and reduce costs. 2. Product structure adjustment: Adjust the product structure in line with market demands, increase the proportion of high-value-added products, and expand profit margins. 3. Improve operational efficiency: By leveraging digital and intelligent technologies, optimize production scheduling and molecular management, reduce energy consumption, and enhance efficiency. 4. Technological innovation and upgrading: Focus on technological improvements in processes and equipment to enhance synergies in the refining and chemical integration process. 5. Cost control and risk management: Implement precise cost control, improve financial management capabilities, and effectively manage market dynamics and price risks. 6. Talent and organizational capabilities: Build professional teams and enhance employees’ skills and organizational effectiveness to better adapt to market changes and challenges. .