“…In this part, calculation of investment, capital cost, and revenue was conducted for CHDO and CTH process. The capital cost for manufacturing and facilities is defined as the total direct capital cost (TDC) ( Xiang et al, 2014 ; Zhou et al, 2019 ; Saavedra del Oso et al, 2020 ) which is estimated by the production capacity index approach, and it is defined as: where m is the total unit in process design, C E,i is the capital cost of each process corresponding to actual capacity Q, C basic indicates the capital cost with the base case capacity, α is the cost scale factor, and f is a comprehensive adjustment factor ( Zhou et al, 2019 ; Cormos, 2021 ; Marchese et al, 2021 ). Q/Q basic is 1/1 for both CHDO and CTH processes, the ratio of which was determined based on previous literature ( Zhou et al, 2019 ; Cormos, 2021 ; Marchese et al, 2021 ).…”