An Introduction to the Process Safety Management Standard (psm)



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Large Property Losses in the Petroleum Industry 1987–1991

Refinery U.S.

Non-U.S

98

141

Petrochemical Plants U.S.

Non-U.S.

58

140

Terminals/Distribution U.S.

Non-U.S

83

182



Property Value Losses from 1987-1991 (Adjusted for inflation Jan 2002 $)

Refineries

$775,000,000

Petrochemical Plants

$1,417,000,000

Terminals/Distributions

$40,000,000

Off Shore Incidents

$512,000,000



Sources: U.S. PIRG, Irresponsible Care: the Failure of the Chemical Industry to Protect the Public from Chemical Accidents, Washington, D.C.: U.S. PIRG, April 2004, available at http://uspirg.org/usprig.asp?id2=12860&id3=USPIRG; and James C. Coco, Editor, The 100 Largest Losses 1972-2001: Large property damage losses in the hydrocarbon-chemical industries, Twentieth Edition, Marsh’s Risk Consulting Practice, February 2003.



Factsheet #3

Toxic Chemical Incidents Are Frequent

Both workers, as well as community residents, have reason to worry about chemical accidents.

One reason why is that there frequent releases involving petroleum and other hazardous substances.

The following chart shows the number of incidents reported to the National Response Center. The actual number of incidents may be higher.



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