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["Crop","Biofuel Conversión (L/t dry)","Oil/TFS/starch content (%)","Solvent","Oil/sugar/starch Recovery (%)","References"]
["Barley",402,0.64200000000000002,"no",0.6,"http://www.sciencedirect.com/science/article/pii/S0308814604008544"]
["Cassava",180,0.26500000000000001,"no",0.6,"Dry Cassava"]
["Maize",410,0.77800000000000002,"no",0.52]
["Soybean",183,0.20899999999999999,"yes",0.8]
["Sugarbeet",90,0.2,"no",0.75,"http://fins.uns.ac.rs/index.php?mact=Magazines,cntnt01,details,0&cntnt01hierarchyid=8&cntnt01sortby=magazine_id&cntnt01sortorder=asc&cntnt01summarytemplate=current&cntnt01detailtemplate=detaljno&cntnt01cd_origpage=180&cntnt01magazineid=67&cntnt01returnid=188"]
["Sugarcane",81,0.18,"no",0.74,"Burned & Cropped (B&C) SUGAR cane "]
["Sorghum",420,0.7,"no",0.6,"http://www.scielo.br/scielo.php?pid=S0104-66322011000400005&script=sci_arttext"]
["Wheat",389,0.73699999999999999,"no",0.55000000000000004,"http://www.mhprofessional.com/downloads/products/0071487492/DrapchoCh4.pdf"]
["Feedstock 1"]
["Feedstock 2"]
["Feedstock 3"]
["Feedstock 4"]
[]
[]
[]
[]
[]
["Data for fuels"]
[null,"Energy content","Density"]
[null,"MJ/L","kg/L"]
["Ethanol",21.2,0.78900000000000003]
["Gasoline",32.1,0.745,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Wood forest residues"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Wood processing residues"]
[]
["Emission Rates for electricity","gCO2 /kWh",null,null,"logic","Pretreatment"]
["Please Select",null,null,"User Defined","yes","Please Select",null,null,null,"Data of chemical composition of raw materials used in the calculation of mass and energy balances"]
["Albania",11,"2012 Climate Registry Default Emission Factors, Released: January 6, 2012","Default by Country","no","Diluted Acid"]
["Algeria",576,null,null,null,"Steam Explosion",null,null,null,null,null,"Raw materials"]
["Angola",237,null,null,null,null,null,null,null,"Composition - dry basis",null,"Wheat Straw","Maize Stover","Miscanthus giganteus","Arundo donax","Barley straw","Oat straw","Rice straw","Sorghum straw","Sugarcane bagasse","Napier grass","Oil palm empty fruit bunch","Switchgrass","Willow","Poplar","Wood processing residues","Spruce","Wood forest residues"]
["Argentina",355,null,null,null,null,null,null,null,"Cellulose","wt.%",0.3488120950323973,0.45086705202312138,0.44680851063829791,0.33010130729880627,0.32500000000000001,0.371,0.37,0.35870000000000002,0.33600000000000002,0.36340000000000006,0.23699999999999999,0.37,0.38500000000000001,0.40300000000000002,0.41099999999999998,0.41099999999999998,0.41099999999999998]
["Armenia",108,null,null,null,null,null,null,null,"Hemicellulose","wt.%",0.25485961123110146,0.22080924855491332,0.18034447821681865,0.27239292520645958,0.25700000000000001,0.249,0.22699999999999998,0.26040000000000002,0.28999999999999998,0.30120000000000002,0.216,0.316,0.17599999999999999,0.32900000000000001,0.20899999999999999,0.20899999999999999,0.20899999999999999]
["Australia",853,null,null,null,null,null,null,null,"Lignin","wt.%",0.18466522678185748,0.1745664739884393,0.21884498480243164,0.18021331371827876,0.23,0.154,0.13600000000000001,7.5200000000000003E-2,0.185,0.27399999999999997,0.29199999999999998,0.21600000000000003,0.26300000000000001,0.25600000000000001,0.28000000000000003,0.28000000000000003,0.28000000000000003]
["Austria",163,null,null,null,null,null,null,null,"Ash","wt.%",8.6393088552915762E-2,4.971098265895954E-2,2.6342451874366773E-2,4.2127787622454775E-2,9.8000000000000004E-2,5.9000000000000004E-2,0.15640000000000001,1.49E-2,1.49E-2,5.7000000000000002E-2,7.5399999999999995E-2,4.0000000000000036E-3,{"$f":"1-SUM(X31:X33,X35:X36)","v":5.4999999999999938E-2},5.0000000000000001E-3,3.0000000000000001E-3,3.0000000000000001E-3,3.0000000000000001E-3]
["Azerbaijan",443,null,null,null,null,null,null,null,"Extractives","wt.%",5.8315334773218132E-2,5.7803468208092484E-2,0.10638297872340427,0.14841686448894981,0.09,0.1669999999999999,0.11059999999999988,0.2908,0.17410000000000012,4.3999999999998355E-3,{"$f":"0.1796/2","v":8.9800000000000005E-2},6.4000000000000001E-2,{"$f":"2.6%+1%+2.4%","v":6.0000000000000005E-2},{"$f":"0.3%","v":3.0000000000000001E-3},{"$f":"(1-SUM($AB$31:$AB$34))/2","v":4.8499999999999988E-2},{"$f":"(1-SUM($AA$31:$AA$34))/2","v":4.8499999999999988E-2},{"$f":"(1-SUM($AB$31:$AB$34))/2","v":4.8499999999999988E-2}]
["Bahrain",665,null,null,null,null,null,null,null,"Others ","wt.%",6.6954643628509711E-2,4.6242774566473993E-2,2.1276595744680854E-2,2.6747801665050652E-2,0,0,0,0,0,0,{"$f":"0.1796/2","v":8.9800000000000005E-2},0.03,6.0999999999999999E-2,{"$f":"1-SUM(Y31:Y35)","v":4.0000000000000036E-3},{"$f":"(1-SUM($AB$31:$AB$34))/2","v":4.8499999999999988E-2},{"$f":"(1-SUM($AA$31:$AA$34))/2","v":4.8499999999999988E-2},{"$f":"(1-SUM($AB$31:$AB$34))/2","v":4.8499999999999988E-2}]
["Bangladesh",585,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(L31:L36)","v":0.99999999999999978},1,1.0000000000000002,0.99999999999999978,1,1,0.99999999999999989,1,1,1,{"$f":"SUM(V31:V36)","v":0.99999999999999989},1,1,{"$f":"SUM(Y31:Y36)","v":1},{"$f":"SUM(Z31:Z36)","v":1},1,{"$f":"SUM(AB31:AB36)","v":1}]
["Belarus",302]
["Belgium",218,null,null,null,null,null,null,null,"Moisture","wt.%",0.06,0.09,0.15,0.15,6.9000000000000006E-2,8.2000000000000003E-2,7.0099999999999996E-2,7.0000000000000007E-2,7.0000000000000007E-2,0.05,0.15,0.13,0.111,0.15,0.1,0.1,0.1]
["Benin",725,null,null,null,null,null,null,null,"Source: Energy research center of the Netherlands (ECN). Phyllis 2 database"]
["Bolivia",393,null,null,null,null,null,null,null,"https://www.ecn.nl/phyllis2/Browse/Standard/ECN-Phyllis#barley straw"]
["Bosnia and Herzegovina",776,null,null,null,null,null,null,null,"https://www.ecn.nl/phyllis2/Browse/Standard/ECN-Phyllis#corn stover"]
["Botswana",2063,null,null,null,null,null,null,null,"https://www.ecn.nl/phyllis2/Browse/Standard/ECN-Phyllis#oat",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sugar Analysis"]
["Brazil",64,null,null,null,null,null,null,null,"https://www.ecn.nl/phyllis2/Browse/Standard/ECN-Phyllis#rice straw",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sugar Analysis"]
["Brunei Darus salam",755,null,null,null,null,null,null,null,"http://www.scielo.br/scielo.php?pid=S0100-40422013000500002&script=sci_arttext",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Measured"]
["Bulgaria",463,null,null,null,null,null,null,null,"https://www.ecn.nl/phyllis2/Browse/Standard/ECN-Phyllis#wheat straw",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Measured"]
["Cambodia",1151,null,null,null,null,null,null,null,"https://www.ecn.nl/phyllis2/Browse/Standard/ECN-Phyllis#bagasse",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Measured"]
["Cameroon",243,null,null,null,null,null,null,null,"https://www.ecn.nl/phyllis2/Browse/Standard/ECN-Phyllis#miscanthus",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Measured"]
["Chile",373,null,null,null,null,null,null,null,"http://www.sciencedirect.com/science/article/pii/S0144861712010144",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Measured"]
["Taiwan",743,null,null,null,null,null,null,null,"https://www.ecn.nl/phyllis2/Browse/Standard/ECN-Phyllis#empty fruit",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Measured"]
["Chinese Taipei",635,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Measured"]
["Colombia",175]
["Congo",207]
["Costa Rica",40]
["Côted'Ivoire",426]
["Croatia",283]
["Cuba",752]
["Cyprus",744]
["Czech Republic",514]
["Dem. Rep. of Congo",3]
["Denmark",303]
["Dominican Republic",591]
["DPR of Korea",499]
["Ecuador",290]
["Egypt",466]
["El Salvador",319]
["Eritrea",672]
["Estonia",704]
["Ethiopia",118]
["Finland",205]
["France",90]
["FYR of Macedonia",710]
["Gabon",322]
["Georgia",129]
["Germany",430]
["Ghana",187]
["Gibraltar",740]
["Greece",722]
["Guatemala",349]
["Haiti",547]
["Honduras",344]
["HongKong, China",763]
["Hungary",302]
["Iceland",0]
["India",951]
["Indonesia",746]
["Iraq",684]
["Ireland",465]
["Islamic Rep. Of Iran",630]
["Israel",695]
["Italy",386]
["Jamaica",544]
["Japan",415]
["Jordan",581]
["Kazakhstan",480]
["Kenya",395]
["Korea",498]
["Kuwait",870]
["Kyrgyzstan",81]
["Latvia",153]
["Lebanon",717]
["Libyan Arab Jamahiriya",872]
["Lithuania",111]
["Luxembourg",384]
["Malaysia",649]
["Malta",850]
["Mongolia",535]
["Morocco",638]
["Mozambique",1]
["Myanmar",196]
["Namibia",237]
["Nepal",4]
["Netherlands",374]
["Netherlands Antilles",707]
["New Zealand",167]
["Nicaragua",506]
["Nigeria",416]
["Norway",17]
["Oman",842]
["Pakistan",458]
["Panama",302]
["People's Rep. of China",743]
["Peru",236]
["Philippines",478]
["Poland",640]
["Portugal",368]
["Qatar",494]
["Republic of Moldova",400]
["Romania",414]
["Russian Federation",317]
["Saudi Arabia",757]
["Senegal",614]
["Serbia",680]
["Singapore",519]
["Slovak Republic",222]
["Slovenia",316]
["South Africa",926]
["Spain",299]
["SriLanka",460]
["Sudan",356]
["Sweden",43]
["Switzerland",40]
["Syrian Arab Republic",641]
["Tajikistan",29]
["Thailand",513]
["Togo",202]
["Trinidad and Tobago",719]
["Tunisia",538]
["Turkey",480]
["Turkmenistan",789]
["Ukraine",374]
["United Arab Emirates",631]
["United Kingdom",450]
["United Rep.of Tanzania",281]
["Uruguay",253]
["Uzbekistan",461]
["Venezuela",199]
["Vietnam",384]
["Yemen",630]
["Zambia",3]
["Zimbabwe",619]

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[]
[null,"Selection of pretreatment technology"]
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[null,null,null,null,"Steam Explosion","SE"]
[]
[]
[null,"Ethanol Yields"]
[null,"Yields calculated based on mass balances per technology and feedstock",null,null,null,null,140000,{"$f":"G9/$G$12","v":0.54474708171206221}]
[null,null,null,null,null,null,17000,{"$f":"G10/$G$12","v":6.6147859922178989E-2}]
[null,null,"Yield - L/t (wet)",null,null,null,100000,{"$f":"G11/$G$12","v":0.38910505836575876}]
[null,"Feedstock",{"$f":"D4","v":"DA"},null,null,null,{"$f":"SUM(G9:G11)","v":257000}]
["FS1",{"$f":"'Data Entry Needs'!$E$11","v":" "},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&A13&\"!$C$74\")","v":0}]
["FS2",{"$f":"'Data Entry Needs'!$F$11","v":" "},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&A14&\"!$C$74\")","v":0},null,null,null,null,null,"Efficiency of turbine"]
["FS3",{"$f":"'Data Entry Needs'!$G$11","v":" "},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&A15&\"!$C$74\")","v":0},null,null,null,null,null,0.85]
["FS4",{"$f":"'Data Entry Needs'!$H$11","v":" "},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&A16&\"!$C$74\")","v":0}]
["MFS","Multifeedstock",{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&A17&\"!$C$74\")","v":0},null,null,null,null,null,"Multiplier for cogeneration and selection of Cogeneration technology - single feedstock"]
[null,null,null,null,null,null,null,null,{"$f":"'Data Entry Needs'!$M$26","v":1}]
[]
[null,"Biomass Requirements",null,null,null,null,null,null,"Multiplier for cogeneration and selection of Cogeneration technology - multifeedstock",null,null,null,null,"Cogeneration","Thermal Efficiency","Electric efficiency","Capex factor"]
[null,null,null,null,null,null,null,null,{"$f":"'Data Entry Needs'!$M$26","v":1},null,null,null,null,"No Cogeneration",0.2,0.2,null,"For calculations only"]
[null,null,"t dry/year ",null,null,null,null,null,null,null,null,null,null,"Simple",0.2,0.2,2.4999999999999991]
[null,"Feedstock","5 ML","25 ML","50 ML","100 ML",null,null,{"$f":"'Data Entry Needs'!F26","v":"Simple"},null,null,null,null,"Semi-Advanced",0.63,0.2,1]
["FS1",{"$f":"'Data Entry Needs'!$E$11","v":" "},{"$f":"IFERROR(5000000/$C13,0)","v":0},{"$f":"IFERROR(25000000/$C13,0)","v":0},{"$f":"IFERROR(50000000/$C13,0)","v":0},{"$f":"IFERROR(100000000/$C13,0)","v":0},null,null,"Electrical efficiency",{"$f":"VLOOKUP($I$23,$N$21:$Q$24,3,FALSE)","v":0.2},null,null,null,"Advanced",0.71,0.3,0.48]
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["FS4",{"$f":"'Data Entry Needs'!$H$11","v":" "},{"$f":"IFERROR(5000000/$C16,0)","v":0},{"$f":"IFERROR(25000000/$C16,0)","v":0},{"$f":"IFERROR(50000000/$C16,0)","v":0},{"$f":"IFERROR(100000000/$C16,0)","v":0},null,null,"Capex factor",{"$f":"VLOOKUP($I$23,$N$21:$Q$24,4,FALSE)","v":2.4999999999999991}]
["MFS","Multifeedstock",{"$f":"IFERROR(5000000/$C17,0)","v":0},{"$f":"IFERROR(25000000/$C17,0)","v":0},{"$f":"IFERROR(50000000/$C17,0)","v":0},{"$f":"IFERROR(100000000/$C17,0)","v":0}]
[]
[]
[null,"Inputs/outputs for costs and financial analyses",null,null,null,null,null,null,null,"Capital Investment all plant: Ethanol + cogeneration"]
[null,null,null,null,null,null,null,null,null,null,null,"Plant cost index oct/2015",null,142,null,"Plant cost index updated"]
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[]
[null,"FS2","Unit","5 ML","25 ML","50 ML","100 ML"]
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[]
[null,"Co-products"]
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[]
[null,"FS3","Unit","5 ML","25 ML","50 ML","100 ML"]
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[]
[null,"Co-products"]
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[]
[null,"FS4","Unit","5 ML","25 ML","50 ML","100 ML"]
[null,"Biomass","t/year",{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!AI28\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!AK28\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!AM28\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!AO28\")*1000","v":{"$error":"#DIV/0!"}}]
[null,"Sulfuric Acid","t/year",{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!AI29\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!Ak29\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!Am29\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!Ao29\")*1000","v":{"$error":"#DIV/0!"}}]
[null,"Water","m3/year",{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!AI30\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!AK30\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!AM30\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!AO30\")*1000","v":{"$error":"#DIV/0!"}}]
[null,"Ammonia","t/year",{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!AI32\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!AK32\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!AM32\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!AO32\")*1000","v":{"$error":"#DIV/0!"}}]
[null,"Enzyme","t/year",{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!AI33\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!AK33\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!AM33\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!AO33\")*1000","v":{"$error":"#DIV/0!"}}]
[null,"Yeast","t/year",{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!AI34\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!AK34\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!AM34\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!AO34\")*1000","v":{"$error":"#DIV/0!"}}]
[null,"Steam","t/y",{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!AI56\")/(2.2026*1000)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!Ak56\")/(2.2026*1000)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!Am56\")/(2.2026*1000)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!AO56\")/(2.2026*1000)","v":{"$error":"#DIV/0!"}}]
[null,"Electricity","kWh/y",{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!AI57\")","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!AK57\")","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!AM57\")","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!AO57\")","v":{"$error":"#DIV/0!"}}]
[]
[null,"Co-products"]
[null,"Electricity","kWh/y",{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!AJ57\")","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!AL57\")","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!AN57\")","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!AP57\")","v":{"$error":"#DIV/0!"}}]
[null,"Yeast","t/year",{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!AJ34\")*1000*(1-$I$18)","v":0},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!Al34\")*1000*(1-$I$18)","v":0},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!An34\")*1000*(1-$I$18)","v":0},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!Ap34\")*1000*(1-$I$18)","v":0}]
[null,"CO2","t/year",{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!AJ37\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!Al37\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!An37\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!Ap37\")*1000","v":{"$error":"#DIV/0!"}}]
[null,"Lignin","t/year",{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!AJ35\")*1000*(1-$I$18)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!Al35\")*1000*(1-$I$18)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!An35\")*1000*(1-$I$18)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B82&\"!Ap35\")*1000*(1-$I$18)","v":{"$error":"#DIV/0!"}}]
[]
[]
[null,"MFS","Unit","5 ML","25 ML","50 ML","100 ML"]
[null,"Biomass","t/year",{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!AI28\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!AK28\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!AM28\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!AO28\")*1000","v":{"$error":"#DIV/0!"}}]
[null,"Sulfuric Acid","t/year",{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!AI29\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!Ak29\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!Am29\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!Ao29\")*1000","v":{"$error":"#DIV/0!"}}]
[null,"Water","m3/year",{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!AI30\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!AK30\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!AM30\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!AO30\")*1000","v":{"$error":"#DIV/0!"}}]
[null,"Ammonia","t/year",{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!AI32\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!AK32\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!AM32\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!AO32\")*1000","v":{"$error":"#DIV/0!"}}]
[null,"Enzyme","t/year",{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!AI33\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!AK33\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!AM33\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!AO33\")*1000","v":{"$error":"#DIV/0!"}}]
[null,"Yeast","t/year",{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!AI34\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!AK34\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!AM34\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!AO34\")*1000","v":{"$error":"#DIV/0!"}}]
[null,"Steam","t/y",{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!AI56\")/(2.2026*1000)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!Ak56\")/(2.2026*1000)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!Am56\")/(2.2026*1000)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!AO56\")/(2.2026*1000)","v":{"$error":"#DIV/0!"}}]
[null,"Electricity","kWh/y",{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!AI57\")","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!AK57\")","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!AM57\")","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!AO57\")","v":{"$error":"#DIV/0!"}}]
[]
[null,"Co-products"]
[null,"Electricity","kWh/y",{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!AJ57\")","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!AL57\")","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!AN57\")","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!AP57\")","v":{"$error":"#DIV/0!"}}]
[null,"Yeast","t/year",{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!AJ34\")*1000*(1-$I$21)","v":0},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!Al34\")*1000*(1-$I$21)","v":0},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!An34\")*1000*(1-$I$21)","v":0},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!Ap34\")*1000*(1-$I$21)","v":0}]
[null,"CO2","t/year",{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!AJ37\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!Al37\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!An37\")*1000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!Ap37\")*1000","v":{"$error":"#DIV/0!"}}]
[null,"Lignin","t/year",{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!AJ35\")*1000*(1-$I$21)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!Al35\")*1000*(1-$I$21)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!An35\")*1000*(1-$I$21)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$D$4&\"_\"&B99&\"!Ap35\")*1000*(1-$I$21)","v":{"$error":"#DIV/0!"}}]

{"sheet":"START","index":2,"n_rows":35,"n_cols":3,"rows_kept":35,"cut":false,"hidden":false,"merged":[[30,2,33,11]]}
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,"Disclaimer"]
[null,null,"FAO declines all responsibility for errors or deficiencies in the database or software or in the documentation accompanying it, for program maintenance and upgrading as well as for any damage that may arise from them. FAO also declines any responsibility for updating the data and assumes no responsibility for errors and omissions in the data provided. Users are, however, kindly asked to report any errors or deficiencies in this product to FAO.  The choices of calculation made in this tool are those of the author(s) and do not necessarily reflect the views and choices of the Food and Agriculture Organization of the United Nations."]
[]
[]
[]
[null,null,"© FAO, 2016"]

{"sheet":"Biofuel Demand","index":3,"n_rows":23,"n_cols":7,"rows_kept":23,"cut":false,"hidden":false,"merged":[[2,2,2,8]]}
[]
[]
[null,null,"FUEL CONSUMPTION AND BLENDING TARGETS FOR ETHANOL"]
[]
[null,null,"Domestic fossil fuel consumption"]
[]
[null,null,null,"Consumption","Unit"]
[null,null,"Gasoline",null,"ML/year"]
[]
[null,null,"Domestic blending target"]
[]
[null,null,null,"Blending target","Biofuel demand"]
[null,null,"Ethanol (ML/year)",null,{"$f":"D13*$D$8","v":0}]
[]
[null,null,"Biofuel production and trade"]
[]
[null,null,null,"Domestic production","Imports","Exports","Net balance"]
[null,null,"Ethanol (ML/year)",null,null,null,{"$f":"D18+E18-F18","v":0}]
[]
[null,null,"Target domestic biofuel production"]
[]
[]
[null,null,"Ethanol (ML/year)",{"$f":"+E13-G18","v":0}]

{"sheet":"Process Description","index":4,"n_rows":79,"n_cols":16,"rows_kept":79,"cut":false,"hidden":false,"merged":[[64,2,64,19],[66,15,72,16],[2,2,2,22],[5,2,5,19],[17,2,17,19],[41,2,41,19],[26,14,32,15],[50,14,56,15]]}
[]
[]
[null,null,"PROCESSING SYSTEMS OF ETHANOL FOR TRANSPORTATION "]
[]
[]
[null,null,"ETHANOL PRODUCTION FROM LIGNOCELLULOSIC FEEDSTOCKS"]
[]
[null,null,"Features:"]
[]
[null,null,"* Two preteatment technologies included in this tool: i) Steam Explosion, and ii) Dilute Acid"]
[]
[null,null,"* Two types of lignocellulosic biomass are possible to be assessed: i) Lignocellulosic Energy Crops "]
[null,null,"   (e.g., Arundo donax, Miscanthus giganteus) and ii) Lignocellulosic Residues (e.g., Wheat Straw, Corn Stover)"]
[]
[null,null,"* As default configuration, the ethanol processing from lignocellulosic biomass assumes integration with"]
[null,null,"   a cogeneration system using the lignin residue from the biomass pretreatment stage "]
[]
[null,null,"ETHANOL PRODUCTION USING STEAM EXPLOSION PRETREATMENT"]
[]
[null,null,null,null,null,null,null,null,"Steam/Energy Inputs",null,null,"Chemical/Energy Inputs"]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol Transportation"]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Energy Demand Biofuel Plant"]
[]
[null,null,null,"Feedstocks"]
[null,null,null,"Lignocellulosic Residues",null,null,"Lignocellulosic Energy Crops"]
[null,null,null,"Barley straw",null,null,"Miscanthus giganteus"]
[null,null,null,"Maize stover",null,null,"Napier grass"]
[null,null,null,"Oat straw",null,null,"Arundo donax"]
[null,null,null,"Rice straw",null,null,"Switchgrass"]
[null,null,null,"Sorghum straw",null,null,"Willow"]
[null,null,null,"Wheat straw",null,null,"Poplar"]
[null,null,null,"Sugarcane bagasse",null,null,"Spruce"]
[null,null,null,"Oil palm empty fruit bunch"]
[null,null,null,"Wood forest residues",null,null,null,null,null,null,null,null,null,null,"Surplus to central grid"]
[null,null,null,"Wood processing residues"]
[]
[null,null,"ETHANOL PRODUCTION USING DILUTE ACID PRETREATMENT"]
[]
[null,null,null,null,null,null,null,null,"Dilute Acid/Energy Inputs",null,null,"Chemical/Energy Inputs"]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol Transportation"]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Energy Demand Biofuel Plant"]
[]
[null,null,null,"Feedstocks"]
[null,null,null,"Lignocellulosic Residues",null,null,"Lignocellulosic Energy Crops"]
[null,null,null,"Barley straw",null,null,"Miscanthus giganteus"]
[null,null,null,"Maize stover",null,null,"Napier grass"]
[null,null,null,"Oat straw",null,null,"Arundo donax"]
[null,null,null,"Rice straw",null,null,"Switchgrass"]
[null,null,null,"Sorghum straw",null,null,"Willow"]
[null,null,null,"Wheat straw",null,null,"Poplar"]
[null,null,null,"Sugarcane bagasse",null,null,"Spruce"]
[null,null,null,"Oil palm empty fruit bunch"]
[null,null,null,"Wood forest residues",null,null,null,null,null,null,null,null,null,null,"Surplus to central grid"]
[null,null,null,"Wood processing residues"]
[null,null,"COGENERATION PROCESS (INTEGRATED WITH ETHANOL PRODUCTION)"]
[]
[null,null,null,null,null,null,null,null,null,null,"  Water",null,null,null,null,"Energy Demand Biofuel Plant"]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,null,null,"Biomass Residues from"]
[null,null,null,null,"feedstock production or processing"]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Surplus to central grid"]

{"sheet":"Data Entry Needs","index":5,"n_rows":231,"n_cols":34,"rows_kept":231,"cut":false,"hidden":false,"merged":[[116,2,116,7],[104,2,104,7],[105,2,105,7],[106,2,106,7],[2,2,2,7],[5,3,5,4],[34,2,34,3],[67,2,67,3],[48,5,49,5],[6,4,6,7],[83,5,84,7],[64,5,65,5],[26,2,26,3],[26,5,26,7]]}
[]
[]
[null,null,"DATA ENTRY FOR ETHANOL PRODUCTION"]
[]
[]
[null,null,"Use white cells to input data","Grey cells are used for calculations",null,"3. Spruce",null,"cassava stalk",null,null,null,null,null,null,null,null,null,null,{"$f":"IF($S$16=2,TRUE,FALSE)","v":false}]
[null,null,"Feedstock Availability and Cost"]
[null,null,{"$f":"IF($S$16=1,TRUE,FALSE)","v":true},{"$f":"IF($S$16=2,TRUE,FALSE)","v":false}]
[null,null,"Single feedstock",null,"Feedstock 1","Feedstock 2","Feedstock 3","Feedstock 4"]
[null,null,"Multifeedstock",null,"Please Select","Please Select","Please Select","Please Select",null,null,null,null,"Feedstock 1","Feedstock 2","Feedstock 3","Feedstock 4"]
[null,null,"Feedstock ",null," "," "," "," ",null,null,null,null,{"$f":"IF(E10=\"Please Select\",TRUE,FALSE)","v":true},{"$f":"IF(F10=\"Please Select\",TRUE,FALSE)","v":true},{"$f":"IF(G10=\"Please Select\",TRUE,FALSE)","v":true},{"$f":"IF(H10=\"Please Select\",TRUE,FALSE)","v":true}]
[null,null,"Feedstock potential (t/year)"]
[null,null,"Crop or Residue yield (t/ha)"]
[null,null,"Feedstock Ligno. Energy Crop cost (cost of production) (USD/t)"]
[null,null,"Feedstock Ligno. Energy Crop cost (market price) (USD/t)"]
[null,null,"Feedstock Ligno. Residue price (USD/t)",null,{"$f":"IF(E$10=\"Ligno. Energy Crop\",TRUE,FALSE)","v":false},{"$f":"IF(F$10=\"CONVENTIONAL\",TRUE,FALSE)","v":false},{"$f":"IF(G$10=\"CONVENTIONAL\",TRUE,FALSE)","v":false},{"$f":"IF(H$10=\"CONVENTIONAL\",TRUE,FALSE)","v":false},null,null,null,null,"Feedstock 1","Feedstock 2","Feedstock 3","Feedstock 4",null,"Modo de operación",1]
[null,null,null,null,{"$f":"IF(E10=\"Ligno. Energy Crops\",\"Crop input data above!\",+IF($E$10=\"Please Select\",0,IF($C$18=FALSE,PRICE_RES1!$I$26,\"Input data below!\")))","v":0},{"$f":"IF(F10=\"Ligno. Energy Crops\",\"Crop input data above!\",+IF($F$10=\"Please Select\",0,IF($C$18=FALSE,PRICE_RES2!$I$26,\"Input data below!\")))","v":0},{"$f":"IF(G10=\"Ligno. Energy Crops\",\"Crop input data above!\",+IF($G$10=\"Please Select\",0,IF($C$18=FALSE,PRICE_RES3!$I$26,\"Input data below!\")))","v":0},{"$f":"IF(H10=\"Ligno. Energy Crops\",\"Crop input data above!\",+IF($H$10=\"Please Select\",0,IF($C$18=FALSE,PRICE_RES4!$I$26,\"Input data below!\")))","v":0},null,null,null,null,{"$f":"IF(E17=\"Crop input data above!\",TRUE,FALSE)","v":false},{"$f":"IF(F17=\"Crop input data above!\",TRUE,FALSE)","v":false},{"$f":"IF(G17=\"Crop input data above!\",TRUE,FALSE)","v":false},{"$f":"IF(H17=\"Crop input data above!\",TRUE,FALSE)","v":false}]
[null,null,false,null,null,null,null,null,null,null,null,null,{"$f":"IF($C$18,FALSE,TRUE)","v":true}]
[null,null,"Feedstock storage cost (USD/t)"]
[null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF(M17,FALSE,TRUE)","v":true},{"$f":"IF(N17,FALSE,TRUE)","v":true},{"$f":"IF(O17,FALSE,TRUE)","v":true},{"$f":"IF(P17,FALSE,TRUE)","v":true}]
[null,null,"Biofuel Production Cost and Financial Parameters"]
[]
[]
[null,null,"Selection of technologies",null,null,null,null,null,null,null,null,null,"Cogeneration multiplier"]
[null,null,"Pretreatment technology",null,null,"Cogeneration technology",null,null,null,null,null,null,{"$f":"IF(F26=\"No Cogeneration\",TRUE,FALSE)","v":false}]
[null,null,"Diluted Acid",null,null,"Simple",null,null,null,null,null,null,{"$f":"IF($M$25,0,1)","v":1}]
[null,null,{"$f":"\"Preteatment Technology with \"&N123&\" as agent \"","v":"Preteatment Technology with Acid as agent "},null,null,{"$f":"\"Cog. Technology: \"&N129","v":"Cog. Technology: Condensing Turbine"}]
[]
[]
[null,null,"Chemical inputs*",null,"Unit",null,null,"Unit"]
[null,null,"Ethanol inputs",null,null,"Ethanol inputs"]
[null,null,"Ammonia",null,"USD/t","Enzyme",null,"USD/t"]
[null,null,"Yeast",null,"USD/t"]
[null,null,"Sulfuric acid",null,"USD/t"]
[null,null,"http://www.icis.com/chemicals/channel-info-chemicals-a-z/"]
[]
[null,null,"Utilities",null,"Unit"]
[null,null,"Heat carrier",null,"USD/t"]
[null,null,"Water",null,"USD/m3"]
[null,null,"Electricity",null,"USD/kWh"]
[]
[null,null,"Labour",null,"Unit",null,null,"Unit"]
[null,null,"Unskilled worker (Industry)",null,"USD/person-hour","Working days per year",null,"days/year"]
[null,null,"Skilled worker (Industry)",null,"USD/person-hour","Miscellaneous cost (%)"]
[null,null,"Unskilled worker (Agriculture - Collection)",null,"USD/person-hour"]
[null,null,"Skilled worker (Agriculture - Collection)",null,"USD/person-hour"]
[]
[null,null,"Feedstock collection",null,"Unit",null,null,"Unit"]
[null,null,"Working hours per day (manual)",null,"h/day","Working hours per day (mechanized)",null,"h/day"]
[null,null,"Diesel price",null,"USD/l"]
[]
[null,null,"Transportation",null,"Unit"]
[null,null,"Feedstock (farm to plant)",null,"USD/t/km"]
[null,null,"Biofuel (plant to distribution point)",null,"USD/t/km"]
[]
[null,null,"Storage",null,"Unit"]
[null,null,"Ethanol storage cost",null,"USD/l/year","Storage rate of ethanol"]
[]
[null,null,"Other costs"]
[null,null,"Maintenance (%)"]
[null,null,"Plant overhead (%)"]
[null,null,"General and administrative (%)"]
[]
[null,null,"Price of co-products",null,"Unit",null,null,"Unit"]
[null,null,"Carbon Dioxide from fermentation (CO2)",null,"USD/t","Feed-in Tariff Electricity",null,"USD/kWh"]
[null,null,"Lignin",null,"USD/t"]
[null,null,"http://www.icis.com/chemicals/channel-info-chemicals-a-z/"]
[]
[null,null,"Price of transport fuels and net trade balance",null,"Unit",null,null,"Unit"]
[null,null,"Net trade position – fossil fuels",null,"     Is the main port located at the main city in the Country?"]
[null,null,"Net trade position – biofuels"]
[]
[null,null,null,null,"Unit",null,null,"Unit"]
[null,null,{"$f":"IF(U212=\"Net Importer\",\"Gasoline FOB price\",\"Gasoline FGP price\")","v":"Gasoline FGP price"},null,"USD/l",{"$f":"IF(U213=\"Net Exporter\",\"Ethanol FGP price\",\"Ethanol FOB price\")","v":"Ethanol FGP price"},null,"USD/l"]
[]
[null,null,"Distance from port to main city",null,"km"]
[null,null,null,null,null,true]
[null,null,"Financial parameters",null,null,false]
[null,null,"Discount rate (%)"]
[null,null,"Loan interest rate (%)",null,null,{"$f":"+\"Plant Cost Index\"&\" during \"&MONTH(TODAY())&\"/\"&YEAR(TODAY())","v":"Plant Cost Index during 4/2017"}]
[null,null,"Loan term (years)",null,null,"http://www.intratec.us/free-tools/intratec-construction-index"]
[]
[null,null,"Loan ratio "]
[null,null,"5 ML/year",null,null,false]
[null,null,"25 ML/year"]
[null,null,"50 ML/year"]
[null,null,"100 ML/year"]
[]
[null,null,"Labour and Land Parameters"]
[]
[null,null,null,null,{"$f":"+E11","v":" "},{"$f":"+F11","v":" "},{"$f":"+G11","v":" "},{"$f":"+H11","v":" "}]
[null,null,"Crop/Residue yield (t/ha)","Outgrowers",null,null,null,null,null,null,null,null,null,"Button mass balance "]
[null,null,"Labour manual (person-day/ha)","Outgrowers"]
[null,null,"Labour machinery (person-hour/ha)","Outgrowers"]
[null,null,"Crop/Residue Yield (t/ha)","Own Production"]
[null,null,"Labour manual (person-day/ha)","Own Production"]
[null,null,"Labour machinery (person-hour/ha)","Own Production"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+LEFT(C40,3)","v":"Ele"},{"$f":"+G40","v":0},{"$f":"+J40","v":0},{"$f":"+M40","v":0},{"$f":"+P40","v":0}]
[null,null,"Additional Calculations/Analyses"]
[]
[]
[null,null,"Greenhouse Gases (GHG) Assessment"]
[]
[]
[null,null,"This analysis continues the environmental assesment started in crop tool for each feedstock, completing a cradle to gate assessment."]
[null,null,"Additional information and decissions are required, in order to complete GHG analysis."]
[null,null,"Please use the navigation buttons below to complete the information required for each feedstock."]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,true]
[null,null,null,null,null,null,null,null,null,null,null,null,null,true]
[null,null,"Mass & Energy balances"]
[]
[null,null,"This analysis shows the inputs and outputs of each technology for producing ethanol at the different plant capacities"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,true]
[null,null,null,null,null,null,null,null,null,null,null,null,null,false]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"Diluted Acid","Acid"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"Steam Explosion","Steam "]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IFERROR(VLOOKUP(C26,$N$121:$O$122,2,FALSE),\"\")","v":"Acid"}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"No Cogeneration","Cogeneration is NOT considered in the analysis!"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"Simple","Condensing Turbine"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"Semi-Advanced","\nBack-pressure Steam Turbine"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"Advanced","BIGCC (Biomass Gasification Combined Cycle)"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IFERROR(VLOOKUP(F26,$N$125:$O$128,2,FALSE),\"\")","v":"Condensing Turbine"}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Wage1",{"$f":"IF(OR($D$44=\"\",$D$44=\" \"),TRUE,FALSE)","v":true}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"Output calculated usin formulas presented in: ",null,null,null,null,"Wage2",{"$f":"IF(OR($D$43=\"\",$D$43=\" \"),TRUE,FALSE)","v":true}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"Cogeneration",null,null,null,null,"Diesel",{"$f":"IF(OR($D$50=\"\",$D$50=\" \"),TRUE,FALSE)","v":true}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"No Cogeneration",null,null,null,null,"Decision1",{"$f":"+OR(T131,T132,T133)","v":true}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"Simple",null,null,null,null,"Decision2",{"$f":"+C18","v":false}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"Semi-Advanced"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"Advanced"]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"List1","List2","List 3",null,null,{"$f":"+$N$143&N162","v":"Ligno. Residues1"},{"$f":"O144","v":"Barley straw"}]
[null,null,null,null,null,null,null,null,null,null,null,"Please Select",1,"Ligno. Residues","Ligno. Residues","Ligno. Energy Crops",null,null,{"$f":"+$N$143&N163","v":"Ligno. Residues2"},{"$f":"O145","v":"Maize stover"}]
[null,null,null,null,null,null,null,null,null,null,null,"Ligno. Residues",2,"Ligno. Energy Crops","Barley straw","Miscanthus giganteus",null,null,"Ligno. Residues3","Oat straw"]
[null,null,null,null,null,null,null,null,null,null,null,"Ligno. Energy Crops",3,null,"Maize stover","Napier grass",null,null,"Ligno. Residues4","Rice straw"]
[null,null,null,null,null,null,null,null,null,null,null,null,4,null,"Oat straw","Arundo donax",null,null,"Ligno. Residues5","Sorghum straw"]
[null,null,null,null,null,null,null,null,null,null,null,null,5,null,"Rice straw","Switchgrass",null,null,"Ligno. Residues6","Wheat straw"]
[null,null,null,null,null,null,null,null,null,null,null,null,6,null,"Sorghum straw","Willow",null,null,"Ligno. Residues7","Sugarcane bagasse"]
[null,null,null,null,null,null,null,null,null,null,null,null,7,null,"Wheat straw","Poplar",null,null,"Ligno. Residues8","Oil palm empty fruit bunch"]
[null,null,null,null,null,null,null,null,null,null,null,null,8,null,"Sugarcane bagasse","Spruce",null,null,"Ligno. Residues9","Wood forest residues"]
[null,null,null,null,null,null,null,null,null,null,null,null,9,null,"Oil palm empty fruit bunch",null,null,null,{"$f":"+$N$143&N171","v":"Ligno. Residues10"},{"$f":"O153","v":"Wood processing residues"}]
[null,null,null,null,null,null,null,null,null,null,null,null,10,null,"Wood forest residues",null,null,null,{"$f":"+$N$144&N162","v":"Ligno. Energy Crops1"},{"$f":"P144","v":"Miscanthus giganteus"}]
[null,null,null,null,null,null,null,null,null,null,null,null,11,null,"Wood processing residues",null,null,null,"Ligno. Energy Crops2","Napier grass"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ligno. Energy Crops3","Arundo donax"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ligno. Energy Crops4","Switchgrass"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ligno. Energy Crops5","Willow"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ligno. Energy Crops6","Poplar"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ligno. Energy Crops7","Spruce"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Please Select"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstock 1","Selection Crop","Crop "]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+E10","v":"Please Select"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,1,null,{"$f":"+IFERROR(VLOOKUP($O$161&N162,$S$142:$T$158,2,FALSE),\"\")","v":""}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,2,null,"",null,null,"PCI",{"$f":"IF(OR($H$80=\"\",$H$80=\" \"),TRUE,FALSE)","v":true}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,3,null,""]
[null,null,null,null,null,null,null,null,null,null,null,null,null,4,null,""]
[null,null,null,null,null,null,null,null,null,null,null,null,null,5,null,""]
[null,null,null,null,null,null,null,null,null,null,null,null,null,6,null,""]
[null,null,null,null,null,null,null,null,null,null,null,null,null,7,null,"",null,null,null,null,"FS1","FS2","FS3","FS4"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,8,null,""]
[null,null,null,null,null,null,null,null,null,null,null,null,null,9,null,""]
[null,null,null,null,null,null,null,null,null,null,null,null,null,10,null,"",null,null,null,"Co-products",{"$f":"IFERROR(IF(VLOOKUP(E11,$T$142:$U$158,2,FALSE)=\"ethanol1\",FALSE,TRUE),TRUE)","v":true},{"$f":"IFERROR(IF(VLOOKUP(F11,$T$142:$U$158,2,FALSE)=\"ethanol1\",FALSE,TRUE),TRUE)","v":true},{"$f":"IFERROR(IF(VLOOKUP(G11,$T$142:$U$158,2,FALSE)=\"ethanol1\",FALSE,TRUE),TRUE)","v":true},{"$f":"IFERROR(IF(VLOOKUP(H11,$T$142:$U$158,2,FALSE)=\"ethanol1\",FALSE,TRUE),TRUE)","v":true},{"$f":"+OR($U$171:$X$171)","v":true}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,11,null,"",null,null,null,"Market Price",{"$f":"IFERROR(IF(VLOOKUP(E11,$T$142:$U$158,2,FALSE)=\"ethanol3\",TRUE,FALSE),FALSE)","v":false},{"$f":"IFERROR(IF(VLOOKUP(F11,$T$142:$U$158,2,FALSE)=\"ethanol3\",TRUE,FALSE),FALSE)","v":false},{"$f":"IFERROR(IF(VLOOKUP(G11,$T$142:$U$158,2,FALSE)=\"ethanol3\",TRUE,FALSE),FALSE)","v":false},{"$f":"IFERROR(IF(VLOOKUP(H11,$T$142:$U$158,2,FALSE)=\"ethanol3\",TRUE,FALSE),FALSE)","v":false},{"$f":"+OR($U$172:$X$172)","v":false}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstock 2","Selection Crop","Crop "]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+$F$10","v":"Please Select"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,1,null,{"$f":"+IFERROR(VLOOKUP($O$174&N175,$S$142:$T$158,2,FALSE),\"\")","v":""}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,2,null,""]
[null,null,null,null,null,null,null,null,null,null,null,null,null,3,null,""]
[null,null,null,null,null,null,null,null,null,null,null,null,null,4,null,""]
[null,null,null,null,null,null,null,null,null,null,null,null,null,5,null,""]
[null,null,null,null,null,null,null,null,null,null,null,null,null,6,null,""]
[null,null,null,null,null,null,null,null,null,null,null,null,null,7,null,""]
[null,null,null,null,null,null,null,null,null,null,null,null,null,8,null,""]
[null,null,null,null,null,null,null,null,null,null,null,null,null,9,null,""]
[null,null,null,null,null,null,null,null,null,null,null,null,null,10,null,"",null,null,null,null,null,null,null,null,null,"Criteria lvl2"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,11,null,"",null,null,null,null,null,"ethanol3","ethanol1","ethanol2",null,"ethanol3","ethanol1","ethanol2"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstock 3","Selection Crop","Crop ",null,null,null,null,"Feedstock 1",{"$f":"IFERROR(IF($V$185=VLOOKUP($E$11,$T$142:$U$158,2,FALSE),1,0),0)","v":0},{"$f":"IFERROR(IF($W$185=VLOOKUP($E$11,$T$142:$U$158,2,FALSE),1,0),0)","v":0},{"$f":"IFERROR(IF($X$185=VLOOKUP($E$11,$T$142:$U$158,2,FALSE),1,0),0)","v":0},"Feedstock 1",{"$f":"IF(OR(IFERROR(V$185=VLOOKUP($E$11,$T$142:$U$159,2,FALSE),FALSE),$E$10=\"please select\"),1,0)","v":1},{"$f":"IF(OR(IFERROR(W$185=VLOOKUP($E$11,$T$142:$U$159,2,FALSE),FALSE),$E$10=\"please select\"),1,0)","v":1},{"$f":"IF(OR(IFERROR(X$185=VLOOKUP($E$11,$T$142:$U$159,2,FALSE),FALSE),$E$10=\"please select\"),1,0)","v":1}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+$G$10","v":"Please Select"},null,null,null,null,null,"Feedstock 2",{"$f":"IFERROR(IF($V$185=VLOOKUP($F$11,$T$142:$U$158,2,FALSE),1,0),0)","v":0},{"$f":"IFERROR(IF($W$185=VLOOKUP($F$11,$T$142:$U$158,2,FALSE),1,0),0)","v":0},{"$f":"IFERROR(IF($X$185=VLOOKUP($F$11,$T$142:$U$158,2,FALSE),1,0),0)","v":0},"Feedstock 2",{"$f":"IF(OR(IFERROR(V$185=VLOOKUP($F$11,$T$142:$U$159,2,FALSE),FALSE),$F$10=\"please select\"),1,0)","v":1},{"$f":"IF(OR(IFERROR(W$185=VLOOKUP($F$11,$T$142:$U$159,2,FALSE),FALSE),$F$10=\"please select\"),1,0)","v":1},{"$f":"IF(OR(IFERROR(X$185=VLOOKUP($F$11,$T$142:$U$159,2,FALSE),FALSE),$F$10=\"please select\"),1,0)","v":1}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,1,null,{"$f":"+IFERROR(VLOOKUP($O$187&N188,$S$142:$T$158,2,FALSE),\"\")","v":""},null,null,null,null,"Feedstock 3",{"$f":"+IFERROR(IF($V$185=VLOOKUP($G$11,$T$142:$U$158,2,FALSE),1,0),0)","v":0},{"$f":"IFERROR(IF($W$185=VLOOKUP($G$11,$T$142:$U$158,2,FALSE),1,0),0)","v":0},{"$f":"IFERROR(IF($X$185=VLOOKUP($G$11,$T$142:$U$158,2,FALSE),1,0),0)","v":0},"Feedstock 3",{"$f":"IF(OR(IFERROR(V$185=VLOOKUP($G$11,$T$142:$U$159,2,FALSE),FALSE),$G$10=\"please select\"),1,0)","v":1},{"$f":"IF(OR(IFERROR(W$185=VLOOKUP($G$11,$T$142:$U$159,2,FALSE),FALSE),$G$10=\"please select\"),1,0)","v":1},{"$f":"IF(OR(IFERROR(X$185=VLOOKUP($G$11,$T$142:$U$159,2,FALSE),FALSE),$G$10=\"please select\"),1,0)","v":1}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,2,null,"",null,null,null,null,"Feedstock 4",{"$f":"IFERROR(IF($V$185=VLOOKUP($H$11,$T$142:$U$158,2,FALSE),1,0),0)","v":0},{"$f":"IFERROR(IF($W$185=VLOOKUP($H$11,$T$142:$U$158,2,FALSE),1,0),0)","v":0},{"$f":"IFERROR(IF($X$185=VLOOKUP($H$11,$T$142:$U$158,2,FALSE),1,0),0)","v":0},"Feedstock 4",{"$f":"IF(OR(IFERROR(V$185=VLOOKUP($H$11,$T$142:$U$159,2,FALSE),FALSE),$H$10=\"please select\"),1,0)","v":1},{"$f":"IF(OR(IFERROR(W$185=VLOOKUP($H$11,$T$142:$U$159,2,FALSE),FALSE),$H$10=\"please select\"),1,0)","v":1},{"$f":"IF(OR(IFERROR(X$185=VLOOKUP($H$11,$T$142:$U$159,2,FALSE),FALSE),$H$10=\"please select\"),1,0)","v":1}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,3,null,"",null,null,null,null,null,{"$f":"SUM(V186:V189)","v":0},{"$f":"SUM(W186:W189)","v":0},{"$f":"SUM(X186:X189)","v":0},null,{"$f":"SUM(Z186:Z189)","v":4},{"$f":"SUM(AA186:AA189)","v":4},{"$f":"SUM(AB186:AB189)","v":4}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,4,null,"",null,null,null,null,null,{"$f":"+IF(V190>0,TRUE,FALSE)","v":false},{"$f":"+IF(W190>0,TRUE,FALSE)","v":false},{"$f":"+IF(X190>0,TRUE,FALSE)","v":false}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,5,null,"",null,null,null,null,"Conventional3",{"$f":"+IF($V$191=TRUE,FALSE,TRUE)","v":true},"Solvent",{"$f":"+NOT(OR(Allocator!#REF!))","v":{"$error":"#REF!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,6,null,"",null,null,null,null,"Conventional1",{"$f":"+IF(OR($W$191,$X$191)=TRUE,FALSE,TRUE)","v":true},"Lime",{"$f":"+NOT(W191)","v":true}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,7,null,"",null,null,null,null,"Conventional2",{"$f":"+IF($X$191=TRUE,FALSE,TRUE)","v":true}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,8,null,""]
[null,null,null,null,null,null,null,null,null,null,null,null,null,9,null,""]
[null,null,null,null,null,null,null,null,null,null,null,null,null,10,null,""]
[null,null,null,null,null,null,null,null,null,null,null,null,null,11,null,""]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstock 4","Selection Crop","Crop "]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+$H$10","v":"Please Select"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,1,null,{"$f":"+IFERROR(VLOOKUP($O$200&N201,$S$142:$T$158,2,FALSE),\"\")","v":""}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,2,null,""]
[null,null,null,null,null,null,null,null,null,null,null,null,null,3,null,""]
[null,null,null,null,null,null,null,null,null,null,null,null,null,4,null,""]
[null,null,null,null,null,null,null,null,null,null,null,null,null,5,null,""]
[null,null,null,null,null,null,null,null,null,null,null,null,null,6,null,""]
[null,null,null,null,null,null,null,null,null,null,null,null,null,7,null,"","yes"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,8,null,"","no"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,9,null,"","FS1","FS2","FS3","FS4"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,10,null,"",{"$f":"+IF($E$10=\"please select\",TRUE,FALSE)","v":true},{"$f":"+IF($F$10=\"please select\",TRUE,FALSE)","v":true},{"$f":"+IF($G$10=\"please select\",TRUE,FALSE)","v":true},{"$f":"+IF($H$10=\"please select\",TRUE,FALSE)","v":true},null,{"$f":"+IF(U214=\"no\",FALSE,TRUE)","v":true}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,11,null,"",null,null,null,null,null,"Logic"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"fossil fuel","biofuel",null,"fossil fuel","Net exporter",{"$f":"+IF($U$212=\"net exporter\",TRUE,FALSE)","v":true}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Net importer","Net importer",null,"biofuel","Net exporter",{"$f":"+IF($U$213=\"net exporter\",TRUE,FALSE)","v":true}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Net exporter","Net exporter",null,"Transportation","yes",{"$f":"+IF(U214=\"yes\",0,1)","v":0},{"$f":"+$D$76","v":0}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Interested in exporting",null,null,null,{"$f":"+IF(U214=\"no\",TRUE,FALSE)","v":false}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Transportation ",null,null,"Price","Kg/L","Transportation","Total"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Gasoline",{"$f":"+$D$74","v":0},0.745,{"$f":"+VLOOKUP($T$212&$U$212,$P$217:$R$225,3,FALSE)*$V217*$V$214*$W$214/1000","v":0},{"$f":"+W217+U217","v":0}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"fossil fuel","Net importer",{"$f":"+N218&O218","v":"fossil fuelNet importer"},"Gasoline FOB price",1,null,"Ethanol",{"$f":"+$G$74","v":0},0.78900000000000003,{"$f":"+VLOOKUP($T$213&$U$213,$P$217:$R$225,3,FALSE)*$V218*$V$214*$W$214/1000","v":0},{"$f":"+W218+U218","v":0}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"fossil fuel","Net exporter",{"$f":"+N219&O219","v":"fossil fuelNet exporter"},"Gasoline FGP price",0,null,"Condicional transportation"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"biofuel","Net importer",{"$f":"+N220&O220","v":"biofuelNet importer"},"Conventional FOB price",1,null,{"$f":"+IF(U214=\"no\",FALSE,TRUE)","v":true}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"biofuel","Net exporter",{"$f":"+N221&O221","v":"biofuelNet exporter"},"Conventional FGP price",0]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"biofuel","Interested in exporting",{"$f":"+N222&O222","v":"biofuelInterested in exporting"},"Conventional FOB price",-1]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,14,15,17,18,19]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"c","Conventional",null,null,"Residues",false]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Production Cost","Market Price",null,"Collection Cost","Market Price",null,"Own Production","Outgowers"]
[null,null,null,null,null,null,null,null,null,null,null,null,"e","Feedstock 1",{"$f":"+INDIRECT($M227&O$224)","v":0},0,0,{"$f":"+INDIRECT($M227&R$224)","v":0},0,{"$f":"ABS((12-COUNTBLANK(Planner_MFS!$G$12:$R$12))/12)","v":1},{"$f":"+IF($Q227,$O227,0)","v":0},{"$f":"+IF($Q227,$P227,IF($S$225,$R227,$S227))","v":0}]
[null,null,null,null,null,null,null,null,null,null,null,null,"f","Feedstock 2",0,0,0,0,0,{"$f":"ABS((12-COUNTBLANK(Planner_MFS!$G$13:$R$13))/12)","v":0.41666666666666669},{"$f":"+IF($Q228,$O228,0)","v":0},{"$f":"+IF($Q228,$P228,IF($S$225,$R228,$S228))","v":0}]
[null,null,null,null,null,null,null,null,null,null,null,null,"g","Feedstock 3",0,0,0,0,0,{"$f":"ABS((12-COUNTBLANK(Planner_MFS!$G$14:$R$14))/12)","v":1},{"$f":"+IF($Q229,$O229,0)","v":0},{"$f":"+IF($Q229,$P229,IF($S$225,$R229,$S229))","v":0}]
[null,null,null,null,null,null,null,null,null,null,null,null,"h","Feedstock 4",0,0,0,0,0,{"$f":"ABS((12-COUNTBLANK(Planner_MFS!$G$15:$R$15))/12)","v":0},{"$f":"+IF($Q230,$O230,0)","v":0},{"$f":"+IF($Q230,$P230,IF($S$225,$R230,$S230))","v":0}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"Multifeedstock",null,null,null,null,null,null,{"$f":"+SUMPRODUCT($T$227:$T$230,U$227:U$230)","v":0},{"$f":"+SUMPRODUCT($T$227:$T$230,V$227:V$230)","v":0}]

{"sheet":"PRICE_RES1","index":6,"n_rows":48,"n_cols":22,"rows_kept":48,"cut":false,"hidden":true,"merged":[[2,2,2,9],[5,2,5,3],[5,4,5,6],[12,2,13,9],[25,3,25,7]]}
[]
[]
[null,null,{"$f":"+\"COLLECTION COSTS CALCULATOR FOR \"&UPPER('Data Entry Needs'!$E$11&\" \")","v":"COLLECTION COSTS CALCULATOR FOR   "},null,null,null,null,null,null,null,null,null,null,null,null,"Sources of biomass","No.","Selection2","Number","Mechanized","Number of skilled workers","person-hour/ha"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Agriculture residues spread in the field",1,{"$f":"+$F$11","v":"Mechanized"},null,"Mechanized2","Skilled labour wage","USD/person-hour"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Agriculture residues collected from field",2,"Selection1",1,"Mechanized4","Average fuel economy","l/h"]
[null,null,"Use white cells to input data",null,"Grey cells are used for calculations",null,null,null,null,null,null,null,null,null,null,"Agriculture residues from food processing plant",3,{"$f":"+VLOOKUP($C$11,$P$3:$Q$10,2,FALSE)","v":1},2,"Mechanized5","Fuel price","USD/l"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Forestry ",4,null,3,"Semi-mechanized","Number of skilled workers","person-hour/ha"]
[null,null,"Biomass Collection Definition",null,null,null,null,null,null,null,null,null,null,null,null,"Forestry and plantation residues",5,null,4,"Semi-mechanized1","Number of unskilled workers","person-hour/ha"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Residues from wood industry",6,null,5,"Semi-mechanized2","Skilled labour wage","USD/person-hour"]
[null,null,"Sources of biomass",null,null,"Collecting method",null,null,null,null,null,null,null,null,null,"Dedicated wood energy plantation ",7,null,null,"Semi-mechanized3","Unskilled labour wage","USD/person-hour"]
[null,null,"Agriculture residues spread in the field",null,null,"Mechanized",null,null,null,null,null,null,null,null,null,"Collection method",null,null,null,"Semi-mechanized4","Average fuel economy","l/h"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Mechanized",null,null,null,"Semi-mechanized5","Fuel Price","USD/l"]
[null,null,{"$f":"IF($R$6=7,\"Warning: Selecting this option you are assuming that briquette producer owns the wood plantation. Then, feedstock price is equal to production cost. \",IF(OR($R$6=1,$R$6=5,$R$6=4),\"Biomass Collection Definition\",\"Warning: Selecting this option you are assuming that this type of biomass is already collected. Then, only transportation cost should be considered. \"))","v":"Biomass Collection Definition"},null,null,null,null,null,null,null,null,null,null,null,null,"Semi-mechanized",null,null,null,"Manual","Number of unskilled workers","person-hour/ha"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Manual",null,null,null,"Manual2","Unskilled labour wage","USD/person-hour"]
[]
[null,null,"Biomass Price Definition"]
[null,null,"Labour cost","Quantity","Unit","Quantity",null,"Unit","Total","Unit"]
[null,null,{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S4,$T$3:$V$14,2,FALSE),\"\"),\"\")","v":"Number of skilled workers"},null,{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S4,$T$3:$V$23,3,FALSE),\"\"),\"\")","v":"person-hour/ha"},{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S6,$T$3:$V$14,2,FALSE),\"\"),\"\")","v":"Skilled labour wage"},{"$f":"IF(F18=\"\",\"\",IF(F18=\"unskilled labour wage\",'Data Entry Needs'!D45,IF(F18=\"skilled labour wage\",'Data Entry Needs'!$D$46)))","v":0},{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S6,$T$3:$V$20,3,FALSE),\"\"),\"\")","v":"USD/person-hour"},{"$f":"+IFERROR(G18*D18*IF($F$11=\"Manual\",(STORAGE_FS1!$F$38/STORAGE_FS1!$F$10)*(COST_FS1!$D$9/COST_FS1!$D$10),(COST_FS1!$D$9/COST_FS1!$D$10)*(STORAGE_FS1!$F$38/STORAGE_FS1!$F$10)),\"\")","v":""},{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"USD/year\",\"\")","v":"USD/year"}]
[null,null,{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S5,$T$3:$V$14,2,FALSE),\"\"),\"\")","v":""},null,{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S5,$T$3:$V$23,3,FALSE),\"\"),\"\")","v":""},{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S7,$T$3:$V$14,2,FALSE),\"\"),\"\")","v":""},{"$f":"IF(F19=\"\",\"\",'Data Entry Needs'!$D$45)","v":""},{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S7,$T$3:$V$27,3,FALSE),\"\"),\"\")","v":""},{"$f":"+IFERROR(G19*D19*IF($F$11=\"Manual\",(STORAGE_FS1!$F$38/STORAGE_FS1!$F$10)*(COST_FS1!$D$9/COST_FS1!$D$10),(COST_FS1!$D$9/COST_FS1!$D$10)*(STORAGE_FS1!$F$38/STORAGE_FS1!$F$10)),\"\")","v":""},{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"USD/year\",\"\")","v":"USD/year"}]
[null,null,null,{"$f":"+IF(AND(C18=\"\",C19=\"\"),0,IF(C18=\"\",D19,IF(C19=\"\",D18,D18+D19)))","v":0},null,null,null,{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"Subtotal\",\"\")","v":"Subtotal"},{"$f":"+SUMIF($I$18:$I$19,\">0\")","v":0},{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"USD/year\",\"\")","v":"USD/year"}]
[null,null,"Machinery & operating cost","Quantity","Unit","Quantity",null,"Unit","Total","Unit"]
[null,null,{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S8,$T$3:$V$14,2,FALSE),\"\"),\"\")","v":"Average fuel economy"},null,{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S8,$T$3:$V$27,3,FALSE),\"\"),\"\")","v":"l/h"},{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S9,$T$3:$V$14,2,FALSE),\"\"),\"\")","v":"Fuel price"},{"$f":"IF(F22=\"\",\"\",'Data Entry Needs'!$D$50)","v":0},{"$f":"+IFERROR(VLOOKUP($R$4&$S9,$T$3:$V$14,3,FALSE),\"\")","v":"USD/l"},{"$f":"+IFERROR(G22*D22*IF($F$11=\"Manual\",0,$D$18*'Data Entry Needs'!$E$12/'Data Entry Needs'!$E$92),\"\")","v":""},{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"USD/year\",\"\")","v":"USD/year"}]
[null,null,null,null,null,null,null,{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"Subtotal\",\"\")","v":"Subtotal"},{"$f":"+I22","v":""},{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"USD/year\",\"\")","v":"USD/year"}]
[null,null,null,null,null,null,null,{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"Total\",\"\")","v":"Total"},{"$f":"IFERROR(I20+I23,I20)","v":0},{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"USD/year\",\"\")","v":"USD/year"}]
[]
[null,null,null,{"$f":"IF($R$6=7,\"Production cost of \",\"Collection price of \")&'Data Entry Needs'!$E$11","v":"Collection price of  "},null,null,null,null,{"$f":"IFERROR(I24/'Data Entry Needs'!$E$12,\"\")","v":""},"USD/ton"]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Collection Method","Efficiency Factor"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Mechanized",1]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Semi-Mechanized",1]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Manual",1]

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[]
[]
[null,null,{"$f":"UPPER(\"Biomass storage calculation for \"&'Data Entry Needs'!$E$11)","v":"BIOMASS STORAGE CALCULATION FOR  "}]
[]
[null,null,"Biomass Safety Stock Rate Definition"]
[]
[]
[null,null,null,null,null,"Capacities (Million litres per year)"]
[null,null,null,"Unit",null,5,null,null,25,null,null,50,null,null,100]
[null,null,"Biomass consumption","t/year",null,{"$f":"+COST_FS1!$G$17","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+COST_FS1!$G$18","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+COST_FS1!$G$19","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+COST_FS1!$G$20","v":{"$error":"#DIV/0!"}}]
[null,null,null,"t/month",null,{"$f":"F10/12","v":{"$error":"#DIV/0!"}},null,null,{"$f":"I10/12","v":{"$error":"#DIV/0!"}},null,null,{"$f":"L10/12","v":{"$error":"#DIV/0!"}},null,null,{"$f":"O10/12","v":{"$error":"#DIV/0!"}}]
[null,null,null,"kg/day",null,{"$f":"F10/365","v":{"$error":"#DIV/0!"}},null,null,{"$f":"I10/365","v":{"$error":"#DIV/0!"}},null,null,{"$f":"L10/365","v":{"$error":"#DIV/0!"}},null,null,{"$f":"O10/365","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Biomass production within a specific distance","t/year",null,{"$f":"+COST_FS1!$D$9","v":0},null,null,{"$f":"F14","v":0},null,null,{"$f":"I14","v":0},null,null,{"$f":"L14","v":0}]
[]
[null,null,"Biomass safety stock rate",null,null,{"$f":"+F17/100","v":0.3},{"$f":"+G17/100","v":0},0,0.3,0,0,0.3,0,0,0.3]
[null,null,null,null,null,30,null,null,30,null,null,30,null,null,30]
[null,null,"Biomass stock pile capacity","t",null,{"$f":"+MAX(F25:F36)","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+MAX(I25:I36)","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+MAX(L25:L36)","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+MAX(O25:O36)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Maximum Storage Definition"]
[]
[null,null,null,null,null,"Capacities (Million litres per year)"]
[null,null,null,null,null,5,null,null,25,null,null,50,null,null,100,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Depletion time definition"]
[null,null,"Harvest Month Selection","Storage Month","Monthly Consumption (t/month)","Cumulative  Storage (ton)","Storage Depletion (t/month)","Monthly Consumption (t/month)","Cumulative  Storage (ton)","Storage Depletion (t/month)","Monthly Consumption (t/month)","Cumulative  Storage (ton)","Storage Depletion (t/month)","Monthly Consumption (t/month)","Cumulative  Storage (ton)","Storage Depletion (t/month)",null,null,null,null,null,null,null,null,null,null,null,"Harvest Period ","Harvest Period ","Depletion term","Depletion month","EQ term","Depletion time","Storageterm","Storage month","EQ term","Storage time"]
[null,null,"January",{"$f":"+IF($AC25=0,0,IF($AC25>$AC36,1,IF($AC25=$AC36,$D36+1,IF($AC36>$AC25,0))))","v":0},{"$f":"+F$11","v":{"$error":"#DIV/0!"}},{"$f":"+IF(AND($D$25=1,$D$36=0,$D$26=0),$F$11*$AG25+$F$11*$F$16,IF($D25>0,($AG25*$F$11/$AK25)*$D25+$F$11*$F$16,0))","v":0},{"$f":"IF(AND($D$25=1,$D$36=0,$D$26=0),$F$11*$AG25+$G$36-E25,IF($D25>0,IFERROR(($AG25*$F$11/$AK25)*$D25,\"\")+$F$11*$F$16,IF($D25=0,G36-E25)))","v":{"$error":"#VALUE!"}},{"$f":"+I$11","v":{"$error":"#DIV/0!"}},{"$f":"+IF(AND($D$25=1,$D$36=0,$D$26=0),$I$11*$AG25+$I$11*$I$16,IF($D25>0,($AG25*$I$11/$AK25)*$D25+$I$11*$I$16,0))","v":0},{"$f":"IF(AND($D$25=1,$D$36=0,$D$26=0),$I$11*$AG25+$J$36-H25,IF($D25>0,IFERROR(($AG25*$I$11/$AK25)*$D25,\"\")+$I$11*$I$16,IF($D25=0,J36-H25)))","v":{"$error":"#VALUE!"}},{"$f":"+L$11","v":{"$error":"#DIV/0!"}},{"$f":"+IF(AND($D$25=1,$D$36=0,$D$26=0),$L$11*$AG25+$L$11*$L$16,IF($D25>0,($AG25*$L$11/$AK25)*$D25+$L$11*$L$16,0))","v":0},{"$f":"IF(AND($D$25=1,$D$36=0,$D$26=0),$L$11*$AG25+$M$36-K25,IF($D25>0,IFERROR(($AG25*$L$11/$AK25)*$D25,\"\")+$L$11*$L$16,IF($D25=0,M36-K25)))","v":{"$error":"#VALUE!"}},{"$f":"+O$11","v":{"$error":"#DIV/0!"}},{"$f":"+IF(AND($D$25=1,$D$36=0,$D$26=0),$O$11*$AG25+$O$11*$O$16,IF($D25>0,($AG25*$O$11/$AK25)*$D25+$O$11*$O$16,0))","v":0},{"$f":"IF(AND($D$25=1,$D$36=0,$D$26=0),$O$11*$AG25+$P$36-N25,IF($D25>0,IFERROR(($AG25*$O$11/$AK25)*$D25,\"\")+$O$11*$O$16,IF($D25=0,P36-N25)))","v":{"$error":"#VALUE!"}},null,null,null,null,null,null,null,null,null,null,null,false,{"$f":"+N(AB25)","v":0},{"$f":"+IF(AND(AC26>AC25,AC25=0),\"Last\"&AF25,\"\")","v":"Last1"},{"$f":"+IF($AC25=1,0,IF($AC25<$AC36,1,IF($AC25=$AC36,$AE36+1,IF($AC36>$AC25,1))))","v":2},1,{"$f":"IFERROR(VLOOKUP(\"LAST\"&AF25,$AD$25:$AE$36,2,FALSE),AK25)","v":2},{"$f":"+IF(AND(AI25>AI26,AI26=0),\"Last\"&AJ25,\"\")","v":""},{"$f":"+IF($AC25=0,0,IF($AC25>$AC36,1,IF($AC25=$AC36,$AI36+1,IF($AC36>$AC25,0))))","v":0},1,{"$f":"IFERROR(VLOOKUP(\"LAST\"&AJ25,$AH$25:$AI$36,2,FALSE),VLOOKUP(\"LAST\"&1,$AH$25:$AI$36,2,FALSE))","v":10}]
[null,null,"February",{"$f":"+IF($AC26=0,0,IF($AC26>$AC25,1,IF($AC26=$AC25,$D25+1,IF($AC25>$AC26,0))))","v":1},{"$error":"#DIV/0!"},{"$f":"IF($D26>0,($AG26*$F$11/$AK26)*$D26+$F$11*$F$16,0)","v":{"$error":"#DIV/0!"}},{"$f":"+IF($D26>0,IFERROR(($AG26*$F$11/$AK26)*$D26,\"\")+$F$11*$F$16,IF($D26=0,G25-E26))","v":{"$error":"#VALUE!"}},{"$error":"#DIV/0!"},{"$f":"IF($D26>0,($AG26*$I$11/$AK26)*$D26+$I$11*$I$16,0)","v":{"$error":"#DIV/0!"}},{"$f":"+IF($D26>0,IFERROR(($AG26*$I$11/$AK26)*$D26,\"\")+$I$11*$I$16,IF($D26=0,J25-H26))","v":{"$error":"#VALUE!"}},{"$error":"#DIV/0!"},{"$f":"IF($D26>0,($AG26*$L$11/$AK26)*$D26+$L$11*$L$16,0)","v":{"$error":"#DIV/0!"}},{"$f":"+IF($D26>0,IFERROR(($AG26*$L$11/$AK26)*$D26,\"\")+$L$11*$L$16,IF($D26=0,M25-K26))","v":{"$error":"#VALUE!"}},{"$error":"#DIV/0!"},{"$f":"IF($D26>0,($AG26*$O$11/$AK26)*$D26+$O$11*$O$16,0)","v":{"$error":"#DIV/0!"}},{"$f":"+IF($D26>0,IFERROR(($AG26*$O$11/$AK26)*$D26,\"\")+$O$11*$O$16,IF($D26=0,P25-N26))","v":{"$error":"#VALUE!"}},null,null,null,null,null,null,null,null,null,null,null,true,{"$f":"+N(AB26)","v":1},{"$f":"+IF(AND(AC27>AC26,AC26=0),\"Last\"&AF26,\"\")","v":""},{"$f":"+IF($AC26=1,0,IF($AC26<$AC25,1,IF($AC26=$AC25,$AE25+1,IF($AC25>$AC26,1))))","v":0},{"$f":"+IF($AE25>$AE26,$AF25+1,$AF25)","v":2},{"$f":"IFERROR(VLOOKUP(\"LAST\"&AF26,$AD$25:$AE$36,2,FALSE),$AG$25)","v":2},{"$f":"+IF(AND(AI26>AI27,AI27=0),\"Last\"&AJ26,\"\")","v":""},{"$f":"+IF($AC26=0,0,IF($AC26>$AC25,1,IF($AC26=$AC25,$AI25+1,IF($AC25>$AC26,0))))","v":1},{"$f":"+IF($AI25>$AI26,$AJ25+1,$AJ25)","v":1},10]
[null,null,"March",2,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,true,1,{"$f":"+IF(AND(AC28>AC27,AC27=0),\"Last\"&AF27,\"\")","v":""},0,2,2,{"$f":"+IF(AND(AI27>AI28,AI28=0),\"Last\"&AJ27,\"\")","v":""},2,1,10]
[null,null,"April",3,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,true,1,{"$f":"+IF(AND(AC29>AC28,AC28=0),\"Last\"&AF28,\"\")","v":""},0,2,2,{"$f":"+IF(AND(AI28>AI29,AI29=0),\"Last\"&AJ28,\"\")","v":""},3,1,10]
[null,null,"May",4,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,true,1,"",0,2,2,{"$f":"+IF(AND(AI29>AI30,AI30=0),\"Last\"&AJ29,\"\")","v":""},4,1,10]
[null,null,"June",5,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,true,1,"",0,2,2,"",5,1,10]
[null,null,"July",6,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,true,1,"",0,2,2,"",6,1,10]
[null,null,"August",7,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,true,1,"",0,2,2,"",7,1,10]
[null,null,"September",8,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,true,1,"",0,2,2,"",8,1,10]
[null,null,"October",9,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,true,1,"",0,2,2,"",9,1,10]
[null,null,"November",10,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,true,1,"",0,2,2,"Last1",10,1,10]
[null,null,"December",0,{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,false,0,{"$f":"+IF(AND(AC25>AC36,AC36=0),\"Last\"&AF36,\"\")","v":""},1,2,2,{"$f":"+IF(AND(AI36>AI25,AI25=0),\"Last\"&AJ36,\"\")","v":""},0,2,10]
[]
[null,null,"Maximum Storage Capacity Required (ton)",null,null,{"$f":"+ROUNDUP(MAX(F25:F36),0)","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+ROUNDUP(MAX(I25:I36),0)","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+ROUNDUP(MAX(L25:L36),0)","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+ROUNDUP(MAX(O25:O36),0)","v":{"$error":"#DIV/0!"}}]
[null,null,"Minimum Safety Storage (ton)",null,null,{"$f":"+ROUNDUP(MIN(G25:G36),0)","v":{"$error":"#VALUE!"}},null,null,{"$f":"+ROUNDUP(MIN(J25:J36),0)","v":{"$error":"#VALUE!"}},null,null,{"$f":"+ROUNDUP(MIN(M25:M36),0)","v":{"$error":"#VALUE!"}},null,null,{"$f":"+ROUNDUP(MIN(P25:P36),0)","v":{"$error":"#VALUE!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"No. Storage Months",{"$f":"+COUNTIF(AC25:AC36,\">0\")","v":10}]
[null,null,"Monthly Consumption of Biomass Stocked",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total Depletion Period",{"$f":"12-AC40","v":2}]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"5&\" (ML/year)\"","v":"5 (ML/year)"},{"$f":"25&\" (ML/year)\"","v":"25 (ML/year)"},{"$f":"50&\" (ML/year)\"","v":"50 (ML/year)"},{"$f":"100&\" (ML/year)\"","v":"100 (ML/year)"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+LEFT(C25,3)","v":"Jan"},{"$f":"+G25","v":{"$error":"#VALUE!"}},{"$f":"+J25","v":{"$error":"#VALUE!"}},{"$f":"+M25","v":{"$error":"#VALUE!"}},{"$f":"+P25","v":{"$error":"#VALUE!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feb",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Mar",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Apr",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"May",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Jun",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+LEFT(C31,3)","v":"Jul"},{"$f":"+G31","v":{"$error":"#VALUE!"}},{"$f":"+J31","v":{"$error":"#VALUE!"}},{"$f":"+M31","v":{"$error":"#VALUE!"}},{"$f":"+P31","v":{"$error":"#VALUE!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Aug",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sep",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Oct",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Nov",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Dec",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]

