Chemical Engineering

Plant Cost

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2022 CEPCI updates: March (prelim.) and Feb. (final)

By Scott Jenkins | May 25, 2022
The preliminary value for the CE Plant Cost Index (CEPCI) for March 2022 (the most recent available) rose compared to the previous month. However, the final CEPCI value for February 2022 was revised downwardly from its initial value. In March, all four of the major subindices (Equipment, Construction Labor, Buildings and Engineering & Supervision) were slightly higher in March than…»

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For more than 46 years, chemical process industries (CPI) professionals — engineers, managers, and technicians — have used Chemical Engineering’s Plant Cost Index (CEPCI) to adjust process plant construction costs from one period to another.

The annual average value for the 2021 CEPCI was higher than the corresponding value for 2020 by a large margin, as the CEPCI has risen each month since November 2020. The 2020 value, in turn, was actually lower than 2019, but the trend quickly reversed during the economic recovery that occurred last year, giving way to a much elevated annual CEPCI value for 2021.

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About the CEPCI

Since 1963, the chemical process industries (CPI) have used Chemical Engineering‘s Plant Cost Index (CEPCI) to adjust process plant construction costs from one period to another. Today, however, they have the ability to retrieve CEPCI data more promptly and on demand than the old method of searching for old copies of the magazine or waiting for the next one to arrive with new data.

Platinum Level membership to ChemEngOnline.com provides online access to the entire CEPCI database, including annual (1947 to present) and monthly (1970 to present) data archives. It is by far the most efficient, expedient and convenient way of accessing CEPCI data – whether old or new.

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