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A listing in reverse chronological order of articles by:
Green is “In”.
Consumers, retail stores, and corporate policies are all going green.
But just because you have a green technology does not mean you have ZERO risks. Let me give you a couple of examples.
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Even as I write this article, jobs in industries ranging from entertainment and media to manufacturing and medicine are being transformed by artificial intelligence (AI) and its many iterations. Many people don’t even know they are already in a competition with AI and that several facets of their job are already being accomplished by a digital application or intelligent machine. Workers will not be able to outpace these machines simply by working longer hours or moving faster on the assembly line.
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A few weeks ago, I had written about a recent fire at the alkylation unit in Citgo’s Corpus refinery, and raised the question about HF usage. Today, I would like to further delve into the alternate technologies for alklyation and also take this opportunity to summarize feedback I have received from a few readers: Mike Bordeaux, Sujith Panikkar, Menno van der Hauw, and Fabienne Salimi.
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Becoming a risk manager can seem to be more art than science. There’s not a clear pathway from degree to junior risk manager to senior risk manager to CRO (Chief Risk Officer) in the same way that you can chart the progress from freshly minted CPA (Certified Public Accountant) to head of Ernst & Young. (Financial risk management is the exception here as there is usually a clear path there.)
So why is the risk manager career path fuzzy compared to other professions?
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A chemical facility is mandated to have an emergency response plan by OSHA PSM and EPA RMP. An accident in the plant, a hurricane, and a potential terrorist attack are a few scenarios that mandate emergency response and planning. However, there is a vast difference between having an emergency plan and having a plan that works.
Read the remainder of the article to find out if your facility’s emergency plan is an effective one.
[Read more…]Googling ‘what is a risk manager?’ will get you variations on ‘it’s the person who manages that organization’s risks,’ which is a pretty weak answer. It’s certainly not enough to help anyone who’s just starting in the role to understand what they’re supposed to do. Similarly, if someone’s thinking about this as a career, we need a bit more.
So here’s a more detailed answer.
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Process Safety has evolved significantly since the introduction of PSM in 1992. Here are top five challenges facing the process safety community today.
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It’s January 2020. I have just made a pitch to the corporate big-wigs for a way to reduce their real-estate costs (premises including rent and utilities), their corporate travel costs, even their carbon footprint using the latest telephony and collaborative applications. I postulate that they will even see an increase in productivity while improving their employee’s work-life balance; no more one-hour commutes each way.
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Reactive chemicals refer to chemicals that can react with self or with other chemicals or contaminants leading to extremely high reaction rates. The high reaction rates in turn can lead to overpressure within the vessel and possible explosion. As a graduate student, I looked at behavior of reactive chemical hydroxylamine which was involved in an explosion at Concept Sciences facility in Allentown, PA.
Take a look at the following video on how hydroxylamine reacts upon addition of metal solution.
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“Man measures time by happiness or sorrow, tranquility or torture. The one is past and gone so quickly that is seldom seized and savored while the other turns the hours into days and the weeks into years”. This was written by Major Pat Reid in “The Colditz Story” and, while it comes from a time of internment at a dark time in history the same is true today.
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Many valuable lessons can be learned from the failures of risk governance in Australian banks.
The Commonwealth Bank of Australia (CBA) and Westpac Banking Corporation (Westpac), two of the largest banks in Australia had to provide Court Enforceable Undertakings in May 2018 and December 2021 respectively to the Australian Prudential Regulation Authority (APRA).
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Hurricanes pose serious risks to physical assets in chemical plants and refineries. During hurricanes, plant equipment can be damaged by high winds and/or flood waters. I’m hoping your refinery has adequate protection against flooding…so let us see what risks are posed by high winds.
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The World Economic Forum has conducted a Global Risk Survey since 2006. This is the fifteenth survey. The responses are from 650 members of the World Economic Forum. In the preface to the 2021 Global Risk Report it is noted that: “In 2006, the Global Risks Report sounded the alarm on pandemics and other health-related risks.” (1) With this context in mind, the 2021 risk analysis “centers on the risks and consequences of widening inequalities and societal fragmentation. In some cases, disparities in health outcomes, technology, or workforce opportunities are the direct result of the dynamics the pandemic created.” (2)
This piece will review the results of the 2021 Global Risk Survey. It will also discuss some of the issues surrounding the survey.
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There is a big difference between proactively mitigating risks vs. reacting to incidents. Why do corporations wait to take active safety measures till an incident occurs? Because being proactive is hard…very hard and requires a lot of discipline.
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