{"sheet":"COST_FS1","index":8,"n_rows":140,"n_cols":38,"rows_kept":140,"cut":false,"hidden":false,"merged":[[39,2,40,2],[39,3,40,3],[45,2,46,2],[45,3,46,3],[54,2,55,2],[54,3,55,3],[33,11,33,12],[2,2,2,12],[24,2,26,2],[24,5,26,6],[24,9,26,10],[22,2,22,12],[27,5,27,6],[27,9,27,10],[28,5,28,6],[28,9,28,10],[32,5,32,12],[5,3,5,5],[33,5,33,6],[33,7,33,8],[33,9,33,10],[150,29,150,31],[89,2,90,2],[89,3,90,3],[60,2,61,2],[60,3,61,3],[89,4,90,4],[67,2,68,2],[67,3,68,3],[73,2,74,2],[73,3,74,3],[83,2,84,2],[83,3,84,3],[96,2,97,2],[96,3,97,3]]}
[]
[]
[null,null,{"$f":"+UPPER(\" Processing costs for ethanol production from \"&'Data Entry Needs'!$E$11)","v":" PROCESSING COSTS FOR ETHANOL PRODUCTION FROM  "}]
[]
[]
[null,null,"Use white cells to input data","Grey cells are used for calculations"]
[null,null,"Summary of Feedstock and Storage",null,null,"Financial Parameters",null,null,null,"Investment Cost Update"]
[]
[null,null,"Feedstock available (t/year)",{"$f":"+'Data Entry Needs'!$E$12","v":0},null,"Discount rate (%)",null,{"$f":"+'Data Entry Needs'!D79","v":0},null,{"$f":"+'Data Entry Needs'!$F$80","v":"Plant Cost Index during 4/2017"},null,{"$f":"+'Data Entry Needs'!$H$80","v":0}]
[null,null,{"$f":"'Data Entry Needs'!$C$57&\" (USD/l)\"","v":"Ethanol storage cost (USD/l)"},{"$f":"'Data Entry Needs'!$D$57","v":0},null,"Loan interest rate (%)",null,{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,null,{"$f":"'Data Entry Needs'!$F$57","v":"Storage rate of ethanol"},{"$f":"'Data Entry Needs'!$H$57","v":0},null,"Loan term (years)",null,{"$f":"+'Data Entry Needs'!D81","v":0}]
[null,null,"Feedstock storage cost (USD/t)",{"$f":"+'Data Entry Needs'!$E$19","v":0}]
[]
[]
[]
[null,null,"Transport Distance of Feedstock",null,"Transport Quantity"]
[null,null,"Distance SIZE 1 (5 ML) (km)",null,"Size 1 (t/year)",null,{"$f":"+$F$42","v":{"$error":"#DIV/0!"}}]
[null,null,"Distance SIZE 2 (25 ML) (km)",null,"Size 2 (t/year)",null,{"$f":"+$H$42","v":{"$error":"#DIV/0!"}}]
[null,null,"Distance SIZE 3 (50 ML) (km)",null,"Size 3 (t/year)",null,{"$f":"+$J$42","v":{"$error":"#DIV/0!"}}]
[null,null,"Distance SIZE 4 (100 ML) (km)",null,"Size 4 (t/year)",null,{"$f":"+$L$42","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Feedstock Production Schemes"]
[null,null,"PLEASE INCLUDE AT LEAST ONE SCENARIO TO OBTAIN RESULTS"]
[null,null,"Scenario 1: Own Production",null,null,"Scenario 2: Mixed",null,null,null,"Scenario 3: Outgrowers"]
[null,null,{"$f":"+\"Description: 100% of \"&'Data Entry Needs'!$E$11&\" feedstock collected on site\"","v":"Description: 100% of   feedstock collected on site"},null,null,{"$f":"+\"Description: \"&$AC$139&\"% of \"&'Data Entry Needs'!$E$11&\" feedstock produced directly by processing plant, and \"&(100-$AC$139)&\"% provided by outgrowers at market price.\"","v":"Description: 60% of   feedstock produced directly by processing plant, and 40% provided by outgrowers at market price."},null,null,null,{"$f":"+\"Description: 100% of \"&'Data Entry Needs'!$E$11&\" feedstock is provided by outgrowers at market price.\"","v":"Description: 100% of   feedstock is provided by outgrowers at market price."}]
[]
[]
[null,null,null,null,null,{"$f":"\"Feedstock Price = \"&$AC$139&\"%*Own Production Cost + \"&(100-$AC$139)&\"%*Outgrowers Cost\"","v":"Feedstock Price = 60%*Own Production Cost + 40%*Outgrowers Cost"},null,null,null,"Feedstock Price = 100%*Market Price or Collection Cost","Feedstock Price = 100%*Production Cost"]
[null,null,{"$f":"IF('Data Entry Needs'!E10 = \"Ligno. Residues\",0,+'Data Entry Needs'!$E$14)","v":0},null,null,{"$f":"C29*COST_FS1!$AB$140+J29*COST_FS1!$AB$139","v":0},null,null,null,{"$f":"IF('Data Entry Needs'!E10=\"Ligno. Energy Crops\",'Data Entry Needs'!$E$15,IF('Data Entry Needs'!C18,'Data Entry Needs'!E18,'Data Entry Needs'!E17))","v":0}]
[]
[null,null,"Production Cost Details"]
[]
[null,null,null,null,null,"Capacities (Million litres per year)"]
[null,null,null,null,null,5,null,25,null,50,null,100]
[null,null,null,null,null,"Operating hours per year",{"$f":"+'Data Entry Needs'!$G$43*24","v":0},"Operating hours per year",{"$f":"+'Data Entry Needs'!$G$43*24","v":0},"Operating hours per year",{"$f":"+'Data Entry Needs'!$G$43*24","v":0},"Operating hours per year",{"$f":"+'Data Entry Needs'!$G$43*24","v":0}]
[null,null,"Scenario 1: Own Production"]
[null,null,"Scenario 2: Mixed"]
[null,null,"Scenario 3: Outgrowers"]
[]
[null,null,"Feedstock","Unit","Unit Price","Quantity ","Total","Quantity ","Total","Quantity ","Total","Quantity ","Total"]
[null,null,null,null,"(USD)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)"]
[null,null,{"$f":"+'Data Entry Needs'!$E$11&\" Scenario 1\"","v":"  Scenario 1"},{"$f":"Allocator!C35","v":"t/year"},{"$f":"+$C$29","v":0},{"$f":"+Allocator!$D$35","v":{"$error":"#DIV/0!"}},{"$f":"+F42*E42","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$E$35","v":{"$error":"#DIV/0!"}},{"$f":"+H42*$E42","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$F$35","v":{"$error":"#DIV/0!"}},{"$f":"+J42*$E42","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$G$35","v":{"$error":"#DIV/0!"}},{"$f":"+L42*$E42","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"+'Data Entry Needs'!$E$11&\" Scenario 2\"","v":"  Scenario 2"},{"$f":"D42","v":"t/year"},{"$f":"+$F$29","v":0},{"$f":"+Allocator!$D$35","v":{"$error":"#DIV/0!"}},{"$f":"+F43*E43","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$E$35","v":{"$error":"#DIV/0!"}},{"$f":"+H43*$E43","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$F$35","v":{"$error":"#DIV/0!"}},{"$f":"+J43*$E43","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$G$35","v":{"$error":"#DIV/0!"}},{"$f":"+L43*$E43","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"+'Data Entry Needs'!$E$11&\" Scenario 3\"","v":"  Scenario 3"},{"$f":"D43","v":"t/year"},{"$f":"+J29","v":0},{"$f":"+Allocator!$D$35","v":{"$error":"#DIV/0!"}},{"$f":"+F44*E44","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$E$35","v":{"$error":"#DIV/0!"}},{"$f":"+H44*$E44","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$F$35","v":{"$error":"#DIV/0!"}},{"$f":"+J44*$E44","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$G$35","v":{"$error":"#DIV/0!"}},{"$f":"+L44*$E44","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Other chemical inputs","Unit","Unit Price","Quantity ","Total","Quantity ","Total","Quantity ","Total","Quantity ","Total"]
[null,null,null,null,"(USD)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)"]
[null,null,{"$f":"Allocator!B36","v":"Sulfuric Acid"},{"$f":"Allocator!C36","v":"t/year"},{"$f":"'Data Entry Needs'!D34","v":0},{"$f":"Allocator!D36","v":{"$error":"#DIV/0!"}},{"$f":"+F48*E48","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E36","v":{"$error":"#DIV/0!"}},{"$f":"+H48*$E48","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F36","v":{"$error":"#DIV/0!"}},{"$f":"+J48*$E48","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G36","v":{"$error":"#DIV/0!"}},{"$f":"+L48*$E48","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"Allocator!B37","v":"Water"},{"$f":"Allocator!C37","v":"m3/year"},{"$f":"'Data Entry Needs'!D39","v":0},{"$f":"Allocator!D37","v":{"$error":"#DIV/0!"}},{"$f":"+F49*E49","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E37","v":{"$error":"#DIV/0!"}},{"$f":"+H49*$E49","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F37","v":{"$error":"#DIV/0!"}},{"$f":"+J49*$E49","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G37","v":{"$error":"#DIV/0!"}},{"$f":"+L49*$E49","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"Allocator!B38","v":"Ammonia"},{"$f":"Allocator!C38","v":"t/year"},{"$f":"'Data Entry Needs'!D32","v":0},{"$f":"Allocator!D38","v":{"$error":"#DIV/0!"}},{"$f":"+F50*E50","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E38","v":{"$error":"#DIV/0!"}},{"$f":"+H50*$E50","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F38","v":{"$error":"#DIV/0!"}},{"$f":"+J50*$E50","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G38","v":{"$error":"#DIV/0!"}},{"$f":"+L50*$E50","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"Allocator!B39","v":"Enzyme"},{"$f":"Allocator!C39","v":"t/year"},{"$f":"'Data Entry Needs'!G32","v":0},{"$f":"Allocator!D39","v":{"$error":"#DIV/0!"}},{"$f":"+F51*E51","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E39","v":{"$error":"#DIV/0!"}},{"$f":"+H51*$E51","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F39","v":{"$error":"#DIV/0!"}},{"$f":"+J51*$E51","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G39","v":{"$error":"#DIV/0!"}},{"$f":"+L51*$E51","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"Allocator!B40","v":"Yeast"},{"$f":"Allocator!C40","v":"t/year"},{"$f":"'Data Entry Needs'!D33","v":0},{"$f":"Allocator!D40","v":{"$error":"#DIV/0!"}},{"$f":"+F52*E52","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E40","v":{"$error":"#DIV/0!"}},{"$f":"+H52*$E52","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F40","v":{"$error":"#DIV/0!"}},{"$f":"+J52*$E52","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G40","v":{"$error":"#DIV/0!"}},{"$f":"+L52*$E52","v":{"$error":"#DIV/0!"}}]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G48:G52)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I48:I52)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K48:K52)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M48:M52)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Energy inputs","Unit","Unit Price","Quantity ","Total","Quantity ","Total","Quantity ","Total","Quantity ","Total"]
[null,null,null,null,"(USD)","(Unit)","(USD/year)","(Unit/year)","(USD/year)","(Unit/year)","(USD/year)","(Unit/year)","(USD/year)"]
[null,null,{"$f":"Allocator!B41","v":"Steam"},{"$f":"Allocator!C41","v":"t/y"},{"$f":"'Data Entry Needs'!D38","v":0},{"$f":"Allocator!D41","v":{"$error":"#DIV/0!"}},{"$f":"+F57*E57","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E41","v":{"$error":"#DIV/0!"}},{"$f":"+H57*$E57","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F41","v":{"$error":"#DIV/0!"}},{"$f":"+J57*$E57","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G41","v":{"$error":"#DIV/0!"}},{"$f":"+L57*$E57","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"Allocator!B42","v":"Electricity"},{"$f":"Allocator!C42","v":"kWh/y"},{"$f":"'Data Entry Needs'!D40","v":0},{"$f":"Allocator!D42","v":{"$error":"#DIV/0!"}},{"$f":"+F58*E58","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E42","v":{"$error":"#DIV/0!"}},{"$f":"+H58*$E58","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F42","v":{"$error":"#DIV/0!"}},{"$f":"+J58*$E58","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G42","v":{"$error":"#DIV/0!"}},{"$f":"+L58*$E58","v":{"$error":"#DIV/0!"}}]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G57:G58)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I57:I58)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K57:K58)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M57:M58)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Labour and miscellaneous cost","Unit","Unit Price","Quantity ","Total","Quantity ","Total","Quantity ","Total","Quantity ","Total"]
[null,null,null,null,"(USD/hour)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)"]
[null,null,"Unskilled worker","# Employee",{"$f":"+'Data Entry Needs'!$D$43","v":0},{"$f":"+IF((F34/3.785)<6,6,ROUND(F34/3.785,0))*3","v":18},{"$f":"+E63*F63*8000","v":0},{"$f":"+IF((H34/3.785)<6,6,ROUND(H34/3.785,0))*3","v":21},{"$f":"+$E63*H63*8000","v":0},{"$f":"+IF((J34/3.785)<6,6,ROUND(J34/3.785,0))*3","v":39},{"$f":"+$E63*J63*8000","v":0},{"$f":"+IF((L34/3.785)<6,6,ROUND(L34/3.785,0))*3","v":78},{"$f":"+$E63*L63*8000","v":0}]
[null,null,"Skilled worker","# Employee",{"$f":"+'Data Entry Needs'!$D$44","v":0},{"$f":"+ROUND(F63/4,0)","v":5},{"$f":"+E64*F64*8000","v":0},{"$f":"+ROUND(H63/4,0)","v":5},{"$f":"+$E64*H64*8000","v":0},{"$f":"+ROUND(J63/4,0)","v":10},{"$f":"+$E64*J64*8000","v":0},{"$f":"+ROUND(L63/4,0)","v":20},{"$f":"+$E64*L64*8000","v":0}]
[null,null,"Miscellaneous costs",null,null,{"$f":"+'Data Entry Needs'!$G$44","v":0},{"$f":"+F65*SUM(G63:G64)","v":0},{"$f":"+$F$65","v":0},{"$f":"+H65*SUM(I63:I64)","v":0},{"$f":"+H65","v":0},{"$f":"+J65*SUM(K63:K64)","v":0},{"$f":"+J65","v":0},{"$f":"+L65*SUM(M63:M64)","v":0}]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G63:G65)","v":0},null,{"$f":"SUM(I63:I65)","v":0},null,{"$f":"SUM(K63:K65)","v":0},null,{"$f":"SUM(M63:M65)","v":0}]
[]
[null,null,"Transportation","Unit","Unit Price","Quantity ","Total","Quantity ","Total","Quantity ","Total","Quantity ","Total"]
[null,null,null,null,"(USD/t/unit)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)"]
[null,null,"Feedstock (farm to plant)","km",{"$f":"+'Data Entry Needs'!$D$53","v":0},{"$f":"+$D$17","v":0},{"$f":"+$E$70*F70*$G$17","v":{"$error":"#DIV/0!"}},{"$f":"+$D$18","v":0},{"$f":"+$E$70*H70*$G$18","v":{"$error":"#DIV/0!"}},{"$f":"+$D$19","v":0},{"$f":"+$E$70*J70*$G$19","v":{"$error":"#DIV/0!"}},{"$f":"$D$20","v":0},{"$f":"+$E$70*L70*$G$20","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G70:G70)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I70:I70)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K70:K70)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M70:M70)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Investment","Unit","Years","Total","Depreciation","Total","Depreciation","Total","Depreciation","Total","Depreciation"]
[null,null,"Investment",null,null,"(USD)","(USD/year)","(USD)","(USD/year)","(USD)","(USD/year)","(USD)","(USD/year)"]
[null,null,"Buildings","USD",20,{"$f":"Allocator!J35","v":7418000},{"$f":"+F76/$E76","v":370900},{"$f":"Allocator!K35","v":19482000},{"$f":"+H76/$E76","v":974100},{"$f":"Allocator!L35","v":29528000},{"$f":"+J76/$E76","v":1476400},{"$f":"Allocator!M35","v":44757000},{"$f":"+L76/$E76","v":2237850}]
[null,null,"Plant and Equipment","USD",20,{"$f":"Allocator!J36","v":28290000},{"$f":"+F77/$E77","v":1414500},{"$f":"Allocator!K36","v":74303000},{"$f":"+H77/$E77","v":3715150},{"$f":"Allocator!L36","v":112622000},{"$f":"+J77/$E77","v":5631100},{"$f":"Allocator!M36","v":170703000},{"$f":"+L77/$E77","v":8535150}]
[]
[null,null,"Total investment",null,null,{"$f":"SUM(F76:F78)","v":35708000},null,{"$f":"SUM(H76:H78)","v":93785000},null,{"$f":"SUM(J76:J78)","v":142150000},null,{"$f":"SUM(L76:L78)","v":215460000}]
[null,null,null,null,null,"Total Depreciation",{"$f":"SUM(G76:G79)","v":1785400},"Total Depreciation",{"$f":"SUM(I76:I79)","v":4689250},"Total Depreciation",{"$f":"SUM(K76:K79)","v":7107500},"Total Depreciation",{"$f":"SUM(M76:M79)","v":10773000}]
[null,null,"Maintenance cost",null,{"$f":"+'Data Entry Needs'!$D$60","v":0},null,{"$f":"+$E$81*G80","v":0},null,{"$f":"+E81*$I$80","v":0},null,{"$f":"+$E$81*K80","v":0},null,{"$f":"+$E$81*M80","v":0}]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G80:G81)","v":1785400},null,{"$f":"SUM(I80:I81)","v":4689250},null,{"$f":"SUM(K80:K81)","v":7107500},null,{"$f":"SUM(M80:M81)","v":10773000}]
[]
[null,null,"Storage","Unit","Unit Price","Quantity ","Total","Quantity ","Total","Quantity ","Total","Quantity ","Total"]
[null,null,null,"(%)","(USD)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)"]
[null,null,"Feedstock (biomass)","t",{"$f":"+$D$12","v":0},{"$f":"+STORAGE_FS1!$F$38","v":{"$error":"#DIV/0!"}},{"$f":"+F86*$E$86","v":{"$error":"#DIV/0!"}},{"$f":"+STORAGE_FS1!$I$38","v":{"$error":"#DIV/0!"}},{"$f":"+H86*$E$86","v":{"$error":"#DIV/0!"}},{"$f":"+STORAGE_FS1!$L$38","v":{"$error":"#DIV/0!"}},{"$f":"+J86*$E$86","v":{"$error":"#DIV/0!"}},{"$f":"+STORAGE_FS1!$O$38","v":{"$error":"#DIV/0!"}},{"$f":"+L86*$E$86","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"+'Data Entry Needs'!$E$10& \" Ethanol\"","v":"Please Select Ethanol"},"litre",{"$f":"+$D$10","v":0},{"$f":"5000000*$D$11","v":0},{"$f":"+$E$87*F87","v":0},{"$f":"25000000*$D$11","v":0},{"$f":"+$E$87*H87","v":0},{"$f":"50000000*$D$11","v":0},{"$f":"+$E$87*J87","v":0},{"$f":"100000000*$D$11","v":0},{"$f":"+$E$87*L87","v":0}]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G86:G87)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I86:I87)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K86:K87)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M86:M87)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Other costs","Unit","Rate (%)",null,"Total",null,"Total",null,"Total",null,"Total"]
[null,null,null,null,null,null,"(USD/year)",null,"(USD/year)",null,"(USD/year)",null,"(USD/year)"]
[null,null,"Plant overhead","USD",{"$f":"+'Data Entry Needs'!$D$61","v":0},null,{"$f":"+(G63+G64+G81)*$E$92","v":0},null,{"$f":"+(I63+I64+I81)*$E$92","v":0},null,{"$f":"+(K63+K64+K81)*$E$92","v":0},null,{"$f":"+(M63+M64+M81)*$E$92","v":0}]
[null,null,"General and administrative","USD",{"$f":"+'Data Entry Needs'!$D$62","v":0},null,{"$f":"+(G59+G66+G92+G81)*$E$93","v":{"$error":"#DIV/0!"}},null,{"$f":"+(I59+I66+I92+I81)*$E$93","v":{"$error":"#DIV/0!"}},null,{"$f":"+(K59+K66+K92+K81)*$E$93","v":{"$error":"#DIV/0!"}},null,{"$f":"+(M59+M66+M92+M81)*$E$93","v":{"$error":"#DIV/0!"}}]
[null,null,"Loan interest","USD",null,null,{"$f":"-FA5_FS1_SC1!$G$68","v":0},null,{"$f":"-FA25_FS1_SC1!$G$68","v":0},null,{"$f":"-FA50_FS1_SC1!$G$68","v":0},null,{"$f":"-FA100_FS1_SC1!$G$68","v":0}]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G92:G94)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I92:I94)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K92:K94)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M92:M94)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Co-Products Credits","Unit","Unit Price","Quantity ","Total","Quantity ","Total","Quantity ","Total","Quantity ","Total"]
[null,null,null,null,"(USD)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)"]
[null,null,{"$f":"Allocator!B45","v":"Electricity"},{"$f":"Allocator!C45","v":"kWh/y"},{"$f":"'Data Entry Needs'!G65","v":0},{"$f":"Allocator!D45","v":{"$error":"#DIV/0!"}},{"$f":"$E$99*F99","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E45","v":{"$error":"#DIV/0!"}},{"$f":"$E$99*H99","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F45","v":{"$error":"#DIV/0!"}},{"$f":"$E$99*J99","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G45","v":{"$error":"#DIV/0!"}},{"$f":"$E$99*L99","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"Allocator!B47","v":"CO2"},{"$f":"Allocator!C47","v":"t/year"},{"$f":"'Data Entry Needs'!D65","v":0},{"$f":"Allocator!D47","v":{"$error":"#DIV/0!"}},{"$f":"$E$100*F100","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E47","v":{"$error":"#DIV/0!"}},{"$f":"$E$100*H100","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F47","v":{"$error":"#DIV/0!"}},{"$f":"$E$100*J100","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G47","v":{"$error":"#DIV/0!"}},{"$f":"$E$100*L100","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"Allocator!B48","v":"Lignin"},{"$f":"Allocator!C48","v":"t/year"},{"$f":"'Data Entry Needs'!D66","v":0},{"$f":"Allocator!D48","v":{"$error":"#DIV/0!"}},{"$f":"$E$101*F101","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E48","v":{"$error":"#DIV/0!"}},{"$f":"$E$101*H101","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F48","v":{"$error":"#DIV/0!"}},{"$f":"$E$101*J101","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G48","v":{"$error":"#DIV/0!"}},{"$f":"$E$101*L101","v":{"$error":"#DIV/0!"}}]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G99:G101)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I99:I101)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K99:K101)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M99:M101)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Total Production Costs (USD/year)"]
[]
[null,null,null,null,null,"Total","Total","Total","Total","Total","Total","Total","Total"]
[null,null,null,null,null,"(USD/year)","(USD/l)","(USD/year)","(USD/l)","(USD/year)","(USD/l)","(USD/year)","(USD/l)"]
[null,null,"Scenario 1"]
[null,null,"Total operating costs",null,null,{"$f":"G42+G53+G59+G66+G72","v":{"$error":"#DIV/0!"}},{"$f":"+F109/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I42+I53+I59+I66+I72","v":{"$error":"#DIV/0!"}},{"$f":"+H109/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K42+K53+K59+K66+K72","v":{"$error":"#DIV/0!"}},{"$f":"+J109/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M42+M53+M59+M66+M72","v":{"$error":"#DIV/0!"}},{"$f":"+L109/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Total fixed costs",null,null,{"$f":"G82+G88","v":{"$error":"#DIV/0!"}},{"$f":"+F110/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I82+I88","v":{"$error":"#DIV/0!"}},{"$f":"+H110/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K82+K88","v":{"$error":"#DIV/0!"}},{"$f":"+J110/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M82+M88","v":{"$error":"#DIV/0!"}},{"$f":"+L110/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Total other costs",null,null,{"$f":"G95","v":{"$error":"#DIV/0!"}},{"$f":"+F111/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I95","v":{"$error":"#DIV/0!"}},{"$f":"+H111/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K95","v":{"$error":"#DIV/0!"}},{"$f":"+J111/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M95","v":{"$error":"#DIV/0!"}},{"$f":"+L111/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Co-Products Credits",null,null,{"$f":"-G102","v":{"$error":"#DIV/0!"}},{"$f":"+F112/5000000","v":{"$error":"#DIV/0!"}},{"$f":"-I102","v":{"$error":"#DIV/0!"}},{"$f":"+H112/25000000","v":{"$error":"#DIV/0!"}},{"$f":"-K102","v":{"$error":"#DIV/0!"}},{"$f":"+J112/50000000","v":{"$error":"#DIV/0!"}},{"$f":"-M102","v":{"$error":"#DIV/0!"}},{"$f":"+L112/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Total production costs scenario 1 (USD/year)",null,null,{"$f":"SUM(F109:F112)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(H109:H112)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(J109:J112)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(L109:L112)","v":{"$error":"#DIV/0!"}}]
[null,null,"Total production costs scenario 1 (USD/l)",null,null,null,{"$f":"SUM(G109:G112)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I109:I112)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K109:K113)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M109:M113)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Scenario 2"]
[null,null,"Total operating costs",null,null,{"$f":"G43+G53+G59+G66+G72","v":{"$error":"#DIV/0!"}},{"$f":"+F117/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I43+I53+I59+I66+I72","v":{"$error":"#DIV/0!"}},{"$f":"+H117/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K43+K53+K59+K66+K72","v":{"$error":"#DIV/0!"}},{"$f":"+J117/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M43+M53+M59+M66+M72","v":{"$error":"#DIV/0!"}},{"$f":"+L117/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Total fixed costs",null,null,{"$f":"G82+G88","v":{"$error":"#DIV/0!"}},{"$f":"+F118/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I82+I88","v":{"$error":"#DIV/0!"}},{"$f":"+H118/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K82+K88","v":{"$error":"#DIV/0!"}},{"$f":"+J118/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M82+M88","v":{"$error":"#DIV/0!"}},{"$f":"+L118/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Total other costs",null,null,{"$f":"G95","v":{"$error":"#DIV/0!"}},{"$f":"+F119/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I95","v":{"$error":"#DIV/0!"}},{"$f":"+H119/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K95","v":{"$error":"#DIV/0!"}},{"$f":"+J119/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M95","v":{"$error":"#DIV/0!"}},{"$f":"+L119/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Co-Products Credits",null,null,{"$f":"-G102","v":{"$error":"#DIV/0!"}},{"$f":"G112","v":{"$error":"#DIV/0!"}},{"$f":"-I102","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"-K102","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"-M102","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,"Total production costs scenario 2 (USD/year)",null,null,{"$f":"SUM(F117:F120)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(H117:H120)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(J117:J120)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(L117:L120)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1]
[null,null,"Total production costs scenario 2 (USD/l)",null,null,null,{"$f":"SUM(G117:G121)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I117:I120)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K117:K121)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M117:M121)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1]
[null,null,"Scenario 3",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1]
[null,null,"Total operating costs",null,null,{"$f":"G44+G53+G59+G66+G72","v":{"$error":"#DIV/0!"}},{"$f":"+F125/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I44+I53+I59+I66+I72","v":{"$error":"#DIV/0!"}},{"$f":"+H125/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K44+K53+K59+K66+K72","v":{"$error":"#DIV/0!"}},{"$f":"+J125/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M44+M53+M59+M66+M72","v":{"$error":"#DIV/0!"}},{"$f":"+L125/100000000","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1]
[null,null,"Total fixed costs",null,null,{"$f":"G82+G88","v":{"$error":"#DIV/0!"}},{"$f":"+F126/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I82+I88","v":{"$error":"#DIV/0!"}},{"$f":"+H126/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K82+K88","v":{"$error":"#DIV/0!"}},{"$f":"+J126/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M82+M88","v":{"$error":"#DIV/0!"}},{"$f":"+L126/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Total other costs",null,null,{"$f":"G95","v":{"$error":"#DIV/0!"}},{"$f":"+F127/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I95","v":{"$error":"#DIV/0!"}},{"$f":"+H127/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K95","v":{"$error":"#DIV/0!"}},{"$f":"+J127/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M95","v":{"$error":"#DIV/0!"}},{"$f":"+L127/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Co-Products Credits",null,null,{"$f":"-G102","v":{"$error":"#DIV/0!"}},{"$f":"G120","v":{"$error":"#DIV/0!"}},{"$f":"-I102","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"-K102","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"-M102","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,"Total production costs scenario 3 (USD/year)",null,null,{"$f":"SUM(F125:F128)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(H125:H128)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(J125:J128)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(L125:L128)","v":{"$error":"#DIV/0!"}}]
[null,null,"Total production costs scenario 3 (USD/l)",null,null,null,{"$f":"SUM(G125:G128)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I125:I128)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K125:K129)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M125:M129)","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"sc2",null,"Ratios","sc1",null,"sc3"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Factory (%)",{"$f":"+AC139/100","v":0.6},60,"Factory (%)",1,"Factory (%)",0,"yes"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Outgrower (%)",{"$f":"1-AB139","v":0.4},null,"Outgrower (%)",0,"Outgrower (%)",1,"no"]

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[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 5 Million Litres/year SCENARIO 1\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 5 MILLION LITRES/YEAR SCENARIO 1"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",5,{"$f":"C9","v":5},5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":5000000},{"$f":"+C10","v":5000000},5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000]
[null,"Loss in production processing (%)",null,0,{"$f":"+D11","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":5000000},{"$f":"+C12","v":5000000},{"$f":"+D12","v":5000000},5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS1!$G$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS1!$G$100+COST_FS1!$G$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$f":"D18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Equipments",{"$f":"+COST_FS1!$F76","v":7418000}]
[null,"Building",{"$f":"+COST_FS1!$F77","v":28290000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":28290000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":35708000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,28290000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":7141600}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":7.1416000000000004}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS1!$G$42","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS1!$G$53","v":{"$error":"#DIV/0!"}},{"$f":"+C40","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS1!$G$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS1!$G$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS1!$G$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS1!$G$80","v":1785400},{"$f":"+C44","v":1785400},1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS1!$G$81","v":0},{"$f":"+C45","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS1!$G$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS1!$G$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS1!$G$93","v":{"$error":"#DIV/0!"}},{"$f":"+C48","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},{"$f":"D55","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null," Escalation rate of labour cost (%)",null,0,{"$f":"+D62","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":1785400},{"$f":"C78","v":1785400},{"$f":"D78","v":1785400},1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-35708000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-35708000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-1785400},{"$f":"-E78","v":-1785400},-1785400,{"$f":"-G78","v":-1785400},-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-35708000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-35708000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-35708000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"FA5_FS1_SC2","index":10,"n_rows":117,"n_cols":23,"rows_kept":117,"cut":false,"hidden":true,"merged":[[1,1,1,13]]}
[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 5 Million Litres/year SCENARIO 2\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 5 MILLION LITRES/YEAR SCENARIO 2"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",5,{"$f":"C9","v":5},5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":5000000},{"$f":"+C10","v":5000000},5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":5000000},{"$f":"+C12","v":5000000},5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS1!$G$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS1!$G$100+COST_FS1!$G$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Equipments",{"$f":"+COST_FS1!$F76","v":7418000}]
[null,"Building",{"$f":"+COST_FS1!$F77","v":28290000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":28290000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":35708000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,28290000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":7141600}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":7.1416000000000004}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS1!$G$43","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS1!$G$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS1!$G$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS1!$G$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS1!$G$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS1!$G$80","v":1785400},1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS1!$G$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS1!$G$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS1!$G$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS1!$G$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":1785400},{"$f":"C78","v":1785400},{"$f":"D78","v":1785400},1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-35708000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-35708000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-1785400},{"$f":"-E78","v":-1785400},-1785400,{"$f":"-G78","v":-1785400},-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-35708000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-35708000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-35708000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"FA5_FS1_SC3","index":11,"n_rows":117,"n_cols":23,"rows_kept":117,"cut":false,"hidden":true,"merged":[[1,1,1,13]]}
[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 5 Million Litres/year SCENARIO 3\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 5 MILLION LITRES/YEAR SCENARIO 3"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",5,{"$f":"C9","v":5},5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":5000000},{"$f":"+C10","v":5000000},5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,{"$f":"+S10","v":5000000},5000000,5000000,5000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":5000000},{"$f":"+C12","v":5000000},5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS1!$G$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS1!$G$100+COST_FS1!$G$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Equipments",{"$f":"+COST_FS1!$F76","v":7418000}]
[null,"Building",{"$f":"+COST_FS1!$F77","v":28290000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":28290000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":35708000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,28290000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":7141600}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":7.1416000000000004}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS1!$G$44","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS1!$G$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS1!$G$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS1!$G$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS1!$G$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS1!$G$80","v":1785400},1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS1!$G$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS1!$G$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS1!$G$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS1!$G$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":1785400},{"$f":"C78","v":1785400},{"$f":"D78","v":1785400},1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-35708000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-35708000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-1785400},{"$f":"-E78","v":-1785400},-1785400,{"$f":"-G78","v":-1785400},-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-35708000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-35708000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-35708000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

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[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 25 Million Litres/year SCENARIO 1\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 25 MILLION LITRES/YEAR SCENARIO 1"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",25,{"$f":"C9","v":25},25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":25000000},{"$f":"+C10","v":25000000},25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":25000000},{"$f":"+C12","v":25000000},25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS1!$I$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS1!$I$100+COST_FS1!$I$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Equipments",{"$f":"+COST_FS1!$H76","v":19482000}]
[null,"Building",{"$f":"+COST_FS1!$H77","v":74303000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":74303000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":93785000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,74303000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":3751400}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":3.7513999999999998}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS1!$I$42","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS1!$I$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS1!$I$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS1!$I$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS1!$I$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS1!$I$80","v":4689250},4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS1!$I$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS1!$I$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS1!$I$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS1!$I$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":4689250},{"$f":"C78","v":4689250},{"$f":"D78","v":4689250},4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-93785000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-93785000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-4689250},{"$f":"-E78","v":-4689250},-4689250,{"$f":"-G78","v":-4689250},-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-93785000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-93785000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-93785000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

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[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 25 Million Litres/year SCENARIO 2\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 25 MILLION LITRES/YEAR SCENARIO 2"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",25,{"$f":"C9","v":25},25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":25000000},{"$f":"+C10","v":25000000},25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,{"$f":"+S10","v":25000000},25000000,25000000,25000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":25000000},{"$f":"+C12","v":25000000},25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS1!$I$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS1!$I$100+COST_FS1!$I$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Equipments",{"$f":"+COST_FS1!$H76","v":19482000}]
[null,"Building",{"$f":"+COST_FS1!$H77","v":74303000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":74303000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":93785000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,74303000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":3751400}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":3.7513999999999998}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS1!$I$43","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS1!$I$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS1!$I$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS1!$I$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS1!$I$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS1!$I$80","v":4689250},4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS1!$I$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS1!$I$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS1!$I$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS1!$I$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":4689250},{"$f":"C78","v":4689250},{"$f":"D78","v":4689250},4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-93785000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-93785000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-4689250},{"$f":"-E78","v":-4689250},-4689250,{"$f":"-G78","v":-4689250},-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-93785000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-93785000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-93785000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"FA25_FS1_SC3","index":14,"n_rows":117,"n_cols":23,"rows_kept":117,"cut":false,"hidden":true,"merged":[[1,1,1,13]]}
[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 25 Million Litres/year SCENARIO 3\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 25 MILLION LITRES/YEAR SCENARIO 3"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",25,{"$f":"C9","v":25},25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":25000000},{"$f":"+C10","v":25000000},25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,{"$f":"+S10","v":25000000},25000000,25000000,25000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":25000000},{"$f":"+C12","v":25000000},25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS1!$I$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS1!$I$100+COST_FS1!$I$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Equipments",{"$f":"+COST_FS1!$H76","v":19482000}]
[null,"Building",{"$f":"+COST_FS1!$H77","v":74303000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":74303000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":93785000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,74303000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":3751400}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":3.7513999999999998}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS1!$I$44","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS1!$I$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS1!$I$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS1!$I$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS1!$I$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS1!$I$80","v":4689250},4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS1!$I$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS1!$I$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS1!$I$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS1!$I$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":4689250},{"$f":"C78","v":4689250},{"$f":"D78","v":4689250},4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-93785000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-93785000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-4689250},{"$f":"-E78","v":-4689250},-4689250,{"$f":"-G78","v":-4689250},-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-93785000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-93785000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-93785000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

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[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 50 Million Litres/year SCENARIO 1\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 50 MILLION LITRES/YEAR SCENARIO 1"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",50,{"$f":"C9","v":50},50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":50000000},{"$f":"+C10","v":50000000},50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,{"$f":"+S10","v":50000000},50000000,50000000,50000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":50000000},{"$f":"+C12","v":50000000},50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS1!$K$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS1!$K$100+COST_FS1!$K$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Equipments",{"$f":"+COST_FS1!$J76","v":29528000}]
[null,"Building",{"$f":"+COST_FS1!$J77","v":112622000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":112622000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":142150000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,112622000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":2843000}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":2.843}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS1!$K$42","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS1!$K$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS1!$K$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS1!$K$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS1!$K$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS1!$K$80","v":7107500},7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS1!$K$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS1!$K$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS1!$K$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS1!$K$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":7107500},{"$f":"C78","v":7107500},{"$f":"D78","v":7107500},7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-142150000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-142150000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-7107500},{"$f":"-E78","v":-7107500},-7107500,{"$f":"-G78","v":-7107500},-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-142150000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-142150000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-142150000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"FA50_FS1_SC2","index":16,"n_rows":117,"n_cols":23,"rows_kept":117,"cut":false,"hidden":true,"merged":[[1,1,1,13]]}
[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 50 Million Litres/year SCENARIO 2\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 50 MILLION LITRES/YEAR SCENARIO 2"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",50,{"$f":"C9","v":50},50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":50000000},{"$f":"+C10","v":50000000},50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,{"$f":"+S10","v":50000000},50000000,50000000,50000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":50000000},{"$f":"+C12","v":50000000},50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS1!$K$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS1!$K$100+COST_FS1!$K$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Equipments",{"$f":"+COST_FS1!$J76","v":29528000}]
[null,"Building",{"$f":"+COST_FS1!$J77","v":112622000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":112622000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":142150000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,112622000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":2843000}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":2.843}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS1!$K$43","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS1!$K$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS1!$K$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS1!$K$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS1!$K$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS1!$K$80","v":7107500},7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS1!$K$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS1!$K$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS1!$K$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS1!$K$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":7107500},{"$f":"C78","v":7107500},{"$f":"D78","v":7107500},7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-142150000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-142150000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-7107500},{"$f":"-E78","v":-7107500},-7107500,{"$f":"-G78","v":-7107500},-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-142150000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-142150000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-142150000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

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[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 50 Million Litres/year SCENARIO 3\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 50 MILLION LITRES/YEAR SCENARIO 3"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",50,{"$f":"C9","v":50},50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":50000000},{"$f":"+C10","v":50000000},50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,{"$f":"+S10","v":50000000},50000000,50000000,50000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":50000000},{"$f":"+C12","v":50000000},50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS1!$K$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS1!$K$100+COST_FS1!$K$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Equipments",{"$f":"+COST_FS1!$J76","v":29528000}]
[null,"Building",{"$f":"+COST_FS1!$J77","v":112622000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":112622000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":142150000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,112622000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":2843000}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":2.843}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS1!$K$44","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS1!$K$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS1!$K$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS1!$K$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS1!$K$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS1!$K$80","v":7107500},7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS1!$K$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS1!$K$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS1!$K$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS1!$K$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":7107500},{"$f":"C78","v":7107500},{"$f":"D78","v":7107500},7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-142150000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-142150000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-7107500},{"$f":"-E78","v":-7107500},-7107500,{"$f":"-G78","v":-7107500},-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-142150000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-142150000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-142150000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

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[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 100 Million Litres/year SCENARIO 1\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 100 MILLION LITRES/YEAR SCENARIO 1"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",100,{"$f":"C9","v":100},100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":100000000},{"$f":"+C10","v":100000000},100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,{"$f":"+S10","v":100000000},100000000,100000000,100000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":100000000},{"$f":"+C12","v":100000000},100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS1!$M$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS1!$M$100+COST_FS1!$M$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Equipments",{"$f":"+COST_FS1!$L76","v":44757000}]
[null,"Building",{"$f":"+COST_FS1!$L77","v":170703000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":170703000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":215460000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,170703000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":2154600}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":2.1545999999999998}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS1!$M$42","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS1!$M$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS1!$M$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS1!$M$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS1!$M$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS1!$M$80","v":10773000},10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS1!$M$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS1!$M$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS1!$M$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS1!$M$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":10773000},{"$f":"C78","v":10773000},{"$f":"D78","v":10773000},10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-215460000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-215460000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-10773000},{"$f":"-E78","v":-10773000},-10773000,{"$f":"-G78","v":-10773000},-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-215460000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-215460000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-215460000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"FA100_FS1_SC2","index":19,"n_rows":117,"n_cols":23,"rows_kept":117,"cut":false,"hidden":true,"merged":[[1,1,1,13]]}
[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 100 Million Litres/year SCENARIO 2\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 100 MILLION LITRES/YEAR SCENARIO 2"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",100,{"$f":"C9","v":100},100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":100000000},{"$f":"+C10","v":100000000},100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,{"$f":"+S10","v":100000000},100000000,100000000,100000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":100000000},{"$f":"+C12","v":100000000},100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS1!$M$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS1!$M$100+COST_FS1!$M$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Equipments",{"$f":"+COST_FS1!$L76","v":44757000}]
[null,"Building",{"$f":"+COST_FS1!$L77","v":170703000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":170703000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":215460000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,170703000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":2154600}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":2.1545999999999998}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS1!$M$43","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS1!$M$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS1!$M$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS1!$M$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS1!$M$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS1!$M$80","v":10773000},10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS1!$M$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS1!$M$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS1!$M$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS1!$M$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":10773000},{"$f":"C78","v":10773000},{"$f":"D78","v":10773000},10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-215460000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-215460000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-10773000},{"$f":"-E78","v":-10773000},-10773000,{"$f":"-G78","v":-10773000},-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-215460000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-215460000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-215460000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

