Petrochemical

Location: Buenos Aires, Argentina

• Fire at the hydrogen production cell at a large polypropylene plant resulted in a loss of downstream profits from finished products;
• Measurement of business interruption loss from polypropylene production.

Quantum:

• In excess of US$3,000,000

Unique Aspects of Engagement:

• Identified higher-than-expected gross profit due to strong demand and increased prices leading to under insurance;
• Worked closely with the insured’s linear planning engineers and internal accountants to quantify lost polypropylene production.