Final answer:
Most process equipment in Alberta is indeed inspected under an owner-user's CAP or by third-party inspection companies with a CAP, as this is a regulatory requirement for safety.
Step-by-step explanation:
The statement that most process equipment installed in Alberta is inspected under an owner-user's Certificate of Authorization Permit (CAP) or by inspection companies that hold a CAP is true. In Alberta, process equipment such as pressure vessels, boilers, and pressure piping systems are heavily regulated for safety reasons. These inspections ensure the integrity and safety of the equipment used in various industries, including oil and gas and chemicals.
Companies that operate such equipment may have their own CAP, which allows them to perform their own inspections following the standards and regulations set by the Alberta Boilers Safety Association (ABSA) or other regulatory bodies. Similarly, third-party inspection companies can also hold a CAP to conduct inspections on behalf of other companies. This regulatory approach helps maintain high safety standards while also giving flexibility to equipment owners.