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[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 100 Million Litres/year SCENARIO 2\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 100 MILLION LITRES/YEAR SCENARIO 2"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",100,{"$f":"C9","v":100},100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":100000000},{"$f":"+C10","v":100000000},100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,{"$f":"+S10","v":100000000},100000000,100000000,100000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":100000000},{"$f":"+C12","v":100000000},100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS1!$M$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS1!$M$100+COST_FS1!$M$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Equipments",{"$f":"+COST_FS1!$L76","v":44757000}]
[null,"Building",{"$f":"+COST_FS1!$L77","v":170703000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":170703000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":215460000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,170703000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":2154600}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":2.1545999999999998}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS1!$M$44","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS1!$M$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS1!$M$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS1!$M$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS1!$M$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS1!$M$80","v":10773000},10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS1!$M$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS1!$M$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS1!$M$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS1!$M$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":10773000},{"$f":"C78","v":10773000},{"$f":"D78","v":10773000},10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-215460000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-215460000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-10773000},{"$f":"-E78","v":-10773000},-10773000,{"$f":"-G78","v":-10773000},-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-215460000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-215460000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-215460000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"GHG_FS1","index":21,"n_rows":1123,"n_cols":37,"rows_kept":1123,"cut":false,"hidden":true,"merged":[[70,8,70,11],[2,3,2,11],[21,4,21,6],[37,10,37,11],[50,8,50,11],[57,8,58,11],[131,8,131,11],[72,3,72,5],[76,3,76,5],[98,5,98,6],[100,4,100,6],[101,4,101,6],[103,4,103,6],[109,3,110,4],[110,5,110,6],[112,3,112,4],[112,8,112,11],[114,8,114,11],[151,3,151,11],[175,9,175,11],[176,8,176,11],[178,8,179,8],[178,9,179,9],[178,10,179,10],[178,11,179,11]]}
[]
[]
[null,null,null,{"$f":"UPPER(\"GHG EMISSIONS FOR 2G ETHANOL PRODUCTION FROM \"&'Data Entry Needs'!$E$11&\"\")","v":"GHG EMISSIONS FOR 2G ETHANOL PRODUCTION FROM  "}]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,"Feedstock Production Emissions"]
[]
[]
[null,null,null,"Step 1: Input Emissions for Crop/Residues Production "]
[]
[null,null,null,null,null,{"$f":"\"kgCO2eq/kg \"&$E$20","v":"kgCO2eq/kg  "}]
[null,null,null,null,null,"Own Production","Outgrowers"]
[null,null,null,"Feedstock",{"$f":"+'Data Entry Needs'!$E$11","v":" "}]
[]
[null,null,null,null,"tCO2eq/year"]
[null,null,null,null,"Scenario 1","Scenario 2","Scenario 3"]
[null,null,null,null,{"$f":"+COST_FS1!$C$25","v":"Description: 100% of   feedstock collected on site"},{"$f":"+COST_FS1!$F$25","v":"Description: 60% of   feedstock produced directly by processing plant, and 40% provided by outgrowers at market price."},{"$f":"+COST_FS1!$J$25","v":"Description: 100% of   feedstock is provided by outgrowers at market price."},null,{"$f":"COST_FS3!AC139","v":60}]
[null,null,null,"5 ML",{"$f":"$F$20*COST_FS1!$F$42","v":{"$error":"#DIV/0!"}},{"$f":"$F$20*COST_FS1!$F$42*($I$24/100)+$G$20*COST_FS1!$F$42*(1-$I$24/100)","v":{"$error":"#DIV/0!"}},{"$f":"$G$20*COST_FS1!$F$42","v":{"$error":"#DIV/0!"}}]
[null,null,null,"25 ML",{"$f":"$F$20*COST_FS1!$H$42","v":{"$error":"#DIV/0!"}},{"$f":"$F$20*COST_FS1!$H$42*($I$24/100)+$G$20*COST_FS1!$H$42*(1-$I$24/100)","v":{"$error":"#DIV/0!"}},{"$f":"$G$20*COST_FS1!$H$42","v":{"$error":"#DIV/0!"}}]
[null,null,null,"50 ML",{"$f":"$F$20*COST_FS1!$J$42","v":{"$error":"#DIV/0!"}},{"$f":"$F$20*COST_FS1!$J$42*($I$24/100)+$G$20*COST_FS1!$J$42*(1-$I$24/100)","v":{"$error":"#DIV/0!"}},{"$f":"$G$20*COST_FS1!$J$42","v":{"$error":"#DIV/0!"}}]
[null,null,null,"100ML",{"$f":"$F$20*COST_FS1!$L$42","v":{"$error":"#DIV/0!"}},{"$f":"$F$20*COST_FS1!$L$42*($I$24/100)+$G$20*COST_FS1!$L$42*(1-$I$24/100)","v":{"$error":"#DIV/0!"}},{"$f":"$G$20*COST_FS1!$L$42","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[null,null,"Feedstock and Residues Transportation"]
[]
[]
[null,null,null,"Step 2: Input transportation distances for residues"]
[]
[null,null,null,"Feedstock Transported",null,{"$f":"+'Data Entry Needs'!$E$11","v":" "},null,null,"Residues Transported",null,{"$f":"+VLOOKUP($F$37,$T$325:$V$340,2,FALSE)","v":{"$error":"#N/A"}}]
[null,null,null,"Mean of Transport",null,{"$f":"+VLOOKUP($F$37,$Q$325:$R$340,2,FALSE)","v":{"$error":"#N/A"}},null,null,"Mean of Transport",null,{"$f":"+VLOOKUP($F$37,$T$325:$V$340,3,FALSE)","v":{"$error":"#N/A"}}]
[]
[]
[null,null,null,"Plants","Quantity (t/year)","Distance (km)","tCO2eq/year",null,"Plants","Quantity (t/year)","Distance (km)","tCO2eq/year"]
[null,null,null,"5 ML",{"$f":"+COST_FS1!$G17","v":{"$error":"#DIV/0!"}},{"$f":"+COST_FS1!$D17","v":0},{"$f":"+VLOOKUP($F$38,$Q$239:$V$248,6,FALSE)*E42*F42","v":{"$error":"#N/A"}},null,"5 ML",{"$f":"X329*1000","v":{"$error":"#DIV/0!"}},null,{"$f":"VLOOKUP($K$38,$Q$239:$V$248,6,FALSE)*J42*K42","v":{"$error":"#N/A"}}]
[null,null,null,"25 ML",{"$f":"+COST_FS1!$G18","v":{"$error":"#DIV/0!"}},{"$f":"+COST_FS1!$D18","v":0},{"$f":"+VLOOKUP($F$38,$Q$239:$V$248,6,FALSE)*E43*F43","v":{"$error":"#N/A"}},null,"25 ML",{"$f":"Y329*1000","v":{"$error":"#DIV/0!"}},null,{"$f":"VLOOKUP($K$38,$Q$239:$V$248,6,FALSE)*J43*K43","v":{"$error":"#N/A"}}]
[null,null,null,"50 ML",{"$f":"+COST_FS1!$G19","v":{"$error":"#DIV/0!"}},{"$f":"+COST_FS1!$D19","v":0},{"$f":"+VLOOKUP($F$38,$Q$239:$V$248,6,FALSE)*E44*F44","v":{"$error":"#N/A"}},null,"50 ML",{"$f":"Z329*1000","v":{"$error":"#DIV/0!"}},null,{"$f":"VLOOKUP($K$38,$Q$239:$V$248,6,FALSE)*J44*K44","v":{"$error":"#N/A"}}]
[null,null,null,"100 ML",{"$f":"+COST_FS1!$G20","v":{"$error":"#DIV/0!"}},{"$f":"+COST_FS1!$D20","v":0},{"$f":"+VLOOKUP($F$38,$Q$239:$V$248,6,FALSE)*E45*F45","v":{"$error":"#N/A"}},null,"100 ML",{"$f":"AA329*1000","v":{"$error":"#DIV/0!"}},null,{"$f":"VLOOKUP($K$38,$Q$239:$V$248,6,FALSE)*J45*K45","v":{"$error":"#N/A"}}]
[]
[]
[null,null,null,"Biofuel Processing Emissions"]
[]
[]
[null,null,null,{"$f":"\"Annual Energy Consumption for Ethanol Production\"","v":"Annual Energy Consumption for Ethanol Production"},null,null,null,null,"Capacities (Million L/year)"]
[null,null,null,"Consumption before integration with cogeneration system",null,null,"Unit",null,5,25,50,100]
[null,null,null,"Heating (Steam)",null,null,"1000 MJ/year",null,{"$f":"X338","v":{"$error":"#DIV/0!"}},{"$f":"Y338","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,"Electricity Consumption",null,null,"1000 kWh/year",null,{"$f":"X339","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
[]
[null,null,null,"Step 3: Select an option to supply energy",null,null,null,null,{"$f":"+IF(NOT($D$60),\"Method 1: All energy consumption(heat and electricity) of processing plant is supplied using external sources: fossil fuels, and/or electricity from central grid.\",\"Method 2: All energy consumption(heat and electricity) of processing plant is supplied using a cogeneration system fueled using either biomass  or fossil fuels\")","v":"Method 2: All energy consumption(heat and electricity) of processing plant is supplied using a cogeneration system fueled using either biomass  or fossil fuels"}]
[]
[null,null,null,true]
[]
[]
[null,null,null,"Method 1: Energy supplied with fossil fuels"]
[]
[null,null,null,"Step 3.1: Select how external energy is supplied"]
[null,null,null,null,null,null,null,true]
[null,null,null,null,null,null,null,1]
[null,null,null,null,null,{"$f":"+IF($F$69=\"USER defined\",TRUE,FALSE)","v":false},null,null,null,null,{"$f":"+NOT(F68)","v":true}]
[null,null,null,"Origin of Electricity Emissions",null,"Default by Country","Colombia",{"$f":"+IF($K$68,$I$69,$K$69)","v":175},{"$f":"IFERROR(VLOOKUP($G$69,'dummy database'!$A$28:$B$161,2,FALSE),\"\")","v":175},"gCO2/kWh",200,"gCO2/kWh"]
[]
[null,null,null,null,null,null,null,null,"Capacities (Million L/year)"]
[null,null,null,null,null,null,null,null,5,25,50,100]
[null,null,null,{"$f":"IF($K$68,\"Emissions from Electricity Production in \"&$G$69,\"Emissions from Electricity Production \"&$F$69)","v":"Emissions from Electricity Production in Colombia"},null,null,"tCO2eq/year",null,{"$f":"IF($H$66,0,$H$69*I$54/1000)","v":0},{"$f":"IF($H$66,0,$H$69*J$54/1000)","v":0},{"$f":"IF($H$66,0,$H$69*K$54/1000)","v":0},{"$f":"IF($H$66,0,$H$69*L$54/1000)","v":0}]
[null,null,null,"Fossil fuel Source",null,null,"Unit",null,"Natural Gas","Natural Gas","Natural Gas","Natural Gas"]
[null,null,null,"Calorific Value",null,null,"MJ/kg",null,{"$f":"+IFERROR(VLOOKUP(I$74,GHG_FS1!$Q$261:$T$277,2,FALSE),\"?\")","v":48},{"$f":"+IFERROR(VLOOKUP(J$74,GHG_FS1!$Q$261:$T$277,2,FALSE),\"?\")","v":48},{"$f":"+IFERROR(VLOOKUP(K$74,GHG_FS1!$Q$261:$T$277,2,FALSE),\"?\")","v":48},{"$f":"+IFERROR(VLOOKUP(L$74,GHG_FS1!$Q$261:$T$277,2,FALSE),\"?\")","v":48}]
[null,null,null,"Fossil Fuel Requirement",null,null,"t/year",null,{"$f":"IF(NOT($H$66),I$53/(I75*$X$245),(I$53/(I75*$X$245)+3.6*I$54/(I75*$X$246)))","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($H$66),J$53/(J75*$X$245),(J$53/(J75*$X$245)+3.6*J$54/(J75*$X$246)))","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($H$66),K$53/(K75*$X$245),(K$53/(K75*$X$245)+3.6*K$54/(K75*$X$246)))","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($H$66),L$53/(L75*$X$245),(L$53/(L75*$X$245)+3.6*L$54/(L75*$X$246)))","v":{"$error":"#DIV/0!"}}]
[null,null,null,{"$f":"IF(NOT($H$66),\"Emissions from Heat Production using Fossil Fuels\",\"Total Emissions from Energy Production using Fossil Fuels\")","v":"Total Emissions from Energy Production using Fossil Fuels"},null,null,"tCO2eq/year",null,{"$f":"VLOOKUP(I$74,$Q$262:$T$277,4,FALSE)*IF(NOT($H$66),I$53/$X$245,(I$53/$X$245+3.6*I54/$X$246))","v":{"$error":"#DIV/0!"}},{"$f":"VLOOKUP(J$74,$Q$262:$T$277,4,FALSE)*IF(NOT($H$66),J$53/$X$245,(J$53/$X$245+3.6*J54/$X$246))","v":{"$error":"#DIV/0!"}},{"$f":"VLOOKUP(K$74,$Q$262:$T$277,4,FALSE)*IF(NOT($H$66),K$53/$X$245,(K$53/$X$245+3.6*K54/$X$246))","v":{"$error":"#DIV/0!"}},{"$f":"VLOOKUP(L$74,$Q$262:$T$277,4,FALSE)*IF(NOT($H$66),L$53/$X$245,(L$53/$X$245+3.6*L54/$X$246))","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,"Total emissions",null,null,"tCO2eq/year",null,{"$f":"IF(NOT($H$66),I77+I73,I77)","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($H$66),J77+J73,J77)","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($H$66),K77+K73,K77)","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($H$66),L77+L73,L77)","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,null,"Method 2: Self-generated Energy"]
[]
[null,null,null,"Step 3.2a:  Technology level for energy production"]
[]
[]
[null,null,null,"Technology Level for Cogeneration",null,{"$f":"'Data Entry Needs'!F26","v":"Simple"}]
[null,null,null,null,null,null,null,null,null,"Total Thermal Efficency",{"$f":"VLOOKUP($F$99,$Q$254:$V$256,5,FALSE)","v":0.2}]
[null,null,null,"Technology",{"$f":"IFERROR(VLOOKUP($F$99,$Q$254:$R$256,2,FALSE),\"\")","v":"Condensing Turbine"},null,null,null,null,"Effective Electrical Efficiency",{"$f":"IFERROR(VLOOKUP($F$99,$Q$254:$V$256,6,FALSE),\"\")","v":0.2}]
[null,null,null,"Product",{"$f":"IFERROR(VLOOKUP($F$99,$Q$254:$S$256,3,FALSE),\"\")","v":"Power Only"}]
[]
[null,null,null,"Fuel Type","Solids residues from ethanol production"]
[]
[]
[]
[null,null,null,"Step 3.2b: define biomas available"]
[]
[null,null,null,{"$f":"\"Lignin Available from \"&'Data Entry Needs'!$E$11","v":"Lignin Available from  "}]
[null,null,null,null,null,null,null,null,null,{"$f":"+IF($F$111=\"Use Fossil Fuel\",\"Select Fossil Fuel\",\"\")","v":""}]
[]
[null,null,null,"Average Calorific value ",null,{"$f":"AD332","v":{"$error":"#DIV/0!"}},"MJ/kg",null,"Capacities (Million L/year)"]
[null,null,null,null,null,null,null,null,5,25,50,100]
[null,null,null,null,null,null,"Unit"]
[null,null,null,"Solid Residues Potentially Available",null,null,"t/year",null,{"$f":"AD331*1000","v":{"$error":"#DIV/0!"}},{"$f":"AE331*1000","v":{"$error":"#DIV/0!"}},{"$f":"AF331*1000","v":{"$error":"#DIV/0!"}},{"$f":"AG331*1000","v":{"$error":"#DIV/0!"}}]
[null,null,null,"Energy Theoretical Potential ",null,null,"1000 MJ/yr",null,{"$f":"I116*$F$113","v":{"$error":"#DIV/0!"}},{"$f":"J116*$F$113","v":{"$error":"#DIV/0!"}},{"$f":"K116*$F$113","v":{"$error":"#DIV/0!"}},{"$f":"L116*$F$113","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,"Heat","Cogenerated",null,"1000 MJ/yr",null,{"$f":"AD340","v":{"$error":"#DIV/0!"}},{"$f":"AE340","v":{"$error":"#DIV/0!"}},{"$f":"AF340","v":{"$error":"#DIV/0!"}},{"$f":"AG340","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,"Demand Supplied",null,"%",null,{"$f":"IFERROR(IF(I$119/I$53>1,\"fullly supplied\",I$119/(I$53)),\"\")","v":""},{"$f":"IFERROR(IF(J$119/J$53>1,\"fullly supplied\",J$119/(J$53)),\"\")","v":""},{"$f":"IFERROR(IF(K$119/K$53>1,\"fullly supplied\",K$119/(K$53)),\"\")","v":""},{"$f":"IFERROR(IF(L$119/L$53>1,\"fullly supplied\",L$119/(L$53)),\"\")","v":""}]
[]
[null,null,null,"Electricity","Cogenerated",null,"1000 kWh/yr",null,{"$f":"AD339","v":{"$error":"#DIV/0!"}},{"$f":"AE339","v":{"$error":"#DIV/0!"}},{"$f":"AF339","v":{"$error":"#DIV/0!"}},{"$f":"AG339","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,"Demand Supplied",null,"%",null,{"$f":"IFERROR(IF(I$122/I$54>1,\"Surplus\",I$122/(I$54)),\"\")","v":""},{"$f":"IFERROR(IF(J$122/J$54>1,\"Surplus\",J$122/(J$54)),\"\")","v":""},{"$f":"IFERROR(IF(K$122/K$54>1,\"Surplus\",K$122/(K$54)),\"\")","v":""},{"$f":"IFERROR(IF(L$122/L$54>1,\"Surplus\",L$122/(L$54)),\"\")","v":""}]
[]
[null,null,null,"External fossil fuel requirement for heating",null,null,"%",null,{"$f":"+IF(I120<=1,(1-I120),0%)","v":0},{"$f":"+IF(J120<=1,(1-J120),0%)","v":0},{"$f":"+IF(K120<=1,(1-K120),0%)","v":0},{"$f":"+IF(L120<=1,(1-L120),0%)","v":0}]
[null,null,null,"External fossil fuel requirement for electricity",null,null,"%",null,{"$f":"+IF(I123<=1,(1-I123),0%)","v":0},{"$f":"+IF(J123<=1,(1-J123),0%)","v":0},{"$f":"+IF(K123<=1,(1-K123),0%)","v":0},{"$f":"+IF(L123<=1,(1-L123),0%)","v":0}]
[]
[]
[]
[null,null,null,"Step 3.2c: define a suplementary fuel to complete energy demand"]
[]
[null,null,null,null,null,null,null,null,"Capacities (Million L/year)"]
[null,null,null,"Co-firing Options",null,null,null,null,5,25,50,100]
[null,null,null,null,null,null,null,null,{"$f":"+IF(AND(I125=0%,I126=0%),\"Not needed\",\"select a fuel\")","v":"Not needed"},{"$f":"+IF(AND(J125=0%,J126=0%),\"Not needed\",\"select a fuel\")","v":"Not needed"},{"$f":"+IF(AND(K125=0%,K126=0%),\"Not needed\",\"select a fuel\")","v":"Not needed"},{"$f":"+IF(AND(L125=0%,L126=0%),\"Not needed\",\"select a fuel\")","v":"Not needed"}]
[null,null,null,"Suplementary fossil fuel source",null,null,"Unit",null,"Natural Gas","Natural Gas","Natural Gas","Natural Gas"]
[null,null,null,"Calorific Value",null,null,"MJ/kg",null,{"$f":"+IFERROR(VLOOKUP(I$135,GHG_FS1!$Q$261:$T$277,2,FALSE),\"\")","v":48},{"$f":"+IFERROR(VLOOKUP(J$135,GHG_FS1!$Q$261:$T$277,2,FALSE),\"\")","v":48},{"$f":"+IFERROR(VLOOKUP(K$135,GHG_FS1!$Q$261:$T$277,2,FALSE),\"\")","v":48},{"$f":"+IFERROR(VLOOKUP(L$135,GHG_FS1!$Q$261:$T$277,2,FALSE),\"\")","v":48}]
[null,null,null,"Additional Fossil Fuel Demand",null,null,"t/year",null,{"$f":"IF(OR($F$99=\"No Cogeneration\",$F$99=\"Simple\"),R355,R350)","v":{"$error":"#DIV/0!"}},{"$f":"IF(OR($F$99=\"No Cogeneration\",$F$99=\"Simple\"),S355,S350)","v":{"$error":"#DIV/0!"}},{"$f":"IF(OR($F$99=\"No Cogeneration\",$F$99=\"Simple\"),T355,T350)","v":{"$error":"#DIV/0!"}},{"$f":"IF(OR($F$99=\"No Cogeneration\",$F$99=\"Simple\"),U355,U350)","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[null,null,null,"Step 3.2d: Define emission factor for electricity generation"]
[null,null,null,null,null,{"$f":"+IF($F$143=\"USER defined\",TRUE,FALSE)","v":false},null,{"$f":"IF($H$67=2,TRUE,FALSE)","v":false},null,null,{"$f":"+NOT($F$142)","v":true}]
[null,null,null,"Origin of Electricity Emissions",null,"Default by Country","Colombia",{"$f":"+IF($K$68,$I$69,$K$69)","v":175},{"$f":"IFERROR(VLOOKUP($G$143,'dummy database'!$A$28:$B$161,2,FALSE),\"\")","v":175},"gCO2/kWh",400,"gCO2/kWh"]
[]
[null,null,null,null,null,null,null,null,"5 ML","25 ML","50 ML","100 ML"]
[null,null,null,"Emissions from additional energy requirement",null,null,"tCO2 eq/year",null,{"$f":"+VLOOKUP(I135,$Q$262:$T$277,4,FALSE)*I137*I136","v":{"$error":"#DIV/0!"}},{"$f":"+VLOOKUP(J135,$Q$262:$T$277,4,FALSE)*J137*J136","v":{"$error":"#DIV/0!"}},{"$f":"+VLOOKUP(K135,$Q$262:$T$277,4,FALSE)*K137*K136","v":{"$error":"#DIV/0!"}},{"$f":"+VLOOKUP(L135,$Q$262:$T$277,4,FALSE)*L137*L136","v":{"$error":"#DIV/0!"}}]
[null,null,null,{"$f":"IF($F$99=\"No Cogeneration\",\"Emissions from additional electricity requirement\",\"Credits from electricity generation\")","v":"Credits from electricity generation"},null,null,"tCO2 eq/year",null,{"$f":"IF($F$99=\"No Cogeneration\",I54,-I122)*IF($F$142,$K$143,$I$143)*1000/1000000","v":{"$error":"#DIV/0!"}},{"$f":"IF($F$99=\"No Cogeneration\",J54,-J122)*IF($F$142,$K$143,$I$143)*1000/1000000","v":{"$error":"#DIV/0!"}},{"$f":"IF($F$99=\"No Cogeneration\",K54,-K122)*IF($F$142,$K$143,$I$143)*1000/1000000","v":{"$error":"#DIV/0!"}},{"$f":"IF($F$99=\"No Cogeneration\",L54,-L122)*IF($F$142,$K$143,$I$143)*1000/1000000","v":{"$error":"#DIV/0!"}}]
[null,null,null,"Total Industrial Emissions",null,null,"tCO2 eq/year",null,{"$f":"+(I146+I147)","v":{"$error":"#DIV/0!"}},{"$f":"+(J146+J147)","v":{"$error":"#DIV/0!"}},{"$f":"+(K146+K147)","v":{"$error":"#DIV/0!"}},{"$f":"+(L146+L147)","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[null,null,null,"Summary of technical and environmental results from cogeneration"]
[null,null,null,null,null,null,null,null,{"$f":"IF(I$154=LARGE($I$154:$L$154,1),4,IF(I$154=LARGE($I$154:$L$154,2),3,IF(I$154=LARGE($I$154:$L$154,3),2,IF(I$154=LARGE($I$154:$L$154,4),1))))","v":{"$error":"#DIV/0!"}},{"$f":"IF(J$154=LARGE($I$154:$L$154,1),4,IF(J$154=LARGE($I$154:$L$154,2),3,IF(J$154=LARGE($I$154:$L$154,3),2,IF(J$154=LARGE($I$154:$L$154,4),1))))","v":{"$error":"#DIV/0!"}},{"$f":"IF(K$154=LARGE($I$154:$L$154,1),4,IF(K$154=LARGE($I$154:$L$154,2),3,IF(K$154=LARGE($I$154:$L$154,3),2,IF(K$154=LARGE($I$154:$L$154,4),1))))","v":{"$error":"#DIV/0!"}},{"$f":"IF(L$154=LARGE($I$154:$L$154,1),4,IF(L$154=LARGE($I$154:$L$154,2),3,IF(L$154=LARGE($I$154:$L$154,3),2,IF(L$154=LARGE($I$154:$L$154,4),1))))","v":{"$error":"#DIV/0!"}}]
[null,null,"Heat (1000 MJ/year)",null,null,"Heat (1000 MJ/year)",null,null,{"$f":"+ABS(I148)","v":{"$error":"#DIV/0!"}},{"$f":"+ABS(J148)","v":{"$error":"#DIV/0!"}},{"$f":"+ABS(K148)","v":{"$error":"#DIV/0!"}},{"$f":"+ABS(L148)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,"Positive","Negative","Size"]
[null,null,"5 ML",null,null,null,1,null,"5 ML",{"$f":"+IF($I$148>0,$I$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+IF($I$148<0,$I$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+$I$153","v":{"$error":"#DIV/0!"}}]
[null,null,"25 ML",null,null,null,1,null,"25 ML",{"$f":"+IF($J$148>0,$J$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+IF($J$148<0,$J$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+$J$153","v":{"$error":"#DIV/0!"}}]
[null,null,"50 ML",null,null,null,1,null,"50 ML",{"$f":"+IF($K$148>0,$K$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+IF($K$148<0,$K$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+$K$153","v":{"$error":"#DIV/0!"}}]
[null,null,"100 ML",null,null,null,1,null,"100 ML",{"$f":"+IF($L$148>0,$L$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+IF($L$148<0,$L$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+$L$153","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[null,null,"5 ML",null,null,null,1]
[null,null,"25 ML",null,null,null,1]
[null,null,"50 ML",null,null,null,1]
[null,null,"100 ML",null,null,null,1]
[]
[]
[]
[]
[null,null,null,{"$f":"\"Total GHG Emissions for Ethanol production from \"&'Data Entry Needs'!$E$11&\" \"","v":"Total GHG Emissions for Ethanol production from   "}]
[]
[]
[null,null,null,null,null,null,null,null,"Feedstock Transport",{"$f":"+$F$38","v":{"$error":"#N/A"}},"Residue Transport",{"$f":"+$K$38","v":{"$error":"#N/A"}}]
[null,null,null,null,"Results expressed in kgCO2eq per liter"]
[null,null,null,{"$f":"\"Comparative emissions of \"&\"gasoline fuel\"","v":"Comparative emissions of gasoline fuel"},null,{"$f":"$T$263*$R$263*$S$263","v":2.7987255950000001},null,null,"Energy Technology",{"$f":"+IF(NOT(D$60),\"Conventional fossil fuel based\",$F$99&\"-\"&$E$101)","v":"Simple-Condensing Turbine"}]
[null,null,null,"Capacities","Scenario 1","Scenario 2","Scenario 3",null,"Fuel Efficiency Utilization Factor"]
[null,null,null,"5 ML",{"$f":"+AI261","v":{"$error":"#DIV/0!"}},{"$f":"+AJ261","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},null,"5 ML","25 ML","50 ML","100 ML"]
[null,null,null,"25 ML",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,{"$f":"+IF(NOT($D$60),I$74&\"  \",$E$20&\" \"&$F$111&IF(AND(I$125=0%,I$126=0%),\" only\",\" & \"&$I$135))","v":"   only"},{"$f":"+IF(NOT($D$60),J$74&\"  \",$E$20&\" \"&$F$111&IF(AND(J$125=0%,J$126=0%),\" only\",\" & \"&$I$135))","v":"   only"},{"$f":"+IF(NOT($D$60),K$74&\"  \",$E$20&\" \"&$F$111&IF(AND(K$125=0%,K$126=0%),\" only\",\" & \"&$I$135))","v":"   only"},{"$f":"+IF(NOT($D$60),L$74&\"  \",$E$20&\" \"&$F$111&IF(AND(L$125=0%,L$126=0%),\" only\",\" & \"&$I$135))","v":"   only"}]
[null,null,null,"50 ML",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,"100 ML",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,{"$f":"+Y$308","v":{"$error":"#DIV/0!"}},{"$f":"+Z$308","v":{"$error":"#DIV/0!"}},{"$f":"+AA$308","v":{"$error":"#DIV/0!"}},{"$f":"+AB$308","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstock",{"$f":"+'Data Entry Needs'!$G$11","v":" "},null,null,"Cogen Selection",{"$f":"+VLOOKUP($F$99,$Q$254:$T$256,4,FALSE)","v":1},"CH4",21]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"NO2",310]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Emission Factor (KG CO2/MJ)","Fuel efficiency (MJ/t.km)","Transport exhaust gas emissions (gCH4/t.km)","Transport exhaust gas emissions (gN2O/t.km)","tCO2eq/tkm"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Truck for liquids (Diesel)",7.5390899999999997E-2,1.008,5.0000000000000001E-3,0,{"$f":"+R239*S239/1000+T239*$X$235/1000000+U239*$X$236/1000000","v":7.6099027199999988E-5}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Truck for dry product (Diesel)",7.5390899999999997E-2,2.0122857142857145,5.0000000000000001E-3,0,{"$f":"+R240*S240/1000+T240*$X$235/1000000+U240*$X$236/1000000","v":1.5181303105714288E-4}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ocean bulk carrier ",7.0985000000000006E-2,0.20358000000000001,2.9999999999999997E-4,7.2000000000000005E-4,1.4680626300000002E-5]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ship /product tanker 50kt ",7.0985000000000006E-2,0.12384000000000001,0,0,8.7907824000000011E-6]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Local (10 km) pipeline",0,0,0,0,0]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Rail ",{"$f":"AVERAGE(T274:T276)","v":2.5185185185185185E-2},0.21,0,0,5.2888888888888889E-6]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Truck for FFB transport (Diesel)",7.5390899999999997E-2,2.0122857142857145,5.0000000000000001E-3,0,1.5181303105714288E-4,null,0.63,"Boiler for heating"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Tanker truck MB2318 (Diesel)",7.5390899999999997E-2,2.16,0,0,1.62844344E-4,null,0.2,"Boiler for electricity"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Tanker truck with water cannons(Diesel)",7.5390899999999997E-2,0.93600000000000005,0,0,7.0565882400000005E-5]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Dumpster truck MB2213 for filter mud transport",7.5390899999999997E-2,3.6,0,0,2.7140724E-4]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Output calculated using formulas presented in: ",null,"http://www.epa.gov/chp/basic/methods.html"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Cogeneration",null,null,"Number ","Thermal Efficiency","Electric efficiency"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Please select","Technolgy","Product",0,0.2,0.2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Simple","Condensing Turbine","Power Only",1,0.2,0.2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Semi-Advanced","\nBack-pressure Steam Turbine","Heat and Power",2,0.63,0.2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Advanced","BIGCC (Biomass Gasification Combined Cycle)","Heat and Power",3,0.71,0.3]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Options"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Please select",null,null,null,null,null,null,null,null,null,null,"AB","AC","AD","AE","AF","AG"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Option 1",null,null,null,null,null,null,null,null,null,null,"SC1","SC2","SC3",null,null,null,"TOTAL"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Option 2",null,null,null,null,null,null,null,null,null,null,"Feedstock Production","Feedstock Production","Feedstock Production","Feedstock Transportation","Biofuel Production","Residues Transportation",null,"SC1","SC2","SC3"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Fuel","Calorific Value (MJ/Kg)","Density (kg/L)","kg CO2e/MJ",null,null,null,null,null,null,5,{"$f":"+E25","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+$G42","v":{"$error":"#N/A"}},{"$f":"+IF($D$60,I$148,I$79)","v":{"$error":"#DIV/0!"}},{"$f":"+$L42","v":{"$error":"#N/A"}},5000000,{"$f":"+(AB261+$AE261+$AF$261+$AG261)*1000/$AH261","v":{"$error":"#DIV/0!"}},{"$f":"+(AC261+$AE261+$AF$261+$AG261)*1000/$AH261","v":{"$error":"#DIV/0!"}},{"$f":"+(AD261+$AE261+$AF$261+$AG261)*1000/$AH261","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Please Select",null,null,null,null,null,null,null,null,null,25,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+$G43","v":{"$error":"#N/A"}},{"$f":"+IF($D$60,J$148,J$79)","v":{"$error":"#DIV/0!"}},{"$f":"+$L43","v":{"$error":"#N/A"}},25000000,{"$f":"+(AB262+$AE262+$AF262+$AG262)*1000/$AH262","v":{"$error":"#DIV/0!"}},{"$f":"+(AC262+$AE262+$AF262+$AG262)*1000/$AH262","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Gasoline",44.3,0.89,7.0985000000000006E-2,null,null,null,null,null,null,50,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+$G44","v":{"$error":"#N/A"}},{"$f":"+IF($D$60,K$148,K$79)","v":{"$error":"#DIV/0!"}},{"$f":"+$L44","v":{"$error":"#N/A"}},50000000,{"$f":"+(AB263+$AE263+$AF263+$AG263)*1000/$AH263","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Diesel Oil",43,0.73721999999999999,7.5390899999999997E-2,null,null,null,null,null,null,100,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+$G45","v":{"$error":"#N/A"}},{"$f":"+IF($D$60,L$148,L$79)","v":{"$error":"#DIV/0!"}},{"$f":"+$L45","v":{"$error":"#N/A"}},100000000,{"$f":"+(AB264+$AE264+$AF264+$AG264)*1000/$AH264","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Waste Oil / Lubrificants",40.200000000000003,0.95,7.4590899999999988E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"LPG",47.3,0.54500000000000004,6.4463999999999994E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Natural Gas",48,0.65,{"$f":"0.0156","v":1.5599999999999999E-2}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Peat",9.76,0.68235294117647061,4.86E-4]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Butane",45.27677203684572,2,1.9480010617414268E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Propane",46.295535660398848,1.92,1.7257603537859503E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Methanol",20.093562745097504,0.79179999999999995,8.6423182179058061E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",26.95163409308779,0.78900000000000003,4.2277931942379249E-3]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Biodiesel",{"$f":"35.7/0.88","v":40.56818181818182},0.88,4.2590356310978073E-3]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Other bituminous coal",22.7322030001394,0,2.3333333333333334E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sub bituminous coal",26.121512445062798,0,2.5833333333333333E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignite brown coal",28.610197070281195,0,2.6388888888888889E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Wood",19.551069237418005,0,5.1966467289447192E-7]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Please select",1,"Steam @10 Bar",2013.56,"MJ/t"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstock",2,"syngas yield",3.29,"m3/kg biomass","Assuming optimal conditions","Peres, A., B. H. Lunelli, et al. (2013). \"Application of biomass to hydrogen and syngas production.\" Chemical Engineering Transactions 32: 589-594."]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Product",3,"Density Syngas",0.95,"Kg/m3"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Calorific Value ",9,"MJ/m3","Cogeneration plant using o2 as oxygenant","http://scialert.net/fulltext/?doi=ajsr.2013.187.196&org=11"]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total Emissions"]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Step 1 - Feedstock"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"tCO2eq/year",null,null,null,null,null,null,5,25,50,100]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 1","Scenario 2","Scenario 3",null,null,null,"Fuel Utilization Efficiency",{"$f":"IF(NOT($D$60),(I$54*3.6+I$53)/(I$76*I$75),(I$122*3.6+I$119)/($F$113*I116+I$136*I$137))","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($D$60),(J$54*3.6+J$53)/(J$76*J$75),(J$122*3.6+J$119)/($F$113*J116+J$136*J$137))","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($D$60),(K$54*3.6+K$53)/(K$76*K$75),(K$122*3.6+K$119)/($F$113*K116+K$136*K$137))","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($D$60),(L$54*3.6+L$53)/(L$76*L$75),(L$122*3.6+L$119)/($F$113*L116+L$136*L$137))","v":{"$error":"#DIV/0!"}},"http://www.colpan.org/publications/thesis/MSc.pdf"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"5 ML",{"$f":"E25","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"25 ML",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"50 ML",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"100ML",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IFERROR(IF(SUM(R316:R319)>0,\"Sc1+\",\"\"),\"\")","v":""},{"$f":"IFERROR(IF(SUM(S316:S319)<0,\"Sc1-\",\"\"),\"\")","v":""},{"$f":"IFERROR(IF(SUM(T316:T319)>0,\"Sc2+\",\"\"),\"\")","v":""},{"$f":"IFERROR(IF(SUM(U316:U319)<0,\"Sc2-\",\"\"),\"\")","v":""},{"$f":"IFERROR(IF(SUM(V316:V319)>0,\"Sc3+\",\"\"),\"\")","v":""},{"$f":"IFERROR(IF(SUM(W316:W319)<0,\"Sc3-\",\"\"),\"\")","v":""}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"5 ML",{"$f":"+IF($R309>0,$R309,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($R309<0,$R309,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S309>0,$S309,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S309<0,$S309,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T309>0,$T309,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T309<0,$T309,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"25 ML",{"$f":"+IF($R310>0,$R310,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($R310<0,$R310,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S310>0,$S310,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S310<0,$S310,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T310>0,$T310,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T310<0,$T310,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"50 ML",{"$f":"+IF($R311>0,$R311,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($R311<0,$R311,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S311>0,$S311,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S311<0,$S311,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T311>0,$T311,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T311<0,$T311,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"100ML",{"$f":"+IF($R312>0,$R312,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($R312<0,$R312,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S312>0,$S312,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S312<0,$S312,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T312>0,$T312,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T312<0,$T312,\"\")","v":{"$error":"#DIV/0!"}}]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Step 2 - Transport"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"operating hours per year",{"$f":"'Data Entry Needs'!$G$43*24","v":0},"h/y"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstock Transport","Transport",null,null,"Processing Residue","Transport type",null,"_FS1","Feedstock type","Pretreatment Technology",null,null,null,"Solids available for cogeneration"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Barley straw","Truck for dry product (Diesel)",null,"Barley straw","Sludge","Tanker truck MB2318 (Diesel)",null,"residue production",null,{"$f":"Allocator!$D$4","v":"DA"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Maize stover","Truck for dry product (Diesel)",null,"Maize stover","Sludge","Tanker truck MB2318 (Diesel)",null,"AJ","AL","AN","AP",null,null,"AI","AK","AM","AO"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Oat straw","Truck for dry product (Diesel)",null,"Oat straw","Sludge","Tanker truck MB2318 (Diesel)",null,"5ML","25ML","50ML","100ML",null,null,"5ML","25ML","50ML","100ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Rice straw","Truck for dry product (Diesel)",null,"Rice straw","Sludge","Tanker truck MB2318 (Diesel)",null,"ktonne/year","ktonne/year","ktonne/year","ktonne/year",null,null,"ktonne/year","ktonne/year","ktonne/year","ktonne/year"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sorghum straw","Truck for dry product (Diesel)",null,"Sorghum straw","Sludge","Tanker truck MB2318 (Diesel)",null,{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&X$326&38)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&Y$326&38)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&Z$326&38)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AA$326&38)","v":{"$error":"#DIV/0!"}},null,"Lignin",{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AD$326&43)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AE$326&43)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AF$326&43)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AG$326&43)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Wheat straw","Truck for dry product (Diesel)",null,"Wheat straw","Sludge","Tanker truck MB2318 (Diesel)",null,null,null,null,null,null,"Yeast",{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AD$326&44)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AE$326&44)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AF$326&44)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AG$326&44)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sugarcane bagasse","Truck for dry product (Diesel)",null,"Sugarcane bagasse","Sludge","Tanker truck MB2318 (Diesel)",null,"Energy consumption before integration with cogeneration system",null,null,null,null,"Total",{"$f":"SUM(AD329:AD330)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AE329:AE330)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AF329:AF330)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AG329:AG330)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Oil palm empty fruit bunch","Truck for dry product (Diesel)",null,"Oil palm empty fruit bunch","Sludge","Tanker truck MB2318 (Diesel)",null,"Steam required - MJ/h",{"$f":"INDIRECT((\"B_\"&$Z$325&X324&\"!AB25\"))","v":2690},"Steam - MJ/L",{"$f":"Y332/Y334","v":{"$error":"#DIV/0!"}},null,"Average Heating Value",{"$f":"INDIRECT((\"B_\"&$Z$325&X324&\"!j103\"))","v":{"$error":"#DIV/0!"}},"MJ/kg"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Spruce forest residues","Truck for dry product (Diesel)",null,"Spruce forest residues","Sludge","Tanker truck MB2318 (Diesel)",null,"Electricity required -kWh/h",{"$f":"INDIRECT((\"B_\"&$Z$325&X324&\"!AB26\"))","v":190},"Electricity - kWh/L",{"$f":"Y333/Y334","v":{"$error":"#DIV/0!"}},null,null,"Energy cogenerated"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Miscanthus giganteus","Truck for dry product (Diesel)",null,"Miscanthus giganteus","Sludge","Tanker truck MB2318 (Diesel)",null,"Ethanol produced - L/h",{"$f":"INDIRECT((\"B_\"&$Z$325&X324&\"!P72\"))","v":0},null,null,null,null,"AI","AJ","AK","AL"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Napier grass","Truck for dry product (Diesel)",null,"Napier grass","Sludge","Tanker truck MB2318 (Diesel)",null,null,null,null,null,null,null,"5ML","25ML","50ML","100ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Arundo donax","Truck for dry product (Diesel)",null,"Arundo donax","Sludge","Tanker truck MB2318 (Diesel)",null,"5ML","25ML","50ML","100ML",null,"Electricity - kW",{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AD$334&81)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AE$334&81)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AF$334&81)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AG$334&81)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Switchgrass","Truck for dry product (Diesel)",null,"Switchgrass","Sludge","Tanker truck MB2318 (Diesel)",null,5,25,50,100,null,"Steam - MW",{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AD$334&82)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AE$334&82)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AF$334&82)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AG$334&82)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Willow","Truck for dry product (Diesel)",null,"Willow","Sludge","Tanker truck MB2318 (Diesel)","Steam - 1000 MJ/y",{"$f":"$AA$332*X337*1000000/1000","v":{"$error":"#DIV/0!"}},{"$f":"$AA$332*Y337*1000000/1000","v":{"$error":"#DIV/0!"}},{"$f":"$AA$332*Z337*1000000/1000","v":{"$error":"#DIV/0!"}},{"$f":"$AA$332*AA337*1000000/1000","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Poplar","Truck for dry product (Diesel)",null,"Poplar","Sludge","Tanker truck MB2318 (Diesel)","Electricity - 1000 kWh/y",{"$f":"$AA$333*X337*1000000/1000","v":{"$error":"#DIV/0!"}},{"$f":"$AA$333*Y337*1000000/1000","v":{"$error":"#DIV/0!"}},{"$f":"$AA$333*Z337*1000000/1000","v":{"$error":"#DIV/0!"}},{"$f":"$AA$333*AA337*1000000/1000","v":{"$error":"#DIV/0!"}},null,"Electricity - 1000 kWh/y",{"$f":"AD336*3600*$AD$323/(1000*3.6*1000)","v":{"$error":"#DIV/0!"}},{"$f":"AE336*3600*$AD$323/(1000*3.6*1000)","v":{"$error":"#DIV/0!"}},{"$f":"AF336*3600*$AD$323/(1000*3.6*1000)","v":{"$error":"#DIV/0!"}},{"$f":"AG336*3600*$AD$323/(1000*3.6*1000)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Spruce","Truck for dry product (Diesel)",null,"Spruce","Sludge","Tanker truck MB2318 (Diesel)",null,null,null,null,null,null,"Steam - 1000 MJ/y",{"$f":"AD337*3600*$AD$323/1000","v":{"$error":"#DIV/0!"}},{"$f":"AE337*3600*$AD$323/1000","v":{"$error":"#DIV/0!"}},{"$f":"AF337*3600*$AD$323/1000","v":{"$error":"#DIV/0!"}},{"$f":"AG337*3600*$AD$323/1000","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"energy supplied","AI","AJ","AK","AL"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Cogeneration fossil energy",null,null,null,null,null,null,"5ML","25ML","50ML","100ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Electrical efficiency",{"$f":"Allocator!$J$24","v":0.2},null,null,null,null,null,5,25,50,100]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Thermal Efficiency",{"$f":"Allocator!$J$25","v":0.2},null,null,null,null,"Electricity Supplied (%)",{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&X$342&83)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&Y$342&83)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&Z$342&83)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AA$342&83)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"(R345-R344)/(1-(R344/Allocator!$I$15))","v":0},null,null,null,null,"Steam Supplied (%)",{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&X$342&84)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&Y$342&84)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&Z$342&84)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AA$342&84)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"5ML","25ML","50ML","100ML",null,"For figures",1,1,1,1]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Electricity required - MJ/year",{"$f":"(I126*I54*1000*3.6)","v":{"$error":"#DIV/0!"}},{"$f":"(J126*J54*1000*3.6)","v":{"$error":"#DIV/0!"}},{"$f":"(K126*K54*1000*3.6)","v":{"$error":"#DIV/0!"}},{"$f":"(L126*L54*1000*3.6)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Fuel required - MJ/year",{"$f":"R348/($R$345-$R$346)","v":{"$error":"#DIV/0!"}},{"$f":"S348/($R$345-$R$346)","v":{"$error":"#DIV/0!"}},{"$f":"T348/($R$345-$R$346)","v":{"$error":"#DIV/0!"}},{"$f":"U348/($R$345-$R$346)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Fuel required - t/year",{"$f":"R349/(I136*1000)","v":{"$error":"#DIV/0!"}},{"$f":"S349/(J136*1000)","v":{"$error":"#DIV/0!"}},{"$f":"T349/(K136*1000)","v":{"$error":"#DIV/0!"}},{"$f":"U349/(L136*1000)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"5ML","25ML","50ML","100ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Extra steam required - MJ/year",{"$f":"I125*I53*1000","v":{"$error":"#DIV/0!"}},{"$f":"J125*J53*1000","v":{"$error":"#DIV/0!"}},{"$f":"K125*K53*1000","v":{"$error":"#DIV/0!"}},{"$f":"L125*L53*1000","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Fuel required - MJ/year",{"$f":"R353/0.63","v":{"$error":"#DIV/0!"}},{"$f":"S353/0.63","v":{"$error":"#DIV/0!"}},{"$f":"T353/0.63","v":{"$error":"#DIV/0!"}},{"$f":"U353/0.63","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Fuel required - tonne/year",{"$f":"R354/(I136*1000)","v":{"$error":"#DIV/0!"}},{"$f":"S354/(J136*1000)","v":{"$error":"#DIV/0!"}},{"$f":"T354/(K136*1000)","v":{"$error":"#DIV/0!"}},{"$f":"U354/(L136*1000)","v":{"$error":"#DIV/0!"}}]
[]
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[]
[]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,true]

{"sheet":"PRICE_RES2","index":22,"n_rows":48,"n_cols":22,"rows_kept":48,"cut":false,"hidden":true,"merged":[[2,2,2,9],[5,2,5,3],[5,4,5,6],[12,2,13,9],[25,3,25,7]]}
[]
[]
[null,null,{"$f":"+\"COLLECTION COSTS CALCULATOR FOR \"&UPPER('Data Entry Needs'!$F$11)","v":"COLLECTION COSTS CALCULATOR FOR  "},null,null,null,null,null,null,null,null,null,null,null,null,"Sources of biomass","No.","Selection2","Number","Mechanized","Number of skilled workers","person-hour/ha"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Agriculture residues spread in the field",1,{"$f":"+$F$11","v":"Mechanized"},null,"Mechanized2","Skilled labour wage","USD/person-hour"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Agriculture residues collected from field",2,"Selection1",1,"Mechanized4","Average fuel economy","l/h"]
[null,null,"Use white cells to input data",null,"Grey cells are used for calculations",null,null,null,null,null,null,null,null,null,null,"Agriculture residues from food processing plant",3,{"$f":"+VLOOKUP($C$11,$P$3:$Q$10,2,FALSE)","v":1},2,"Mechanized5","Fuel price","USD/l"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Forestry ",4,null,3,"Semi-mechanized","Number of skilled workers","person-hour/ha"]
[null,null,"Biomass Collection Definition",null,null,null,null,null,null,null,null,null,null,null,null,"Forestry and plantation residues",5,null,4,"Semi-mechanized1","Number of unskilled workers","person-hour/ha"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Residues from wood industry",6,null,5,"Semi-mechanized2","Skilled labour wage","USD/person-hour"]
[null,null,"Sources of biomass",null,null,"Collecting method",null,null,null,null,null,null,null,null,null,"Dedicated wood energy plantation ",7,null,null,"Semi-mechanized3","Unskilled labour wage","USD/person-hour"]
[null,null,"Agriculture residues spread in the field",null,null,"Mechanized",null,null,null,null,null,null,null,null,null,"Collection method",null,null,null,"Semi-mechanized4","Average fuel economy","l/h"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Mechanized",null,null,null,"Semi-mechanized5","Fuel Price","USD/l"]
[null,null,{"$f":"IF($R$6=7,\"Warning: Selecting this option you are assuming that briquette producer owns the wood plantation. Then, feedstock price is equal to production cost. \",IF(OR($R$6=1,$R$6=5,$R$6=4),\"Biomass Collection Definition\",\"Warning: Selecting this option you are assuming that this type of biomass is already collected. Then, only transportation cost should be considered. \"))","v":"Biomass Collection Definition"},null,null,null,null,null,null,null,null,null,null,null,null,"Semi-mechanized",null,null,null,"Manual","Number of unskilled workers","person-hour/ha"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Manual",null,null,null,"Manual2","Unskilled labour wage","USD/person-hour"]
[]
[null,null,"Biomass Price Definition"]
[null,null,"Labour cost","Quantity","Unit","Quantity",null,"Unit","Total","Unit"]
[null,null,{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S4,$T$3:$V$14,2,FALSE),\"\"),\"\")","v":"Number of skilled workers"},null,{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S4,$T$3:$V$23,3,FALSE),\"\"),\"\")","v":"person-hour/ha"},{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S6,$T$3:$V$14,2,FALSE),\"\"),\"\")","v":"Skilled labour wage"},{"$f":"IF(F18=\"\",\"\",IF(F18=\"unskilled labour wage\",'Data Entry Needs'!D45,IF(F18=\"skilled labour wage\",'Data Entry Needs'!$D$46)))","v":0},{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S6,$T$3:$V$20,3,FALSE),\"\"),\"\")","v":"USD/person-hour"},{"$f":"+IFERROR(G18*D18*IF($F$11=\"Manual\",(STORAGE_FS2!$F$38/STORAGE_FS2!$F$10)*(COST_FS2!$D$9/COST_FS2!$D$10),(COST_FS2!$D$9/COST_FS2!$D$10)*(STORAGE_FS2!$F$38/STORAGE_FS2!$F$10)),\"\")","v":""},{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"USD/year\",\"\")","v":"USD/year"}]
[null,null,{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S5,$T$3:$V$14,2,FALSE),\"\"),\"\")","v":""},null,{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S5,$T$3:$V$23,3,FALSE),\"\"),\"\")","v":""},{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S7,$T$3:$V$14,2,FALSE),\"\"),\"\")","v":""},{"$f":"IF(F19=\"\",\"\",'Data Entry Needs'!$D$45)","v":""},{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S7,$T$3:$V$27,3,FALSE),\"\"),\"\")","v":""},{"$f":"+IFERROR(G19*D19*IF($F$11=\"Manual\",(STORAGE_FS2!$F$38/STORAGE_FS2!$F$10)*(COST_FS2!$D$9/COST_FS2!$D$10),(COST_FS2!$D$9/COST_FS2!$D$10)*(STORAGE_FS2!$F$38/STORAGE_FS2!$F$10)),\"\")","v":""},{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"USD/year\",\"\")","v":"USD/year"}]
[null,null,null,{"$f":"+IF(AND(C18=\"\",C19=\"\"),0,IF(C18=\"\",D19,IF(C19=\"\",D18,D18+D19)))","v":0},null,null,null,{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"Subtotal\",\"\")","v":"Subtotal"},{"$f":"+SUMIF($I$18:$I$19,\">0\")","v":0},{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"USD/year\",\"\")","v":"USD/year"}]
[null,null,"Machinery & operating cost","Quantity","Unit","Quantity",null,"Unit","Total","Unit"]
[null,null,{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S8,$T$3:$V$14,2,FALSE),\"\"),\"\")","v":"Average fuel economy"},null,{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S8,$T$3:$V$27,3,FALSE),\"\"),\"\")","v":"l/h"},{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S9,$T$3:$V$14,2,FALSE),\"\"),\"\")","v":"Fuel price"},{"$f":"IF(F22=\"\",\"\",'Data Entry Needs'!$D$50)","v":0},{"$f":"+IFERROR(VLOOKUP($R$4&$S9,$T$3:$V$14,3,FALSE),\"\")","v":"USD/l"},{"$f":"+IFERROR(G22*D22*IF($F$11=\"Manual\",0,$D$18*'Data Entry Needs'!$F$12/'Data Entry Needs'!$F$92),\"\")","v":""},{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"USD/year\",\"\")","v":"USD/year"}]
[null,null,null,null,null,null,null,{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"Subtotal\",\"\")","v":"Subtotal"},{"$f":"+I22","v":""},{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"USD/year\",\"\")","v":"USD/year"}]
[null,null,null,null,null,null,null,{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"Total\",\"\")","v":"Total"},{"$f":"IFERROR(I20+I23,I20)","v":0},{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"USD/year\",\"\")","v":"USD/year"}]
[]
[null,null,null,{"$f":"IF($R$6=7,\"Production cost of \",\"Collection price of \")&'Data Entry Needs'!$F$11","v":"Collection price of  "},null,null,null,null,{"$f":"IFERROR(I24/'Data Entry Needs'!$F$12,\"\")","v":""},"USD/ton"]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Collection Method","Efficiency Factor"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Mechanized",1]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Semi-Mechanized",1]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Manual",1]

{"sheet":"STORAGE_FS2","index":23,"n_rows":93,"n_cols":37,"rows_kept":93,"cut":false,"hidden":true,"merged":[[21,5,21,14],[7,5,7,14],[2,2,2,15]]}
[]
[]
[null,null,{"$f":"+UPPER(\"Biomass storage calculation for \"&'Data Entry Needs'!$F$11)","v":"BIOMASS STORAGE CALCULATION FOR  "}]
[]
[null,null,"Biomass Safety Stock Rate Definition"]
[]
[]
[null,null,null,null,null,"Capacities (Million litres per year)"]
[null,null,null,"Unit",null,5,null,null,25,null,null,50,null,null,100]
[null,null,"Biomass consumption","t/year",null,{"$f":"+COST_FS2!$G$17","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+COST_FS2!$G$18","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+COST_FS2!$G$19","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+COST_FS2!$G$20","v":{"$error":"#DIV/0!"}}]
[null,null,null,"t/month",null,{"$f":"F10/12","v":{"$error":"#DIV/0!"}},null,null,{"$f":"I10/12","v":{"$error":"#DIV/0!"}},null,null,{"$f":"L10/12","v":{"$error":"#DIV/0!"}},null,null,{"$f":"O10/12","v":{"$error":"#DIV/0!"}}]
[null,null,null,"kg/day",null,{"$f":"F10/365","v":{"$error":"#DIV/0!"}},null,null,{"$f":"I10/365","v":{"$error":"#DIV/0!"}},null,null,{"$f":"L10/365","v":{"$error":"#DIV/0!"}},null,null,{"$f":"O10/365","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Biomass production within a specific distance","t/year",null,{"$f":"+COST_FS2!$D$9","v":0},null,null,{"$f":"F14","v":0},null,null,{"$f":"I14","v":0},null,null,{"$f":"L14","v":0}]
[]
[null,null,"Biomass safety stock rate",null,null,{"$f":"+F17/100","v":0.3},{"$f":"+G17/100","v":0},0,0.3,0,0,0.3,0,0,0.3]
[null,null,null,null,null,30,null,null,30,null,null,30,null,null,30]
[null,null,"Biomass stock pile capacity","t",null,{"$f":"+MAX(F25:F36)","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+MAX(I25:I36)","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+MAX(L25:L36)","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+MAX(O25:O36)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Maximum Storage Definition"]
[]
[null,null,null,null,null,"Capacities (Million litres per year)"]
[null,null,null,null,{"$f":"+F9","v":5},5,null,{"$f":"+I9","v":25},25,null,{"$f":"+L9","v":50},50,null,{"$f":"+O9","v":100},100,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Depletion time definition"]
[null,null,"Harvest Month Selection","Storage Month","Monthly Consumption (Ton/month)","Cumulative  Storage (ton)","Storage Depletion (Ton/month)","Monthly Consumption (Ton/month)","Cumulative  Storage (ton)","Storage Depletion (Ton/month)","Monthly Consumption (Ton/month)","Cumulative  Storage (ton)","Storage Depletion (Ton/month)","Monthly Consumption (Ton/month)","Cumulative  Storage (ton)","Storage Depletion (Ton/month)",null,null,null,null,null,null,null,null,null,null,null,"Harvest Period ","Harvest Period ","Depletion term","Depletion month","EQ term","Depletion time","Storageterm","Storage month","EQ term","Storage time"]
[null,null,"January",{"$f":"+IF($AC25=0,0,IF($AC25>$AC36,1,IF($AC25=$AC36,$D36+1,IF($AC36>$AC25,0))))","v":1},{"$f":"+F$11","v":{"$error":"#DIV/0!"}},{"$f":"+IF(AND($D$25=1,$D$36=0,$D$26=0),$F$11*$AG25+$F$11*$F$16,IF($D25>0,($AG25*$F$11/$AK25)*$D25+$F$11*$F$16,0))","v":{"$error":"#DIV/0!"}},{"$f":"IF(AND($D$25=1,$D$36=0,$D$26=0),$F$11*$AG25+$G$36-E25,IF($D25>0,IFERROR(($AG25*$F$11/$AK25)*$D25,\"\")+$F$11*$F$16,IF($D25=0,G36-E25)))","v":{"$error":"#VALUE!"}},{"$f":"+I$11","v":{"$error":"#DIV/0!"}},{"$f":"+IF(AND($D$25=1,$D$36=0,$D$26=0),$I$11*$AG25+$I$11*$I$16,IF($D25>0,($AG25*$I$11/$AK25)*$D25+$I$11*$I$16,0))","v":{"$error":"#DIV/0!"}},{"$f":"IF(AND($D$25=1,$D$36=0,$D$26=0),$I$11*$AG25+$J$36-H25,IF($D25>0,IFERROR(($AG25*$I$11/$AK25)*$D25,\"\")+$I$11*$I$16,IF($D25=0,J36-H25)))","v":{"$error":"#VALUE!"}},{"$f":"+L$11","v":{"$error":"#DIV/0!"}},{"$f":"+IF(AND($D$25=1,$D$36=0,$D$26=0),$L$11*$AG25+$L$11*$L$16,IF($D25>0,($AG25*$L$11/$AK25)*$D25+$L$11*$L$16,0))","v":{"$error":"#DIV/0!"}},{"$f":"IF(AND($D$25=1,$D$36=0,$D$26=0),$L$11*$AG25+$M$36-K25,IF($D25>0,IFERROR(($AG25*$L$11/$AK25)*$D25,\"\")+$L$11*$L$16,IF($D25=0,M36-K25)))","v":{"$error":"#VALUE!"}},{"$f":"+O$11","v":{"$error":"#DIV/0!"}},{"$f":"+IF(AND($D$25=1,$D$36=0,$D$26=0),$O$11*$AG25+$O$11*$O$16,IF($D25>0,($AG25*$O$11/$AK25)*$D25+$O$11*$O$16,0))","v":{"$error":"#DIV/0!"}},{"$f":"IF(AND($D$25=1,$D$36=0,$D$26=0),$O$11*$AG25+$P$36-N25,IF($D25>0,IFERROR(($AG25*$O$11/$AK25)*$D25,\"\")+$O$11*$O$16,IF($D25=0,P36-N25)))","v":{"$error":"#VALUE!"}},null,null,null,null,null,null,null,null,null,null,null,true,{"$f":"+N(AB25)","v":1},{"$f":"+IF(AND(AC26>AC25,AC25=0),\"Last\"&AF25,\"\")","v":""},{"$f":"+IF($AC25=1,0,IF($AC25<$AC36,1,IF($AC25=$AC36,$AE36+1,IF($AC36>$AC25,1))))","v":0},1,{"$f":"IFERROR(VLOOKUP(\"LAST\"&AF25,$AD$25:$AE$36,2,FALSE),AK25)","v":1},{"$f":"+IF(AND(AI25>AI26,AI26=0),\"Last\"&AJ25,\"\")","v":""},{"$f":"+IF($AC25=0,0,IF($AC25>$AC36,1,IF($AC25=$AC36,$AI36+1,IF($AC36>$AC25,0))))","v":1},1,{"$f":"IFERROR(VLOOKUP(\"LAST\"&AJ25,$AH$25:$AI$36,2,FALSE),VLOOKUP(\"LAST\"&1,$AH$25:$AI$36,2,FALSE))","v":5}]
[null,null,"February",{"$f":"+IF($AC26=0,0,IF($AC26>$AC25,1,IF($AC26=$AC25,$D25+1,IF($AC25>$AC26,0))))","v":2},{"$error":"#DIV/0!"},{"$f":"IF($D26>0,($AG26*$F$11/$AK26)*$D26+$F$11*$F$16,0)","v":{"$error":"#DIV/0!"}},{"$f":"+IF($D26>0,IFERROR(($AG26*$F$11/$AK26)*$D26,\"\")+$F$11*$F$16,IF($D26=0,G25-E26))","v":{"$error":"#VALUE!"}},{"$error":"#DIV/0!"},{"$f":"IF($D26>0,($AG26*$I$11/$AK26)*$D26+$I$11*$I$16,0)","v":{"$error":"#DIV/0!"}},{"$f":"+IF($D26>0,IFERROR(($AG26*$I$11/$AK26)*$D26,\"\")+$I$11*$I$16,IF($D26=0,J25-H26))","v":{"$error":"#VALUE!"}},{"$error":"#DIV/0!"},{"$f":"IF($D26>0,($AG26*$L$11/$AK26)*$D26+$L$11*$L$16,0)","v":{"$error":"#DIV/0!"}},{"$f":"+IF($D26>0,IFERROR(($AG26*$L$11/$AK26)*$D26,\"\")+$L$11*$L$16,IF($D26=0,M25-K26))","v":{"$error":"#VALUE!"}},{"$error":"#DIV/0!"},{"$f":"IF($D26>0,($AG26*$O$11/$AK26)*$D26+$O$11*$O$16,0)","v":{"$error":"#DIV/0!"}},{"$f":"+IF($D26>0,IFERROR(($AG26*$O$11/$AK26)*$D26,\"\")+$O$11*$O$16,IF($D26=0,P25-N26))","v":{"$error":"#VALUE!"}},null,null,null,null,null,null,null,null,null,null,null,true,{"$f":"+N(AB26)","v":1},{"$f":"+IF(AND(AC27>AC26,AC26=0),\"Last\"&AF26,\"\")","v":""},{"$f":"+IF($AC26=1,0,IF($AC26<$AC25,1,IF($AC26=$AC25,$AE25+1,IF($AC25>$AC26,1))))","v":0},{"$f":"+IF($AE25>$AE26,$AF25+1,$AF25)","v":1},{"$f":"IFERROR(VLOOKUP(\"LAST\"&AF26,$AD$25:$AE$36,2,FALSE),$AG$25)","v":1},{"$f":"+IF(AND(AI26>AI27,AI27=0),\"Last\"&AJ26,\"\")","v":""},{"$f":"+IF($AC26=0,0,IF($AC26>$AC25,1,IF($AC26=$AC25,$AI25+1,IF($AC25>$AC26,0))))","v":2},{"$f":"+IF($AI25>$AI26,$AJ25+1,$AJ25)","v":1},5]
[null,null,"March",3,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,true,1,{"$f":"+IF(AND(AC28>AC27,AC27=0),\"Last\"&AF27,\"\")","v":""},0,1,1,{"$f":"+IF(AND(AI27>AI28,AI28=0),\"Last\"&AJ27,\"\")","v":""},3,1,5]
[null,null,"April",4,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,true,1,{"$f":"+IF(AND(AC29>AC28,AC28=0),\"Last\"&AF28,\"\")","v":""},0,1,1,{"$f":"+IF(AND(AI28>AI29,AI29=0),\"Last\"&AJ28,\"\")","v":""},4,1,5]
[null,null,"May",5,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,true,1,"",0,1,1,{"$f":"+IF(AND(AI29>AI30,AI30=0),\"Last\"&AJ29,\"\")","v":"Last1"},5,1,5]
[null,null,"June",0,{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,false,0,"Last1",1,1,1,"",0,2,3]
[null,null,"July",1,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,true,1,"",0,2,3,"",1,2,3]
[null,null,"August",2,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,true,1,"",0,2,3,"",2,2,3]
[null,null,"September",3,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,true,1,"",0,2,3,"Last2",3,2,3]
[null,null,"October",0,{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,false,0,"",1,2,3,"",0,3,5]
[null,null,"November",0,{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,false,0,"",2,2,3,"",0,3,5]
[null,null,"December",0,{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,false,0,{"$f":"+IF(AND(AC25>AC36,AC36=0),\"Last\"&AF36,\"\")","v":"Last2"},3,2,3,{"$f":"+IF(AND(AI36>AI25,AI25=0),\"Last\"&AJ36,\"\")","v":""},0,3,5]
[]
[null,null,"Maximum Storage Capacity Required (ton)",null,null,{"$f":"+ROUNDUP(MAX(F25:F36),0)","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+ROUNDUP(MAX(I25:I36),0)","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+ROUNDUP(MAX(L25:L36),0)","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+ROUNDUP(MAX(O25:O36),0)","v":{"$error":"#DIV/0!"}}]
[null,null,"Minimum Safety Storage (ton)",null,null,{"$f":"+ROUNDUP(MIN(G25:G36),0)","v":{"$error":"#VALUE!"}},null,null,{"$f":"+ROUNDUP(MIN(J25:J36),0)","v":{"$error":"#VALUE!"}},null,null,{"$f":"+ROUNDUP(MIN(M25:M36),0)","v":{"$error":"#VALUE!"}},null,null,{"$f":"+ROUNDUP(MIN(P25:P36),0)","v":{"$error":"#VALUE!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"No. Storage Months",{"$f":"+COUNTIF(AC25:AC36,\">0\")","v":8}]
[null,null,"Monthly Consumption of Biomass Stocked",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total Depletion Period",{"$f":"12-AC40","v":4}]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"5&\" (ML/year)\"","v":"5 (ML/year)"},{"$f":"25&\" (ML/year)\"","v":"25 (ML/year)"},{"$f":"50&\" (ML/year)\"","v":"50 (ML/year)"},{"$f":"100&\" (ML/year)\"","v":"100 (ML/year)"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+LEFT(C25,3)","v":"Jan"},{"$f":"+G25","v":{"$error":"#VALUE!"}},{"$f":"+J25","v":{"$error":"#VALUE!"}},{"$f":"+M25","v":{"$error":"#VALUE!"}},{"$f":"+P25","v":{"$error":"#VALUE!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feb",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Mar",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Apr",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"May",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Jun",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+LEFT(C31,3)","v":"Jul"},{"$f":"+G31","v":{"$error":"#VALUE!"}},{"$f":"+J31","v":{"$error":"#VALUE!"}},{"$f":"+M31","v":{"$error":"#VALUE!"}},{"$f":"+P31","v":{"$error":"#VALUE!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Aug",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sep",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Oct",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Nov",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Dec",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]

{"sheet":"COST_FS2","index":24,"n_rows":140,"n_cols":38,"rows_kept":140,"cut":false,"hidden":false,"merged":[[33,5,33,6],[33,7,33,8],[33,9,33,10],[33,11,33,12],[2,2,2,12],[5,3,5,5],[22,2,22,12],[24,2,26,2],[24,5,26,6],[24,9,26,10],[27,5,27,6],[27,9,27,10],[28,5,28,6],[28,9,28,10],[32,5,32,12],[39,2,40,2],[39,3,40,3],[45,2,46,2],[45,3,46,3],[54,2,55,2],[54,3,55,3],[60,2,61,2],[60,3,61,3],[67,2,68,2],[67,3,68,3],[73,2,74,2],[73,3,74,3],[150,29,150,31],[83,2,84,2],[83,3,84,3],[89,2,90,2],[89,3,90,3],[89,4,90,4],[96,2,97,2],[96,3,97,3]]}
[]
[]
[null,null,{"$f":"+UPPER(\" Processing costs for ethanol production from \"&'Data Entry Needs'!$F$11)","v":" PROCESSING COSTS FOR ETHANOL PRODUCTION FROM  "}]
[]
[]
[null,null,"Use white cells to input data","Grey cells are used for calculations"]
[null,null,"Summary of Feedstock and Storage",null,null,"Financial Parameters",null,null,null,"Investment Cost Update"]
[]
[null,null,"Feedstock available (t/year)",{"$f":"+'Data Entry Needs'!$F$12","v":0},null,"Discount rate (%)",null,{"$f":"+'Data Entry Needs'!D79","v":0},null,{"$f":"+'Data Entry Needs'!$F$80","v":"Plant Cost Index during 4/2017"},null,{"$f":"+'Data Entry Needs'!$H$80","v":0}]
[null,null,{"$f":"'Data Entry Needs'!$C$57&\" (USD/l)\"","v":"Ethanol storage cost (USD/l)"},{"$f":"'Data Entry Needs'!$D$57","v":0},null,"Loan interest rate (%)",null,{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,null,{"$f":"'Data Entry Needs'!$F$57","v":"Storage rate of ethanol"},{"$f":"'Data Entry Needs'!$H$57","v":0},null,"Loan term (years)",null,{"$f":"+'Data Entry Needs'!D81","v":0}]
[null,null,"Feedstock storage cost (USD/t)",{"$f":"+'Data Entry Needs'!$E$19","v":0}]
[]
[]
[]
[null,null,"Transport Distance of Feedstock",null,"Transport Quantity"]
[null,null,"Distance SIZE 1 (5 ML) (km)",null,"Size 1 (t/year)",null,{"$f":"+$F$42","v":{"$error":"#DIV/0!"}}]
[null,null,"Distance SIZE 2 (25 ML) (km)",null,"Size 2 (t/year)",null,{"$f":"+$H$42","v":{"$error":"#DIV/0!"}}]
[null,null,"Distance SIZE 3 (50 ML) (km)",null,"Size 3 (t/year)",null,{"$f":"+$J$42","v":{"$error":"#DIV/0!"}}]
[null,null,"Distance SIZE 4 (100 ML) (km)",null,"Size 4 (t/year)",null,{"$f":"+$L$42","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Feedstock Production Schemes"]
[null,null,"PLEASE INCLUDE AT LEAST ONE SCENARIO TO OBTAIN RESULTS"]
[null,null,"Scenario 1: Own Production",null,null,"Scenario 2: Mixed",null,null,null,"Scenario 3: Outgrowers"]
[null,null,{"$f":"+\"Description: 100% of \"&'Data Entry Needs'!$F$11&\" feedstock collected on site\"","v":"Description: 100% of   feedstock collected on site"},null,null,{"$f":"+\"Description: \"&$AC$139&\"% of \"&'Data Entry Needs'!$F$11&\" feedstock produced directly by processing plant, and \"&(100-$AC$139)&\"% provided by outgrowers at market price.\"","v":"Description: 60% of   feedstock produced directly by processing plant, and 40% provided by outgrowers at market price."},null,null,null,{"$f":"+\"Description: 100% of \"&'Data Entry Needs'!$F$11&\" feedstock is provided by outgrowers at market price.\"","v":"Description: 100% of   feedstock is provided by outgrowers at market price."}]
[]
[]
[null,null,null,null,null,{"$f":"\"Feedstock Price = \"&$AC$139&\"%*Own Production Cost + \"&(100-$AC$139)&\"%*Outgrowers Cost\"","v":"Feedstock Price = 60%*Own Production Cost + 40%*Outgrowers Cost"},null,null,null,"Feedstock Price = 100%*Market Price or Collection Cost","Feedstock Price = 100%*Production Cost"]
[null,null,{"$f":"IF('Data Entry Needs'!F10 = \"Ligno. Residues\",0,+'Data Entry Needs'!$F$14)","v":0},null,null,{"$f":"C29*COST_FS2!$AB$140+J29*COST_FS2!$AB$139","v":0},null,null,null,{"$f":"IF('Data Entry Needs'!F10=\"Ligno. Energy Crops\",'Data Entry Needs'!$F$15,IF('Data Entry Needs'!C18,'Data Entry Needs'!F18,'Data Entry Needs'!F17))","v":0}]
[]
[null,null,"Production Cost Details"]
[]
[null,null,null,null,null,"Capacities (Million litres per year)"]
[null,null,null,null,null,5,null,25,null,50,null,100]
[null,null,null,null,null,"Operating hours per year",{"$f":"+'Data Entry Needs'!$G$43*24","v":0},"Operating hours per year",{"$f":"+'Data Entry Needs'!$G$43*24","v":0},"Operating hours per year",{"$f":"+'Data Entry Needs'!$G$43*24","v":0},"Operating hours per year",{"$f":"+'Data Entry Needs'!$G$43*24","v":0}]
[null,null,"Scenario 1: Own Production"]
[null,null,"Scenario 2: Mixed"]
[null,null,"Scenario 3: Outgrowers"]
[]
[null,null,"Feedstock","Unit","Unit Price","Quantity ","Total","Quantity ","Total","Quantity ","Total","Quantity ","Total"]
[null,null,null,null,"(USD)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)"]
[null,null,{"$f":"+'Data Entry Needs'!$F$11&\" Scenario 1\"","v":"  Scenario 1"},{"$f":"Allocator!C35","v":"t/year"},{"$f":"+$C$29","v":0},{"$f":"+Allocator!$D$51","v":{"$error":"#DIV/0!"}},{"$f":"+F42*E42","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$E$51","v":{"$error":"#DIV/0!"}},{"$f":"+H42*$E42","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$F$51","v":{"$error":"#DIV/0!"}},{"$f":"+J42*$E42","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$G$51","v":{"$error":"#DIV/0!"}},{"$f":"+L42*$E42","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"+'Data Entry Needs'!$F$11&\" Scenario 2\"","v":"  Scenario 2"},{"$f":"D42","v":"t/year"},{"$f":"+$F$29","v":0},{"$f":"+Allocator!$D$51","v":{"$error":"#DIV/0!"}},{"$f":"+F43*E43","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$E$51","v":{"$error":"#DIV/0!"}},{"$f":"+H43*$E43","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$F$51","v":{"$error":"#DIV/0!"}},{"$f":"+J43*$E43","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$G$51","v":{"$error":"#DIV/0!"}},{"$f":"+L43*$E43","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"+'Data Entry Needs'!$F$11&\" Scenario 3\"","v":"  Scenario 3"},{"$f":"D43","v":"t/year"},{"$f":"+J29","v":0},{"$f":"+Allocator!$D$51","v":{"$error":"#DIV/0!"}},{"$f":"+F44*E44","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$E$51","v":{"$error":"#DIV/0!"}},{"$f":"+H44*$E44","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$F$51","v":{"$error":"#DIV/0!"}},{"$f":"+J44*$E44","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$G$51","v":{"$error":"#DIV/0!"}},{"$f":"+L44*$E44","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Other chemical inputs","Unit","Unit Price","Quantity ","Total","Quantity ","Total","Quantity ","Total","Quantity ","Total"]
[null,null,null,null,"(USD)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)"]
[null,null,{"$f":"Allocator!B36","v":"Sulfuric Acid"},{"$f":"Allocator!C36","v":"t/year"},{"$f":"'Data Entry Needs'!D34","v":0},{"$f":"Allocator!D52","v":{"$error":"#DIV/0!"}},{"$f":"+F48*E48","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E52","v":{"$error":"#DIV/0!"}},{"$f":"+H48*$E48","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F52","v":{"$error":"#DIV/0!"}},{"$f":"+J48*$E48","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G52","v":{"$error":"#DIV/0!"}},{"$f":"+L48*$E48","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"Allocator!B37","v":"Water"},{"$f":"Allocator!C37","v":"m3/year"},{"$f":"'Data Entry Needs'!D39","v":0},{"$f":"Allocator!D53","v":{"$error":"#DIV/0!"}},{"$f":"+F49*E49","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E53","v":{"$error":"#DIV/0!"}},{"$f":"+H49*$E49","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F53","v":{"$error":"#DIV/0!"}},{"$f":"+J49*$E49","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G53","v":{"$error":"#DIV/0!"}},{"$f":"+L49*$E49","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"Allocator!B38","v":"Ammonia"},{"$f":"Allocator!C38","v":"t/year"},{"$f":"'Data Entry Needs'!D32","v":0},{"$f":"Allocator!D54","v":{"$error":"#DIV/0!"}},{"$f":"+F50*E50","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E54","v":{"$error":"#DIV/0!"}},{"$f":"+H50*$E50","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F54","v":{"$error":"#DIV/0!"}},{"$f":"+J50*$E50","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G54","v":{"$error":"#DIV/0!"}},{"$f":"+L50*$E50","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"Allocator!B39","v":"Enzyme"},{"$f":"Allocator!C39","v":"t/year"},{"$f":"'Data Entry Needs'!G32","v":0},{"$f":"Allocator!D55","v":{"$error":"#DIV/0!"}},{"$f":"+F51*E51","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E55","v":{"$error":"#DIV/0!"}},{"$f":"+H51*$E51","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F55","v":{"$error":"#DIV/0!"}},{"$f":"+J51*$E51","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G55","v":{"$error":"#DIV/0!"}},{"$f":"+L51*$E51","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"Allocator!B40","v":"Yeast"},{"$f":"Allocator!C40","v":"t/year"},{"$f":"'Data Entry Needs'!D33","v":0},{"$f":"Allocator!D56","v":{"$error":"#DIV/0!"}},{"$f":"+F52*E52","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E56","v":{"$error":"#DIV/0!"}},{"$f":"+H52*$E52","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F56","v":{"$error":"#DIV/0!"}},{"$f":"+J52*$E52","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G56","v":{"$error":"#DIV/0!"}},{"$f":"+L52*$E52","v":{"$error":"#DIV/0!"}}]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G48:G52)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I48:I52)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K48:K52)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M48:M52)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Energy inputs","Unit","Unit Price","Quantity ","Total","Quantity ","Total","Quantity ","Total","Quantity ","Total"]
[null,null,null,null,"(USD)","(Unit)","(USD/year)","(Unit/year)","(USD/year)","(Unit/year)","(USD/year)","(Unit/year)","(USD/year)"]
[null,null,{"$f":"Allocator!B41","v":"Steam"},{"$f":"Allocator!C41","v":"t/y"},{"$f":"'Data Entry Needs'!D38","v":0},{"$f":"Allocator!D57","v":{"$error":"#DIV/0!"}},{"$f":"+F57*E57","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E57","v":{"$error":"#DIV/0!"}},{"$f":"+H57*$E57","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F57","v":{"$error":"#DIV/0!"}},{"$f":"+J57*$E57","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G57","v":{"$error":"#DIV/0!"}},{"$f":"+L57*$E57","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"Allocator!B42","v":"Electricity"},{"$f":"Allocator!C42","v":"kWh/y"},{"$f":"'Data Entry Needs'!D40","v":0},{"$f":"Allocator!D58","v":{"$error":"#DIV/0!"}},{"$f":"+F58*E58","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E58","v":{"$error":"#DIV/0!"}},{"$f":"+H58*$E58","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F58","v":{"$error":"#DIV/0!"}},{"$f":"+J58*$E58","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G58","v":{"$error":"#DIV/0!"}},{"$f":"+L58*$E58","v":{"$error":"#DIV/0!"}}]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G57:G58)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I57:I58)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K57:K58)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M57:M58)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Labour and miscellaneous cost","Unit","Unit Price","Quantity ","Total","Quantity ","Total","Quantity ","Total","Quantity ","Total"]
[null,null,null,null,"(USD/hour)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)"]
[null,null,"Unskilled worker","# Employee",{"$f":"+'Data Entry Needs'!$D$43","v":0},{"$f":"+IF((F34/3.785)<6,6,ROUND(F34/3.785,0))*3","v":18},{"$f":"+E63*F63*8000","v":0},{"$f":"+IF((H34/3.785)<6,6,ROUND(H34/3.785,0))*3","v":21},{"$f":"+$E63*H63*8000","v":0},{"$f":"+IF((J34/3.785)<6,6,ROUND(J34/3.785,0))*3","v":39},{"$f":"+$E63*J63*8000","v":0},{"$f":"+IF((L34/3.785)<6,6,ROUND(L34/3.785,0))*3","v":78},{"$f":"+$E63*L63*8000","v":0}]
[null,null,"Skilled worker","# Employee",{"$f":"+'Data Entry Needs'!$D$44","v":0},{"$f":"+ROUND(F63/4,0)","v":5},{"$f":"+E64*F64*8000","v":0},{"$f":"+ROUND(H63/4,0)","v":5},{"$f":"+$E64*H64*8000","v":0},{"$f":"+ROUND(J63/4,0)","v":10},{"$f":"+$E64*J64*8000","v":0},{"$f":"+ROUND(L63/4,0)","v":20},{"$f":"+$E64*L64*8000","v":0}]
[null,null,"Miscellaneous costs",null,null,{"$f":"+'Data Entry Needs'!$G$44","v":0},{"$f":"+F65*SUM(G63:G64)","v":0},{"$f":"+$F$65","v":0},{"$f":"+H65*SUM(I63:I64)","v":0},{"$f":"+H65","v":0},{"$f":"+J65*SUM(K63:K64)","v":0},{"$f":"+J65","v":0},{"$f":"+L65*SUM(M63:M64)","v":0}]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G63:G65)","v":0},null,{"$f":"SUM(I63:I65)","v":0},null,{"$f":"SUM(K63:K65)","v":0},null,{"$f":"SUM(M63:M65)","v":0}]
[]
[null,null,"Transportation","Unit","Unit Price","Quantity ","Total","Quantity ","Total","Quantity ","Total","Quantity ","Total"]
[null,null,null,null,"(USD/t/unit)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)"]
[null,null,"Feedstock (farm to plant)","km",{"$f":"+'Data Entry Needs'!$D$53","v":0},{"$f":"+$D$17","v":0},{"$f":"+$E$70*F70*$G$17","v":{"$error":"#DIV/0!"}},{"$f":"+$D$18","v":0},{"$f":"+$E$70*H70*$G$18","v":{"$error":"#DIV/0!"}},{"$f":"+$D$19","v":0},{"$f":"+$E$70*J70*$G$19","v":{"$error":"#DIV/0!"}},{"$f":"$D$20","v":0},{"$f":"+$E$70*L70*$G$20","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G70:G70)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I70:I70)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K70:K70)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M70:M70)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Investment","Unit","Years","Total","Depreciation","Total","Depreciation","Total","Depreciation","Total","Depreciation"]
[null,null,"Investment",null,null,"(USD)","(USD/year)","(USD)","(USD/year)","(USD)","(USD/year)","(USD)","(USD/year)"]
[null,null,"Buildings","USD",20,{"$f":"Allocator!J35","v":7418000},{"$f":"+F76/$E76","v":370900},{"$f":"Allocator!K35","v":19482000},{"$f":"+H76/$E76","v":974100},{"$f":"Allocator!L35","v":29528000},{"$f":"+J76/$E76","v":1476400},{"$f":"Allocator!M35","v":44757000},{"$f":"+L76/$E76","v":2237850}]
[null,null,"Plant and Equipment","USD",20,{"$f":"Allocator!J36","v":28290000},{"$f":"+F77/$E77","v":1414500},{"$f":"Allocator!K36","v":74303000},{"$f":"+H77/$E77","v":3715150},{"$f":"Allocator!L36","v":112622000},{"$f":"+J77/$E77","v":5631100},{"$f":"Allocator!M36","v":170703000},{"$f":"+L77/$E77","v":8535150}]
[]
[null,null,"Total investment",null,null,{"$f":"SUM(F76:F78)","v":35708000},null,{"$f":"SUM(H76:H78)","v":93785000},null,{"$f":"SUM(J76:J78)","v":142150000},null,{"$f":"SUM(L76:L78)","v":215460000}]
[null,null,null,null,null,"Total Depreciation",{"$f":"SUM(G76:G79)","v":1785400},"Total Depreciation",{"$f":"SUM(I76:I79)","v":4689250},"Total Depreciation",{"$f":"SUM(K76:K79)","v":7107500},"Total Depreciation",{"$f":"SUM(M76:M79)","v":10773000}]
[null,null,"Maintenance cost",null,{"$f":"+'Data Entry Needs'!$D$60","v":0},null,{"$f":"+$E$81*G80","v":0},null,{"$f":"+E81*$I$80","v":0},null,{"$f":"+$E$81*K80","v":0},null,{"$f":"+$E$81*M80","v":0}]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G80:G81)","v":1785400},null,{"$f":"SUM(I80:I81)","v":4689250},null,{"$f":"SUM(K80:K81)","v":7107500},null,{"$f":"SUM(M80:M81)","v":10773000}]
[]
[null,null,"Storage","Unit","Unit Price","Quantity ","Total","Quantity ","Total","Quantity ","Total","Quantity ","Total"]
[null,null,null,"(%)","(USD)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)"]
[null,null,"Feedstock (biomass)","t",{"$f":"+$D$12","v":0},{"$f":"+STORAGE_FS2!$F$38","v":{"$error":"#DIV/0!"}},{"$f":"+F86*$E$86","v":{"$error":"#DIV/0!"}},{"$f":"+STORAGE_FS2!$I$38","v":{"$error":"#DIV/0!"}},{"$f":"+H86*$E$86","v":{"$error":"#DIV/0!"}},{"$f":"+STORAGE_FS2!$L$38","v":{"$error":"#DIV/0!"}},{"$f":"+J86*$E$86","v":{"$error":"#DIV/0!"}},{"$f":"+STORAGE_FS2!$O$38","v":{"$error":"#DIV/0!"}},{"$f":"+L86*$E$86","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"+'Data Entry Needs'!$E$10& \" Ethanol\"","v":"Please Select Ethanol"},"litre",{"$f":"+$D$10","v":0},{"$f":"5000000*$D$11","v":0},{"$f":"+$E$87*F87","v":0},{"$f":"25000000*$D$11","v":0},{"$f":"+$E$87*H87","v":0},{"$f":"50000000*$D$11","v":0},{"$f":"+$E$87*J87","v":0},{"$f":"100000000*$D$11","v":0},{"$f":"+$E$87*L87","v":0}]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G86:G87)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I86:I87)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K86:K87)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M86:M87)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Other costs","Unit","Rate (%)",null,"Total",null,"Total",null,"Total",null,"Total"]
[null,null,null,null,null,null,"(USD/year)",null,"(USD/year)",null,"(USD/year)",null,"(USD/year)"]
[null,null,"Plant overhead","USD",{"$f":"+'Data Entry Needs'!$D$61","v":0},null,{"$f":"+(G63+G64+G81)*$E$92","v":0},null,{"$f":"+(I63+I64+I81)*$E$92","v":0},null,{"$f":"+(K63+K64+K81)*$E$92","v":0},null,{"$f":"+(M63+M64+M81)*$E$92","v":0}]
[null,null,"General and administrative","USD",{"$f":"+'Data Entry Needs'!$D$62","v":0},null,{"$f":"+(G59+G66+G92+G81)*$E$93","v":{"$error":"#DIV/0!"}},null,{"$f":"+(I59+I66+I92+I81)*$E$93","v":{"$error":"#DIV/0!"}},null,{"$f":"+(K59+K66+K92+K81)*$E$93","v":{"$error":"#DIV/0!"}},null,{"$f":"+(M59+M66+M92+M81)*$E$93","v":{"$error":"#DIV/0!"}}]
[null,null,"Loan interest","USD",null,null,{"$f":"-FA5_FS1_SC1!$G$68","v":0},null,{"$f":"-FA25_FS1_SC1!$G$68","v":0},null,{"$f":"-FA50_FS1_SC1!$G$68","v":0},null,{"$f":"-FA100_FS1_SC1!$G$68","v":0}]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G92:G94)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I92:I94)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K92:K94)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M92:M94)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Co-Products Credits","Unit","Unit Price","Quantity ","Total","Quantity ","Total","Quantity ","Total","Quantity ","Total"]
[null,null,null,null,"(USD)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)"]
[null,null,{"$f":"Allocator!B45","v":"Electricity"},{"$f":"Allocator!C45","v":"kWh/y"},{"$f":"'Data Entry Needs'!G65","v":0},{"$f":"Allocator!D61","v":{"$error":"#DIV/0!"}},{"$f":"$E$99*F99","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E61","v":{"$error":"#DIV/0!"}},{"$f":"$E$99*H99","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F61","v":{"$error":"#DIV/0!"}},{"$f":"$E$99*J99","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G61","v":{"$error":"#DIV/0!"}},{"$f":"$E$99*L99","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"Allocator!B47","v":"CO2"},{"$f":"Allocator!C47","v":"t/year"},{"$f":"'Data Entry Needs'!D65","v":0},{"$f":"Allocator!D63","v":{"$error":"#DIV/0!"}},{"$f":"$E$100*F100","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E63","v":{"$error":"#DIV/0!"}},{"$f":"$E$100*H100","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F63","v":{"$error":"#DIV/0!"}},{"$f":"$E$100*J100","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G63","v":{"$error":"#DIV/0!"}},{"$f":"$E$100*L100","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"Allocator!B48","v":"Lignin"},{"$f":"Allocator!C48","v":"t/year"},{"$f":"'Data Entry Needs'!D66","v":0},{"$f":"Allocator!D64","v":{"$error":"#DIV/0!"}},{"$f":"$E$101*F101","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E64","v":{"$error":"#DIV/0!"}},{"$f":"$E$101*H101","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F64","v":{"$error":"#DIV/0!"}},{"$f":"$E$101*J101","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G64","v":{"$error":"#DIV/0!"}},{"$f":"$E$101*L101","v":{"$error":"#DIV/0!"}}]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G99:G101)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I99:I101)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K99:K101)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M99:M101)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Total Production Costs (USD/year)"]
[]
[null,null,null,null,null,"Total","Total","Total","Total","Total","Total","Total","Total"]
[null,null,null,null,null,"(USD/year)","(USD/l)","(USD/year)","(USD/l)","(USD/year)","(USD/l)","(USD/year)","(USD/l)"]
[null,null,"Scenario 1"]
[null,null,"Total operating costs",null,null,{"$f":"G42+G53+G59+G66+G72","v":{"$error":"#DIV/0!"}},{"$f":"+F109/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I42+I53+I59+I66+I72","v":{"$error":"#DIV/0!"}},{"$f":"+H109/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K42+K53+K59+K66+K72","v":{"$error":"#DIV/0!"}},{"$f":"+J109/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M42+M53+M59+M66+M72","v":{"$error":"#DIV/0!"}},{"$f":"+L109/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Total fixed costs",null,null,{"$f":"G82+G88","v":{"$error":"#DIV/0!"}},{"$f":"+F110/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I82+I88","v":{"$error":"#DIV/0!"}},{"$f":"+H110/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K82+K88","v":{"$error":"#DIV/0!"}},{"$f":"+J110/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M82+M88","v":{"$error":"#DIV/0!"}},{"$f":"+L110/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Total other costs",null,null,{"$f":"G95","v":{"$error":"#DIV/0!"}},{"$f":"+F111/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I95","v":{"$error":"#DIV/0!"}},{"$f":"+H111/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K95","v":{"$error":"#DIV/0!"}},{"$f":"+J111/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M95","v":{"$error":"#DIV/0!"}},{"$f":"+L111/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Co-Products Credits",null,null,{"$f":"-G102","v":{"$error":"#DIV/0!"}},{"$f":"+F112/5000000","v":{"$error":"#DIV/0!"}},{"$f":"-I102","v":{"$error":"#DIV/0!"}},{"$f":"+H112/25000000","v":{"$error":"#DIV/0!"}},{"$f":"-K102","v":{"$error":"#DIV/0!"}},{"$f":"+J112/50000000","v":{"$error":"#DIV/0!"}},{"$f":"-M102","v":{"$error":"#DIV/0!"}},{"$f":"+L112/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Total production costs scenario 1 (USD/year)",null,null,{"$f":"SUM(F109:F112)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(H109:H112)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(J109:J112)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(L109:L112)","v":{"$error":"#DIV/0!"}}]
[null,null,"Total production costs scenario 1 (USD/l)",null,null,null,{"$f":"SUM(G109:G112)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I109:I112)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K109:K113)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M109:M113)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Scenario 2"]
[null,null,"Total operating costs",null,null,{"$f":"G43+G53+G59+G66+G72","v":{"$error":"#DIV/0!"}},{"$f":"+F117/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I43+I53+I59+I66+I72","v":{"$error":"#DIV/0!"}},{"$f":"+H117/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K43+K53+K59+K66+K72","v":{"$error":"#DIV/0!"}},{"$f":"+J117/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M43+M53+M59+M66+M72","v":{"$error":"#DIV/0!"}},{"$f":"+L117/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Total fixed costs",null,null,{"$f":"G82+G88","v":{"$error":"#DIV/0!"}},{"$f":"+F118/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I82+I88","v":{"$error":"#DIV/0!"}},{"$f":"+H118/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K82+K88","v":{"$error":"#DIV/0!"}},{"$f":"+J118/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M82+M88","v":{"$error":"#DIV/0!"}},{"$f":"+L118/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Total other costs",null,null,{"$f":"G95","v":{"$error":"#DIV/0!"}},{"$f":"+F119/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I95","v":{"$error":"#DIV/0!"}},{"$f":"+H119/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K95","v":{"$error":"#DIV/0!"}},{"$f":"+J119/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M95","v":{"$error":"#DIV/0!"}},{"$f":"+L119/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Co-Products Credits",null,null,{"$f":"-G102","v":{"$error":"#DIV/0!"}},{"$f":"G112","v":{"$error":"#DIV/0!"}},{"$f":"-I102","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"-K102","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"-M102","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,"Total production costs scenario 2 (USD/year)",null,null,{"$f":"SUM(F117:F120)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(H117:H120)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(J117:J120)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(L117:L120)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1]
[null,null,"Total production costs scenario 2 (USD/l)",null,null,null,{"$f":"SUM(G117:G121)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I117:I120)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K117:K121)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M117:M121)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1]
[null,null,"Scenario 3",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1]
[null,null,"Total operating costs",null,null,{"$f":"G44+G53+G59+G66+G72","v":{"$error":"#DIV/0!"}},{"$f":"+F125/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I44+I53+I59+I66+I72","v":{"$error":"#DIV/0!"}},{"$f":"+H125/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K44+K53+K59+K66+K72","v":{"$error":"#DIV/0!"}},{"$f":"+J125/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M44+M53+M59+M66+M72","v":{"$error":"#DIV/0!"}},{"$f":"+L125/100000000","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1]
[null,null,"Total fixed costs",null,null,{"$f":"G82+G88","v":{"$error":"#DIV/0!"}},{"$f":"+F126/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I82+I88","v":{"$error":"#DIV/0!"}},{"$f":"+H126/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K82+K88","v":{"$error":"#DIV/0!"}},{"$f":"+J126/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M82+M88","v":{"$error":"#DIV/0!"}},{"$f":"+L126/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Total other costs",null,null,{"$f":"G95","v":{"$error":"#DIV/0!"}},{"$f":"+F127/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I95","v":{"$error":"#DIV/0!"}},{"$f":"+H127/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K95","v":{"$error":"#DIV/0!"}},{"$f":"+J127/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M95","v":{"$error":"#DIV/0!"}},{"$f":"+L127/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Co-Products Credits",null,null,{"$f":"-G102","v":{"$error":"#DIV/0!"}},{"$f":"G120","v":{"$error":"#DIV/0!"}},{"$f":"-I102","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"-K102","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"-M102","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,"Total production costs scenario 3 (USD/year)",null,null,{"$f":"SUM(F125:F128)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(H125:H128)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(J125:J128)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(L125:L128)","v":{"$error":"#DIV/0!"}}]
[null,null,"Total production costs scenario 3 (USD/l)",null,null,null,{"$f":"SUM(G125:G128)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I125:I128)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K125:K129)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M125:M129)","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"sc2",null,"Ratios","sc1",null,"sc3"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Factory (%)",{"$f":"+AC139/100","v":0.6},60,"Factory (%)",1,"Factory (%)",0,"yes"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Outgrower (%)",{"$f":"1-AB139","v":0.4},null,"Outgrower (%)",0,"Outgrower (%)",1,"no"]

