Self-directed learning project - 2013/Memo 4

The economic information below has been compiled from all the group submissions that were received by 08 November. Some groups provided very inaccurate cost estimates (numbers which when compared to typical value are wrong by several orders of magnitudes). These numbers were omitted from the summary. Other groups did not provide economic information for certain categories (e.g. labour costs, electricity costs, etc).

Your project report should include a detailed economic cost estimates for your section of the process. But your report should also include an overall economic analysis for the entire plant, using the numbers below. These economic costs certainly have error, so a sensitivity analysis is warranted.

Cost	Value per year 1,2	Note
All capital costs	$238,000,000 | 3 |- | Coal or biomass | $28,000,000	4
Electricity used	$34,000,000 | |- | Electricity produced | $8,000,000

• BFW: $3,000,000 per year # Perform your economic analysis in rounded integer values, no decimals. Also, do not work in $1000's of dollars, work in actual dollars in 2012. All costs are dollars per year (except for the capital costs, which are the initial costs). Assume the plant is build in 2012 and 2013, with production starting in 2015.

1. Review your economic analysis for your section. Make sure all your costs are reported in the correct year. Note that the template will assume your capital costs are in 1970's dollars, and scale up. If this is not the case for your cost estimate, then you must make adjustments to your numbers, or the spreadsheet.
2. Gasification: $80m, water removal and syngas cleaning $28m, methanol synthesis $50m, CCS and combustion $80m.
3. Cost of coal or biomass is roughly the same.