When organizations truly understand the risk of their operations and take proactive action, the risk of an incident is decreased. Measuring leading indicators of major hazard risk is a focus of API Recommended Practice 754 (API RP 754), which is an invaluable tool for players in the refining and petrochemical industries. Within this article: How API RP 754 can reduce costs and increase profitability for refining and petrochemical companies, both large and small.
