Managing Business Risk in Modular Chemical Process Intensification

Paul et al discuss how the capital cost of intensified equipment can be a key driver in managing the business risk associated with advancing modular offsite construction within the chemical process industries (CPI). Industry-wide assessments and net present value (NPV) analyses provide preliminary i...

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Bibliographic Details
Published in:Chemical engineering progress 2021-03, Vol.117 (3), p.22-27
Main Authors: Paul, Brian K, O'Connor, James T, Haapala, Karl R
Format: Article
Language:English
Subjects:
Additive manufacturing
Automation
Batch processing
Building components
Capital costs
Case studies
Chemical engineering
Chemical plants
Chemical process industries
Collaboration
Construction costs
Cost analysis
Discount rates
Engineering
Equipment costs
Innovations
Labor productivity
Manufacturers
Modular construction
Net present value
Payback periods
Process intensification
Raw materials
Reactors
Risk management
Technological change
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Summary:Paul et al discuss how the capital cost of intensified equipment can be a key driver in managing the business risk associated with advancing modular offsite construction within the chemical process industries (CPI). Industry-wide assessments and net present value (NPV) analyses provide preliminary insights into why equipment costs arc important for MCPI. They describe how additive manufacturing-a new method of building components and reactors-can help manufacturers keep the costs of specialty equipment low.
ISSN:0360-7275
1945-0710