Risk Assessment of Chemical (H3po3) Plant and Storage Tank Hazards

Authors- Rutuja Kekare, S.V.Anekar, M.A.Patil

Abstract-Consequence analysis is a critical technique used to systematically evaluate the potential outcomes of hazardous events in industrial settings, such as chemical plants and storage tanks. This method involves predicting the magnitude and scope of consequences resulting from hazardous events, as well as estimating the likelihood or frequency of such occurrences. By grouping similar hazardous events, analysts can assess representative or bounding scenarios, providing a more comprehensive understanding of potential risks. Consequence analysis is typically carried out using specialized third-party software for consequence modeling and frequency assessment, although spreadsheets are often employed for certain calculations. This approach plays a pivotal role in ensuring safety, optimizing risk management strategies, and enhancing decision-making processes in industries dealing with hazardous materials.

DOI: /10.61463/ijset.vol.12.issue5.255