Process Industry Economics

"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