## Original #s 64,945,000 59,845,000 64,945,000 59,845,000 80,812,149 81,133,000 119171447 119,171,446.90 19,062,001 12,649,000 $1.55 $1.72



### Name Unit Cost ($) 101MH 121,000 979,000 104M 98,000 105V 33,000 106W 51,000 107V 44,000 307V 133,000 305V 9,000 303V 28,000 301V 50,000 302P 4,000 310V 161,000 321V 103,000 317V 84,000 319V 19,000 401E 285,000 402E 85,000 404P 7,000 405V 2,811,000



# Economic Evaluation Report for 40MGY Corn Oil Extraction (Back End) 1. EXECUTIVE SUMMARY (2007 prices) Total Capital Investment $
Production Rate kg MP/yr CoProduct Credits $ /yr Capital Investment Charged to This Project $ Operating Cost $/yr

Steam Energy is reduced by 5.4% due to oil extraction (assuems drying energy is unchanged) Ethanol Production Cost $ / Gallon Notes: Drying Energy (Nat. gas consumption) reduced by 26% - difference between baseline and 2022 Vanilla energy usage Steam Energy usage is difference between 2022 Vanilla thermal energy usage and drying (Nat. gas) energy

1 / 0 / 0 Belt Conveyor 121,000 Belt Length = 100.00 m 

# 2. MA JOR EQUIPMENT SPECIFICA TION AND FOB COST (2007 prices) Quantity/ Standby/ Staggered Description Cost ($)

1 / 0 / 0 Grinder 98,000 Size/Capacity = 46211.30 kg/h 1 / 0 / 0 Silo/Bin 979,000 Vessel Volume = 18540.14 m3

1 / 0 / 0 Hopper 51,000 Vessel Volume = 100.93 m3 1 / 0 / 0 Receiver Tank 33,000 Vessel Volume = 76.90 m3

1 / 0 / 0 Blending Tank 133,000 Vessel Volume = 45.29 m3 1 / 0 / 0 Receiver Tank 44,000 Vessel Volume = 76.90 m3

1 / 0 / 0 Receiver Tank 28,000 Vessel Volume = 8.77 m3 1 / 0 / 0 Hopper 9,000 Vessel Volume = 4.02 m3

1 / 0 / 0 Gear Pump 4,000 Power = 0.20 kW 1 / 0 / 0 Receiver Tank 50,000 Vessel Volume = 12.19 m3

1 / 0 / 0 Stirred Reactor 103,000 Vessel Volume = 52.10 m3 1 / 0 / 0 Blending Tank 161,000 Vessel Volume = 141.30 m3

1 / 0 / 0 Receiver Tank 19,000 Vessel Volume = 18.87 m3 1 / 0 / 0 Receiver Tank 84,000 Vessel Volume = 17.57 m3

85,000 Heat Exchange Area = 190.05 m2 1 / 0 / 0 Heat Exchanger 285,000 Heat Exchange Area = 197.87 m2

1 / 0 / 0 Fermentor 2,811,000 6-Jul-09

1 / 0 / 0 Gear Pump 7,000 Power = 0.06 kW 1 / 0 / 0 Heat Exchanger409V 91,000 410P 7,000 413E 459,000 608T 92,000 411P 16,000 501T 597,000 MX-101 0 503T 254,000 507T 168,000 511V 93,000 509V 34,000 513V 308,000 601V 197,000 605V 230,000 604MH 56,000 610D 2,268,000 612MH 123,000 FSP-101 0 MX-103 0 MX-104 0 313E 19,000 312E 105,000 304P 4,000 318P 4,000 320P 4,000 403V 115,000 611X 918,000 514P 40,000 510P 5,000 314V 174,000 412V 62,000 408E 19,000

Absorber Volume = 13.41 m3 1 / 0 / 0 Centrifugal Pump 7,000 Vessel Volume = 10446.33 m3 1 / 0 / 0 Absorber 91,000

Heat Exchange Area = 402.34 m2 1 / 0 / 0 Receiver Tank 92,000 Power = 3.16 HP 1 / 0 / 0 Heat Exchanger 459,000

