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ChemEnggLife Webinar

Understanding the Economics Metrics for Process Design Profitability

Humzaa Imtiaz Ullah

Guest Speaker

24 November 2023
17:00 - 18:15 (GMT+1)

FREE

Description

In the dynamic field of chemical engineering, Techno-Economic Analysis (TEA) stands as a cornerstone for decision-making. TEA assesses the economic viability of a process, ensuring sustainable and profitable operations. Join our exclusive webinar to delve into why TEA is paramount for chemical engineers, guiding crucial decisions from process design to optimization.

 

In this webinar, we will explore the intricate landscape of economic metrics crucial for maximizing process design profitability. This webinar will provide an in-depth analysis of key metrics such as ROI, NPV, and payback period, empowering chemical engineers to make informed decisions that align with both technical and economic objectives. We will explore how these metrics can impact decision-making, efficiency, and overall profitability. You will gain valuable insights to enhance your approach to process design and maximize financial success.

 

You'll learn:

  • The fundamental principles of Techno-Economic Analysis (TEA) and its significance in chemical engineering.

  • How to calculate and interpret Return on Investment (ROI) for chemical processes.

  • Understanding Net Present Value (NPV) and its role in assessing project feasibility.

  • Techniques for determining the Payback Period to evaluate the time required to recover investment.

  • Real-world applications and case studies demonstrating the practical implementation of economic metrics in chemical engineering.

Don't miss this opportunity to enhance your proficiency in economic metrics, equipping yourself with the tools to drive profitability and sustainability in your chemical engineering endeavors. Register now for an insightful journey into the economic aspects of process design.

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Humzaa Imtiaz Ullah

Chemical Engineer

Humzaa Imtiaz Ullah is a Chemical Engineer, with an BSc.Eng and MSc.Eng from the Technical University of Denmark. He works within the Pharmaceutical Industry as a QMS Engineer and also working as a Project Manager within Quality. Strongly skilled within Techno-Economic Analysis, having worked on two publications within the topic, one as a First Author and second as a co-author.

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