In This Section
Objectives
Deliverables
Value

Value

In addition to the deliverables sited on the Deliverables tab, the ASM Consortium provides value in many ways to members and companies that choose to implement ASM solutions and best practices.
 
Reduce production costs & variability by reducing risks and direct costs of plant incidents.
 
  • Estimated cost of incidents in the US w$20B annually
  • One incident cost a major petrochemical company $1.6B
  • Costs include; lost production, equipment repairs, regulatory fines, hazardous emissions, injury, death, litigation expenses, and brand damagew

Increase capacity

  • Allow safe operation closer to production limits
  • Regain lost 3% - 8% capacity by incident reduction
  • Reduction of minor, often unreported, abnormal situations
Bottom-line Impact to Industrial Sites: One incident can wipe out a plant’s profit for an entire year.