FEL 0- Identification Phase (Conceptual Process Design or Screening Study)

Industrial project opportunities can target revenue growth; product addition; reduction in expense; strategic growth; improved efficiency and/or improved reliability. Most clients typically identify opportunities by assessing the value and identifying uncertainties and key risks. Evaluation of opportunities on a consistent basis for comparison purposes is important. The basis for the first decision gate is a high-level screening study or conceptual process design study.  The quantum of work involves identifying promising processing pathway or major licensed technologies, screening the project down to one or more options, developing block flow diagrams, identifying major equipment and an Order of Magnitude capital cost estimate range generation (1MM, 20MM, 3100MM, etc.).