Multiobjective optimization (MOO) has been successfully used to improve the process design and operation, by finding trade-offs among conflicting objectives such as energy, capital cost, and profit. In this work, the cumene process design is modified to decrease the raw materials and product losses and to facilitate better energy integration. Here, two slightly different cumene process designs are presented and evaluated. One process design uses a column to vent off the undesired chemicals, whereas the other uses two flash tanks. Additionally, vapor recompression is applied in both the designs to recover energy. Then, MOO of both modified process designs is carried out to examine two trade-offs: total capital cost (TCC) versus material loss and TCC versus utility cost. For this, an Excel-based MOO program is used; it is based on the elitist nondominated sorting genetic algorithm. The cumene process design with column is found to be superior for the first trade-off, whereas the design with two flash tanks is better for the other trade-off. Further, both the designs are compared based on their cumene production capacities; column design is found to be overall superior. Finally, energy requirements of the developed cumene process designs are compared with those reported in recent studies.