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By Scott Jenkins, Chemical Engineering magazine | December 27, 2023
The preliminary value for the CE Plant Cost Index (CEPCI) for October 2023 (most recent available) is lower than the previous month’s value, continuing a trend of lower monthly values that has been observed since May 2023. To arrive at the overall CEPCI decline for October 2023, decreases in the Equipment and Buildings subindices offset small increases in the Construction… MORE
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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.
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