“About 25% of turnaround projects run over-budget, and more than 50% fail to meet targeted schedules—mainly due to discovery and emergent work during turnaround execution,” said Johan Claassen, VP, Global Lifecycle Services, Emerson Automation Solutions. “We can now provide customers scope assurance across all their asset classes to avoid last minute surprises during turnaround execution.”
Emerson is expanding its capability to provide predictive diagnostics, data analytics, and scope planning expertise to these critical assets. Emerson’s comprehensive strategy is to leverage the investment in automation and analytics used to operate the plant to transform the planning and execution of turnarounds by combining this with deep industry expertise, proven work practices and broad portfolio of lifecycle services offerings.
On an average turnaround, these benefits could save $3.1 million in labor and materials and shorten the schedule by at least two days. According to Emerson, these savings multiplied across an estimated 8,000 turnarounds performed annually could save customers as much as $25 billion per year in opportunity costs across all process industries worldwide.