In this study, a simulation technology for refrigeration cycle which can liquefy and store liquified petroleum gas (LPG) using pure propane as a refrigerant has been introduced. Cooling water as the second cooling medium was used for the liquefaction of propane. Peng-Robinson equation of state was used for the entire refrigeration cycle. A new alpha formulation proposed by Twu et al. was used for the more accurate prediction of vapor pressures of pure propane component and LPG constituents. API method for the accurate estimation of liquid densities of propane and LPG was used instead of using Peng-Robinson equation of state. PRO/II with PROVISION release 7.1, a general purpose chemical process simulator was used for the simulation of the overall refrigeration system. Through this work, we can successfully simulate the real propane refrigeration plant operating at domestic site.