COCO is a free steady-state simulation software that meets CAPE-OPEN standards. The software facilitates a thermodynamic environment, flowsheet tools, unit operations, reaction packages, and other useful tools.

One of the main components of COCO is COFE - the CAPE-OPEN Flowsheet Environment. It comes with an intuitive graphical user interface that displays properties of streams, deals with unit-conversion, and provides plotting facilities. COFE has a sequential solution algorithm using automatic tear streams.
Another component is TEA - COCO's Thermodynamics for Engineering Applications. This package is based on the code of the thermodynamic library of ChemSep and includes a data bank of over 430 commonly used chemicals. More than 100 property calculation methods with their analytical or numerical derivatives can be found in this package.
COUSCOUS is the CAPE-OPEN Unit-operations Simple package that is shipped with COCO. It contains various unit operations such as a splitter, a mixer, heat-exchangers, pumps, and reactors. Additionally, ChemSep-LITE, a limited version of ChemSep with a maximum of 40 compounds and 300 stages, can serve as an equilibrium distillation unit operation in COCO. A full version of the equilibrium and non-equilibrium column simulator can be obtained separately, but ChemSep-LITE is included in the COCO installation.
Lastly, COCO has the CAPE-OPEN Reaction Numerics package CORN, which facilitates specifying any kind of kinetic or equilibrium reaction. Simple reactor units, like conversion reactors, CSTRs, and plug flow reactors that can use the CORN package come with the COUSCOUS package.
The system requirements for the program are quite reasonable - Windows XP or higher. Overall, if you're in need of a free simulation environment, COCO is definitely worth considering.
Version 3.2.0.0: See http://cocosimulator.org/index_changes.html for a full list of changes for version 3.2