cost

Covid-19 brought sudden productivity hikes to chemical operations

Jul 7, 2020

While Covid-19 has been mostly associated with negative impacts, particularly on decreased product demand as well as project deferments, the productivity increase is an unexpected positive side.

Owners reduce risks on major capex projects with interface management

May 3, 2018

As capital projects become larger and more complicated, requiring numerous work packages distributed across multiple contractors, some owners are improving the outcome through interface management solutions.

Rising capital costs provide warning to Arabian Gulf petchems developers

Apr 8, 2016

Construction costs for petrochemical and refining projects in the Gulf Cooperation Council (GCC) region are up 2-4 times compared to 14 years ago, according to Koen Vermeltfoort, principal Capital Productivity Practice at McKinsey & Company.

Infographic: US ethane cracker construction costs rise 1-2% year on year

Apr 7, 2016

Total construction costs for a typical 1.5 mtpa ethane cracker on the US Gulf Coast range between about $1.48 billion in a low-case scenario, $1.74 billion in a base case scenario and $2 billion in a high-case scenario, according to Petrochemical Update...

Petchems owners urged to plan for modular projects in FEED stage

Jan 31, 2016

Petrochemical and refinery companies looking to modularize parts of their construction projects must develop a modular strategy very early in the project cycle and fully understand how modularization fits their project goals if they are to meet their budgets...