, Volume 5, Issue 2, pp 82-95

Fuels and Chemicals Manufacturing; Guidelines for Understanding and Minimizing the Production Costs

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Abstract

With increasing frequency,scientists and engineers are expected to understand and estimate the economic impact of their research and development efforts.Here,we provide simple concepts and tools used to understand the major cost contributions (e.g.,feed,investment or catalyst,and chemicals) for existing and emerging manufacturing technologies of chemicals and fuels.Particular attention will be paid to (i)selectivity and productivity for existing plants,(ii)energy management and its impact on investment costs,and (iii)cheaper feedstocks and their potential impact on investment costs.