How Refinery Turnaround Management Can Reduce Your Bottom Line
Posted on: 15 July 2020
Turnaround (TAR) for refineries and other industrial plants are an important part of scheduled maintenance and repair if not complete revamping of your refinery's practices. These periods can be difficult to manage and expensive, as they are frequently individualized according to specific, time-dependent needs. Here are three ways that a refinery turnaround management service can help reduce your bottom line.
Higher Expertise Means Less Margin Of Error
Refinery TAR management services are well-equipped to handle the specific needs of your refinery because the TAR is not an interruption of a usually busy and possibly lucrative business week but a normal work project for them. Even if you are working with a brand-new management service, they should have experienced refinery TAR before and have some idea as to what needs to be done. As such, this regular and repeated experience with refinery TAR means there is much less chance of an error that stops production for even longer or even requires extra repairs.
More Experience Means Less Time Taken
The experience that TAR management services have with TAR cycles and their requirements means that they do not have to take much time to acquaint themselves with what your refinery needs. They may be unfamiliar with your refinery itself, but they will have more experience with the actual turnaround process including inspections, permits, and adjustments to the number of people needed over time. Additionally, they won't be bothered by the interruption of normal work duties because to the management company, the TAR process is completely normal. All this means that there is less time taken out of your regular business schedule to handle the turnaround, which means less revenue lost.
Compliance Is Cheaper
Finally, one of the best reasons to hire a refinery turnaround management service is because they are more familiar with the requirements for each refinery in terms of short-term and long-term maintenance and compliant practices. Compliance may be expensive and getting more costly by the year, but non-compliance can carry far heftier fines. Additionally, this non-compliance when done repeatedly can lead to an even longer shutdown of the refinery, either to fix the long-term issues that are now out of control or due to legal issues.
Overall, there are many reasons to hire a refinery turnaround management service. You may be able to handle your own refinery's turnaround requirements, but outsourcing this process means that you have experts more than able to lower your bottom line by reducing the margin of error, the time your refinery is out of production, and any possible non-compliance costs.
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