POWR 2550 Chemical Plant Economics

Cost estimation, capital investment analysis, and profitability evaluation for chemical processing facilities.

About this course

POWR 2550 Chemical Plant Economics covers the financial principles needed to evaluate chemical processing projects. You will learn to estimate capital and operating costs, analyse investment risks, and determine the profitability of engineering solutions. The course prepares you to present economic cases to management and stakeholders.

Who takes this course

This course is part of the Power Engineering Technician program.

Credits: 3 · Hours: 45

Prerequisites

• POWR 1820 Process Instrumentation

Learning outcomes

• Estimate capital and operating costs for chemical processing plants.
• Calculate key financial metrics such as net present value and internal rate of return.
• Evaluate project profitability under varying market conditions.
• Analyse risk factors in chemical plant investment decisions.
• Prepare economic reports for engineering management stakeholders.

Evaluation