This report presents a cost analysis of Propylene Glycol production from glycerol using a vapor-phase process. The process examined is similar to Davy Technologies process. In this process, technical grade glycerol (99.5 wt% glycerol content) is used as feedstock and ethylene glycol is generated as by-product. This report examines one-time costs associated with the construction of a United States-based plant and the continuing costs associated with the daily operation of such a plant. More specifically, it discusses: * Capital Investment, broken down by: - Total fixed capital required, divided in production unit (ISBL); infrastructure (OSBL) and contingency - Alternative perspective on the total fixed capital, divided in direct costs, indirect costs and contingency - Working capital and costs incurred during industrial plant commissioning and start-up * Production cost, broken down by: - Manufacturing variable costs (raw materials, utilities) - Manufacturing fixed costs (maintenance costs, operating charges, plant overhead, local taxes and insurance) - Depreciation and corporate overhead costs * Raw materials consumption, products generation and labor requirements * Process block flow diagram and description of industrial site installations (production unit and infrastructure) Keywords: Glycerin, Davy Process Technology, DPT, Propane-1,2-diol, Hydrogenolysis, Cargill, Ashland