Incorporating Future Climate Scenarios in Oil Industry’s Risk Assessment: A Greek Refinery Case Study

The impacts of climate change are anticipated to become stronger in the future, leading to higher costs and more severe accidents in the oil industry’s facilities and surrounding communities. Motivated by this, the main objective of this paper is to develop, for the oil industry, a risk assessment m...

Descripción completa

Guardado en:
Detalles Bibliográficos
Autores principales: Theodoros Katopodis, Emmanuel D. Adamides, Athanasios Sfetsos, Antonios Mountouris
Formato: article
Lenguaje:EN
Publicado: MDPI AG 2021
Materias:
Acceso en línea:https://doaj.org/article/36ac00b9e93e48759342ace0853c3560
Etiquetas: Agregar Etiqueta
Sin Etiquetas, Sea el primero en etiquetar este registro!
id oai:doaj.org-article:36ac00b9e93e48759342ace0853c3560
record_format dspace
spelling oai:doaj.org-article:36ac00b9e93e48759342ace0853c35602021-11-25T19:04:38ZIncorporating Future Climate Scenarios in Oil Industry’s Risk Assessment: A Greek Refinery Case Study10.3390/su1322128252071-1050https://doaj.org/article/36ac00b9e93e48759342ace0853c35602021-11-01T00:00:00Zhttps://www.mdpi.com/2071-1050/13/22/12825https://doaj.org/toc/2071-1050The impacts of climate change are anticipated to become stronger in the future, leading to higher costs and more severe accidents in the oil industry’s facilities and surrounding communities. Motivated by this, the main objective of this paper is to develop, for the oil industry, a risk assessment methodology that considers future climate projections. In the context of an action research effort, carried out in a refinery in Greece, we adapted the organization’s extant risk management approach based on the Risk Assessment Matrix (RAM) and suggested a risk quantification process that incorporates future climate projections. The Climate Risk Assessment Matrix (CRAM) was developed to be used to assess the exposure of the facility’s assets, including human resources, to future climate risks. To evaluate CRAM, a comparison with RAM for the specific organization for the period 1980–2004 was made. Next, the application of CRAM for the period 2025–2049 indicated that, even though the resilience of the operations of the company to extreme conditions seems adequate at present, increased attention should be paid in the future to the resilience of refinery processes, the cooling system, and human resources. Beyond the specific case, the paper provides lessons for similar organizations and infrastructures located elsewhere.Theodoros KatopodisEmmanuel D. AdamidesAthanasios SfetsosAntonios MountourisMDPI AGarticleclimate changehazardscritical infrastructuresoil industryrisk matrixclimate risk assessmentEnvironmental effects of industries and plantsTD194-195Renewable energy sourcesTJ807-830Environmental sciencesGE1-350ENSustainability, Vol 13, Iss 12825, p 12825 (2021)
institution DOAJ
collection DOAJ
language EN
topic climate change
hazards
critical infrastructures
oil industry
risk matrix
climate risk assessment
Environmental effects of industries and plants
TD194-195
Renewable energy sources
TJ807-830
Environmental sciences
GE1-350
spellingShingle climate change
hazards
critical infrastructures
oil industry
risk matrix
climate risk assessment
Environmental effects of industries and plants
TD194-195
Renewable energy sources
TJ807-830
Environmental sciences
GE1-350
Theodoros Katopodis
Emmanuel D. Adamides
Athanasios Sfetsos
Antonios Mountouris
Incorporating Future Climate Scenarios in Oil Industry’s Risk Assessment: A Greek Refinery Case Study
description The impacts of climate change are anticipated to become stronger in the future, leading to higher costs and more severe accidents in the oil industry’s facilities and surrounding communities. Motivated by this, the main objective of this paper is to develop, for the oil industry, a risk assessment methodology that considers future climate projections. In the context of an action research effort, carried out in a refinery in Greece, we adapted the organization’s extant risk management approach based on the Risk Assessment Matrix (RAM) and suggested a risk quantification process that incorporates future climate projections. The Climate Risk Assessment Matrix (CRAM) was developed to be used to assess the exposure of the facility’s assets, including human resources, to future climate risks. To evaluate CRAM, a comparison with RAM for the specific organization for the period 1980–2004 was made. Next, the application of CRAM for the period 2025–2049 indicated that, even though the resilience of the operations of the company to extreme conditions seems adequate at present, increased attention should be paid in the future to the resilience of refinery processes, the cooling system, and human resources. Beyond the specific case, the paper provides lessons for similar organizations and infrastructures located elsewhere.
format article
author Theodoros Katopodis
Emmanuel D. Adamides
Athanasios Sfetsos
Antonios Mountouris
author_facet Theodoros Katopodis
Emmanuel D. Adamides
Athanasios Sfetsos
Antonios Mountouris
author_sort Theodoros Katopodis
title Incorporating Future Climate Scenarios in Oil Industry’s Risk Assessment: A Greek Refinery Case Study
title_short Incorporating Future Climate Scenarios in Oil Industry’s Risk Assessment: A Greek Refinery Case Study
title_full Incorporating Future Climate Scenarios in Oil Industry’s Risk Assessment: A Greek Refinery Case Study
title_fullStr Incorporating Future Climate Scenarios in Oil Industry’s Risk Assessment: A Greek Refinery Case Study
title_full_unstemmed Incorporating Future Climate Scenarios in Oil Industry’s Risk Assessment: A Greek Refinery Case Study
title_sort incorporating future climate scenarios in oil industry’s risk assessment: a greek refinery case study
publisher MDPI AG
publishDate 2021
url https://doaj.org/article/36ac00b9e93e48759342ace0853c3560
work_keys_str_mv AT theodoroskatopodis incorporatingfutureclimatescenariosinoilindustrysriskassessmentagreekrefinerycasestudy
AT emmanueldadamides incorporatingfutureclimatescenariosinoilindustrysriskassessmentagreekrefinerycasestudy
AT athanasiossfetsos incorporatingfutureclimatescenariosinoilindustrysriskassessmentagreekrefinerycasestudy
AT antoniosmountouris incorporatingfutureclimatescenariosinoilindustrysriskassessmentagreekrefinerycasestudy
_version_ 1718410334155309056