Reflux Vessel 4 183524.

95
Packed bed reactor 1 355348.3
Flash Drum 1 514636.24
Heat Exchanger 13 242977.87
Fired Heater 1 11020726.66
Hydrogen absorber 1 1237569.23
Distillation Column 4 1350992.58
Storage Tank 4 1406848.3
Pumps 8 112798.37

Raw material Quantity Price/ kg

Ethanol 570000 0.5

Rationed to
Components Purchased Cost ( RM )
Equipment Cost (%)
Purchased Equipment - 113112211.2
Equipment erection 45 50900495.04
Instrumentations 15 16966831.68
Piping Installation 45 50900495.04
Electrical Installation 10 11311221.12
Structure and Buildings 10 11311221.12
Utilities 45 50900495.04
Site development 5 5655610.56
Land - 14115672
325174252.8

Dependency to
Components Purchased Cost ( RM )
Equipment (%)
Design and engineering 33 37327029.696
Contractor’s fee 22 24884686.464
Contingency 44 49769372.928
111981089.088

Fixed capital 437155341.888

Working Capital 65573301.2832
Total Capital Investment 502728643.1712

Summary of production cost

List Description Price (RM)
Variable Costs
 10% from
Miscellaneous Materials 4371553.41888
Maintenance
Raw Materials Flow sheet 96045000
Utilities 2000 kWh per day 680000
20000 m3 per month 340000
Sub total 101436553.41888
Fixed costs
Operating Labour 1000000
Maintenance 10% of fixed capital 43715534.1888
20% of Operating
Laboratory Cost 200000
Labour
50% of Operating
Plant Overheads 500000
Labour
Capital Charges 10% of fixed capital 43715534.1888
20% of Operating
Supervision 200000
Labour
50% of Operating
Insurance 500000
Labour
Local Taxes 2% of fixed capital 8743106.83776
Royalties 1% of fixed capital 4371553.41888
Sub total 102945728.63424
Direct Production costs
204382282.05312
(Variable + fixed)
20% direct production
Sales expense 40876456.410624
costs
20% direct production
General overhead 40876456.410624
costs
20% direct production
Research and Development 40876456.410624
costs
Sub total 122629369.231872
Annual Production Costs 327011651.284992

Annual production rate 100000

Annual production cost 327011651.284992
Production cost 3270.1165128499
Production selling price 3597.1281641349

Production at 100% of
100,000 tonne / year
capacity
Total capital investment 502728643.1712
Fixed capital investment 437155341.888
Working capital 65573301.2832
Sum of variable product costs
101436553.41888
at full capacity
Sum of the fixed cost (except
102945728.63424
depreciation)
Revenue 359712816.413491
Margin 258276262.994611
Cash Cost Production 204382282.05312
Gross Profit 155330534.360371
Taxes 71533798.718592
Net profit 83796735.6417793

ROI 0.1666838299
PBP 5.216854076

Year Year2 Gross Profit (RM)

0 0 0
0.2 2017 0
1 2018 155330534.360371
2 2019 155330534.4
3 2020 155330534.4
4 2021 155330534.4
5 2022 155330534.4
6 2023 155330534.4
7 2024 155330534.4
8 2025 155330534.4
9 2026 155330534.4
10 2027 155330534.4
11 2028 155330534.4
12 2029 155330534.4
13 2030 155330534.4
14 2031 155330534.4
15 2032 155330534.4
16 2033 155330534.4
17 2034 155330534.4
18 2035 155330534.4
19 2036 155330534.4
20 2037 155330534.4
 2936399.2
1421393.2
2058544.96
12634849.24
44082906.64
4950276.92
21615881.28
22509572.8
902386.96
113112211.2

Price
285000
96045000
 Double declining balance
MACRS DEPRECIATION RATE (5-year recovery period)
Recovery year Depreciation Rate%
1 20
2 32
3 19.2
4 11.52
5 11.52
6 5.76

Deprecition Taxable Income (RM) Tax Paid (RM)

0 0 0
0 0 0
87431068.3776 67899465.9827713 23764813.0939699
139889709.40416 15440824.99584 5404288.74854401
83933825.642496 71396708.757504 24988848.0651264
50360295.3854976 104970239.014502 36739583.6550758
50360295.3854976 104970239.014502 36739583.6550758
25180147.6927488 130150386.707251 45552635.3475379
0 155330534.4 54365687.04
0 155330534.4 54365687.04
0 155330534.4 54365687.04
0 155330534.4 54365687.04
0 155330534.4 54365687.04
0 155330534.4 54365687.04
0 155330534.4 54365687.04
0 155330534.4 54365687.04
0 155330534.4 54365687.04
0 155330534.4 54365687.04
0 155330534.4 54365687.04
0 155330534.4 54365687.04
0 155330534.4 54365687.04
0 155330534.4 54365687.04

