Industrial Chemical Process Design

Chapter 8: Process Equipment Cost Determination

Nomenclature

ACF

annual cash flow, $

BHP

brake horsepower, hp

CC

total construction cost, $

C p

specific heat,

C p/ C v

(MW C p)/[(MW C p) ? 1.986]

eff

compressor efficiency, %

F a

auxiliary equipment factor, $

F m

material type factor, $

F p

pressure rating factor, $

F ps

shell-side pressure rating factor, $

F pt

tube-side pressure rating factor, $

F s

tray spacing factor, $

F t

tray type factor, $

GHP

gas horsepower, hp

H ad

adiabatic horsepower, ft lb/lb

i

annual interest rate, %

k

gas specific heat ratio, C p/ C v

LC

land cost, $

MW

molecular weight of gas stream

P 1

inlet pressure, psia

P 2

outlet pressure, psia

P o

plant worth at startup time, $

R

universal gas constant, 1545/MW

SV

salvage value, $

T

construction or payment schedule, yr

T i

inlet temperature, R

WC

working capital, $

w i

gas rate, lb/min

Z

average gas compressibility factor of compressor inlet and outlet gas streams

The process engineer is always challenged to determine and design refinery, chemical plant, and oil and gas production equipment. Equally challenging is the determination of discrete equipment cost for the equipment the engineer has determined and designed. In many situations he or...

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