A FINANCIAL ANALYSIS OF THE CONDUCTION OF THE HDA PLANTS – PART 3 We conclude our financial analysis of the HDA plants by performing an analysis of the cash flows in the weeks of operation so far.
We estimated the following weekly cash flows, for a plant operating without interrup- tions, assuming that the stream of diphenyl is sold:
Cash flow Week 3 +25140 € Week 4 -89382 € Week 5 +14630 € Week 6 -79024 € Week 7 +73412 € The plant can also run burning the diphenyl stream, if the engineers deem it convenient.
Furthermore, the plant does not always operate for the whole week, e.g. due to scheduled technical checks or potential production issues, such as the one with the compressor.
The teams of engineers must therefore take into account these factors to estimate the actual cash flows, including a startup cost of 2000 €. Since they can’t know the real prices of commodities in advance, they have to rely on forecasts – or make their own.
© PSE-Lab 2018, all rights reserved.
PSE-Lab - CMIC Department - Politecnico di Milano
FINANCE
Average weekly figures:
12/11-18/11 week
Crude oil1 25.77 (-73.5%) Benzene1 126.34 (-20.8%) Toluene1 61.72 (-59.4%) Propylene2 880.42 (-12.7%) Diphenyl2 694.81 (-6.5%)
19/11-25/11 week Forecasts by OPEC:
Crude oil1 31.62 (+22.7%) We apologize for the inconvenience but the forecasts for the other commodities are unavailable this week (1) EUR per bbl (159 L) (2) EUR per metric ton
The PROCESS SYSTEMS ENGINEERING JOURNAL
POLITECNICO ANNOUNCES A NEW AUTOPILOT TECHNOLOGY.
IS IT A BREAKTHROUGH?
With an announcement that took by surprise the entire audience at the Politecnico Gala dinner which was held last Monday, Politecnico introduced a new automation development, dubbed “Autopilot”.
Developed in strict confidentiality by a team of automation and software engineers, surprisingly little information has leaked so far.
This week, the process engineers will be able to test the new technology, whereas next week the actual Autopilot will start and will run for 9 weeks. We will follow carefully the developments, and keep you updated in the next issues.
N. 8 – November 19, 2018
SPONSORED CONTENT – Politecnico di Milano
Last week the Politecnico “Gala dinner” was an incredible success and saw the announcement of the “Autopilot”. This week all teams will already be able to experiment with the new technology by Politecnico, which will enter stable operation starting next week.
The overall performance of the teams has been impressive so far. The total balance of all 31 teams was 4.32 M€ at the end of the first week of plant operation (week 3). It progressed to 4.18 M€ (week 4), 4.55 M€ (week 5), 4.74 M€ (week 6) and finally it has risen to 7.50 M€ at the end of week 7.
Out of the 31 contracted teams, 22 (71%) decided to repair the compressor, with a total expenditure of 0.44 M€.
To access your cockpit, please visit tiny.cc/pse18w8 SPONSORED CONTENT – BWL1 Consulting
We thank all the teams who partnered with us and sum up the incredible results of our exploratory study: the blockchain is suitable for this industry.
We will be in touch to fill you in and advance our partnerships.
http://pselab.chem.polimi.it/pse-game-2018/
