While keeping the traditional centralized large-scale chemical production, the increasing market volatility and the rising use of renewable resources will require new production ways such as distributed, modularized, and small-scale production. The new emerging processes are expected to provide more flexibility, shorter time to market, and better use of distributed renewable raw materials (e.g. biomass) and energy (e.g. solar and wind). However, the traditional process evaluation methods such as TEA (Techno-Economic Analysis) tend to lower the value of the new processes since the small-scale would make higher capital cost and lower operation efficiency. Therefore, a new evaluation method is required…