Power = 50.00 HP 1 / 0 / 0 Distillation Column 597,000 Vessel Volume = 451.07 m3 1 / 0 / 0 Centrifugal Pump 16,000

Size/Capacity = 34233.06 kg/h 1 / 0 / 0 Distillation Column 254,000 Column Volume = 96.57 m3 1 / 0 / 0 Mixer 0

Column Volume = 3.72 m3 1 / 0 / 0 Flat Bottom Tank 93,000 Column Volume = 113.57 m3 1 / 0 / 0 Distillation Column 168,000

Vessel Volume = 339.24 m3 1 / 0 / 0 Flat Bottom Tank 308,000 Vessel Volume = 481.39 m3 1 / 0 / 0 Flat Bottom Tank 34,000

Vessel Volume = 755.41 m3 1 / 0 / 0 Blending Tank 230,000 Vessel Volume = 3392.22 m3 1 / 0 / 0 Blending Tank 197,000

Belt Length = 100.00 m 1 / 0 / 0 Rotary Dryer 2,268,000 Vessel Volume = 481.39 m3 1 / 0 / 0 Belt Conveyor 56,000

Belt Length = 100.00 m 1 / 0 / 0 Flow Splitter 0 Drying Area = 1235.35 m2 1 / 0 / 0 Belt Conveyor 123,000

Size/Capacity = 14697.18 kg/h 1 / 0 / 0 Mixer 0 Size/Capacity = 79164.08 kg/h 1 / 0 / 0 Mixer 0

Heat Exchange Area = 61.96 m2 1 / 0 / 0 Heat Exchanger 105,000 Size/Capacity = 135779.87 kg/h 1 / 0 / 0 Heat Exchanger 19,000

Power = 0.25 HP 1 / 0 / 0 Gear Pump 4,000 Heat Exchange Area = 112.94 m2 1 / 0 / 0 Gear Pump 4,000

Power = 0.02 kW 1 / 0 / 0 Blending Tank 115,000 Power = 0.25 HP 1 / 0 / 0 Gear Pump 4,000

Vessel Volume = 13.18 m3 1 / 0 / 0 Gear Pump 40,000 Vessel Volume = 2.97 m3 1 / 0 / 0 Wet Air Oxidizer 918,000

Power = 5.00 HP 1 / 0 / 0 Receiver Tank 174,000 Power = 1.79 HP 1 / 0 / 0 Gear Pump 5,000

Vessel Volume = 14.32 m3 1 / 0 / 0 Condenser 19,000 Vessel Volume = 14.16 m3 1 / 0 / 0 Flash Drum 62,000
Condensation Area = 58.68 m2316E 614,000 308P 25,000 311P 15,000 322P 15,000 406P 76,000 407P 15,000 502P 13,000 506P 6,000 508P 5,000 505P 4,000 606P 11,000 602P 13,000 609P 12,000 512P 5,000 315E 51,000 306P 4,000 MX-105 0 309E 28,000 MX-102 0 607Ev 3,259,000 103MH 61,000 504X 1,718,000 603 849,000 split 0 MX-106 0 FSP-103 0 MX-107 0 GBX-101 850,000 614E 0
TOTAL


## Original #s Heat Exchange Area = 490.85 m2 1 / 0 / 0 Centrifugal Pump 25,000 1 / 0 / 0 Heat Exchanger 614,000

Power = 50.00 kW 1 / 0 / 0 Centrifugal Pump 15,000 Power = 14.82 kW 1 / 0 / 0 Centrifugal Pump 15,000

Power = 25.33 HP 1 / 0 / 0 Centrifugal Pump 15,000 Power = 50.00 HP 1 / 0 / 0 Centrifugal Pump 76,000

Power = 50.00 HP 1 / 0 / 0 Centrifugal Pump 6,000 Power = 12.76 HP 1 / 0 / 0 Centrifugal Pump 13,000

Power = 10.00 HP 1 / 0 / 0 Centrifugal Pump 4,000 Power = 20.00 HP 1 / 0 / 0 Centrifugal Pump 5,000

Power = 20.00 HP 1 / 0 / 0 Centrifugal Pump 13,000 Power = 0.35 HP 1 / 0 / 0 Centrifugal Pump 11,000

