June 2001


Petrochemical plant costs for the new millennium

Updated cost and capacity data facilitate more accurate economic evaluations of HPI enterprises

It has been 25-30 years since any new tabulations of capital investment costs for chemical plants have been presented in the technical literature. Examples of earlier tabulations include the classic works by Haselbarth, Drayer and Guthrie.1-4 Yes, current textbooks5,6 in the general area of chemical engineering economics do present tables of chemical plant investment costs. Close inspection of the tables in these textbooks, however, shows that they are all based on the tabulations published earlier and mentioned above. The plant investment costs from those earlier sources were merely scaled up to a more current time, using standard indicators such as the ENR construction cost index, the CE

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