Aspen Process Economic Analyzer
(formerly Aspen Icarus Process Evaluator®)
Project scoping tool that enables the optimization of lifecycle costs of a process
Aspen Process Economic Analyzer is a powerful project scoping tool that enables process engineers to evaluate the economic impact of their process designs (including generation of overall investment cash flow curves to quantify the contribution of the plant or the owner’s business). Aspen Process Economic Analyzer is most valuable in the early phases of the conceptual design to compare competing technologies and/or evaluate alternative process configurations. It can expand unit operations from simulator output to equipment models using proprietary mapping technology, and calculate preliminary sizes for these equipment items.
Aspen Process Economic Analyzer is a core element of AspenTech’s aspenONE® Engineering applications.
Features
- Interactive equipment sizing to determine operating costs and investment analysis
- Automatic generation of block and process flow diagrams from the process stream information
- Interfaces to all major process simulation tools, including Aspen Plus and Aspen HYSYS®
- Based on the same Aspen Icarus technology used in both Aspen In-Plant Cost Estimator and Aspen Capital Cost Estimator
Benefits
Aspen Process Economic Analyzer provides benefits across a broad range of industries, including refining, petrochemical, chemical, specialty chemical, pulp and paper, mining & minerals, pharmaceutical and food & beverage industries. Benefits include:
- Evaluate lifecycle business impact of design alternatives in the early phases of conceptual design
- Generate operating costs and investment cash flow curves to quantify a plant’s business contribution
- Expand—through proprietary mapping technology—unit operating into actual equipment models and calculate preliminary sizes