Meaning of “On-Stream Factor” for Process Plants The on-stream factor or on-stream time is a key performance parameter used in the process industries (e.g., oil refining, petrochemicals, power plants) to measure the
Step 1: Application Program Safety Requirements Objective: To specify application program safety requirements for each SIS necessary to implement the required SIF. To specify the requirements for the application program
The Safety Instrumented System Safety Lifecycle defines the necessary activities involved in the implementation of SIF occurring during a period of time that starts at the concept phase of a
A Comprehensive Guide to Petroleum Refinery Economics for Professionals The success of a refinery depends on optimizing costs, maximizing product yields, and responding effectively to market dynamics. Understanding key economic
The development of the SIS SRS is one of the most important activities of the whole SIS safety life cycle. It is through this specification that the user is able
How to Use a Risk Matrix to Determine SIL? Safety Integrity Levels (SIL) are critical for ensuring that industrial processes meet acceptable safety standards. A risk matrix is one of
Gross Refinery Margin (GRM), also known as Gross Processing Margin, is a key performance indicator in the refining industry. It represents the difference between the value of petroleum products produced
Fault Tree Analysis (FTA) is a systematic and graphical method used to identify potential causes of system failures. It is widely utilized in industries such as aerospace, nuclear power, and
Using simplified data, the Simplified LOPA technique analyses one initiating event and one consequence scenario. Despite its simplicity, it can consistently determine a semi-quantitative estimate of risk and list the
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