Petrochemical Product Costing & Profitability
Course Info
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Course Details
Introduction
Objective
Who should attend
Volatile markets, high operational costs, and complex production chains—these are the daily realities of the petrochemical industry. In such an environment, success isn’t just about producing; it’s about knowing exactly how much it costs to produce and how to maximize profitability. Understanding petrochemical product costing and profitability is critical for making informed decisions that drive efficiency, competitiveness, and growth.
The “Petrochemical Product Costing & Profitability” course by LPC Training is a five-day program designed to equip professionals with the tools and methods to analyze, manage, and optimize costs in petrochemical operations. Participants will explore cost components, compare traditional and activity-based costing, and apply advanced technologies for cost allocation.
Through practical exercises and case studies, the course covers profitability metrics, pricing strategies, cost control methods, and capital investment appraisal techniques such as NPV and IRR. By the end, you will be able to align costing and profitability with corporate strategy and make smarter, data-driven financial decisions in the petrochemical sector.
Course Outline
Fundamentals of Petrochemical Costing
- Introduction to petrochemical industry structure and operational value
- Identifying cost components in petrochemical industry
- Reviewing product cost classifications:
- Direct and indirect costs
- Fixed and variable costs
- Detailing product costing techniques and their importance to petrochemicals
- Discussing profitability analysis in petrochemical operations
- Examining challenges in petrochemical product costing
