It is proposed to build a plant to produce 170,000 t·y−1 of a commodity chemical. A study of the supply and demand projections for the product indicates that current installed capacity in the industry is 6.8 × 106 t·y−1 , whereas total production is running at 5.0 × 106 t·y−1 . Maximum plant utilization is thought to be around 90%. If the demand for the product is expected to grow at 8% per year, and it will take 3 years to commission a new plant from the start of a project, what do you conclude about the prospect for the proposed project?
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It na lik ne ka time kasy late ho
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