Please note! Course description is confirmed for two academic years, which means that in general, e.g. Learning outcomes, assessment methods and key content stays unchanged. However, via course syllabus, it is possible to specify or change the course execution in each realization of the course, such as how the contact sessions are organized, assessment methods weighted or materials used.

LEARNING OUTCOMES

After the course the student
1. Compose a process design for a plant or part of a plant for the next stage (investment proposal)
2. Assess the techno-economic feasibility of the selected industrial operation
3. Describe the full chain from R&D to plant start-up
4. Analyze the business, competition and markets with different methods
5. Apply business analysis methods (Five forces, PESTEL, business model canvas)
6. Assess, calculate and analyze the financial outcomes of businesses
7. Present a business model for the selected process
8. Describe long-range plan for business development
9. Possess 'out-of-the- box' mindset for design of industrial operations
10. Carry out successful negotiations

Credits: 5

Schedule: 10.01.2023 - 27.04.2023

Teacher in charge (valid for whole curriculum period):

Teacher in charge (applies in this implementation): Pekka Oinas

Contact information for the course (applies in this implementation):

CEFR level (valid for whole curriculum period):

Language of instruction and studies (applies in this implementation):

Teaching language: English. Languages of study attainment: English

CONTENT, ASSESSMENT AND WORKLOAD

Content
  • valid for whole curriculum period:

    The course format comprises of the following elements: lectures, 1 learning diary (15 %), group reports (60 %), business case demonstration (20 %) and individual activity (5 %).
    1. Introduction
    2. Basics of plant/process design
    3. Engineering diagrams (ChemStation, MS Visio) and equipment
    4. Cost assessment
    5. Strategic management (external lecturer(s))
    6. Marketing and sales, financial planning (external lecturer(s))
    7. Business development
    8. Exercises (Process computations with Aspen Plus simulation program, Business simulation, Business feasibility workshop)
    9. Group work. The group work consists of 3 reports:
    Report 1: State-of-the-art study of selected process, process alternatives, market and competitor analysis, capacity selection
    Report 2: Mass and energy balances, PFD's, plant layout and location. Investment estimate and prefeasibility analysis
    Report 3: Business simulation results, proposal to investors and stakeholders. Presentation of business model that captures the commercial value of the project.
    10. Business case seminar
    11. Learning diary

Assessment Methods and Criteria
  • valid for whole curriculum period:

    Lectures, exercises, group work, seminars, business simulation
    The course is very interactive comprising teaching from our school and business school. Students are expected to participate actively by:
    - Assembling into effective groups with a specific design topic
    - Writing learning diaries based on learnings and problems encountered
    - Conducting business cases of selected processes
    - Preparing thorough business analysis of selected group topics
    - Using business simulation (or game) as a tool with other groups
    - Having multidiscipline discussions
    There will also be more traditional lecturing, also by invited guest lecturers from the School of Business School and possibly from industry.

Workload
  • valid for whole curriculum period:

    5 cr = 135 h
    Lectures and exercises, 20-24 h
    Team work (preparation and meetings) 80 h
    Learning diary 8 h
    Individual work, 20-24 h

DETAILS

Study Material
  • valid for whole curriculum period:

    Lecture notes, project guide, articles

Substitutes for Courses
Prerequisites
SDG: Sustainable Development Goals

    6 Clean Water and Sanitation

    7 Affordable and Clean Energy

    9 Industry, Innovation and Infrastructure

    12 Responsible Production and Consumption

FURTHER INFORMATION

Further Information
  • valid for whole curriculum period:

    Teaching Period:

    2020-2021 Spring III-V

    2021-2022 Spring III-V

    Course Homepage: https://mycourses.aalto.fi/course/search.php?search=CHEM-E7185

    Registration for Courses: In the academic year 2021-2022, registration for courses will take place on Sisu (sisu.aalto.fi) instead of WebOodi.

    Sisu