Rose-Hulman Institute of Technology
Department of Chemical Engineering
CHE416: Chemical Engineering Design I (Fall 2023)
Profs Serbezov and Anastasio
Name:
Executive Summary
Homework Assignment 1
(Example / Template)
Instructions:
Use this template for all Executive Summary submissions.
The example below is based on Homework 1.
The symbols XXX.XX or ???? must be replaced with the actual numbers or NA if “not available”. Delete
this instructions section when turning in your own work.
Problem 1
a.) The dew point pressure at 120⁰F is XXX.XX psia using the NRTL property method in
Aspen ONE v12.1.
b.) The bubble point temperature at 1 atm is XXX.XX ⁰F using the NRTL property method in
Aspen ONE v12.1.
c.) The vapor fraction at 120⁰F and 0.9 atm is XXX.XX using the NRTL property method in
Aspen ONE v12.1. Under these same conditions, the compositions of the individual
phases are:
Mole Fraction
COMPONENT
LIQUID
VAPOR
n-pentane
0.XX
0.XX
n-hexane
0.XX
0.XX
Problem 2
a) Price summary
Chemical
Ethylene
Chlorine
VCM
Price from
Textbook
2017
30
18
35
Price from ICIS
US Gulf
August, 2014
cents/lb
Contract
Spot
???????
63.5 - 71.0
9.5 - 11.5
???????
NA
35.83 - 36.74
Price from ICIS
US Gulf
August, 2015
Contract
???????
???????
???????
Spot
???????
???????
???????
Rose-Hulman Institute of Technology
Department of Chemical Engineering
CHE416: Chemical Engineering Design I (Fall 2023)
Profs Serbezov and Anastasio
b) Definitions
The contract price of a commodity is …………….
The spot price of a commodity is …………….
The term f.o.b stands for ………………… It means …………………………
One metric ton is equal to ……………………………..
One short ton is equal to ……………………………….
One long ton is equal to …………………………………
c) Gross profit summary
Path
3
5
Gross Profit (cents / lb VCM)
2014
2015
XX.XX
XX.XX
XX.XX
XX.XX