In a recent study, Shell Lubricants discovered that six in 10 unplanned downtime occurrences over the past three years were the result of poor selection or management of lubricants. The study took in responses from power firms from Europe, Asia and the Americas and says that companies tend to underestimate the cost savings that could result from better quality lubricants. With power companies under pressure to ensure reliability, one in five incurred costs of over $1 million from unplanned downtime attributed to incorrect equipment lubrication. “Companies are not taking into account how much money they save by using less expensive lubricant additives such as synthetic oils with higher viscosity,” said Dr David Williams, senior lecturer at Imperial College London who led Two key barriers to maximising the cost-saving potential of lubrication procedures are insufficient employee expertise and a lack of correct procedures, says the study.
In a recent study, Shell Lubricants discovered that six in 10 unplanned downtime occurrences over the past three years were the result of poor selection or management of lubricants. The study took in responses from power firms from Europe, Asia and the Americas and says that companies tend to underestimate the cost savings that could result from better quality lubricants. “Companies are not taking into account how much money they save by using less expensive lubricant additives such as synthetic oils with higher viscosity,” said Dr David Williams, senior lecturer at Imperial College London who led Two key barriers to maximising the cost-saving potential of lubrication procedures are insufficient employee expertise and a lack of correct procedures, says the study.