Any process engineering project requires investment, especially when it comes to bespoke process solutions. These can cost significant amounts of money. So there is all the more reason to invest first in an accurate feasibility study.
The point of such studies is to determine whether it is worth going ahead with the project.
It doesn’t matter whether you’re a big international company looking to build port terminals with all the attendant bulk storage and materials handling required, or a smaller, private company looking for a factory upgrade or remodel. An accurate study needs to look at the technical, economic, legal, operations, and scheduling feasibility of the proposed project.
Are there the technical resources to convert the idea into working systems? Do you have the hardware and software for it?
Do the costs justify the benefits? Or are you going to be pouring more resources into a project than the value it will reap back?
Do any aspects of the project conflict with legal requirements, such as environmental regulations? Do you want to build a processing plant in an SSSI, for example? What about any waste disposal or additional road traffic?
How well does this project meet your needs? Is this the solution you are really looking for?
Can you get the project done in time if you have a restrictive deadline? For example, in time to deliver on a new contract.
Studies provide you with parameters within which to work. They tend to fall into three categories:
An accurate feasibility study will:
It might also spark off a whole new set of ideas or solutions that are far better than those you started.
Many organisations use external contractors to provide feasibility studies. That way, they use a survey carried out by people who do this kind of work every day. They know the best way to structure these studies and what to look for.
For cereal process engineering plant studies, we work with our sister company, GDE Associates.
We already know the common pitfalls and mistakes to look for in process plant engineering projects and can work in the strictest confidence to identify the solutions that are most worthy of investment.
We can work with your team or independently, maintaining your anonymity.