Simplified levelised cost of petrochemicals for selected feedstocks and regions, 2017

Sources

Feedstock prices from Argus Media (2018), Key Prices, www2.argusmedia.com/en/methodology/key-prices.

Notes

Fuel and feedstock costs are calculated based on average prices during both 2010 and 2017, whereas capital expenditure (CAPEX) and fixed operational expenditure (OPEX) are assumed to remain constant both over time and between regions, for a given technology. CAPEX assumptions: USD 1 500 /tHVC for ethane steam cracking; USD 1 000/t HVC for MTO; USD 2 050/tHVC for naphtha steam cracking. Fixed OPEX: 2.5-5.0% of CAPEX. Discount rate is 8%. A 25 year design life is assumed for all equipment. Energy performance ranges: 12-19 gigajoules (GJ)/tHVC for naphtha steam cracking; 14-17 GJ/tHVC for naphtha steam cracking; 11 GJ/tHVC for MTO. Feedstock requirements correspond to those shown in Figure 2.4. Process energy requirements include fuel, steam and electricity, are calculated on a net basis, assuming full utilisation of available fuel gas in the product stream. ME = Middle East, US = United States.