Sandip K. Lahiri - Profit Maximization Techniques for Operating Chemical Plants

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Sandip Kumar Lahiri

National Institute Of Technology, Durgapur, India

This edition first published 2020

© 2020 John Wiley & Sons Ltd

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In view of ongoing research, equipment modifications, changes in governmental regulations, and the constant flow of information relating to the use of experimental reagents, equipment, and devices, the reader is urged to review and evaluate the information provided in the package insert or instructions for each chemical, piece of equipment, reagent, or device for, among other things, any changes in the instructions or indication of usage and for added warnings and precautions. While the publisher and authors have used their best efforts in preparing this work, they make no representations or warranties with respect to the accuracy or completeness of the contents of this work and specifically disclaim all warranties, including without limitation any implied warranties of merchantability or fitness for a particular purpose. No warranty may be created or extended by sales representatives, written sales materials or promotional statements for this work. The fact that an organization, website, or product is referred to in this work as a citation and/or potential source of further information does not mean that the publisher and authors endorse the information or services the organization, website, or product may provide or recommendations it may make. This work is sold with the understanding that the publisher is not engaged in rendering professional services. The advice and strategies contained herein may not be suitable for your situation. You should consult with a specialist where appropriate. Further, readers should be aware that websites listed in this work may have changed or disappeared between when this work was written and when it is read. Neither the publisher nor authors shall be liable for any loss of profit or any other commercial damages, including but not limited to special, incidental, consequential, or other damages.

Library of Congress Cataloging‐in‐Publication Data

Names: Lahiri, Sandip Kumar, 1970‐ author.

Title: Profit maximization techniques for operating chemical plants / Dr

Sandip Kumar Lahiri.

Description: First edition. | Hoboken, NJ : John Wiley & Sons, Inc., 2020.

| Includes bibliographical references and index.

Identifiers: LCCN 2019058766 (print) | LCCN 2019058767 (ebook) | ISBN

9781119532156 (hardback) | ISBN 9781119532217 (adobe pdf) | ISBN

9781119532170 (epub)

Subjects: LCSH: Chemical engineering--Cost effectiveness. | Engineering

economy. | Profit.

Classification: LCC TP155.2.C67 L34 2020 (print) | LCC TP155.2.C67

(ebook) | DDC 660.068/1--dc23

LC record available at https://lccn.loc.gov/2019058766

LC ebook record available at https://lccn.loc.gov/2019058767

Cover Design: Wiley

Cover Images: © David Burton/Getty Images, © Lightspring/Shutterstock

Dedicated to my Parents, wife Jinia and two lovely children Suchetona and Srijon

In chemical process industries there is an ongoing need to reduce the cost of production and increase the profit margin. Due to cut‐throat competition at the global level, the major chemical process industries are now competing to optimize raw material and utility consumption, to increase equipment and process performance, to reduce emissions, and to minimize pollution.

Profit maximization is the buzzword of today's chemical process industries. Profit maximization in running chemical plants itself is a huge challenge, which needs to be addressed by holistic vision and procedures. However, there are no dedicated books available to discuss basic concepts, provide practical methods, and explain industrial application procedures.

This book is written to fill this gap with the following people in mind: practicing process or chemical engineers, production engineers, supervisors, senior technicians working in chemical, petrochemical, pharmaceuticals, paper and pulp, oil and gas companies, and petroleum refinery across the globe. This book will also become very useful for large numbers of managers, general managers, top‐level senior executives, and senior technical service consultants, whose main jobs include strategic planning and implementation of various optimization projects to increase profit in chemical process industries. Undergraduate and postgraduate chemical engineering students and business students who want to pursue careers in the chemical field will also greatly benefit from this book. The book is aimed at providing practical tools to people who face challenges and wish to find opportunities for improving profit in running chemical plants. It aims to convey concepts, theories, and methods in a straightforward and practical manner.