Cumulati ve Cash Flow

2000000000

1500000000
 Cumulati ve Cash Flow
2000000000

1500000000

1000000000

500000000

0
0 5 10

-500000000

-1000000000
 Cash Flow (RM) DF ( 1 + i )^ - n Present Value npv (NPW)
0 0 0
-502728643.1712 1 -502728643.1712
155330534.360371 0.8928571429 138687977.107474
131565721.30603 0.7971938776 104883387.520751
149926245.651456 0.7117802478 106714540.283528
130341686.334874 0.6355180784 82834498.0355841
118590950.744924 0.5674268557 67291690.2978716
118590950.744924 0.5066311212 60081866.3373854
109777899.052462 0.4523492153 49657946.4977139
100964847.36 0.403883228 40778008.4642011
100964847.36 0.360610025 36408936.128751
100964847.36 0.3219732366 32507978.6863848
100964847.36 0.2874761041 29024980.9699864
100964847.36 0.2566750929 25915161.580345
100964847.36 0.2291741901 23138537.125308
100964847.36 0.2046198126 20659408.1475965
100964847.36 0.1826962613 18445900.1317826
100964847.36 0.1631216618 16469553.6890916
100964847.36 0.1456443409 14704958.6509746
100964847.36 0.1300395901 13129427.3669416
100964847.36 0.1161067769 11722703.0061979
100964847.36 0.1036667651 10466699.1126767
400795515.969346

Cumulati ve Cash Flow (RM)

Cumulati ve Cash Flow (RM)

10 15 20 25
Cumulative Cash Flow (RM)
0
-502728643.1712
-347398108.810829
-215832387.504799
-65906141.8533427
64435544.4815309
183026495.226455
301617445.971379
411395345.023841
512360192.383841
613325039.743841
714289887.103841
815254734.463841
916219581.823841
1017184429.18384
1118149276.54384
1219114123.90384
1320078971.26384
1421043818.62384
1522008665.98384
1622973513.34384
1723938360.70384
25
Reflux Vessel 4 183524.95 2936399.2
Packed bed reactor 1 355348.3 1421393.2
Flash Drum 1 514636.24 2058544.96
Heat Exchanger 13 242977.87 12634849.24

Fired Heater
1 11020726.66 44082906.64
Hydrogen absorber 1 1237569.23 4950276.92
Distillation Column 4 1350992.58 21615881.28
Storage Tank 4 1406848.3 22509572.8
Pumps 8 112798.37 902386.96
113112211.2

Raw material Quantity Price/ kg Price

Ethanol 570000 0.5 285000
96045000

Rationed to
Purchased
Components Cost ( RM )
Equipment
Cost (%)
Purchased Equipment - 113112211.2
Equipment erection 45 50900495.04
Instrumentations 15 16966831.68
Piping Installation 45 50900495.04
Electrical Installation 10 11311221.12
Structure and Buildings 10 11311221.12
Utilities 45 50900495.04
Site development 5 5655610.56
Land - 14115672
325174252.8

Dependency to
Purchased
Components Cost ( RM )
Equipment
(%)
Design and engineering 33 37327029.696
Contractor’s fee 22 24884686.464
Contingency 44 49769372.928
111981089.088

Fixed capital
437155341.888

Working Capital
65573301.2832
 Total Capital Investment
502728643.1712

Summary of production cost

List Description Price (RM)

Variable Costs

10% from
Miscellaneous Materials 4371553.4189
Maintenance

Raw Materials Flow sheet

96045000

2000 kWh per

Utilities 680000
day

20000 m3 per
340000
month

Sub total 101436553.42

Fixed costs

Operating Labour 1000000

10% of fixed
Maintenance 43715534.189
capital

20% of
Laboratory Cost Operating 200000
Labour
50% of
Plant Overheads Operating 500000
Labour

10% of fixed
Capital Charges 43715534.189
capital
 20% of
Supervision Operating 200000
Labour
50% of
Insurance Operating 500000
Labour