{"sheet":"FA5_FS2_SC1","index":25,"n_rows":117,"n_cols":23,"rows_kept":117,"cut":false,"hidden":true,"merged":[[1,1,1,13]]}
[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 5 Million Litres/year SCENARIO 1\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 5 MILLION LITRES/YEAR SCENARIO 1"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",5,{"$f":"C9","v":5},5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":5000000},{"$f":"+C10","v":5000000},5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":5000000},{"$f":"+C12","v":5000000},5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS2!$G$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS2!$G$100+COST_FS2!$G$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Equipments",{"$f":"+COST_FS2!$F76","v":7418000}]
[null,"Building",{"$f":"+COST_FS2!$F77","v":28290000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":28290000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":35708000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,28290000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":7141600}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":7.1416000000000004}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS2!$G$42","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS2!$G$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS2!$G$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS2!$G$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS2!$G$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS2!$G$80","v":1785400},1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS2!$G$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS2!$G$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS2!$G$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS2!$G$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":1785400},{"$f":"C78","v":1785400},{"$f":"D78","v":1785400},1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-35708000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-35708000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-1785400},{"$f":"-E78","v":-1785400},-1785400,{"$f":"-G78","v":-1785400},-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-35708000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-35708000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-35708000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"FA5_FS2_SC2","index":26,"n_rows":117,"n_cols":23,"rows_kept":117,"cut":false,"hidden":true,"merged":[[1,1,1,13]]}
[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 5 Million Litres/year SCENARIO 2\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 5 MILLION LITRES/YEAR SCENARIO 2"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",5,{"$f":"C9","v":5},5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":5000000},{"$f":"+C10","v":5000000},5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,{"$f":"+S10","v":5000000},5000000,5000000,5000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":5000000},{"$f":"+C12","v":5000000},5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS2!$G$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS2!$G$100+COST_FS2!$G$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Equipments",{"$f":"+COST_FS2!$F76","v":7418000}]
[null,"Building",{"$f":"+COST_FS2!$F77","v":28290000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":28290000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":35708000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,28290000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":7141600}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":7.1416000000000004}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS2!$G$43","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS2!$G$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS2!$G$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS2!$G$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS2!$G$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS2!$G$80","v":1785400},1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS2!$G$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS2!$G$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS2!$G$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS2!$G$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":1785400},{"$f":"C78","v":1785400},{"$f":"D78","v":1785400},1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-35708000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-35708000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-1785400},{"$f":"-E78","v":-1785400},-1785400,{"$f":"-G78","v":-1785400},-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-35708000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-35708000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-35708000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

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[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 5 Million Litres/year SCENARIO 3\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 5 MILLION LITRES/YEAR SCENARIO 3"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",5,{"$f":"C9","v":5},5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":5000000},{"$f":"+C10","v":5000000},5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,{"$f":"+S10","v":5000000},5000000,5000000,5000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":5000000},{"$f":"+C12","v":5000000},5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS2!$G$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS2!$G$100+COST_FS2!$G$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Equipments",{"$f":"+COST_FS2!$F76","v":7418000}]
[null,"Building",{"$f":"+COST_FS2!$F77","v":28290000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":28290000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":35708000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,28290000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":7141600}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":7.1416000000000004}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS2!$G$44","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS2!$G$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS2!$G$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS2!$G$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS2!$G$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS2!$G$80","v":1785400},1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS2!$G$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS2!$G$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS2!$G$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS2!$G$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":1785400},{"$f":"C78","v":1785400},{"$f":"D78","v":1785400},1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-35708000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-35708000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-1785400},{"$f":"-E78","v":-1785400},-1785400,{"$f":"-G78","v":-1785400},-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-35708000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-35708000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-35708000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"FA25_FS2_SC1","index":28,"n_rows":117,"n_cols":23,"rows_kept":117,"cut":false,"hidden":true,"merged":[[1,1,1,13]]}
[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 25 Million Litres/year SCENARIO 1\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 25 MILLION LITRES/YEAR SCENARIO 1"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",25,{"$f":"C9","v":25},25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":25000000},{"$f":"+C10","v":25000000},25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,{"$f":"+S10","v":25000000},25000000,25000000,25000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":25000000},{"$f":"+C12","v":25000000},25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS2!$I$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS2!$I$100+COST_FS2!$I$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Equipments",{"$f":"+COST_FS2!$H76","v":19482000}]
[null,"Building",{"$f":"+COST_FS2!$H77","v":74303000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":74303000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":93785000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,74303000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":3751400}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":3.7513999999999998}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS2!$I$42","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS2!$I$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS2!$I$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS2!$I$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS2!$I$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS2!$I$80","v":4689250},4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS2!$I$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS2!$I$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS2!$I$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS2!$I$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":4689250},{"$f":"C78","v":4689250},{"$f":"D78","v":4689250},4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-93785000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-93785000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-4689250},{"$f":"-E78","v":-4689250},-4689250,{"$f":"-G78","v":-4689250},-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-93785000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-93785000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-93785000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

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[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 25 Million Litres/year SCENARIO 2\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 25 MILLION LITRES/YEAR SCENARIO 2"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",25,{"$f":"C9","v":25},25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":25000000},{"$f":"+C10","v":25000000},25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,{"$f":"+S10","v":25000000},25000000,25000000,25000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":25000000},{"$f":"+C12","v":25000000},25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS2!$I$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS2!$I$100+COST_FS2!$I$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Equipments",{"$f":"+COST_FS2!$H76","v":19482000}]
[null,"Building",{"$f":"+COST_FS2!$H77","v":74303000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":74303000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":93785000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,74303000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":3751400}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":3.7513999999999998}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS2!$I$43","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS2!$I$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS2!$I$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS2!$I$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS2!$I$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS2!$I$80","v":4689250},4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS2!$I$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS2!$I$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS2!$I$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS2!$I$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":4689250},{"$f":"C78","v":4689250},{"$f":"D78","v":4689250},4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-93785000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-93785000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-4689250},{"$f":"-E78","v":-4689250},-4689250,{"$f":"-G78","v":-4689250},-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-93785000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-93785000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-93785000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

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[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 25 Million Litres/year SCENARIO 3\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 25 MILLION LITRES/YEAR SCENARIO 3"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",25,{"$f":"C9","v":25},25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":25000000},{"$f":"+C10","v":25000000},25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,{"$f":"+S10","v":25000000},25000000,25000000,25000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":25000000},{"$f":"+C12","v":25000000},25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS2!$I$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS2!$I$100+COST_FS2!$I$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Equipments",{"$f":"+COST_FS2!$H76","v":19482000}]
[null,"Building",{"$f":"+COST_FS2!$H77","v":74303000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":74303000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":93785000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,74303000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":3751400}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":3.7513999999999998}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS2!$I$44","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS2!$I$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS2!$I$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS2!$I$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS2!$I$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS2!$I$80","v":4689250},4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS2!$I$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS2!$I$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS2!$I$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS2!$I$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":4689250},{"$f":"C78","v":4689250},{"$f":"D78","v":4689250},4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-93785000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-93785000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-4689250},{"$f":"-E78","v":-4689250},-4689250,{"$f":"-G78","v":-4689250},-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-93785000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-93785000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-93785000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"FA50_FS2_SC1","index":31,"n_rows":117,"n_cols":23,"rows_kept":117,"cut":false,"hidden":true,"merged":[[1,1,1,13]]}
[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 50 Million Litres/year SCENARIO 1\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 50 MILLION LITRES/YEAR SCENARIO 1"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",50,{"$f":"C9","v":50},50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":50000000},{"$f":"+C10","v":50000000},50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,{"$f":"+S10","v":50000000},50000000,50000000,50000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":50000000},{"$f":"+C12","v":50000000},50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS2!$K$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS2!$K$100+COST_FS2!$K$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Equipments",{"$f":"+COST_FS2!$J76","v":29528000}]
[null,"Building",{"$f":"+COST_FS2!$J77","v":112622000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":112622000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":142150000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,112622000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":2843000}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":2.843}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS2!$K$42","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS2!$K$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS2!$K$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS2!$K$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS2!$K$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS2!$K$80","v":7107500},7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS2!$K$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS2!$K$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS2!$K$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS2!$K$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":7107500},{"$f":"C78","v":7107500},{"$f":"D78","v":7107500},7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-142150000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-142150000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-7107500},{"$f":"-E78","v":-7107500},-7107500,{"$f":"-G78","v":-7107500},-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-142150000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-142150000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-142150000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

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[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 50 Million Litres/year SCENARIO 2\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 50 MILLION LITRES/YEAR SCENARIO 2"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",50,{"$f":"C9","v":50},50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":50000000},{"$f":"+C10","v":50000000},50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,{"$f":"+S10","v":50000000},50000000,50000000,50000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":50000000},{"$f":"+C12","v":50000000},50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS2!$K$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS2!$K$100+COST_FS2!$K$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Equipments",{"$f":"+COST_FS2!$J76","v":29528000}]
[null,"Building",{"$f":"+COST_FS2!$J77","v":112622000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":112622000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":142150000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,112622000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":2843000}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":2.843}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS2!$K$43","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS2!$K$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS2!$K$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS2!$K$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS2!$K$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS2!$K$80","v":7107500},7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS2!$K$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS2!$K$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS2!$K$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS2!$K$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":7107500},{"$f":"C78","v":7107500},{"$f":"D78","v":7107500},7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-142150000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-142150000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-7107500},{"$f":"-E78","v":-7107500},-7107500,{"$f":"-G78","v":-7107500},-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-142150000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-142150000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-142150000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"FA50_FS2_SC3","index":33,"n_rows":117,"n_cols":23,"rows_kept":117,"cut":false,"hidden":true,"merged":[[1,1,1,13]]}
[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 50 Million Litres/year SCENARIO 3\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 50 MILLION LITRES/YEAR SCENARIO 3"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",50,{"$f":"C9","v":50},50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":50000000},{"$f":"+C10","v":50000000},50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,{"$f":"+S10","v":50000000},50000000,50000000,50000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":50000000},{"$f":"+C12","v":50000000},50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS2!$K$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS2!$K$100+COST_FS2!$K$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Equipments",{"$f":"+COST_FS2!$J76","v":29528000}]
[null,"Building",{"$f":"+COST_FS2!$J77","v":112622000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":112622000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":142150000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,112622000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":2843000}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":2.843}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS2!$K$43","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS2!$K$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS2!$K$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS2!$K$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS2!$K$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS2!$K$80","v":7107500},7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS2!$K$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS2!$K$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS2!$K$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS2!$K$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":7107500},{"$f":"C78","v":7107500},{"$f":"D78","v":7107500},7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-142150000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-142150000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-7107500},{"$f":"-E78","v":-7107500},-7107500,{"$f":"-G78","v":-7107500},-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-142150000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-142150000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-142150000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

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[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 100 Million Litres/year SCENARIO 1\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 100 MILLION LITRES/YEAR SCENARIO 1"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",100,{"$f":"C9","v":100},100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":100000000},{"$f":"+C10","v":100000000},100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,{"$f":"+S10","v":100000000},100000000,100000000,100000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":100000000},{"$f":"+C12","v":100000000},100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS2!$M$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"T17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS2!$M$100+COST_FS2!$M$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Equipments",{"$f":"+COST_FS2!$L76","v":44757000}]
[null,"Building",{"$f":"+COST_FS2!$L77","v":170703000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":170703000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":215460000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,170703000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":2154600}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":2.1545999999999998}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS2!$K$42","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS2!$M$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS2!$M$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS2!$M$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS2!$M$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS2!$M$80","v":10773000},10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS2!$M$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS2!$M$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS2!$M$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS2!$M$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":10773000},{"$f":"C78","v":10773000},{"$f":"D78","v":10773000},10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-215460000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-215460000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-10773000},{"$f":"-E78","v":-10773000},-10773000,{"$f":"-G78","v":-10773000},-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-215460000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-215460000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-215460000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

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[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 100 Million Litres/year SCENARIO 1\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 100 MILLION LITRES/YEAR SCENARIO 1"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",100,{"$f":"C9","v":100},100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":100000000},{"$f":"+C10","v":100000000},100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,{"$f":"+S10","v":100000000},100000000,100000000,100000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":100000000},{"$f":"+C12","v":100000000},100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS2!$M$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"T17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS2!$M$100+COST_FS2!$M$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Equipments",{"$f":"+COST_FS2!$L76","v":44757000}]
[null,"Building",{"$f":"+COST_FS2!$L77","v":170703000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":170703000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":215460000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,170703000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":2154600}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":2.1545999999999998}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS2!$K$43","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS2!$M$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS2!$M$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS2!$M$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS2!$M$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS2!$M$80","v":10773000},10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS2!$M$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS2!$M$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS2!$M$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS2!$M$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":10773000},{"$f":"C78","v":10773000},{"$f":"D78","v":10773000},10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-215460000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-215460000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-10773000},{"$f":"-E78","v":-10773000},-10773000,{"$f":"-G78","v":-10773000},-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-215460000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-215460000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-215460000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"FA100_FS2_SC3","index":36,"n_rows":117,"n_cols":23,"rows_kept":117,"cut":false,"hidden":true,"merged":[[1,1,1,13]]}
[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 100 Million Litres/year SCENARIO 1\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 100 MILLION LITRES/YEAR SCENARIO 1"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",100,{"$f":"C9","v":100},100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":100000000},{"$f":"+C10","v":100000000},100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,{"$f":"+S10","v":100000000},100000000,100000000,100000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":100000000},{"$f":"+C12","v":100000000},100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS2!$M$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS2!$M$100+COST_FS2!$M$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Equipments",{"$f":"+COST_FS2!$L76","v":44757000}]
[null,"Building",{"$f":"+COST_FS2!$L77","v":170703000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":170703000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":215460000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,170703000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":2154600}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":2.1545999999999998}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS2!$K$44","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS2!$M$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS2!$M$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS2!$M$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS2!$M$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS2!$M$80","v":10773000},10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS2!$M$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS2!$M$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS2!$M$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS2!$M$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":10773000},{"$f":"C78","v":10773000},{"$f":"D78","v":10773000},10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-215460000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-215460000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-10773000},{"$f":"-E78","v":-10773000},-10773000,{"$f":"-G78","v":-10773000},-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-215460000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-215460000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-215460000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"PRICE_RES3","index":37,"n_rows":48,"n_cols":22,"rows_kept":48,"cut":false,"hidden":true,"merged":[[2,2,2,9],[5,2,5,3],[5,4,5,6],[12,2,13,9],[25,3,25,7]]}
[]
[]
[null,null,{"$f":"+\"COLLECTION COSTS CALCULATOR FOR \"&UPPER('Data Entry Needs'!$G$11)","v":"COLLECTION COSTS CALCULATOR FOR  "},null,null,null,null,null,null,null,null,null,null,null,null,"Sources of biomass","No.","Selection2","Number","Mechanized","Number of skilled workers","person-hour/ha"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Agriculture residues spread in the field",1,{"$f":"+$F$11","v":"Semi-mechanized"},null,"Mechanized2","Skilled labour wage","USD/person-hour"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Agriculture residues collected from field",2,"Selection1",1,"Mechanized4","Average fuel economy","l/h"]
[null,null,"Use white cells to input data",null,"Grey cells are used for calculations",null,null,null,null,null,null,null,null,null,null,"Agriculture residues from food processing plant",3,{"$f":"+VLOOKUP($C$11,$P$3:$Q$10,2,FALSE)","v":1},2,"Mechanized5","Fuel price","USD/l"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Forestry ",4,null,3,"Semi-mechanized","Number of skilled workers","person-hour/ha"]
[null,null,"Biomass Collection Definition",null,null,null,null,null,null,null,null,null,null,null,null,"Forestry and plantation residues",5,null,4,"Semi-mechanized1","Number of unskilled workers","person-hour/ha"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Residues from wood industry",6,null,5,"Semi-mechanized2","Skilled labour wage","USD/person-hour"]
[null,null,"Sources of biomass",null,null,"Collecting method",null,null,null,null,null,null,null,null,null,"Dedicated wood energy plantation ",7,null,null,"Semi-mechanized3","Unskilled labour wage","USD/person-hour"]
[null,null,"Agriculture residues spread in the field",null,null,"Semi-mechanized",null,null,null,null,null,null,null,null,null,"Collection method",null,null,null,"Semi-mechanized4","Average fuel economy","l/h"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Mechanized",null,null,null,"Semi-mechanized5","Fuel Price","USD/l"]
[null,null,{"$f":"IF($R$6=7,\"Warning: Selecting this option you are assuming that briquette producer owns the wood plantation. Then, feedstock price is equal to production cost. \",IF(OR($R$6=1,$R$6=5,$R$6=4),\"Biomass Collection Definition\",\"Warning: Selecting this option you are assuming that this type of biomass is already collected. Then, only transportation cost should be considered. \"))","v":"Biomass Collection Definition"},null,null,null,null,null,null,null,null,null,null,null,null,"Semi-mechanized",null,null,null,"Manual","Number of unskilled workers","person-hour/ha"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Manual",null,null,null,"Manual2","Unskilled labour wage","USD/person-hour"]
[]
[null,null,"Biomass Price Definition"]
[null,null,"Labour cost","Quantity","Unit","Quantity",null,"Unit","Total","Unit"]
[null,null,{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S4,$T$3:$V$14,2,FALSE),\"\"),\"\")","v":"Number of skilled workers"},null,{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S4,$T$3:$V$23,3,FALSE),\"\"),\"\")","v":"person-hour/ha"},{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S6,$T$3:$V$14,2,FALSE),\"\"),\"\")","v":"Skilled labour wage"},{"$f":"IF(F18=\"\",\"\",IF(F18=\"unskilled labour wage\",'Data Entry Needs'!D45,IF(F18=\"skilled labour wage\",'Data Entry Needs'!$D$46)))","v":0},{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S6,$T$3:$V$20,3,FALSE),\"\"),\"\")","v":"USD/person-hour"},{"$f":"+IFERROR(G18*D18*IF($F$11=\"Manual\",(STORAGE_FS3!$F$38/STORAGE_FS3!$F$10)*(COST_FS3!$D$9/COST_FS3!$D$10),(COST_FS3!$D$9/COST_FS3!$D$10)*(STORAGE_FS3!$F$38/STORAGE_FS3!$F$10)),\"\")","v":""},{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"USD/year\",\"\")","v":"USD/year"}]
[null,null,{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S5,$T$3:$V$14,2,FALSE),\"\"),\"\")","v":"Number of unskilled workers"},null,{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S5,$T$3:$V$23,3,FALSE),\"\"),\"\")","v":"person-hour/ha"},{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S7,$T$3:$V$14,2,FALSE),\"\"),\"\")","v":"Unskilled labour wage"},{"$f":"IF(F19=\"\",\"\",'Data Entry Needs'!$D$45)","v":0},{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S7,$T$3:$V$27,3,FALSE),\"\"),\"\")","v":"USD/person-hour"},{"$f":"+IFERROR(G19*D19*IF($F$11=\"Manual\",(STORAGE_FS3!$F$38/STORAGE_FS3!$F$10)*(COST_FS3!$D$9/COST_FS3!$D$10),(COST_FS3!$D$9/COST_FS3!$D$10)*(STORAGE_FS3!$F$38/STORAGE_FS3!$F$10)),\"\")","v":""},{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"USD/year\",\"\")","v":"USD/year"}]
[null,null,null,{"$f":"+IF(AND(C18=\"\",C19=\"\"),0,IF(C18=\"\",D19,IF(C19=\"\",D18,D18+D19)))","v":0},null,null,null,{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"Subtotal\",\"\")","v":"Subtotal"},{"$f":"+SUMIF($I$18:$I$19,\">0\")","v":0},{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"USD/year\",\"\")","v":"USD/year"}]
[null,null,"Machinery & operating cost","Quantity","Unit","Quantity",null,"Unit","Total","Unit"]
[null,null,{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S8,$T$3:$V$14,2,FALSE),\"\"),\"\")","v":"Average fuel economy"},null,{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S8,$T$3:$V$27,3,FALSE),\"\"),\"\")","v":"l/h"},{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S9,$T$3:$V$14,2,FALSE),\"\"),\"\")","v":"Fuel Price"},{"$f":"IF(F22=\"\",\"\",'Data Entry Needs'!$D$50)","v":0},{"$f":"+IFERROR(VLOOKUP($R$4&$S9,$T$3:$V$14,3,FALSE),\"\")","v":"USD/l"},{"$f":"+IFERROR(G22*D22*IF($F$11=\"Manual\",0,$D$18*'Data Entry Needs'!$G$12/'Data Entry Needs'!$G$92),\"\")","v":""},{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"USD/year\",\"\")","v":"USD/year"}]
[null,null,null,null,null,null,null,{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"Subtotal\",\"\")","v":"Subtotal"},{"$f":"+I22","v":""},{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"USD/year\",\"\")","v":"USD/year"}]
[null,null,null,null,null,null,null,{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"Total\",\"\")","v":"Total"},{"$f":"IFERROR(I20+I23,I20)","v":0},{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"USD/year\",\"\")","v":"USD/year"}]
[]
[null,null,null,{"$f":"IF($R$6=7,\"Production cost of \",\"Collection price of \")&'Data Entry Needs'!$E$11","v":"Collection price of  "},null,null,null,null,{"$f":"IFERROR(I24/'Data Entry Needs'!$G$12,\"\")","v":""},"USD/ton"]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Collection Method","Efficiency Factor"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Mechanized",1]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Semi-Mechanized",1]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Manual",1]

{"sheet":"STORAGE_FS3","index":38,"n_rows":92,"n_cols":37,"rows_kept":92,"cut":false,"hidden":true,"merged":[[21,5,21,14],[7,5,7,14],[2,2,2,15]]}
[]
[]
[null,null,{"$f":"+UPPER(\"Biomass storage calculation for \"&'Data Entry Needs'!$G$11)","v":"BIOMASS STORAGE CALCULATION FOR  "}]
[]
[null,null,"Biomass Safety Stock Rate Definition"]
[]
[]
[null,null,null,null,null,"Capacities (Million litres per year)"]
[null,null,null,"Unit",null,5,null,null,25,null,null,50,null,null,100]
[null,null,"Biomass consumption","t/year",null,{"$f":"+COST_FS3!$G$17","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+COST_FS3!$G$18","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+COST_FS3!$G$19","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+COST_FS3!$G$20","v":{"$error":"#DIV/0!"}}]
[null,null,null,"t/month",null,{"$f":"F10/12","v":{"$error":"#DIV/0!"}},null,null,{"$f":"I10/12","v":{"$error":"#DIV/0!"}},null,null,{"$f":"L10/12","v":{"$error":"#DIV/0!"}},null,null,{"$f":"O10/12","v":{"$error":"#DIV/0!"}}]
[null,null,null,"kg/day",null,{"$f":"F10/365","v":{"$error":"#DIV/0!"}},null,null,{"$f":"I10/365","v":{"$error":"#DIV/0!"}},null,null,{"$f":"L10/365","v":{"$error":"#DIV/0!"}},null,null,{"$f":"O10/365","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Biomass production within a specific distance","t/year",null,{"$f":"+COST_FS3!$D$9","v":0},null,null,{"$f":"F14","v":0},null,null,{"$f":"I14","v":0},null,null,{"$f":"L14","v":0}]
[]
[null,null,"Biomass safety stock rate",null,null,{"$f":"+F17/100","v":0.3},{"$f":"+G17/100","v":0},0,0.3,0,0,0.3,0,0,0.3]
[null,null,null,null,null,30,null,null,30,null,null,30,null,null,30]
[null,null,"Biomass stock pile capacity","t",null,{"$f":"+MAX(F25:F36)","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+MAX(I25:I36)","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+MAX(L25:L36)","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+MAX(O25:O36)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Maximum Storage Definition"]
[]
[null,null,null,null,null,"Capacities (Million litres per year)"]
[null,null,null,null,null,5,null,null,25,null,null,50,null,null,100,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Depletion time definition"]
[null,null,"Harvest Month Selection","Storage Month","Monthly Consumption (t/month)","Cumulative  Storage (ton)","Storage Depletion (t/month)","Monthly Consumption (t/month)","Cumulative  Storage (ton)","Storage Depletion (t/month)","Monthly Consumption (t/month)","Cumulative  Storage (ton)","Storage Depletion (t/month)","Monthly Consumption (t/month)","Cumulative  Storage (ton)","Storage Depletion (t/month)",null,null,null,null,null,null,null,null,null,null,null,"Harvest Period ","Harvest Period ","Depletion term","Depletion month","EQ term","Depletion time","Storageterm","Storage month","EQ term","Storage time"]
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[null,null,"February",{"$f":"+IF($AC26=0,0,IF($AC26>$AC25,1,IF($AC26=$AC25,$D25+1,IF($AC25>$AC26,0))))","v":2},{"$error":"#DIV/0!"},{"$f":"IF($D26>0,($AG26*$F$11/$AK26)*$D26+$F$11*$F$16,0)","v":{"$error":"#DIV/0!"}},{"$f":"+IF($D26>0,IFERROR(($AG26*$F$11/$AK26)*$D26,\"\")+$F$11*$F$16,IF($D26=0,G25-E26))","v":{"$error":"#VALUE!"}},{"$error":"#DIV/0!"},{"$f":"IF($D26>0,($AG26*$I$11/$AK26)*$D26+$I$11*$I$16,0)","v":{"$error":"#DIV/0!"}},{"$f":"+IF($D26>0,IFERROR(($AG26*$I$11/$AK26)*$D26,\"\")+$I$11*$I$16,IF($D26=0,J25-H26))","v":{"$error":"#VALUE!"}},{"$error":"#DIV/0!"},{"$f":"IF($D26>0,($AG26*$L$11/$AK26)*$D26+$L$11*$L$16,0)","v":{"$error":"#DIV/0!"}},{"$f":"+IF($D26>0,IFERROR(($AG26*$L$11/$AK26)*$D26,\"\")+$L$11*$L$16,IF($D26=0,M25-K26))","v":{"$error":"#VALUE!"}},{"$error":"#DIV/0!"},{"$f":"IF($D26>0,($AG26*$O$11/$AK26)*$D26+$O$11*$O$16,0)","v":{"$error":"#DIV/0!"}},{"$f":"+IF($D26>0,IFERROR(($AG26*$O$11/$AK26)*$D26,\"\")+$O$11*$O$16,IF($D26=0,P25-N26))","v":{"$error":"#VALUE!"}},null,null,null,null,null,null,null,null,null,null,null,true,{"$f":"+N(AB26)","v":1},{"$f":"+IF(AND(AC27>AC26,AC26=0),\"Last\"&AF26,\"\")","v":""},{"$f":"+IF($AC26=1,0,IF($AC26<$AC25,1,IF($AC26=$AC25,$AE25+1,IF($AC25>$AC26,1))))","v":0},{"$f":"+IF($AE25>$AE26,$AF25+1,$AF25)","v":1},{"$f":"IFERROR(VLOOKUP(\"LAST\"&AF26,$AD$25:$AE$36,2,FALSE),$AG$25)","v":7},{"$f":"+IF(AND(AI26>AI27,AI27=0),\"Last\"&AJ26,\"\")","v":""},{"$f":"+IF($AC26=0,0,IF($AC26>$AC25,1,IF($AC26=$AC25,$AI25+1,IF($AC25>$AC26,0))))","v":2},{"$f":"+IF($AI25>$AI26,$AJ25+1,$AJ25)","v":1},5]
[null,null,"March",3,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,true,1,{"$f":"+IF(AND(AC28>AC27,AC27=0),\"Last\"&AF27,\"\")","v":""},0,1,7,{"$f":"+IF(AND(AI27>AI28,AI28=0),\"Last\"&AJ27,\"\")","v":""},3,1,5]
[null,null,"April",4,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,true,1,{"$f":"+IF(AND(AC29>AC28,AC28=0),\"Last\"&AF28,\"\")","v":""},0,1,7,{"$f":"+IF(AND(AI28>AI29,AI29=0),\"Last\"&AJ28,\"\")","v":""},4,1,5]
[null,null,"May",5,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,true,1,"",0,1,7,{"$f":"+IF(AND(AI29>AI30,AI30=0),\"Last\"&AJ29,\"\")","v":"Last1"},5,1,5]
[null,null,"June",0,{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,false,0,"",1,1,7,"",0,2,5]
[null,null,"July",0,{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,false,0,"",2,1,7,"",0,2,5]
[null,null,"August",0,{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,false,0,"",3,1,7,"",0,2,5]
[null,null,"September",0,{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,false,0,"",4,1,7,"",0,2,5]
[null,null,"October",0,{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,false,0,"",5,1,7,"",0,2,5]
[null,null,"November",0,{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,false,0,"",6,1,7,"",0,2,5]
[null,null,"December",0,{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,false,0,{"$f":"+IF(AND(AC25>AC36,AC36=0),\"Last\"&AF36,\"\")","v":"Last1"},7,1,7,{"$f":"+IF(AND(AI36>AI25,AI25=0),\"Last\"&AJ36,\"\")","v":""},0,2,5]
[]
[null,null,"Maximum Storage Capacity Required (ton)",null,null,{"$f":"+ROUNDUP(MAX(F24:F35),0)","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+ROUNDUP(MAX(I24:I35),0)","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+ROUNDUP(MAX(L24:L35),0)","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+ROUNDUP(MAX(O24:O35),0)","v":{"$error":"#DIV/0!"}}]
[null,null,"Minimum Safety Storage (ton)",null,null,{"$f":"+ROUNDUP(MIN(G24:G35),0)","v":{"$error":"#VALUE!"}},null,null,{"$f":"+ROUNDUP(MIN(J24:J35),0)","v":{"$error":"#VALUE!"}},null,null,{"$f":"+ROUNDUP(MIN(M24:M35),0)","v":{"$error":"#VALUE!"}},null,null,{"$f":"+ROUNDUP(MIN(P24:P35),0)","v":{"$error":"#VALUE!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"No. Storage Months",{"$f":"+COUNTIF(AC25:AC36,\">0\")","v":5}]
[null,null,"Monthly Consumption of Biomass Stocked",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total Depletion Period",{"$f":"12-AC40","v":7}]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
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[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"5&\" (ML/year)\"","v":"5 (ML/year)"},{"$f":"25&\" (ML/year)\"","v":"25 (ML/year)"},{"$f":"50&\" (ML/year)\"","v":"50 (ML/year)"},{"$f":"100&\" (ML/year)\"","v":"100 (ML/year)"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+LEFT(C25,3)","v":"Jan"},{"$f":"+G25","v":{"$error":"#VALUE!"}},{"$f":"+J25","v":{"$error":"#VALUE!"}},{"$f":"+M25","v":{"$error":"#VALUE!"}},{"$f":"+P25","v":{"$error":"#VALUE!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feb",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Mar",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Apr",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"May",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Jun",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+LEFT(C31,3)","v":"Jul"},{"$f":"+G31","v":{"$error":"#VALUE!"}},{"$f":"+J31","v":{"$error":"#VALUE!"}},{"$f":"+M31","v":{"$error":"#VALUE!"}},{"$f":"+P31","v":{"$error":"#VALUE!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Aug",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sep",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Oct",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Nov",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Dec",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]

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[]
[]
[null,null,null,{"$f":"UPPER(\"GHG EMISSIONS FOR 2G ETHANOL PRODUCTION FROM \"&'Data Entry Needs'!$F$11&\"\")","v":"GHG EMISSIONS FOR 2G ETHANOL PRODUCTION FROM  "}]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,"Feedstock Production Emissions"]
[]
[]
[null,null,null,"Step 1: Input Emissions for Crop/Residue Production "]
[]
[null,null,null,null,null,{"$f":"\"kgCO2eq/kg \"&$E$20","v":"kgCO2eq/kg  "}]
[null,null,null,null,null,"Own Production","Outgrowers"]
[null,null,null,"Feedstock",{"$f":"+'Data Entry Needs'!$F$11","v":" "}]
[]
[null,null,null,null,"tCO2eq/year"]
[null,null,null,null,"Scenario 1","Scenario 2","Scenario 3"]
[null,null,null,null,{"$f":"+COST_FS2!$C$25","v":"Description: 100% of   feedstock collected on site"},{"$f":"+COST_FS2!$F$25","v":"Description: 60% of   feedstock produced directly by processing plant, and 40% provided by outgrowers at market price."},{"$f":"+COST_FS2!$J$25","v":"Description: 100% of   feedstock is provided by outgrowers at market price."},null,{"$f":"COST_FS3!AC139","v":60}]
[null,null,null,"5 ML",{"$f":"$F$20*COST_FS2!$F$42","v":{"$error":"#DIV/0!"}},{"$f":"$F$20*COST_FS2!$F$42*($I$24/100)+$G$20*COST_FS2!$F$42*(1-$I$24/100)","v":{"$error":"#DIV/0!"}},{"$f":"$G$20*COST_FS2!$F$42","v":{"$error":"#DIV/0!"}}]
[null,null,null,"25 ML",{"$f":"$F$20*COST_FS2!$H$42","v":{"$error":"#DIV/0!"}},{"$f":"$F$20*COST_FS2!$H$42*($I$24/100)+$G$20*COST_FS2!$H$42*(1-$I$24/100)","v":{"$error":"#DIV/0!"}},{"$f":"$G$20*COST_FS2!$H$42","v":{"$error":"#DIV/0!"}}]
[null,null,null,"50 ML",{"$f":"$F$20*COST_FS2!$J$42","v":{"$error":"#DIV/0!"}},{"$f":"$F$20*COST_FS2!$J$42*($I$24/100)+$G$20*COST_FS2!$J$42*(1-$I$24/100)","v":{"$error":"#DIV/0!"}},{"$f":"$G$20*COST_FS2!$J$42","v":{"$error":"#DIV/0!"}}]
[null,null,null,"100ML",{"$f":"$F$20*COST_FS2!$L$42","v":{"$error":"#DIV/0!"}},{"$f":"$F$20*COST_FS2!$L$42*($I$24/100)+$G$20*COST_FS2!$L$42*(1-$I$24/100)","v":{"$error":"#DIV/0!"}},{"$f":"$G$20*COST_FS2!$L$42","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[null,null,"Feedstock and Residues Transportation"]
[]
[]
[null,null,null,"Step 2: Input transportation distances for residues"]
[]
[null,null,null,"Feedstock Transported",null,{"$f":"+'Data Entry Needs'!$F$11","v":" "},null,null,"Residues Transported",null,{"$f":"+VLOOKUP($F$37,$T$325:$V$340,2,FALSE)","v":{"$error":"#N/A"}}]
[null,null,null,"Mean of Transport",null,{"$f":"+VLOOKUP($F$37,$Q$325:$R$340,2,FALSE)","v":{"$error":"#N/A"}},null,null,"Mean of Transport",null,{"$f":"+VLOOKUP($F$37,$T$325:$V$340,3,FALSE)","v":{"$error":"#N/A"}}]
[]
[]
[null,null,null,"Plants","Quantity (t/year)","Distance (km)","tCO2eq/year",null,"Plants","Quantity (t/year)","Distance (km)","tCO2eq/year"]
[null,null,null,"5 ML",{"$f":"+COST_FS2!$G17","v":{"$error":"#DIV/0!"}},{"$f":"+COST_FS2!$D17","v":0},{"$f":"+VLOOKUP($F$38,$Q$239:$V$248,6,FALSE)*E42*F42","v":{"$error":"#N/A"}},null,"5 ML",{"$f":"X329*1000","v":{"$error":"#DIV/0!"}},null,{"$f":"VLOOKUP($K$38,$Q$239:$V$248,6,FALSE)*J42*K42","v":{"$error":"#N/A"}}]
[null,null,null,"25 ML",{"$f":"+COST_FS2!$G18","v":{"$error":"#DIV/0!"}},{"$f":"+COST_FS2!$D18","v":0},{"$f":"+VLOOKUP($F$38,$Q$239:$V$248,6,FALSE)*E43*F43","v":{"$error":"#N/A"}},null,"25 ML",{"$f":"Y329*1000","v":{"$error":"#DIV/0!"}},null,{"$f":"VLOOKUP($K$38,$Q$239:$V$248,6,FALSE)*J43*K43","v":{"$error":"#N/A"}}]
[null,null,null,"50 ML",{"$f":"+COST_FS2!$G19","v":{"$error":"#DIV/0!"}},{"$f":"+COST_FS2!$D19","v":0},{"$f":"+VLOOKUP($F$38,$Q$239:$V$248,6,FALSE)*E44*F44","v":{"$error":"#N/A"}},null,"50 ML",{"$f":"Z329*1000","v":{"$error":"#DIV/0!"}},null,{"$f":"VLOOKUP($K$38,$Q$239:$V$248,6,FALSE)*J44*K44","v":{"$error":"#N/A"}}]
[null,null,null,"100 ML",{"$f":"+COST_FS2!$G20","v":{"$error":"#DIV/0!"}},{"$f":"+COST_FS2!$D20","v":0},{"$f":"+VLOOKUP($F$38,$Q$239:$V$248,6,FALSE)*E45*F45","v":{"$error":"#N/A"}},null,"100 ML",{"$f":"AA329*1000","v":{"$error":"#DIV/0!"}},null,{"$f":"VLOOKUP($K$38,$Q$239:$V$248,6,FALSE)*J45*K45","v":{"$error":"#N/A"}}]
[]
[]
[null,null,null,"Biofuel Processing Emissions"]
[]
[]
[null,null,null,{"$f":"\"Annual Energy Consumption for Ethanol Production\"","v":"Annual Energy Consumption for Ethanol Production"},null,null,null,null,"Capacities (Million L/year)"]
[null,null,null,"Consumption before integration with cogeneration system",null,null,"Unit",null,5,25,50,100]
[null,null,null,"Heating (Steam)",null,null,"1000 MJ/year",null,{"$f":"X338","v":{"$error":"#DIV/0!"}},{"$f":"Y338","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,"Electricity Consumption",null,null,"1000 kWh/year",null,{"$f":"X339","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
[]
[null,null,null,"Step 3: Select an option to supply energy",null,null,null,null,{"$f":"+IF(NOT($D$60),\"Method 1: All energy consumption(heat and electricity) of processing plant is supplied using external sources: fossil fuels, and/or electricity from central grid.\",\"Method 2: All energy consumption(heat and electricity) of processing plant is supplied using a cogeneration system fueled using either biomass  or fossil fuels\")","v":"Method 2: All energy consumption(heat and electricity) of processing plant is supplied using a cogeneration system fueled using either biomass  or fossil fuels"}]
[]
[null,null,null,true]
[]
[]
[null,null,null,"Method 1: Energy supplied with fossil fuels"]
[]
[null,null,null,"Step 3.1: Select how external energy is supplied"]
[null,null,null,null,null,null,null,false]
[null,null,null,null,null,null,null,1]
[null,null,null,null,null,{"$f":"+IF($F$69=\"USER defined\",TRUE,FALSE)","v":false},null,null,null,null,{"$f":"+NOT(F68)","v":true}]
[null,null,null,"Origin of Electricity Emissions",null,"Default by Country","Colombia",{"$f":"+IF($K$68,$I$69,$K$69)","v":175},{"$f":"IFERROR(VLOOKUP($G$69,'dummy database'!$A$28:$B$161,2,FALSE),\"\")","v":175},"gCO2/kWh",10,"gCO2/kWh"]
[]
[null,null,null,null,null,null,null,null,"Capacities (Million L/year)"]
[null,null,null,null,null,null,null,null,5,25,50,100]
[null,null,null,{"$f":"IF($K$68,\"Emissions from Electricity Production in \"&$G$69,\"Emissions from Electricity Production \"&$F$69)","v":"Emissions from Electricity Production in Colombia"},null,null,"tCO2eq/year",null,{"$f":"IF($H$66,0,$H$69*I$54/1000)","v":{"$error":"#DIV/0!"}},{"$f":"IF($H$66,0,$H$69*J$54/1000)","v":{"$error":"#DIV/0!"}},{"$f":"IF($H$66,0,$H$69*K$54/1000)","v":{"$error":"#DIV/0!"}},{"$f":"IF($H$66,0,$H$69*L$54/1000)","v":{"$error":"#DIV/0!"}}]
[null,null,null,"Fossil fuel Source",null,null,"Unit",null,"Natural Gas","Natural Gas","Natural Gas","Natural Gas"]
[null,null,null,"Calorific Value",null,null,"MJ/kg",null,{"$f":"+IFERROR(VLOOKUP(I$74,GHG_FS2!$Q$261:$T$277,2,FALSE),\"?\")","v":48},{"$f":"+IFERROR(VLOOKUP(J$74,GHG_FS2!$Q$261:$T$277,2,FALSE),\"?\")","v":48},{"$f":"+IFERROR(VLOOKUP(K$74,GHG_FS2!$Q$261:$T$277,2,FALSE),\"?\")","v":48},{"$f":"+IFERROR(VLOOKUP(L$74,GHG_FS2!$Q$261:$T$277,2,FALSE),\"?\")","v":48}]
[null,null,null,"Fossil Fuel Requirement",null,null,"t/year",null,{"$f":"IF(NOT($H$66),I$53/(I75*$X$245),(I$53/(I75*$X$245)+3.6*I$54/(I75*$X$246)))","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($H$66),J$53/(J75*$X$245),(J$53/(J75*$X$245)+3.6*J$54/(J75*$X$246)))","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($H$66),K$53/(K75*$X$245),(K$53/(K75*$X$245)+3.6*K$54/(K75*$X$246)))","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($H$66),L$53/(L75*$X$245),(L$53/(L75*$X$245)+3.6*L$54/(L75*$X$246)))","v":{"$error":"#DIV/0!"}}]
[null,null,null,{"$f":"IF(NOT($H$66),\"Emissions from Heat Production using Fossil Fuels\",\"Total Emissions from Energy Production using Fossil Fuels\")","v":"Emissions from Heat Production using Fossil Fuels"},null,null,"tCO2eq/year",null,{"$f":"VLOOKUP(I$74,$Q$262:$T$277,4,FALSE)*IF(NOT($H$66),I$53/$X$245,(I$53/$X$245+3.6*I54/$X$246))","v":{"$error":"#DIV/0!"}},{"$f":"VLOOKUP(J$74,$Q$262:$T$277,4,FALSE)*IF(NOT($H$66),J$53/$X$245,(J$53/$X$245+3.6*J54/$X$246))","v":{"$error":"#DIV/0!"}},{"$f":"VLOOKUP(K$74,$Q$262:$T$277,4,FALSE)*IF(NOT($H$66),K$53/$X$245,(K$53/$X$245+3.6*K54/$X$246))","v":{"$error":"#DIV/0!"}},{"$f":"VLOOKUP(L$74,$Q$262:$T$277,4,FALSE)*IF(NOT($H$66),L$53/$X$245,(L$53/$X$245+3.6*L54/$X$246))","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,"Total emissions",null,null,"tCO2eq/year",null,{"$f":"IF(NOT($H$66),I77+I73,I77)","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($H$66),J77+J73,J77)","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($H$66),K77+K73,K77)","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($H$66),L77+L73,L77)","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,null,"Method 2: Self-generated Energy"]
[]
[null,null,null,"Step 3.2a:  Technology level for energy production"]
[]
[]
[null,null,null,"Technology Level for Cogeneration",null,{"$f":"'Data Entry Needs'!F26","v":"Simple"}]
[null,null,null,null,null,null,null,null,null,"Total Thermal Efficency",{"$f":"VLOOKUP($F$99,$Q$254:$V$256,5,FALSE)","v":0.2}]
[null,null,null,"Technology",{"$f":"IFERROR(VLOOKUP($F$99,$Q$254:$R$256,2,FALSE),\"\")","v":"Condensing Turbine"},null,null,null,null,"Effective Electrical Efficiency",{"$f":"IFERROR(VLOOKUP($F$99,$Q$254:$V$256,6,FALSE),\"\")","v":0.2}]
[null,null,null,"Product",{"$f":"IFERROR(VLOOKUP($F$99,$Q$254:$S$256,3,FALSE),\"\")","v":"Power Only"}]
[]
[null,null,null,"Fuel Type","Solids residues from ethanol production"]
[]
[]
[]
[null,null,null,"Step 3.2b: define biomas available"]
[]
[null,null,null,{"$f":"\"Lignin Available from \"&'Data Entry Needs'!$E$11","v":"Lignin Available from  "}]
[null,null,null,null,null,null,null,null,null,{"$f":"+IF($F$111=\"Use Fossil Fuel\",\"Select Fossil Fuel\",\"\")","v":""}]
[]
[null,null,null,"Average Calorific value ",null,{"$f":"AD332","v":{"$error":"#DIV/0!"}},"MJ/kg",null,"Capacities (Million L/year)"]
[null,null,null,null,null,null,null,null,5,25,50,100]
[null,null,null,null,null,null,"Unit"]
[null,null,null,"Solid Residues Potentially Available",null,null,"t/year",null,{"$f":"AD331*1000","v":{"$error":"#DIV/0!"}},{"$f":"AE331*1000","v":{"$error":"#DIV/0!"}},{"$f":"AF331*1000","v":{"$error":"#DIV/0!"}},{"$f":"AG331*1000","v":{"$error":"#DIV/0!"}}]
[null,null,null,"Energy Theoretical Potential ",null,null,"1000 MJ/yr",null,{"$f":"I116*$F$113","v":{"$error":"#DIV/0!"}},{"$f":"J116*$F$113","v":{"$error":"#DIV/0!"}},{"$f":"K116*$F$113","v":{"$error":"#DIV/0!"}},{"$f":"L116*$F$113","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,"Heat","Cogenerated",null,"1000 MJ/yr",null,{"$f":"AD340","v":{"$error":"#DIV/0!"}},{"$f":"AE340","v":{"$error":"#DIV/0!"}},{"$f":"AF340","v":{"$error":"#DIV/0!"}},{"$f":"AG340","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,"Demand Supplied",null,"%",null,{"$f":"IFERROR(IF(I$119/I$53>1,\"fullly supplied\",I$119/(I$53)),\"\")","v":""},{"$f":"IFERROR(IF(J$119/J$53>1,\"fullly supplied\",J$119/(J$53)),\"\")","v":""},{"$f":"IFERROR(IF(K$119/K$53>1,\"fullly supplied\",K$119/(K$53)),\"\")","v":""},{"$f":"IFERROR(IF(L$119/L$53>1,\"fullly supplied\",L$119/(L$53)),\"\")","v":""}]
[]
[null,null,null,"Electricity","Cogenerated",null,"1000 kWh/yr",null,{"$f":"AD339","v":{"$error":"#DIV/0!"}},{"$f":"AE339","v":{"$error":"#DIV/0!"}},{"$f":"AF339","v":{"$error":"#DIV/0!"}},{"$f":"AG339","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,"Demand Supplied",null,"%",null,{"$f":"IFERROR(IF(I$122/I$54>1,\"Surplus\",I$122/(I$54)),\"\")","v":""},{"$f":"IFERROR(IF(J$122/J$54>1,\"Surplus\",J$122/(J$54)),\"\")","v":""},{"$f":"IFERROR(IF(K$122/K$54>1,\"Surplus\",K$122/(K$54)),\"\")","v":""},{"$f":"IFERROR(IF(L$122/L$54>1,\"Surplus\",L$122/(L$54)),\"\")","v":""}]
[]
[null,null,null,"External fossil fuel requirement for heating",null,null,"%",null,{"$f":"+IF(I120<=1,(1-I120),0%)","v":0},{"$f":"+IF(J120<=1,(1-J120),0%)","v":0},{"$f":"+IF(K120<=1,(1-K120),0%)","v":0},{"$f":"+IF(L120<=1,(1-L120),0%)","v":0}]
[null,null,null,"External fossil fuel requirement for electricity",null,null,"%",null,{"$f":"+IF(I123<=1,(1-I123),0%)","v":0},{"$f":"+IF(J123<=1,(1-J123),0%)","v":0},{"$f":"+IF(K123<=1,(1-K123),0%)","v":0},{"$f":"+IF(L123<=1,(1-L123),0%)","v":0}]
[]
[]
[]
[null,null,null,"Step 3.2c: define a suplementary fuel to complete energy demand"]
[]
[null,null,null,null,null,null,null,null,"Capacities (Million L/year)"]
[null,null,null,"Co-firing Options",null,null,null,null,5,25,50,100]
[null,null,null,null,null,null,null,null,{"$f":"+IF(AND(I125=0%,I126=0%),\"Not needed\",\"select a fuel\")","v":"Not needed"},{"$f":"+IF(AND(J125=0%,J126=0%),\"Not needed\",\"select a fuel\")","v":"Not needed"},{"$f":"+IF(AND(K125=0%,K126=0%),\"Not needed\",\"select a fuel\")","v":"Not needed"},{"$f":"+IF(AND(L125=0%,L126=0%),\"Not needed\",\"select a fuel\")","v":"Not needed"}]
[null,null,null,"Suplementary fossil fuel source",null,null,"Unit",null,"Natural Gas","Natural Gas","Natural Gas","Natural Gas"]
[null,null,null,"Calorific Value",null,null,"MJ/kg",null,{"$f":"+IFERROR(VLOOKUP(I$135,GHG_FS2!$Q$261:$T$277,2,FALSE),\"\")","v":48},{"$f":"+IFERROR(VLOOKUP(J$135,GHG_FS2!$Q$261:$T$277,2,FALSE),\"\")","v":48},{"$f":"+IFERROR(VLOOKUP(K$135,GHG_FS2!$Q$261:$T$277,2,FALSE),\"\")","v":48},{"$f":"+IFERROR(VLOOKUP(L$135,GHG_FS2!$Q$261:$T$277,2,FALSE),\"\")","v":48}]
[null,null,null,"Additional Fossil Fuel Demand",null,null,"t/year",null,{"$f":"IF(OR($F$99=\"No Cogeneration\",$F$99=\"Simple\"),R355,R350)","v":{"$error":"#DIV/0!"}},{"$f":"IF(OR($F$99=\"No Cogeneration\",$F$99=\"Simple\"),S355,S350)","v":{"$error":"#DIV/0!"}},{"$f":"IF(OR($F$99=\"No Cogeneration\",$F$99=\"Simple\"),T355,T350)","v":{"$error":"#DIV/0!"}},{"$f":"IF(OR($F$99=\"No Cogeneration\",$F$99=\"Simple\"),U355,U350)","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[null,null,null,"Step 3.2d: Define emission factor for electricity generation"]
[null,null,null,null,null,{"$f":"+IF($F$143=\"USER defined\",TRUE,FALSE)","v":false},null,{"$f":"IF($H$67=2,TRUE,FALSE)","v":false},null,null,{"$f":"+NOT($F$142)","v":true}]
[null,null,null,"Origin of Electricity Emissions",null,"Default by Country","Colombia",{"$f":"+IF($K$68,$I$69,$K$69)","v":175},{"$f":"IFERROR(VLOOKUP($G$143,'dummy database'!$A$28:$B$161,2,FALSE),\"\")","v":175},"gCO2/kWh",100,"gCO2/kWh"]
[]
[null,null,null,null,null,null,null,null,"5 ML","25 ML","50 ML","100 ML"]
[null,null,null,"Emissions from additional energy requirement",null,null,"tCO2 eq/year",null,{"$f":"+VLOOKUP(I135,$Q$262:$T$277,4,FALSE)*I137*I136","v":{"$error":"#DIV/0!"}},{"$f":"+VLOOKUP(J135,$Q$262:$T$277,4,FALSE)*J137*J136","v":{"$error":"#DIV/0!"}},{"$f":"+VLOOKUP(K135,$Q$262:$T$277,4,FALSE)*K137*K136","v":{"$error":"#DIV/0!"}},{"$f":"+VLOOKUP(L135,$Q$262:$T$277,4,FALSE)*L137*L136","v":{"$error":"#DIV/0!"}}]
[null,null,null,{"$f":"IF($F$99=\"No Cogeneration\",\"Emissions from additional electricity requirement\",\"Credits from electricity generation\")","v":"Credits from electricity generation"},null,null,"tCO2 eq/year",null,{"$f":"IF($F$99=\"No Cogeneration\",I54,-I122)*IF($F$142,$K$143,$I$143)*1000/1000000","v":{"$error":"#DIV/0!"}},{"$f":"IF($F$99=\"No Cogeneration\",J54,-J122)*IF($F$142,$K$143,$I$143)*1000/1000000","v":{"$error":"#DIV/0!"}},{"$f":"IF($F$99=\"No Cogeneration\",K54,-K122)*IF($F$142,$K$143,$I$143)*1000/1000000","v":{"$error":"#DIV/0!"}},{"$f":"IF($F$99=\"No Cogeneration\",L54,-L122)*IF($F$142,$K$143,$I$143)*1000/1000000","v":{"$error":"#DIV/0!"}}]
[null,null,null,"Total Industrial Emissions",null,null,"tCO2 eq/year",null,{"$f":"+(I146+I147)","v":{"$error":"#DIV/0!"}},{"$f":"+(J146+J147)","v":{"$error":"#DIV/0!"}},{"$f":"+(K146+K147)","v":{"$error":"#DIV/0!"}},{"$f":"+(L146+L147)","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[null,null,null,"Summary of technical and environmental results from cogeneration"]
[null,null,null,null,null,null,null,null,{"$f":"IF(I$154=LARGE($I$154:$L$154,1),4,IF(I$154=LARGE($I$154:$L$154,2),3,IF(I$154=LARGE($I$154:$L$154,3),2,IF(I$154=LARGE($I$154:$L$154,4),1))))","v":{"$error":"#DIV/0!"}},{"$f":"IF(J$154=LARGE($I$154:$L$154,1),4,IF(J$154=LARGE($I$154:$L$154,2),3,IF(J$154=LARGE($I$154:$L$154,3),2,IF(J$154=LARGE($I$154:$L$154,4),1))))","v":{"$error":"#DIV/0!"}},{"$f":"IF(K$154=LARGE($I$154:$L$154,1),4,IF(K$154=LARGE($I$154:$L$154,2),3,IF(K$154=LARGE($I$154:$L$154,3),2,IF(K$154=LARGE($I$154:$L$154,4),1))))","v":{"$error":"#DIV/0!"}},{"$f":"IF(L$154=LARGE($I$154:$L$154,1),4,IF(L$154=LARGE($I$154:$L$154,2),3,IF(L$154=LARGE($I$154:$L$154,3),2,IF(L$154=LARGE($I$154:$L$154,4),1))))","v":{"$error":"#DIV/0!"}}]
[null,null,"Heat (1000 MJ/year)",null,null,"Heat (1000 MJ/year)",null,null,{"$f":"+ABS(I148)","v":{"$error":"#DIV/0!"}},{"$f":"+ABS(J148)","v":{"$error":"#DIV/0!"}},{"$f":"+ABS(K148)","v":{"$error":"#DIV/0!"}},{"$f":"+ABS(L148)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,"Positive","Negative","Size"]
[null,null,"5 ML",null,null,null,1,null,"5 ML",{"$f":"+IF($I$148>0,$I$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+IF($I$148<0,$I$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+$I$153","v":{"$error":"#DIV/0!"}}]
[null,null,"25 ML",null,null,null,1,null,"25 ML",{"$f":"+IF($J$148>0,$J$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+IF($J$148<0,$J$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+$J$153","v":{"$error":"#DIV/0!"}}]
[null,null,"50 ML",null,null,null,1,null,"50 ML",{"$f":"+IF($K$148>0,$K$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+IF($K$148<0,$K$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+$K$153","v":{"$error":"#DIV/0!"}}]
[null,null,"100 ML",null,null,null,1,null,"100 ML",{"$f":"+IF($L$148>0,$L$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+IF($L$148<0,$L$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+$L$153","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[null,null,"5 ML",null,null,null,1]
[null,null,"25 ML",null,null,null,1]
[null,null,"50 ML",null,null,null,1]
[null,null,"100 ML",null,null,null,1]
[]
[]
[]
[]
[null,null,null,{"$f":"\"Total GHG Emissions for Ethanol production from \"&'Data Entry Needs'!$F$11&\" \"","v":"Total GHG Emissions for Ethanol production from   "}]
[]
[]
[null,null,null,null,null,null,null,null,"Feedstock Transport",{"$f":"+$F$38","v":{"$error":"#N/A"}},"Residue Transport",{"$f":"+$K$38","v":{"$error":"#N/A"}}]
[null,null,null,null,"Results expressed in kgCO2eq per liter"]
[null,null,null,{"$f":"\"Comparative emissions of \"&\"gasoline fuel\"","v":"Comparative emissions of gasoline fuel"},null,{"$f":"$T$263*$R$263*$S$263","v":2.7987255950000001},null,null,"Energy Technology",{"$f":"+IF(NOT(D$60),\"Conventional fossil fuel based\",$F$99&\"-\"&$E$101)","v":"Simple-Condensing Turbine"}]
[null,null,null,"Capacities","Scenario 1","Scenario 2","Scenario 3",null,"Fuel Efficiency Utilization Factor"]
[null,null,null,"5 ML",{"$f":"+AI261","v":{"$error":"#DIV/0!"}},{"$f":"+AJ261","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},null,"5 ML","25 ML","50 ML","100 ML"]
[null,null,null,"25 ML",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,{"$f":"+IF(NOT($D$60),I$74&\"  \",$E$20&\" \"&$F$111&IF(AND(I$125=0%,I$126=0%),\" only\",\" & \"&$I$135))","v":"   only"},{"$f":"+IF(NOT($D$60),J$74&\"  \",$E$20&\" \"&$F$111&IF(AND(J$125=0%,J$126=0%),\" only\",\" & \"&$I$135))","v":"   only"},{"$f":"+IF(NOT($D$60),K$74&\"  \",$E$20&\" \"&$F$111&IF(AND(K$125=0%,K$126=0%),\" only\",\" & \"&$I$135))","v":"   only"},{"$f":"+IF(NOT($D$60),L$74&\"  \",$E$20&\" \"&$F$111&IF(AND(L$125=0%,L$126=0%),\" only\",\" & \"&$I$135))","v":"   only"}]
[null,null,null,"50 ML",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,"100 ML",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,{"$f":"+Y$308","v":{"$error":"#DIV/0!"}},{"$f":"+Z$308","v":{"$error":"#DIV/0!"}},{"$f":"+AA$308","v":{"$error":"#DIV/0!"}},{"$f":"+AB$308","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstock",{"$f":"+'Data Entry Needs'!$G$11","v":" "},null,null,"Cogen Selection",{"$f":"+VLOOKUP($F$99,$Q$254:$T$256,4,FALSE)","v":1},"CH4",21]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"NO2",310]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Emission Factor (KG CO2/MJ)","Fuel efficiency (MJ/t.km)","Transport exhaust gas emissions (gCH4/t.km)","Transport exhaust gas emissions (gN2O/t.km)","tCO2eq/tkm"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Truck for liquids (Diesel)",7.5390899999999997E-2,1.008,5.0000000000000001E-3,0,{"$f":"+R239*S239/1000+T239*$X$235/1000000+U239*$X$236/1000000","v":7.6099027199999988E-5}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Truck for dry product (Diesel)",7.5390899999999997E-2,2.0122857142857145,5.0000000000000001E-3,0,{"$f":"+R240*S240/1000+T240*$X$235/1000000+U240*$X$236/1000000","v":1.5181303105714288E-4}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ocean bulk carrier ",7.0985000000000006E-2,0.20358000000000001,2.9999999999999997E-4,7.2000000000000005E-4,1.4680626300000002E-5]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ship /product tanker 50kt ",7.0985000000000006E-2,0.12384000000000001,0,0,8.7907824000000011E-6]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Local (10 km) pipeline",0,0,0,0,0]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Rail ",{"$f":"AVERAGE(T274:T276)","v":2.5185185185185185E-2},0.21,0,0,5.2888888888888889E-6]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Truck for FFB transport (Diesel)",7.5390899999999997E-2,2.0122857142857145,5.0000000000000001E-3,0,1.5181303105714288E-4,null,0.63,"Boiler for heating"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Tanker truck MB2318 (Diesel)",7.5390899999999997E-2,2.16,0,0,1.62844344E-4,null,0.2,"Boiler for electricity"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Tanker truck with water cannons(Diesel)",7.5390899999999997E-2,0.93600000000000005,0,0,7.0565882400000005E-5]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Dumpster truck MB2213 for filter mud transport",7.5390899999999997E-2,3.6,0,0,2.7140724E-4]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Output calculated using formulas presented in: ",null,"http://www.epa.gov/chp/basic/methods.html"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Cogeneration",null,null,"Number ","Thermal Efficiency","Electric efficiency"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Please select","Technolgy","Product",0,0.2,0.2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Simple","Condensing Turbine","Power Only",1,0.2,0.2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Semi-Advanced","\nBack-pressure Steam Turbine","Heat and Power",2,0.63,0.2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Advanced","BIGCC (Biomass Gasification Combined Cycle)","Heat and Power",3,0.71,0.3]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Options"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Please select"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Option 1",null,null,null,null,null,null,null,null,null,null,"SC1","SC2","SC3",null,null,null,"TOTAL"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Option 2",null,null,null,null,null,null,null,null,null,null,"Feedstock Production","Feedstock Production","Feedstock Production","Feedstock Transportation","Biofuel Production","Residues Transportation",null,"SC1","SC2","SC3"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Fuel","Calorific Value (MJ/Kg)","Density (kg/L)","kg CO2e/MJ",null,null,null,null,null,null,5,{"$f":"+E25","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+$G42","v":{"$error":"#N/A"}},{"$f":"+IF($D$60,I$148,I$79)","v":{"$error":"#DIV/0!"}},{"$f":"+$L42","v":{"$error":"#N/A"}},5000000,{"$f":"+(AB261+$AE261+$AF$261+$AG261)*1000/$AH261","v":{"$error":"#DIV/0!"}},{"$f":"+(AC261+$AE261+$AF$261+$AG261)*1000/$AH261","v":{"$error":"#DIV/0!"}},{"$f":"+(AD261+$AE261+$AF$261+$AG261)*1000/$AH261","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Please Select",null,null,null,null,null,null,null,null,null,25,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+$G43","v":{"$error":"#N/A"}},{"$f":"+IF($D$60,J$148,J$79)","v":{"$error":"#DIV/0!"}},{"$f":"+$L43","v":{"$error":"#N/A"}},25000000,{"$f":"+(AB262+$AE262+$AF262+$AG262)*1000/$AH262","v":{"$error":"#DIV/0!"}},{"$f":"+(AC262+$AE262+$AF262+$AG262)*1000/$AH262","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Gasoline",44.3,0.89,7.0985000000000006E-2,null,null,null,null,null,null,50,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+$G44","v":{"$error":"#N/A"}},{"$f":"+IF($D$60,K$148,K$79)","v":{"$error":"#DIV/0!"}},{"$f":"+$L44","v":{"$error":"#N/A"}},50000000,{"$f":"+(AB263+$AE263+$AF263+$AG263)*1000/$AH263","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Diesel Oil",43,0.73721999999999999,7.5390899999999997E-2,null,null,null,null,null,null,100,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+$G45","v":{"$error":"#N/A"}},{"$f":"+IF($D$60,L$148,L$79)","v":{"$error":"#DIV/0!"}},{"$f":"+$L45","v":{"$error":"#N/A"}},100000000,{"$f":"+(AB264+$AE264+$AF264+$AG264)*1000/$AH264","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Waste Oil / Lubrificants",40.200000000000003,0.95,7.4590899999999988E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"LPG",47.3,0.54500000000000004,6.4463999999999994E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Natural Gas",48,0.65,{"$f":"0.0156","v":1.5599999999999999E-2}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Peat",9.76,0.68235294117647061,4.86E-4]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Butane",45.27677203684572,2,1.9480010617414268E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Propane",46.295535660398848,1.92,1.7257603537859503E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Methanol",20.093562745097504,0.79179999999999995,8.6423182179058061E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",26.95163409308779,0.78900000000000003,4.2277931942379249E-3]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Biodiesel",{"$f":"35.7/0.88","v":40.56818181818182},0.88,4.2590356310978073E-3]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Other bituminous coal",22.7322030001394,0,2.3333333333333334E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sub bituminous coal",26.121512445062798,0,2.5833333333333333E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignite brown coal",28.610197070281195,0,2.6388888888888889E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Wood",19.551069237418005,0,5.1966467289447192E-7]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Please select",1,"Steam @10 Bar",2013.56,"MJ/t"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstock",2,"syngas yield",3.29,"m3/kg biomass","Assuming optimal conditions","Peres, A., B. H. Lunelli, et al. (2013). \"Application of biomass to hydrogen and syngas production.\" Chemical Engineering Transactions 32: 589-594."]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Product",3,"Density Syngas",0.95,"Kg/m3"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Calorific Value ",9,"MJ/m3","Cogeneration plant using o2 as oxygenant","http://scialert.net/fulltext/?doi=ajsr.2013.187.196&org=11"]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total Emissions"]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Step 1 - Feedstock"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"tCO2eq/year",null,null,null,null,null,null,5,25,50,100]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 1","Scenario 2","Scenario 3",null,null,null,"Fuel Utilization Efficiency",{"$f":"IF(NOT($D$60),(I$54*3.6+I$53)/(I$76*I$75),(I$122*3.6+I$119)/($F$113*I116+I$136*I$137))","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($D$60),(J$54*3.6+J$53)/(J$76*J$75),(J$122*3.6+J$119)/($F$113*J116+J$136*J$137))","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($D$60),(K$54*3.6+K$53)/(K$76*K$75),(K$122*3.6+K$119)/($F$113*K116+K$136*K$137))","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($D$60),(L$54*3.6+L$53)/(L$76*L$75),(L$122*3.6+L$119)/($F$113*L116+L$136*L$137))","v":{"$error":"#DIV/0!"}},"http://www.colpan.org/publications/thesis/MSc.pdf"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"5 ML",{"$f":"E25","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"25 ML",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"50 ML",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"100ML",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IFERROR(IF(SUM(R316:R319)>0,\"Sc1+\",\"\"),\"\")","v":""},{"$f":"IFERROR(IF(SUM(S316:S319)<0,\"Sc1-\",\"\"),\"\")","v":""},{"$f":"IFERROR(IF(SUM(T316:T319)>0,\"Sc2+\",\"\"),\"\")","v":""},{"$f":"IFERROR(IF(SUM(U316:U319)<0,\"Sc2-\",\"\"),\"\")","v":""},{"$f":"IFERROR(IF(SUM(V316:V319)>0,\"Sc3+\",\"\"),\"\")","v":""},{"$f":"IFERROR(IF(SUM(W316:W319)<0,\"Sc3-\",\"\"),\"\")","v":""}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"5 ML",{"$f":"+IF($R309>0,$R309,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($R309<0,$R309,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S309>0,$S309,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S309<0,$S309,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T309>0,$T309,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T309<0,$T309,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"25 ML",{"$f":"+IF($R310>0,$R310,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($R310<0,$R310,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S310>0,$S310,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S310<0,$S310,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T310>0,$T310,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T310<0,$T310,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"50 ML",{"$f":"+IF($R311>0,$R311,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($R311<0,$R311,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S311>0,$S311,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S311<0,$S311,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T311>0,$T311,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T311<0,$T311,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"100ML",{"$f":"+IF($R312>0,$R312,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($R312<0,$R312,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S312>0,$S312,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S312<0,$S312,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T312>0,$T312,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T312<0,$T312,\"\")","v":{"$error":"#DIV/0!"}}]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Step 2 - Transport"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"operating hours per year",{"$f":"'Data Entry Needs'!$G$43*24","v":0},"h/y"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstock Transport","Transport",null,null,"Processing Residue","Transport type",null,"_FS2","Feedstock type","Pretreatment Technology",null,null,null,"Solids available for cogeneration"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Barley straw","Truck for dry product (Diesel)",null,"Barley straw","Sludge","Tanker truck MB2318 (Diesel)",null,"residue production",null,{"$f":"Allocator!$D$4","v":"DA"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Maize stover","Truck for dry product (Diesel)",null,"Maize stover","Sludge","Tanker truck MB2318 (Diesel)",null,"AJ","AL","AN","AP",null,null,"AI","AK","AM","AO"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Oat straw","Truck for dry product (Diesel)",null,"Oat straw","Sludge","Tanker truck MB2318 (Diesel)",null,"5ML","25ML","50ML","100ML",null,null,"5ML","25ML","50ML","100ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Rice straw","Truck for dry product (Diesel)",null,"Rice straw","Sludge","Tanker truck MB2318 (Diesel)",null,"ktonne/year","ktonne/year","ktonne/year","ktonne/year",null,null,"ktonne/year","ktonne/year","ktonne/year","ktonne/year"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sorghum straw","Truck for dry product (Diesel)",null,"Sorghum straw","Sludge","Tanker truck MB2318 (Diesel)",null,{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&X$326&38)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&Y$326&38)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&Z$326&38)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AA$326&38)","v":{"$error":"#DIV/0!"}},null,"Lignin",{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AD$326&43)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AE$326&43)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AF$326&43)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AG$326&43)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Wheat straw","Truck for dry product (Diesel)",null,"Wheat straw","Sludge","Tanker truck MB2318 (Diesel)",null,null,null,null,null,null,"Yeast",{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AD$326&44)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AE$326&44)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AF$326&44)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AG$326&44)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sugarcane bagasse","Truck for dry product (Diesel)",null,"Sugarcane bagasse","Sludge","Tanker truck MB2318 (Diesel)",null,"Energy consumption before integration with cogeneration system",null,null,null,null,"Total",{"$f":"SUM(AD329:AD330)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AE329:AE330)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AF329:AF330)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AG329:AG330)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Oil palm empty fruit bunch","Truck for dry product (Diesel)",null,"Oil palm empty fruit bunch","Sludge","Tanker truck MB2318 (Diesel)",null,"Steam required - MJ/h",{"$f":"INDIRECT((\"B_\"&$Z$325&X324&\"!AB25\"))","v":269000},"Steam - MJ/L",{"$f":"Y332/Y334","v":{"$error":"#DIV/0!"}},null,"Average Heating Value",{"$f":"INDIRECT((\"B_\"&$Z$325&X324&\"!j103\"))","v":{"$error":"#DIV/0!"}},"MJ/kg"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Spruce forest residues","Truck for dry product (Diesel)",null,"Spruce forest residues","Sludge","Tanker truck MB2318 (Diesel)",null,"Electricity required -kWh/h",{"$f":"INDIRECT((\"B_\"&$Z$325&X324&\"!AB26\"))","v":19000},"Electricity - kWh/L",{"$f":"Y333/Y334","v":{"$error":"#DIV/0!"}},null,null,"Energy cogenerated"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Miscanthus giganteus","Truck for dry product (Diesel)",null,"Miscanthus giganteus","Sludge","Tanker truck MB2318 (Diesel)",null,"Ethanol produced - L/h",{"$f":"INDIRECT((\"B_\"&$Z$325&X324&\"!P72\"))","v":0},null,null,null,null,"AI","AJ","AK","AL"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Napier grass","Truck for dry product (Diesel)",null,"Napier grass","Sludge","Tanker truck MB2318 (Diesel)",null,null,null,null,null,null,null,"5ML","25ML","50ML","100ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Arundo donax","Truck for dry product (Diesel)",null,"Arundo donax","Sludge","Tanker truck MB2318 (Diesel)",null,"5ML","25ML","50ML","100ML",null,"Electricity - kW",{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AD$334&81)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AE$334&81)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AF$334&81)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AG$334&81)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Switchgrass","Truck for dry product (Diesel)",null,"Switchgrass","Sludge","Tanker truck MB2318 (Diesel)",null,5,25,50,100,null,"Steam - MW",{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AD$334&82)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AE$334&82)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AF$334&82)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AG$334&82)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Willow","Truck for dry product (Diesel)",null,"Willow","Sludge","Tanker truck MB2318 (Diesel)","Steam - 1000 MJ/y",{"$f":"$AA$332*X337*1000000/1000","v":{"$error":"#DIV/0!"}},{"$f":"$AA$332*Y337*1000000/1000","v":{"$error":"#DIV/0!"}},{"$f":"$AA$332*Z337*1000000/1000","v":{"$error":"#DIV/0!"}},{"$f":"$AA$332*AA337*1000000/1000","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Poplar","Truck for dry product (Diesel)",null,"Poplar","Sludge","Tanker truck MB2318 (Diesel)","Electricity - 1000 kWh/y",{"$f":"$AA$333*X337*1000000/1000","v":{"$error":"#DIV/0!"}},{"$f":"$AA$333*Y337*1000000/1000","v":{"$error":"#DIV/0!"}},{"$f":"$AA$333*Z337*1000000/1000","v":{"$error":"#DIV/0!"}},{"$f":"$AA$333*AA337*1000000/1000","v":{"$error":"#DIV/0!"}},null,"Electricity - 1000 kWh/y",{"$f":"AD336*3600*$AD$323/(1000*3.6*1000)","v":{"$error":"#DIV/0!"}},{"$f":"AE336*3600*$AD$323/(1000*3.6*1000)","v":{"$error":"#DIV/0!"}},{"$f":"AF336*3600*$AD$323/(1000*3.6*1000)","v":{"$error":"#DIV/0!"}},{"$f":"AG336*3600*$AD$323/(1000*3.6*1000)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Spruce","Truck for dry product (Diesel)",null,"Spruce","Sludge","Tanker truck MB2318 (Diesel)",null,null,null,null,null,null,"Steam - 1000 MJ/y",{"$f":"AD337*3600*$AD$323/1000","v":{"$error":"#DIV/0!"}},{"$f":"AE337*3600*$AD$323/1000","v":{"$error":"#DIV/0!"}},{"$f":"AF337*3600*$AD$323/1000","v":{"$error":"#DIV/0!"}},{"$f":"AG337*3600*$AD$323/1000","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"energy supplied","AI","AJ","AK","AL"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Cogeneration fossil energy",null,null,null,null,null,null,"5ML","25ML","50ML","100ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Electrical efficiency",{"$f":"Allocator!$J$24","v":0.2},null,null,null,null,null,5,25,50,100]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Thermal Efficiency",{"$f":"Allocator!$J$25","v":0.2},null,null,null,null,"Electricity Supplied (%)",{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&X$342&83)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&Y$342&83)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&Z$342&83)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AA$342&83)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"(R345-R344)/(1-(R344/Allocator!$I$15))","v":0},null,null,null,null,"Steam Supplied (%)",{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&X$342&84)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&Y$342&84)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&Z$342&84)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AA$342&84)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"5ML","25ML","50ML","100ML",null,"For figures",1,1,1,1]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Electricity required - MJ/year",{"$f":"(I126*I54*1000*3.6)","v":{"$error":"#DIV/0!"}},{"$f":"(J126*J54*1000*3.6)","v":{"$error":"#DIV/0!"}},{"$f":"(K126*K54*1000*3.6)","v":{"$error":"#DIV/0!"}},{"$f":"(L126*L54*1000*3.6)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Fuel required - MJ/year",{"$f":"R348/($R$345-$R$346)","v":{"$error":"#DIV/0!"}},{"$f":"S348/($R$345-$R$346)","v":{"$error":"#DIV/0!"}},{"$f":"T348/($R$345-$R$346)","v":{"$error":"#DIV/0!"}},{"$f":"U348/($R$345-$R$346)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Fuel required - t/year",{"$f":"R349/(I136*1000)","v":{"$error":"#DIV/0!"}},{"$f":"S349/(J136*1000)","v":{"$error":"#DIV/0!"}},{"$f":"T349/(K136*1000)","v":{"$error":"#DIV/0!"}},{"$f":"U349/(L136*1000)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"5ML","25ML","50ML","100ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Extra steam required - MJ/year",{"$f":"I125*I53*1000","v":{"$error":"#DIV/0!"}},{"$f":"J125*J53*1000","v":{"$error":"#DIV/0!"}},{"$f":"K125*K53*1000","v":{"$error":"#DIV/0!"}},{"$f":"L125*L53*1000","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Fuel required - MJ/year",{"$f":"R353/0.63","v":{"$error":"#DIV/0!"}},{"$f":"S353/0.63","v":{"$error":"#DIV/0!"}},{"$f":"T353/0.63","v":{"$error":"#DIV/0!"}},{"$f":"U353/0.63","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Fuel required - tonne/year",{"$f":"R354/(I136*1000)","v":{"$error":"#DIV/0!"}},{"$f":"S354/(J136*1000)","v":{"$error":"#DIV/0!"}},{"$f":"T354/(K136*1000)","v":{"$error":"#DIV/0!"}},{"$f":"U354/(L136*1000)","v":{"$error":"#DIV/0!"}}]
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[null,null,null,null,null,null,null,null,null,null,null,true]

