the principle of mass balance apply in chemical engineering processes, and what are its fundamental implications? Explore the concept of stoichiometry and its significance in reaction engineering. How do thermodynamics laws, particularly the first and second laws, govern chemical processes? Explain the concept of equilibrium and its relevance in chemical reactions. What are the key factors influencing reaction rates, and how do engineers optimize these rates in practical applications? Discuss the importance of transport phenomena in chemical engineering."