Chemical Plant Design: Economic Principles and Process Evaluation

Designing a chemical process or plant requires more than just technical knowledge; successful projects must also be economically sound and profitable. This course provides the foundational concepts needed to translate technical designs into financially viable industrial assets. By the end of this course, you will be able to perform fundamental cost estimation, calculate profitability metrics, and apply standardized economic evaluation methods to make informed decisions throughout the chemical plant design lifecycle, from conceptualization to detailed engineering. What you'll learn: * Understand the core principles of capital and operating cost estimation for chemical equipment and processes. * Calculate key profitability metrics, including return on investment (ROI), discounted cash flow (DCF), and net present value (NPV). * Apply established design methodologies, including process synthesis and optimization techniques, to meet economic targets. * Analyze the impact of current market conditions, inflation, and sustainability metrics on long-term project viability. * Practice sensitivity analysis to assess design risk and identify critical cost drivers in complex chemical projects. The course begins by establishing essential economic terminology and cost accounting methods before progressing into detailed techniques for equipment sizing, capital investment analysis, and financial forecasting. Practical examples throughout help solidify your understanding of applying theory to industrial scenarios. This course is designed for chemical engineering students, recent graduates, or junior process engineers who are new to the field of plant design and economic evaluation. No prior experience with financial modeling or industrial design is required. Start building the essential economic expertise required for effective chemical process design today.