July 2014

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HP Viewpoint: The journey to a value-adding refinery project

It is quite common for a project to become fully operational 4–5 years after its initial definition, during which time the prevailing market conditions are likely to have shifted.

Ozmen, S. M., Shell Global Solutions International

Projects are a means of creating value from assets. The more thorough a project’s planning and management, the more successful it is likely to be. However, it is quite common for a project to become fully operational 4–5 years after its initial definition, during which time the prevailing market conditions are likely to have shifted. For many executives, this is a key concern: How can they ensure that their investment plans remain technically and economically robust in the new environment? To help address such concerns, Shell Global Solutions has developed the Honeycomb Model (Fig. 1). The principal aim of this model is to help ensure that projects capture maximum value through

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