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Technical & Practical

July 1, 2013

Lifecycle Costs for Capital Equipment in the CPI

Longterm equipment costs need to be fully considered in capital-cost assessments

Jeff Hoffmann, Paul O. Abbe

When considering project proposals for new processes in the chemical process industries (CPI), capital equipment costs often become the primary focus. The purpose of this article is to provide a detailed examination of the total cost of process equipment and the implications that the initial equipment cost has for longterm costs over the full life of the process....

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