2% of fixed
Local Taxes 8743106.8378
capital

1% of fixed
Royalties 4371553.4189
capital

Sub total 102945728.634

Direct Production costs

204382282.05
(Variable + fixed)

20% direct
Sales expense production 40876456.411
costs

20% direct
General overhead production 40876456.411
costs

20% direct
Research and Development production 40876456.411
costs

Sub total 122629369.23

Annual Production Costs 327011651.285

Annual production rate 100000

Annual production cost 327011651.285

Production cost 3270.11651285

Production selling price 3597.12816413

Production at 100% of 100,000 tonne /

capacity year

Total capital investment 502728643.171

Fixed capital investment 437155341.888

Working capital 65573301.2832

Sum of variable product

101436553.419
costs at full capacity

Sum of the fixed cost

102945728.6342
(except depreciation)

Revenue 359712816.413
Margin 258276262.995 Double declining balance

Cash Cost Production 204382282.053

MACRS DEPRECIATION RATE (5-year recovery period)

Gross Profit 155330534.36
Recovery year Depreciation Rate%
Taxes 71533798.7186 1 20

Net profit 83796735.6418

2 32
3 19.2
4 11.52
ROI 0.1666838299 5 11.52
PBP 5.216854076 6 5.76

Year Year2 Gross Profit (RMDeprecition Taxable Income

0 0 0 0 0
0.2 2017 0 0 0
1 2018 155330534.36 87431068.3776 67899465.983
2 2019 206801645.5 139889709.4042 66911936.096
3 2020 206801645.5 83933825.6425 122867819.86
4 2021 206801645.5 50360295.3855 156441350.11
5 2022 206801645.5 50360295.3855 156441350.11
6 2023 206801645.5 25180147.69275 181621497.81
7 2024 206801645.5 0 206801645.5
8 2025 206801645.5 0 206801645.5
9 2026 206801645.5 0 206801645.5
10 2027 206801645.5 0 206801645.5
11 2028 206801645.5 0 206801645.5
12 2029 206801645.5 0 206801645.5
13 2030 206801645.5 0 206801645.5
14 2031 206801645.5 0 206801645.5
15 2032 206801645.5 0 206801645.5
16 2033 206801645.5 0 206801645.5
17 2034 206801645.5 0 206801645.5
18 2035 206801645.5 0 206801645.5
19 2036 206801645.5 0 206801645.5
20 2037 206801645.5 0 206801645.5
reciation Rate%

Tax Paid (RM) Cash Flow (RM) DF ( 1 + i )^ - n

Present Value npv ( Cumulative Cash Flow (RM)
0 0 0 0 0
0 -502728643.1712 1 -502728643.1712 -502728643.1712
23764813.0939699 155330534.36037 0.8928571429 138687977.107474 -347398108.810829
23419177.633544 183036832.40603 0.7971938776 145915842.160419 -164361276.404799
43003736.9501264 183382467.86646 0.7117802478 130528018.422621 19021191.4616573
54754472.5400759 163797908.54987 0.6355180784 104096532.088346 182819100.011531
54754472.5400759 152047172.95993 0.5674268557 86275649.2735518 334866272.971455
63567524.2325379 152047172.95993 0.5066311212 77031829.7085284 486913445.931379
72380575.925 143234121.26746 0.4523492153 64791842.3648059 630147567.198841
72380575.925 134421069.575 0.403883228 54290415.4883904 764568636.773841
72380575.925 134421069.575 0.360610025 48473585.2574914 898989706.348841
72380575.925 134421069.575 0.3219732366 43279986.8370459 1033410775.92384
72380575.925 134421069.575 0.2874761041 38642845.3902195 1167831845.49884
72380575.925 134421069.575 0.2566750929 34502540.5269817 1302252915.07384
72380575.925 134421069.575 0.2291741901 30805839.7562337 1436673984.64884
72380575.925 134421069.575 0.2046198126 27505214.0680658 1571095054.22384
72380575.925 134421069.575 0.1826962613 24558226.8464873 1705516123.79884
72380575.925 134421069.575 0.1631216618 21926988.2557922 1839937193.37384
72380575.925 134421069.575 0.1456443409 19577668.0855288 1974358262.94884
72380575.925 134421069.575 0.1300395901 17480060.7906507 2108779332.52384
72380575.925 134421069.575 0.1161067769 15607197.1345095 2243200402.09884
72380575.925 134421069.575 0.1036667651 13934997.4415264 2377621471.67384
635184613.83347
e Cash Flow (RM)