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3 Profit Maximization Project (PMP) Implementation Steps 3.1 Implementing a Profit Maximization Project (PMP)

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Once a process unit is identified as a potential PMP application, then the following project steps are required to implement the project. These project steps are not written in stone and can be changed and modified as per the needs of individual chemical companies. Various global giant chemical companies have implemented these steps to a varying degree and have sometimes modified the sequence of these steps as per their own strength and business requirements. The project steps are summarized in Figure 3.1.

In the following sections, each of these steps is discussed.

Profit Maximization Techniques for Operating Chemical Plants

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