A joint economic evaluation and FP2O techno-economic resilience approach for evaluation of suspension PVC production
The production of polyvinyl chloride (PVC) involves obtaining a thermoplastic polymer from vinyl chloride monomer (VCM) and ethylene, primarily through the suspension method. This process is vital for manufacturing various products, such as pipes and coatings. However, its high-energy consumption necessitates economic evaluations to assess feasibility. In this work, a dual approach is proposed: a Feedstock-Processing-Product-Operation (FP 2 O) based techno-economic resilience analysis via sensitivity analysis alongside economic evaluation. The study evaluated a PVC production process with a capacity of 518,400 t/y of VCM over a 15-year plant lifespan. The techno-economic assessment revealed a Total Capital Investment of $609, 882, 203, a Payback Period of 4.22 years, and a Return on Investment of 14.38 %. Positive Net Present Value and a cost/benefit ratio >1 indicate the plant's installation under proposed conditions is favorable. Additionally, the technical-economic resilience analysis identified the process's response to changes in PVC price, raw material costs, and production capacity, guiding improvement actions pre- and post-plant assembly. • Explores the production of polyvinyl chloride (PVC) from vinyl chloride monomer (VCM) and ethylene using the suspension method. • Utilizes a Feedstock-Processing-Product-Operation (FP 2 O) based techno-economic resilience analysis along with traditional economic evaluation. • Positive Net Present Value and a cost/benefit ratio greater than 1 suggest favorable conditions for plant installation. • Identifies the process's response to changes in PVC price, raw material costs, and production capacity, providing guidance for improvement actions. • Combines economic evaluation with techno-economic resilience analysis for a robust assessment of suspension PVC production.
Authors
- Tamy Carolina Herrera-Rodríguez (ORCID: https://orcid.org/0009-0006-5124-8737)
- Ángel Darío González-Delgado (ORCID: https://orcid.org/0000-0001-8100-8888)
- Miguel Ramos-Olmos (ORCID: https://orcid.org/0000-0003-0969-1234)
Institutions
- University of Cartagena (CO)
Publication Details
- Journal
- Results in Engineering
- Published
- 2024-10-11
- DOI
- https://doi.org/10.1016/j.rineng.2024.103069
- Citations
- 9
- Primary Topic
- Polymer Science and PVC
- Type
- article
- Field-Weighted Citation Impact
- 1.52