This reference outlines the fundamental concepts and strategies for economic assessments for informed management decisions in industry. The book illustrates how to prepare capital cost and operating expense estimates, profitability analyses, and feasibility studies, and how to execute sensitivity and uncertainty assessments. From financial reports to opportunity costs and engineering trade-offs, Process Engineering Economics considers a wide range of alternatives for profitable investing and for projecting outcomes in various chemical and engineering fields. It also explains how to monitor costs, finances, and economic limitations at every stage of chemical project design, preparation, and evaluation.
Economic evaluation is necessary in deciding whether to pursue proposed business ventures. No business is too small to ignore economic evaluation, none too large to override it. This book describes how economic evaluations are performed in the chemical processing industries and illustrates them by appropriate examples. It stresses methods actually employed in real situations and suggests how results can be interpreted. To the extent possible the authors use common business language rather than specialized terms in order that new concepts will be more readily understood by those encountering the subject for the first time.
Economic evaluation is necessary in deciding whether to pursue proposed business ventures. No business is too small to ignore economic evaluation, none too large to override it. This book describes how economic evaluations are performed in the chemical processing industries and illustrates them by appropriate examples. It stresses methods actually employed in real situations and suggests how results can be interpreted. To the extent possible the authors use common business language rather than specialized terms in order that new concepts will be more readily understood by those encountering the subject for the first time.
This complete revision of Applied Process Design for Chemical and Petrochemical Plants, Volume 1 builds upon Ernest E. Ludwig's classic text to further enhance its use as a chemical engineering process design manual of methods and proven fundamentals. This new edition includes important supplemental mechanical and related data, nomographs and charts. Also included within are improved techniques and fundamental methodologies, to guide the engineer in designing process equipment and applying chemical processes to properly detailed equipment.All three volumes of Applied Process Design for Chemical and Petrochemical Plants serve the practicing engineer by providing organized design procedures, details on the equipment suitable for application selection, and charts in readily usable form. Process engineers, designers, and operators will find more chemical petrochemical plant design data in:Volume 2, Third Edition, which covers distillation and packed towers as well as material on azeotropes and ideal/non-ideal systems.Volume 3, Third Edition, which covers heat transfer, refrigeration systems, compression surge drums, and mechanical drivers.A. Kayode Coker, is Chairman of Chemical & Process Engineering Technology department at Jubail Industrial College in Saudi Arabia. He's both a chartered scientist and a chartered chemical engineer for more than 15 years. and an author of Fortran Programs for Chemical Process Design, Analysis and Simulation, Gulf Publishing Co., and Modeling of Chemical Kinetics and Reactor Design, Butterworth-Heinemann. - Provides improved design manuals for methods and proven fundamentals of process design with related data and charts - Covers a complete range of basic day-to-day petrochemical operation topics with new material on significant industry changes since 1995.
"Covers global and domestic competition, marketing strategies, operating expenses, and environmental and safety regulations for chemical professionals at all levels. Contains up-to-date mergers and acquisitions of chemical companies."
This volume will enable the reader to successfully undertake pre-project evaluations, especially in the areas of refining and petrochemistry. It encompasses all the essential steps: market analysis, comparative studies of technical and economic issues, sensitivity studies, sizing and costing of the equipment required for an industrial-scale plant, estimation of capital spending, calculation of costs and sales prices, etc. The first edition of this manual proved to be a very valuable teaching tool for universities and advanced engineering and business schools, both in France and abroad. It is essential for the rapid evaluation of the cost and profitability of proposed plants and of those already in operation. It has been widely used by engineers, consulting firms, and corporate research and development departments. Its status as the only current publication that covers all the steps involved in the economic evaluation of projects will render it particularly valuable to its users. It will quickly become indispensable to everyone whose job it is to evaluate the economic impact of the development, cancellation or reorientation of a project.Contents: 1. Market analysis. 2. The elements of economic calculation. 3. The determination of battery limits investments. Appendix 1. Functional modules method (FMM). Appendix 2. PrE-estime method. Bibliography. Index
