Choose a facility configuration based on financial metrics
Linear program (LP) modeling can provide an unbiased, cost-based preview of a refinery or petrochemical plant design
The selection of a process configuration for a refining and petrochemical production facility is a task that requires both the skill of an engineer and the business acumen of a finance practitioner. The selection process usually requires facility yields and feedstock requirements, relevant prices, unit capacity required, utilities consumption, capital costs for the configuration (adjusted for location, timing and location tax policies), and a financial model. The financial metrics for each of the candidate configurations are calculated and used to rank the different opportunities.
This article explores the use of linear program (LP) modeling techniques to select process technology confi
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