FEP lined butterfly valve FEP is terms used in the field of radioactive waste management to define relevant scenarios for safety assessment studies. For a radioactive waste repository, features would include the characteristics of the site, such as the type of soil or geological formation the repository is to be built on or under. Events would include things that may or will occur in the future, like, e.g., glaciations, droughts, earthquakes, or formation of faults. Processes are things that are ongoing, such as the erosion or subsidence of the landform where the site is located on, or near.