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2 edition of method for estimating the capital cost of chemical process plants found in the catalog.

method for estimating the capital cost of chemical process plants

Gary John Petley

method for estimating the capital cost of chemical process plants

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by Gary John Petley

  • 40 Want to read
  • 19 Currently reading

Published .
Written in English


Edition Notes

Thesis (Ph.D.) - Loughborough University, 1997.

Statementby Gary John Petley.
ID Numbers
Open LibraryOL17341686M

The Fourth International Conference, Zurich, Switzerland, August , Pages FUZZY MODELS IN CAPITAL COST ESTIMATION OF CHEMICAL PLANTSCited by: 2. acetate Acetic acid Ammonium anhydrous annual production rate bags Calcium carbide capacity capital investment Carbonate cent of material cent return Chem Chemical Engineering Chemical Price Chemicals Continued chloride cost equals installation Cost Estimates cryst delivered Diameter Dimethyl ether direct plant cost drums Economic Evaluation.

Introduction. The cost-to-capacity method can be a very useful tool when developing elements of the cost approach in many valuations. It is a order-of-magnitude cost estimation tool that uses historical costs and capacity in order to develop current cost estimates for an entire facility or a particular piece of machinery or equipment [1]. The Lang Factor is an estimated ratio of the total cost of creating a process within a plant, to the cost of all major technical components. It is widely used in industrial engineering to calculate the capital and operating costs of a plant.. The factors were introduced by H. J. Lang and Dr Micheal Bird in Chemical Engineering magazine in as a method for estimating the total installation.

Equipment Cost Estimation Started by betty, Dec 17 e.g. there is need to estimate the capital cost of a carbon steel centrifugal pump, HP. For any kind of preliminary costing of chemical process equipment & plant, this book gives excellent material & should be a must read for any chemical engineer or chemical engineering student who. This report reviews literature on cost estimation in several areas involving major capital expenditure programs: energy process plants, major weapons systems acquisition, public works and larger construction projects, and cost estimating techniques and problems for chemical process plants.


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Method for estimating the capital cost of chemical process plants by Gary John Petley Download PDF EPUB FB2

THE FACTORIAL METHOD OF COST ESTIMATION Capital cost estimates for chemical process plants are often based on an estimate of the purchase cost of the major equipment items required for the process, the other costs being estimated as factors of the equipment cost.

The accuracy of this type of estimate will depend on what stage. Estimating Installed Costs: The Factorial Method. Before the chemical plants can be built, capital cost estimates must be made. This is done by using the factorial method. Accuracy and the reliability of the estimate will heavily depend on the availability of the data and the level of the design at the time.

Effect of Time• Time increases – cost increases (inflation)• Inflation is measured by cost indexes - Figure – Chemical Engineering Plant Cost Index (CEPCI) – Marshall and Swift Process Industry Index• Numbers based on “basket of goods” typical for construction of chemical plants.

the equipment capital cost for major process equipment found inside many process plants. Furthermore, a comparison to Aspen Capital Cost Estimation (ACCE) software package will be done as well. A major factor in deciding whether or not to build or expand any chemical/process plant is.

Suitable Method for Capital Cost Estimation in Chemical Processes Industries Research (PDF Available) September with 6, Reads How we measure 'reads'. Prepare a flow sheet for the process or operation to be estimated, showing all of the major equipment and whatever of the basic auxiliary or general plant facilities that directly affect the process (i.e., boilers for steam; cooling towers; special electric requirements, unusual storage facilities, transportation equipment, etc.).Author: Donald E.

Garrett. This method for estimating total investment requires the determination of the delivered equipment cost. The cost of purchased equipment is the basis of several pre design methods for estimating capital most accurate methods for determining process equipment costs is to obtain firm bids from fabricators or suppliers.

Preliminary Capital Cost Estimating”. While the source for the concept and the presented chemical process equipment costs. The U.S. Department of Energy published the summary table of historical CEPCI data2 show here: Let us take an illustrative example: Process Equipment Cost Estimating by Ratio and Proportion.

