Date: 30-01-2022

In this lecture, we first went through three major roles that process
economics have (i.e. Evaluation of design options, process optimization,
and overall economic fesialbility). Then we learned about the four main
parts of the chemical production business where we saw what sort of
components are required to build CAPEX of any process design.
Then we learned about the factors on which the cost of process
equipment depends on which we saw the power-law equation.
Further, we learned about how to use the given or provided data by
bringing it into the same bases using some indexes. Then we learned
about the cost of equipment, the investment required to install
equipment.
Then at the conclusion of the lecture, we saw what utilities a process
depends on.