Techno-Economic Modeling for Chemical and Bioprocess Innovations - by Chris Burk (Paperback)

About the Book

"Techno-economic Analysis (TEA) plays an important role in determining which processes and projects are economically competitive and scalable as well as environmentally and socially acceptable. TEA uses analytical modeling to examine how technical and financial parameters influence economic benefit. These parameters span technical, financial and economic benefits. TEA is valuable for assessing economic viability, but a good techno-economic model (TEM) is more than a one-off analysis; it is a tool for understanding design tradeoffs and development risks, and for effectively guiding the development of a technology. For example, TEA sensitivity analyses, like tornado diagrams, can help developers to identify technical opportunities, risks, and areas of uncertainty."-- Provided by publisher.

From the Back Cover

Build spreadsheet-based techno-economic models to understand factors driving economic value

Techno-economic modeling examines how technical and financial parameters influence the economic value of a technology at the commercial scale. Techno-Economic Modeling for Chemical and Bioprocess Innovations is a practical guide to building spreadsheet-based techno-economic models and using them to make better decisions on the road to market.

Inside, this book:

• Explains the role of techno-economic modeling in advancing new technologies toward commercialization.
• Presents spreadsheet best practices that form the foundation for effective and efficient techno-economic modeling.
• Teaches how to combine process modeling, equipment sizing, and cost estimation in a cohesive and usable spreadsheet model.
• Introduces techniques for analyzing model results to assess economic viability, quantify uncertainty, inform R&D priorities, and improve stakeholder communication.
• Provides practical Excel and VBA examples, with two complete sample models available online.

This book equips readers with the tools to combine science, engineering, and cost estimation. It is an essential resource for chemical and bioprocess engineers, including academics, startup teams, and advanced students working to bring innovations into the world.

About the Author

Chris Burk is a chemical engineer and consultant. He is a leader in the field of techno-economic modeling for tough-tech innovations. Chris has developed models for over 100 technologies, built a library of software tools, and has written and spoken extensively on the subject. He regularly works with startups from the top tough-tech focused organizations in the United States, such as Activate and MIT's The Engine, as well as many others.