Investment data in millions of U.S. dollars:
Construction time: 2 years
Cost of land: $10
Capital cost during the first year: $900
Capital cost during the second year: $190
Operating cost: $6.4 billion
1- Crude price: $57 per barrel
Average price of products: $66.84 per barrel
Taxation rate: 40%
Salvage value of refinery at the end of its useful life is assumed to offset its dismantling cost
Refinery life after start-up: 20 years
Depreciation per year: $900/20 = $45
Assume that the product yield and the prices of crude oil and products and the operating costs are as shown in the Refinery Margins Case Study.
Use a discount rate of 2.5% in your calculations.
Calculate:
a) The net present value
b) The present value ratio
c) The discounted payback period
d) The discounted cash flow rate of return
Write a note on how you can make this refinery more economical?
ASTM D86 T (*C)
35
56
76
109
137
179
183
10
30
50
70
90
95
Solve the simulation case study for Distillation using Aspen HYSYS and the above data and provide your specific feed results:
a) In terms of graphs, screen shots for your feed distribution and boiling curves
b) Critically discuss your results