Chemicals and Refining

• Oil Refinery Explosion, Chemical Release, and Root Cause Analysis Challenge: A major oil refinery experienced a catastrophic explosion in Superior, Wisconsin, resulting in extensive property damage, injuries to over 70 workers, and the evacuation of 27,000 residents due to a release of hazardous chemicals into the community. Solution: EPS conducted an insightful forensic investigation accurately, determining the root causes of the equipment failures, operational procedures, safety procedure failures, generation of blast waves, and the release of hazardous chemicals. Result: EPS's investigation and testimony provided prevailing testimony for four lawsuits, including a class action for the community and three workplace injury lawsuits for contract workers.
• First-of-a-Kind (FOAK) IsoAlky Retrofit Project Appraisal Challenge Challenge: A global energy firm faced significant discrepancies in the valuation of their first-of-a-kind IsoAlky Retrofit Project by a taxing authority, which did not account for atypical costs associated with the pioneering energy technology. Solution: EPS conducted a detailed technical assessment and financial appraisal of the first-of-a-kind technology, distinguishing typical from atypical expenses in the $560 million construction, and applied fair market value principles to establish the correct valuation. Result: EPS’s analysis demonstrated the proper taxable value of the construction work in progress (CWIP), significantly reducing the client's ad valorem assessment by correcting the inflated valuation initially set by the taxing authority.

Industries We Serve

• Petrochemicals
• Fine Chemicals
• Specialty Chemicals
• Pharmaceuticals
• Agrochemicals
• Polymers and Plastics
• Bulk Inorganic Chemicals
• Bio-based Chemicals

Our Services Include