[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-seo-657355-105":3,"detail-sidebar-cat-0-en-105":80,"doc-detail-657355-en":130},{"code":4,"msg":5,"data":6},0,"ok",{"site_id":7,"language":8,"slug":9,"title":10,"keywords":11,"description":12,"schema_data":13,"social_meta":73,"head_meta":75,"extra_data":77,"updated_unix":79},105,"en","techno-economic-analysis-for-new-technology-development","Techno-Economic Analysis for New Technology Development","","Techno-economic modeling (TEM) links R&D, engineering, and business by connecting process parameters to financial metrics. This enables teams to assess how technical factors influence profitability and to support objective, informed decisions across the technology development lifecycle. Although TEM is not new, it remains underused. The paper presents TEM techniques and their application to evaluating and developing new chemical, bioprocess, and related technologies.",{"@graph":14,"@context":72},[15,34,55],{"@type":16,"itemListElement":17},"BreadcrumbList",[18,23,27,31],{"item":19,"name":20,"@type":21,"position":22},"https://docshare.wps.com","Home","ListItem",1,{"item":24,"name":25,"@type":21,"position":26},"https://docshare.wps.com/document/","Document",2,{"item":28,"name":29,"@type":21,"position":30},"https://docshare.wps.com/document/research-report/","Research & Report",3,{"item":32,"name":10,"@type":21,"position":33},"https://docshare.wps.com/document/techno-economic-analysis-for-new-technology-development/657355/",4,{"url":32,"name":10,"@type":35,"image":36,"author":41,"headline":10,"publisher":44,"fileFormat":47,"inLanguage":8,"description":12,"dateModified":48,"datePublished":49,"encodingFormat":47,"isAccessibleForFree":50,"interactionStatistic":51},"DigitalDocument",{"url":37,"@type":38,"width":39,"height":40},"https://docshare.wps.com/thumbnails/techno-economic-analysis-for-new-technology-development/657355.png","ImageObject",300,407,{"name":42,"@type":43},"Alex Sinclair","Person",{"url":19,"name":45,"@type":46},"DocShare","Organization","application/pdf","2026-10-30","2026-10-26",true,{"@type":52,"interactionType":53,"userInteractionCount":22},"InteractionCounter",{"@type":54},"ViewAction",{"@type":56,"mainEntity":57},"FAQPage",[58,64,68],{"name":59,"@type":60,"acceptedAnswer":61},"What is techno-economic modeling (TEM) used for?","Question",{"text":62,"@type":63},"TEM connects process parameters from R&D and engineering to financial metrics, helping assess profitability drivers and enable objective decision-making.","Answer",{"name":65,"@type":60,"acceptedAnswer":66},"What components are typically included in a techno-economic model?",{"text":67,"@type":63},"A TEM usually combines a process model, capital cost model, operating cost model, and cash flow analysis.",{"name":69,"@type":60,"acceptedAnswer":70},"How does the paper describe operating costs in TEM?",{"text":71,"@type":63},"Operating costs are split into variable, fixed, and general categories, with variable costs tied to operating rate and other categories handled via scaling factors.","https://schema.org",{"og:url":32,"og:type":74,"og:title":10,"og:site_name":45,"og:description":12},"article",{"robots":76,"canonical":32},"index,follow",{"doc_id":78,"site_id":7},657355,1792977812,{"code":4,"msg":81,"data":82},"success",[83,87,91,95,100,105,110,114,119,122,126],{"id":22,"doc_module":4,"doc_module_name":25,"category_name":84,"show_sort_weight":85,"slug":86},"Story & Novel",90,"story-novel",{"id":26,"doc_module":4,"doc_module_name":25,"category_name":88,"show_sort_weight":89,"slug":90},"Literature",80,"literature",{"id":33,"doc_module":4,"doc_module_name":25,"category_name":92,"show_sort_weight":93,"slug":94},"Exam",70,"exam",{"id":96,"doc_module":4,"doc_module_name":25,"category_name":97,"show_sort_weight":98,"slug":99},5,"Comic",60,"comic",{"id":101,"doc_module":4,"doc_module_name":25,"category_name":102,"show_sort_weight":103,"slug":104},6,"Technology",50,"technology",{"id":106,"doc_module":4,"doc_module_name":25,"category_name":107,"show_sort_weight":108,"slug":109},7,"Healthcare",40,"healthcare",{"id":111,"doc_module":4,"doc_module_name":25,"category_name":29,"show_sort_weight":112,"slug":113},8,30,"research-report",{"id":115,"doc_module":4,"doc_module_name":25,"category_name":116,"show_sort_weight":117,"slug":118},9,"Religion & Spirituality",20,"religion-spirituality",{"id":117,"doc_module":4,"doc_module_name":25,"category_name":120,"show_sort_weight":117,"slug":121},"World Cup","world-cup",{"id":123,"doc_module":4,"doc_module_name":25,"category_name":124,"show_sort_weight":123,"slug":125},10,"Lifestyle","lifestyle",{"id":127,"doc_module":4,"doc_module_name":25,"category_name":128,"show_sort_weight":96,"slug":129},19,"General","general",{"code":4,"msg":81,"data":131},{"doc_id":78,"user_id":132,"nickname":42,"user_avatar":133,"doc_module":4,"category_id":111,"category_name":29,"doc_title":10,"doc_description":12,"doc_content":134,"file_id":135,"file_url":136,"file_type":137,"file_size":138,"view_count":22,"is_deleted":4,"is_public":22,"is_downloadable":22,"audit_status":22,"page_count":33,"language":139,"language_code":8,"site_id":7,"html_lang":8,"table_of_contents":140,"faqs":141,"seo_title":142,"seo_description":12,"update_tm":79,"read_time":123},1099523882182,"https://ap-avatar.wpscdn.com/davatar_6f874abed73319feea01a86fa6f0fab8","Techno-Economic Analysis for New Technology Development  \nChris Burk, PE  \nBurk Engineering LLC, Salt Lake City, UT, USA, [cburk@burkengineeringllc.com](cburk@burkengineeringllc.com)  \nABSTRACT  \nTechno-economic modeling is a valuable tool for connecting R&D, engineering, and business. By linking process parameters to financial metrics, businesses can better understand the factors affecting the profitability of their projects and establish a basis for making objective, informed decisions.  \nThough not a new concept, TEM is still widely underutilized in new technology development. Developers and investors alike would benefit from awareness and earlier adoption of economic analysis. This paper addresses the techniques used in techno-economic analysis and their specific application to evaluating and developing new chemical, bioprocess, and related technologies.  \nKeywords: techno-economic, economic analysis, new technology development, innovation  \n1 INTRODUCTION  \nTechno-economic modeling (TEM) is a valuable tool for connecting R&D, engineering, and business. By linking process parameters to financial metrics, businesses can better understand the factors affecting the profitability of their projects.  \nTEM is useful throughout the technology development lifecycle. While considering new ideas, innovators can use TEM to assess economic feasibility and potential. At the bench scale, scientists can use TEM to identify the process parameters that have the greatest effect on profitability. During process development, engineers can use TEM to compare the financial impact of different process conditions and configurations. TEM incorporates information from all these stages of development, and offers a basis for making objective decisions.  \n2 THE TECHNO-ECONOMIC MODEL  \nA techno-economic model might also be called an integrated process and economic model, since it typically includes a process model, capital cost model, operating cost model, and cash flow analysis.  \nThe process model generates a stream table, which is the foundation of the techno-economic model. Information from the stream table is used in equipment sizing calculations to derive parameters necessary for estimating capital and operating costs. A user interface can consolidate important input and results on a single sheet, facilitating model operation and sensitivity analysis (Fig. 1) . When combined, these components allow us to efficiently explore process economics.  \n2.1 The Process Model  \nThe process model calculates stream properties used to estimate equipment sizes and costs, and typically consists of a process flow diagram, user input, calculations, and a stream table. The process model can be developed using either spreadsheet software or process simulation software.  \n2.2 The Capital Cost Model  \nCapital costs are one-time expenses, typically incurred atthe beginning of a project. They can range from thousands of dollars for a small system, to billions of dollars for a large plant. Capital costs are the investment on which economic benefits are expected to provide a return.  \nIn techno-economic modeling, capital costs are usually best estimated by applying historical-data-derived multiplying factors to major equipment costs. Major equipment costs can be estimated based on correlations from literature or from vendor quotes. The accuracy of these methods is typically in the range of-30% to +50% . [1,2]  \n2.3 Operating Costs  \nOperating costs can be divided into three categories: variable, fixed, and general. Variable operating costs scale with operating rate, whereas fixed operating costs do not. General operating costs are not directly related to operation, but still need to be considered for a complete economic analysis.  \nThe four major variable operating costs are raw materials, waste treatment, utilities, and operating labor. These are estimated based on the stream table, equipment sizing, and market prices. Fixed and general operating costs are then derived ","cbCaithsyvSwiAP5","https://ap.wps.com/l/cbCaithsyvSwiAP5","pdf",1146603,"English","# Introduction\n# The Techno-Economic Model\n## The Process Model\n## The Capital Cost Model\n## Operating Costs\n## Cash Flow Analysis\n# Sensitivity Analysis","[{\"question\":\"What is techno-economic modeling (TEM) used for?\",\"answer\":\"TEM connects process parameters from R\\u0026D and engineering to financial metrics, helping assess profitability drivers and enable objective decision-making.\"},{\"question\":\"What components are typically included in a techno-economic model?\",\"answer\":\"A TEM usually combines a process model, capital cost model, operating cost model, and cash flow analysis.\"},{\"question\":\"How does the paper describe operating costs in TEM?\",\"answer\":\"Operating costs are split into variable, fixed, and general categories, with variable costs tied to operating rate and other categories handled via scaling factors.\"}]","Techno-Economic Analysis for New Technology Development | PDF"]