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About Suitable Method For Capital Cost Estimation in Chemical Processes Industries
This technical article discusses suitable methods for estimating capital costs in the chemical processes industry at different stages of a project design. The main capital cost estimation methods include capacity factored, equipment factored, parametric model, semi-detailed and detailed cost estimation. The capacity factored method uses a simple equation to estimate costs based on plant capacity and known costs. The equipment factored and parametric models methods are suitable when design is 1-15% complete and estimate costs based on main equipment factors. Accurate cost estimation is important for feasibility studies and budgeting throughout the design process.
Detailed Information
| Author: | ['MAURICIO BARRIOS TRUJILLO'] |
|---|---|
| Publication Year: | 2021 |
| Pages: | 4 |
| Language: | English |
| Format: | |
| Price: | FREE |
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