Maintenance spending to jump in 2016 as refiners catch up with turnarounds

摘要

Maintenance expenditures are a proactive expense to maintain equipment and processing units. They play a pivotal role in maintaining plant efficiency and sound unit operation, maximizing facility profits and preventing accidents and breakdowns. It is estimated that over 40% of a budget that is allotted for facility and unit maintenance is spent on equipment and materials. Equipment and infrastructure spending represent large portions of a facility's capital budget (FiG. 1). These include the costs for planned and unplanned plant turnarounds, retrofits and upgrades.