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Erschienen in:
2016 | OriginalPaper | Buchkapitel
14. Process Development, Execution, Owner’s Responsibility, and Examples of Innovative Developments
verfasst von : V. I. Lakshmanan, Raja Roy, David King, Ram Ramachandran
Erschienen in: Innovative Process Development in Metallurgical Industry
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Abstract
No innovative process is complete until the “idea” is implemented successfully on a commercial scale at the design production capacity. Prior to commercialization—based on the flowsheet and its technical evaluation—a detailed capital and operating costs should be completed to establish the financial viability of the proposed process. Assuming that the internal rate of return (IRR) based on the company’s business model is acceptable, the project—from basic engineering to commissioning and start-up—is executed with the assistance of a major, renowned engineering company. Owner’s responsibility includes: (a) staffing and training of operating and maintenance personnel, (b) monitoring the ramp-up of the plant to its full production capacity in a timely manner. In conclusion, two examples of innovative ideas taken to successful commercial operation are outlined.