Refinery Economics and Planning

 

Becht + AspenTech: Learn from the Gurus!

Expert training combining deep domain knowledge with hands-on modeling application

 

 AspenTech and Becht are excited to offer a brand-new training that combines refining domain practice with application of AspenTech solutions. Jointly delivered by refining domain experts from Becht and modeling experts from AspenTech, students will learn refinery operations, gain additional insights into the energy industry and get hands-on experience using AspenTech tools to solved real world problems.

 

Becht is a US based engineering services company with several hundred senior specialists serving energy, chemicals, power and alternative energy industries for close to 60 years.

 

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Audience:

This course is designed for new planners and modelers who have 1 year or less experience in Aspen PIMS / Aspen PIMS-AO and need experience in building and optimizing refinery planning models to generate optimum plans. This program combines a survey course, designed for anyone interested in the economics of the petroleum refining industry, with specific training on Aspen PIMS, Aspen’s LP modeling tool.

Training Details

  • Course Id:

    REF102

  • Duration:

    5 day(s)

  • CEUs Awarded:

    3.5

  • Level:

    Introductory

Agenda

Overview of a Petroleum Refinery

 

Economic Bases:

  • Crude/Feedstock/Product Pricing
  • Other Economic Basis Considerations: ESG, Regulatory, Logistics and Risk Management

 

Economic Optimization:

  • Crude Units
  • Process Units
  • Product Blending
  • Refinery

 

Economic Decision Making

  • Models and Tools
  • Operations Planning
  • Crude Oil Evaluation
  • Refinery Investments

 

Fundamental LP Concepts

  • What Is An LP?
  • How Does It Work?
  • LP Terminology
  • LP Economic Concepts
  • Pooling and Process Unit Representations

 

Fundamental LP Economics Applications

  • Assay Management
  • Crude Oil Evaluation
  • Scenario Evaluation for Operations & Investment



Fundamental PIMS

  • PIMS Data Tables and Format
  • Supply and Demand Tables
  • Case Stacking
  • Product Blending
  • Process Submodels
  • Base-Delta Submodels
  • Pooling Submodels
  • Parameter Rows
  • Crude Distillation
  • Miscellaneous tables
  • Row and Column names in the PIMS Matrix
  • How to Troubleshoot Models
  • Common Mistakes
  • Additional Features

 

Use link below to complete your registration. Email Training@becht.com or nala.training@aspentech.com for more details.

 

Date

Time

Platform/Venue

Registration Link

November 14 to 15 , 2023

8:00 AM – 5:00 PM
Central Time (UTC -6)

GoToTraining (Virtual)
Sheraton North Houston at George Bush Intercontinental

Register



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Aspen Technology, Inc. awards Continuing Education Units (CEUs) for training classes conducted by our organization. One CEU is granted for every 10 hours of class participation.