The Ageing Plant Dilemma: Balancing Risk and Reward

This episode explores the challenges and strategies associated with managing ageing industrial equipment. The discussion focuses on the complexities of maintaining and upgrading ageing plant, particularly in industries such as petrochemicals and nuclear.

Guests: Nick Deavin (AWE) and Philip Enegela (INEOS)

Key topics discussed include:

• Defining ageing plant: The podcast clarifies the concept of ageing equipment, emphasizing that it's not solely related to chronological age but also factors like deterioration and obsolescence.
• Challenges of ageing plant: The experts highlight the difficulties of managing ageing equipment, including wear and tear, corrosion, and the integration of new and old components.
• Strategies for managing ageing plant: The discussion covers various strategies for managing ageing plant, such as risk assessment, investment planning, and technology upgrades.
• Human factors: The podcast also addresses the importance of human capital in managing ageing plant, including recruitment, training, and knowledge transfer.

Overall, the podcast provides valuable insights for industries dealing with ageing equipment, offering guidance on how to navigate the challenges and ensure the safe and efficient operation of their assets.