Section 2Engineering Economic Analysis of Chemical Processes
In this section, we concentrate on the evaluation of the economics of a chemical process. In order for a chemical engineer or cost engineer to evaluate the economic impact of a new (or existing) chemical process, certain technical information must be available. Although this information is gleaned from a variety of sources, it is generally presented in the form of the technical diagrams discussed in Chapter 1.
In the chapters of this section, methods to evaluate the economics of a chemical process are covered. The term economics refers to the evaluation of capital costs and operating costs associated with the construction and operation of a chemical process. The methods by which the ...
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