Reducing Capital / MRO Projects Metals Costs — Oil, Gas and Petrochemical

Earlier today, MetalMiner, a Spend Matters affiliate blog, released a new whitepaper examining metals cost savings opportunities for capital projects and MRO spending. The story behind what led to the research and writing of it is a bit interesting, considering that MetalMiner’s target readership is focused on metals buyers and metals traders. According to Lisa Reisman, a co-author of the whitepaper and in full disclosure, my wife, a “strange thing happened when we at MetalMiner began examining registrants to our new global metals pricing index, MetalMiner IndX. A number of oil and gas, petrochemical and energy concerns all registered -- some with seemingly no products in their portfolio containing metal. So we made a few phone calls to better understand why all these global corporations had signed up to use the IndX. Their responses surprised us. Several of these firms indicated the need to take a far more strategic look at the material elements of their large Major Capital Projects, (MCP) and MRO turnarounds for e.g. ethylene crackers, furnace equipment repairs etc. And in particular, they needed a better understanding of the metal costs which often represent tens of millions of dollars for each project.” Need savings and category strategies in these areas? Read on. You can register to download the whitepaper by clicking here.

Jason Busch

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