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A Better Approach to the Risk Management Challenges of Industrial Parks

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An industrial park is a site zoned and developed for industrial use and accommodating several companies that are legally separate entities. Approximately 35 years ago, the industrial park model seemed to be a promising trend in industrial development, as it boasted the benefits of energy optimization, logistic convenience, and cost reductions related to economies of scale.

A Better Approach to the Risk Management Challenges of Industrial Parks

However, experience has shown that industrial parks harbor risks sometimes more difficult to counteract than those of individual plants.

Process safety management is complex and requires very careful identification of hazards, assessment of risks and implementation of risk management measures (such as Layers of Protection, or LoPs).

These measures need to be maintained throughout the operational life of the facility and revisited whenever there is a change in the process. A lack of expertise in process safety can easily lead to overprotection and overspending, or, at worst, safety loopholes.

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