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How to estimate the equipment cost?

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Jimmy SHU

Student
Jul 17, 2020
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Hello, friends!
I have completed 2 sets of process simulations using Aspen Plus. I want to estimate the cost of the heat exchangers, pumps, compressors, distillation towers and other equipment that appear in the process.
However, I read a lot of literature and found that the formula they used was more complicated, and the calculated equipment price had a small gap with the real price.
I am currently in the conceptual design stage, so I want to use the aspen simulation results to estimate the approximate equipment price roughly.
I hope you can recommend some articles or books, thank you very much!
 
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