Peru_Presentation_Final

Peru_Presentation_Final - Natural Gas Industry In Peru...

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Natural Gas Industry In Peru Natural Gas Industry In Peru Laura Causey Laura Causey Michael Eatmon Michael Eatmon Sara Habib Sara Habib Kien Nguyen Kien Nguyen Sheau Te Sheau Te
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Camisea Natural Gas Reservoir ± The Camisea natural gas reserve located in Peru ± Discovered in 1980 by Shell Oil ± Approximately 11 trillion ft 3 , estimated 600 million bbl reserve
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Project Description Objective: Present business plan based on varying initial investments GOALS : ± Research Peruvian market ± Research petrochemical products produced using natural gas ± Find imported petrochemical products ± Use business model to compare different options
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Project Scope ± Investigate entire natural gas market ± Eliminate processes ± Determine fixed capital investment and operating costs for processes ± Product prices ± Product demands ± Deterministic Model ± Stochastic Model
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Camisea Pipeline Project ± Route: Camisea Reservoir to Pisco ± Current rate: 400 million cubic feet per day ± Two pipelines ± NGL (natural gas liquids) ± Natural Gas
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Pipeline Economics ± Length of pipeline 155 miles ~ 250 km ± Total cost: $2.7 billion US dollars ± Cost per mile $17.4 million
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Plant Design
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Deterministic Model ± Optimization software ± GAMS ± Function ± Calculates net present worth ± Selects if and when a process is to be constructed ± Selects process capacities ± Regulates expansions
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Deterministic Model ± Data required ± Pipe cost from Camisea to Pisco ± Fixed capital investment ± Operating cost ± Chemical prices ± Demand
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Process Selection
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Eliminated Processes ± Acetic Acid ± Formaldehyde ± Urea ± Phenol ± Styrene
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Acetic Acid/Formaldehyde ± Acetic Acid ± Products not in high demand for market ± Formaldehyde ± Market in region dominated by Brazil ± Demand satisfied *Vines, Tonya. Industry Week. Borden Responds to Consumer Trends; Apr 2005; pg. 66. * Chemical Week; June 30-Jul 7, 2004. pg 40
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Urea Process ± Decreasing demand for product ± More economical products can be made by natural gas *Van Savage, Eleanor. Chemical Market Reporter. Urea Prices on Depleting Inventories and Raising Natural Gas Prices. July 15, 2002.
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Phenol/Styrene ± Phenol ± Increasing prices, low margins ± Market is saturated ± Styrene ± Market for phenol currently satisfied by local companies *Viswanathan, Prema. Chemical News; Feb 28-Mar 6, 2005. pg. 24
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Product Evaluation ± Not selling individual gases ± Ethane ± Pentane ± These products used in other processes to yield higher profit products
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Different Investment Options ± Need to determine ± What processes to build ± Capacities ± Expansions ± Reinvestment
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Methods To Calculate Fixed Capital Investment ± Equipment cost breakdown ± Process flow diagrams ± Pressure drop ± Change in temperature ± Duties ± Residence time ± Conversion ± Heat transfer coefficients ± Direct Costs/Indirect Costs ± Research provided by other companies
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Ethylene Synthesis • Initiation C n H 2n+2 C m H 2m+1 .+C (n-m) H 2(n-m)+1 .
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This note was uploaded on 08/31/2011 for the course CHE 4273 taught by Professor Staff during the Spring '10 term at Oklahoma State.

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Peru_Presentation_Final - Natural Gas Industry In Peru...

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