Chemical Industry Asset Performance Management

The chemical industry has so much overlap with other industries that you could consider its boundaries to be debatable. Petrochemical companies cross paths with the oil & gas sector through the conversion of raw materials into base and specialty chemicals such as ethylene. The agricultural sector intersects in the production of pesticides and fertilizers. The FMCG industry convergences in for instance the production of hygienic agents and pharmaceuticals and manufacturing overlaps considerably through dyes, paints and the likes.

Whichever industry you identify with the most, the top priority for all chemical companies is the same: realize maximum productivity and profit while demonstrating safe practices. Asset management can be a huge contributor to that success.

Read our industry success stories

Discover your asset improvement potential

How we help

Reduce Total Cost of Ownership

MaxGrip has a great track record in the Oil, Gas and Chemical Industries to get lasting improvements in asset performance to drive down the bottom line. Some ways in which we help:

Our tailored Asset Improvement Program supports industrial organizations in realizing their business goals by improving asset performance and therewith help in maximizing production output.
Accelerate Digital Transformation through scoping and implementing Industry 4.0 solutions.
Compliance: fit/gap analysis, blueprinting, system and process improvements.
Adoption of change: we pay special attention to the workforce, their buy in for change and permanent motivation to get better results.
Risk-based Maintenance and Risk-Based Inspection programs to minimize risk.
Optimize uptime, improve interdisciplinary collaboration to drive efficiency and boost sustainability.
Creation of shared dashboards with accurate, enriched data to facilitate informed decision making and interdisciplinary collaboration.

Get in touch.

Alex Lemuz
Sales Manager - Americas

alex.lemuz@maxgrip.com
T: +1 832-933-1602

Schedule a chat with me

APM Challenges for Chemical Companies

Anticipate market volatility

Due to the volatile market, prices of raw materials fluctuate. It is therefore of paramount importance to companies in the chemical industry to be able to balance cost and optimize performance.

Sustainability

The chemical industry understands the opportunity that decarbonization can bring. Asset management can play an important role in making the energy transition into a lasting cost and performance improver. The reliability and efficiency of assets can be maximized through a solid improvement program including the implementation of Industry 4.0 solutions to accelerate the change.

Change management

With changes such as the energy transition, tightening budgets and digital transformation comes the need the evolve business processes, systems and tools. This will require the workforce to demonstrate a high level of adaptability.

Minimize risk

Minimizing risk, maximizing asset integrity and demonstrating compliance are necessities when working with chemical substances. Quality assurance and quality control are essential to avoid unsafe practices which can have a substantial effect on health, safety and the environment. In addition, chemical companies need to safeguard their reputation and meet the ever-changing regulatory requirements of local, national and international governments.

Data-driven asset management

Many industrial companies have only used the tip of the data iceberg. With the brain drain that occurs due to knowledgeable personnel retiring and the digitalization of the industry, the key to future-proof business practices and optimized performance is accurate, connected data. The IT data from Maintenance and OT data from Operations hold a fountain of knowledge and insights that, when connected and aligned, can bring companies a significant competitive advantage.

Meet the Organizations Already Boosting Their Performance with MaxGrip

Maintenance strategy for R&D facility improves maturity significantly

1,7 to 4,2 pts

on 5-pt scale scan

Chemical plant realizes maintenance maturity growth with Asset Improvement Program

10:90 to 50:50

PM:CM ratio improvement

Offshore facility extends asset life with 15 years

10%

cost reduction

More case studies

Services for every asset performance management challenge

Asset Improvement Program

Assess your organization, deploy improvements and realize sustainable performance

EAM Implementation and Deployment

Have your organization get the most out of your EAM system

Industry 4.0 Implementation and Adoption

Get internal buy-in for Digital Transformation

Asset Integrity & Assurance

Safeguard safety with optimized asset integrity management

Asset Management Training and Coaching

Have your staff raise the bar of asset management

M&RE Resource Augmentation

Bring in MaxGrip maintenance experts to get the job done

Demonstrate Compliance

Prove regulatory compliance and safe practices.

Other APM challenges

Is your challenge not mentioned? Get in touch with an expert and we will find a solution together.

Staying safe while realizing maximum production output