In: Other
A plant to make 30 000 t y-1 of glycerine and comprising 11 process steps was built in the UK five years ago, with a total investment cost of GBP 48 million. A new plant for the production of 50 000 t y-1 of glycerine is now to be built near Ankara, Turkey. Because of more stringent international legislation, new glycerine plants require additional pollution control equivalent to 3 further process steps. Estimate the total investment cost in TRY (Turkish Lira) of such a plant using the data below.
Scale factor = 0.6
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 DATA  | 
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 8 y ago  | 
 5 y ago  | 
 Now  | 
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 Cost index: Turkey  | 
 150  | 
 223  | 
 342  | 
|
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 Cost index: UK  | 
 201  | 
 262  | 
 285  | 
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 Location factor, Turkey/UK  | 
 0.82  | 
 not available  | 
 not available  | 
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 Exchange rate, TRY/GBP  | 
 2.43  | 
 2.77  | 
 2.82  | 
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