Chemical Processes Equipment Cost Estimation Using Parametric Models manufacturing equipment capital costs. This book will help chemical engineers optimize the efficiency of production.

5 Cost Estimation Method of Guthrie • Equipment purchase cost: Graphs and/or equations. Based on a power law expression: Williams Law C = BC =Co (S/So) αααα Economy of Scale (incremental cost C, decrease with larger capacities S) Based on a polynomial expression BC = exp {A 0 + A 1 [ln (S)] + A 2 [ln (S)]2 + } • Installation: Module Factor, MF, affected by BC, taking into accountFile Size: 2MB.

After the end of World War II, Hans J. Lang, an engineer for Day & Zimmermann, Inc. in Philadelphia, PA, wrote a series of articles 3, 4, 5 suggesting a simplified method for obtaining a quick estimate of approximate cost of process plants.

He went on to elaborate that the simplified method was not intended to replace preliminary estimates but. Then there is the cost, estimating, and estimate side, factor estimates, detail estimates, forced detail estimates, basis of estimate, construction wage rates, and so on.

Then there is the technical side, material issues, piping systems, equipment considerations, civil and structural, electrical and control systems, document control. As the number of shale-gas monetization options has increased, so has the need to develop quick, preliminary estimates of the cost of proposed projects and manufacturing pathways.

This article presents a method for an order-of-magnitude cost estimation. The method selected for estimating project capital costs is also based on the amount of time and resources to be devoted to the analysis.

A variety of cost estimating methods exists that can be grouped into three basic categories (Table 2).File Size: KB. COST ESTIMATION Cost Indexes Present Cost=(original cost at time t)* • Marshall and Swift. All industry-equipment index. Arithmetic average of 47 equipment types.

Process-industry equipment index. Weighted average of 8 of these: cement 2% paint 5% chemicals 48% paper 10% clay products 2% petroleum 22% glass 3% rubber 8% M&S was in File Size: KB. @article{osti_, title = {Handbook for quick cost estimates. A method for developing quick approximate estimates of costs for generic actions for nuclear power plants}, author = {Ball, J R}, abstractNote = {This document is a supplement to a ''Handbook for Cost Estimating'' (NUREG/CR) and provides specific guidance for developing ''quick'' approximate estimates of the cost of.

Conceptual Cost Estimating Manual 2nd Edition. #N#John S. Page (Author) › Visit Amazon's John S. Page Page. Find all the books, read about the author, and more. See search results for this author.

Are you an author. Learn about Author Central. John S. Page (Author) out of 5 stars 6 ratings. ISBN ISBN Cited by: Equipment Sizing and Capital Cost Estimation 2 Selection of Topics -depends on previous exposure to process economics Can begin with cost accounting–gives a good view of corporate finances and considerations when evaluating a potential design.

Given limited time–begin with equipment sizing and capital cost estimation. 32 Process Planning and Cost Estimation (c) Representational display: These are common in the chemical process industries (fertilizers, paint etc.).

These are used to give a pictorial diagram or working model of a process. They are ideally suited to large processes because they give an overall display of the process.

cost estimating together with a generic maturity and quality matrix that can be applied across a wide variety of industries. There are numerous ways of classifying the different types of capital cost estimates for chemical plants (Table 1).

Quantified predictions can only be done for a limited amount of time ahead, since uncertain marketFile Size: KB. U.S.

Energy Information Administration | Engineering Economic Analysis Guide: Liquid Fuels Technologies 6 This guide is intended to assist the analyst in .Capital-related elements such as taxes, insurance, depreciation, and working capital General, administration, selling, and research costs.

Operating cost correlations are presented on a U.S. basis for both chemical intermediate plants and specialty chemical plants.Known as the Blue Book this fourth edition continues with the endorsement from the Association of Cost Engineers.

The guide is designed to be an aid for student engineers in the design activities undertaken during their course and help young engineers in industry to compile their own set of cost data. With much of the material in the third edition retained, the major changes are: new cost data.