Archives :: Business & Economics :: Cost Engineering
June 1, 2014
Cost estimation is a critical dimension of project planning in asset-heavy industries such as the chemical process industries (CPI). Construction cost indices are useful tools in cost estimation and are used to compare plant construction costs from one time period to another. Understanding them can improve the accuracy of the cost estimates, as well as the effectiveness with which they are applied. This...
April 24, 2014
Most chemical processes are born in the laboratory. The challenge for engineers is to then convert the laboratory method into a large and economically sound industrial process. Unfortunately, many promising technologies never see the light of day; some because of perpetual piloting programs aimed at solving minute process issues, others due to unanticipated technical problems resulting from fast-tracking...
December 1, 2013
The topic of carrying out process engineering calculations in the most effective manner can be considered in these four ways: 1. The purpose of the calculation 2. The content of the calculation 3. The method used to carry out the calculation 4. The performer of the calculation The purpose of the calculation Engineers typically carry out calculations for a variety of purposes including the following...
September 27, 2011
In today’s economy, businesses have become more cash-conscious. The focus on expenses has become increasingly important to the bottom line. Typically, the top three business expenses are wages, raw material costs and taxes. If jobs are cut, or raw material purchases are reduced, margins may be salvaged in the short term, but over a period of time, lack of inventory and production shutdowns can prove...
July 1, 2010
With bio-based chemical production growing, and several newer companies ready to enter commercial production, indications are that biologically derived chemicals will be an increasing force in the petrochemicals market. But bio-based chemical producers must confront the bottom-line requirements of product performance and cost, rather than riding their products’ environmental benefits. Susan Sun...
Get more from Che.com
Get email updates in your inbox
Our LinkedIn group is now over 26,000 members strong!
- Join other CPI professionals from all over the globe and share best practices, expertise, concerns and more.
- Provide feedback to Chemical Engineering Editors
Current members represent Worley Parsons, DuPont, SABIC, Fluor, Air Products, LyondellBasell, Nalco, Dow Chemical, Dow Corning, BASF, Jacobs Engineering, ExxonMobil, Shell, Chevron and more.
We also offer the following subgroup for more targeted discussions: