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Knowledge Center: Plan to Improve Plant Reliability

The pressure is higher than ever on refineries and chemical plants (and industry in general) to keep producing at maximum rates. Prices and margins for many products are at record highs and the opportunity cost of an unplanned shutdown can be very high. World-class successful plants follow a plan for reliability. This article describes and categorizes the main economic benefits of an asset performance program. It also defines a reliability plan as a business process that offers a strategic approach to a living reliability plan used by world-class successful companies to achieve the benefits.
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