An Integrated Technical and Societal Risk Index for Ranking Major Accident Risks in Chemical Process Industries

Major accidents in the chemical process industry occur with low frequency but may lead to severe damages affecting a myriad of stakeholders. Managing major accident risks of chemical industrial systems is regulated in the Seveso Directive of the European Union. However, the conventional risk assessment mainly focuses on the objective aspects of risks and lacks in incorporating public concerns and context-related issues. Aiming to overcome this limitation and enhance the public’s engagement and trust in risk assessment and management, the present study built an integrated risk index for ranking risks considering both technical aspects and societal concerns. A hypothetical case-study is used to demonstrate the application of the proposed risk index. At last, the outcomes of using the integrated risk index and the conventional risk assessment approach are compared and discussed.