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Process Industry Economics

Principles, Concepts and Applications

  • 2nd Edition - May 16, 2020
  • Latest edition
  • Author: David Brennan
  • Language: English

Process Industry Economics: Principles, Concepts and Applications, Second Edition, explores the fundamentals of market evaluation, capital and operating cost estimation, and profi… Read more

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Description

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.

Key features

  • 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

Readership

Advanced chemical engineering students as well as engineers and scientists working in the process industries. A useful resource for non-technical personnel working in the process industry and related businesses

Table of contents

1. The scope of process industry economics2. Market Evaluation and Forecasting3. Capital Cost Estimation4. Operating Cost Estimation5. Evaluation of Project Profitability6. Some Worked Examples in Process Economics7. Process Technology Evolution and Adoption8. Capital Investment Decisions9. Industry Planning and Structure

Review quotes

"The book offers a solid foundation in process economic analysis as well as insight into decision-making in process industries. It is a strong guide with relevant, general principles that stand the test of time."—ChE Book Review

"This new 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."—ICP

Product details

  • Edition: 2
  • Latest edition
  • Published: May 16, 2020
  • Language: English

About the author

DB

David Brennan

Prof. David Brennan has worked in design, operations, and project evaluation roles within the chemical industry and chemical engineering design offices. His academic experience at RMIT and Monash Universities includes teaching design and process economics, and managing the design project. His research has covered aspects of process design, process economics, environmental assessment and sustainability, in a variety of contexts. Experience has been mainly in Australia, but has included exposure to process plants, businesses, academic institutions, and related personnel in UK, Europe, and USA.
Affiliations and expertise
Associate Professor, Department of Chemical Engineering, Monash University, Australia

View book on ScienceDirect

Read Process Industry Economics on ScienceDirect