Risks of multiphase processes are based on the interaction between mas
s transfer, kinetics of chemical reactions, phase equilibrium and mult
iphase heat transfer. It is not sufficient to consider only kinetic te
rms in safety analysis of these processes. Besides events taking place
in the reactor, all important devices in the reactor periphery (heat
exchangers, pumps etc.) and all major functions of process control inc
luding the installed protective systems also have to be taken into acc
ount. Procedures and systems for early-warning and for avoidance and m
astering critical events can be defined and tested. The ethoxylation o
f fatty alcohols in a gas-liquid semibatch reactor is dicussed as an e
xample for the procedure of safety analysis by dynamic simulation of f
ailures.