Power = 20.00 HP 1 / 0 / 0 Centrifugal Pump 5,000 Power = 50.00 HP 1 / 0 / 0 Centrifugal Pump 12,000

Heat Exchange Area = 179.12 m2 1 / 0 / 0 Gear Pump 4,000 Power = 10.00 HP 1 / 0 / 0 Heat Exchanger 51,000

Size/Capacity = 15046.90 kg/h 1 / 0 / 0 Heat Exchanger 28,000 Power = 5.00 HP 1 / 0 / 0 Mixer 0

Size/Capacity = 39800.21 kg/h 1 / 0 / 0 Evaporator 3,259,000 Heat Exchange Area = 52.14 m2 1 / 0 / 0 Mixer 0

Size/Capacity = 46350.35 kg/h 1 / 0 / 0 Component Splitter 1,718,000 Evaporation Area = 684.51 m2 1 / 0 / 0 Flow Splitter 61,000

Throughput = 1725.62 L/min 1 / 0 / 0 Component Splitter 0 Size/Capacity = 19431.52 kg/h 1 / 0 / 0 Disk-Stack Centrifuge 849,000

Size/Capacity = 24049.33 kg/h 1 / 0 / 0 Flow Splitter 0 Size/Capacity = 108014.97 kg/h 1 / 0 / 0 Mixer 0

Size/Capacity = 83965.63 kg/h 1 / 0 / 0 Generic Box 850,000 Size/Capacity = 83965.63 kg/h 1 / 0 / 0 Mixer 0

Heat Exchange Area = 96.54 m2 Unlisted Equipment 0 19,215,000 Size/Capacity = 17854.00 kg/h 9 / 0 / 0 Heat Exchanger 0



# 3. DIRECT FIXED CAPITAL COST (DFC) SUMMARY (2007 prices in $) Section Name DFC ($)0 4,161,000 4,959,000 12,141,000 9,750,000 26,634,000 2,200,000 59,845,000

0.00 0 0 52.00 47,520 2,471,040 47,520 2,471,040



## Original #s 0.141 367,094,784 51,917,691 50,567,306 0.090 438,190 39,437 39,437 0.220 733,337 161,334 161,334 2.250 257,139 578,562 578,562 2.250 371,408 835,669 835,669 0.110 733,337 80,667 80,667 0.012 18,423,742 223,296 223,296 1.860 96,466 179,426 179,426 0.000 157,719,657 6,940 6,940 0.723 2,383,429 1,722,266 1,722,266 0.000 272,159,431 0 0 0.021 20,200,617 431,283 431,283

840,611,535 56,176,571 54,826,186



### Annual Amount Reference Units 

## Original #s 29,829,912 kWh 1,968,774 36,065,811 257,869,821 kg 6,608,610 0 1,249,392,804 kg 124,939 1,249,392,804

0 kg 0 0 8,614,248 kg 3,128,393 11,640,876 5,295,747,600 kg 370,702 5,295,747,600 13,032,037,028 kg 0 13,032,037,028 361,033,783 kg 25,272 361,033,783 3,171,803,970 kg 222,023 3,171,803,970

0 kg 0 0 0 kg 0 97,727,110 0 kg 0 32,533,206 0 kg 0 175,958,929 95,434,704 kg 0 95,434,704 10,654,669 kg 266,367 10,654,669 153,266,788 kg 0 153,266,788 Main Section 0 Grain Handling & Milling 4,161,000 Ethanol Processing 9,750,000 CoProduct Processing 26,634,000 Starch to Sugar Conversion 4,959,000 Fermentation 12,141,000 Common Suport Systems 2,200,000 Plant DFC 64,945,000 Corn Oil Extraction Unit 5,100,000


# 4. LABOR COST - PROCESS SUMMARY Labor Type Unit Cost ($/h) Annual Amount (h) Annual Cost ($) %

TOTAL 100.00


# 5. RA W MA TERIALS COST - PROCESS SUMMARY Operator 0.00 Plant Operators 100.00



### % Corn 92.23 Lime 0.07 

### Bulk Raw Material Unit Cost ($/kg) Annual Amount (kg) Annual Cost ($)

Glucoamylase 1.52 Sulfuric Acid 0.15 Liq. Ammonia 0.29 Alpha-Amylase 1.06

Water 0.01 Octane 3.14 Caustic 0.41 Yeast 0.33

TOTAL 100.00 

# 6. VARIOUS CONSUMABLES COST (2007 prices) - PROCESS SUMMARY Air 0.00 Steam 0.79

THE CONSUMABLES COST IS ZERO. 