{"sheet":"COST_FS3","index":40,"n_rows":140,"n_cols":38,"rows_kept":140,"cut":false,"hidden":false,"merged":[[33,5,33,6],[33,7,33,8],[33,9,33,10],[33,11,33,12],[2,2,2,12],[5,3,5,5],[22,2,22,12],[24,2,26,2],[24,5,26,6],[24,9,26,10],[27,5,27,6],[27,9,27,10],[28,5,28,6],[28,9,28,10],[32,5,32,12],[39,2,40,2],[39,3,40,3],[45,2,46,2],[45,3,46,3],[54,2,55,2],[54,3,55,3],[60,2,61,2],[60,3,61,3],[67,2,68,2],[67,3,68,3],[73,2,74,2],[73,3,74,3],[150,29,150,31],[83,2,84,2],[83,3,84,3],[89,2,90,2],[89,3,90,3],[89,4,90,4],[96,2,97,2],[96,3,97,3]]}
[]
[]
[null,null,{"$f":"+UPPER(\" Processing costs for ethanol production from \"&'Data Entry Needs'!$G$11)","v":" PROCESSING COSTS FOR ETHANOL PRODUCTION FROM  "}]
[]
[]
[null,null,"Use white cells to input data","Grey cells are used for calculations"]
[null,null,"Summary of Feedstock and Storage",null,null,"Financial Parameters",null,null,null,"Investment Cost Update"]
[]
[null,null,"Feedstock available (t/year)",{"$f":"+'Data Entry Needs'!$G$12","v":0},null,"Discount rate (%)",null,{"$f":"+'Data Entry Needs'!D79","v":0},null,{"$f":"+'Data Entry Needs'!$F$80","v":"Plant Cost Index during 4/2017"},null,{"$f":"+'Data Entry Needs'!$H$80","v":0}]
[null,null,{"$f":"'Data Entry Needs'!$C$57&\" (USD/l)\"","v":"Ethanol storage cost (USD/l)"},{"$f":"'Data Entry Needs'!$D$57","v":0},null,"Loan interest rate (%)",null,{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,null,{"$f":"'Data Entry Needs'!$F$57","v":"Storage rate of ethanol"},{"$f":"'Data Entry Needs'!$H$57","v":0},null,"Loan term (years)",null,{"$f":"+'Data Entry Needs'!D81","v":0}]
[null,null,"Feedstock storage cost (USD/t)",{"$f":"+'Data Entry Needs'!$E$19","v":0}]
[]
[]
[]
[null,null,"Transport Distance of Feedstock",null,"Transport Quantity"]
[null,null,"Distance SIZE 1 (5 ML) (km)",null,"Size 1 (t/year)",null,{"$f":"+$F$42","v":{"$error":"#DIV/0!"}}]
[null,null,"Distance SIZE 2 (25 ML) (km)",null,"Size 2 (t/year)",null,{"$f":"+$H$42","v":{"$error":"#DIV/0!"}}]
[null,null,"Distance SIZE 3 (50 ML) (km)",null,"Size 3 (t/year)",null,{"$f":"+$J$42","v":{"$error":"#DIV/0!"}}]
[null,null,"Distance SIZE 4 (100 ML) (km)",null,"Size 4 (t/year)",null,{"$f":"+$L$42","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Feedstock Production Schemes"]
[null,null,"PLEASE INCLUDE AT LEAST ONE SCENARIO TO OBTAIN RESULTS"]
[null,null,"Scenario 1: Own Production",null,null,"Scenario 2: Mixed",null,null,null,"Scenario 3: Outgrowers"]
[null,null,{"$f":"+\"Description: 100% of \"&'Data Entry Needs'!$G$11&\" feedstock collected on site\"","v":"Description: 100% of   feedstock collected on site"},null,null,{"$f":"+\"Description: \"&$AC$139&\"% of \"&'Data Entry Needs'!$G$11&\" feedstock produced directly by processing plant, and \"&(100-$AC$139)&\"% provided by outgrowers at market price.\"","v":"Description: 60% of   feedstock produced directly by processing plant, and 40% provided by outgrowers at market price."},null,null,null,{"$f":"+\"Description: 100% of \"&'Data Entry Needs'!$G$11&\" feedstock is provided by outgrowers at market price.\"","v":"Description: 100% of   feedstock is provided by outgrowers at market price."}]
[]
[]
[null,null,null,null,null,{"$f":"\"Feedstock Price = \"&$AC$139&\"%*Own Production Cost + \"&(100-$AC$139)&\"%*Outgrowers Cost\"","v":"Feedstock Price = 60%*Own Production Cost + 40%*Outgrowers Cost"},null,null,null,"Feedstock Price = 100%*Market Price or Collection Cost","Feedstock Price = 100%*Production Cost"]
[null,null,{"$f":"IF('Data Entry Needs'!G10 = \"Ligno. Residues\",0,+'Data Entry Needs'!$G$14)","v":0},null,null,{"$f":"C29*COST_FS3!$AB$140+J29*COST_FS3!$AB$139","v":0},null,null,null,{"$f":"IF('Data Entry Needs'!G10=\"Ligno. Energy Crops\",'Data Entry Needs'!$G$15,IF('Data Entry Needs'!C18,'Data Entry Needs'!G18,'Data Entry Needs'!G17))","v":0}]
[]
[null,null,"Production Cost Details"]
[]
[null,null,null,null,null,"Capacities (Million litres per year)"]
[null,null,null,null,null,5,null,25,null,50,null,100]
[null,null,null,null,null,"Operating hours per year",{"$f":"+'Data Entry Needs'!$G$43*24","v":0},"Operating hours per year",{"$f":"+'Data Entry Needs'!$G$43*24","v":0},"Operating hours per year",{"$f":"+'Data Entry Needs'!$G$43*24","v":0},"Operating hours per year",{"$f":"+'Data Entry Needs'!$G$43*24","v":0}]
[null,null,"Scenario 1: Own Production"]
[null,null,"Scenario 2: Mixed"]
[null,null,"Scenario 3: Outgrowers"]
[]
[null,null,"Feedstock","Unit","Unit Price","Quantity ","Total","Quantity ","Total","Quantity ","Total","Quantity ","Total"]
[null,null,null,null,"(USD)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)"]
[null,null,{"$f":"+'Data Entry Needs'!$G$11&\" Scenario 1\"","v":"  Scenario 1"},{"$f":"Allocator!C35","v":"t/year"},{"$f":"+$C$29","v":0},{"$f":"+Allocator!$D$67","v":{"$error":"#DIV/0!"}},{"$f":"+F42*E42","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$E$67","v":{"$error":"#DIV/0!"}},{"$f":"+H42*$E42","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$F$67","v":{"$error":"#DIV/0!"}},{"$f":"+J42*$E42","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$G$67","v":{"$error":"#DIV/0!"}},{"$f":"+L42*$E42","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"+'Data Entry Needs'!$G$11&\" Scenario 2\"","v":"  Scenario 2"},{"$f":"D42","v":"t/year"},{"$f":"+$F$29","v":0},{"$f":"+Allocator!$D$67","v":{"$error":"#DIV/0!"}},{"$f":"+F43*E43","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$E$67","v":{"$error":"#DIV/0!"}},{"$f":"+H43*$E43","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$F$67","v":{"$error":"#DIV/0!"}},{"$f":"+J43*$E43","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$G$67","v":{"$error":"#DIV/0!"}},{"$f":"+L43*$E43","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"+'Data Entry Needs'!$G$11&\" Scenario 3\"","v":"  Scenario 3"},{"$f":"D43","v":"t/year"},{"$f":"+J29","v":0},{"$f":"+Allocator!$D$67","v":{"$error":"#DIV/0!"}},{"$f":"+F44*E44","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$E$67","v":{"$error":"#DIV/0!"}},{"$f":"+H44*$E44","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$F$67","v":{"$error":"#DIV/0!"}},{"$f":"+J44*$E44","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$G$67","v":{"$error":"#DIV/0!"}},{"$f":"+L44*$E44","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Other chemical inputs","Unit","Unit Price","Quantity ","Total","Quantity ","Total","Quantity ","Total","Quantity ","Total"]
[null,null,null,null,"(USD)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)"]
[null,null,{"$f":"Allocator!B36","v":"Sulfuric Acid"},{"$f":"Allocator!C36","v":"t/year"},{"$f":"'Data Entry Needs'!D34","v":0},{"$f":"Allocator!D68","v":{"$error":"#DIV/0!"}},{"$f":"+F48*E48","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E68","v":{"$error":"#DIV/0!"}},{"$f":"+H48*$E48","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F68","v":{"$error":"#DIV/0!"}},{"$f":"+J48*$E48","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G68","v":{"$error":"#DIV/0!"}},{"$f":"+L48*$E48","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"Allocator!B37","v":"Water"},{"$f":"Allocator!C37","v":"m3/year"},{"$f":"'Data Entry Needs'!D39","v":0},{"$f":"Allocator!D69","v":{"$error":"#DIV/0!"}},{"$f":"+F49*E49","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E69","v":{"$error":"#DIV/0!"}},{"$f":"+H49*$E49","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F69","v":{"$error":"#DIV/0!"}},{"$f":"+J49*$E49","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G69","v":{"$error":"#DIV/0!"}},{"$f":"+L49*$E49","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"Allocator!B38","v":"Ammonia"},{"$f":"Allocator!C38","v":"t/year"},{"$f":"'Data Entry Needs'!D32","v":0},{"$f":"Allocator!D70","v":{"$error":"#DIV/0!"}},{"$f":"+F50*E50","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E70","v":{"$error":"#DIV/0!"}},{"$f":"+H50*$E50","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F70","v":{"$error":"#DIV/0!"}},{"$f":"+J50*$E50","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G70","v":{"$error":"#DIV/0!"}},{"$f":"+L50*$E50","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"Allocator!B39","v":"Enzyme"},{"$f":"Allocator!C39","v":"t/year"},{"$f":"'Data Entry Needs'!G32","v":0},{"$f":"Allocator!D71","v":{"$error":"#DIV/0!"}},{"$f":"+F51*E51","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E71","v":{"$error":"#DIV/0!"}},{"$f":"+H51*$E51","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F71","v":{"$error":"#DIV/0!"}},{"$f":"+J51*$E51","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G71","v":{"$error":"#DIV/0!"}},{"$f":"+L51*$E51","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"Allocator!B40","v":"Yeast"},{"$f":"Allocator!C40","v":"t/year"},{"$f":"'Data Entry Needs'!D33","v":0},{"$f":"Allocator!D72","v":{"$error":"#DIV/0!"}},{"$f":"+F52*E52","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E72","v":{"$error":"#DIV/0!"}},{"$f":"+H52*$E52","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F72","v":{"$error":"#DIV/0!"}},{"$f":"+J52*$E52","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G72","v":{"$error":"#DIV/0!"}},{"$f":"+L52*$E52","v":{"$error":"#DIV/0!"}}]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G48:G52)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I48:I52)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K48:K52)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M48:M52)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Energy inputs","Unit","Unit Price","Quantity ","Total","Quantity ","Total","Quantity ","Total","Quantity ","Total"]
[null,null,null,null,"(USD)","(Unit)","(USD/year)","(Unit/year)","(USD/year)","(Unit/year)","(USD/year)","(Unit/year)","(USD/year)"]
[null,null,{"$f":"Allocator!B41","v":"Steam"},{"$f":"Allocator!C41","v":"t/y"},{"$f":"'Data Entry Needs'!D38","v":0},{"$f":"Allocator!D73","v":{"$error":"#DIV/0!"}},{"$f":"+F57*E57","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E73","v":{"$error":"#DIV/0!"}},{"$f":"+H57*$E57","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F73","v":{"$error":"#DIV/0!"}},{"$f":"+J57*$E57","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G73","v":{"$error":"#DIV/0!"}},{"$f":"+L57*$E57","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"Allocator!B42","v":"Electricity"},{"$f":"Allocator!C42","v":"kWh/y"},{"$f":"'Data Entry Needs'!D40","v":0},{"$f":"Allocator!D74","v":{"$error":"#DIV/0!"}},{"$f":"+F58*E58","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E74","v":{"$error":"#DIV/0!"}},{"$f":"+H58*$E58","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F74","v":{"$error":"#DIV/0!"}},{"$f":"+J58*$E58","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G74","v":{"$error":"#DIV/0!"}},{"$f":"+L58*$E58","v":{"$error":"#DIV/0!"}}]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G57:G58)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I57:I58)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K57:K58)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M57:M58)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Labour and miscellaneous cost","Unit","Unit Price","Quantity ","Total","Quantity ","Total","Quantity ","Total","Quantity ","Total"]
[null,null,null,null,"(USD/hour)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)"]
[null,null,"Unskilled worker","# Employee",{"$f":"+'Data Entry Needs'!$D$43","v":0},{"$f":"+IF((F34/3.785)<6,6,ROUND(F34/3.785,0))*3","v":18},{"$f":"+E63*F63*8000","v":0},{"$f":"+IF((H34/3.785)<6,6,ROUND(H34/3.785,0))*3","v":21},{"$f":"+$E63*H63*8000","v":0},{"$f":"+IF((J34/3.785)<6,6,ROUND(J34/3.785,0))*3","v":39},{"$f":"+$E63*J63*8000","v":0},{"$f":"+IF((L34/3.785)<6,6,ROUND(L34/3.785,0))*3","v":78},{"$f":"+$E63*L63*8000","v":0}]
[null,null,"Skilled worker","# Employee",{"$f":"+'Data Entry Needs'!$D$44","v":0},{"$f":"+ROUND(F63/4,0)","v":5},{"$f":"+E64*F64*8000","v":0},{"$f":"+ROUND(H63/4,0)","v":5},{"$f":"+$E64*H64*8000","v":0},{"$f":"+ROUND(J63/4,0)","v":10},{"$f":"+$E64*J64*8000","v":0},{"$f":"+ROUND(L63/4,0)","v":20},{"$f":"+$E64*L64*8000","v":0}]
[null,null,"Miscellaneous costs",null,null,{"$f":"+'Data Entry Needs'!$G$44","v":0},{"$f":"+F65*SUM(G63:G64)","v":0},{"$f":"+$F$65","v":0},{"$f":"+H65*SUM(I63:I64)","v":0},{"$f":"+H65","v":0},{"$f":"+J65*SUM(K63:K64)","v":0},{"$f":"+J65","v":0},{"$f":"+L65*SUM(M63:M64)","v":0}]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G63:G65)","v":0},null,{"$f":"SUM(I63:I65)","v":0},null,{"$f":"SUM(K63:K65)","v":0},null,{"$f":"SUM(M63:M65)","v":0}]
[]
[null,null,"Transportation","Unit","Unit Price","Quantity ","Total","Quantity ","Total","Quantity ","Total","Quantity ","Total"]
[null,null,null,null,"(USD/t/unit)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)"]
[null,null,"Feedstock (farm to plant)","km",{"$f":"+'Data Entry Needs'!$D$53","v":0},{"$f":"+$D$17","v":0},{"$f":"+$E$70*F70*$G$17","v":{"$error":"#DIV/0!"}},{"$f":"+$D$18","v":0},{"$f":"+$E$70*H70*$G$18","v":{"$error":"#DIV/0!"}},{"$f":"+$D$19","v":0},{"$f":"+$E$70*J70*$G$19","v":{"$error":"#DIV/0!"}},{"$f":"$D$20","v":0},{"$f":"+$E$70*L70*$G$20","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G70:G70)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I70:I70)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K70:K70)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M70:M70)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Investment","Unit","Years","Total","Depreciation","Total","Depreciation","Total","Depreciation","Total","Depreciation"]
[null,null,"Investment",null,null,"(USD)","(USD/year)","(USD)","(USD/year)","(USD)","(USD/year)","(USD)","(USD/year)"]
[null,null,"Buildings","USD",20,{"$f":"Allocator!J35","v":7418000},{"$f":"+F76/$E76","v":370900},{"$f":"Allocator!K35","v":19482000},{"$f":"+H76/$E76","v":974100},{"$f":"Allocator!L35","v":29528000},{"$f":"+J76/$E76","v":1476400},{"$f":"Allocator!M35","v":44757000},{"$f":"+L76/$E76","v":2237850}]
[null,null,"Plant and Equipment","USD",20,{"$f":"Allocator!J36","v":28290000},{"$f":"+F77/$E77","v":1414500},{"$f":"Allocator!K36","v":74303000},{"$f":"+H77/$E77","v":3715150},{"$f":"Allocator!L36","v":112622000},{"$f":"+J77/$E77","v":5631100},{"$f":"Allocator!M36","v":170703000},{"$f":"+L77/$E77","v":8535150}]
[]
[null,null,"Total investment",null,null,{"$f":"SUM(F76:F78)","v":35708000},null,{"$f":"SUM(H76:H78)","v":93785000},null,{"$f":"SUM(J76:J78)","v":142150000},null,{"$f":"SUM(L76:L78)","v":215460000}]
[null,null,null,null,null,"Total Depreciation",{"$f":"SUM(G76:G79)","v":1785400},"Total Depreciation",{"$f":"SUM(I76:I79)","v":4689250},"Total Depreciation",{"$f":"SUM(K76:K79)","v":7107500},"Total Depreciation",{"$f":"SUM(M76:M79)","v":10773000}]
[null,null,"Maintenance cost",null,{"$f":"+'Data Entry Needs'!$D$60","v":0},null,{"$f":"+$E$81*G80","v":0},null,{"$f":"+E81*$I$80","v":0},null,{"$f":"+$E$81*K80","v":0},null,{"$f":"+$E$81*M80","v":0}]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G80:G81)","v":1785400},null,{"$f":"SUM(I80:I81)","v":4689250},null,{"$f":"SUM(K80:K81)","v":7107500},null,{"$f":"SUM(M80:M81)","v":10773000}]
[]
[null,null,"Storage","Unit","Unit Price","Quantity ","Total","Quantity ","Total","Quantity ","Total","Quantity ","Total"]
[null,null,null,"(%)","(USD)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)"]
[null,null,"Feedstock (biomass)","t",{"$f":"+$D$12","v":0},{"$f":"+STORAGE_FS3!$F$38","v":{"$error":"#DIV/0!"}},{"$f":"+F86*$E$86","v":{"$error":"#DIV/0!"}},{"$f":"+STORAGE_FS3!$I$38","v":{"$error":"#DIV/0!"}},{"$f":"+H86*$E$86","v":{"$error":"#DIV/0!"}},{"$f":"+STORAGE_FS3!$L$38","v":{"$error":"#DIV/0!"}},{"$f":"+J86*$E$86","v":{"$error":"#DIV/0!"}},{"$f":"+STORAGE_FS3!$O$38","v":{"$error":"#DIV/0!"}},{"$f":"+L86*$E$86","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"+'Data Entry Needs'!$E$10& \" Ethanol\"","v":"Please Select Ethanol"},"litre",{"$f":"+$D$10","v":0},{"$f":"5000000*$D$11","v":0},{"$f":"+$E$87*F87","v":0},{"$f":"25000000*$D$11","v":0},{"$f":"+$E$87*H87","v":0},{"$f":"50000000*$D$11","v":0},{"$f":"+$E$87*J87","v":0},{"$f":"100000000*$D$11","v":0},{"$f":"+$E$87*L87","v":0}]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G86:G87)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I86:I87)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K86:K87)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M86:M87)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Other costs","Unit","Rate (%)",null,"Total",null,"Total",null,"Total",null,"Total"]
[null,null,null,null,null,null,"(USD/year)",null,"(USD/year)",null,"(USD/year)",null,"(USD/year)"]
[null,null,"Plant overhead","USD",{"$f":"+'Data Entry Needs'!$D$61","v":0},null,{"$f":"+(G63+G64+G81)*$E$92","v":0},null,{"$f":"+(I63+I64+I81)*$E$92","v":0},null,{"$f":"+(K63+K64+K81)*$E$92","v":0},null,{"$f":"+(M63+M64+M81)*$E$92","v":0}]
[null,null,"General and administrative","USD",{"$f":"+'Data Entry Needs'!$D$62","v":0},null,{"$f":"+(G59+G66+G92+G81)*$E$93","v":{"$error":"#DIV/0!"}},null,{"$f":"+(I59+I66+I92+I81)*$E$93","v":{"$error":"#DIV/0!"}},null,{"$f":"+(K59+K66+K92+K81)*$E$93","v":{"$error":"#DIV/0!"}},null,{"$f":"+(M59+M66+M92+M81)*$E$93","v":{"$error":"#DIV/0!"}}]
[null,null,"Loan interest","USD",null,null,{"$f":"-FA5_FS1_SC1!$G$68","v":0},null,{"$f":"-FA25_FS1_SC1!$G$68","v":0},null,{"$f":"-FA50_FS1_SC1!$G$68","v":0},null,{"$f":"-FA100_FS1_SC1!$G$68","v":0}]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G92:G94)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I92:I94)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K92:K94)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M92:M94)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Co-Products Credits","Unit","Unit Price","Quantity ","Total","Quantity ","Total","Quantity ","Total","Quantity ","Total"]
[null,null,null,null,"(USD)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)"]
[null,null,{"$f":"Allocator!B45","v":"Electricity"},{"$f":"Allocator!C45","v":"kWh/y"},{"$f":"'Data Entry Needs'!G65","v":0},{"$f":"Allocator!D77","v":{"$error":"#DIV/0!"}},{"$f":"$E$99*F99","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E77","v":{"$error":"#DIV/0!"}},{"$f":"$E$99*H99","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F77","v":{"$error":"#DIV/0!"}},{"$f":"$E$99*J99","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G77","v":{"$error":"#DIV/0!"}},{"$f":"$E$99*L99","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"Allocator!B47","v":"CO2"},{"$f":"Allocator!C47","v":"t/year"},{"$f":"'Data Entry Needs'!D65","v":0},{"$f":"Allocator!D79","v":{"$error":"#DIV/0!"}},{"$f":"$E$100*F100","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E79","v":{"$error":"#DIV/0!"}},{"$f":"$E$100*H100","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F79","v":{"$error":"#DIV/0!"}},{"$f":"$E$100*J100","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G79","v":{"$error":"#DIV/0!"}},{"$f":"$E$100*L100","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"Allocator!B48","v":"Lignin"},{"$f":"Allocator!C48","v":"t/year"},{"$f":"'Data Entry Needs'!D66","v":0},{"$f":"Allocator!D80","v":{"$error":"#DIV/0!"}},{"$f":"$E$101*F101","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E80","v":{"$error":"#DIV/0!"}},{"$f":"$E$101*H101","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F80","v":{"$error":"#DIV/0!"}},{"$f":"$E$101*J101","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G80","v":{"$error":"#DIV/0!"}},{"$f":"$E$101*L101","v":{"$error":"#DIV/0!"}}]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G99:G101)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I99:I101)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K99:K101)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M99:M101)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Total Production Costs (USD/year)"]
[]
[null,null,null,null,null,"Total","Total","Total","Total","Total","Total","Total","Total"]
[null,null,null,null,null,"(USD/year)","(USD/l)","(USD/year)","(USD/l)","(USD/year)","(USD/l)","(USD/year)","(USD/l)"]
[null,null,"Scenario 1"]
[null,null,"Total operating costs",null,null,{"$f":"G42+G53+G59+G66+G72","v":{"$error":"#DIV/0!"}},{"$f":"+F109/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I42+I53+I59+I66+I72","v":{"$error":"#DIV/0!"}},{"$f":"+H109/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K42+K53+K59+K66+K72","v":{"$error":"#DIV/0!"}},{"$f":"+J109/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M42+M53+M59+M66+M72","v":{"$error":"#DIV/0!"}},{"$f":"+L109/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Total fixed costs",null,null,{"$f":"G82+G88","v":{"$error":"#DIV/0!"}},{"$f":"+F110/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I82+I88","v":{"$error":"#DIV/0!"}},{"$f":"+H110/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K82+K88","v":{"$error":"#DIV/0!"}},{"$f":"+J110/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M82+M88","v":{"$error":"#DIV/0!"}},{"$f":"+L110/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Total other costs",null,null,{"$f":"G95","v":{"$error":"#DIV/0!"}},{"$f":"+F111/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I95","v":{"$error":"#DIV/0!"}},{"$f":"+H111/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K95","v":{"$error":"#DIV/0!"}},{"$f":"+J111/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M95","v":{"$error":"#DIV/0!"}},{"$f":"+L111/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Co-Products Credits",null,null,{"$f":"-G102","v":{"$error":"#DIV/0!"}},{"$f":"+F112/5000000","v":{"$error":"#DIV/0!"}},{"$f":"-I102","v":{"$error":"#DIV/0!"}},{"$f":"+H112/25000000","v":{"$error":"#DIV/0!"}},{"$f":"-K102","v":{"$error":"#DIV/0!"}},{"$f":"+J112/50000000","v":{"$error":"#DIV/0!"}},{"$f":"-M102","v":{"$error":"#DIV/0!"}},{"$f":"+L112/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Total production costs scenario 1 (USD/year)",null,null,{"$f":"SUM(F109:F112)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(H109:H112)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(J109:J112)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(L109:L112)","v":{"$error":"#DIV/0!"}}]
[null,null,"Total production costs scenario 1 (USD/l)",null,null,null,{"$f":"SUM(G109:G112)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I109:I112)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K109:K113)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M109:M113)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Scenario 2"]
[null,null,"Total operating costs",null,null,{"$f":"G43+G53+G59+G66+G72","v":{"$error":"#DIV/0!"}},{"$f":"+F117/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I43+I53+I59+I66+I72","v":{"$error":"#DIV/0!"}},{"$f":"+H117/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K43+K53+K59+K66+K72","v":{"$error":"#DIV/0!"}},{"$f":"+J117/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M43+M53+M59+M66+M72","v":{"$error":"#DIV/0!"}},{"$f":"+L117/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Total fixed costs",null,null,{"$f":"G82+G88","v":{"$error":"#DIV/0!"}},{"$f":"+F118/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I82+I88","v":{"$error":"#DIV/0!"}},{"$f":"+H118/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K82+K88","v":{"$error":"#DIV/0!"}},{"$f":"+J118/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M82+M88","v":{"$error":"#DIV/0!"}},{"$f":"+L118/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Total other costs",null,null,{"$f":"G95","v":{"$error":"#DIV/0!"}},{"$f":"+F119/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I95","v":{"$error":"#DIV/0!"}},{"$f":"+H119/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K95","v":{"$error":"#DIV/0!"}},{"$f":"+J119/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M95","v":{"$error":"#DIV/0!"}},{"$f":"+L119/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Co-Products Credits",null,null,{"$f":"-G102","v":{"$error":"#DIV/0!"}},{"$f":"G112","v":{"$error":"#DIV/0!"}},{"$f":"-I102","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"-K102","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"-M102","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,"Total production costs scenario 2 (USD/year)",null,null,{"$f":"SUM(F117:F120)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(H117:H120)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(J117:J120)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(L117:L120)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1]
[null,null,"Total production costs scenario 2 (USD/l)",null,null,null,{"$f":"SUM(G117:G121)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I117:I120)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K117:K121)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M117:M121)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1]
[null,null,"Scenario 3",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1]
[null,null,"Total operating costs",null,null,{"$f":"G44+G53+G59+G66+G72","v":{"$error":"#DIV/0!"}},{"$f":"+F125/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I44+I53+I59+I66+I72","v":{"$error":"#DIV/0!"}},{"$f":"+H125/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K44+K53+K59+K66+K72","v":{"$error":"#DIV/0!"}},{"$f":"+J125/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M44+M53+M59+M66+M72","v":{"$error":"#DIV/0!"}},{"$f":"+L125/100000000","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1]
[null,null,"Total fixed costs",null,null,{"$f":"G82+G88","v":{"$error":"#DIV/0!"}},{"$f":"+F126/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I82+I88","v":{"$error":"#DIV/0!"}},{"$f":"+H126/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K82+K88","v":{"$error":"#DIV/0!"}},{"$f":"+J126/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M82+M88","v":{"$error":"#DIV/0!"}},{"$f":"+L126/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Total other costs",null,null,{"$f":"G95","v":{"$error":"#DIV/0!"}},{"$f":"+F127/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I95","v":{"$error":"#DIV/0!"}},{"$f":"+H127/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K95","v":{"$error":"#DIV/0!"}},{"$f":"+J127/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M95","v":{"$error":"#DIV/0!"}},{"$f":"+L127/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Co-Products Credits",null,null,{"$f":"-G102","v":{"$error":"#DIV/0!"}},{"$f":"G120","v":{"$error":"#DIV/0!"}},{"$f":"-I102","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"-K102","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"-M102","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,"Total production costs scenario 3 (USD/year)",null,null,{"$f":"SUM(F125:F128)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(H125:H128)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(J125:J128)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(L125:L128)","v":{"$error":"#DIV/0!"}}]
[null,null,"Total production costs scenario 3 (USD/l)",null,null,null,{"$f":"SUM(G125:G128)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I125:I128)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K125:K129)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M125:M129)","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"sc2",null,"Ratios","sc1",null,"sc3"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Factory (%)",{"$f":"+AC139/100","v":0.6},60,"Factory (%)",1,"Factory (%)",0,"yes"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Outgrower (%)",{"$f":"1-AB139","v":0.4},null,"Outgrower (%)",0,"Outgrower (%)",1,"no"]

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[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 5 Million Litres/year SCENARIO 1\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 5 MILLION LITRES/YEAR SCENARIO 1"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",5,{"$f":"C9","v":5},5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":5000000},{"$f":"+C10","v":5000000},5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,{"$f":"+S10","v":5000000},5000000,5000000,5000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":5000000},{"$f":"+C12","v":5000000},5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS3!$G$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS3!$G$100+COST_FS3!$G$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_FS3!$F76","v":7418000}]
[null,"Plant and Equipment",{"$f":"+COST_FS3!$F77","v":28290000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":28290000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":35708000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,28290000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":7141600}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":7.1416000000000004}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS3!$G$42","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS3!$G$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS3!$G$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS3!$G$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS3!$G$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS3!$G$80","v":1785400},1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS3!$G$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS3!$G$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS3!$G$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS3!$G$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":1785400},{"$f":"C78","v":1785400},{"$f":"D78","v":1785400},1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-35708000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-35708000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-1785400},{"$f":"-E78","v":-1785400},-1785400,{"$f":"-G78","v":-1785400},-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-35708000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-35708000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-35708000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

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[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 5 Million Litres/year SCENARIO 2\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 5 MILLION LITRES/YEAR SCENARIO 2"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",5,{"$f":"C9","v":5},5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":5000000},{"$f":"+C10","v":5000000},5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,{"$f":"+S10","v":5000000},5000000,5000000,5000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":5000000},{"$f":"+C12","v":5000000},5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS3!$G$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS3!$G$100+COST_FS3!$G$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_FS3!$F76","v":7418000}]
[null,"Plant and Equipment",{"$f":"+COST_FS3!$F77","v":28290000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":28290000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":35708000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,28290000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":7141600}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":7.1416000000000004}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS3!$G$43","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS3!$G$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS3!$G$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS3!$G$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS3!$G$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS3!$G$80","v":1785400},1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS3!$G$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS3!$G$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS3!$G$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS3!$G$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":1785400},{"$f":"C78","v":1785400},{"$f":"D78","v":1785400},1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-35708000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-35708000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-1785400},{"$f":"-E78","v":-1785400},-1785400,{"$f":"-G78","v":-1785400},-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-35708000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-35708000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-35708000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"FA5_FS3_SC3","index":43,"n_rows":117,"n_cols":23,"rows_kept":117,"cut":false,"hidden":true,"merged":[[1,1,1,13]]}
[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 5 Million Litres/year SCENARIO 3\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 5 MILLION LITRES/YEAR SCENARIO 3"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",5,{"$f":"C9","v":5},5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":5000000},{"$f":"+C10","v":5000000},5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,{"$f":"+S10","v":5000000},5000000,5000000,5000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":5000000},{"$f":"+C12","v":5000000},5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS3!$G$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS3!$G$100+COST_FS3!$G$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_FS3!$F76","v":7418000}]
[null,"Plant and Equipment",{"$f":"+COST_FS3!$F77","v":28290000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":28290000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":35708000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,28290000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":7141600}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":7.1416000000000004}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS3!$G$44","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS3!$G$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS3!$G$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS3!$G$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS3!$G$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS3!$G$80","v":1785400},1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS3!$G$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS3!$G$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS3!$G$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS3!$G$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":1785400},{"$f":"C78","v":1785400},{"$f":"D78","v":1785400},1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-35708000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-35708000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-1785400},{"$f":"-E78","v":-1785400},-1785400,{"$f":"-G78","v":-1785400},-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-35708000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-35708000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-35708000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"FA25_FS3_SC1","index":44,"n_rows":117,"n_cols":23,"rows_kept":117,"cut":false,"hidden":true,"merged":[[1,1,1,13]]}
[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 25 Million Litres/year SCENARIO 1\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 25 MILLION LITRES/YEAR SCENARIO 1"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",25,{"$f":"C9","v":25},25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":25000000},{"$f":"+C10","v":25000000},25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,{"$f":"+S10","v":25000000},25000000,25000000,25000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":25000000},{"$f":"+C12","v":25000000},25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS3!$I$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS3!$I$100+COST_FS3!$I$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_FS3!$H76","v":19482000}]
[null,"Plant and Equipment",{"$f":"+COST_FS3!$H77","v":74303000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":74303000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":93785000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,74303000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":3751400}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":3.7513999999999998}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS3!$I$42","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS3!$I$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS3!$I$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS3!$I$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS3!$I$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS3!$I$80","v":4689250},4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS3!$I$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS3!$I$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS3!$I$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS3!$I$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":4689250},{"$f":"C78","v":4689250},{"$f":"D78","v":4689250},4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-93785000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-93785000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-4689250},{"$f":"-E78","v":-4689250},-4689250,{"$f":"-G78","v":-4689250},-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-93785000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-93785000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-93785000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"FA25_FS3_SC2","index":45,"n_rows":117,"n_cols":23,"rows_kept":117,"cut":false,"hidden":true,"merged":[[1,1,1,13]]}
[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 25 Million Litres/year SCENARIO 2\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 25 MILLION LITRES/YEAR SCENARIO 2"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",25,{"$f":"C9","v":25},25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":25000000},{"$f":"+C10","v":25000000},25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,{"$f":"+S10","v":25000000},25000000,25000000,25000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":25000000},{"$f":"+C12","v":25000000},25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS3!$I$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS3!$I$100+COST_FS3!$I$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_FS3!$H76","v":19482000}]
[null,"Plant and Equipment",{"$f":"+COST_FS3!$H77","v":74303000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":74303000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":93785000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,74303000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":3751400}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":3.7513999999999998}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS3!$I$43","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS3!$I$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS3!$I$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS3!$I$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS3!$I$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS3!$I$80","v":4689250},4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS3!$I$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS3!$I$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS3!$I$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS3!$I$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":4689250},{"$f":"C78","v":4689250},{"$f":"D78","v":4689250},4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-93785000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-93785000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-4689250},{"$f":"-E78","v":-4689250},-4689250,{"$f":"-G78","v":-4689250},-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-93785000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-93785000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-93785000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

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[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 25 Million Litres/year SCENARIO 3\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 25 MILLION LITRES/YEAR SCENARIO 3"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",25,{"$f":"C9","v":25},25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":25000000},{"$f":"+C10","v":25000000},25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,{"$f":"+S10","v":25000000},25000000,25000000,25000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":25000000},{"$f":"+C12","v":25000000},25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS3!$I$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS3!$I$100+COST_FS3!$I$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_FS3!$H76","v":19482000}]
[null,"Plant and Equipment",{"$f":"+COST_FS3!$H77","v":74303000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":74303000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":93785000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,74303000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":3751400}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":3.7513999999999998}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS3!$I$44","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS3!$I$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS3!$I$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS3!$I$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS3!$I$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS3!$I$80","v":4689250},4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS3!$I$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS3!$I$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS3!$I$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS3!$I$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":4689250},{"$f":"C78","v":4689250},{"$f":"D78","v":4689250},4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-93785000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-93785000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-4689250},{"$f":"-E78","v":-4689250},-4689250,{"$f":"-G78","v":-4689250},-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-93785000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-93785000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-93785000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

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[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 50 Million Litres/year SCENARIO 1\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 50 MILLION LITRES/YEAR SCENARIO 1"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",50,{"$f":"C9","v":50},50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":50000000},{"$f":"+C10","v":50000000},50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,{"$f":"+S10","v":50000000},50000000,50000000,50000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":50000000},{"$f":"+C12","v":50000000},50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS3!$K$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"T17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS3!$K$100+COST_FS3!$K$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_FS3!$J76","v":29528000}]
[null,"Plant and Equipment",{"$f":"+COST_FS3!$J77","v":112622000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":112622000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":142150000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,112622000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":2843000}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":2.843}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS3!$K$42","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS3!$K$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS3!$K$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS3!$K$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS3!$K$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS3!$K$80","v":7107500},7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS3!$K$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS3!$K$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS3!$K$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS3!$K$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":7107500},{"$f":"C78","v":7107500},{"$f":"D78","v":7107500},7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-142150000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-142150000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-7107500},{"$f":"-E78","v":-7107500},-7107500,{"$f":"-G78","v":-7107500},-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-142150000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-142150000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-142150000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"FA50_FS3_SC2","index":48,"n_rows":117,"n_cols":23,"rows_kept":117,"cut":false,"hidden":true,"merged":[[1,1,1,13]]}
[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 50 Million Litres/year SCENARIO 2\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 50 MILLION LITRES/YEAR SCENARIO 2"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",50,{"$f":"C9","v":50},50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":50000000},{"$f":"+C10","v":50000000},50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,{"$f":"+S10","v":50000000},50000000,50000000,50000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":50000000},{"$f":"+C12","v":50000000},50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS3!$K$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"T17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS3!$K$100+COST_FS3!$K$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_FS3!$J76","v":29528000}]
[null,"Plant and Equipment",{"$f":"+COST_FS3!$J77","v":112622000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":112622000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":142150000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,112622000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":2843000}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":2.843}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS3!$K$43","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS3!$K$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS3!$K$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS3!$K$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS3!$K$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS3!$K$80","v":7107500},7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS3!$K$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS3!$K$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS3!$K$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS3!$K$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":7107500},{"$f":"C78","v":7107500},{"$f":"D78","v":7107500},7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-142150000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-142150000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-7107500},{"$f":"-E78","v":-7107500},-7107500,{"$f":"-G78","v":-7107500},-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-142150000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-142150000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-142150000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

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[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 50 Million Litres/year SCENARIO 3\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 50 MILLION LITRES/YEAR SCENARIO 3"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",50,{"$f":"C9","v":50},50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":50000000},{"$f":"+C10","v":50000000},50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,{"$f":"+S10","v":50000000},50000000,50000000,50000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":50000000},{"$f":"+C12","v":50000000},50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS3!$K$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"T17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS3!$K$100+COST_FS3!$K$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_FS3!$J76","v":29528000}]
[null,"Plant and Equipment",{"$f":"+COST_FS3!$J77","v":112622000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":112622000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":142150000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,112622000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":2843000}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":2.843}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS3!$K$44","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS3!$K$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS3!$K$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS3!$K$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS3!$K$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS3!$K$80","v":7107500},7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS3!$K$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS3!$K$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS3!$K$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS3!$K$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":7107500},{"$f":"C78","v":7107500},{"$f":"D78","v":7107500},7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-142150000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-142150000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-7107500},{"$f":"-E78","v":-7107500},-7107500,{"$f":"-G78","v":-7107500},-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-142150000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-142150000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-142150000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"FA100_FS3_SC1","index":50,"n_rows":117,"n_cols":23,"rows_kept":117,"cut":false,"hidden":true,"merged":[[1,1,1,13]]}
[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 100 Million Litres/year SCENARIO 1\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 100 MILLION LITRES/YEAR SCENARIO 1"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",100,{"$f":"C9","v":100},100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":100000000},{"$f":"+C10","v":100000000},100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,{"$f":"+S10","v":100000000},100000000,100000000,100000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":100000000},{"$f":"+C12","v":100000000},100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS3!$M$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"T17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS3!$M$100+COST_FS3!$M$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_FS3!$L76","v":44757000}]
[null,"Plant and Equipment",{"$f":"+COST_FS3!$L77","v":170703000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":170703000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":215460000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,170703000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":2154600}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":2.1545999999999998}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS3!$M$42","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS3!$M$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS3!$M$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS3!$M$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS3!$M$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS3!$M$80","v":10773000},10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS3!$M$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS3!$M$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS3!$M$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS3!$M$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":10773000},{"$f":"C78","v":10773000},{"$f":"D78","v":10773000},10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-215460000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-215460000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-10773000},{"$f":"-E78","v":-10773000},-10773000,{"$f":"-G78","v":-10773000},-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-215460000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-215460000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-215460000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

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[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 100 Million Litres/year SCENARIO 2\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 100 MILLION LITRES/YEAR SCENARIO 2"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",100,{"$f":"C9","v":100},100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":100000000},{"$f":"+C10","v":100000000},100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,{"$f":"+S10","v":100000000},100000000,100000000,100000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":100000000},{"$f":"+C12","v":100000000},100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS3!$M$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"T17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS3!$M$100+COST_FS3!$M$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_FS3!$L76","v":44757000}]
[null,"Plant and Equipment",{"$f":"+COST_FS3!$L77","v":170703000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":170703000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":215460000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,170703000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":2154600}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":2.1545999999999998}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS3!$M$43","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS3!$M$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS3!$M$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS3!$M$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS3!$M$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS3!$M$80","v":10773000},10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS3!$M$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS3!$M$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS3!$M$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS3!$M$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":10773000},{"$f":"C78","v":10773000},{"$f":"D78","v":10773000},10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-215460000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-215460000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-10773000},{"$f":"-E78","v":-10773000},-10773000,{"$f":"-G78","v":-10773000},-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-215460000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-215460000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-215460000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

