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OpenPyTEA v1.2.0 - First release

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@pbtamarona pbtamarona released this 16 Jan 09:22
· 148 commits to main since this release
v1.2.0
43f4dc0

🟢 OpenPyTEA v1.2.0 – First Official Release

OpenPyTEA is now officially released as an open-source Python toolkit for techno-economic assessment (TEA) of chemical and energy process plants. This release delivers a transparent, modular, and reproducible framework for evaluating the economic feasibility of process designs.

🎯 Highlights

  • Equipment-level costing: Prebuilt cost correlations for over 150 equipment types with CEPCI-based inflation adjustment.
  • Plant-level TEA: CAPEX, OPEX, cash-flow, and financial metrics (NPV, IRR, PBT, LCOP) calculation.
  • Visualization tools: Stacked bar plots for direct costs, fixed capital, and operating expenses.
  • Sensitivity and uncertainty analysis: One-way, tornado plots, and Monte Carlo simulations for robust decision-making.
  • Modular and extensible: Fully open architecture for integration with process simulators, optimization tools, and LCA software.
  • Education-friendly: Ideal for teaching TEA without reliance on commercial tools.
  • Community-driven: Users can contribute new cost correlations, models, and visualization tools.

📦 Installation

pip install openpytea  # Recommended

Or for the development version:

pip install git+https://github.com/pbtamarona/OpenPyTEA

📚 Learn More

OpenPyTEA v1.2.0 lays the foundation for future updates, introducing a transparent, reproducible, and educational TEA framework in Python, with plans to include more flexible features, extended cost correlations, and enhanced analytical tools.

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