Developing a Renewable Fuels Strategy for Market Entry

A European refinery saw a strategic opportunity to enter the renewable fuels market and wanted to position themselves for long-term success in this emerging sector.

Objective

The refinery wanted to evaluate multiple processing options through a technical and economic review, using Becht’s expertise and tools to conduct a prefeasibility study. Their goal was to identify the most effective overall strategy for entering the renewable fuels market.

Approach

Becht assembled a multi-consultant team to help the client frame the opportunity and assess the full range of options. The team performed a detailed technical review that examined the interaction of feedstocks, process technologies, and potential product slates using kinetic modeling. Based on this technical evaluation, Becht prepared both capital and operating cost estimates. These inputs were then incorporated into a series of economic case studies, providing a complete picture of each option and identifying the optimal investment opportunities.

Solution

The analysis resulted in clear recommendations that equipped senior management with the information needed to make informed decisions regarding renewable fuels investments.

Value

The engagement provided the refiner with a well-defined renewable fuels strategy supported by a thorough technical review, enabling them to optimize capital allocation and maximize return on investment.