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Strategy of Profit Maximization

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A strategy of profit maximization is the essence of Chapter 4. This chapter describes different ways to maximize the operating profit. The concept of process cost intensity and how to calculate it are introduced in this chapter. The procedure for mapping the whole process in monetary terms and gain insights is described by way of an ethylene glycol plant case study.

This chapter describes in detail eight key steps in mapping current process conditions against different process constraints and limits. The first three major steps are (i) define plant business and economic objectives, (ii) identify various process and safety limitations, and (iii) critically identify the profit scope. Key parameter identification steps for economics, operations, and constraints of the plant are discussed in detail. How to evaluate and exploit potential optimization opportunity is discussed with industrial case studies.

Profit Maximization Techniques for Operating Chemical Plants

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