Refinery & Supply Economics
Consultant/Trainer: Danny Peferoen & Peter Bost
Refinery economics are being reshaped by market volatility, shifting crude slates, tightening regulations, and the energy transition. Geopolitical tensions and supply chain disruptions make margin optimization more critical than ever. This CPD Accredited intensive course provides the insights and skills needed to maximize value from crude selection, product optimization, and logistics.
Through real-world case studies and expert guidance, you’ll learn how refining margins are formed and optimized, the impact of crude selection on profitability, strategies for managing product value chains in volatile markets, and how to integrate sustainability into refinery economics.
Cost
€3525
Location
Amsterdam, the Netherlands
Dates
w/c 09 November
About the Trainer
Peter Bost is a seasoned expert in refinery supply economics, with decades of experience in crude selection, refining margin optimization, and product value chain management. His career spans leadership roles in major oil companies, where he played a pivotal role in refining strategy, supply chain efficiency, and trading. Peter brings a wealth of knowledge in market dynamics and cost-effective refining solutions, equipping participants with practical insights and strategic decision-making skills.
Danny Peferoen has an extensive background in refining operations, supply chain logistics, and trading strategies. With years of experience in the energy sector, Danny has advised global refiners on crude procurement, product pricing strategies, and operational cost optimization. His expertise in navigating volatile markets and integrating sustainability into refining economics makes him a valuable resource for course participants looking to enhance their competitive edge in the industry.
Participants
The ideal participants for this course include:
- Refinery Managers & Engineers
- Supply Chain & Logistics Professionals
- Trading & Marketing Specialists
- Business & Strategy Analysts
- Economists & Financial Analysts
- Operations & Planning Managers
Whether you’re optimizing crude selection, managing refinery profitability, or adapting to evolving regulations and sustainability demands, this course will provide you with the knowledge and tools to make informed, strategic decisions.
Learning Objectives
By the end of this course, participants will have a comprehensive understanding of the economic principles that underpin refinery supply chain operations. You will gain practical skills in analyzing the financial and operational aspects of refinery supply chains, focusing on key metrics such as cost structures, optimization strategies, and risk management. The course will equip you with the ability to assess the impact of market fluctuations, resource allocation, and environmental factors on refinery profitability. Through case studies and hands-on exercises, you’ll develop the ability to make informed decisions to enhance operational efficiency and drive cost-effective solutions within the refining industry.
Day 1
Safety & Introductions
- Welcome, safety, arrangement
- Introduction of participants
- Programme & course objectives
Refinery configurations
Costing and Valuation: YES
Costing and Valuation: Marginal costing
- Valuation of Furfural Extract
Costing and Valuation: Refinery Fuels
- Valuation of Refinery Fuel
Margin optimisation: Crude valuation
- Crude valuation
- Crude processing deal
Day 2
Cost of Critical Gasoil spec (simulation)
Cost of Critical Gasoil spec (LP)
Margin optimisation: Linear Programming
- Analysis of a Refinery programme
- Trading game
Investment economics
Day 3
Chemical investment group exercise
Supply chain planning & execution
- Implementing economic drivers
Course review & close out
Alternative Programme
Day 1 (4 h)
Introductions
- Welcome, safety, arrangement
- Introduction of participants
- Programme & course objectives
Refinery configurations
Costing and Valuation: YES
Day 2 (4 h)
Costing and Valuation: Marginal costing
- Valuation of Furfural Extract
Costing and Valuation: Refinery Fuels
- Valuation of Refinery Fuel
Margin optimisation: Crude valuation
- Crude valuation
- Crude processing deal
Day 3 (4 h)
Margin optimisation: Linear Programming
- Cost of Critical Gasoil spec (simulation)
- Cost of Critical Gasoil spec (LP)
Day 4 (4 h)
Margin optimisation: Linear Programming
- Analysis of a Refinery programme
- Trading game
Day 5 (4 h)
Investment economics
Chemical investment group exercise
Supply chain planning & execution
- Implementing economic drivers
Course review & close out
Programme
Day 1
Safety & Introductions
- Welcome, safety, arrangement
- Introduction of participants
- Programme & course objectives
Refinery configurations
Costing and Valuation: YES
Costing and Valuation: Marginal costing
- Valuation of Furfural Extract
Costing and Valuation: Refinery Fuels
- Valuation of Refinery Fuel
Margin optimisation: Crude valuation
- Crude valuation
- Crude processing deal
Day 2
Cost of Critical Gasoil spec (simulation)
Cost of Critical Gasoil spec (LP)
Margin optimisation: Linear Programming
- Analysis of a Refinery programme
- Trading game
Investment economics
Day 3
Chemical investment group exercise
Supply chain planning & execution
- Implementing economic drivers
Course review & close out
Alternative Programme
Day 1 (4 h)
Introductions
- Welcome, safety, arrangement
- Introduction of participants
- Programme & course objectives
Refinery configurations
Costing and Valuation: YES
Day 2 (4 h)
Costing and Valuation: Marginal costing
- Valuation of Furfural Extract
Costing and Valuation: Refinery Fuels
- Valuation of Refinery Fuel
Margin optimisation: Crude valuation
- Crude valuation
- Crude processing deal
Day 3 (4 h)
Margin optimisation: Linear Programming
- Cost of Critical Gasoil spec (simulation)
- Cost of Critical Gasoil spec (LP)
Day 4 (4 h)
Margin optimisation: Linear Programming
- Analysis of a Refinery programme
- Trading game
Day 5 (4 h)
Investment economics
Chemical investment group exercise
Supply chain planning & execution
- Implementing economic drivers
Course review & close out