This document presents research on the design and cost optimization of plate heat exchangers (PHE), which use metal plates to enhance heat transfer efficiency through a larger surface area compared to conventional heat exchangers. The study involved calculating the overall heat transfer coefficient, heat transfer rate, and the cost benefits of a newly designed PHE, resulting in significant cost savings and improved operational efficiency. Key findings include a lower cost for the new design compared to existing units and recommendations for selection based on maintenance and operational needs.