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[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 100 Million Litres/year SCENARIO 2\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 100 MILLION LITRES/YEAR SCENARIO 2"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",100,{"$f":"C9","v":100},100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":100000000},{"$f":"+C10","v":100000000},100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,{"$f":"+S10","v":100000000},100000000,100000000,100000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":100000000},{"$f":"+C12","v":100000000},100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS3!$M$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"T17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS3!$M$100+COST_FS3!$M$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_FS3!$L76","v":44757000}]
[null,"Plant and Equipment",{"$f":"+COST_FS3!$L77","v":170703000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":170703000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":215460000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,170703000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":2154600}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":2.1545999999999998}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS3!$M$44","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS3!$M$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS3!$M$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS3!$M$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS3!$M$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS3!$M$80","v":10773000},10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS3!$M$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS3!$M$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS3!$M$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS3!$M$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":10773000},{"$f":"C78","v":10773000},{"$f":"D78","v":10773000},10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-215460000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-215460000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-10773000},{"$f":"-E78","v":-10773000},-10773000,{"$f":"-G78","v":-10773000},-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-215460000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-215460000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-215460000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"GHG_FS3","index":53,"n_rows":1123,"n_cols":37,"rows_kept":1123,"cut":false,"hidden":true,"merged":[[70,8,70,11],[2,3,2,11],[21,4,21,6],[37,10,37,11],[50,8,50,11],[57,8,58,11],[114,8,114,11],[72,3,72,5],[76,3,76,5],[98,5,98,6],[100,4,100,6],[101,4,101,6],[103,4,103,6],[109,3,110,4],[110,5,110,6],[112,8,112,11],[112,3,112,4],[178,8,179,8],[178,9,179,9],[178,10,179,10],[178,11,179,11],[131,8,131,11],[151,3,151,11],[175,9,175,11],[176,8,176,11]]}
[]
[]
[null,null,null,{"$f":"UPPER(\"GHG EMISSIONS FOR 2G ETHANOL PRODUCTION FROM \"&'Data Entry Needs'!$G$11&\"\")","v":"GHG EMISSIONS FOR 2G ETHANOL PRODUCTION FROM  "}]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,"Feedstock Production Emissions"]
[]
[]
[null,null,null,"Step 1: Input Emissions for Crop/Residue Production "]
[]
[null,null,null,null,null,{"$f":"\"kgCO2eq/kg \"&$E$20","v":"kgCO2eq/kg  "}]
[null,null,null,null,null,"Own Production","Outgrowers"]
[null,null,null,"Feedstock",{"$f":"+'Data Entry Needs'!$G$11","v":" "}]
[]
[null,null,null,null,"tCO2eq/year"]
[null,null,null,null,"Scenario 1","Scenario 2","Scenario 3"]
[null,null,null,null,{"$f":"+COST_FS3!$C$25","v":"Description: 100% of   feedstock collected on site"},{"$f":"+COST_FS3!$F$25","v":"Description: 60% of   feedstock produced directly by processing plant, and 40% provided by outgrowers at market price."},{"$f":"+COST_FS3!$J$25","v":"Description: 100% of   feedstock is provided by outgrowers at market price."},null,{"$f":"COST_FS3!AC139","v":60}]
[null,null,null,"5 ML",{"$f":"$F$20*COST_FS3!$F$42","v":{"$error":"#DIV/0!"}},{"$f":"$F$20*COST_FS3!$F$42*($I$24/100)+$G$20*COST_FS3!$F$42*(1-$I$24/100)","v":{"$error":"#DIV/0!"}},{"$f":"$G$20*COST_FS3!$F$42","v":{"$error":"#DIV/0!"}}]
[null,null,null,"25 ML",{"$f":"$F$20*COST_FS3!$H$42","v":{"$error":"#DIV/0!"}},{"$f":"$F$20*COST_FS3!$H$42*($I$24/100)+$G$20*COST_FS3!$H$42*(1-$I$24/100)","v":{"$error":"#DIV/0!"}},{"$f":"$G$20*COST_FS3!$H$42","v":{"$error":"#DIV/0!"}}]
[null,null,null,"50 ML",{"$f":"$F$20*COST_FS3!$J$42","v":{"$error":"#DIV/0!"}},{"$f":"$F$20*COST_FS3!$J$42*($I$24/100)+$G$20*COST_FS3!$J$42*(1-$I$24/100)","v":{"$error":"#DIV/0!"}},{"$f":"$G$20*COST_FS3!$J$42","v":{"$error":"#DIV/0!"}}]
[null,null,null,"100ML",{"$f":"$F$20*COST_FS3!$L$42","v":{"$error":"#DIV/0!"}},{"$f":"$F$20*COST_FS3!$L$42*($I$24/100)+$G$20*COST_FS3!$L$42*(1-$I$24/100)","v":{"$error":"#DIV/0!"}},{"$f":"$G$20*COST_FS3!$L$42","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[null,null,"Feedstock and Residues Transportation"]
[]
[]
[null,null,null,"Step 2: Input transportation distances for residues"]
[]
[null,null,null,"Feedstock Transported",null,{"$f":"+'Data Entry Needs'!$G$11","v":" "},null,null,"Residues Transported",null,{"$f":"+VLOOKUP($F$37,$T$325:$V$340,2,FALSE)","v":{"$error":"#N/A"}}]
[null,null,null,"Mean of Transport",null,{"$f":"+VLOOKUP($F$37,$Q$325:$R$340,2,FALSE)","v":{"$error":"#N/A"}},null,null,"Mean of Transport",null,{"$f":"+VLOOKUP($F$37,$T$325:$V$340,3,FALSE)","v":{"$error":"#N/A"}}]
[]
[]
[null,null,null,"Plants","Quantity (t/year)","Distance (km)","tCO2eq/year",null,"Plants","Quantity (t/year)","Distance (km)","tCO2eq/year"]
[null,null,null,"5 ML",{"$f":"+COST_FS3!$G17","v":{"$error":"#DIV/0!"}},{"$f":"+COST_FS3!$D17","v":0},{"$f":"+VLOOKUP($F$38,$Q$239:$V$248,6,FALSE)*E42*F42","v":{"$error":"#N/A"}},null,"5 ML",{"$f":"X329*1000","v":{"$error":"#DIV/0!"}},null,{"$f":"VLOOKUP($K$38,$Q$239:$V$248,6,FALSE)*J42*K42","v":{"$error":"#N/A"}}]
[null,null,null,"25 ML",{"$f":"+COST_FS3!$G18","v":{"$error":"#DIV/0!"}},{"$f":"+COST_FS3!$D18","v":0},{"$f":"+VLOOKUP($F$38,$Q$239:$V$248,6,FALSE)*E43*F43","v":{"$error":"#N/A"}},null,"25 ML",{"$f":"Y329*1000","v":{"$error":"#DIV/0!"}},null,{"$f":"VLOOKUP($K$38,$Q$239:$V$248,6,FALSE)*J43*K43","v":{"$error":"#N/A"}}]
[null,null,null,"50 ML",{"$f":"+COST_FS3!$G19","v":{"$error":"#DIV/0!"}},{"$f":"+COST_FS3!$D19","v":0},{"$f":"+VLOOKUP($F$38,$Q$239:$V$248,6,FALSE)*E44*F44","v":{"$error":"#N/A"}},null,"50 ML",{"$f":"Z329*1000","v":{"$error":"#DIV/0!"}},null,{"$f":"VLOOKUP($K$38,$Q$239:$V$248,6,FALSE)*J44*K44","v":{"$error":"#N/A"}}]
[null,null,null,"100 ML",{"$f":"+COST_FS3!$G20","v":{"$error":"#DIV/0!"}},{"$f":"+COST_FS3!$D20","v":0},{"$f":"+VLOOKUP($F$38,$Q$239:$V$248,6,FALSE)*E45*F45","v":{"$error":"#N/A"}},null,"100 ML",{"$f":"AA329*1000","v":{"$error":"#DIV/0!"}},null,{"$f":"VLOOKUP($K$38,$Q$239:$V$248,6,FALSE)*J45*K45","v":{"$error":"#N/A"}}]
[]
[]
[null,null,null,"Biofuel Processing Emissions"]
[]
[]
[null,null,null,{"$f":"\"Annual Energy Consumption for Ethanol Production\"","v":"Annual Energy Consumption for Ethanol Production"},null,null,null,null,"Capacities (Million L/year)"]
[null,null,null,"Consumption before integration with cogeneration system",null,null,"Unit",null,5,25,50,100]
[null,null,null,"Heating (Steam)",null,null,"1000 MJ/year",null,{"$f":"X338","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,"Electricity Consumption",null,null,"1000 kWh/year",null,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
[]
[null,null,null,"Step 3: Select an option to supply energy",null,null,null,null,{"$f":"+IF(NOT($D$60),\"Method 1: All energy consumption(heat and electricity) of processing plant is supplied using external sources: fossil fuels, and/or electricity from central grid.\",\"Method 2: All energy consumption(heat and electricity) of processing plant is supplied using a cogeneration system fueled using either biomass  or fossil fuels\")","v":"Method 2: All energy consumption(heat and electricity) of processing plant is supplied using a cogeneration system fueled using either biomass  or fossil fuels"}]
[]
[null,null,null,true]
[]
[]
[null,null,null,"Method 1: Energy supplied with fossil fuels"]
[]
[null,null,null,"Step 3.1: Select how external energy is supplied"]
[null,null,null,null,null,null,null,true]
[null,null,null,null,null,null,null,1]
[null,null,null,null,null,{"$f":"+IF($F$69=\"USER defined\",TRUE,FALSE)","v":false},null,null,null,null,{"$f":"+NOT(F68)","v":true}]
[null,null,null,"Origin of Electricity Emissions",null,"Default by Country","Cameroon",{"$f":"+IF($K$68,$I$69,$K$69)","v":243},{"$f":"IFERROR(VLOOKUP($G$69,'dummy database'!$A$28:$B$161,2,FALSE),\"\")","v":243},"gCO2/kWh",10,"gCO2/kWh"]
[]
[null,null,null,null,null,null,null,null,"Capacities (Million L/year)"]
[null,null,null,null,null,null,null,null,5,25,50,100]
[null,null,null,{"$f":"IF($K$68,\"Emissions from Electricity Production in \"&$G$69,\"Emissions from Electricity Production \"&$F$69)","v":"Emissions from Electricity Production in Cameroon"},null,null,"tCO2eq/year",null,{"$f":"IF($H$66,0,$H$69*I$54/1000)","v":0},{"$f":"IF($H$66,0,$H$69*J$54/1000)","v":0},{"$f":"IF($H$66,0,$H$69*K$54/1000)","v":0},{"$f":"IF($H$66,0,$H$69*L$54/1000)","v":0}]
[null,null,null,"Fossil fuel Source",null,null,"Unit",null,"Methanol","Methanol","Methanol","Methanol"]
[null,null,null,"Calorific Value",null,null,"MJ/kg",null,{"$f":"+IFERROR(VLOOKUP(I$74,GHG_FS3!$Q$261:$T$277,2,FALSE),\"?\")","v":20.093562745097504},{"$f":"+IFERROR(VLOOKUP(J$74,GHG_FS3!$Q$261:$T$277,2,FALSE),\"?\")","v":20.093562745097504},{"$f":"+IFERROR(VLOOKUP(K$74,GHG_FS3!$Q$261:$T$277,2,FALSE),\"?\")","v":20.093562745097504},{"$f":"+IFERROR(VLOOKUP(L$74,GHG_FS3!$Q$261:$T$277,2,FALSE),\"?\")","v":20.093562745097504}]
[null,null,null,"Fossil Fuel Requirement",null,null,"t/year",null,{"$f":"IF(NOT($H$66),I$53/(I75*$X$245),(I$53/(I75*$X$245)+3.6*I$54/(I75*$X$246)))","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($H$66),J$53/(J75*$X$245),(J$53/(J75*$X$245)+3.6*J$54/(J75*$X$246)))","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($H$66),K$53/(K75*$X$245),(K$53/(K75*$X$245)+3.6*K$54/(K75*$X$246)))","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($H$66),L$53/(L75*$X$245),(L$53/(L75*$X$245)+3.6*L$54/(L75*$X$246)))","v":{"$error":"#DIV/0!"}}]
[null,null,null,{"$f":"IF(NOT($H$66),\"Emissions from Heat Production using Fossil Fuels\",\"Total Emissions from Energy Production using Fossil Fuels\")","v":"Total Emissions from Energy Production using Fossil Fuels"},null,null,"tCO2eq/year",null,{"$f":"VLOOKUP(I$74,$Q$262:$T$277,4,FALSE)*IF(NOT($H$66),I$53/$X$245,(I$53/$X$245+3.6*I54/$X$246))","v":{"$error":"#DIV/0!"}},{"$f":"VLOOKUP(J$74,$Q$262:$T$277,4,FALSE)*IF(NOT($H$66),J$53/$X$245,(J$53/$X$245+3.6*J54/$X$246))","v":{"$error":"#DIV/0!"}},{"$f":"VLOOKUP(K$74,$Q$262:$T$277,4,FALSE)*IF(NOT($H$66),K$53/$X$245,(K$53/$X$245+3.6*K54/$X$246))","v":{"$error":"#DIV/0!"}},{"$f":"VLOOKUP(L$74,$Q$262:$T$277,4,FALSE)*IF(NOT($H$66),L$53/$X$245,(L$53/$X$245+3.6*L54/$X$246))","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,"Total emissions",null,null,"tCO2eq/year",null,{"$f":"IF(NOT($H$66),I77+I73,I77)","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($H$66),J77+J73,J77)","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($H$66),K77+K73,K77)","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($H$66),L77+L73,L77)","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,null,"Method 2: Self-generated Energy"]
[]
[null,null,null,"Step 3.2a:  Technology level for energy production"]
[]
[]
[null,null,null,"Technology Level for Cogeneration",null,{"$f":"'Data Entry Needs'!F26","v":"Simple"}]
[null,null,null,null,null,null,null,null,null,"Total Thermal Efficency",{"$f":"VLOOKUP($F$99,$Q$254:$V$256,5,FALSE)","v":0.2}]
[null,null,null,"Technology",{"$f":"IFERROR(VLOOKUP($F$99,$Q$254:$R$256,2,FALSE),\"\")","v":"Condensing Turbine"},null,null,null,null,"Effective Electrical Efficiency",{"$f":"IFERROR(VLOOKUP($F$99,$Q$254:$V$256,6,FALSE),\"\")","v":0.2}]
[null,null,null,"Product",{"$f":"IFERROR(VLOOKUP($F$99,$Q$254:$S$256,3,FALSE),\"\")","v":"Power Only"}]
[]
[null,null,null,"Fuel Type","Solids residues from ethanol production"]
[]
[]
[]
[null,null,null,"Step 3.2b: define biomas available"]
[]
[null,null,null,{"$f":"\"Lignin Available from \"&'Data Entry Needs'!$G$11","v":"Lignin Available from  "}]
[null,null,null,null,null,null,null,null,null,{"$f":"+IF($F$111=\"Use Fossil Fuel\",\"Select Fossil Fuel\",\"\")","v":""}]
[]
[null,null,null,"Average Calorific value ",null,{"$f":"AD332","v":{"$error":"#DIV/0!"}},"MJ/kg",null,"Capacities (Million L/year)"]
[null,null,null,null,null,null,null,null,5,25,50,100]
[null,null,null,null,null,null,"Unit"]
[null,null,null,"Solid Residues Potentially Available",null,null,"t/year",null,{"$f":"AD331*1000","v":{"$error":"#DIV/0!"}},{"$f":"AE331*1000","v":{"$error":"#DIV/0!"}},{"$f":"AF331*1000","v":{"$error":"#DIV/0!"}},{"$f":"AG331*1000","v":{"$error":"#DIV/0!"}}]
[null,null,null,"Energy Theoretical Potential ",null,null,"1000 MJ/yr",null,{"$f":"I116*$F$113","v":{"$error":"#DIV/0!"}},{"$f":"J116*$F$113","v":{"$error":"#DIV/0!"}},{"$f":"K116*$F$113","v":{"$error":"#DIV/0!"}},{"$f":"L116*$F$113","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,"Heat","Cogenerated",null,"1000 MJ/yr",null,{"$f":"AD340","v":{"$error":"#DIV/0!"}},{"$f":"AE340","v":{"$error":"#DIV/0!"}},{"$f":"AF340","v":{"$error":"#DIV/0!"}},{"$f":"AG340","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,"Demand Supplied",null,"%",null,{"$f":"IFERROR(IF(I$119/I$53>1,\"fullly supplied\",I$119/(I$53)),\"\")","v":""},{"$f":"IFERROR(IF(J$119/J$53>1,\"fullly supplied\",J$119/(J$53)),\"\")","v":""},{"$f":"IFERROR(IF(K$119/K$53>1,\"fullly supplied\",K$119/(K$53)),\"\")","v":""},{"$f":"IFERROR(IF(L$119/L$53>1,\"fullly supplied\",L$119/(L$53)),\"\")","v":""}]
[]
[null,null,null,"Electricity","Cogenerated",null,"1000 kWh/yr",null,{"$f":"AD339","v":{"$error":"#DIV/0!"}},{"$f":"AE339","v":{"$error":"#DIV/0!"}},{"$f":"AF339","v":{"$error":"#DIV/0!"}},{"$f":"AG339","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,"Demand Supplied",null,"%",null,{"$f":"IFERROR(IF(I$122/I$54>1,\"Surplus\",I$122/(I$54)),\"\")","v":""},{"$f":"IFERROR(IF(J$122/J$54>1,\"Surplus\",J$122/(J$54)),\"\")","v":""},{"$f":"IFERROR(IF(K$122/K$54>1,\"Surplus\",K$122/(K$54)),\"\")","v":""},{"$f":"IFERROR(IF(L$122/L$54>1,\"Surplus\",L$122/(L$54)),\"\")","v":""}]
[]
[null,null,null,"External fossil fuel requirement for heating",null,null,"%",null,{"$f":"+IF(I120<=1,(1-I120),0%)","v":0},{"$f":"+IF(J120<=1,(1-J120),0%)","v":0},{"$f":"+IF(K120<=1,(1-K120),0%)","v":0},{"$f":"+IF(L120<=1,(1-L120),0%)","v":0}]
[null,null,null,"External fossil fuel requirement for electricity",null,null,"%",null,{"$f":"+IF(I123<=1,(1-I123),0%)","v":0},{"$f":"+IF(J123<=1,(1-J123),0%)","v":0},{"$f":"+IF(K123<=1,(1-K123),0%)","v":0},{"$f":"+IF(L123<=1,(1-L123),0%)","v":0}]
[]
[]
[]
[null,null,null,"Step 3.2c: define a suplementary fuel to complete energy demand"]
[]
[null,null,null,null,null,null,null,null,"Capacities (Million L/year)"]
[null,null,null,"Co-firing Options",null,null,null,null,5,25,50,100]
[null,null,null,null,null,null,null,null,{"$f":"+IF(AND(I125=0%,I126=0%),\"Not needed\",\"select a fuel\")","v":"Not needed"},{"$f":"+IF(AND(J125=0%,J126=0%),\"Not needed\",\"select a fuel\")","v":"Not needed"},{"$f":"+IF(AND(K125=0%,K126=0%),\"Not needed\",\"select a fuel\")","v":"Not needed"},{"$f":"+IF(AND(L125=0%,L126=0%),\"Not needed\",\"select a fuel\")","v":"Not needed"}]
[null,null,null,"Suplementary fossil fuel source",null,null,"Unit",null,"Propane","Propane","Propane","Propane"]
[null,null,null,"Calorific Value",null,null,"MJ/kg",null,{"$f":"+IFERROR(VLOOKUP(I$135,GHG_FS3!$Q$261:$T$277,2,FALSE),\"\")","v":46.295535660398848},{"$f":"+IFERROR(VLOOKUP(J$135,GHG_FS3!$Q$261:$T$277,2,FALSE),\"\")","v":46.295535660398848},{"$f":"+IFERROR(VLOOKUP(K$135,GHG_FS3!$Q$261:$T$277,2,FALSE),\"\")","v":46.295535660398848},{"$f":"+IFERROR(VLOOKUP(L$135,GHG_FS3!$Q$261:$T$277,2,FALSE),\"\")","v":46.295535660398848}]
[null,null,null,"Additional Fossil Fuel Demand",null,null,"t/year",null,{"$f":"IF(OR($F$99=\"No Cogeneration\",$F$99=\"Simple\"),R355,R350)","v":{"$error":"#DIV/0!"}},{"$f":"IF(OR($F$99=\"No Cogeneration\",$F$99=\"Simple\"),S355,S350)","v":{"$error":"#DIV/0!"}},{"$f":"IF(OR($F$99=\"No Cogeneration\",$F$99=\"Simple\"),T355,T350)","v":{"$error":"#DIV/0!"}},{"$f":"IF(OR($F$99=\"No Cogeneration\",$F$99=\"Simple\"),U355,U350)","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[null,null,null,"Step 3.2d: Define emission factor for electricity generation"]
[null,null,null,null,null,{"$f":"+IF($F$143=\"USER defined\",TRUE,FALSE)","v":false},null,{"$f":"IF($H$67=2,TRUE,FALSE)","v":false},null,null,{"$f":"+NOT($F$142)","v":true}]
[null,null,null,"Origin of Electricity Emissions",null,"Default by Country","Argentina",{"$f":"+IF($K$68,$I$69,$K$69)","v":243},{"$f":"IFERROR(VLOOKUP($G$143,'dummy database'!$A$28:$B$161,2,FALSE),\"\")","v":355},"gCO2/kWh",100,"gCO2/kWh"]
[]
[null,null,null,null,null,null,null,null,"5 ML","25 ML","50 ML","100 ML"]
[null,null,null,"Emissions from additional energy requirement",null,null,"tCO2 eq/year",null,{"$f":"+VLOOKUP(I135,$Q$262:$T$277,4,FALSE)*I137*I136","v":{"$error":"#DIV/0!"}},{"$f":"+VLOOKUP(J135,$Q$262:$T$277,4,FALSE)*J137*J136","v":{"$error":"#DIV/0!"}},{"$f":"+VLOOKUP(K135,$Q$262:$T$277,4,FALSE)*K137*K136","v":{"$error":"#DIV/0!"}},{"$f":"+VLOOKUP(L135,$Q$262:$T$277,4,FALSE)*L137*L136","v":{"$error":"#DIV/0!"}}]
[null,null,null,{"$f":"IF($F$99=\"No Cogeneration\",\"Emissions from additional electricity requirement\",\"Credits from electricity generation\")","v":"Credits from electricity generation"},null,null,"tCO2 eq/year",null,{"$f":"IF($F$99=\"No Cogeneration\",I54,-I122)*IF($F$142,$K$143,$I$143)*1000/1000000","v":{"$error":"#DIV/0!"}},{"$f":"IF($F$99=\"No Cogeneration\",J54,-J122)*IF($F$142,$K$143,$I$143)*1000/1000000","v":{"$error":"#DIV/0!"}},{"$f":"IF($F$99=\"No Cogeneration\",K54,-K122)*IF($F$142,$K$143,$I$143)*1000/1000000","v":{"$error":"#DIV/0!"}},{"$f":"IF($F$99=\"No Cogeneration\",L54,-L122)*IF($F$142,$K$143,$I$143)*1000/1000000","v":{"$error":"#DIV/0!"}}]
[null,null,null,"Total Industrial Emissions",null,null,"tCO2 eq/year",null,{"$f":"+(I146+I147)","v":{"$error":"#DIV/0!"}},{"$f":"+(J146+J147)","v":{"$error":"#DIV/0!"}},{"$f":"+(K146+K147)","v":{"$error":"#DIV/0!"}},{"$f":"+(L146+L147)","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[null,null,null,"Summary of technical and environmental results from cogeneration"]
[null,null,null,null,null,null,null,null,{"$f":"IF(I$154=LARGE($I$154:$L$154,1),4,IF(I$154=LARGE($I$154:$L$154,2),3,IF(I$154=LARGE($I$154:$L$154,3),2,IF(I$154=LARGE($I$154:$L$154,4),1))))","v":{"$error":"#DIV/0!"}},{"$f":"IF(J$154=LARGE($I$154:$L$154,1),4,IF(J$154=LARGE($I$154:$L$154,2),3,IF(J$154=LARGE($I$154:$L$154,3),2,IF(J$154=LARGE($I$154:$L$154,4),1))))","v":{"$error":"#DIV/0!"}},{"$f":"IF(K$154=LARGE($I$154:$L$154,1),4,IF(K$154=LARGE($I$154:$L$154,2),3,IF(K$154=LARGE($I$154:$L$154,3),2,IF(K$154=LARGE($I$154:$L$154,4),1))))","v":{"$error":"#DIV/0!"}},{"$f":"IF(L$154=LARGE($I$154:$L$154,1),4,IF(L$154=LARGE($I$154:$L$154,2),3,IF(L$154=LARGE($I$154:$L$154,3),2,IF(L$154=LARGE($I$154:$L$154,4),1))))","v":{"$error":"#DIV/0!"}}]
[null,null,"Heat (1000 MJ/year)",null,null,"Heat (1000 MJ/year)",null,null,{"$f":"+ABS(I148)","v":{"$error":"#DIV/0!"}},{"$f":"+ABS(J148)","v":{"$error":"#DIV/0!"}},{"$f":"+ABS(K148)","v":{"$error":"#DIV/0!"}},{"$f":"+ABS(L148)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,"Positive","Negative","Size"]
[null,null,"5 ML",null,null,null,1,null,"5 ML",{"$f":"+IF($I$148>0,$I$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+IF($I$148<0,$I$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+$I$153","v":{"$error":"#DIV/0!"}}]
[null,null,"25 ML",null,null,null,1,null,"25 ML",{"$f":"+IF($J$148>0,$J$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+IF($J$148<0,$J$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+$J$153","v":{"$error":"#DIV/0!"}}]
[null,null,"50 ML",null,null,null,1,null,"50 ML",{"$f":"+IF($K$148>0,$K$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+IF($K$148<0,$K$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+$K$153","v":{"$error":"#DIV/0!"}}]
[null,null,"100 ML",null,null,null,1,null,"100 ML",{"$f":"+IF($L$148>0,$L$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+IF($L$148<0,$L$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+$L$153","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[null,null,"5 ML",null,null,null,1]
[null,null,"25 ML",null,null,null,1]
[null,null,"50 ML",null,null,null,1]
[null,null,"100 ML",null,null,null,1]
[]
[]
[]
[]
[null,null,null,{"$f":"\"Total GHG Emissions for Ethanol production from \"&'Data Entry Needs'!$G$11&\" \"","v":"Total GHG Emissions for Ethanol production from   "}]
[]
[]
[null,null,null,null,null,null,null,null,"Feedstock Transport",{"$f":"+$F$38","v":{"$error":"#N/A"}},"Residue Transport",{"$f":"+$K$38","v":{"$error":"#N/A"}}]
[null,null,null,null,"Results expressed in kgCO2eq per liter"]
[null,null,null,{"$f":"\"Comparative emissions of \"&\"gasoline fuel\"","v":"Comparative emissions of gasoline fuel"},null,{"$f":"$T$263*$R$263*$S$263","v":2.7987255950000001},null,null,"Energy Technology",{"$f":"+IF(NOT(D$60),\"Conventional fossil fuel based\",$F$99&\"-\"&$E$101)","v":"Simple-Condensing Turbine"}]
[null,null,null,"Capacities","Scenario 1","Scenario 2","Scenario 3",null,"Fuel Efficiency Utilization Factor"]
[null,null,null,"5 ML",{"$f":"+AI261","v":{"$error":"#DIV/0!"}},{"$f":"+AJ261","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},null,"5 ML","25 ML","50 ML","100 ML"]
[null,null,null,"25 ML",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,{"$f":"+IF(NOT($D$60),I$74&\"  \",$E$20&\" \"&$F$111&IF(AND(I$125=0%,I$126=0%),\" only\",\" & \"&$I$135))","v":"   only"},{"$f":"+IF(NOT($D$60),J$74&\"  \",$E$20&\" \"&$F$111&IF(AND(J$125=0%,J$126=0%),\" only\",\" & \"&$I$135))","v":"   only"},{"$f":"+IF(NOT($D$60),K$74&\"  \",$E$20&\" \"&$F$111&IF(AND(K$125=0%,K$126=0%),\" only\",\" & \"&$I$135))","v":"   only"},{"$f":"+IF(NOT($D$60),L$74&\"  \",$E$20&\" \"&$F$111&IF(AND(L$125=0%,L$126=0%),\" only\",\" & \"&$I$135))","v":"   only"}]
[null,null,null,"50 ML",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,"100 ML",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,{"$f":"+Y$308","v":{"$error":"#DIV/0!"}},{"$f":"+Z$308","v":{"$error":"#DIV/0!"}},{"$f":"+AA$308","v":{"$error":"#DIV/0!"}},{"$f":"+AB$308","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstock",{"$f":"+'Data Entry Needs'!$G$11","v":" "},null,null,"Cogen Selection",{"$f":"+VLOOKUP($F$99,$Q$254:$T$256,4,FALSE)","v":1},"CH4",21]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"NO2",310]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Emission Factor (KG CO2/MJ)","Fuel efficiency (MJ/t.km)","Transport exhaust gas emissions (gCH4/t.km)","Transport exhaust gas emissions (gN2O/t.km)","tCO2eq/tkm"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Truck for liquids (Diesel)",7.5390899999999997E-2,1.008,5.0000000000000001E-3,0,{"$f":"+R239*S239/1000+T239*$X$235/1000000+U239*$X$236/1000000","v":7.6099027199999988E-5}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Truck for dry product (Diesel)",7.5390899999999997E-2,2.0122857142857145,5.0000000000000001E-3,0,{"$f":"+R240*S240/1000+T240*$X$235/1000000+U240*$X$236/1000000","v":1.5181303105714288E-4}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ocean bulk carrier ",7.0985000000000006E-2,0.20358000000000001,2.9999999999999997E-4,7.2000000000000005E-4,1.4680626300000002E-5]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ship /product tanker 50kt ",7.0985000000000006E-2,0.12384000000000001,0,0,8.7907824000000011E-6]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Local (10 km) pipeline",0,0,0,0,0]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Rail ",{"$f":"AVERAGE(T274:T276)","v":2.5185185185185185E-2},0.21,0,0,5.2888888888888889E-6]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Truck for FFB transport (Diesel)",7.5390899999999997E-2,2.0122857142857145,5.0000000000000001E-3,0,1.5181303105714288E-4,null,0.63,"Boiler for heating"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Tanker truck MB2318 (Diesel)",7.5390899999999997E-2,2.16,0,0,1.62844344E-4,null,0.2,"Boiler for electricity"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Tanker truck with water cannons(Diesel)",7.5390899999999997E-2,0.93600000000000005,0,0,7.0565882400000005E-5]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Dumpster truck MB2213 for filter mud transport",7.5390899999999997E-2,3.6,0,0,2.7140724E-4]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Output calculated using formulas presented in: ",null,"http://www.epa.gov/chp/basic/methods.html"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Cogeneration",null,null,"Number ","Thermal Efficiency","Electric efficiency"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Please select","Technolgy","Product",0,0.2,0.2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Simple","Condensing Turbine","Power Only",1,0.2,0.2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Semi-Advanced","\nBack-pressure Steam Turbine","Heat and Power",2,0.63,0.2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Advanced","BIGCC (Biomass Gasification Combined Cycle)","Heat and Power",3,0.71,0.3]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Options"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Please select"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Option 1",null,null,null,null,null,null,null,null,null,null,"SC1","SC2","SC3",null,null,null,"TOTAL"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Option 2",null,null,null,null,null,null,null,null,null,null,"Feedstock Production","Feedstock Production","Feedstock Production","Feedstock Transportation","Biofuel Production","Residues Transportation",null,"SC1","SC2","SC3"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Fuel","Calorific Value (MJ/Kg)","Density (kg/L)","kg CO2e/MJ",null,null,null,null,null,null,5,{"$f":"+E25","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+$G42","v":{"$error":"#N/A"}},{"$f":"+IF($D$60,I$148,I$79)","v":{"$error":"#DIV/0!"}},{"$f":"+$L42","v":{"$error":"#N/A"}},5000000,{"$f":"+(AB261+$AE261+$AF$261+$AG261)*1000/$AH261","v":{"$error":"#DIV/0!"}},{"$f":"+(AC261+$AE261+$AF$261+$AG261)*1000/$AH261","v":{"$error":"#DIV/0!"}},{"$f":"+(AD261+$AE261+$AF$261+$AG261)*1000/$AH261","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Please Select",null,null,null,null,null,null,null,null,null,25,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+$G43","v":{"$error":"#N/A"}},{"$f":"+IF($D$60,J$148,J$79)","v":{"$error":"#DIV/0!"}},{"$f":"+$L43","v":{"$error":"#N/A"}},25000000,{"$f":"+(AB262+$AE262+$AF262+$AG262)*1000/$AH262","v":{"$error":"#DIV/0!"}},{"$f":"+(AC262+$AE262+$AF262+$AG262)*1000/$AH262","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Gasoline",44.3,0.89,7.0985000000000006E-2,null,null,null,null,null,null,50,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+$G44","v":{"$error":"#N/A"}},{"$f":"+IF($D$60,K$148,K$79)","v":{"$error":"#DIV/0!"}},{"$f":"+$L44","v":{"$error":"#N/A"}},50000000,{"$f":"+(AB263+$AE263+$AF263+$AG263)*1000/$AH263","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Diesel Oil",43,0.73721999999999999,7.5390899999999997E-2,null,null,null,null,null,null,100,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+$G45","v":{"$error":"#N/A"}},{"$f":"+IF($D$60,L$148,L$79)","v":{"$error":"#DIV/0!"}},{"$f":"+$L45","v":{"$error":"#N/A"}},100000000,{"$f":"+(AB264+$AE264+$AF264+$AG264)*1000/$AH264","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Waste Oil / Lubrificants",40.200000000000003,0.95,7.4590899999999988E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"LPG",47.3,0.54500000000000004,6.4463999999999994E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Natural Gas",48,0.65,{"$f":"0.0156","v":1.5599999999999999E-2}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Peat",9.76,0.68235294117647061,4.86E-4]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Butane",45.27677203684572,2,1.9480010617414268E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Propane",46.295535660398848,1.92,1.7257603537859503E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Methanol",20.093562745097504,0.79179999999999995,8.6423182179058061E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",26.95163409308779,0.78900000000000003,4.2277931942379249E-3]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Biodiesel",{"$f":"35.7/0.88","v":40.56818181818182},0.88,4.2590356310978073E-3]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Other bituminous coal",22.7322030001394,0,2.3333333333333334E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sub bituminous coal",26.121512445062798,0,2.5833333333333333E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignite brown coal",28.610197070281195,0,2.6388888888888889E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Wood",19.551069237418005,0,5.1966467289447192E-7]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Please select",1,"Steam @10 Bar",2013.56,"MJ/t"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstock",2,"syngas yield",3.29,"m3/kg biomass","Assuming optimal conditions","Peres, A., B. H. Lunelli, et al. (2013). \"Application of biomass to hydrogen and syngas production.\" Chemical Engineering Transactions 32: 589-594."]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Product",3,"Density Syngas",0.95,"Kg/m3"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Calorific Value ",9,"MJ/m3","Cogeneration plant using o2 as oxygenant","http://scialert.net/fulltext/?doi=ajsr.2013.187.196&org=11"]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total Emissions"]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Step 1 - Feedstock"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"tCO2eq/year",null,null,null,null,null,null,5,25,50,100]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 1","Scenario 2","Scenario 3",null,null,null,"Fuel Utilization Efficiency",{"$f":"IF(NOT($D$60),(I$54*3.6+I$53)/(I$76*I$75),(I$122*3.6+I$119)/($F$113*I116+I$136*I$137))","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($D$60),(J$54*3.6+J$53)/(J$76*J$75),(J$122*3.6+J$119)/($F$113*J116+J$136*J$137))","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($D$60),(K$54*3.6+K$53)/(K$76*K$75),(K$122*3.6+K$119)/($F$113*K116+K$136*K$137))","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($D$60),(L$54*3.6+L$53)/(L$76*L$75),(L$122*3.6+L$119)/($F$113*L116+L$136*L$137))","v":{"$error":"#DIV/0!"}},"http://www.colpan.org/publications/thesis/MSc.pdf"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"5 ML",{"$f":"E25","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"25 ML",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"50 ML",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"100ML",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IFERROR(IF(SUM(R316:R319)>0,\"Sc1+\",\"\"),\"\")","v":""},{"$f":"IFERROR(IF(SUM(S316:S319)<0,\"Sc1-\",\"\"),\"\")","v":""},{"$f":"IFERROR(IF(SUM(T316:T319)>0,\"Sc2+\",\"\"),\"\")","v":""},{"$f":"IFERROR(IF(SUM(U316:U319)<0,\"Sc2-\",\"\"),\"\")","v":""},{"$f":"IFERROR(IF(SUM(V316:V319)>0,\"Sc3+\",\"\"),\"\")","v":""},{"$f":"IFERROR(IF(SUM(W316:W319)<0,\"Sc3-\",\"\"),\"\")","v":""}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"5 ML",{"$f":"+IF($R309>0,$R309,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($R309<0,$R309,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S309>0,$S309,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S309<0,$S309,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T309>0,$T309,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T309<0,$T309,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"25 ML",{"$f":"+IF($R310>0,$R310,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($R310<0,$R310,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S310>0,$S310,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S310<0,$S310,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T310>0,$T310,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T310<0,$T310,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"50 ML",{"$f":"+IF($R311>0,$R311,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($R311<0,$R311,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S311>0,$S311,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S311<0,$S311,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T311>0,$T311,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T311<0,$T311,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"100ML",{"$f":"+IF($R312>0,$R312,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($R312<0,$R312,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S312>0,$S312,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S312<0,$S312,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T312>0,$T312,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T312<0,$T312,\"\")","v":{"$error":"#DIV/0!"}}]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Step 2 - Transport"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"operating hours per year",{"$f":"'Data Entry Needs'!$G$43*24","v":0},"h/y"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstock Transport","Transport",null,null,"Processing Residue","Transport type",null,"_FS3","Feedstock type","Pretreatment Technology",null,null,null,"Solids available for cogeneration"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Barley straw","Truck for dry product (Diesel)",null,"Barley straw","Sludge","Tanker truck MB2318 (Diesel)",null,"residue production",null,{"$f":"Allocator!$D$4","v":"DA"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Maize stover","Truck for dry product (Diesel)",null,"Maize stover","Sludge","Tanker truck MB2318 (Diesel)",null,"AJ","AL","AN","AP",null,null,"AI","AK","AM","AO"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Oat straw","Truck for dry product (Diesel)",null,"Oat straw","Sludge","Tanker truck MB2318 (Diesel)",null,"5ML","25ML","50ML","100ML",null,null,"5ML","25ML","50ML","100ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Rice straw","Truck for dry product (Diesel)",null,"Rice straw","Sludge","Tanker truck MB2318 (Diesel)",null,"ktonne/year","ktonne/year","ktonne/year","ktonne/year",null,null,"ktonne/year","ktonne/year","ktonne/year","ktonne/year"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sorghum straw","Truck for dry product (Diesel)",null,"Sorghum straw","Sludge","Tanker truck MB2318 (Diesel)",null,{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&X$326&38)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&Y$326&38)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&Z$326&38)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AA$326&38)","v":{"$error":"#DIV/0!"}},null,"Lignin",{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AD$326&43)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AE$326&43)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AF$326&43)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AG$326&43)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Wheat straw","Truck for dry product (Diesel)",null,"Wheat straw","Sludge","Tanker truck MB2318 (Diesel)",null,null,null,null,null,null,"Yeast",{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AD$326&44)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AE$326&44)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AF$326&44)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AG$326&44)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sugarcane bagasse","Truck for dry product (Diesel)",null,"Sugarcane bagasse","Sludge","Tanker truck MB2318 (Diesel)",null,"Energy consumption before integration with cogeneration system",null,null,null,null,"Total",{"$f":"SUM(AD329:AD330)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AE329:AE330)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AF329:AF330)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AG329:AG330)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Oil palm empty fruit bunch","Truck for dry product (Diesel)",null,"Oil palm empty fruit bunch","Sludge","Tanker truck MB2318 (Diesel)",null,"Steam required - MJ/h",{"$f":"INDIRECT((\"B_\"&$Z$325&X324&\"!AB25\"))","v":269000},"Steam - MJ/L",{"$f":"Y332/Y334","v":{"$error":"#DIV/0!"}},null,"Average Heating Value",{"$f":"INDIRECT((\"B_\"&$Z$325&X324&\"!j103\"))","v":{"$error":"#DIV/0!"}},"MJ/kg"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Spruce forest residues","Truck for dry product (Diesel)",null,"Spruce forest residues","Sludge","Tanker truck MB2318 (Diesel)",null,"Electricity required -kWh/h",{"$f":"INDIRECT((\"B_\"&$Z$325&X324&\"!AB26\"))","v":19000},"Electricity - kWh/L",{"$f":"Y333/Y334","v":{"$error":"#DIV/0!"}},null,null,"Energy cogenerated"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Miscanthus giganteus","Truck for dry product (Diesel)",null,"Miscanthus giganteus","Sludge","Tanker truck MB2318 (Diesel)",null,"Ethanol produced - L/h",{"$f":"INDIRECT((\"B_\"&$Z$325&X324&\"!P72\"))","v":0},null,null,null,null,"AI","AJ","AK","AL"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Napier grass","Truck for dry product (Diesel)",null,"Napier grass","Sludge","Tanker truck MB2318 (Diesel)",null,null,null,null,null,null,null,"5ML","25ML","50ML","100ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Arundo donax","Truck for dry product (Diesel)",null,"Arundo donax","Sludge","Tanker truck MB2318 (Diesel)",null,"5ML","25ML","50ML","100ML",null,"Electricity - kW",{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AD$334&81)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AE$334&81)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AF$334&81)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AG$334&81)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Switchgrass","Truck for dry product (Diesel)",null,"Switchgrass","Sludge","Tanker truck MB2318 (Diesel)",null,5,25,50,100,null,"Steam - MW",{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AD$334&82)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AE$334&82)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AF$334&82)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AG$334&82)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Willow","Truck for dry product (Diesel)",null,"Willow","Sludge","Tanker truck MB2318 (Diesel)","Steam - 1000 MJ/y",{"$f":"$AA$332*X337*1000000/1000","v":{"$error":"#DIV/0!"}},{"$f":"$AA$332*Y337*1000000/1000","v":{"$error":"#DIV/0!"}},{"$f":"$AA$332*Z337*1000000/1000","v":{"$error":"#DIV/0!"}},{"$f":"$AA$332*AA337*1000000/1000","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Poplar","Truck for dry product (Diesel)",null,"Poplar","Sludge","Tanker truck MB2318 (Diesel)","Electricity - 1000 kWh/y",{"$f":"$AA$333*X337*1000000/1000","v":{"$error":"#DIV/0!"}},{"$f":"$AA$333*Y337*1000000/1000","v":{"$error":"#DIV/0!"}},{"$f":"$AA$333*Z337*1000000/1000","v":{"$error":"#DIV/0!"}},{"$f":"$AA$333*AA337*1000000/1000","v":{"$error":"#DIV/0!"}},null,"Electricity - 1000 kWh/y",{"$f":"AD336*3600*$AD$323/(1000*3.6*1000)","v":{"$error":"#DIV/0!"}},{"$f":"AE336*3600*$AD$323/(1000*3.6*1000)","v":{"$error":"#DIV/0!"}},{"$f":"AF336*3600*$AD$323/(1000*3.6*1000)","v":{"$error":"#DIV/0!"}},{"$f":"AG336*3600*$AD$323/(1000*3.6*1000)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Spruce","Truck for dry product (Diesel)",null,"Spruce","Sludge","Tanker truck MB2318 (Diesel)",null,null,null,null,null,null,"Steam - 1000 MJ/y",{"$f":"AD337*3600*$AD$323/1000","v":{"$error":"#DIV/0!"}},{"$f":"AE337*3600*$AD$323/1000","v":{"$error":"#DIV/0!"}},{"$f":"AF337*3600*$AD$323/1000","v":{"$error":"#DIV/0!"}},{"$f":"AG337*3600*$AD$323/1000","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"energy supplied","AI","AJ","AK","AL"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Cogeneration fossil energy",null,null,null,null,null,null,"5ML","25ML","50ML","100ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Electrical efficiency",{"$f":"Allocator!$J$24","v":0.2},null,null,null,null,null,5,25,50,100]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Thermal Efficiency",{"$f":"Allocator!$J$25","v":0.2},null,null,null,null,"Electricity Supplied (%)",{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&X$342&83)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&Y$342&83)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&Z$342&83)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AA$342&83)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"(R345-R344)/(1-(R344/Allocator!$I$15))","v":0},null,null,null,null,"Steam Supplied (%)",{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&X$342&84)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&Y$342&84)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&Z$342&84)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AA$342&84)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"5ML","25ML","50ML","100ML",null,"For figures",1,1,1,1]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Electricity required - MJ/year",{"$f":"(I126*I54*1000*3.6)","v":{"$error":"#DIV/0!"}},{"$f":"(J126*J54*1000*3.6)","v":{"$error":"#DIV/0!"}},{"$f":"(K126*K54*1000*3.6)","v":{"$error":"#DIV/0!"}},{"$f":"(L126*L54*1000*3.6)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Fuel required - MJ/year",{"$f":"R348/($R$345-$R$346)","v":{"$error":"#DIV/0!"}},{"$f":"S348/($R$345-$R$346)","v":{"$error":"#DIV/0!"}},{"$f":"T348/($R$345-$R$346)","v":{"$error":"#DIV/0!"}},{"$f":"U348/($R$345-$R$346)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Fuel required - t/year",{"$f":"R349/(I136*1000)","v":{"$error":"#DIV/0!"}},{"$f":"S349/(J136*1000)","v":{"$error":"#DIV/0!"}},{"$f":"T349/(K136*1000)","v":{"$error":"#DIV/0!"}},{"$f":"U349/(L136*1000)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"5ML","25ML","50ML","100ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Extra steam required - MJ/year",{"$f":"I125*I53*1000","v":{"$error":"#DIV/0!"}},{"$f":"J125*J53*1000","v":{"$error":"#DIV/0!"}},{"$f":"K125*K53*1000","v":{"$error":"#DIV/0!"}},{"$f":"L125*L53*1000","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Fuel required - MJ/year",{"$f":"R353/0.63","v":{"$error":"#DIV/0!"}},{"$f":"S353/0.63","v":{"$error":"#DIV/0!"}},{"$f":"T353/0.63","v":{"$error":"#DIV/0!"}},{"$f":"U353/0.63","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Fuel required - tonne/year",{"$f":"R354/(I136*1000)","v":{"$error":"#DIV/0!"}},{"$f":"S354/(J136*1000)","v":{"$error":"#DIV/0!"}},{"$f":"T354/(K136*1000)","v":{"$error":"#DIV/0!"}},{"$f":"U354/(L136*1000)","v":{"$error":"#DIV/0!"}}]
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{"sheet":"PRICE_RES4","index":54,"n_rows":48,"n_cols":22,"rows_kept":48,"cut":false,"hidden":true,"merged":[[2,2,2,9],[5,2,5,3],[5,4,5,6],[12,2,13,9],[25,3,25,7]]}
[]
[]
[null,null,{"$f":"+\"COLLECTION COSTS CALCULATOR FOR \"&UPPER('Data Entry Needs'!$H$11)","v":"COLLECTION COSTS CALCULATOR FOR  "},null,null,null,null,null,null,null,null,null,null,null,null,"Sources of biomass","No.","Selection2","Number","Mechanized","Number of skilled workers","person-hour/ha"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Agriculture residues spread in the field",1,{"$f":"+$F$11","v":"Semi-mechanized"},null,"Mechanized2","Skilled labour wage","USD/person-hour"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Agriculture residues collected from field",2,"Selection1",1,"Mechanized4","Average fuel economy","l/h"]
[null,null,"Use white cells to input data",null,"Grey cells are used for calculations",null,null,null,null,null,null,null,null,null,null,"Agriculture residues from food processing plant",3,{"$f":"+VLOOKUP($C$11,$P$3:$Q$10,2,FALSE)","v":1},2,"Mechanized5","Fuel price","USD/l"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Forestry ",4,null,3,"Semi-mechanized","Number of skilled workers","person-hour/ha"]
[null,null,"Biomass Collection Definition",null,null,null,null,null,null,null,null,null,null,null,null,"Forestry and plantation residues",5,null,4,"Semi-mechanized1","Number of unskilled workers","person-hour/ha"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Residues from wood industry",6,null,5,"Semi-mechanized2","Skilled labour wage","USD/person-hour"]
[null,null,"Sources of biomass",null,null,"Collecting method",null,null,null,null,null,null,null,null,null,"Dedicated wood energy plantation ",7,null,null,"Semi-mechanized3","Unskilled labour wage","USD/person-hour"]
[null,null,"Agriculture residues spread in the field",null,null,"Semi-mechanized",null,null,null,null,null,null,null,null,null,"Collection method",null,null,null,"Semi-mechanized4","Average fuel economy","l/h"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Mechanized",null,null,null,"Semi-mechanized5","Fuel Price","USD/l"]
[null,null,{"$f":"IF($R$6=7,\"Warning: Selecting this option you are assuming that briquette producer owns the wood plantation. Then, feedstock price is equal to production cost. \",IF(OR($R$6=1,$R$6=5,$R$6=4),\"Biomass Collection Definition\",\"Warning: Selecting this option you are assuming that this type of biomass is already collected. Then, only transportation cost should be considered. \"))","v":"Biomass Collection Definition"},null,null,null,null,null,null,null,null,null,null,null,null,"Semi-mechanized",null,null,null,"Manual","Number of unskilled workers","person-hour/ha"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Manual",null,null,null,"Manual2","Unskilled labour wage","USD/person-hour"]
[]
[null,null,"Biomass Price Definition"]
[null,null,"Labour cost","Quantity","Unit","Quantity",null,"Unit","Total","Unit"]
[null,null,{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S4,$T$3:$V$14,2,FALSE),\"\"),\"\")","v":"Number of skilled workers"},null,{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S4,$T$3:$V$23,3,FALSE),\"\"),\"\")","v":"person-hour/ha"},{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S6,$T$3:$V$14,2,FALSE),\"\"),\"\")","v":"Skilled labour wage"},{"$f":"IF(F18=\"\",\"\",IF(F18=\"unskilled labour wage\",'Data Entry Needs'!D45,IF(F18=\"skilled labour wage\",'Data Entry Needs'!$D$46)))","v":0},{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S6,$T$3:$V$20,3,FALSE),\"\"),\"\")","v":"USD/person-hour"},{"$f":"+IFERROR(G18*D18*IF($F$11=\"Manual\",(STORAGE_FS4!$F$38/STORAGE_FS4!$F$10)*(COST_FS4!$D$9/COST_FS4!$D$10),(COST_FS4!$D$9/COST_FS4!$D$10)*(STORAGE_FS4!$F$38/STORAGE_FS4!$F$10)),\"\")","v":""},{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"USD/year\",\"\")","v":"USD/year"}]
[null,null,{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S5,$T$3:$V$14,2,FALSE),\"\"),\"\")","v":"Number of unskilled workers"},null,{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S5,$T$3:$V$23,3,FALSE),\"\"),\"\")","v":"person-hour/ha"},{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S7,$T$3:$V$14,2,FALSE),\"\"),\"\")","v":"Unskilled labour wage"},{"$f":"IF(F19=\"\",\"\",'Data Entry Needs'!$D$45)","v":0},{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S7,$T$3:$V$27,3,FALSE),\"\"),\"\")","v":"USD/person-hour"},{"$f":"+IFERROR(G19*D19*IF($F$11=\"Manual\",(STORAGE_FS4!$F$38/STORAGE_FS4!$F$10)*(COST_FS4!$D$9/COST_FS4!$D$10),(COST_FS4!$D$9/COST_FS4!$D$10)*(STORAGE_FS4!$F$38/STORAGE_FS4!$F$10)),\"\")","v":""},{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"USD/year\",\"\")","v":"USD/year"}]
[null,null,null,{"$f":"+IF(AND(C18=\"\",C19=\"\"),0,IF(C18=\"\",D19,IF(C19=\"\",D18,D18+D19)))","v":0},null,null,null,{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"Subtotal\",\"\")","v":"Subtotal"},{"$f":"+SUMIF($I$18:$I$19,\">0\")","v":0},{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"USD/year\",\"\")","v":"USD/year"}]
[null,null,"Machinery & operating cost","Quantity","Unit","Quantity",null,"Unit","Total","Unit"]
[null,null,{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S8,$T$3:$V$14,2,FALSE),\"\"),\"\")","v":"Average fuel economy"},null,{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S8,$T$3:$V$27,3,FALSE),\"\"),\"\")","v":"l/h"},{"$f":"IF(OR($R$6=1,$R$6=4,$R$6=5),IFERROR(VLOOKUP($R$4&$S9,$T$3:$V$14,2,FALSE),\"\"),\"\")","v":"Fuel Price"},{"$f":"IF(F22=\"\",\"\",'Data Entry Needs'!$D$50)","v":0},{"$f":"+IFERROR(VLOOKUP($R$4&$S9,$T$3:$V$14,3,FALSE),\"\")","v":"USD/l"},{"$f":"+IFERROR(G22*D22*IF($F$11=\"Manual\",0,$D$18*'Data Entry Needs'!$H$12/'Data Entry Needs'!$H$92),\"\")","v":""},{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"USD/year\",\"\")","v":"USD/year"}]
[null,null,null,null,null,null,null,{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"Subtotal\",\"\")","v":"Subtotal"},{"$f":"+I22","v":""},{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"USD/year\",\"\")","v":"USD/year"}]
[null,null,null,null,null,null,null,{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"Total\",\"\")","v":"Total"},{"$f":"IFERROR(I20+I23,I20)","v":0},{"$f":"+IF(OR($R$6=1,$R$6=4,$R$6=5),\"USD/year\",\"\")","v":"USD/year"}]
[]
[null,null,null,{"$f":"IF($R$6=7,\"Production cost of \",\"Collection price of \")&'Data Entry Needs'!$E$11","v":"Collection price of  "},null,null,null,null,{"$f":"IFERROR(I24/'Data Entry Needs'!$H$12,\"\")","v":""},"USD/ton"]
[]
[]
[]
[]
[]
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[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Collection Method","Efficiency Factor"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Mechanized",1]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Semi-Mechanized",1]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Manual",1]

{"sheet":"STORAGE_FS4","index":55,"n_rows":83,"n_cols":37,"rows_kept":83,"cut":false,"hidden":true,"merged":[[21,5,21,14],[7,5,7,14],[2,2,2,15]]}
[]
[]
[null,null,{"$f":"+UPPER(\"Biomass storage calculation for \"&'Data Entry Needs'!$H$11)","v":"BIOMASS STORAGE CALCULATION FOR  "}]
[]
[null,null,"Biomass Safety Stock Rate Definition"]
[]
[]
[null,null,null,null,null,"Capacities (Million litres per year)"]
[null,null,null,"Unit",null,5,null,null,25,null,null,50,null,null,100]
[null,null,"Biomass consumption","t/year",null,{"$f":"+COST_FS4!$G$17","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+COST_FS4!$G$18","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+COST_FS4!$G$19","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+COST_FS4!$G$20","v":{"$error":"#DIV/0!"}}]
[null,null,null,"t/month",null,{"$f":"F10/12","v":{"$error":"#DIV/0!"}},null,null,{"$f":"I10/12","v":{"$error":"#DIV/0!"}},null,null,{"$f":"L10/12","v":{"$error":"#DIV/0!"}},null,null,{"$f":"O10/12","v":{"$error":"#DIV/0!"}}]
[null,null,null,"kg/day",null,{"$f":"F10/365","v":{"$error":"#DIV/0!"}},null,null,{"$f":"I10/365","v":{"$error":"#DIV/0!"}},null,null,{"$f":"L10/365","v":{"$error":"#DIV/0!"}},null,null,{"$f":"O10/365","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Biomass production within a specific distance","t/year",null,{"$f":"+COST_FS4!$D$9","v":0},null,null,{"$f":"F14","v":0},null,null,{"$f":"I14","v":0},null,null,{"$f":"L14","v":0}]
[]
[null,null,"Biomass safety stock rate",null,null,{"$f":"+F17/100","v":0.3},{"$f":"+G17/100","v":0.3},0.3,0.3,0.3,0.3,0.3,0.3,0.3,0.3]
[null,null,null,null,null,30,30,30,30,30,30,30,30,30,30]
[null,null,"Biomass stock pile capacity","t",null,{"$f":"+MAX(F25:F36)","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+MAX(I25:I36)","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+MAX(L25:L36)","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+MAX(O25:O36)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Maximum Storage Definition"]
[]
[null,null,null,null,null,"Capacities (Million litres per year)"]
[null,null,null,null,null,5,null,null,25,null,null,50,null,null,100,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Depletion time definition"]
[null,null,"Harvest Month Selection","Storage Month","Monthly Consumption (t/month)","Cumulative  Storage (ton)","Storage Depletion (t/month)","Monthly Consumption (t/month)","Cumulative  Storage (ton)","Storage Depletion (t/month)","Monthly Consumption (t/month)","Cumulative  Storage (ton)","Storage Depletion (t/month)","Monthly Consumption (t/month)","Cumulative  Storage (ton)","Storage Depletion (t/month)",null,null,null,null,null,null,null,null,null,null,null,"Harvest Period ","Harvest Period ","Depletion term","Depletion month","EQ term","Depletion time","Storageterm","Storage month","EQ term","Storage time"]
[null,null,"January",{"$f":"+IF($AC25=0,0,IF($AC25>$AC36,1,IF($AC25=$AC36,$D36+1,IF($AC36>$AC25,0))))","v":0},{"$f":"+F$11","v":{"$error":"#DIV/0!"}},{"$f":"+IF(AND($D$25=1,$D$36=0,$D$26=0),$F$11*$AG25+$F$11*$F$16,IF($D25>0,($AG25*$F$11/$AK25)*$D25+$F$11*$F$16,0))","v":0},{"$f":"IF(AND($D$25=1,$D$36=0,$D$26=0),$F$11*$AG25+$G$36-E25,IF($D25>0,IFERROR(($AG25*$F$11/$AK25)*$D25,\"\")+$F$11*$F$16,IF($D25=0,G36-E25)))","v":{"$error":"#VALUE!"}},{"$f":"+I$11","v":{"$error":"#DIV/0!"}},{"$f":"+IF(AND($D$25=1,$D$36=0,$D$26=0),$I$11*$AG25+$I$11*$I$16,IF($D25>0,($AG25*$I$11/$AK25)*$D25+$I$11*$I$16,0))","v":0},{"$f":"IF(AND($D$25=1,$D$36=0,$D$26=0),$I$11*$AG25+$J$36-H25,IF($D25>0,IFERROR(($AG25*$I$11/$AK25)*$D25,\"\")+$I$11*$I$16,IF($D25=0,J36-H25)))","v":{"$error":"#VALUE!"}},{"$f":"+L$11","v":{"$error":"#DIV/0!"}},{"$f":"+IF(AND($D$25=1,$D$36=0,$D$26=0),$L$11*$AG25+$L$11*$L$16,IF($D25>0,($AG25*$L$11/$AK25)*$D25+$L$11*$L$16,0))","v":0},{"$f":"IF(AND($D$25=1,$D$36=0,$D$26=0),$L$11*$AG25+$M$36-K25,IF($D25>0,IFERROR(($AG25*$L$11/$AK25)*$D25,\"\")+$L$11*$L$16,IF($D25=0,M36-K25)))","v":{"$error":"#VALUE!"}},{"$f":"+O$11","v":{"$error":"#DIV/0!"}},{"$f":"+IF(AND($D$25=1,$D$36=0,$D$26=0),$O$11*$AG25+$O$11*$O$16,IF($D25>0,($AG25*$O$11/$AK25)*$D25+$O$11*$O$16,0))","v":0},{"$f":"IF(AND($D$25=1,$D$36=0,$D$26=0),$O$11*$AG25+$P$36-N25,IF($D25>0,IFERROR(($AG25*$O$11/$AK25)*$D25,\"\")+$O$11*$O$16,IF($D25=0,P36-N25)))","v":{"$error":"#VALUE!"}},null,null,null,null,null,null,null,null,null,null,null,false,{"$f":"+N(AB25)","v":0},{"$f":"+IF(AND(AC26>AC25,AC25=0),\"Last\"&AF25,\"\")","v":""},{"$f":"+IF($AC25=1,0,IF($AC25<$AC36,1,IF($AC25=$AC36,$AE36+1,IF($AC36>$AC25,1))))","v":9},1,{"$f":"IFERROR(VLOOKUP(\"LAST\"&AF25,$AD$25:$AE$36,2,FALSE),AK25)","v":11},{"$f":"+IF(AND(AI25>AI26,AI26=0),\"Last\"&AJ25,\"\")","v":""},{"$f":"+IF($AC25=0,0,IF($AC25>$AC36,1,IF($AC25=$AC36,$AI36+1,IF($AC36>$AC25,0))))","v":0},1,{"$f":"IFERROR(VLOOKUP(\"LAST\"&AJ25,$AH$25:$AI$36,2,FALSE),VLOOKUP(\"LAST\"&1,$AH$25:$AI$36,2,FALSE))","v":1}]
[null,null,"February",{"$f":"+IF($AC26=0,0,IF($AC26>$AC25,1,IF($AC26=$AC25,$D25+1,IF($AC25>$AC26,0))))","v":0},{"$error":"#DIV/0!"},{"$f":"IF($D26>0,($AG26*$F$11/$AK26)*$D26+$F$11*$F$16,0)","v":0},{"$f":"+IF($D26>0,IFERROR(($AG26*$F$11/$AK26)*$D26,\"\")+$F$11*$F$16,IF($D26=0,G25-E26))","v":{"$error":"#VALUE!"}},{"$error":"#DIV/0!"},{"$f":"IF($D26>0,($AG26*$I$11/$AK26)*$D26+$I$11*$I$16,0)","v":0},{"$f":"+IF($D26>0,IFERROR(($AG26*$I$11/$AK26)*$D26,\"\")+$I$11*$I$16,IF($D26=0,J25-H26))","v":{"$error":"#VALUE!"}},{"$error":"#DIV/0!"},{"$f":"IF($D26>0,($AG26*$L$11/$AK26)*$D26+$L$11*$L$16,0)","v":0},{"$f":"+IF($D26>0,IFERROR(($AG26*$L$11/$AK26)*$D26,\"\")+$L$11*$L$16,IF($D26=0,M25-K26))","v":{"$error":"#VALUE!"}},{"$error":"#DIV/0!"},{"$f":"IF($D26>0,($AG26*$O$11/$AK26)*$D26+$O$11*$O$16,0)","v":0},{"$f":"+IF($D26>0,IFERROR(($AG26*$O$11/$AK26)*$D26,\"\")+$O$11*$O$16,IF($D26=0,P25-N26))","v":{"$error":"#VALUE!"}},null,null,null,null,null,null,null,null,null,null,null,false,{"$f":"+N(AB26)","v":0},{"$f":"+IF(AND(AC27>AC26,AC26=0),\"Last\"&AF26,\"\")","v":""},{"$f":"+IF($AC26=1,0,IF($AC26<$AC25,1,IF($AC26=$AC25,$AE25+1,IF($AC25>$AC26,1))))","v":10},{"$f":"+IF($AE25>$AE26,$AF25+1,$AF25)","v":1},{"$f":"IFERROR(VLOOKUP(\"LAST\"&AF26,$AD$25:$AE$36,2,FALSE),$AG$25)","v":11},{"$f":"+IF(AND(AI26>AI27,AI27=0),\"Last\"&AJ26,\"\")","v":""},{"$f":"+IF($AC26=0,0,IF($AC26>$AC25,1,IF($AC26=$AC25,$AI25+1,IF($AC25>$AC26,0))))","v":0},{"$f":"+IF($AI25>$AI26,$AJ25+1,$AJ25)","v":1},1]
[null,null,"March",0,{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,false,0,{"$f":"+IF(AND(AC28>AC27,AC27=0),\"Last\"&AF27,\"\")","v":"Last1"},11,1,11,{"$f":"+IF(AND(AI27>AI28,AI28=0),\"Last\"&AJ27,\"\")","v":""},0,1,1]
[null,null,"April",1,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,true,1,{"$f":"+IF(AND(AC29>AC28,AC28=0),\"Last\"&AF28,\"\")","v":""},0,2,11,{"$f":"+IF(AND(AI28>AI29,AI29=0),\"Last\"&AJ28,\"\")","v":"Last1"},1,1,1]
[null,null,"May",0,{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,false,0,"",1,2,11,{"$f":"+IF(AND(AI29>AI30,AI30=0),\"Last\"&AJ29,\"\")","v":""},0,2,1]
[null,null,"June",0,{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,false,0,"",2,2,11,"",0,2,1]
[null,null,"July",0,{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,false,0,"",3,2,11,"",0,2,1]
[null,null,"August",0,{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,false,0,"",4,2,11,"",0,2,1]
[null,null,"September",0,{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,false,0,"",5,2,11,"",0,2,1]
[null,null,"October",0,{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,false,0,"",6,2,11,"",0,2,1]
[null,null,"November",0,{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,false,0,"",7,2,11,"",0,2,1]
[null,null,"December",0,{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},{"$error":"#DIV/0!"},0,{"$error":"#VALUE!"},null,null,null,null,null,null,null,null,null,null,null,false,0,{"$f":"+IF(AND(AC25>AC36,AC36=0),\"Last\"&AF36,\"\")","v":""},8,2,11,{"$f":"+IF(AND(AI36>AI25,AI25=0),\"Last\"&AJ36,\"\")","v":""},0,2,1]
[]
[null,null,"Maximum Storage Capacity Required (ton)",null,null,{"$f":"+ROUNDUP(MAX(F24:F35),0)","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+ROUNDUP(MAX(I24:I35),0)","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+ROUNDUP(MAX(L24:L35),0)","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+ROUNDUP(MAX(O24:O35),0)","v":{"$error":"#DIV/0!"}}]
[null,null,"Minimum Safety Storage (ton)",null,null,{"$f":"+ROUNDUP(MIN(G24:G35),0)","v":{"$error":"#VALUE!"}},null,null,{"$f":"+ROUNDUP(MIN(J24:J35),0)","v":{"$error":"#VALUE!"}},null,null,{"$f":"+ROUNDUP(MIN(M24:M35),0)","v":{"$error":"#VALUE!"}},null,null,{"$f":"+ROUNDUP(MIN(P24:P35),0)","v":{"$error":"#VALUE!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"No. Storage Months",{"$f":"+COUNTIF(AC25:AC36,\">0\")","v":1}]
[null,null,"Monthly Consumption of Biomass Stocked",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total Depletion Period",{"$f":"12-AC40","v":11}]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"5&\" (ML/year)\"","v":"5 (ML/year)"},{"$f":"25&\" (ML/year)\"","v":"25 (ML/year)"},{"$f":"50&\" (ML/year)\"","v":"50 (ML/year)"},{"$f":"100&\" (ML/year)\"","v":"100 (ML/year)"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+LEFT(C25,3)","v":"Jan"},{"$f":"+G25","v":{"$error":"#VALUE!"}},{"$f":"+J25","v":{"$error":"#VALUE!"}},{"$f":"+M25","v":{"$error":"#VALUE!"}},{"$f":"+P25","v":{"$error":"#VALUE!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feb",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Mar",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Apr",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"May",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Jun",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+LEFT(C31,3)","v":"Jul"},{"$f":"+G31","v":{"$error":"#VALUE!"}},{"$f":"+J31","v":{"$error":"#VALUE!"}},{"$f":"+M31","v":{"$error":"#VALUE!"}},{"$f":"+P31","v":{"$error":"#VALUE!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Aug",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sep",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Oct",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Nov",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Dec",{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"}]

{"sheet":"COST_FS4","index":56,"n_rows":140,"n_cols":38,"rows_kept":140,"cut":false,"hidden":false,"merged":[[33,5,33,6],[33,7,33,8],[33,9,33,10],[33,11,33,12],[2,2,2,12],[5,3,5,5],[22,2,22,12],[24,2,26,2],[24,5,26,6],[24,9,26,10],[27,5,27,6],[27,9,27,10],[28,5,28,6],[28,9,28,10],[32,5,32,12],[39,2,40,2],[39,3,40,3],[45,2,46,2],[45,3,46,3],[54,2,55,2],[54,3,55,3],[60,2,61,2],[60,3,61,3],[67,2,68,2],[67,3,68,3],[73,2,74,2],[73,3,74,3],[150,29,150,31],[83,2,84,2],[83,3,84,3],[89,2,90,2],[89,3,90,3],[89,4,90,4],[96,2,97,2],[96,3,97,3]]}
[]
[]
[null,null,{"$f":"+UPPER(\" Processing costs for ethanol production from \"&'Data Entry Needs'!$H$11)","v":" PROCESSING COSTS FOR ETHANOL PRODUCTION FROM  "}]
[]
[]
[null,null,"Use white cells to input data","Grey cells are used for calculations"]
[null,null,"Summary of Feedstock and Storage",null,null,"Financial Parameters",null,null,null,"Investment Cost Update"]
[]
[null,null,"Feedstock available (t/year)",{"$f":"+'Data Entry Needs'!$H$12","v":0},null,"Discount rate (%)",null,{"$f":"+'Data Entry Needs'!D79","v":0},null,{"$f":"+'Data Entry Needs'!$F$80","v":"Plant Cost Index during 4/2017"},null,{"$f":"+'Data Entry Needs'!$H$80","v":0}]
[null,null,{"$f":"'Data Entry Needs'!$C$57&\" (USD/l)\"","v":"Ethanol storage cost (USD/l)"},{"$f":"'Data Entry Needs'!$D$57","v":0},null,"Loan interest rate (%)",null,{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,null,{"$f":"'Data Entry Needs'!$F$57","v":"Storage rate of ethanol"},{"$f":"'Data Entry Needs'!$H$57","v":0},null,"Loan term (years)",null,{"$f":"+'Data Entry Needs'!D81","v":0}]
[null,null,"Feedstock storage cost (USD/t)",{"$f":"+'Data Entry Needs'!$E$19","v":0}]
[]
[]
[]
[null,null,"Transport Distance of Feedstock",null,"Transport Quantity"]
[null,null,"Distance SIZE 1 (5 ML) (km)",null,"Size 1 (t/year)",null,{"$f":"+$F$42","v":{"$error":"#DIV/0!"}}]
[null,null,"Distance SIZE 2 (25 ML) (km)",null,"Size 2 (t/year)",null,{"$f":"+$H$42","v":{"$error":"#DIV/0!"}}]
[null,null,"Distance SIZE 3 (50 ML) (km)",null,"Size 3 (t/year)",null,{"$f":"+$J$42","v":{"$error":"#DIV/0!"}}]
[null,null,"Distance SIZE 4 (100 ML) (km)",null,"Size 4 (t/year)",null,{"$f":"+$L$42","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Feedstock Production Schemes"]
[null,null,"PLEASE INCLUDE AT LEAST ONE SCENARIO TO OBTAIN RESULTS"]
[null,null,"Scenario 1: Own Production",null,null,"Scenario 2: Mixed",null,null,null,"Scenario 3: Outgrowers"]
[null,null,{"$f":"+\"Description: 100% of \"&'Data Entry Needs'!$H$11&\" feedstock collected on site\"","v":"Description: 100% of   feedstock collected on site"},null,null,{"$f":"+\"Description: \"&$AC$139&\"% of \"&'Data Entry Needs'!$H$11&\" feedstock produced directly by processing plant, and \"&(100-$AC$139)&\"% provided by outgrowers at market price.\"","v":"Description: 60% of   feedstock produced directly by processing plant, and 40% provided by outgrowers at market price."},null,null,null,{"$f":"+\"Description: 100% of \"&'Data Entry Needs'!$H$11&\" feedstock is provided by outgrowers at market price.\"","v":"Description: 100% of   feedstock is provided by outgrowers at market price."}]
[]
[]
[null,null,null,null,null,{"$f":"\"Feedstock Price = \"&$AC$139&\"%*Own Production Cost + \"&(100-$AC$139)&\"%*Outgrowers Cost\"","v":"Feedstock Price = 60%*Own Production Cost + 40%*Outgrowers Cost"},null,null,null,"Feedstock Price = 100%*Market Price or Collection Cost","Feedstock Price = 100%*Production Cost"]
[null,null,{"$f":"IF('Data Entry Needs'!H10 = \"Ligno. Residues\",0,+'Data Entry Needs'!$H$14)","v":0},null,null,{"$f":"C29*COST_FS4!$AB$140+J29*COST_FS4!$AB$139","v":0},null,null,null,{"$f":"IF('Data Entry Needs'!H10=\"Ligno. Energy Crops\",'Data Entry Needs'!$H$15,IF('Data Entry Needs'!C18,'Data Entry Needs'!H18,'Data Entry Needs'!H17))","v":0}]
[]
[null,null,"Production Cost Details"]
[]
[null,null,null,null,null,"Capacities (Million litres per year)"]
[null,null,null,null,null,5,null,25,null,50,null,100]
[null,null,null,null,null,"Operating hours per year",{"$f":"+'Data Entry Needs'!$G$43*24","v":0},"Operating hours per year",{"$f":"+'Data Entry Needs'!$G$43*24","v":0},"Operating hours per year",{"$f":"+'Data Entry Needs'!$G$43*24","v":0},"Operating hours per year",{"$f":"+'Data Entry Needs'!$G$43*24","v":0}]
[null,null,"Scenario 1: Own Production"]
[null,null,"Scenario 2: Mixed"]
[null,null,"Scenario 3: Outgrowers"]
[]
[null,null,"Feedstock","Unit","Unit Price","Quantity ","Total","Quantity ","Total","Quantity ","Total","Quantity ","Total"]
[null,null,null,null,"(USD)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)"]
[null,null,{"$f":"+'Data Entry Needs'!$H$11&\" Scenario 1\"","v":"  Scenario 1"},{"$f":"Allocator!C35","v":"t/year"},{"$f":"+$C$29","v":0},{"$f":"+Allocator!$D$83","v":{"$error":"#DIV/0!"}},{"$f":"+F42*E42","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$E$83","v":{"$error":"#DIV/0!"}},{"$f":"+H42*$E42","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$F$83","v":{"$error":"#DIV/0!"}},{"$f":"+J42*$E42","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$G$83","v":{"$error":"#DIV/0!"}},{"$f":"+L42*$E42","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"+'Data Entry Needs'!$H$11&\" Scenario 2\"","v":"  Scenario 2"},{"$f":"D42","v":"t/year"},{"$f":"+$F$29","v":0},{"$f":"+Allocator!$D$83","v":{"$error":"#DIV/0!"}},{"$f":"+F43*E43","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$E$83","v":{"$error":"#DIV/0!"}},{"$f":"+H43*$E43","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$F$83","v":{"$error":"#DIV/0!"}},{"$f":"+J43*$E43","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$G$83","v":{"$error":"#DIV/0!"}},{"$f":"+L43*$E43","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"+'Data Entry Needs'!$H$11&\" Scenario 3\"","v":"  Scenario 3"},{"$f":"D43","v":"t/year"},{"$f":"+J29","v":0},{"$f":"+Allocator!$D$83","v":{"$error":"#DIV/0!"}},{"$f":"+F44*E44","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$E$83","v":{"$error":"#DIV/0!"}},{"$f":"+H44*$E44","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$F$83","v":{"$error":"#DIV/0!"}},{"$f":"+J44*$E44","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$G$83","v":{"$error":"#DIV/0!"}},{"$f":"+L44*$E44","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Other chemical inputs","Unit","Unit Price","Quantity ","Total","Quantity ","Total","Quantity ","Total","Quantity ","Total"]
[null,null,null,null,"(USD)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)"]
[null,null,{"$f":"Allocator!B36","v":"Sulfuric Acid"},{"$f":"Allocator!C36","v":"t/year"},{"$f":"'Data Entry Needs'!D34","v":0},{"$f":"Allocator!D84","v":{"$error":"#DIV/0!"}},{"$f":"+F48*E48","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E84","v":{"$error":"#DIV/0!"}},{"$f":"+H48*$E48","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F84","v":{"$error":"#DIV/0!"}},{"$f":"+J48*$E48","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G84","v":{"$error":"#DIV/0!"}},{"$f":"+L48*$E48","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"Allocator!B37","v":"Water"},{"$f":"Allocator!C37","v":"m3/year"},{"$f":"'Data Entry Needs'!D39","v":0},{"$f":"Allocator!D85","v":{"$error":"#DIV/0!"}},{"$f":"+F49*E49","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E85","v":{"$error":"#DIV/0!"}},{"$f":"+H49*$E49","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F85","v":{"$error":"#DIV/0!"}},{"$f":"+J49*$E49","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G85","v":{"$error":"#DIV/0!"}},{"$f":"+L49*$E49","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"Allocator!B38","v":"Ammonia"},{"$f":"Allocator!C38","v":"t/year"},{"$f":"'Data Entry Needs'!D32","v":0},{"$f":"Allocator!D86","v":{"$error":"#DIV/0!"}},{"$f":"+F50*E50","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E86","v":{"$error":"#DIV/0!"}},{"$f":"+H50*$E50","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F86","v":{"$error":"#DIV/0!"}},{"$f":"+J50*$E50","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G86","v":{"$error":"#DIV/0!"}},{"$f":"+L50*$E50","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"Allocator!B39","v":"Enzyme"},{"$f":"Allocator!C39","v":"t/year"},{"$f":"'Data Entry Needs'!G32","v":0},{"$f":"Allocator!D87","v":{"$error":"#DIV/0!"}},{"$f":"+F51*E51","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E87","v":{"$error":"#DIV/0!"}},{"$f":"+H51*$E51","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F87","v":{"$error":"#DIV/0!"}},{"$f":"+J51*$E51","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G87","v":{"$error":"#DIV/0!"}},{"$f":"+L51*$E51","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"Allocator!B40","v":"Yeast"},{"$f":"Allocator!C40","v":"t/year"},{"$f":"'Data Entry Needs'!D33","v":0},{"$f":"Allocator!D88","v":{"$error":"#DIV/0!"}},{"$f":"+F52*E52","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E88","v":{"$error":"#DIV/0!"}},{"$f":"+H52*$E52","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F88","v":{"$error":"#DIV/0!"}},{"$f":"+J52*$E52","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G88","v":{"$error":"#DIV/0!"}},{"$f":"+L52*$E52","v":{"$error":"#DIV/0!"}}]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G48:G52)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I48:I52)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K48:K52)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M48:M52)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Energy inputs","Unit","Unit Price","Quantity ","Total","Quantity ","Total","Quantity ","Total","Quantity ","Total"]
[null,null,null,null,"(USD)","(Unit)","(USD/year)","(Unit/year)","(USD/year)","(Unit/year)","(USD/year)","(Unit/year)","(USD/year)"]
[null,null,{"$f":"Allocator!B41","v":"Steam"},{"$f":"Allocator!C41","v":"t/y"},{"$f":"'Data Entry Needs'!D38","v":0},{"$f":"Allocator!D89","v":{"$error":"#DIV/0!"}},{"$f":"+F57*E57","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E89","v":{"$error":"#DIV/0!"}},{"$f":"+H57*$E57","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F89","v":{"$error":"#DIV/0!"}},{"$f":"+J57*$E57","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G89","v":{"$error":"#DIV/0!"}},{"$f":"+L57*$E57","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"Allocator!B42","v":"Electricity"},{"$f":"Allocator!C42","v":"kWh/y"},{"$f":"'Data Entry Needs'!D40","v":0},{"$f":"Allocator!D90","v":{"$error":"#DIV/0!"}},{"$f":"+F58*E58","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E90","v":{"$error":"#DIV/0!"}},{"$f":"+H58*$E58","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F90","v":{"$error":"#DIV/0!"}},{"$f":"+J58*$E58","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G90","v":{"$error":"#DIV/0!"}},{"$f":"+L58*$E58","v":{"$error":"#DIV/0!"}}]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G57:G58)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I57:I58)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K57:K58)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M57:M58)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Labour and miscellaneous cost","Unit","Unit Price","Quantity ","Total","Quantity ","Total","Quantity ","Total","Quantity ","Total"]
[null,null,null,null,"(USD/hour)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)"]
[null,null,"Unskilled worker","# Employee",{"$f":"+'Data Entry Needs'!$D$43","v":0},{"$f":"+IF((F34/3.785)<6,6,ROUND(F34/3.785,0))*3","v":18},{"$f":"+E63*F63*8000","v":0},{"$f":"+IF((H34/3.785)<6,6,ROUND(H34/3.785,0))*3","v":21},{"$f":"+$E63*H63*8000","v":0},{"$f":"+IF((J34/3.785)<6,6,ROUND(J34/3.785,0))*3","v":39},{"$f":"+$E63*J63*8000","v":0},{"$f":"+IF((L34/3.785)<6,6,ROUND(L34/3.785,0))*3","v":78},{"$f":"+$E63*L63*8000","v":0}]
[null,null,"Skilled worker","# Employee",{"$f":"+'Data Entry Needs'!$D$44","v":0},{"$f":"+ROUND(F63/4,0)","v":5},{"$f":"+E64*F64*8000","v":0},{"$f":"+ROUND(H63/4,0)","v":5},{"$f":"+$E64*H64*8000","v":0},{"$f":"+ROUND(J63/4,0)","v":10},{"$f":"+$E64*J64*8000","v":0},{"$f":"+ROUND(L63/4,0)","v":20},{"$f":"+$E64*L64*8000","v":0}]
[null,null,"Miscellaneous costs",null,null,{"$f":"+'Data Entry Needs'!$G$44","v":0},{"$f":"+F65*SUM(G63:G64)","v":0},{"$f":"+$F$65","v":0},{"$f":"+H65*SUM(I63:I64)","v":0},{"$f":"+H65","v":0},{"$f":"+J65*SUM(K63:K64)","v":0},{"$f":"+J65","v":0},{"$f":"+L65*SUM(M63:M64)","v":0}]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G63:G65)","v":0},null,{"$f":"SUM(I63:I65)","v":0},null,{"$f":"SUM(K63:K65)","v":0},null,{"$f":"SUM(M63:M65)","v":0}]
[]
[null,null,"Transportation","Unit","Unit Price","Quantity ","Total","Quantity ","Total","Quantity ","Total","Quantity ","Total"]
[null,null,null,null,"(USD/t/unit)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)"]
[null,null,"Feedstock (farm to plant)","km",{"$f":"+'Data Entry Needs'!$D$53","v":0},{"$f":"+$D$17","v":0},{"$f":"+$E$70*F70*$G$17","v":{"$error":"#DIV/0!"}},{"$f":"+$D$18","v":0},{"$f":"+$E$70*H70*$G$18","v":{"$error":"#DIV/0!"}},{"$f":"+$D$19","v":0},{"$f":"+$E$70*J70*$G$19","v":{"$error":"#DIV/0!"}},{"$f":"$D$20","v":0},{"$f":"+$E$70*L70*$G$20","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G70:G70)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I70:I70)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K70:K70)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M70:M70)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Investment","Unit","Years","Total","Depreciation","Total","Depreciation","Total","Depreciation","Total","Depreciation"]
[null,null,"Investment",null,null,"(USD)","(USD/year)","(USD)","(USD/year)","(USD)","(USD/year)","(USD)","(USD/year)"]
[null,null,"Buildings","USD",20,{"$f":"Allocator!J35","v":7418000},{"$f":"+F76/$E76","v":370900},{"$f":"Allocator!K35","v":19482000},{"$f":"+H76/$E76","v":974100},{"$f":"Allocator!L35","v":29528000},{"$f":"+J76/$E76","v":1476400},{"$f":"Allocator!M35","v":44757000},{"$f":"+L76/$E76","v":2237850}]
[null,null,"Plant and Equipment","USD",20,{"$f":"Allocator!J36","v":28290000},{"$f":"+F77/$E77","v":1414500},{"$f":"Allocator!K36","v":74303000},{"$f":"+H77/$E77","v":3715150},{"$f":"Allocator!L36","v":112622000},{"$f":"+J77/$E77","v":5631100},{"$f":"Allocator!M36","v":170703000},{"$f":"+L77/$E77","v":8535150}]
[]
[null,null,"Total investment",null,null,{"$f":"SUM(F76:F78)","v":35708000},null,{"$f":"SUM(H76:H78)","v":93785000},null,{"$f":"SUM(J76:J78)","v":142150000},null,{"$f":"SUM(L76:L78)","v":215460000}]
[null,null,null,null,null,"Total Depreciation",{"$f":"SUM(G76:G79)","v":1785400},"Total Depreciation",{"$f":"SUM(I76:I79)","v":4689250},"Total Depreciation",{"$f":"SUM(K76:K79)","v":7107500},"Total Depreciation",{"$f":"SUM(M76:M79)","v":10773000}]
[null,null,"Maintenance cost",null,{"$f":"+'Data Entry Needs'!$D$60","v":0},null,{"$f":"+$E$81*G80","v":0},null,{"$f":"+E81*$I$80","v":0},null,{"$f":"+$E$81*K80","v":0},null,{"$f":"+$E$81*M80","v":0}]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G80:G81)","v":1785400},null,{"$f":"SUM(I80:I81)","v":4689250},null,{"$f":"SUM(K80:K81)","v":7107500},null,{"$f":"SUM(M80:M81)","v":10773000}]
[]
[null,null,"Storage","Unit","Unit Price","Quantity ","Total","Quantity ","Total","Quantity ","Total","Quantity ","Total"]
[null,null,null,"(%)","(USD)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)"]
[null,null,"Feedstock (biomass)","t",{"$f":"+$D$12","v":0},{"$f":"+STORAGE_FS4!$F$38","v":{"$error":"#DIV/0!"}},{"$f":"+F86*$E$86","v":{"$error":"#DIV/0!"}},{"$f":"+STORAGE_FS4!$I$38","v":{"$error":"#DIV/0!"}},{"$f":"+H86*$E$86","v":{"$error":"#DIV/0!"}},{"$f":"+STORAGE_FS4!$L$38","v":{"$error":"#DIV/0!"}},{"$f":"+J86*$E$86","v":{"$error":"#DIV/0!"}},{"$f":"+STORAGE_FS4!$O$38","v":{"$error":"#DIV/0!"}},{"$f":"+L86*$E$86","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"+'Data Entry Needs'!$E$10& \" Ethanol\"","v":"Please Select Ethanol"},"litre",{"$f":"+$D$10","v":0},{"$f":"5000000*$D$11","v":0},{"$f":"+$E$87*F87","v":0},{"$f":"25000000*$D$11","v":0},{"$f":"+$E$87*H87","v":0},{"$f":"50000000*$D$11","v":0},{"$f":"+$E$87*J87","v":0},{"$f":"100000000*$D$11","v":0},{"$f":"+$E$87*L87","v":0}]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G86:G87)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I86:I87)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K86:K87)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M86:M87)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Other costs","Unit","Rate (%)",null,"Total",null,"Total",null,"Total",null,"Total"]
[null,null,null,null,null,null,"(USD/year)",null,"(USD/year)",null,"(USD/year)",null,"(USD/year)"]
[null,null,"Plant overhead","USD",{"$f":"+'Data Entry Needs'!$D$61","v":0},null,{"$f":"+(G63+G64+G81)*$E$92","v":0},null,{"$f":"+(I63+I64+I81)*$E$92","v":0},null,{"$f":"+(K63+K64+K81)*$E$92","v":0},null,{"$f":"+(M63+M64+M81)*$E$92","v":0}]
[null,null,"General and administrative","USD",{"$f":"+'Data Entry Needs'!$D$62","v":0},null,{"$f":"+(G59+G66+G92+G81)*$E$93","v":{"$error":"#DIV/0!"}},null,{"$f":"+(I59+I66+I92+I81)*$E$93","v":{"$error":"#DIV/0!"}},null,{"$f":"+(K59+K66+K92+K81)*$E$93","v":{"$error":"#DIV/0!"}},null,{"$f":"+(M59+M66+M92+M81)*$E$93","v":{"$error":"#DIV/0!"}}]
[null,null,"Loan interest","USD",null,null,{"$f":"-FA5_FS1_SC1!$G$68","v":0},null,{"$f":"-FA25_FS1_SC1!$G$68","v":0},null,{"$f":"-FA50_FS1_SC1!$G$68","v":0},null,{"$f":"-FA100_FS1_SC1!$G$68","v":0}]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G92:G94)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I92:I94)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K92:K94)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M92:M94)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Co-Products Credits","Unit","Unit Price","Quantity ","Total","Quantity ","Total","Quantity ","Total","Quantity ","Total"]
[null,null,null,null,"(USD)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)"]
[null,null,{"$f":"Allocator!B45","v":"Electricity"},{"$f":"Allocator!C45","v":"kWh/y"},{"$f":"'Data Entry Needs'!G65","v":0},{"$f":"Allocator!D93","v":{"$error":"#DIV/0!"}},{"$f":"$E$99*F99","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E93","v":{"$error":"#DIV/0!"}},{"$f":"$E$99*H99","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F93","v":{"$error":"#DIV/0!"}},{"$f":"$E$99*J99","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G93","v":{"$error":"#DIV/0!"}},{"$f":"$E$99*L99","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"Allocator!B47","v":"CO2"},{"$f":"Allocator!C47","v":"t/year"},{"$f":"'Data Entry Needs'!D65","v":0},{"$f":"Allocator!D95","v":{"$error":"#DIV/0!"}},{"$f":"$E$100*F100","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E95","v":{"$error":"#DIV/0!"}},{"$f":"$E$100*H100","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F95","v":{"$error":"#DIV/0!"}},{"$f":"$E$100*J100","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G95","v":{"$error":"#DIV/0!"}},{"$f":"$E$100*L100","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"Allocator!B48","v":"Lignin"},{"$f":"Allocator!C48","v":"t/year"},{"$f":"'Data Entry Needs'!D66","v":0},{"$f":"Allocator!D96","v":{"$error":"#DIV/0!"}},{"$f":"$E$101*F101","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E96","v":{"$error":"#DIV/0!"}},{"$f":"$E$101*H101","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F96","v":{"$error":"#DIV/0!"}},{"$f":"$E$101*J101","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G96","v":{"$error":"#DIV/0!"}},{"$f":"$E$101*L101","v":{"$error":"#DIV/0!"}}]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G99:G101)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I99:I101)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K99:K101)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M99:M101)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Total Production Costs (USD/year)"]
[]
[null,null,null,null,null,"Total","Total","Total","Total","Total","Total","Total","Total"]
[null,null,null,null,null,"(USD/year)","(USD/l)","(USD/year)","(USD/l)","(USD/year)","(USD/l)","(USD/year)","(USD/l)"]
[null,null,"Scenario 1"]
[null,null,"Total operating costs",null,null,{"$f":"G42+G53+G59+G66+G72","v":{"$error":"#DIV/0!"}},{"$f":"+F109/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I42+I53+I59+I66+I72","v":{"$error":"#DIV/0!"}},{"$f":"+H109/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K42+K53+K59+K66+K72","v":{"$error":"#DIV/0!"}},{"$f":"+J109/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M42+M53+M59+M66+M72","v":{"$error":"#DIV/0!"}},{"$f":"+L109/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Total fixed costs",null,null,{"$f":"G82+G88","v":{"$error":"#DIV/0!"}},{"$f":"+F110/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I82+I88","v":{"$error":"#DIV/0!"}},{"$f":"+H110/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K82+K88","v":{"$error":"#DIV/0!"}},{"$f":"+J110/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M82+M88","v":{"$error":"#DIV/0!"}},{"$f":"+L110/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Total other costs",null,null,{"$f":"G95","v":{"$error":"#DIV/0!"}},{"$f":"+F111/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I95","v":{"$error":"#DIV/0!"}},{"$f":"+H111/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K95","v":{"$error":"#DIV/0!"}},{"$f":"+J111/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M95","v":{"$error":"#DIV/0!"}},{"$f":"+L111/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Co-Products Credits",null,null,{"$f":"-G102","v":{"$error":"#DIV/0!"}},{"$f":"+F112/5000000","v":{"$error":"#DIV/0!"}},{"$f":"-I102","v":{"$error":"#DIV/0!"}},{"$f":"+H112/25000000","v":{"$error":"#DIV/0!"}},{"$f":"-K102","v":{"$error":"#DIV/0!"}},{"$f":"+J112/50000000","v":{"$error":"#DIV/0!"}},{"$f":"-M102","v":{"$error":"#DIV/0!"}},{"$f":"+L112/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Total production costs scenario 1 (USD/year)",null,null,{"$f":"SUM(F109:F112)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(H109:H112)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(J109:J112)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(L109:L112)","v":{"$error":"#DIV/0!"}}]
[null,null,"Total production costs scenario 1 (USD/l)",null,null,null,{"$f":"SUM(G109:G112)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I109:I112)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K109:K113)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M109:M113)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Scenario 2"]
[null,null,"Total operating costs",null,null,{"$f":"G43+G53+G59+G66+G72","v":{"$error":"#DIV/0!"}},{"$f":"+F117/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I43+I53+I59+I66+I72","v":{"$error":"#DIV/0!"}},{"$f":"+H117/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K43+K53+K59+K66+K72","v":{"$error":"#DIV/0!"}},{"$f":"+J117/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M43+M53+M59+M66+M72","v":{"$error":"#DIV/0!"}},{"$f":"+L117/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Total fixed costs",null,null,{"$f":"G82+G88","v":{"$error":"#DIV/0!"}},{"$f":"+F118/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I82+I88","v":{"$error":"#DIV/0!"}},{"$f":"+H118/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K82+K88","v":{"$error":"#DIV/0!"}},{"$f":"+J118/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M82+M88","v":{"$error":"#DIV/0!"}},{"$f":"+L118/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Total other costs",null,null,{"$f":"G95","v":{"$error":"#DIV/0!"}},{"$f":"+F119/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I95","v":{"$error":"#DIV/0!"}},{"$f":"+H119/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K95","v":{"$error":"#DIV/0!"}},{"$f":"+J119/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M95","v":{"$error":"#DIV/0!"}},{"$f":"+L119/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Co-Products Credits",null,null,{"$f":"-G102","v":{"$error":"#DIV/0!"}},{"$f":"G112","v":{"$error":"#DIV/0!"}},{"$f":"-I102","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"-K102","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"-M102","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,"Total production costs scenario 2 (USD/year)",null,null,{"$f":"SUM(F117:F120)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(H117:H120)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(J117:J120)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(L117:L120)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1]
[null,null,"Total production costs scenario 2 (USD/l)",null,null,null,{"$f":"SUM(G117:G121)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I117:I120)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K117:K121)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M117:M121)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1]
[null,null,"Scenario 3",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1]
[null,null,"Total operating costs",null,null,{"$f":"G44+G53+G59+G66+G72","v":{"$error":"#DIV/0!"}},{"$f":"+F125/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I44+I53+I59+I66+I72","v":{"$error":"#DIV/0!"}},{"$f":"+H125/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K44+K53+K59+K66+K72","v":{"$error":"#DIV/0!"}},{"$f":"+J125/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M44+M53+M59+M66+M72","v":{"$error":"#DIV/0!"}},{"$f":"+L125/100000000","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1]
[null,null,"Total fixed costs",null,null,{"$f":"G82+G88","v":{"$error":"#DIV/0!"}},{"$f":"+F126/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I82+I88","v":{"$error":"#DIV/0!"}},{"$f":"+H126/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K82+K88","v":{"$error":"#DIV/0!"}},{"$f":"+J126/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M82+M88","v":{"$error":"#DIV/0!"}},{"$f":"+L126/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Total other costs",null,null,{"$f":"G95","v":{"$error":"#DIV/0!"}},{"$f":"+F127/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I95","v":{"$error":"#DIV/0!"}},{"$f":"+H127/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K95","v":{"$error":"#DIV/0!"}},{"$f":"+J127/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M95","v":{"$error":"#DIV/0!"}},{"$f":"+L127/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Co-Products Credits",null,null,{"$f":"-G102","v":{"$error":"#DIV/0!"}},{"$f":"G120","v":{"$error":"#DIV/0!"}},{"$f":"-I102","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"-K102","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"-M102","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,"Total production costs scenario 3 (USD/year)",null,null,{"$f":"SUM(F125:F128)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(H125:H128)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(J125:J128)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(L125:L128)","v":{"$error":"#DIV/0!"}}]
[null,null,"Total production costs scenario 3 (USD/l)",null,null,null,{"$f":"SUM(G125:G128)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I125:I128)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K125:K129)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M125:M129)","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"sc2",null,"Ratios","sc1",null,"sc3"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Factory (%)",{"$f":"+AC139/100","v":0.6},60,"Factory (%)",1,"Factory (%)",0,"yes"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Outgrower (%)",{"$f":"1-AB139","v":0.4},null,"Outgrower (%)",0,"Outgrower (%)",1,"no"]

