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Evaluation Report
for ProyectoLisina
1. EXECUTIVE SUMMARY (2012 prices)
Total Capital Investment
Capital Investment Charged to This Project
Operating Cost
Revenues
Cost Basis Annual Rate
Unit Production Cost
Unit Production Revenue
Gross Margin

117,735,000
117,735,000
33,996,000
30,188,000
2,665,595
12.75
11.32
- 12.61

$
$
$/yr
$/yr
kg MP/yr
$/kg MP
$/kg MP
%

Return On Investment
Payback Time
IRR (After Taxes)
NPV (at 7.0% Interest)
MP = Flow of Component 'Lysine' in Stream 'Lisina'

5.72
17.47
N/A
- 67,318,000

%
years
$

August 26, 2013

- Page 1 -

2. MAJOR EQUIPMENT SPECIFICATION AND FOB COST (2012 prices)

Quantity/
Standby/
Staggered

Name

Description

1/0/0

ST-101

1/0/0

V-101

1/0/2

G-101

1/0/2

AF-101

1/0/2

AF-102

1/0/2

FR-101

1/0/0

V-102

1/0/0

V-104

1/0/0

SDR-101

1/0/0

V-105

1/0/0

EV-101

2/0/0

RVF-101

Heat Sterilizer
Rated Throughput = 30.74 m3/h
Blending Tank
Vessel Volume = 204953.69 L
Centrifugal Compressor
Power = 1096.58 kW
Air Filter
Rated Throughput = 0.61 m3/s
Air Filter
Rated Throughput = 3.39 m3/s
Fermentor
Vessel Volume = 216.56 m3
Blending Tank
Vessel Volume = 216555.74 L
Blending Tank
Vessel Volume = 19252.18 L
Spray Dryer
Dryer Volume = 6.34 m3
Flat Bottom Tank
Vessel Volume = 13857.85 L
Evaporator
Evaporation Area = 44.81 m2
Rotary Vacuum Filter
Filter Area = 41.62 m2
Unlisted Equipment

Unit Cost ($)

Cost ($)

658,000

658,000

609,000

609,000

1,220,000

3,660,000

12,000

36,000

105,000

315,000

2,212,000

6,636,000

624,000

624,000

271,000

271,000

160,000

160,000

30,000

30,000

202,000

202,000

148,000

296,000

TOTAL

3,374,000
16,871,000

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3. FIXED CAPITAL ESTIMATE SUMMARY (2012 prices in $)

3A. Total Plant Direct Cost (TPDC) (physical cost)
1. Equipment Purchase Cost
2. Installation
3. Process Piping
4. Instrumentation
5. Insulation
6. Electrical
7. Buildings
8. Yard Improvement
9. Auxiliary Facilities
TPDC

16,871,000
11,754,000
5,905,000
6,749,000
506,000
1,687,000
7,592,000
2,531,000
6,749,000
60,343,000

3B. Total Plant Indirect Cost (TPIC)

10. Engineering
11. Construction
TPIC

15,086,000
21,120,000
36,206,000

3C. Total Plant Cost (TPC = TPDC+TPIC)

TPC

96,549,000

3D. Contractor's Fee & Contingency (CFC)

12. Contractor's Fee
13. Contingency
CFC = 12+13

4,827,000
9,655,000
14,482,000

3E. Direct Fixed Capital Cost (DFC = TPC+CFC)

DFC

111,031,000

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4. LABOR COST - PROCESS SUMMARY

Labor Type
Operator
TOTAL

Unit Cost
($/h)

Annual Amount
(h)

Annual Cost
($)

59.80

28,485
28,485

1,703,407
1,703,407

100.00
100.00

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5. MATERIALS COST - PROCESS SUMMARY

Bulk Material
Process Water
Threonine
KH2PO4
Melaza
WFI
Water
TOTAL

Unit Cost
($)

