23 Jun Gulf Coast Oil Refinery
Gulf Coast Oil Refinery Saves $70,000 with Removable Insulation
A Gulf Coast oil refinery expansion project consisting of 1,000 valves and flanges looked at the labor cost comparison between Removable Insulation Blankets and traditional insulation. The removable insulation blankets were shown to pay for themselves in labor savings in one removal and reinstallation cycle. Because removable Insulation blankets reduce labor hours so dramatically, Refineries see approximately $70,000 in labor cost savings after every maintenance cycle. You can see why so many companies turn to Coverflex for help.
“Gulf Coast oil refinery expansion project consisting of 1,000 valves and flanges. Removable Insulation Blankets were shown to pay for themselves in labor savings in one removal/reinstallation cycle.”
Plant Managers and Operators should spend money wisely. Purchasing removable insulation blankets for valves, flanges and other frequently maintained equipment is a financially safe investment. In fact, we feel so confident in our blanket quality we feel Operators should request Coverflex on any equipment that requires frequent maintenance. The investment will quickly contribute to the company’s bottom line.
700% ROI on Removable Insulation Blankets
In some cases, industrial facility operators choose not to use any insulation on valves, flanges and other frequently maintained equipment. While the operators may have seemingly good reasons to do so, the quantity of additional thermal heat loss and the value of that energy is extremely costly to the plant and the owners. The Oil Refinery in the Gulf Coast demonstrates a cost payback of about 1.5 months when insulating previously bare valves and flanges with removable insulation blankets. This represents approximately a 700% ROI.