# 7. UTILITIES COST (2007 prices) - PROCESS SUMMARY Utility Annual Cost ($) %
Cooling Water 0.83 Chilled Water 0.00 Electricity 14.30 Steam 0.00

CT Water NoCost 0.00 CT Water 35Cout 0.17 Natural Gas 28.43 CT Water 2.45

Steam 50 PSI 16.15 Steam 6258 BTU 5.38 CT Water 31Cout 1.47 Well Water 0.00

Steam (High P) 1.76 Air 0.00 Steam 2205 BTU 29.07 Rectifier OH 0.0012,715,081



### $ 

## Original #s 56,176,571 54,826,000 2,471,000 2,471,000 9,449,498 8,705,000 0 0 12,715,081 15,130,000

0 0 0 0 0 0 80,812,149 81,133,000



## Original #s 64,945,000 59,845,000

0 0 0 0 0 0 0 0 64,945,000 59,845,000 64,945,000 59,845,000
112,009,521 112,009,521 119,171,447 119,171,447 111,511,795 121,203,097 9,691,302 0 

## Original #s 0.678 0.68 

## Original #s 0.000 0.00 0.690 0.65 0.139 0.10 0.364 

### I. Production Unit Cost

ETHANOL $/kg Total flow in Corn Oil kg/yr

Total flow in Corn Oil $/kg 

# 8. ANNUAL OPERA

TING COST (2007 prices) - PROCESS SUMMARY Cost Item % Raw Materials 67.58 TOTAL 100.00

Consumables 0.00 Utilities 18.65 Labor-Dependent 3.05 Facility-Dependent 10.73

Failed Product Disposal 0.00 TOTAL 100.00 Advertising/Selling 0.00 Running Royalties 0.00



# 9. PROFITABILITY ANALYSIS (2007 prices) A. Direct Fixed Capital $ B. Working Capital $ C. Startup Cost $
$ D. Up-Front R&D $ E. Up-Front Royalties $



### H. Revenue Stream Flowrates

Total flow in CO2 kg/yr F. Total Investment (A+B+C+D+E) $ G. Investment Charged to This Project



### J. Selling / Processing Price

Total flow in CO2 $/1000 kg Total flow in ETHANOL kg/yr Total flow in Pellets kg/yr

Total flow in ETHANOL $/kg Total flow in Pellets $/kg

## Original #s 0 0 82,244,586 77,461,000 15,531,586 12,649,000 3,530,415$/yr 101,306,587 90,110,000.00 Original #s 80,812,149 81,133,000 

## Original #s 20,494,438 8,978,000 8,197,775 3,591,000 18,791,163 11,369,000 

## Original #s 20.23 9.96 28.93 19.00 3.46 5.26 Corn Oil 

### K. Revenues

CO2 $/yr

Total Revenues $/yr 

### L. Annual Operating Cost

ETHANOL $/yr Pellets $/yr

AOC $/yr M. Gross Profit (K-L) $/yr N. Taxes (40%) $/yr O. Net Profit (M-N + Depreciation) $/yr

Payback Time years Gross Margin % Return On Investment %

## $0.218 $1.825 $0.417 $1.626 $0.237 $1.788 $0.477 $1.547 $0.019 -$0.037 $0.060 -$0.079 R. Production Cost Change with Oil Extraction 

## Capital Cost Per Gallon Operating Cost Per Gallon Capital Cost Per Gallon Operating Cost Per Gallon Co-Product Revenue Per Gallon Total Cost Per Gallon

Co-Product Revenue Per Gallon Total Cost Per Gallon Capital Cost Per Gallon Operating Cost Per Gallon Co-Product Revenue Per Gallon Total Cost Per Gallon Q. Cost Per Gallon Ethanol with Oil Extraction P. Cost Per Gallon Ethanol2,163,949

