Chemical Engineering Plant Economics

Chemical engineering plant cost index is used for finding the present cost of a particular chemical plant, if the cost of similar plant at some time in the past is known.
The present cost of the plant = original cost x (index value/(index value at original cost was obtained)
The most major component of this cost index is_____.

  • A. Fabricated equipment and machinery
  • B. Process instruments and control
  • C. Pumps and compressor
  • D. Electrical equipments and material
Answer: Option A.

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