Course Content – Refinery Economics and Aspen PIMS

Course Content – Refinery Economics and Aspen PIMS

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.

REFINERY ECONOMICS AND FUNDAMENTAL ASPEN PIMS

Description:

Upon completion of this course, participants will be able to use fundamental economic thinking and concepts to support business profitability and success. They will:

  • Develop a baseline understanding of economic fundamentals
  • Connect those fundamentals to petroleum refining and the broader market
  • Understand how to connect these concepts with business success
  • Learn LP fundamentals
  • Gain familiarity with key Aspen PIMS tables and formats
  • Develop simple Aspen PIMS model and understand how the matrix structures are generated
  • Execute and troubleshoot various case scenarios and analyze information from Aspen PIMS reports
  • Perform basic economic evaluations
Outline:
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
Who Should Attend:

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.

Instructor:
Darren York
Darren York Mr. York has 25 years of Supply Chain Optimization and Industrial Engineering experience in the Refining and Chemical industry. Darren’s experience includes roles with KBC Advanced Technologies as a Principal Consultant and Global Product Manager for Strategic and Supply Chain Services working with international clients in all regions including the US, Canada, Mexico, Ecuador, Brazil, Uruguay, Germany, France, Italy, Greece, Russia, EAU, Oman, South Africa, India, Thailand, Malaysia, Philippines, China and Japan. Prior to KBC, Darren held multiple positions, including management roles, at Flint Hills Resources Corpus Christi refinery in business development, economics and planning, production accounting, compliance and performance management. In these roles he has focused on business success and margin capture through applied optimization, project leadership, planning, coaching and technical development of an integrated hydrocarbon supply chain.

Darren has expertise in refinery and petrochemicals planning (operations, annual, long term, and strategic), refinery scheduling, crude evaluation/selection, product blending, logistics, commercials/trading, economics and business analysis, LP modelling (PIMS, RPMS, GRTMPS, Petro and Spiral), Scheduling and Blending modelling, compliance and Foreign Trade Zone (FTZ) management, performance management with KPIs and scorecards, business analytics and data visualization, process mapping, stochastic modelling/simulation, and discrete event simulation.


Purnima Kharidehal, Ph.D.
Mohammed Hussain Mr. Hussain completed his Bachelor’s in Chemical Engineering and Master’s in Industrial Engineering with a background in Optimization. As a Sr. Technical Consultant in the AspenTech Petroleum Supply Chain team, he has helped troubleshoot PIMS model issues like convergence and Local Optima, and worked on model tuning for performance improvements. He has also worked on PIMS upgrade projects, model migration from PIMS-DR to PIMS-AO and Unified PIMS. Along with this, he has experience with delivering multiple trainings across the Petroleum Supply Chain suite, including foundational and advanced PIMS classes, Aspen Petroleum Scheduler, Multi-Blend Optimizer, and Aspen Unified courses.

Download Course Content
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Register before June 3, 2022 and receive 20% off with the Early Bird discount, automatically applied at the time of registration. Group rate discounts are also available. Email Training@becht.com for more details.

To register for this very valuable training, select a schedule below, and click Register:

Schedule Date Time PDH Platform/Venue Cost Register
Summer June 20 – 24, 2022 8:00 AM – 5:00 PM
Central Time (UTC -6)
40 hrs. GoToTraining (Virtual)
Aspen Technology, Houston, TX (In-person)
US$4,000

For information regarding the training course, contact the Training Coordinator at Training@becht.com.

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