0 124,939 0 4,301,537 370,702 0 25,272 222,026 0 2,443,178 813,330 4,398,973 0 266,367 015,130,273



## -1,495,311 -0.037383

## Assuming a 10 Year Straight Line Depreciation Total Investment / Net Profit

# Natural Gas Case

Inputs & Outputs Operatig Hours / Year 

## 7920 Hours / Year Final Product 150 Psig Steam Quantity 71,631 pounds / hour Energy in Product 1,200 BTU/ Pound System Efficency 88.0% Steam Energy Required (to process) 680,776 MMBTU/Year Energy Required (w/efficiency loss) 773,609 MMBTU/Year Fuel Natural Gas BTU Content 1,030,000 BTU / MCF Amount Required 94.8330 MCF / Hr Fuel Cost $7.98$ / MCF $7.75 $ / MMBTU Electricity Amount Required 20.0565416 kWh Electricity Cosy 0.066$ / Kwh Make Up Water % Loss to Make Up - 2.7% 1934.02366 Lbs / hr Cost of Boiler Make Up - $25 / MCF $0.0004$ / Lb Capital Cost 

## Pkg Boiler 800,000 FD Fan Included above - Use 25 HP above Stack 25,000 Deaerator 50,000 Pumps 25,000 Controls 75,000 Instalation - Allowance 400,000 Engineering 8% all above 110,000 Misc Electrical Ereqd Material Handling & Storage None Conveyors Unloading Breakdown Storage Areas

## Ash Handling & Treatment None

Conveyors Ash Handling disposal Total Capital Cost 1,500,000 Use Annual Operating Cost Fuel & Utilities Natural Gas 5,995,473 Electricity 10,000 Make Up Water 6,137 Operating Labor Use 1 Men at $50 / hr 396,000 Maintenance - Labor & Matl 30,000 Use 2% Capital Cost Overheads & Misc -5% Labor & Maint 21,000 Depreciation - 10 Yrs straight line 150,000 Annual Steam Production $6,608,610Cost Per Year Unit Steam production Cost $11.65 Cost per 1,000 pounds of steam Unit Steam production Cost $25.67Cost per MT of Steam Use $26.00 MT Steam

## 7920

150 90000 1200 0.88 Energy in Steam / Energy in Fuel 855360 972000 Natural Gas 1030000 119.152692 7.4263 $7.21$/MMBtu

27 See calcualtion below 0.061
2430 0.00040064

800000 Richardson 2001 Pkg boiler plus escallation above 18.85 25000 50000 25000 12.8 kw Total 17.169537Theoretical Pump Hp Reqd 75000 400000 110000 10 KW None

## None

1500000 41.67564kw / 1500000 lbs steam 0.28Kwh per 1,000 pounds of steam

7008120 13000 7710.57692
396000 30000
21000 150000 7625830.58 10.6984155 23.5793078 24

## Energy Costs from AEO 2009 (2022 Projections - in 2007 $)

0.066$/kWh 7.75 $/MMBTU Natural Gas 21,300 BTU/lb Natural Gas Capital Costs (Installed) 3,600,000 From Mueller Report, Done with Midwest CHP center (DOE) Energy Use Changes with CHP (From USDA Models/My Calculations) 0.354 kWh/gal Electricity Decrease 2239 BTU/gal Natural Gas Increase Co-Product Prices (2022 Price from FASSOM) 126.62$/ton DDGS 0.139282$/kg DDGS Corn Price (2022 Price from FASSOM) 3.60$/bushel corn 0.141$/kg corn Ethanol Selling Price (AEO 2009 - 2022 Projections in 2007$) 2.061$/Gal EtOH (Wholesale) 0.690$/kg Corn Oil Extraction Details 367,094,784Corn Used Per Year (kg) 4.00%% Oil in Corn 66.0%% Oil Extracted 0.165585 Corn Oil Selling Price ($/lb) 331.17Corn Oil Selling Price ($/ton) *Corn Oil extraction numbers (including cost) from USDA study of GS CleanTech Oil Extraction System