Annual
Amount

0.0017
33.0000
0.0100
0.2500
0.0017
0.0017

36,553,187
53,310
165,690
19,409,594
5,695,417
7,711,658

kg
kg
kg
kg
kg
kg

Annual Cost
($)

62,140
1,759,233
1,657
4,852,399
9,682
13,110
6,698,221

0.93
26.26
0.02
72.44
0.14
0.20
100.00

NOTE: Bulk material consumption amount includes material used as:

- Raw Material
- Cleaning Agent
- Heat Transfer Agent (if utilities are included in the operating cost)

- Page 5 -

6. VARIOUS CONSUMABLES COST (2012 prices) - PROCESS SUMMARY

THE CONSUMABLES COST IS ZERO.

- Page 6 -

7. WASTE TREATMENT/DISPOSAL COST (2012 prices) - PROCESS

SUMMARY
Waste Category
Solid Waste
Filtrado
Aqueous Liquid
Organic Liquid
Emissions
TOTAL

Unit Cost
($)

Annual
Amount

0.0360

10,321,692

kg

Annual Cost
($)

371,581
371,581
0
0
0
371,581

100.00
100.00
0.00
0.00
0.00
100.00

- Page 7 -

8. UTILITIES COST (2012 prices) - PROCESS SUMMARY

Utility
Std Power
Steam
Cooling Water
Chilled Water
TOTAL

Unit Cost
($)

Annual
Amount

Ref.
Units

Annual Cost
($)

0.0700
4.2000
0.0800
0.1750

29,862,298
53,026
1,947,024
8,020,306

kW-h
MT
MT
MT

2,090,361
222,710
155,762
1,403,553
3,872,386

53.98
5.75
4.02
36.25
100.00

- Page 8 -

9. ANNUAL OPERATING COST (2012 prices) - PROCESS SUMMARY

Cost Item
Raw Materials
Labor-Dependent
Depreciation
Other Facility-Dependent
Laboratory/QC/QA
Consumables
Waste Treatment/Disposal
Utilities
Transportation
Miscellaneous
Advertising/Selling
Running Royalties
Failed Product Disposal
TOTAL

6,698,000
1,703,000
10,548,000
10,247,000
555,000
0
372,000
3,872,000
0
0
0
0
0
33,996,000

19.70
5.01
31.03
30.14
1.63
0.00
1.09
11.39
0.00
0.00
0.00
0.00
0.00
100.00

- Page 9 -

10. PROFITABILITY ANALYSIS (2012 prices)

A.
B.
C.
D.
E.
F.
G.

Direct Fixed Capital

Working Capital
Startup Cost
Up-Front R&D
Up-Front Royalties
Total Investment (A+B+C+D+E)
Investment Charged to This Project

H.

Revenue Rates
Lisina (Main Revenue)

I.

$/kg

30,187,573
30,187,573

$/yr
$/yr

23,448,000
33,996,000

$/yr
$/yr

Unit Production Cost /Revenue

Unit Production Cost (w/out depreciation)
Unit Production Cost (w/out depreciation)
Unit Production Revenue

M.
N.
O.

10.00

Annual Operating Cost (AOC)

AOC w/out Depreciation
AOC with Depreciation

L.

kg /yr

Revenues
Lisina (Main Revenue)
Total Revenues

K.

3,018,757

$
$
$
$
$
$
$

Revenue Price
Lisina (Main Revenue)

J.

111,031,000
1,152,000
5,552,000
0
0
117,735,000
117,735,000

Gross Profit (J-K)

Taxes (40%)
Net Profit (M-N + Depreciation)

Gross Margin
Return On Investment
Payback Time
MP = Flow of Component 'Lysine' in Stream 'Lisina'

8.80
12.75
11.32
- 3,809,000
0
6,740,000
- 12.61
5.72
17.47

$/kg MP
$/kg MP
$/kg MP
$/yr
$/yr
$/yr
%
%
years

- Page 10 -

- Page 11 -