5. Glossary
BEC; Bare Erected Cost
Capital expenditure on equipment, storage and general services.
BOP; Balance Of Plant
Equipment other than that present in the main installation and interfaces.
CAPEX; CAPital EXpenditure
Process capital expenditure, including the cost of equipment and installation, and all process environmental costs.
EPC; Engineering, Procurement & Construction
Type of contract including design, purchasing and construction; this corresponds to the TOC plus the contractor's margins.
OPEX; OPerational EXpenditure
Process operating expenses, including material (e.g. assets) and energy (e.g. utilities) consumption, fixed costs (e.g. labor, taxes and insurance)...
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Unit operations. Chemical reaction engineering
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Glossary
Bibliography
Standards and norms
- Space systems – Definition of Technology Maturity Levels (TML) and their evaluation criteria. - ISO 16290 :2013 - 2013
Patents
Reactive distillation process for the production of methyl acetate. US4435595A.
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