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[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 5 Million Litres/year SCENARIO 1\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 5 MILLION LITRES/YEAR SCENARIO 1"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",5,{"$f":"C9","v":5},5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":5000000},{"$f":"+C10","v":5000000},5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,{"$f":"+S10","v":5000000},5000000,5000000,5000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":5000000},{"$f":"+C12","v":5000000},5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS4!$G$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"T17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS4!$G$100+COST_FS4!$G$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_FS4!$F76","v":7418000}]
[null,"Plant and Equipment",{"$f":"+COST_FS4!$F77","v":28290000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":28290000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":35708000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,28290000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":7141600}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":7.1416000000000004}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS4!$G$42","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS4!$G$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS4!$G$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS4!$G$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS4!$G$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS4!$G$80","v":1785400},1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS4!$G$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS4!$G$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS4!$G$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS4!$G$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":1785400},{"$f":"C78","v":1785400},{"$f":"D78","v":1785400},1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-35708000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-35708000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-1785400},{"$f":"-E78","v":-1785400},-1785400,{"$f":"-G78","v":-1785400},-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-35708000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-35708000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-35708000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"FA5_FS4_SC2","index":58,"n_rows":117,"n_cols":23,"rows_kept":117,"cut":false,"hidden":true,"merged":[[1,1,1,13]]}
[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 5 Million Litres/year SCENARIO 2\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 5 MILLION LITRES/YEAR SCENARIO 2"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",5,{"$f":"C9","v":5},5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":5000000},{"$f":"+C10","v":5000000},5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,{"$f":"+S10","v":5000000},5000000,5000000,5000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":5000000},{"$f":"+C12","v":5000000},5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS4!$G$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"T17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS4!$G$100+COST_FS4!$G$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_FS4!$F76","v":7418000}]
[null,"Plant and Equipment",{"$f":"+COST_FS4!$F77","v":28290000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":28290000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":35708000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,28290000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":7141600}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":7.1416000000000004}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS4!$G$43","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS4!$G$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS4!$G$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS4!$G$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS4!$G$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS4!$G$80","v":1785400},1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS4!$G$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS4!$G$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS4!$G$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS4!$G$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":1785400},{"$f":"C78","v":1785400},{"$f":"D78","v":1785400},1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-35708000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-35708000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-1785400},{"$f":"-E78","v":-1785400},-1785400,{"$f":"-G78","v":-1785400},-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-35708000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-35708000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-35708000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"FA5_FS4_SC3","index":59,"n_rows":117,"n_cols":23,"rows_kept":117,"cut":false,"hidden":true,"merged":[[1,1,1,13]]}
[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 5 Million Litres/year SCENARIO 3\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 5 MILLION LITRES/YEAR SCENARIO 3"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",5,{"$f":"C9","v":5},5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":5000000},{"$f":"+C10","v":5000000},5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,{"$f":"+S10","v":5000000},5000000,5000000,5000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":5000000},{"$f":"+C12","v":5000000},5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS4!$G$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"T17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS4!$G$100+COST_FS4!$G$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_FS4!$F76","v":7418000}]
[null,"Plant and Equipment",{"$f":"+COST_FS4!$F77","v":28290000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":28290000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":35708000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,28290000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":7141600}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":7.1416000000000004}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS4!$G$44","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS4!$G$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS4!$G$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS4!$G$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS4!$G$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS4!$G$80","v":1785400},1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS4!$G$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS4!$G$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS4!$G$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS4!$G$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":1785400},{"$f":"C78","v":1785400},{"$f":"D78","v":1785400},1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-35708000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-35708000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-1785400},{"$f":"-E78","v":-1785400},-1785400,{"$f":"-G78","v":-1785400},-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-35708000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-35708000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-35708000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"FA25_FS4_SC1","index":60,"n_rows":117,"n_cols":23,"rows_kept":117,"cut":false,"hidden":true,"merged":[[1,1,1,13]]}
[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 25 Million Litres/year SCENARIO 1\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 25 MILLION LITRES/YEAR SCENARIO 1"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",25,{"$f":"C9","v":25},25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":25000000},{"$f":"+C10","v":25000000},25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,{"$f":"+S10","v":25000000},25000000,25000000,25000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":25000000},{"$f":"+C12","v":25000000},25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS4!$I$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"T17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS4!$I$100+COST_FS4!$I$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_FS4!$H76","v":19482000}]
[null,"Plant and Equipment",{"$f":"+COST_FS4!$H77","v":74303000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":74303000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":93785000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,74303000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":3751400}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":3.7513999999999998}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS4!$I$42","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS4!$I$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS4!$I$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS4!$I$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS4!$I$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS4!$I$80","v":4689250},4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS4!$I$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS4!$I$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS4!$I$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS4!$I$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":4689250},{"$f":"C78","v":4689250},{"$f":"D78","v":4689250},4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-93785000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-93785000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-4689250},{"$f":"-E78","v":-4689250},-4689250,{"$f":"-G78","v":-4689250},-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-93785000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-93785000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-93785000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"FA25_FS4_SC2","index":61,"n_rows":117,"n_cols":23,"rows_kept":117,"cut":false,"hidden":true,"merged":[[1,1,1,13]]}
[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 25 Million Litres/year SCENARIO 2\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 25 MILLION LITRES/YEAR SCENARIO 2"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",25,{"$f":"C9","v":25},25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":25000000},{"$f":"+C10","v":25000000},25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,{"$f":"+S10","v":25000000},25000000,25000000,25000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":25000000},{"$f":"+C12","v":25000000},25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS4!$I$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"T17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS4!$I$100+COST_FS4!$I$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_FS4!$H76","v":19482000}]
[null,"Plant and Equipment",{"$f":"+COST_FS4!$H77","v":74303000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":74303000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":93785000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,74303000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":3751400}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":3.7513999999999998}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS4!$I$43","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS4!$I$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS4!$I$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS4!$I$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS4!$I$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS4!$I$80","v":4689250},4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS4!$I$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS4!$I$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS4!$I$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS4!$I$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":4689250},{"$f":"C78","v":4689250},{"$f":"D78","v":4689250},4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-93785000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-93785000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-4689250},{"$f":"-E78","v":-4689250},-4689250,{"$f":"-G78","v":-4689250},-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-93785000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-93785000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-93785000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

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[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 25 Million Litres/year SCENARIO 3\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 25 MILLION LITRES/YEAR SCENARIO 3"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",25,{"$f":"C9","v":25},25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":25000000},{"$f":"+C10","v":25000000},25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,{"$f":"+S10","v":25000000},25000000,25000000,25000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":25000000},{"$f":"+C12","v":25000000},25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS4!$I$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"T17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS4!$I$100+COST_FS4!$I$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_FS4!$H76","v":19482000}]
[null,"Plant and Equipment",{"$f":"+COST_FS4!$H77","v":74303000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":74303000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":93785000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,74303000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":3751400}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":3.7513999999999998}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS4!$I$44","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS4!$I$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS4!$I$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS4!$I$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS4!$I$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS4!$I$80","v":4689250},4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS4!$I$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS4!$I$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS4!$I$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS4!$I$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":4689250},{"$f":"C78","v":4689250},{"$f":"D78","v":4689250},4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-93785000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-93785000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-4689250},{"$f":"-E78","v":-4689250},-4689250,{"$f":"-G78","v":-4689250},-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-93785000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-93785000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-93785000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"FA50_FS4_SC1","index":63,"n_rows":117,"n_cols":23,"rows_kept":117,"cut":false,"hidden":true,"merged":[[1,1,1,13]]}
[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 50 Million Litres/year SCENARIO 1\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 50 MILLION LITRES/YEAR SCENARIO 1"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",50,{"$f":"C9","v":50},50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":50000000},{"$f":"+C10","v":50000000},50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,{"$f":"+S10","v":50000000},50000000,50000000,50000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":50000000},{"$f":"+C12","v":50000000},50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS4!$K$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"T17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS4!$K$100+COST_FS4!$K$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_FS4!$J76","v":29528000}]
[null,"Plant and Equipment",{"$f":"+COST_FS4!$J77","v":112622000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":112622000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":142150000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,112622000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":2843000}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":2.843}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS4!$K$42","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS4!$K$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS4!$K$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS4!$K$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS4!$K$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS4!$K$80","v":7107500},7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS4!$K$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS4!$K$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS4!$K$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS4!$K$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":7107500},{"$f":"C78","v":7107500},{"$f":"D78","v":7107500},7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-142150000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-142150000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-7107500},{"$f":"-E78","v":-7107500},-7107500,{"$f":"-G78","v":-7107500},-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-142150000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-142150000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-142150000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

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[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 50 Million Litres/year SCENARIO 2\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 50 MILLION LITRES/YEAR SCENARIO 2"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",50,{"$f":"C9","v":50},50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":50000000},{"$f":"+C10","v":50000000},50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,{"$f":"+S10","v":50000000},50000000,50000000,50000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":50000000},{"$f":"+C12","v":50000000},50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS4!$K$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"T17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS4!$K$100+COST_FS4!$K$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_FS4!$J76","v":29528000}]
[null,"Plant and Equipment",{"$f":"+COST_FS4!$J77","v":112622000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":112622000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":142150000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,112622000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":2843000}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":2.843}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS4!$K$43","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS4!$K$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS4!$K$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS4!$K$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS4!$K$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS4!$K$80","v":7107500},7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS4!$K$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS4!$K$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS4!$K$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS4!$K$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":7107500},{"$f":"C78","v":7107500},{"$f":"D78","v":7107500},7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-142150000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-142150000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-7107500},{"$f":"-E78","v":-7107500},-7107500,{"$f":"-G78","v":-7107500},-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-142150000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-142150000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-142150000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"FA50_FS4_SC3","index":65,"n_rows":117,"n_cols":23,"rows_kept":117,"cut":false,"hidden":true,"merged":[[1,1,1,13]]}
[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 50 Million Litres/year SCENARIO 3\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 50 MILLION LITRES/YEAR SCENARIO 3"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",50,{"$f":"C9","v":50},50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":50000000},{"$f":"+C10","v":50000000},50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,{"$f":"+S10","v":50000000},50000000,50000000,50000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":50000000},{"$f":"+C12","v":50000000},50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS4!$K$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"T17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS4!$K$100+COST_FS4!$K$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_FS4!$J76","v":29528000}]
[null,"Plant and Equipment",{"$f":"+COST_FS4!$J77","v":112622000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":112622000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":142150000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,112622000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":2843000}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":2.843}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS4!$K$44","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS4!$K$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS4!$K$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS4!$K$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS4!$K$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS4!$K$80","v":7107500},7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS4!$K$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS4!$K$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS4!$K$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS4!$K$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":7107500},{"$f":"C78","v":7107500},{"$f":"D78","v":7107500},7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-142150000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-142150000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-7107500},{"$f":"-E78","v":-7107500},-7107500,{"$f":"-G78","v":-7107500},-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-142150000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-142150000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-142150000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

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[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 100 Million Litres/year SCENARIO 1\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 100 MILLION LITRES/YEAR SCENARIO 1"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",100,{"$f":"C9","v":100},100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":100000000},{"$f":"+C10","v":100000000},100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,{"$f":"+S10","v":100000000},100000000,100000000,100000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":100000000},{"$f":"+C12","v":100000000},100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS4!$M$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"T17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS4!$M$100+COST_FS4!$M$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_FS4!$L76","v":44757000}]
[null,"Plant and Equipment",{"$f":"+COST_FS4!$L77","v":170703000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":170703000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":215460000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,170703000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":2154600}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":2.1545999999999998}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS4!$M$42","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS4!$M$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS4!$M$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS4!$M$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS4!$M$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS4!$M$80","v":10773000},10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS4!$M$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS4!$M$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS4!$M$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS4!$M$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":10773000},{"$f":"C78","v":10773000},{"$f":"D78","v":10773000},10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-215460000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-215460000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-10773000},{"$f":"-E78","v":-10773000},-10773000,{"$f":"-G78","v":-10773000},-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-215460000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-215460000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-215460000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

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[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 100 Million Litres/year SCENARIO 1\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 100 MILLION LITRES/YEAR SCENARIO 1"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",100,{"$f":"C9","v":100},100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":100000000},{"$f":"+C10","v":100000000},100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,{"$f":"+S10","v":100000000},100000000,100000000,100000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":100000000},{"$f":"+C12","v":100000000},100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS4!$M$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"T17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS4!$M$100+COST_FS4!$M$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_FS4!$L76","v":44757000}]
[null,"Plant and Equipment",{"$f":"+COST_FS4!$L77","v":170703000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":170703000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":215460000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,170703000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":2154600}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":2.1545999999999998}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS4!$M$43","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS4!$M$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS4!$M$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS4!$M$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS4!$M$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS4!$M$80","v":10773000},10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS4!$M$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS4!$M$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS4!$M$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS4!$M$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":10773000},{"$f":"C78","v":10773000},{"$f":"D78","v":10773000},10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-215460000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-215460000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-10773000},{"$f":"-E78","v":-10773000},-10773000,{"$f":"-G78","v":-10773000},-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-215460000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-215460000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-215460000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"FA100_FS4_SC3","index":68,"n_rows":117,"n_cols":23,"rows_kept":117,"cut":false,"hidden":true,"merged":[[1,1,1,13]]}
[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 100 Million Litres/year SCENARIO 1\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 100 MILLION LITRES/YEAR SCENARIO 1"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",100,{"$f":"C9","v":100},100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":100000000},{"$f":"+C10","v":100000000},100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,{"$f":"+S10","v":100000000},100000000,100000000,100000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":100000000},{"$f":"+C12","v":100000000},100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_FS4!$M$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"T17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_FS4!$M$100+COST_FS4!$M$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_FS4!$L76","v":44757000}]
[null,"Plant and Equipment",{"$f":"+COST_FS4!$L77","v":170703000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":170703000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":215460000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,170703000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":2154600}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":2.1545999999999998}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_FS4!$M$44","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_FS4!$M$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_FS4!$M$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_FS4!$M$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_FS4!$M$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_FS4!$M$80","v":10773000},10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_FS4!$M$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_FS4!$M$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_FS4!$M$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_FS4!$M$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":10773000},{"$f":"C78","v":10773000},{"$f":"D78","v":10773000},10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-215460000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-215460000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-10773000},{"$f":"-E78","v":-10773000},-10773000,{"$f":"-G78","v":-10773000},-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-215460000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-215460000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-215460000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"GHG_FS4","index":69,"n_rows":1123,"n_cols":37,"rows_kept":1123,"cut":false,"hidden":true,"merged":[[70,8,70,11],[2,3,2,11],[21,4,21,6],[37,10,37,11],[50,8,50,11],[57,8,58,11],[131,8,131,11],[72,3,72,5],[76,3,76,5],[98,5,98,6],[100,4,100,6],[101,4,101,6],[103,4,103,6],[109,3,110,4],[110,5,110,6],[112,3,112,4],[112,8,112,11],[114,8,114,11],[151,3,151,11],[175,9,175,11],[176,8,176,11],[178,8,179,8],[178,9,179,9],[178,10,179,10],[178,11,179,11]]}
[]
[]
[null,null,null,{"$f":"UPPER(\"GHG EMISSIONS FOR 2G ETHANOL PRODUCTION FROM \"&'Data Entry Needs'!$H$11&\"\")","v":"GHG EMISSIONS FOR 2G ETHANOL PRODUCTION FROM  "}]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,"Feedstock Production Emissions"]
[]
[]
[null,null,null,"Step 1: Input Emissions for Crop/Residue Production "]
[]
[null,null,null,null,null,{"$f":"\"kgCO2eq/kg \"&$E$20","v":"kgCO2eq/kg  "}]
[null,null,null,null,null,"Own Production","Outgrowers"]
[null,null,null,"Feedstock",{"$f":"+'Data Entry Needs'!$H$11","v":" "}]
[]
[null,null,null,null,"tCO2eq/year"]
[null,null,null,null,"Scenario 1","Scenario 2","Scenario 3"]
[null,null,null,null,{"$f":"+COST_FS4!$C$25","v":"Description: 100% of   feedstock collected on site"},{"$f":"+COST_FS4!$F$25","v":"Description: 60% of   feedstock produced directly by processing plant, and 40% provided by outgrowers at market price."},{"$f":"+COST_FS4!$J$25","v":"Description: 100% of   feedstock is provided by outgrowers at market price."},null,{"$f":"COST_FS3!AC139","v":60}]
[null,null,null,"5 ML",{"$f":"$F$20*COST_FS4!$F$42","v":{"$error":"#DIV/0!"}},{"$f":"$F$20*COST_FS4!$F$42*($I$24/100)+$G$20*COST_FS4!$F$42*(1-$I$24/100)","v":{"$error":"#DIV/0!"}},{"$f":"$G$20*COST_FS4!$F$42","v":{"$error":"#DIV/0!"}}]
[null,null,null,"25 ML",{"$f":"$F$20*COST_FS4!$H$42","v":{"$error":"#DIV/0!"}},{"$f":"$F$20*COST_FS4!$H$42*($I$24/100)+$G$20*COST_FS4!$H$42*(1-$I$24/100)","v":{"$error":"#DIV/0!"}},{"$f":"$G$20*COST_FS4!$H$42","v":{"$error":"#DIV/0!"}}]
[null,null,null,"50 ML",{"$f":"$F$20*COST_FS4!$J$42","v":{"$error":"#DIV/0!"}},{"$f":"$F$20*COST_FS4!$J$42*($I$24/100)+$G$20*COST_FS4!$J$42*(1-$I$24/100)","v":{"$error":"#DIV/0!"}},{"$f":"$G$20*COST_FS4!$J$42","v":{"$error":"#DIV/0!"}}]
[null,null,null,"100ML",{"$f":"$F$20*COST_FS4!$L$42","v":{"$error":"#DIV/0!"}},{"$f":"$F$20*COST_FS4!$L$42*($I$24/100)+$G$20*COST_FS4!$L$42*(1-$I$24/100)","v":{"$error":"#DIV/0!"}},{"$f":"$G$20*COST_FS4!$L$42","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[null,null,"Feedstock and Residues Transportation"]
[]
[]
[null,null,null,"Step 2: Input transportation distances for residues"]
[]
[null,null,null,"Feedstock Transported",null,{"$f":"+'Data Entry Needs'!$H$11","v":" "},null,null,"Residues Transported",null,{"$f":"+VLOOKUP($F$37,$T$325:$V$340,2,FALSE)","v":{"$error":"#N/A"}}]
[null,null,null,"Mean of Transport",null,{"$f":"+VLOOKUP($F$37,$Q$325:$R$340,2,FALSE)","v":{"$error":"#N/A"}},null,null,"Mean of Transport",null,{"$f":"+VLOOKUP($F$37,$T$325:$V$340,3,FALSE)","v":{"$error":"#N/A"}}]
[]
[]
[null,null,null,"Plants","Quantity (t/year)","Distance (km)","tCO2eq/year",null,"Plants","Quantity (t/year)","Distance (km)","tCO2eq/year"]
[null,null,null,"5 ML",{"$f":"+COST_FS4!$G17","v":{"$error":"#DIV/0!"}},{"$f":"+COST_FS4!$D17","v":0},{"$f":"+VLOOKUP($F$38,$Q$239:$V$248,6,FALSE)*E42*F42","v":{"$error":"#N/A"}},null,"5 ML",{"$f":"X329*1000","v":{"$error":"#DIV/0!"}},null,{"$f":"VLOOKUP($K$38,$Q$239:$V$248,6,FALSE)*J42*K42","v":{"$error":"#N/A"}}]
[null,null,null,"25 ML",{"$f":"+COST_FS4!$G18","v":{"$error":"#DIV/0!"}},{"$f":"+COST_FS4!$D18","v":0},{"$f":"+VLOOKUP($F$38,$Q$239:$V$248,6,FALSE)*E43*F43","v":{"$error":"#N/A"}},null,"25 ML",{"$f":"Y329*1000","v":{"$error":"#DIV/0!"}},null,{"$f":"VLOOKUP($K$38,$Q$239:$V$248,6,FALSE)*J43*K43","v":{"$error":"#N/A"}}]
[null,null,null,"50 ML",{"$f":"+COST_FS4!$G19","v":{"$error":"#DIV/0!"}},{"$f":"+COST_FS4!$D19","v":0},{"$f":"+VLOOKUP($F$38,$Q$239:$V$248,6,FALSE)*E44*F44","v":{"$error":"#N/A"}},null,"50 ML",{"$f":"Z329*1000","v":{"$error":"#DIV/0!"}},null,{"$f":"VLOOKUP($K$38,$Q$239:$V$248,6,FALSE)*J44*K44","v":{"$error":"#N/A"}}]
[null,null,null,"100 ML",{"$f":"+COST_FS4!$G20","v":{"$error":"#DIV/0!"}},{"$f":"+COST_FS4!$D20","v":0},{"$f":"+VLOOKUP($F$38,$Q$239:$V$248,6,FALSE)*E45*F45","v":{"$error":"#N/A"}},null,"100 ML",{"$f":"AA329*1000","v":{"$error":"#DIV/0!"}},null,{"$f":"VLOOKUP($K$38,$Q$239:$V$248,6,FALSE)*J45*K45","v":{"$error":"#N/A"}}]
[]
[]
[null,null,null,"Biofuel Processing Emissions"]
[]
[]
[null,null,null,{"$f":"\"Annual Energy Consumption for Ethanol Production\"","v":"Annual Energy Consumption for Ethanol Production"},null,null,null,null,"Capacities (Million L/year)"]
[null,null,null,"Consumption before integration with cogeneration system",null,null,"Unit",null,5,25,50,100]
[null,null,null,"Heating (Steam)",null,null,"1000 MJ/year",null,{"$f":"X338","v":{"$error":"#DIV/0!"}},{"$f":"Y338","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,"Electricity Consumption",null,null,"1000 kWh/year",null,{"$f":"X339","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
[]
[null,null,null,"Step 3: Select an option to supply energy",null,null,null,null,{"$f":"+IF(NOT($D$60),\"Method 1: All energy consumption(heat and electricity) of processing plant is supplied using external sources: fossil fuels, and/or electricity from central grid.\",\"Method 2: All energy consumption(heat and electricity) of processing plant is supplied using a cogeneration system fueled using either biomass  or fossil fuels\")","v":"Method 2: All energy consumption(heat and electricity) of processing plant is supplied using a cogeneration system fueled using either biomass  or fossil fuels"}]
[]
[null,null,null,true]
[]
[]
[null,null,null,"Method 1: Energy supplied with fossil fuels"]
[]
[null,null,null,"Step 3.1: Select how external energy is supplied"]
[null,null,null,null,null,null,null,true]
[null,null,null,null,null,null,null,1]
[null,null,null,null,null,{"$f":"+IF($F$69=\"USER defined\",TRUE,FALSE)","v":false},null,null,null,null,{"$f":"+NOT(F68)","v":true}]
[null,null,null,"Origin of Electricity Emissions",null,"Default by Country","Cameroon",{"$f":"+IF($K$68,$I$69,$K$69)","v":243},{"$f":"IFERROR(VLOOKUP($G$69,'dummy database'!$A$28:$B$161,2,FALSE),\"\")","v":243},"gCO2/kWh",10,"gCO2/kWh"]
[]
[null,null,null,null,null,null,null,null,"Capacities (Million L/year)"]
[null,null,null,null,null,null,null,null,5,25,50,100]
[null,null,null,{"$f":"IF($K$68,\"Emissions from Electricity Production in \"&$G$69,\"Emissions from Electricity Production \"&$F$69)","v":"Emissions from Electricity Production in Cameroon"},null,null,"tCO2eq/year",null,{"$f":"IF($H$66,0,$H$69*I$54/1000)","v":0},{"$f":"IF($H$66,0,$H$69*J$54/1000)","v":0},{"$f":"IF($H$66,0,$H$69*K$54/1000)","v":0},{"$f":"IF($H$66,0,$H$69*L$54/1000)","v":0}]
[null,null,null,"Fossil fuel Source",null,null,"Unit",null,"Ethanol","Ethanol","Ethanol","Ethanol"]
[null,null,null,"Calorific Value",null,null,"MJ/kg",null,{"$f":"+IFERROR(VLOOKUP(I$74,GHG_FS4!$Q$261:$T$277,2,FALSE),\"?\")","v":26.95163409308779},{"$f":"+IFERROR(VLOOKUP(J$74,GHG_FS4!$Q$261:$T$277,2,FALSE),\"?\")","v":26.95163409308779},{"$f":"+IFERROR(VLOOKUP(K$74,GHG_FS4!$Q$261:$T$277,2,FALSE),\"?\")","v":26.95163409308779},{"$f":"+IFERROR(VLOOKUP(L$74,GHG_FS4!$Q$261:$T$277,2,FALSE),\"?\")","v":26.95163409308779}]
[null,null,null,"Fossil Fuel Requirement",null,null,"t/year",null,{"$f":"IF(NOT($H$66),I$53/(I75*$X$245),(I$53/(I75*$X$245)+3.6*I$54/(I75*$X$246)))","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($H$66),J$53/(J75*$X$245),(J$53/(J75*$X$245)+3.6*J$54/(J75*$X$246)))","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($H$66),K$53/(K75*$X$245),(K$53/(K75*$X$245)+3.6*K$54/(K75*$X$246)))","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($H$66),L$53/(L75*$X$245),(L$53/(L75*$X$245)+3.6*L$54/(L75*$X$246)))","v":{"$error":"#DIV/0!"}}]
[null,null,null,{"$f":"IF(NOT($H$66),\"Emissions from Heat Production using Fossil Fuels\",\"Total Emissions from Energy Production using Fossil Fuels\")","v":"Total Emissions from Energy Production using Fossil Fuels"},null,null,"tCO2eq/year",null,{"$f":"VLOOKUP(I$74,$Q$262:$T$277,4,FALSE)*IF(NOT($H$66),I$53/$X$245,(I$53/$X$245+3.6*I54/$X$246))","v":{"$error":"#DIV/0!"}},{"$f":"VLOOKUP(J$74,$Q$262:$T$277,4,FALSE)*IF(NOT($H$66),J$53/$X$245,(J$53/$X$245+3.6*J54/$X$246))","v":{"$error":"#DIV/0!"}},{"$f":"VLOOKUP(K$74,$Q$262:$T$277,4,FALSE)*IF(NOT($H$66),K$53/$X$245,(K$53/$X$245+3.6*K54/$X$246))","v":{"$error":"#DIV/0!"}},{"$f":"VLOOKUP(L$74,$Q$262:$T$277,4,FALSE)*IF(NOT($H$66),L$53/$X$245,(L$53/$X$245+3.6*L54/$X$246))","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,"Total emissions",null,null,"tCO2eq/year",null,{"$f":"IF(NOT($H$66),I77+I73,I77)","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($H$66),J77+J73,J77)","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($H$66),K77+K73,K77)","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($H$66),L77+L73,L77)","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,null,"Method 2: Self-generated Energy"]
[]
[null,null,null,"Step 3.2a:  Technology level for energy production"]
[]
[]
[null,null,null,"Technology Level for Cogeneration",null,{"$f":"'Data Entry Needs'!F26","v":"Simple"}]
[null,null,null,null,null,null,null,null,null,"Total Thermal Efficency",{"$f":"VLOOKUP($F$99,$Q$254:$V$256,5,FALSE)","v":0.2}]
[null,null,null,"Technology",{"$f":"IFERROR(VLOOKUP($F$99,$Q$254:$R$256,2,FALSE),\"\")","v":"Condensing Turbine"},null,null,null,null,"Effective Electrical Efficiency",{"$f":"IFERROR(VLOOKUP($F$99,$Q$254:$V$256,6,FALSE),\"\")","v":0.2}]
[null,null,null,"Product",{"$f":"IFERROR(VLOOKUP($F$99,$Q$254:$S$256,3,FALSE),\"\")","v":"Power Only"}]
[]
[null,null,null,"Fuel Type","Solids residues from ethanol production"]
[]
[]
[]
[null,null,null,"Step 3.2b: define biomas available"]
[]
[null,null,null,{"$f":"\"Lignin Available from \"&'Data Entry Needs'!$G$11","v":"Lignin Available from  "}]
[null,null,null,null,null,null,null,null,null,{"$f":"+IF($F$111=\"Use Fossil Fuel\",\"Select Fossil Fuel\",\"\")","v":""}]
[]
[null,null,null,"Average Calorific value ",null,{"$f":"AD332","v":{"$error":"#DIV/0!"}},"MJ/kg",null,"Capacities (Million L/year)"]
[null,null,null,null,null,null,null,null,5,25,50,100]
[null,null,null,null,null,null,"Unit"]
[null,null,null,"Solid Residues Potentially Available",null,null,"t/year",null,{"$f":"AD331*1000","v":{"$error":"#DIV/0!"}},{"$f":"AE331*1000","v":{"$error":"#DIV/0!"}},{"$f":"AF331*1000","v":{"$error":"#DIV/0!"}},{"$f":"AG331*1000","v":{"$error":"#DIV/0!"}}]
[null,null,null,"Energy Theoretical Potential ",null,null,"1000 MJ/yr",null,{"$f":"I116*$F$113","v":{"$error":"#DIV/0!"}},{"$f":"J116*$F$113","v":{"$error":"#DIV/0!"}},{"$f":"K116*$F$113","v":{"$error":"#DIV/0!"}},{"$f":"L116*$F$113","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,"Heat","Cogenerated",null,"1000 MJ/yr",null,{"$f":"AD340","v":{"$error":"#DIV/0!"}},{"$f":"AE340","v":{"$error":"#DIV/0!"}},{"$f":"AF340","v":{"$error":"#DIV/0!"}},{"$f":"AG340","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,"Demand Supplied",null,"%",null,{"$f":"IFERROR(IF(I$119/I$53>1,\"fullly supplied\",I$119/(I$53)),\"\")","v":""},{"$f":"IFERROR(IF(J$119/J$53>1,\"fullly supplied\",J$119/(J$53)),\"\")","v":""},{"$f":"IFERROR(IF(K$119/K$53>1,\"fullly supplied\",K$119/(K$53)),\"\")","v":""},{"$f":"IFERROR(IF(L$119/L$53>1,\"fullly supplied\",L$119/(L$53)),\"\")","v":""}]
[]
[null,null,null,"Electricity","Cogenerated",null,"1000 kWh/yr",null,{"$f":"AD339","v":{"$error":"#DIV/0!"}},{"$f":"AE339","v":{"$error":"#DIV/0!"}},{"$f":"AF339","v":{"$error":"#DIV/0!"}},{"$f":"AG339","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,"Demand Supplied",null,"%",null,{"$f":"IFERROR(IF(I$122/I$54>1,\"Surplus\",I$122/(I$54)),\"\")","v":""},{"$f":"IFERROR(IF(J$122/J$54>1,\"Surplus\",J$122/(J$54)),\"\")","v":""},{"$f":"IFERROR(IF(K$122/K$54>1,\"Surplus\",K$122/(K$54)),\"\")","v":""},{"$f":"IFERROR(IF(L$122/L$54>1,\"Surplus\",L$122/(L$54)),\"\")","v":""}]
[]
[null,null,null,"External fossil fuel requirement for heating",null,null,"%",null,{"$f":"+IF(I120<=1,(1-I120),0%)","v":0},{"$f":"+IF(J120<=1,(1-J120),0%)","v":0},{"$f":"+IF(K120<=1,(1-K120),0%)","v":0},{"$f":"+IF(L120<=1,(1-L120),0%)","v":0}]
[null,null,null,"External fossil fuel requirement for electricity",null,null,"%",null,{"$f":"+IF(I123<=1,(1-I123),0%)","v":0},{"$f":"+IF(J123<=1,(1-J123),0%)","v":0},{"$f":"+IF(K123<=1,(1-K123),0%)","v":0},{"$f":"+IF(L123<=1,(1-L123),0%)","v":0}]
[]
[]
[]
[null,null,null,"Step 3.2c: define a suplementary fuel to complete energy demand"]
[]
[null,null,null,null,null,null,null,null,"Capacities (Million L/year)"]
[null,null,null,"Co-firing Options",null,null,null,null,5,25,50,100]
[null,null,null,null,null,null,null,null,{"$f":"+IF(AND(I125=0%,I126=0%),\"Not needed\",\"select a fuel\")","v":"Not needed"},{"$f":"+IF(AND(J125=0%,J126=0%),\"Not needed\",\"select a fuel\")","v":"Not needed"},{"$f":"+IF(AND(K125=0%,K126=0%),\"Not needed\",\"select a fuel\")","v":"Not needed"},{"$f":"+IF(AND(L125=0%,L126=0%),\"Not needed\",\"select a fuel\")","v":"Not needed"}]
[null,null,null,"Suplementary fossil fuel source",null,null,"Unit",null,"Other bituminous coal","Other bituminous coal","Other bituminous coal","Other bituminous coal"]
[null,null,null,"Calorific Value",null,null,"MJ/kg",null,{"$f":"+IFERROR(VLOOKUP(I$135,GHG_FS4!$Q$261:$T$277,2,FALSE),\"\")","v":22.7322030001394},{"$f":"+IFERROR(VLOOKUP(J$135,GHG_FS4!$Q$261:$T$277,2,FALSE),\"\")","v":22.7322030001394},{"$f":"+IFERROR(VLOOKUP(K$135,GHG_FS4!$Q$261:$T$277,2,FALSE),\"\")","v":22.7322030001394},{"$f":"+IFERROR(VLOOKUP(L$135,GHG_FS4!$Q$261:$T$277,2,FALSE),\"\")","v":22.7322030001394}]
[null,null,null,"Additional Fossil Fuel Demand",null,null,"t/year",null,{"$f":"IF(OR($F$99=\"No Cogeneration\",$F$99=\"Simple\"),R355,R350)","v":{"$error":"#DIV/0!"}},{"$f":"IF(OR($F$99=\"No Cogeneration\",$F$99=\"Simple\"),S355,S350)","v":{"$error":"#DIV/0!"}},{"$f":"IF(OR($F$99=\"No Cogeneration\",$F$99=\"Simple\"),T355,T350)","v":{"$error":"#DIV/0!"}},{"$f":"IF(OR($F$99=\"No Cogeneration\",$F$99=\"Simple\"),U355,U350)","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[null,null,null,"Step 3.2d: Define emission factor for electricity generation"]
[null,null,null,null,null,{"$f":"+IF($F$143=\"USER defined\",TRUE,FALSE)","v":false},null,{"$f":"IF($H$67=2,TRUE,FALSE)","v":false},null,null,{"$f":"+NOT($F$142)","v":true}]
[null,null,null,"Origin of Electricity Emissions",null,"Default by Country","FYR of Macedonia",{"$f":"+IF($K$68,$I$69,$K$69)","v":243},{"$f":"IFERROR(VLOOKUP($G$143,'dummy database'!$A$28:$B$161,2,FALSE),\"\")","v":710},"gCO2/kWh",100,"gCO2/kWh"]
[]
[null,null,null,null,null,null,null,null,"5 ML","25 ML","50 ML","100 ML"]
[null,null,null,"Emissions from additional energy requirement",null,null,"tCO2 eq/year",null,{"$f":"+VLOOKUP(I135,$Q$262:$T$277,4,FALSE)*I137*I136","v":{"$error":"#DIV/0!"}},{"$f":"+VLOOKUP(J135,$Q$262:$T$277,4,FALSE)*J137*J136","v":{"$error":"#DIV/0!"}},{"$f":"+VLOOKUP(K135,$Q$262:$T$277,4,FALSE)*K137*K136","v":{"$error":"#DIV/0!"}},{"$f":"+VLOOKUP(L135,$Q$262:$T$277,4,FALSE)*L137*L136","v":{"$error":"#DIV/0!"}}]
[null,null,null,{"$f":"IF($F$99=\"No Cogeneration\",\"Emissions from additional electricity requirement\",\"Credits from electricity generation\")","v":"Credits from electricity generation"},null,null,"tCO2 eq/year",null,{"$f":"IF($F$99=\"No Cogeneration\",I54,-I122)*IF($F$142,$K$143,$I$143)*1000/1000000","v":{"$error":"#DIV/0!"}},{"$f":"IF($F$99=\"No Cogeneration\",J54,-J122)*IF($F$142,$K$143,$I$143)*1000/1000000","v":{"$error":"#DIV/0!"}},{"$f":"IF($F$99=\"No Cogeneration\",K54,-K122)*IF($F$142,$K$143,$I$143)*1000/1000000","v":{"$error":"#DIV/0!"}},{"$f":"IF($F$99=\"No Cogeneration\",L54,-L122)*IF($F$142,$K$143,$I$143)*1000/1000000","v":{"$error":"#DIV/0!"}}]
[null,null,null,"Total Industrial Emissions",null,null,"tCO2 eq/year",null,{"$f":"+(I146+I147)","v":{"$error":"#DIV/0!"}},{"$f":"+(J146+J147)","v":{"$error":"#DIV/0!"}},{"$f":"+(K146+K147)","v":{"$error":"#DIV/0!"}},{"$f":"+(L146+L147)","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[null,null,null,"Summary of technical and environmental results from cogeneration"]
[null,null,null,null,null,null,null,null,{"$f":"IF(I$154=LARGE($I$154:$L$154,1),4,IF(I$154=LARGE($I$154:$L$154,2),3,IF(I$154=LARGE($I$154:$L$154,3),2,IF(I$154=LARGE($I$154:$L$154,4),1))))","v":{"$error":"#DIV/0!"}},{"$f":"IF(J$154=LARGE($I$154:$L$154,1),4,IF(J$154=LARGE($I$154:$L$154,2),3,IF(J$154=LARGE($I$154:$L$154,3),2,IF(J$154=LARGE($I$154:$L$154,4),1))))","v":{"$error":"#DIV/0!"}},{"$f":"IF(K$154=LARGE($I$154:$L$154,1),4,IF(K$154=LARGE($I$154:$L$154,2),3,IF(K$154=LARGE($I$154:$L$154,3),2,IF(K$154=LARGE($I$154:$L$154,4),1))))","v":{"$error":"#DIV/0!"}},{"$f":"IF(L$154=LARGE($I$154:$L$154,1),4,IF(L$154=LARGE($I$154:$L$154,2),3,IF(L$154=LARGE($I$154:$L$154,3),2,IF(L$154=LARGE($I$154:$L$154,4),1))))","v":{"$error":"#DIV/0!"}}]
[null,null,"Heat (1000 MJ/year)",null,null,"Heat (1000 MJ/year)",null,null,{"$f":"+ABS(I148)","v":{"$error":"#DIV/0!"}},{"$f":"+ABS(J148)","v":{"$error":"#DIV/0!"}},{"$f":"+ABS(K148)","v":{"$error":"#DIV/0!"}},{"$f":"+ABS(L148)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,"Positive","Negative","Size"]
[null,null,"5 ML",null,null,null,1,null,"5 ML",{"$f":"+IF($I$148>0,$I$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+IF($I$148<0,$I$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+$I$153","v":{"$error":"#DIV/0!"}}]
[null,null,"25 ML",null,null,null,1,null,"25 ML",{"$f":"+IF($J$148>0,$J$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+IF($J$148<0,$J$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+$J$153","v":{"$error":"#DIV/0!"}}]
[null,null,"50 ML",null,null,null,1,null,"50 ML",{"$f":"+IF($K$148>0,$K$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+IF($K$148<0,$K$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+$K$153","v":{"$error":"#DIV/0!"}}]
[null,null,"100 ML",null,null,null,1,null,"100 ML",{"$f":"+IF($L$148>0,$L$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+IF($L$148<0,$L$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+$L$153","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[null,null,"5 ML",null,null,null,1]
[null,null,"25 ML",null,null,null,1]
[null,null,"50 ML",null,null,null,1]
[null,null,"100 ML",null,null,null,1]
[]
[]
[]
[]
[null,null,null,{"$f":"\"Total GHG Emissions for Ethanol production from \"&'Data Entry Needs'!$G$11&\" \"","v":"Total GHG Emissions for Ethanol production from   "}]
[]
[]
[null,null,null,null,null,null,null,null,"Feedstock Transport",{"$f":"+$F$38","v":{"$error":"#N/A"}},"Residue Transport",{"$f":"+$K$38","v":{"$error":"#N/A"}}]
[null,null,null,null,"Results expressed in kgCO2eq per liter"]
[null,null,null,{"$f":"\"Comparative emissions of \"&\"gasoline fuel\"","v":"Comparative emissions of gasoline fuel"},null,{"$f":"$T$263*$R$263*$S$263","v":2.7987255950000001},null,null,"Energy Technology",{"$f":"+IF(NOT(D$60),\"Conventional fossil fuel based\",$F$99&\"-\"&$E$101)","v":"Simple-Condensing Turbine"}]
[null,null,null,"Capacities","Scenario 1","Scenario 2","Scenario 3",null,"Fuel Efficiency Utilization Factor"]
[null,null,null,"5 ML",{"$f":"+AI261","v":{"$error":"#DIV/0!"}},{"$f":"+AJ261","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},null,"5 ML","25 ML","50 ML","100 ML"]
[null,null,null,"25 ML",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,{"$f":"+IF(NOT($D$60),I$74&\"  \",$E$20&\" \"&$F$111&IF(AND(I$125=0%,I$126=0%),\" only\",\" & \"&$I$135))","v":"   only"},{"$f":"+IF(NOT($D$60),J$74&\"  \",$E$20&\" \"&$F$111&IF(AND(J$125=0%,J$126=0%),\" only\",\" & \"&$I$135))","v":"   only"},{"$f":"+IF(NOT($D$60),K$74&\"  \",$E$20&\" \"&$F$111&IF(AND(K$125=0%,K$126=0%),\" only\",\" & \"&$I$135))","v":"   only"},{"$f":"+IF(NOT($D$60),L$74&\"  \",$E$20&\" \"&$F$111&IF(AND(L$125=0%,L$126=0%),\" only\",\" & \"&$I$135))","v":"   only"}]
[null,null,null,"50 ML",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,"100 ML",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,{"$f":"+Y$308","v":{"$error":"#DIV/0!"}},{"$f":"+Z$308","v":{"$error":"#DIV/0!"}},{"$f":"+AA$308","v":{"$error":"#DIV/0!"}},{"$f":"+AB$308","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstock",{"$f":"+'Data Entry Needs'!$G$11","v":" "},null,null,"Cogen Selection",{"$f":"+VLOOKUP($F$99,$Q$254:$T$256,4,FALSE)","v":1},"CH4",21]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"NO2",310]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Emission Factor (KG CO2/MJ)","Fuel efficiency (MJ/t.km)","Transport exhaust gas emissions (gCH4/t.km)","Transport exhaust gas emissions (gN2O/t.km)","tCO2eq/tkm"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Truck for liquids (Diesel)",7.5390899999999997E-2,1.008,5.0000000000000001E-3,0,{"$f":"+R239*S239/1000+T239*$X$235/1000000+U239*$X$236/1000000","v":7.6099027199999988E-5}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Truck for dry product (Diesel)",7.5390899999999997E-2,2.0122857142857145,5.0000000000000001E-3,0,{"$f":"+R240*S240/1000+T240*$X$235/1000000+U240*$X$236/1000000","v":1.5181303105714288E-4}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ocean bulk carrier ",7.0985000000000006E-2,0.20358000000000001,2.9999999999999997E-4,7.2000000000000005E-4,1.4680626300000002E-5]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ship /product tanker 50kt ",7.0985000000000006E-2,0.12384000000000001,0,0,8.7907824000000011E-6]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Local (10 km) pipeline",0,0,0,0,0]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Rail ",{"$f":"AVERAGE(T274:T276)","v":2.5185185185185185E-2},0.21,0,0,5.2888888888888889E-6]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Truck for FFB transport (Diesel)",7.5390899999999997E-2,2.0122857142857145,5.0000000000000001E-3,0,1.5181303105714288E-4,null,0.63,"Boiler for heating"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Tanker truck MB2318 (Diesel)",7.5390899999999997E-2,2.16,0,0,1.62844344E-4,null,0.2,"Boiler for electricity"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Tanker truck with water cannons(Diesel)",7.5390899999999997E-2,0.93600000000000005,0,0,7.0565882400000005E-5]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Dumpster truck MB2213 for filter mud transport",7.5390899999999997E-2,3.6,0,0,2.7140724E-4]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Output calculated using formulas presented in: ",null,"http://www.epa.gov/chp/basic/methods.html"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Cogeneration",null,null,"Number ","Thermal Efficiency","Electric efficiency"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Please select","Technolgy","Product",0,0.2,0.2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Simple","Condensing Turbine","Power Only",1,0.2,0.2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Semi-Advanced","\nBack-pressure Steam Turbine","Heat and Power",2,0.63,0.2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Advanced","BIGCC (Biomass Gasification Combined Cycle)","Heat and Power",3,0.71,0.3]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Options"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Please select"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Option 1",null,null,null,null,null,null,null,null,null,null,"SC1","SC2","SC3",null,null,null,"TOTAL"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Option 2",null,null,null,null,null,null,null,null,null,null,"Feedstock Production","Feedstock Production","Feedstock Production","Feedstock Transportation","Biofuel Production","Residues Transportation",null,"SC1","SC2","SC3"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Fuel","Calorific Value (MJ/Kg)","Density (kg/L)","kg CO2e/MJ",null,null,null,null,null,null,5,{"$f":"+E25","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+$G42","v":{"$error":"#N/A"}},{"$f":"+IF($D$60,I$148,I$79)","v":{"$error":"#DIV/0!"}},{"$f":"+$L42","v":{"$error":"#N/A"}},5000000,{"$f":"+(AB261+$AE261+$AF$261+$AG261)*1000/$AH261","v":{"$error":"#DIV/0!"}},{"$f":"+(AC261+$AE261+$AF$261+$AG261)*1000/$AH261","v":{"$error":"#DIV/0!"}},{"$f":"+(AD261+$AE261+$AF$261+$AG261)*1000/$AH261","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Please Select",null,null,null,null,null,null,null,null,null,25,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+$G43","v":{"$error":"#N/A"}},{"$f":"+IF($D$60,J$148,J$79)","v":{"$error":"#DIV/0!"}},{"$f":"+$L43","v":{"$error":"#N/A"}},25000000,{"$f":"+(AB262+$AE262+$AF262+$AG262)*1000/$AH262","v":{"$error":"#DIV/0!"}},{"$f":"+(AC262+$AE262+$AF262+$AG262)*1000/$AH262","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Gasoline",44.3,0.89,7.0985000000000006E-2,null,null,null,null,null,null,50,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+$G44","v":{"$error":"#N/A"}},{"$f":"+IF($D$60,K$148,K$79)","v":{"$error":"#DIV/0!"}},{"$f":"+$L44","v":{"$error":"#N/A"}},50000000,{"$f":"+(AB263+$AE263+$AF263+$AG263)*1000/$AH263","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Diesel Oil",43,0.73721999999999999,7.5390899999999997E-2,null,null,null,null,null,null,100,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+$G45","v":{"$error":"#N/A"}},{"$f":"+IF($D$60,L$148,L$79)","v":{"$error":"#DIV/0!"}},{"$f":"+$L45","v":{"$error":"#N/A"}},100000000,{"$f":"+(AB264+$AE264+$AF264+$AG264)*1000/$AH264","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Waste Oil / Lubrificants",40.200000000000003,0.95,7.4590899999999988E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"LPG",47.3,0.54500000000000004,6.4463999999999994E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Natural Gas",48,0.65,{"$f":"0.0156","v":1.5599999999999999E-2}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Peat",9.76,0.68235294117647061,4.86E-4]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Butane",45.27677203684572,2,1.9480010617414268E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Propane",46.295535660398848,1.92,1.7257603537859503E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Methanol",20.093562745097504,0.79179999999999995,8.6423182179058061E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",26.95163409308779,0.78900000000000003,4.2277931942379249E-3]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Biodiesel",{"$f":"35.7/0.88","v":40.56818181818182},0.88,4.2590356310978073E-3]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Other bituminous coal",22.7322030001394,0,2.3333333333333334E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sub bituminous coal",26.121512445062798,0,2.5833333333333333E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignite brown coal",28.610197070281195,0,2.6388888888888889E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Wood",19.551069237418005,0,5.1966467289447192E-7]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Please select",1,"Steam @10 Bar",2013.56,"MJ/t"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstock",2,"syngas yield",3.29,"m3/kg biomass","Assuming optimal conditions","Peres, A., B. H. Lunelli, et al. (2013). \"Application of biomass to hydrogen and syngas production.\" Chemical Engineering Transactions 32: 589-594."]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Product",3,"Density Syngas",0.95,"Kg/m3"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Calorific Value ",9,"MJ/m3","Cogeneration plant using o2 as oxygenant","http://scialert.net/fulltext/?doi=ajsr.2013.187.196&org=11"]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total Emissions"]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Step 1 - Feedstock"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"tCO2eq/year",null,null,null,null,null,null,5,25,50,100]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 1","Scenario 2","Scenario 3",null,null,null,"Fuel Utilization Efficiency",{"$f":"IF(NOT($D$60),(I$54*3.6+I$53)/(I$76*I$75),(I$122*3.6+I$119)/($F$113*I116+I$136*I$137))","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($D$60),(J$54*3.6+J$53)/(J$76*J$75),(J$122*3.6+J$119)/($F$113*J116+J$136*J$137))","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($D$60),(K$54*3.6+K$53)/(K$76*K$75),(K$122*3.6+K$119)/($F$113*K116+K$136*K$137))","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($D$60),(L$54*3.6+L$53)/(L$76*L$75),(L$122*3.6+L$119)/($F$113*L116+L$136*L$137))","v":{"$error":"#DIV/0!"}},"http://www.colpan.org/publications/thesis/MSc.pdf"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"5 ML",{"$f":"E25","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"25 ML",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"50 ML",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"100ML",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IFERROR(IF(SUM(R316:R319)>0,\"Sc1+\",\"\"),\"\")","v":""},{"$f":"IFERROR(IF(SUM(S316:S319)<0,\"Sc1-\",\"\"),\"\")","v":""},{"$f":"IFERROR(IF(SUM(T316:T319)>0,\"Sc2+\",\"\"),\"\")","v":""},{"$f":"IFERROR(IF(SUM(U316:U319)<0,\"Sc2-\",\"\"),\"\")","v":""},{"$f":"IFERROR(IF(SUM(V316:V319)>0,\"Sc3+\",\"\"),\"\")","v":""},{"$f":"IFERROR(IF(SUM(W316:W319)<0,\"Sc3-\",\"\"),\"\")","v":""}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"5 ML",{"$f":"+IF($R309>0,$R309,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($R309<0,$R309,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S309>0,$S309,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S309<0,$S309,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T309>0,$T309,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T309<0,$T309,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"25 ML",{"$f":"+IF($R310>0,$R310,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($R310<0,$R310,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S310>0,$S310,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S310<0,$S310,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T310>0,$T310,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T310<0,$T310,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"50 ML",{"$f":"+IF($R311>0,$R311,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($R311<0,$R311,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S311>0,$S311,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S311<0,$S311,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T311>0,$T311,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T311<0,$T311,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"100ML",{"$f":"+IF($R312>0,$R312,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($R312<0,$R312,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S312>0,$S312,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S312<0,$S312,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T312>0,$T312,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T312<0,$T312,\"\")","v":{"$error":"#DIV/0!"}}]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Step 2 - Transport"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"operating hours per year",{"$f":"'Data Entry Needs'!$G$43*24","v":0},"h/y"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstock Transport","Transport",null,null,"Processing Residue","Transport type",null,"_FS4","Feedstock type","Pretreatment Technology",null,null,null,"Solids available for cogeneration"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Barley straw","Truck for dry product (Diesel)",null,"Barley straw","Sludge","Tanker truck MB2318 (Diesel)",null,"residue production",null,{"$f":"Allocator!$D$4","v":"DA"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Maize stover","Truck for dry product (Diesel)",null,"Maize stover","Sludge","Tanker truck MB2318 (Diesel)",null,"AJ","AL","AN","AP",null,null,"AI","AK","AM","AO"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Oat straw","Truck for dry product (Diesel)",null,"Oat straw","Sludge","Tanker truck MB2318 (Diesel)",null,"5ML","25ML","50ML","100ML",null,null,"5ML","25ML","50ML","100ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Rice straw","Truck for dry product (Diesel)",null,"Rice straw","Sludge","Tanker truck MB2318 (Diesel)",null,"ktonne/year","ktonne/year","ktonne/year","ktonne/year",null,null,"ktonne/year","ktonne/year","ktonne/year","ktonne/year"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sorghum straw","Truck for dry product (Diesel)",null,"Sorghum straw","Sludge","Tanker truck MB2318 (Diesel)",null,{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&X$326&38)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&Y$326&38)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&Z$326&38)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AA$326&38)","v":{"$error":"#DIV/0!"}},null,"Lignin",{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AD$326&43)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AE$326&43)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AF$326&43)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AG$326&43)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Wheat straw","Truck for dry product (Diesel)",null,"Wheat straw","Sludge","Tanker truck MB2318 (Diesel)",null,null,null,null,null,null,"Yeast",{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AD$326&44)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AE$326&44)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AF$326&44)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AG$326&44)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sugarcane bagasse","Truck for dry product (Diesel)",null,"Sugarcane bagasse","Sludge","Tanker truck MB2318 (Diesel)",null,"Energy consumption before integration with cogeneration system",null,null,null,null,"Total",{"$f":"SUM(AD329:AD330)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AE329:AE330)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AF329:AF330)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AG329:AG330)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Oil palm empty fruit bunch","Truck for dry product (Diesel)",null,"Oil palm empty fruit bunch","Sludge","Tanker truck MB2318 (Diesel)",null,"Steam required - MJ/h",{"$f":"INDIRECT((\"B_\"&$Z$325&X324&\"!AB25\"))","v":269000},"Steam - MJ/L",{"$f":"Y332/Y334","v":{"$error":"#DIV/0!"}},null,"Average Heating Value",{"$f":"INDIRECT((\"B_\"&$Z$325&X324&\"!j103\"))","v":{"$error":"#DIV/0!"}},"MJ/kg"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Spruce forest residues","Truck for dry product (Diesel)",null,"Spruce forest residues","Sludge","Tanker truck MB2318 (Diesel)",null,"Electricity required -kWh/h",{"$f":"INDIRECT((\"B_\"&$Z$325&X324&\"!AB26\"))","v":19000},"Electricity - kWh/L",{"$f":"Y333/Y334","v":{"$error":"#DIV/0!"}},null,null,"Energy cogenerated"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Miscanthus giganteus","Truck for dry product (Diesel)",null,"Miscanthus giganteus","Sludge","Tanker truck MB2318 (Diesel)",null,"Ethanol produced - L/h",{"$f":"INDIRECT((\"B_\"&$Z$325&X324&\"!P72\"))","v":0},null,null,null,null,"AI","AJ","AK","AL"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Napier grass","Truck for dry product (Diesel)",null,"Napier grass","Sludge","Tanker truck MB2318 (Diesel)",null,null,null,null,null,null,null,"5ML","25ML","50ML","100ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Arundo donax","Truck for dry product (Diesel)",null,"Arundo donax","Sludge","Tanker truck MB2318 (Diesel)",null,"5ML","25ML","50ML","100ML",null,"Electricity - kW",{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AD$334&81)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AE$334&81)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AF$334&81)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AG$334&81)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Switchgrass","Truck for dry product (Diesel)",null,"Switchgrass","Sludge","Tanker truck MB2318 (Diesel)",null,5,25,50,100,null,"Steam - MW",{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AD$334&82)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AE$334&82)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AF$334&82)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AG$334&82)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Willow","Truck for dry product (Diesel)",null,"Willow","Sludge","Tanker truck MB2318 (Diesel)","Steam - 1000 MJ/y",{"$f":"$AA$332*X337*1000000/1000","v":{"$error":"#DIV/0!"}},{"$f":"$AA$332*Y337*1000000/1000","v":{"$error":"#DIV/0!"}},{"$f":"$AA$332*Z337*1000000/1000","v":{"$error":"#DIV/0!"}},{"$f":"$AA$332*AA337*1000000/1000","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Poplar","Truck for dry product (Diesel)",null,"Poplar","Sludge","Tanker truck MB2318 (Diesel)","Electricity - 1000 kWh/y",{"$f":"$AA$333*X337*1000000/1000","v":{"$error":"#DIV/0!"}},{"$f":"$AA$333*Y337*1000000/1000","v":{"$error":"#DIV/0!"}},{"$f":"$AA$333*Z337*1000000/1000","v":{"$error":"#DIV/0!"}},{"$f":"$AA$333*AA337*1000000/1000","v":{"$error":"#DIV/0!"}},null,"Electricity - 1000 kWh/y",{"$f":"AD336*3600*$AD$323/(1000*3.6*1000)","v":{"$error":"#DIV/0!"}},{"$f":"AE336*3600*$AD$323/(1000*3.6*1000)","v":{"$error":"#DIV/0!"}},{"$f":"AF336*3600*$AD$323/(1000*3.6*1000)","v":{"$error":"#DIV/0!"}},{"$f":"AG336*3600*$AD$323/(1000*3.6*1000)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Spruce","Truck for dry product (Diesel)",null,"Spruce","Sludge","Tanker truck MB2318 (Diesel)",null,null,null,null,null,null,"Steam - 1000 MJ/y",{"$f":"AD337*3600*$AD$323/1000","v":{"$error":"#DIV/0!"}},{"$f":"AE337*3600*$AD$323/1000","v":{"$error":"#DIV/0!"}},{"$f":"AF337*3600*$AD$323/1000","v":{"$error":"#DIV/0!"}},{"$f":"AG337*3600*$AD$323/1000","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"energy supplied","AI","AJ","AK","AL"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Cogeneration fossil energy",null,null,null,null,null,null,"5ML","25ML","50ML","100ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Electrical efficiency",{"$f":"Allocator!$J$24","v":0.2},null,null,null,null,null,5,25,50,100]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Thermal Efficiency",{"$f":"Allocator!$J$25","v":0.2},null,null,null,null,"Electricity Supplied (%)",{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&X$342&83)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&Y$342&83)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&Z$342&83)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AA$342&83)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"(R345-R344)/(1-(R344/Allocator!$I$15))","v":0},null,null,null,null,"Steam Supplied (%)",{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&X$342&84)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&Y$342&84)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&Z$342&84)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AA$342&84)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"5ML","25ML","50ML","100ML",null,"For figures",1,1,1,1]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Electricity required - MJ/year",{"$f":"(I126*I54*1000*3.6)","v":{"$error":"#DIV/0!"}},{"$f":"(J126*J54*1000*3.6)","v":{"$error":"#DIV/0!"}},{"$f":"(K126*K54*1000*3.6)","v":{"$error":"#DIV/0!"}},{"$f":"(L126*L54*1000*3.6)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Fuel required - MJ/year",{"$f":"R348/($R$345-$R$346)","v":{"$error":"#DIV/0!"}},{"$f":"S348/($R$345-$R$346)","v":{"$error":"#DIV/0!"}},{"$f":"T348/($R$345-$R$346)","v":{"$error":"#DIV/0!"}},{"$f":"U348/($R$345-$R$346)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Fuel required - t/year",{"$f":"R349/(I136*1000)","v":{"$error":"#DIV/0!"}},{"$f":"S349/(J136*1000)","v":{"$error":"#DIV/0!"}},{"$f":"T349/(K136*1000)","v":{"$error":"#DIV/0!"}},{"$f":"U349/(L136*1000)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"5ML","25ML","50ML","100ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Extra steam required - MJ/year",{"$f":"I125*I53*1000","v":{"$error":"#DIV/0!"}},{"$f":"J125*J53*1000","v":{"$error":"#DIV/0!"}},{"$f":"K125*K53*1000","v":{"$error":"#DIV/0!"}},{"$f":"L125*L53*1000","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Fuel required - MJ/year",{"$f":"R353/0.63","v":{"$error":"#DIV/0!"}},{"$f":"S353/0.63","v":{"$error":"#DIV/0!"}},{"$f":"T353/0.63","v":{"$error":"#DIV/0!"}},{"$f":"U353/0.63","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Fuel required - tonne/year",{"$f":"R354/(I136*1000)","v":{"$error":"#DIV/0!"}},{"$f":"S354/(J136*1000)","v":{"$error":"#DIV/0!"}},{"$f":"T354/(K136*1000)","v":{"$error":"#DIV/0!"}},{"$f":"U354/(L136*1000)","v":{"$error":"#DIV/0!"}}]
[]
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[null,null,null,null,null,null,null,null,null,null,null,true]

