December 2018

Special Focus: Plant Design, Engineering and Construction

Eight strategies to minimize capital expenditures for a better bottom line

The following are eight strategies to help reduce engineering, procurement and construction (EPC) project costs, along with tips to maximize the value of both existing assets and new investments for refiners and producers.

Adib, M., SNC-Lavalin Inc.

The following are eight strategies to help reduce engineering, procurement and construction (EPC) project costs, along with tips to maximize the value of both existing assets and new investments for refiners and producers. FIG. 1. Total CAPEX costs of EPC projects. To reduce capital expenditures (CAPEX) in any project, you must know where the capital is being spent (FIG. 1). Of the top three cost expenditures in an EPC project, construction can account for approximately 30%–40% of a typical petrochemical project’s installed costs. On a multimillion-dollar project, modest savings in construction can reduce CAPEX by hundreds of thousands of dolla

Log in to view this article.

Not Yet A Subscriber? Here are Your Options.

1) Start a FREE TRIAL SUBSCRIPTION and gain access to all articles in the current issue of Hydrocarbon Processing magazine.

2) SUBSCRIBE to Hydrocarbon Processing magazine in print or digital format and gain ACCESS to the current issue as well as to 3 articles from the HP archives per month. $399 for an annual subscription*.

3) Start a FULL ACCESS PLAN SUBSCRIPTION and regain ACCESS to this article, the current issue, all past issues in the HP Archive, the HP Process Handbooks, HP Market Data, and more. $1,995 for an annual subscription.  For information about group rates or multi-year terms, contact J'Nette Davis-Nichols at Jnette.Davis-Nichols@GulfEnergyInfo.com or +1 713.520.4426*.

*Access will be granted the next business day.

Related Articles

From the Archive

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}