13/02 Webinar: Spotlight on Petrochemical Plants
Event Details
The chemical industry is the fifth-largest manufacturing sector in the world, directly contributing around USD 1 trillion to global GDP annually and employing 15 million people. Petrochemical production is expected to account for more than a third of growth in oil demand by 2030, according to IEA. Many oil producers are ramping up production of petrochemicals to extract more value from their energy resources and create a downstream industry. Petrochemicals are the ingredients used to make products that other industries process to manufacture everything from vehicles to flat-screen TVs. In the past, large petrochemical facilities have had a history of incurring substantial fire and explosion losses. Accidents in these volatile and hazardous industries have been known to cause injury to workers and significant financial losses. Investigating these losses is typically a lengthy and complex process that demands understanding of not only the volatile chemicals present at the scene, but also—and perhaps more importantly—an understanding of the processes in place.
Speaker
Mamoon Alyah, Managing Director of CEERISK Consulting has investigated several incidents in petrochemical plants around the world and will be sharing his experience dealing with the issues encountered when investigating losses at petrochemical plants. He will look at well-known incidents from around the world and share lessons extracted from these accidents, highlighting the challenges faced by insurers and loss adjusters. He will discuss the gaps created by incomplete risk surveys and suggest ways of bridging these gaps.
