In 2003, Marsh Insurance published a study of 100 accidents in petrochemical facilities that were caused by mechanical integrity failures. The average cost for physical damage alone was the equivalent of over $116 million in today’s dollars. The estimated costs became even more staggering when loss of production was added, not to mention the safety threat.
The petrochemical industry has come a long way since then, but mechanical integrity is still of vital concern for both safety and facility performance. Although piping failures account for a majority of these petrochemical losses according to the Center for Chemical Process Safety, applying the best practices of ensuring mechanical integrity to all your equipment and structures can save you money and prevent significant down time.
This includes considering how you can protect your investment in your temporary fabric structures by making sure they are installed correctly and regularly inspected.