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Feasibility Studies

Feasibility Studies

In modern refinery investments, CAPEX in process optimization and the acquisition of costly process analytical and process optimization systems are nowadays not anymore based on “nice to have it” but on “Do we really need it”.

Importance of Feasibility Studies

A deep-going survey and feasibility study is in many cases required to understand the CAPEX and efficiency of improved process analytical and process optimization projects. In addition to that also OPEX plays today an important role in many petroleum and petrochemical industrial plants to reduce the cost of manpower and other operational costs.

As a supplier of online process analyzers and overall turn-key projects, Modcon Systems’ responsibility goes far beyond the selling of analyzers only. Especially in those cases where high investment in the purchase and maintenance of instrumentation are involved, Modcon Systems offers its customer feasibility studies that allow the customer to decide whether or not investing in a process analyzer and process optimization system is beneficial from the CAPEX and an OPEX point of view alike, and profitable balance between them.

Modcon Systems’ feasibility studies cover a broad variety of different subjects in the refinery and petrochemical industries. The scope of the study is determined in cooperation with the customers and in accordance with the targets of the requested recommendations for process optimization resulting from the study.

Components of Feasibility Studies

Feasibility studies include:

  • A technological review of the current situation in the process unit.
  • Defining the variables that influence the increase of the production process and the product quality.
  • Determination of the properties that mostly influence the process efficiency.
  • Determination of parameters that should be controlled online, and where laboratory analyses are too time-consuming for process optimization.
  • Process optimization by utilization of online process analytical results, transferred to the DCS.
  • Defining the basis of design, and overall project summary from a technological point of view.
  • Budget estimation – Direct and indirect investments to be made for the implementation of the product design.
  • Procurement, contracting, project management, hazard analysis, and execution summary.
  • CAPEX and OPEX calculation.
  • Capital investment return calculation.

Benefits of Effective Feasibility Studies

Effective feasibility studies and implementation of its recommendations improve the profitability of the overall plant, by increased process control and process optimization, especially when integrated with APC, resulting in:

  • Increased the production capacity of the most demanded products
  • Increased product quality
  • Reduced of giveaways
  • Increased energy efficiency
  • Increased labor efficiency
  • Reduced maintenance
  • Optimized CAPEX, OPEX, and return on investment of the optimization project

Modcon Systems Ltd. provides the Feasibility Studies as part of its industrial analyzer portfolio for real-time process measurement and control.

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Frequently Asked Questions

Modcon Feasibility Studies are technical and economic assessments used to determine whether investment in process analyzers, process optimisation systems or turn-key analytical projects is justified. They help customers decide whether a proposed solution is beneficial from both CAPEX and OPEX perspectives.
Process analyzer and optimisation projects can involve significant capital investment, engineering work and maintenance costs. A feasibility study helps confirm whether the project is genuinely needed, technically practical and economically sensible, rather than simply “nice to have”.
A study may include a technological review of the current process unit, identification of variables affecting production and product quality, determination of key process efficiency parameters, online measurement requirements, basis of design, budget estimation, hazard analysis, CAPEX/OPEX calculation and return-on-investment assessment.
The study reviews which process properties most strongly affect efficiency, quality and control. It then identifies where laboratory analysis is too slow for effective optimisation and where online process analytical measurements can provide useful real-time data to the DCS or optimisation system.
They are mainly relevant to refinery and petrochemical plants, but the same approach can support other process industries where online analysis, advanced control, energy efficiency, quality control and operating cost reduction are important.
They define how online process analytical results can be used for process optimisation, including transfer of analyser results to the DCS and potential integration with APC. This helps convert analytical data into practical operating improvements rather than leaving it as another number on a screen.
They define how online process analytical results can be used for process optimisation, including transfer of analyser results to the DCS and potential integration with APC. This helps convert analytical data into practical operating improvements rather than leaving it as another number on a screen.
Potential benefits include increased production capacity of high-demand products, improved product quality, reduced giveaway, higher energy efficiency, better labour efficiency, reduced maintenance and improved return on investment for the optimisation project.
Yes. Modcon Feasibility Studies may include budget estimation, direct and indirect investment assessment, CAPEX and OPEX calculation and capital investment return calculation. This helps customers compare the expected technical benefits with the real cost of implementation.
The scope is defined in cooperation with the customer and depends on the process unit, operating targets and required recommendations. This allows the study to focus on the customer’s actual optimisation needs rather than using a generic template.


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