Assignment 1: Estimation of Total Capital Investment Cost
Referenced article: Angsana Kantama, Phavanee Narataruksa, Piyapong Hunpinyo, and Chaiwat
Prapainainar, Techno-economic assessment of a heat-integrated process for hydrogenated
renewable diesel production from palm fatty acid distillate, Biomass and Bioenergy, Volume 83,
December 2015, Pages 448–459
Link: http://www.sciencedirect.com/science/article/pii/S0961953415301306
Problem 1. Practical problem for purchased equipment cost.
- You are assigned to estimate the purchased equipment cost of a selected HRD production
process (choose one from the two) from the followings, base case of the HRD process (Fig.
3) and heat integrated HRD process (Fig.6).
- You are also assigned to adjust the plant capacity between 0.8 and 1.5 times (choose one
ratio between 0.8 and 1.5 and each student should have different capacity ratio) of the
original capacity published in the article assuming that the same capacity ratio can be
applied to the equipment.
- You may choose the method of purchased equipment cost estimation from the followings
A. Use reported energy consumption information from Table 5 with capacity ratio and use
the cost estimator to estimate the new equipment costs.
Link to the cost estimator: http://www.mhhe.com/engcs/chemical/peters/data/ce.html
B. Use the original equipment cost published in the article with the capacity ratio and
scaling factors according to equipment (Please refer to the table of typical exponents for
equipment cost in the textbook)
C. Use both A. and B. for different equipment.
- A table of equipment list must be reported along with the type of equipment and capacity.
(Please refer the form of the table to Table 6 or Table 7 in the article). The capacity ratio
and scaling factor for each equipment must also be reported.
- Sum all the cost of equipment and report as purchased equipment cost. All the
assumptions must be reported along with you results.