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Process Economics: BY Akhilesh Gupta
Process Economics: BY Akhilesh Gupta
ECONOMICS
BY
AKHILESH GUPTA
GENERAL DESIGN CONSIDERATION
• Safety regulations
OSHA
Code of Federal Regulations
Federal Register
LOSS PREVENTION
• The phrase loss prevention in the chemical industry is an insurance term where the loss represents the
financial loss associated with an accident.
• Loss prevention in process design can be summarized under the following broad headings:
1. Identification and assessment of the major hazards
2. Control of the hazards by the most appropriate means; for eg. Containment, substitution, improved
maintenance etc.
3. Control of the process i.e. prevention of hazardous conditions in process operating variables by utilizing
automatic control and relief systems, interlocks, alarms, etc.
4. Limitations of the loss when an incident occurs.
HAZOP STUDY
• The hazard and operability study which is commonly known as the HAZOP study, is a systematic technique for identifying all plant or equipment hazards
and operability problems.
In this technique each segment (pipeline, piece of equipment, instrument etc.) is carefully examined and all possible
deviations from normal operating conditions are identified. This is accomplished by fully defining the intent of each
segment and then applying guide words to each segment as follows:
No or Not- no part of the intent is achieved and nothing else occurs (eg. No flow)
More- quantitative increase (eg. Higher temperature)
Less- Quantitative decrease (eg. Lower pressure)
As well as- qualitative increase (eg. An impurity)
Part of- qualitative decrease (eg. Only one of two components in mixture)
Reverse- opposite (eg. Back flow)
Other than- no part of the intent is achieved and something completely different occurs (eg. Flow of wrong material)