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Wison starts site preparation for major project in Venezuela

Wison Engineering Services Co. (Shanghai, China; www.wison.com), the largest private sector chemical engineering, procurement and construction management (EPC) service provider in China, says that Wison Engineering Ltd., an indirectly non wholly-owned subsidiary of the company, has commenced the site construction activities of site preparation for the... More
Cost Engineering

Construction-Cost Indices

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... More
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Plant Cost Index

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Design, Engineering & Construction

Project Optimization Through Engineering

In the face of intense market pressures, companies are increasingly requiring their engineering organizations to complete capital projects more quickly, while spending less capital and creating systems that cost less to operate over the long run. They are also asked to do this with fewer engineers. While this “do more with less” philosophy may... More
Plant Watch, Mergers and Business News

MHI, Mitsubishi and GAP Insaat to build large-scale fertilizer plant in Turkmenistan

Mitsubishi Heavy Industries, Ltd. (MHI; Tokyo, Japan; www.mhi-global.com), working jointly with GAP Insaat Yatirim ve Dis Tiscaret A.S., a Turkish construction company and Mitsubishi Corp., will build large-scale ammonia and urea fertilizer production plants for Turkmenhimiya (TH), a state-owned chemical company in Turkmenistan. The EPCC (engineering... More
Latest News

AkzoNobel breaks ground on decorative paints plant in China

AkzoNobel N.V. (Amsterdam, the Netherlands; www.akzonobel.com) today broke ground on its new decorative paints site in Chengdu, Sichuan Province, China. The facility is part of an investment in excess of €50 million to build manufacturing facilities for both powder coatings and decorative paints.   Located in Qionglai... More
Plant Cost Index

Current Trends

The preliminary value for the June CE Plant Cost Index (CEPCI; the most recent available) rose 0.3% from the final May value, after gains the previous two months. Subcategories of the equipment... More
Project Management

Plan and re-plan

FRI is lucky to have survived a simple valve-tray project. A few years ago, the low-pressure (LP) test column stood empty, because there were no trays ready to be installed. The intention was to install a set of new valve trays of a very simple design, but when the column was empty, neither a design nor the actual trays existed. It took five months for the... More
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Citing data from the U.S. Federal Reserve (Washington, D.C.; www.federalreserve.gov), the American Chemistry Council (ACC; Washington...
Post Scripts & Corrections
Capital cost calculations I recently read the article “Capital Costs Quickly Calculated” [ Chem. Eng....

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