Refinery Cost Functions in the U.S. Gulf Coast

Abstract

Abstract Construction cost functions for the main process units that comprise a refinery are developed. The cost estimates pertain exclusively to grassroots construction; are limited to equipment inside the battery limits; and include materials and labor, design, engineering, contractor's fees, overhead, and expense allowance. The methodological framework, data sources, and normalization procedures used for cost estimation is presented, followed by a discussion of the limitations of analysis. This material updates and extends the investment cost curves presented by Gary and Handwerk in a previous publication.