Chemical Engineering Design, Second Edition, deals with the application of chemical engineering principles to the design of chemical processes and equipment. Revised throughout, this edition has been specifically developed for the U.S. market. It provides the latest US codes and standards, including API, ASME and ISA design codes and ANSI standards. It contains new discussions of conceptual plant design, flowsheet development, and revamp design; extended coverage of capital cost estimation, process costing, and economics; and new chapters on equipment selection, reactor design, and solids handling processes. A rigorous pedagogy assists learning, with detailed worked examples, end of chapter exercises, plus supporting data, and Excel spreadsheet calculations, plus over 150 Patent References for downloading from the companion website. Extensive instructor resources, including 1170 lecture slides and a fully worked solutions manual are available to adopting instructors. This text is designed for chemical and biochemical engineering students (senior undergraduate year, plus appropriate for capstone design courses where taken, plus graduates) and lecturers/tutors, and professionals in industry (chemical process, biochemical, pharmaceutical, petrochemical sectors). New to this edition: - Revised organization into Part I: Process Design, and Part II: Plant Design. The broad themes of Part I are flowsheet development, economic analysis, safety and environmental impact and optimization. Part II contains chapters on equipment design and selection that can be used as supplements to a lecture course or as essential references for students or practicing engineers working on design projects. - New discussion of conceptual plant design, flowsheet development and revamp design - Significantly increased coverage of capital cost estimation, process costing and economics - New chapters on equipment selection, reactor design and solids handling processes - New sections on fermentation, adsorption, membrane separations, ion exchange and chromatography - Increased coverage of batch processing, food, pharmaceutical and biological processes - All equipment chapters in Part II revised and updated with current information - Updated throughout for latest US codes and standards, including API, ASME and ISA design codes and ANSI standards - Additional worked examples and homework problems - The most complete and up to date coverage of equipment selection - 108 realistic commercial design projects from diverse industries - A rigorous pedagogy assists learning, with detailed worked examples, end of chapter exercises, plus supporting data and Excel spreadsheet calculations plus over 150 Patent References, for downloading from the companion website - Extensive instructor resources: 1170 lecture slides plus fully worked solutions manual available to adopting instructors
Process Industry Economics: Principles, Concepts and Applications, Second Edition, explores the fundamentals of market evaluation, capital and operating cost estimation, and profitability evaluation, along with their implications for process technology evaluation, project development and investment decisions. Sections cover time dependent technology evolution in process plants, including scale development, performance improvement in new and operating plants, and learning related to environmental, safety and sustainability assessments. Influences on capital investment decisions, including capacity planning and environmental considerations are explored and supported by case studies. Finally, the aspects of overall industry performance and drivers are discussed. - Outlines the basic principles of economic evaluation - Identifies the roles of engineering, scientific, commercial and management personnel in contributing to economic evaluation - Explores the interaction of economics with safety, environmental and sustainability criteria in project evaluation
Dynamic Risk Analysis in the Chemical and Petroleum Industry focuses on bridging the gap between research and industry by responding to the following questions: - What are the most relevant developments of risk analysis? - How can these studies help industry in the prevention of major accidents? Paltrinieri and Khan provide support for professionals who plan to improve risk analysis by introducing innovative techniques and exploiting the potential of data share and process technologies. This concrete reference within an ever-growing variety of innovations will be most helpful to process safety managers, HSE managers, safety engineers and safety engineering students. This book is divided into four parts. The Introduction provides an overview of the state-of-the-art risk analysis methods and the most up-to-date popular definitions of accident scenarios. The second section on Dynamic Risk Analysis shows the dynamic evolution of risk analysis and covers Hazard Identification, Frequency Analysis, Consequence Analysis and Establishing the Risk Picture. The third section on Interaction with Parallel Disciplines illustrates the interaction between risk analysis and other disciplines from parallel fields, such as the nuclear, the economic and the financial sectors. The final section on Dynamic Risk Management addresses risk management, which may dynamically learn from itself and improve in a spiral process leading to a resilient system. - Helps dynamic analysis and management of risk in chemical and process industry - Provides industry examples and techniques to assist you with risk- based decision making - Addresses also the human, economic and reputational aspects composing the overall risk picture
Sustainability in the Design, Synthesis and Analysis of Chemical Engineering Processes is an edited collection of contributions from leaders in their field. It takes a holistic view of sustainability in chemical and process engineering design, and incorporates economic analysis and human dimensions. Ruiz-Mercado and Cabezas have brought to this book their experience of researching sustainable process design and life cycle sustainability evaluation to assist with development in government, industry and academia. This book takes a practical, step-by-step approach to designing sustainable plants and processes by starting from chemical engineering fundamentals. This method enables readers to achieve new process design approaches with high influence and less complexity. It will also help to incorporate sustainability at the early stages of project life, and build up multiple systems level perspectives. Ruiz-Mercado and Cabezas' book is the only book on the market that looks at process sustainability from a chemical engineering fundamentals perspective. - Improve plants, processes and products with sustainability in mind; from conceptual design to life cycle assessment - Avoid retro fitting costs by planning for sustainability concerns at the start of the design process - Link sustainability to the chemical engineering fundamentals
