Refinery Cost and Margin Analytics Solution Overview

This document is a technical report detailing the development of the Refinery Cost & Margin Analytics (RCMA) solution by S&P Global Commodity Insights in collaboration with AspenTech and AWS. The RCMA aims to enhance decision-making in the oil and refining industry by transitioning from traditional data collection methods to a cloud-based model that supports advanced analytics. The report outlines the capabilities of the new Refining Scenario Manager, which allows users to analyze various refinery configurations and conditions, maximizing throughput and minimizing shutdowns. It emphasizes the importance of swift decision-making in a competitive landscape, highlighting how the solution can run multiple scenarios and provide real-time data access. The report also discusses the user-friendly interface designed to democratize access to complex analytics, making it easier for less experienced users to perform analyses. Additionally, it notes the potential for the solution to support compliance with evolving regulatory requirements, particularly in the context of sustainability and carbon pricing.