This Note describes a method for comparing refinery project costs and attempts to establish an industry baseline against which investment costs for such projects can be compared. The parametric methods it describes can be used to obtain rough cost estimates in the absence of detailed descriptive information (e.g., project characteristics) and engineering designs. These estimates can then be used to assess whether a proposed project's costs will be competitive with the industry standard.
This report is part of the RAND Corporation Note series. The note was a product of the RAND Corporation from 1979 to 1993 that reported other outputs of sponsored research for general distribution.
This document and trademark(s) contained herein are protected by law. This representation of RAND intellectual property is provided for noncommercial use only. Unauthorized posting of this publication online is prohibited; linking directly to this product page is encouraged. Permission is required from RAND to reproduce, or reuse in another form, any of its research documents for commercial purposes. For information on reprint and reuse permissions, please visit www.rand.org/pubs/permissions.
The RAND Corporation is a nonprofit institution that helps improve policy and decisionmaking through research and analysis. RAND's publications do not necessarily reflect the opinions of its research clients and sponsors.