{"sheet":"Summary of results-by feedstock","index":70,"n_rows":379,"n_cols":45,"rows_kept":379,"cut":false,"hidden":false,"merged":[[121,14,121,15],[8,15,8,20],[53,16,53,19],[107,14,107,15],[107,16,107,18],[107,19,107,20],[77,14,77,16],[96,14,96,18],[104,9,104,11],[106,2,119,2],[104,2,104,3],[104,5,104,7],[2,2,2,20],[53,7,53,12],[16,10,16,16],[22,10,22,16],[12,2,12,9],[14,2,14,8],[14,10,14,16],[53,2,53,5],[28,10,28,16],[16,2,16,8],[22,2,22,8],[7,2,7,7],[7,8,7,14],[8,8,8,14],[7,15,7,20],[57,7,57,14],[66,16,66,20],[8,2,8,7],[60,16,63,20],[54,7,54,14],[55,7,55,14],[56,7,56,14],[28,2,28,8],[14,18,14,20],[35,2,35,9],[96,2,96,6],[98,9,98,12],[100,4,100,8],[77,2,77,6],[98,5,98,6],[98,7,98,8],[100,9,100,10],[122,17,122,18],[123,17,123,18],[100,11,100,12],[121,2,128,2],[128,14,129,20],[124,14,124,15],[126,14,126,16],[122,14,122,15],[124,17,124,18],[110,14,110,20],[109,14,109,18],[112,17,112,18],[111,14,111,15],[118,14,118,20],[117,17,117,18],[123,14,123,15]]}
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.1]
[]
[null,null,{"$f":"+UPPER(\" Summary of results for Ethanol Production from \"&$AE$145)","v":" SUMMARY OF RESULTS FOR ETHANOL PRODUCTION FROM  "}]
[]
[]
[null,null,"Feeedstock Selection",null,null,"1.  "]
[]
[null,null,"Include Scenario 1 (Own Production)",null,null,null,null,null,"Include Scenario 2 (Mixed)",null,null,null,null,null,null,"Include Scenario 3 (Outgrowers)"]
[null,null,{"$f":"+\"Price of \"&$AE$145&\" = \"&ROUND($AI$145,2)&\" (USD/t)\"","v":"Price of   = 0 (USD/t)"},null,null,null,null,null,{"$f":"+\"Price of \"&$AE$145&\" = \"&ROUND($AI$146,2)&\" (USD/t)\"","v":"Price of   = 0 (USD/t)"},null,null,null,null,null,null,{"$f":"+\"Price of \"&$AE$145&\" = \"&ROUND($AI$147,2)&\" (USD/t)\"","v":"Price of   = 0 (USD/t)"}]
[]
[null,null,"Production Cost and Investments"]
[]
[null,null,"Subtract revenues from co-products"]
[]
[null,null,{"$f":"$AC$173","v":"Comparison of production cost with fossil fuel price - Net exporter option (USD/l gasoline equivalent)"},null,null,null,null,null,null,null,{"$f":"$AC$174","v":"Comparison of production cost with biofuel price - Net exporter option (USD/l ethanol)"},null,null,null,null,null,null,null,{"$f":"IF($AJ$174=1,\"Total Investment Ethanol and Cogeneration Plant (million USD)\",\"Total Investment Ethanol Plant (million USD)\")","v":"Total Investment Ethanol and Cogeneration Plant (million USD)"}]
[]
[null,null," Scenario 1 (Own Production)",null,null,null,null,null,null,null," Scenario 1 (Own Production)"]
[]
[]
[]
[]
[]
[null,null,"Scenario 2 (Mixed)",null,null,null,null,null,null,null,"Scenario 2 (Mixed)"]
[]
[]
[]
[]
[]
[null,null,"Scenario 3 (Outgrowers)",null,null,null,null,null,null,null,"Scenario 3 (Outgrowers)"]
[]
[]
[]
[]
[]
[]
[null,null,"Share of production costs under different scenarios"]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,"Operating Results"]
[]
[null,null,"Feedstock requirement per plant",null,null,null,null,"Number of plants potentially supplied",null,null,null,null,null,null,null,null,{"$f":"+\"Maximum attainable \"&$AG$146&\" production\"","v":"Maximum attainable Ethanol production"}]
[null,null,null,null,null,null,null,{"$f":"+(IF($AA$255<1,\"Not enough biomass available for 5 ML capacity. Then potential number of plants is zero\",\"The maximum number of plants potentially available for 5 ML capacity is \"&ROUND($AA$255,0)))","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,{"$f":"+(IF($AB$255<1,\"Not enough biomass available for 25 ML capacity. Then potential number of plants is zero\",\"The maximum number of plants potentially available for 25 ML capacity is \"&ROUND($AB$255,0)))","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,{"$f":"+(IF($AC$255<1,\"Not enough biomass available for 50 ML capacity. Then potential number of plants is zero\",\"The maximum number of plants potentially available for 50 ML capacity is \"&ROUND($AC$255,0)))","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,{"$f":"+(IF($AD$255<1,\"Not enough biomass available for 100 ML capacity. Then potential number of plants is zero\",\"The maximum number of plants potentially available for 100 ML capacity is \"&ROUND($AD$255,0)))","v":{"$error":"#DIV/0!"}}]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF(SUM($AA$255:$AD$255)=0,\"The defined available \"&LOWER($AE$145 )&\" production is not enough to supply at least one plant size. Consequently, it is not possible to cover the current \"&LOWER($AA$258)&\".\",\"The maximum attainable production of \"&$AG$146&\" from the available \"&LOWER($AE$145)&\" biomass is \"&ROUND($AC$259,0)&\" ML/year. It is able to cover \"&ROUND($AB$259,3)*100&\"%\"&\" of \"&ROUND($AC$258,0)&\" ML/year \"&LOWER($AA$258)&\" required by \"&$AA$260&AB260&\" blending mandate.\")","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+\"Number of jobs in \"&$AG$146&\" processing\"","v":"Number of jobs in Ethanol processing"}]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,"Financial Analysis"]
[]
[null,null,"Net Present Value (million USD/year)",null,null,null,null,null,null,null,null,null,null,null,"Internal Rate of Return (%)"]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,"GHG Analysis"]
[]
[null,null,"GHG Emissions and Projected Savings",null,null,null,null,null,null,null,null,null,null,null,"GHG Share of Contrinution to Emissions"]
[]
[null,null,"Unit basis for emissions",null,null,null,null,null,null,{"$f":"\"Minimum savings required. Compared to\"&\" \"&$AD$173&\" fuel\"","v":"Minimum savings required. Compared to Gasoline fuel"}]
[]
[null,null,"Emissions Regulation",null,"USA-Renewable Fuels Standard (RFS)",null,null,null,null,{"$f":"+VLOOKUP($E$101,$AL$304:$AM$306,2,FALSE)","v":0.5},null,0.8]
[]
[null,null,"Allocation Rule",null,"User Defined",null,null,null,{"$f":"$AI$252","v":0}]
[]
[null,null,{"$f":"+$AF$367&\" \"&\"Fuel\"","v":"Ethanol Fuel"},null,{"$f":"$AH$254","v":1},{"$f":"+$AF$368","v":"Lignin "},null,null,{"$f":"$AI$254","v":0},null,null,null,{"$f":"$AJ$254","v":0}]
[]
[null,null,{"$f":"IF($AG$326=1,\"Product Basis (kgCO2eq/L)\",\"Energy Basis (gCO2eq/MJ)\")","v":"Product Basis (kgCO2eq/L)"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstock",null,"Transport Feedstock & Residues",null,null,"Biofuel Processing"]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Summary of Cogeneration Results"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Cogeneration Performance"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Technology",null,{"$f":"AM176","v":"Simple: Condensing Turbine"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"5 ML","25 ML",null,"50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Electricity Capacity (kW)",null,{"$f":"+IF($AJ$174=1,AJ180,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($AJ$174=1,AK180,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($AJ$174=1,AK180,\"\")","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Heat Capacity (MW)",null,{"$f":"+IF($AJ$174=1,AJ181,\"\")","v":{"$error":"#DIV/0!"}},null,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant Electricity Demand Supplied",null,{"$f":"+IF($AJ$174=1,AJ182,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($AJ$174=1,AK182,\"\")","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant Heat Demand Supplied",null,{"$f":"+IF($AJ$174=1,AJ183,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($AJ$174=1,AK183,\"\")","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Elec. Surplus (% of total produced)",null,{"$f":"+IF($AJ$174=1,AJ184,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($AJ$174=1,AK184,\"\")","v":{"$error":"#DIV/0!"}},null,{"$f":"+IF($AJ$174=1,AL184,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($AJ$174=1,AM184,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+IF($AJ$174=1,\"Cost of Cogeneration System\",\"No Economic Benefits from Cogeneration Obtained\")","v":"Cost of Cogeneration System"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"5 ML",null,"25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Investment (million USD)",null,{"$f":"+IF($AJ$174=1,AJ188,\"\")","v":0},null,{"$f":"+IF($AJ$174=1,AK188,\"\")","v":0},{"$f":"+IF($AJ$174=1,AL188,\"\")","v":0},{"$f":"+IF($AJ$174=1,AM188,\"\")","v":0}]
[null,null,"Average GHG Savings",null,null,null,null,null,null,null,null,null,null,null,"Energy Cost Avoided (USD/year)",null,{"$f":"+IF($AJ$174=1,AJ207,\"\")","v":{"$error":"#DIV/0!"}},null,{"$f":"+IF($AJ$174=1,AK207,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($AJ$174=1,AL207,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($AJ$174=1,AM207,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Energy Cost Avoided (USD/L EtOH)",null,{"$f":"+IF($AJ$174=1,AJ208,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($AJ$174=1,AK208,\"\")","v":{"$error":"#DIV/0!"}},null,{"$f":"+IF($AJ$174=1,AL208,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($AJ$174=1,AM208,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Revenue Electricity Selling (USD/year)",null,{"$f":"+IF($AJ$174=1,AJ212,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($AJ$174=1,AK212,\"\")","v":{"$error":"#DIV/0!"}},null,{"$f":"+IF($AJ$174=1,AL212,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($AJ$174=1,AM212,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Revenue Electricity Selling (USD/L EtOH)",null,{"$f":"+IF($AJ$174=1,AJ213,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($AJ$174=1,AK213,\"\")","v":{"$error":"#DIV/0!"}},null,{"$f":"+IF($AJ$174=1,AL213,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($AJ$174=1,AM213,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF($AJ$174=1,\"Energy cost avoided, revenue from electricty surplus and addtional investment are included in production costs, financial assessment and GHG calculations\",\"Energy cost avoided, revenue from electricty surplus and addtional investment are NOT included in production costs, financial assessment and GHG calculations\")","v":"Energy cost avoided, revenue from electricty surplus and addtional investment are included in production costs, financial assessment and GHG calculations"},null,null,null,null,null,null,null,null,null,null,"no"]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"List to display results"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstocks",null,null,null,{"$f":"+F6","v":"1.  "}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1,{"$f":"+$Y145&\". \"&$AA145","v":"1.  "},{"$f":"+'Data Entry Needs'!$E$11","v":" "},1,{"$f":"VLOOKUP(AA145,'Data Entry Needs'!$T$142:$U$158,2,FALSE)","v":{"$error":"#N/A"}},"Selection",{"$f":"+VLOOKUP($AE$144,$Z$145:$AB$148,2,FALSE)","v":" "},{"$f":"+VLOOKUP($AE$144,$Z$145:$AB$148,3,FALSE)","v":1},{"$f":"+VLOOKUP($AE$145,$AA$145:$AC$148,3,FALSE)","v":{"$error":"#N/A"}},"Sc1",{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!C29\")","v":0}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,2,{"$f":"+$Y146&\". \"&$AA146","v":"2.  "},{"$f":"+'Data Entry Needs'!$F$11","v":" "},2,{"$f":"VLOOKUP(AA146,'Data Entry Needs'!$T$142:$U$158,2,FALSE)","v":{"$error":"#N/A"}},"Biofuel Conversion",{"$f":"+VLOOKUP(AE145,Allocator!B13:C16,2,FALSE)","v":0},"L/t",{"$f":"\"Ethanol\"","v":"Ethanol"},"Sc2",{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!f29\")","v":0}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,3,{"$f":"+$Y147&\". \"&$AA147","v":"3.  "},{"$f":"+'Data Entry Needs'!$G$11","v":" "},3,{"$f":"VLOOKUP(AA147,'Data Entry Needs'!$T$142:$U$158,2,FALSE)","v":{"$error":"#N/A"}},{"$f":"\"Ethanol Demand\"","v":"Ethanol Demand"},{"$f":"'Biofuel Demand'!$D$23","v":0},null,null,"Sc3",{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!j29\")","v":0}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,4,{"$f":"+$Y148&\". \"&$AA148","v":"4.  "},{"$f":"+'Data Entry Needs'!$H$11","v":" "},4,{"$f":"VLOOKUP(AA148,'Data Entry Needs'!$T$142:$U$158,2,FALSE)","v":{"$error":"#N/A"}}]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"NPV"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"List of production cost","g","i","k","m",null,null,null,null,5,25,50,100]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"USD/year","5 ML","25 ML","50 ML","100 ML",null,null,null,null,"5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sc1","Feedstock",{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AA$152&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AB$152&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AC$152&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AD$152&42)","v":{"$error":"#DIV/0!"}},null,null,1,"Sc1",{"$f":"+INDIRECT(\"FA\"&AI$152&\"_FS\"&$AF$145&\"_SC\"&$AG154&\"!c109\")","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sc2","Feedstock",{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AA$152&43)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AB$152&43)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AC$152&43)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AD$152&43)","v":{"$error":"#DIV/0!"}},null,null,2,"Sc2",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sc3","Feedstock",{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AA$152&44)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AB$152&44)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AC$152&44)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AD$152&44)","v":{"$error":"#DIV/0!"}},null,null,3,"Sc3",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Other chem. inputs",{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AA$152&53)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AB$152&53)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AC$152&53)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AD$152&53)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Energy",{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AA$152&59)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AB$152&59)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AC$152&59)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AD$152&59)","v":{"$error":"#DIV/0!"}},null,null,null,null,"IRR"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Labour and miscellaneous costs",{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AA$152&66)","v":0},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AB$152&66)","v":0},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AC$152&66)","v":0},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AD$152&66)","v":0},null,null,null,null,5,25,50,100]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Transport",{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AA$152&72)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AB$152&72)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AC$152&72)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AD$152&72)","v":{"$error":"#DIV/0!"}},null,null,null,null,"5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Storage",{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AA$152&88)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AB$152&88)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AC$152&88)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AD$152&88)","v":{"$error":"#DIV/0!"}},null,null,1,"Sc1",{"$f":"+INDIRECT(\"FA\"&AI$152&\"_FS\"&$AF$145&\"_SC\"&$AG161&\"!c110\")","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Co-products revenues conditional",null,"Other costs",{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AA$152&95)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AB$152&95)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AC$152&95)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AD$152&95)","v":{"$error":"#DIV/0!"}},null,null,2,"Sc2",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,true,null,"Depreciation & maintenance",{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AA$152&82)","v":1785400},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AB$152&82)","v":4689250},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AC$152&82)","v":7107500},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AD$152&82)","v":10773000},null,null,3,"Sc3",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF(X163,1,0)","v":1},null,"Co-Products Revenues",{"$f":"-INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AA$152&103)*$X$164","v":0},{"$f":"-INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AB$152&103)*$X$164","v":0},{"$f":"-INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AC$152&103)*$X$164","v":0},{"$f":"-INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AD$152&103)*$X$164","v":0}]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Production costs total (USD/y)","5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 1",{"$f":"AA154+SUM($AA$157:$AA$164)","v":{"$error":"#DIV/0!"}},{"$f":"AB154+SUM(AB157:AB164)","v":{"$error":"#DIV/0!"}},{"$f":"AC154+SUM(AC157:AC164)","v":{"$error":"#DIV/0!"}},{"$f":"AD154+SUM(AD157:AD164)","v":{"$error":"#DIV/0!"}},null,null,{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 2",{"$f":"AA155+SUM(AA157:AA164)","v":{"$error":"#DIV/0!"}},{"$f":"AB155+SUM(AB157:AB164)","v":{"$error":"#DIV/0!"}},{"$f":"AC155+SUM(AC157:AC164)","v":{"$error":"#DIV/0!"}},{"$f":"AD155+SUM(AD157:AD164)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 3",{"$f":"AA156+SUM(AA157:AA164)","v":{"$error":"#DIV/0!"}},{"$f":"AB156+SUM(AB157:AB164)","v":{"$error":"#DIV/0!"}},{"$f":"AC156+SUM(AC157:AC164)","v":{"$error":"#DIV/0!"}},{"$f":"AD156+SUM(AD157:AD164)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Titles of figures of production Costs"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+'Data Entry Needs'!$T$212","v":"fossil fuel"},{"$f":"+'Data Entry Needs'!$U$212","v":"Net exporter"},{"$f":"+'Data Entry Needs'!$V$212","v":true},{"$f":"\"USD/l gasoline equivalent\"","v":"USD/l gasoline equivalent"},{"$f":"+\"Comparison of production cost with \"&$Y173&\" price - \"&$Z173&\" option (\"&$AB173&\")\"","v":"Comparison of production cost with fossil fuel price - Net exporter option (USD/l gasoline equivalent)"},"Gasoline",{"$f":"+IF(Z173=\"net exporter\",\"FGP price\",\"FOB price\")","v":"FGP price"},{"$f":"+IF(AND(VLOOKUP(Y173&Z173,'Data Entry Needs'!$P$217:$R$225,3,FALSE)=1,'Data Entry Needs'!$V$215),\"+ Transport\",IF(AND(VLOOKUP(Y173&Z173,'Data Entry Needs'!$P$217:$R$225,3,FALSE)=-1,'Data Entry Needs'!$V$215),\"- Transport\",\"\"))","v":""},{"$f":"+VLOOKUP($AD$173,'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+'Data Entry Needs'!$T$213","v":"biofuel"},{"$f":"+'Data Entry Needs'!$U$213","v":"Net exporter"},{"$f":"+'Data Entry Needs'!$V$213","v":true},{"$f":"\"USD/l ethanol\"","v":"USD/l ethanol"},{"$f":"+\"Comparison of production cost with \"&$Y174&\" price - \"&$Z174&\" option (\"&$AB174&\")\"","v":"Comparison of production cost with biofuel price - Net exporter option (USD/l ethanol)"},"Ethanol",{"$f":"+IF(Z174=\"net exporter\",\"FGP price\",\"FOB price\")","v":"FGP price"},{"$f":"+IF(AND(VLOOKUP(Y174&Z174,'Data Entry Needs'!$P$217:$R$225,3,FALSE)=1,'Data Entry Needs'!$V$215),\"+ Transport\",IF(AND(VLOOKUP(Y174&Z174,'Data Entry Needs'!$P$217:$R$225,3,FALSE)=-1,'Data Entry Needs'!$V$215),\"- Transport\",\"\"))","v":""},{"$f":"+VLOOKUP($AD$174,'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},null,"Multiplier for cogeneration",{"$f":"'Data Entry Needs'!$M$26","v":1},"yes"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"no"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Pretreatment Technology","Cogeneration Technology",{"$f":"'Data Entry Needs'!$F$26&\": \" &'Data Entry Needs'!N129","v":"Simple: Condensing Turbine"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Figures of Production costs",null,null,null,null,null,null,null,null,"Technical results cogeneration",null,{"$f":"Allocator!$D$4","v":"DA"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Decision for including/excluding scenarios + including range of uncertainty",null,null,null,null,null,null,null,null,null,"AI","AJ","AK","AL"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 1",true,"Sc1",null,null,null,null,null,null,null,"5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 2",true,"Sc2",null,null,null,null,null,null,"Electricity Capacity (kW)",{"$f":"INDIRECT(\"B_\"&$AK$177&\"_FS\"&$AF$145&\"!\"&AJ178&81)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$AK$177&\"_FS\"&$AF$145&\"!\"&AK178&81)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$AK$177&\"_FS\"&$AF$145&\"!\"&AL178&81)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$AK$177&\"_FS\"&$AF$145&\"!\"&AM178&81)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 3",true,"Sc3","Conditional range",null,null,null,null,null,"Heat Capacity (MW)",{"$f":"INDIRECT(\"B_\"&$AK$177&\"_FS\"&$AF$145&\"!\"&AJ178&82)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$AK$177&\"_FS\"&$AF$145&\"!\"&AK178&82)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$AK$177&\"_FS\"&$AF$145&\"!\"&AL178&82)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$AK$177&\"_FS\"&$AF$145&\"!\"&AM178&82)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Range",{"$f":"+IF($P$1=0%,FALSE,TRUE)","v":true},null,{"$f":"IF(AA182,1,0)","v":1},null,null,null,null,null,"Plant Electricity Demand Supplied",{"$f":"INDIRECT(\"B_\"&$AK$177&\"_FS\"&$AF$145&\"!\"&AJ178&83)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$AK$177&\"_FS\"&$AF$145&\"!\"&AK178&83)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$AK$177&\"_FS\"&$AF$145&\"!\"&AL178&83)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$AK$177&\"_FS\"&$AF$145&\"!\"&AM178&83)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant Heat Demand Supplied",{"$f":"INDIRECT(\"B_\"&$AK$177&\"_FS\"&$AF$145&\"!\"&AJ178&84)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$AK$177&\"_FS\"&$AF$145&\"!\"&AK178&84)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$AK$177&\"_FS\"&$AF$145&\"!\"&AL178&84)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$AK$177&\"_FS\"&$AF$145&\"!\"&AM178&84)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Figure production cost of ethanol (USD/L)",null,"5 ML","25 ML","50 ML","100 ML",null,null,null,null,"Electricity Surplus (% of total produced)",{"$f":"INDIRECT(\"B_\"&$AK$177&\"_FS\"&$AF$145&\"!\"&AJ178&85)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$AK$177&\"_FS\"&$AF$145&\"!\"&AK178&85)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$AK$177&\"_FS\"&$AF$145&\"!\"&AL178&85)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$AK$177&\"_FS\"&$AF$145&\"!\"&AM178&85)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Production capacity - ML/y",5,25,50,100]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Production capacity - Liters/y",{"$f":"AA185*1000000","v":5000000},{"$f":"AB185*1000000","v":25000000},{"$f":"AC185*1000000","v":50000000},{"$f":"AD185*1000000","v":100000000},null,null,null,null,"Cogeneration Investment"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 1","Scenario 1 - high",{"$f":"IFERROR(IF($AA$179,AA168*(1+$P$1)/AA186,\"\"),0)","v":0},{"$f":"IFERROR(IF($AA$179,AB168*(1+$P$1)/AB186,\"\"),0)","v":0},{"$f":"IFERROR(IF($AA$179,AC168*(1+$P$1)/AC186,\"\"),0)","v":0},{"$f":"IFERROR(IF($AA$179,AD168*(1+$P$1)/AD186,\"\"),0)","v":0},null,null,null,null,null,"5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 1 - low",{"$f":"IFERROR(IF($AA$179,AA168*(1-$P$1)/AA186)*$AC$182,0)","v":0},{"$f":"IFERROR(IF($AA$179,AB168*(1-$P$1)/AB186)*$AC$182,0)","v":0},{"$f":"IFERROR(IF($AA$179,AC168*(1-$P$1)/AC186)*$AC$182,0)","v":0},{"$f":"IFERROR(IF($AA$179,AD168*(1-$P$1)/AD186)*$AC$182,0)","v":0},null,null,null,null,"M. USD",{"$f":"Allocator!J46/1000000","v":0},{"$f":"Allocator!K46/1000000","v":0},{"$f":"Allocator!L46/1000000","v":0},{"$f":"Allocator!M46/1000000","v":0}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 2","Scenario 2 - high",{"$f":"IFERROR(IF($AA$180,AA169*(1+$P$1)/AA186,\"\"),0)","v":0},{"$f":"IFERROR(IF($AA$180,AB169*(1+$P$1)/AB186,\"\"),0)","v":0},{"$f":"IFERROR(IF($AA$180,AC169*(1+$P$1)/AC186,\"\"),0)","v":0},{"$f":"IFERROR(IF($AA$180,AD169*(1+$P$1)/AD186,\"\"),0)","v":0},null,null,null,null,null,"AB","P"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 2 - low",{"$f":"IFERROR(IF($AA$180,AA169*(1-$P$1)/AA186,\"\")*$AC$182,0)","v":0},{"$f":"IFERROR(IF($AA$180,AB169*(1-$P$1)/AB186,\"\")*$AC$182,0)","v":0},{"$f":"IFERROR(IF($AA$180,AC169*(1-$P$1)/AC186,\"\")*$AC$182,0)","v":0},{"$f":"IFERROR(IF($AA$180,AD169*(1-$P$1)/AD186,\"\")*$AC$182,0)","v":0},null,null,null,null,"Avoided costs Energy","consumption before integration with cogeneration"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Steam required - MJ/h",{"$f":"INDIRECT((\"B_\"&$AK$177&\"_FS\"&$AF$145&\"!\"&AJ190&25))","v":2690},{"$f":"AJ192/AJ194","v":{"$error":"#DIV/0!"}},"MJ/L"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 3","Scenario 3 - high",{"$f":"IFERROR(IF($AA$181,AA170*(1+$P$1)/AA186,\"\"),0)","v":0},{"$f":"IFERROR(IF($AA$181,AB170*(1+$P$1)/AB186,\"\"),0)","v":0},{"$f":"IFERROR(IF($AA$181,AC170*(1+$P$1)/AC186,\"\"),0)","v":0},{"$f":"IFERROR(IF($AA$181,AD170*(1+$P$1)/AD186,\"\"),0)","v":0},null,null,null,null,"Electricity required -kWh/h",{"$f":"INDIRECT((\"B_\"&$AK$177&\"_FS\"&$AF$145&\"!\"&AJ190&26))","v":190},{"$f":"AJ193/AJ194","v":{"$error":"#DIV/0!"}},"kWh/L"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 3 - low",{"$f":"IFERROR(IF($AA$181,AA170*(1-$P$1)/AA186,\"\")*$AC$182,0)","v":0},{"$f":"IFERROR(IF($AA$181,AB170*(1-$P$1)/AB186,\"\")*$AC$182,0)","v":0},{"$f":"IFERROR(IF($AA$181,AC170*(1-$P$1)/AC186,\"\")*$AC$182,0)","v":0},{"$f":"IFERROR(IF($AA$181,AD170*(1-$P$1)/AD186,\"\")*$AC$182,0)","v":0},null,null,null,null,"Ethanol produced - L/h",{"$f":"INDIRECT((\"B_\"&$AK$177&\"_FS\"&$AF$145&\"!\"&AK190&72))","v":0}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+AD174&\" \"&AE174&\" \"&AF174","v":"Ethanol FGP price "},{"$f":"$AG$174","v":0},{"$f":"$AG$174","v":0},{"$f":"$AG$174","v":0},{"$f":"$AG$174","v":0},{"$f":"$AG$174","v":0},null,null,null,"Avoided costs Energy",null,"Steam price - USD/tonne",{"$f":"'Data Entry Needs'!D38","v":0}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,5,25,50,100]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Figure production cost in gasoline eq (USD/L)",null,null,null,null,null,null,null,null,null,"Steam - tonne/y",{"$f":"$AK$192*AJ198*1000000/(2.2026*1000)","v":{"$error":"#DIV/0!"}},{"$f":"$AK$192*AK198*1000000/(2.2026*1000)","v":{"$error":"#DIV/0!"}},{"$f":"$AK$192*AL198*1000000/(2.2026*1000)","v":{"$error":"#DIV/0!"}},{"$f":"$AK$192*AM198*1000000/(2.2026*1000)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Equivalence of Ethanol in Gasoline",null,{"$f":"'dummy database'!$B$23/'dummy database'!$B$22","v":1.5141509433962266},{"$f":"\"L Ethanol/LGasoline\"","v":"L Ethanol/LGasoline"},null,null,null,null,null,null,"Cost - USD/y",{"$f":"AJ199*$AL$196","v":{"$error":"#DIV/0!"}},{"$f":"AK199*$AL$196","v":{"$error":"#DIV/0!"}},{"$f":"AL199*$AL$196","v":{"$error":"#DIV/0!"}},{"$f":"AM199*$AL$196","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"5 ML","25 ML","50 ML","100 ML",null,null,null,null,"Avoided - USD/y",{"$f":"AJ200*(AJ183)","v":{"$error":"#DIV/0!"}},{"$f":"AK200*(AK183)","v":{"$error":"#DIV/0!"}},{"$f":"AL200*(AL183)","v":{"$error":"#DIV/0!"}},{"$f":"AM200*(AM183)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Production capacity - ML/y",5,25,50,100,null,null,null,null,null,null,"Electricity price - USD/kWh",{"$f":"'Data Entry Needs'!D40","v":0}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Production capacity - Liters/y",{"$f":"AA202*1000000","v":5000000},{"$f":"AB202*1000000","v":25000000},{"$f":"AC202*1000000","v":50000000},{"$f":"AD202*1000000","v":100000000},null,null,null,null,"Electricity - kWh/y",{"$f":"$AK$193*AJ198*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AK$193*AK198*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AK$193*AL198*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AK$193*AM198*1000000","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 1","Scenario 1 - high",{"$f":"IFERROR(AA187*$AA$200,0)","v":0},0,0,0,null,null,null,null,"Cost - USD/y",{"$f":"AJ203*$AL$202","v":{"$error":"#DIV/0!"}},{"$f":"AK203*$AL$202","v":{"$error":"#DIV/0!"}},{"$f":"AL203*$AL$202","v":{"$error":"#DIV/0!"}},{"$f":"AM203*$AL$202","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 1 - low",0,0,0,0,null,null,null,null,"Avoided - USD/y",{"$f":"AJ204*AJ182","v":{"$error":"#DIV/0!"}},{"$f":"AK204*AK182","v":{"$error":"#DIV/0!"}},{"$f":"AL204*AL182","v":{"$error":"#DIV/0!"}},{"$f":"AM204*AM182","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 2","Scenario 2 - high",{"$f":"+IFERROR(AA190*$AA$200,0)","v":0},0,0,0,null,null,null,null,"Total Avoided - USD/y",{"$f":"AJ201+AJ205","v":{"$error":"#DIV/0!"}},{"$f":"AK201+AK205","v":{"$error":"#DIV/0!"}},{"$f":"AL201+AL205","v":{"$error":"#DIV/0!"}},{"$f":"AM201+AM205","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 2 - low",0,0,0,0,null,null,null,null,"Total Avoided - USD/L",{"$f":"AJ207/(AJ198*1000000)","v":{"$error":"#DIV/0!"}},{"$f":"AK207/(AK198*1000000)","v":{"$error":"#DIV/0!"}},{"$f":"AL207/(AL198*1000000)","v":{"$error":"#DIV/0!"}},{"$f":"AM207/(AM198*1000000)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 3","Scenario 3 - high",{"$f":"IFERROR(AA193*$AA$200,0)","v":0},0,0,0,null,null,null,null,null,"5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 3 - low",0,0,0,0,null,null,null,null,null,5,25,50,100]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Electricity revenues - USD/y",{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AA$152&99)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AB$152&99)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AC$152&99)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AD$152&99)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+AD173&\" \"&AE173&\" \"&AF173","v":"Gasoline FGP price "},{"$f":"$AG$173","v":0},{"$f":"$AG$173","v":0},{"$f":"$AG$173","v":0},{"$f":"$AG$173","v":0},{"$f":"$AG$173","v":0},null,null,null,"Electricity revenues - USD/L EtOH",{"$f":"AJ212/(AJ211*1000000)","v":{"$error":"#DIV/0!"}},{"$f":"AK212/(AK211*1000000)","v":{"$error":"#DIV/0!"}},{"$f":"AL212/(AL211*1000000)","v":{"$error":"#DIV/0!"}},{"$f":"AM212/(AM211*1000000)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"f","h","j","l",null,null,null,null,"Figures on Revenues"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Figure Capital Investment",null,"5 ML","25 ML","50 ML","100 ML",null,null,null,null,"million USD/y","5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"USD",{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AA$215&79)","v":35708000},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AB$215&79)","v":93785000},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AC$215&79)","v":142150000},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AD$215&79)","v":215460000},null,null,null,null,"Ethanol",{"$f":"AJ211*1000000*'Data Entry Needs'!$G$74/1000000","v":0},{"$f":"AK211*1000000*'Data Entry Needs'!$G$74/1000000","v":0},{"$f":"AL211*1000000*'Data Entry Needs'!$G$74/1000000","v":0},{"$f":"AM211*1000000*'Data Entry Needs'!$G$74/1000000","v":0}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"M USD",{"$f":"AA217/1000000","v":35.707999999999998},{"$f":"AB217/1000000","v":93.784999999999997},{"$f":"AC217/1000000","v":142.15},{"$f":"AD217/1000000","v":215.46},null,null,null,null,"Electricity",{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AA$152&99)/1000000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AB$152&99)/1000000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AC$152&99)/1000000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AD$152&99)/1000000","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AA$152&100)/1000000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AB$152&100)/1000000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AC$152&100)/1000000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AD$152&100)/1000000","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"CO2",{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AA$152&101)/1000000","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Figures share on costs",null,null,null,null,null,null,null,null,null,"Lignin",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 1","5 ML","25 ML","50 ML","100 ML",null,null,null,null,"Total",{"$f":"SUM(AJ217:AJ221)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AK217:AK221)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AL217:AL221)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AM217:AM221)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstock",{"$f":"IF($AA$179,AA154/AA$168,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$179,AB154/AB$168,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$179,AC154/AC$168,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$179,AD154/AD$168,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Chemical Inputs",{"$f":"IF($AA$179,AA157/AA$168,\"\")","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,"Figures on Revenues"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Energy",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,"Share","5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Labour and other costs",{"$f":"IF($AA$179,(AA159+ AA160+AA161+AA162)/AA$168,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$179,(AB159+ AB160+AB161+AB162)/AB$168,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$179,(AC159+ AC160+AC161+AC162)/AC$168,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$179,(AD159+ AD160+AD161+AD162)/AD$168,\"\")","v":{"$error":"#DIV/0!"}},null,null,null,null,"Ethanol",{"$f":"AJ217/AJ$222","v":{"$error":"#DIV/0!"}},{"$f":"AK217/AK$222","v":{"$error":"#DIV/0!"}},{"$f":"AL217/AL$222","v":{"$error":"#DIV/0!"}},{"$f":"AM217/AM$222","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Depreciation & maintenance",{"$f":"IF($AA$179,AA163/AA$168,\"\")","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,"Electricity",{"$f":"AJ218/AJ$222","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Co-Products Revenues",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,"Yeast",{"$f":"AJ219/AJ$222","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AA223:AA228)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AB223:AB228)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AC223:AC228)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AD223:AD228)","v":{"$error":"#DIV/0!"}},null,null,null,null,"CO2",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 2","5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstock",{"$f":"IF($AA$180,AA155/AA$169,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$180,AB155/AB$169,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$180,AC155/AC$169,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$180,AD155/AD$169,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Chemical Inputs",{"$f":"IF($AA$180,AA157/AA$169,\"\")","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Energy",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Labour and other costs",{"$f":"IF($AA$180,(AA159+ AA160+AA161+AA162)/AA$169,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$180,(AB159+ AB160+AB161+AB162)/AB$169,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$180,(AC159+ AC160+AC161+AC162)/AC$169,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$180,(AD159+ AD160+AD161+AD162)/AD$169,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Depreciation & maintenance",{"$f":"IF($AA$180,AA163/AA$169,\"\")","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Co-Products Revenues",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AA232:AA237)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AB232:AB237)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AC232:AC237)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AD232:AD237)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 2","5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstock",{"$f":"IF($AA$181,AA156/AA$170,\"\")","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Chemical Inputs",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Energy",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Labour and other costs",{"$f":"IF($AA$181,(AA159+ AA160+AA161+AA162)/AA$170,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$181,(AB159+ AB160+AB161+AB162)/AB$170,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$181,(AC159+ AC160+AC161+AC162)/AC$170,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$181,(AD159+ AD160+AD161+AD162)/AD$170,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Depreciation & maintenance",{"$f":"IF($AA$181,AA163/AA$170,\"\")","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Co-Products Revenues",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AA241:AA246)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AB241:AB246)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AC241:AC246)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AD241:AD246)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Figure biomass consumption"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"tonne/year","5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstock consumption",{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AA$215&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AB$215&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AC$215&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AD$215&42)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstock Available (t/year)",{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!D\"&9)","v":0},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!D\"&9)","v":0},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!D\"&9)","v":0},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!D\"&9)","v":0},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!D\"&9)","v":0}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Figure biomass supply","5 ML","25 ML","50 ML","100 ML",null,null,null,1,0]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plants potentially suplied",{"$f":"+ROUNDDOWN(AA252/AA251,0)","v":{"$error":"#DIV/0!"}},{"$f":"+ROUNDDOWN(AB252/AB251,0)","v":{"$error":"#DIV/0!"}},{"$f":"+ROUNDDOWN(AC252/AC251,0)","v":{"$error":"#DIV/0!"}},{"$f":"+ROUNDDOWN(AD252/AD251,0)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Figure Ethanol Attainable Ethanol production"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+AD147","v":"Ethanol Demand"},{"$f":"+AC258/$AC$258","v":{"$error":"#DIV/0!"}},{"$f":"+AE147","v":0},"ML/year"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"\"Max. Attainable Ethanol Production\"","v":"Max. Attainable Ethanol Production"},{"$f":"+AC259/$AC$258","v":{"$error":"#DIV/0!"}},{"$f":"IF(SUM(AA255:AD255)=0,0,$AE$146*$AA$252/(1000000))","v":{"$error":"#DIV/0!"}},"ML/year",{"$f":"IFERROR(IF(AB259<5%,TRUE,FALSE),TRUE)","v":true}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"\"E\"","v":"E"},{"$f":"'Biofuel Demand'!$D$13*100","v":0},"For figure"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Figure on Jobs"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Jobs",{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AA$215&63)+INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AA$215&64)","v":23},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AB$215&63)+INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AB$215&64)","v":26},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AC$215&63)+INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AC$215&64)","v":49},{"$f":"INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AD$215&63)+INDIRECT(\"COST_FS\"&$AF$145&\"!\"&AD$215&64)","v":98}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Figure NPV MUSD","5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+AA179","v":true},{"$f":"+IF($Y266,$Z179,\"\")","v":"Scenario 1"},{"$f":"+IF($Y266,AI$154,\"\")/1000000","v":{"$error":"#DIV/0!"}},{"$f":"+IF($Y266,AJ$154,\"\")/1000000","v":{"$error":"#DIV/0!"}},{"$f":"+IF($Y266,AK$154,\"\")/1000000","v":{"$error":"#DIV/0!"}},{"$f":"+IF($Y266,AL$154,\"\")/1000000","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+AA180","v":true},{"$f":"+IF($Y267,$Z180,\"\")","v":"Scenario 2"},{"$f":"+IF($Y267,AI$155,\"\")/1000000","v":{"$error":"#DIV/0!"}},{"$f":"+IF($Y267,AJ$155,\"\")/1000000","v":{"$error":"#DIV/0!"}},{"$f":"+IF($Y267,AK$155,\"\")/1000000","v":{"$error":"#DIV/0!"}},{"$f":"+IF($Y267,AL$155,\"\")/1000000","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+AA181","v":true},{"$f":"+IF($Y268,$Z181,\"\")","v":"Scenario 3"},{"$f":"+IF($Y268,AI$156,\"\")/1000000","v":{"$error":"#DIV/0!"}},{"$f":"+IF($Y268,AJ$156,\"\")/1000000","v":{"$error":"#DIV/0!"}},{"$f":"+IF($Y268,AK$156,\"\")/1000000","v":{"$error":"#DIV/0!"}},{"$f":"+IF($Y268,AL$156,\"\")/1000000","v":{"$error":"#DIV/0!"}}]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Figure IRR","5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+AA179","v":true},{"$f":"+IF($Y272,$Z179,\"\")","v":"Scenario 1"},{"$f":"+IF($Y272,AI$161,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($Y272,AJ$161,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($Y272,AK$161,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($Y272,AL$161,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+AA180","v":true},{"$f":"+IF($Y273,$Z180,\"\")","v":"Scenario 2"},{"$f":"+IF($Y273,AI$162,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($Y273,AJ$162,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($Y273,AK$162,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($Y273,AL$162,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+AA181","v":true},{"$f":"+IF($Y274,$Z181,\"\")","v":"Scenario 3"},{"$f":"+IF($Y274,AI$163,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($Y274,AJ$163,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($Y274,AK$163,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($Y274,AL$163,\"\")","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Figures on GHG Emissions"]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"%","Method 1"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Emissions","Own Production","kgCO2eq/kg",{"$f":"INDIRECT(\"ghg_FS\"&$AF$145&\"!F20\")","v":0},{"$f":"INDIRECT(\"ghg_FS\"&$AF$145&\"!i24\")/100","v":0.6},{"$f":"INDIRECT(\"ghg_FS\"&$AF$145&\"!d60\")","v":true}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"GHG","Emissions","Outgrowers","kgCO2eq/kg",{"$f":"INDIRECT(\"ghg_FS\"&$AF$145&\"!G20\")","v":0},{"$f":"1-INDIRECT(\"ghg_FS\"&$AF$145&\"!i24\")/100","v":0.4}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"AB","AC","AD","AE","AF","AG"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"SC1","SC2","SC3"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"ML","Feedstock Production","Feedstock Production","Feedstock Production","Feedstock Transportation","Biofuel Production","Residues Transportation","Total SC1","Total SC2","Total SC3"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,5,{"$f":"INDIRECT(\"GHG_FS\"&$AF$145&\"!\"&Z$284&261)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#N/A"},{"$error":"#DIV/0!"},{"$error":"#N/A"},{"$f":"SUM($AC287:$AE287)+Z287","v":{"$error":"#N/A"}},{"$error":"#N/A"},{"$error":"#N/A"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,25,{"$f":"INDIRECT(\"GHG_FS\"&$AF$145&\"!\"&Z$284&262)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#N/A"},{"$error":"#DIV/0!"},{"$error":"#N/A"},{"$error":"#N/A"},{"$error":"#N/A"},{"$error":"#N/A"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,50,{"$f":"INDIRECT(\"GHG_FS\"&$AF$145&\"!\"&Z$284&263)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#N/A"},{"$error":"#DIV/0!"},{"$error":"#N/A"},{"$error":"#N/A"},{"$error":"#N/A"},{"$error":"#N/A"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,100,{"$f":"INDIRECT(\"GHG_FS\"&$AF$145&\"!\"&Z$284&264)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#N/A"},{"$error":"#DIV/0!"},{"$error":"#N/A"},{"$error":"#N/A"},{"$error":"#N/A"},{"$error":"#N/A"}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Chart on share"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"5ML","5ML","5ML",null,null,null,null,null,null,null,null,null,"Unit"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Share","Scenario 1","Scenario 2","Scenario 3"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstock",{"$f":"IFERROR(IF($AA$179,Z287,\"\"),0)","v":0},{"$f":"IFERROR(IF($AA$180,AA287,\"\"),0)","v":0},{"$f":"IFERROR(IF($AA$181,AB287,\"\"),0)","v":0}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Transport Feedstock & Residues",{"$f":"IFERROR(IF($AA$179,($AC$287+$AE$287),\"\"),0)","v":0},{"$f":"IFERROR(IF($AA$180,($AC$287+$AE$287),\"\"),0)","v":0},{"$f":"IFERROR(IF($AA$181,($AC$287+$AE$287),\"\"),0)","v":0}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Processing",{"$f":"IFERROR(IF($AA$179,$AD$287,\"\"),0)","v":0},{"$f":"IFERROR(IF($AA$180,$AD$287,\"\"),0)","v":0},{"$f":"IFERROR(IF($AA$181,$AD$287,\"\"),0)","v":0},null,null,null,null,null,null,null,null,null,"Fuel","Calorific Value (MJ/Kg)","Density (kg/L)","kg CO2e/MJ","kg CO2e/L","MJ/L"]
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[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",26.95163409308779,0.78900000000000003]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Biodiesel",{"$f":"35.7/0.88","v":40.56818181818182},0.88]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"DDGS",20.79,null,null,null,null,null,"http://www.thaiscience.info/Article%20for%20ThaiScience/Article/2/Ts-2%20life-cycle%20energy%20and%20environmental%20analysis%20of%20bioethanol%20production%20from%20cassava%20in%20thailand.pdf"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Raw Glycerol",25.3,null,null,null,null,null,"http://www.esru.strath.ac.uk/EandE/Web_sites/06-07/Biodiesel/experiment.htm"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Rapeseed Meal",18.7,null,null,null,null,null,"Biograce"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sunflower Meal",20.7]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Soybean Meal",20.7,null,"f","h","j","l","http://pubs.cas.psu.edu/FreePubs/PDFs/H83A.pdf"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Stream (t/year)",null,null,null,"Allocation"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Calorific Value (MJ/Kg)","Price (USD/t)","5 ML","25 ML","50 ML","100 ML","Economic","Mass Balance","Energy Content"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,42,"Product",{"$f":"+$AG$146","v":"Ethanol"},{"$f":"+VLOOKUP($AF367,$AF$358:$AG$364,2,FALSE)","v":26.95163409308779},{"$f":"+$AG$174*1000/VLOOKUP($AF$367,$AF$358:$AH$359,2,FALSE)","v":0},{"$f":"5000000*VLOOKUP($AF$367,$AF$358:$AH$359,3,FALSE)/1000","v":3945},{"$f":"25000000*VLOOKUP($AF$367,$AF$358:$AH$359,3,FALSE)/1000","v":19725},{"$f":"50000000*VLOOKUP($AF$367,$AF$358:$AH$359,3,FALSE)/1000","v":39450},{"$f":"100000000*VLOOKUP($AF$367,$AF$358:$AH$359,3,FALSE)/1000","v":78900},1,1,{"$f":"+($AG367*$AI367)/((AG$367*AI$367)+(AG$368*AI$368)+(AG$369*AI$369))","v":1}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Co-Product 1","Lignin ",{"$f":"IFERROR(VLOOKUP($AF368,$AF$358:$AG$364,2,FALSE),0)","v":0},{"$f":"+$AF$374","v":0},{"$f":"+AG$374","v":0},{"$f":"+AH$374","v":0},{"$f":"+AI$374","v":0},{"$f":"+AJ$374","v":0},0,0,0]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Co-Product 2",null,{"$f":"IFERROR(VLOOKUP($AF369,$AF$358:$AG$364,2,FALSE),0)","v":0},{"$f":"+$AF$375","v":0},{"$f":"+AG$375","v":0},{"$f":"+AH$375","v":0},{"$f":"+AI$375","v":0},{"$f":"+AJ$375","v":0},0,0,0]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"By-products Revenue","Unit Price","g","h","i","j",null,null,"Economic",8]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"f","(USD/t)","5 ML","25 ML","50 ML","100 ML",null,null,"Mass Balance",9]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF($AF$145=1,108,IF($AF$145=2,120,IF($AF$145=3,132,IF($AF$145=4,144,0))))","v":108},{"$f":"INDIRECT(\"Allocator\"&\"!\"&AE$373&$AD374)","v":0},{"$f":"IFERROR(VLOOKUP($AE374,Allocator!#REF!,8,FALSE),0)","v":0},0,0,0,0,null,null,"Energy Content",10]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF($AF$145=1,109,IF($AF$145=2,121,IF($AF$145=3,133,IF($AF$145=4,145,0))))","v":109},{"$f":"INDIRECT(\"Allocator\"&\"!\"&AE$373&$AD375)","v":0},{"$f":"IFERROR(VLOOKUP($AE375,Allocator!#REF!,8,FALSE),0)","v":0},0,0,0,0,null,null,"User Defined",null,{"$f":"IF($E$103=\"user defined\",TRUE,FALSE)","v":true}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Subtotal"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Product","Co-Product 1","Co-Product 2"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Allocation",{"$f":"IFERROR(VLOOKUP($AG$146,$AF$367:$AO$369,VLOOKUP($E$103,$AM$372:$AN$375,2,FALSE),FALSE),0%)","v":0},{"$f":"IFERROR(VLOOKUP($F$105,$AF$367:$AO$369,VLOOKUP($E$103,$AM$372:$AN$375,2,FALSE),FALSE),0%)","v":0},{"$f":"IFERROR(VLOOKUP($J$105,$AF$367:$AO$369,VLOOKUP($E$103,$AM$372:$AN$375,2,FALSE),FALSE),0%)","v":0}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"User Defined",{"$f":"+$E$105","v":1},{"$f":"+$I$105","v":0},{"$f":"+$M$105","v":0}]

{"sheet":"Summary of results-comparative","index":71,"n_rows":309,"n_cols":88,"rows_kept":309,"cut":false,"hidden":false,"merged":[[2,3,2,27],[7,16,7,25],[49,16,49,25],[77,2,77,8],[53,5,53,8],[53,10,53,13],[53,19,53,22],[53,24,53,27],[63,2,63,8],[63,16,63,25],[32,3,43,3],[27,3,27,10],[29,12,29,17],[29,8,29,11],[7,2,7,8],[49,2,49,8],[29,18,29,20],[29,21,29,24],[31,4,31,24],[10,10,11,13],[13,10,14,13],[16,10,17,13],[19,10,20,13],[30,25,31,27],[81,5,81,8],[81,10,81,13],[81,19,81,22],[81,24,81,27],[67,5,67,8],[67,10,67,13],[67,19,67,22],[67,24,67,27],[77,16,77,25]]}
["f"]
[]
[null,null,null,{"$f":"+UPPER(\" Summary of results comparative\")","v":" SUMMARY OF RESULTS COMPARATIVE"}]
[]
[]
[null,null,"Biofuel Production and Plants"]
[]
[null,null,"Maximum Attainable Biofuel Production",null,null,null,null,null,null,null,null,null,null,null,null,null,"Maximum number of ethanol plants given feedstock level"]
[]
[]
[null,null,null,null,null,null,null,null,null,null,{"$f":"IFERROR(IF(SUM($AQ$99:$AT$99)=0,\"There is not enough \"&AO40&\" available to produce ethanol under the defined plant size\",AO40&\" ethanol is able to supply \"&ROUND(AR124*100,0)&\"%\"&\" of a E \"&ROUND(AR104,0)&\" blending mandate.\"),\"\")","v":""}]
[]
[]
[null,null,null,null,null,null,null,null,null,null,{"$f":"IFERROR(IF(SUM($AX$99:$BA$99)=0,\"There is not enough \"&AO41&\" available to produce ethanol under the defined plant size\",AO41&\" ethanol is able to supply \"&ROUND(AR125*100,0)&\"%\"&\" of a E \"&ROUND($AR$104,0)&\" blending mandate.\"),\"\")","v":""}]
[]
[]
[null,null,null,null,null,null,null,null,null,null,{"$f":"IFERROR(IF(SUM($BE$99:$BH$99)=0,\"There is not enough \"&AO42&\" available to produce ethanol under the defined plant size\",AO42&\" ethanol is able to supply \"&ROUND(AR126*100,0)&\"%\"&\" of a E \"&ROUND($AR$104,0)&\" blending mandate.\"),\"\")","v":""}]
[]
[]
[null,null,null,null,null,null,null,null,null,null,{"$f":"IFERROR(IF(SUM($BL$99:$BO$99)=0,\"There is not enough \"&AO43&\" available to produce ethanol under the defined plant size\",AO43&\" ethanol is able to supply \"&ROUND(AR127*100,0)&\"%\"&\" of a E \"&ROUND($AR$104,0)&\" blending mandate.\"),\"\")","v":""}]
[]
[]
[]
[]
[]
[null,null,"Comparison of GHG Results"]
[]
[null,null,null,"GHG Emissions and Projected Savings"]
[]
[null,null,null,null,"Unit basis for emissions",null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario Selection"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"No allocation rules have been applied"]
[null,null,null,null,{"$f":"IF($AR$251=1,\"Scenario 1: Own Production\",IF($AR$251=2,\"Scenario 2: Mixed Production\",\"Scenario 3: Outgrowers Production\"))","v":"Scenario 1: Own Production"}]
[null,null,null,{"$f":"+IF($AT$251=1,\"Product Basis (kgCO2eq/L)\",\"Energy Basis (gCO2eq/MJ)\")","v":"Product Basis (kgCO2eq/L)"}]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstocks",null,null,null,null,null,null,"Feedstocks",null,null,null,null,null,null,"Feedstocks",null,null,null,null,null,null,"Feedstocks"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+'Data Entry Needs'!$E$11","v":" "},1,null,"Feedstock 1",{"$f":"AO40","v":" "},1,null,{"$f":"+'Data Entry Needs'!$E$11","v":" "},1,null,"Feedstock 2",{"$f":"AV41","v":" "},2,null,{"$f":"+'Data Entry Needs'!$E$11","v":" "},1,null,"Feedstock 3",{"$f":"BC42","v":" "},3,null,{"$f":"+'Data Entry Needs'!$E$11","v":" "},1,null,"Feedstock 3",{"$f":"BJ43","v":" "},4]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+'Data Entry Needs'!$F$11","v":" "},2,null,"Biofuel Conversion",{"$f":"+VLOOKUP(AS40,Allocator!$B$13:$C$16,2,FALSE)","v":0},"L/t",null,{"$f":"+'Data Entry Needs'!$F$11","v":" "},2,null,"Biofuel Conversion",{"$f":"+VLOOKUP(AZ40,Allocator!$B$13:$C$16,2,FALSE)","v":0},"L/t",null,{"$f":"+'Data Entry Needs'!$F$11","v":" "},2,null,"Biofuel Conversion",{"$f":"+VLOOKUP(BG40,Allocator!$B$13:$C$16,2,FALSE)","v":0},"L/t",null,{"$f":"+'Data Entry Needs'!$F$11","v":" "},2,null,"Biofuel Conversion",{"$f":"+VLOOKUP(BN40,Allocator!$B$13:$C$16,2,FALSE)","v":0},"L/t"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+'Data Entry Needs'!$G$11","v":" "},3,null,{"$f":"\"Ethanol Demand\"","v":"Ethanol Demand"},{"$f":"'Biofuel Demand'!$D$23","v":0},null,null,{"$f":"+'Data Entry Needs'!$G$11","v":" "},3,null,{"$f":"\"Ethanol Demand\"","v":"Ethanol Demand"},{"$f":"'Biofuel Demand'!$D$23","v":0},null,null,{"$f":"+'Data Entry Needs'!$G$11","v":" "},3,null,{"$f":"\"Ethanol Demand\"","v":"Ethanol Demand"},{"$f":"'Biofuel Demand'!$D$23","v":0},null,null,{"$f":"+'Data Entry Needs'!$G$11","v":" "},3,null,{"$f":"\"Ethanol Demand\"","v":"Ethanol Demand"},{"$f":"'Biofuel Demand'!$D$23","v":0}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+'Data Entry Needs'!$H$11","v":" "},4,null,null,null,null,null,{"$f":"+'Data Entry Needs'!$H$11","v":" "},4,null,null,null,null,null,{"$f":"+'Data Entry Needs'!$H$11","v":" "},4,null,null,null,null,null,{"$f":"+'Data Entry Needs'!$H$11","v":" "},4]
[]
[]
[]
[null,null,"Comparison of Economic Results",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"List of production cost","g","i","k","m",null,null,"List of production cost","g","i","k","m",null,null,"List of production cost","g","i","k","m",null,null,"List of production cost","g","i","k","m"]
[null,null,"Scenario 1 (own production)",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"USD/year","5 ML","25 ML","50 ML","100 ML",null,null,"USD/year","5 ML","25 ML","50 ML","100 ML",null,null,"USD/year","5 ML","25 ML","50 ML","100 ML",null,null,"USD/year","5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sc1","Feedstock",{"$f":"INDIRECT(\"COST_FS\"&$AT40&\"!\"&AQ$47&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AT40&\"!\"&AR$47&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AT40&\"!\"&AS$47&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AT40&\"!\"&AT$47&42)","v":{"$error":"#DIV/0!"}},null,"Sc1","Feedstock",{"$f":"INDIRECT(\"COST_FS\"&$BA40&\"!\"&AX$47&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BA40&\"!\"&AY$47&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BA40&\"!\"&AZ$47&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BA40&\"!\"&BA$47&42)","v":{"$error":"#DIV/0!"}},null,"Sc1","Feedstock",{"$f":"INDIRECT(\"COST_FS\"&$BH40&\"!\"&BE$47&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BH40&\"!\"&BF$47&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BH40&\"!\"&BG$47&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BH40&\"!\"&BH$47&42)","v":{"$error":"#DIV/0!"}},null,"Sc1","Feedstock",{"$f":"INDIRECT(\"COST_FS\"&$BO40&\"!\"&BL$47&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BO40&\"!\"&BM$47&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BO40&\"!\"&BN$47&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BO40&\"!\"&BO$47&42)","v":{"$error":"#DIV/0!"}}]
[null,null,"Production Costs",null,null,null,null,null,null,null,null,null,null,null,null,null,"Net Present Value (NPV) and Internal Rate of Return",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sc2","Feedstock",{"$f":"INDIRECT(\"COST_FS\"&$AT40&\"!\"&AQ$47&43)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AT40&\"!\"&AR$47&43)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AT40&\"!\"&AS$47&43)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AT40&\"!\"&AT$47&43)","v":{"$error":"#DIV/0!"}},null,"Sc2","Feedstock",{"$f":"INDIRECT(\"COST_FS\"&$BA40&\"!\"&AX$47&43)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BA40&\"!\"&AY$47&43)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BA40&\"!\"&AZ$47&43)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BA40&\"!\"&BA$47&43)","v":{"$error":"#DIV/0!"}},null,"Sc2","Feedstock",{"$f":"INDIRECT(\"COST_FS\"&$BH40&\"!\"&BE$47&43)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BH40&\"!\"&BF$47&43)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BH40&\"!\"&BG$47&43)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BH40&\"!\"&BH$47&43)","v":{"$error":"#DIV/0!"}},null,"Sc2","Feedstock",{"$f":"INDIRECT(\"COST_FS\"&$BO40&\"!\"&BL$47&43)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BO40&\"!\"&BM$47&43)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BO40&\"!\"&BN$47&43)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BO40&\"!\"&BO$47&43)","v":{"$error":"#DIV/0!"}}]
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[null,null,null,null,"Ethanol","5 ML","25 ML","50 ML","100 ML",null,"5 ML","25 ML","50 ML","100 ML",null,null,null,null,"Ethanol","5 ML","25 ML","50 ML","100 ML",null,"5 ML","25 ML","50 ML","100 ML",null,null,null,null,null,null,null,null,null,null,null,null,null,"Transport",{"$f":"INDIRECT(\"COST_FS\"&$AT40&\"!\"&AQ$47&72)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AT40&\"!\"&AR$47&72)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AT40&\"!\"&AS$47&72)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AT40&\"!\"&AT$47&72)","v":{"$error":"#DIV/0!"}},null,null,"Transport",{"$f":"INDIRECT(\"COST_FS\"&$BA40&\"!\"&AX$47&72)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BA40&\"!\"&AY$47&72)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BA40&\"!\"&AZ$47&72)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BA40&\"!\"&BA$47&72)","v":{"$error":"#DIV/0!"}},null,null,"Transport",{"$f":"INDIRECT(\"COST_FS\"&$BH40&\"!\"&BE$47&72)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BH40&\"!\"&BF$47&72)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BH40&\"!\"&BG$47&72)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BH40&\"!\"&BH$47&72)","v":{"$error":"#DIV/0!"}},null,null,"Transport",{"$f":"INDIRECT(\"COST_FS\"&$BO40&\"!\"&BL$47&72)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BO40&\"!\"&BM$47&72)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BO40&\"!\"&BN$47&72)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BO40&\"!\"&BO$47&72)","v":{"$error":"#DIV/0!"}}]
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[null,null,null,{"$f":"AO41","v":" "},null,{"$f":"IFERROR(VLOOKUP($D57,$AO$132:$AS$135,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D57,$AO$132:$AS$135,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D57,$AO$132:$AS$135,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D57,$AO$132:$AS$135,5,FALSE),\"\")","v":""},null,{"$f":"IFERROR(VLOOKUP($D57,$AU$132:$AY$135,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D57,$AU$132:$AY$135,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D57,$AU$132:$AY$135,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D57,$AU$132:$AY$135,5,FALSE),\"\")","v":""},null,null,null,{"$f":"D57","v":" "},null,{"$f":"IFERROR(VLOOKUP($R57,$AO$155:$AS$158,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R57,$AO$155:$AS$158,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R57,$AO$155:$AS$158,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R57,$AO$155:$AS$158,5,FALSE),\"\")","v":""},null,{"$f":"IFERROR(VLOOKUP($R57,$AU$155:$AY$158,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R57,$AU$155:$AY$158,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R57,$AU$155:$AY$158,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R57,$AU$155:$AY$158,5,FALSE),\"\")","v":""},null,null,null,null,null,null,null,null,null,null,null,"Co-products revenues conditional",null,"Other costs",{"$f":"INDIRECT(\"COST_FS\"&$AT40&\"!\"&AQ$47&95)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AT40&\"!\"&AR$47&95)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AT40&\"!\"&AS$47&95)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AT40&\"!\"&AT$47&95)","v":{"$error":"#DIV/0!"}},null,null,"Other costs",{"$f":"INDIRECT(\"COST_FS\"&$BA40&\"!\"&AX$47&95)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BA40&\"!\"&AY$47&95)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BA40&\"!\"&AZ$47&95)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BA40&\"!\"&BA$47&95)","v":{"$error":"#DIV/0!"}},null,null,"Other costs",{"$f":"INDIRECT(\"COST_FS\"&$BH40&\"!\"&BE$47&95)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BH40&\"!\"&BF$47&95)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BH40&\"!\"&BG$47&95)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BH40&\"!\"&BH$47&95)","v":{"$error":"#DIV/0!"}},null,null,"Other costs",{"$f":"INDIRECT(\"COST_FS\"&$BO40&\"!\"&BL$47&95)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BO40&\"!\"&BM$47&95)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BO40&\"!\"&BN$47&95)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BO40&\"!\"&BO$47&95)","v":{"$error":"#DIV/0!"}}]
[null,null,null,{"$f":"AO42","v":" "},null,{"$f":"IFERROR(VLOOKUP($D58,$AO$132:$AS$135,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D58,$AO$132:$AS$135,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D58,$AO$132:$AS$135,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D58,$AO$132:$AS$135,5,FALSE),\"\")","v":""},null,{"$f":"IFERROR(VLOOKUP($D58,$AU$132:$AY$135,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D58,$AU$132:$AY$135,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D58,$AU$132:$AY$135,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D58,$AU$132:$AY$135,5,FALSE),\"\")","v":""},null,null,null,{"$f":"D58","v":" "},null,{"$f":"IFERROR(VLOOKUP($R58,$AO$155:$AS$158,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R58,$AO$155:$AS$158,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R58,$AO$155:$AS$158,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R58,$AO$155:$AS$158,5,FALSE),\"\")","v":""},null,{"$f":"IFERROR(VLOOKUP($R58,$AU$155:$AY$158,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R58,$AU$155:$AY$158,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R58,$AU$155:$AY$158,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R58,$AU$155:$AY$158,5,FALSE),\"\")","v":""},null,null,null,null,null,null,null,null,null,null,null,null,null,"Depreciation & maintenance",{"$f":"INDIRECT(\"COST_FS\"&$AT40&\"!\"&AQ$47&82)","v":1785400},{"$f":"INDIRECT(\"COST_FS\"&$AT40&\"!\"&AR$47&82)","v":4689250},{"$f":"INDIRECT(\"COST_FS\"&$AT40&\"!\"&AS$47&82)","v":7107500},{"$f":"INDIRECT(\"COST_FS\"&$AT40&\"!\"&AT$47&82)","v":10773000},null,null,"Depreciation & maintenance",{"$f":"INDIRECT(\"COST_FS\"&$BA40&\"!\"&AX$47&82)","v":1785400},{"$f":"INDIRECT(\"COST_FS\"&$BA40&\"!\"&AY$47&82)","v":4689250},{"$f":"INDIRECT(\"COST_FS\"&$BA40&\"!\"&AZ$47&82)","v":7107500},{"$f":"INDIRECT(\"COST_FS\"&$BA40&\"!\"&BA$47&82)","v":10773000},null,null,"Depreciation & maintenance",{"$f":"INDIRECT(\"COST_FS\"&$BH40&\"!\"&BE$47&82)","v":1785400},{"$f":"INDIRECT(\"COST_FS\"&$BH40&\"!\"&BF$47&82)","v":4689250},{"$f":"INDIRECT(\"COST_FS\"&$BH40&\"!\"&BG$47&82)","v":7107500},{"$f":"INDIRECT(\"COST_FS\"&$BH40&\"!\"&BH$47&82)","v":10773000},null,null,"Depreciation & maintenance",{"$f":"INDIRECT(\"COST_FS\"&$BO40&\"!\"&BL$47&82)","v":1785400},{"$f":"INDIRECT(\"COST_FS\"&$BO40&\"!\"&BM$47&82)","v":4689250},{"$f":"INDIRECT(\"COST_FS\"&$BO40&\"!\"&BN$47&82)","v":7107500},{"$f":"INDIRECT(\"COST_FS\"&$BO40&\"!\"&BO$47&82)","v":10773000}]
[null,null,null,{"$f":"AO43","v":" "},null,{"$f":"IFERROR(VLOOKUP($D59,$AO$132:$AS$135,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D59,$AO$132:$AS$135,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D59,$AO$132:$AS$135,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D59,$AO$132:$AS$135,5,FALSE),\"\")","v":""},null,{"$f":"IFERROR(VLOOKUP($D59,$AU$132:$AY$135,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D59,$AU$132:$AY$135,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D59,$AU$132:$AY$135,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D59,$AU$132:$AY$135,5,FALSE),\"\")","v":""},null,null,null,{"$f":"D59","v":" "},null,{"$f":"IFERROR(VLOOKUP($R59,$AO$155:$AS$158,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R59,$AO$155:$AS$158,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R59,$AO$155:$AS$158,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R59,$AO$155:$AS$158,5,FALSE),\"\")","v":""},null,{"$f":"IFERROR(VLOOKUP($R59,$AU$155:$AY$158,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R59,$AU$155:$AY$158,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R59,$AU$155:$AY$158,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R59,$AU$155:$AY$158,5,FALSE),\"\")","v":""},null,null,null,null,null,null,null,null,null,null,null,{"$f":"'Summary of results-by feedstock'!$X$164","v":1},null,"Co-Products Revenues",{"$f":"-INDIRECT(\"COST_FS\"&$AT40&\"!\"&AQ$47&103)*$AN$59","v":0},{"$f":"-INDIRECT(\"COST_FS\"&$AT40&\"!\"&AR$47&103)*$AN$59","v":0},{"$f":"-INDIRECT(\"COST_FS\"&$AT40&\"!\"&AS$47&103)*$AN$59","v":0},{"$f":"-INDIRECT(\"COST_FS\"&$AT40&\"!\"&AT$47&103)*$AN$59","v":0},null,null,"Co-Products Revenues",{"$f":"-INDIRECT(\"COST_FS\"&$BA40&\"!\"&AX$47&103)*$AN$59","v":0},{"$f":"-INDIRECT(\"COST_FS\"&$BA40&\"!\"&AY$47&103)*$AN$59","v":0},{"$f":"-INDIRECT(\"COST_FS\"&$BA40&\"!\"&AZ$47&103)*$AN$59","v":0},{"$f":"-INDIRECT(\"COST_FS\"&$BA40&\"!\"&BA$47&103)*$AN$59","v":0},null,null,"Co-Products Revenues",{"$f":"-INDIRECT(\"COST_FS\"&$BH40&\"!\"&BE$47&103)*$AN$59","v":0},{"$f":"-INDIRECT(\"COST_FS\"&$BH40&\"!\"&BF$47&103)*$AN$59","v":0},{"$f":"-INDIRECT(\"COST_FS\"&$BH40&\"!\"&BG$47&103)*$AN$59","v":0},{"$f":"-INDIRECT(\"COST_FS\"&$BH40&\"!\"&BH$47&103)*$AN$59","v":0},null,null,"Co-Products Revenues",{"$f":"-INDIRECT(\"COST_FS\"&$BO40&\"!\"&BL$47&103)*$AN$59","v":0},{"$f":"-INDIRECT(\"COST_FS\"&$BO40&\"!\"&BM$47&103)*$AN$59","v":0},{"$f":"-INDIRECT(\"COST_FS\"&$BO40&\"!\"&BN$47&103)*$AN$59","v":0},{"$f":"-INDIRECT(\"COST_FS\"&$BO40&\"!\"&BO$47&103)*$AN$59","v":0}]
[]
[]
[null,null,"Scenario 2 (Mixed)",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Production costs total (USD/y)","5 ML","25 ML","50 ML","100 ML",null,null,"Production costs total (USD/y)","5 ML","25 ML","50 ML","100 ML",null,null,"Production costs total (USD/y)","5 ML","25 ML","50 ML","100 ML",null,null,"Production costs total (USD/y)","5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 1",{"$f":"AQ49+SUM(AQ$52:AQ$59)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Scenario 1",{"$f":"AX49+SUM(AX$52:AX$59)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Scenario 1",{"$f":"BE49+SUM(BE$52:BE$59)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Scenario 1",{"$f":"BL49+SUM(BL$52:BL$59)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,"Production Costs",null,null,null,null,null,null,null,null,null,null,null,null,null,"Net Present Value (NPV) and Internal Rate of Return",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 2",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Scenario 2",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Scenario 2",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Scenario 2",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 3",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Scenario 3",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Scenario 3",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Scenario 3",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,null,null,null,null,{"$f":"$AS$69&\" \"&$AT$69&\" \"&$AU$69","v":"Ethanol FGP price "},null,null,{"$f":"$I$53","v":0},null,{"$f":"$AS$68&\" \"&$AT$68&\" \"&$AU$68","v":"Gasoline FGP price "},null,null,{"$f":"N53","v":0},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Titles of figures of production Costs"]
[null,null,null,null,null,"USD/L Ethanol",null,null,null,null,"USD/L Gasoline Equivalent",null,null,null,null,null,null,null,null,"NPV (Million USD/year)",null,null,null,null,"IRR (%)",null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+'Data Entry Needs'!$T$212","v":"fossil fuel"},{"$f":"+'Data Entry Needs'!$U$212","v":"Net exporter"},{"$f":"+'Data Entry Needs'!$V$212","v":true},{"$f":"\"USD/l gasoline equivalent\"","v":"USD/l gasoline equivalent"},{"$f":"+\"Comparison of production cost with \"&$Y68&\" price - \"&$Z68&\" option (\"&$AB68&\")\"","v":"Comparison of production cost with IRR (%) price -  option ()"},"Gasoline",{"$f":"+IF(AO68=\"net exporter\",\"FGP price\",\"FOB price\")","v":"FGP price"},{"$f":"+IF(AND(VLOOKUP(AN68&AO68,'Data Entry Needs'!$P$217:$R$225,3,FALSE)=1,'Data Entry Needs'!$V$215),\"+ Transport\",IF(AND(VLOOKUP(AN68&AO68,'Data Entry Needs'!$P$217:$R$225,3,FALSE)=-1,'Data Entry Needs'!$V$215),\"- Transport\",\"\"))","v":""},{"$f":"+VLOOKUP(AS68,'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0}]
[null,null,null,null,"Ethanol","5 ML","25 ML","50 ML","100 ML",null,"5 ML","25 ML","50 ML","100 ML",null,null,null,null,"Ethanol","5 ML","25 ML","50 ML","100 ML",null,"5 ML","25 ML","50 ML","100 ML",null,null,null,null,null,null,null,null,null,null,null,{"$f":"+'Data Entry Needs'!$T$213","v":"biofuel"},{"$f":"+'Data Entry Needs'!$U$213","v":"Net exporter"},{"$f":"+'Data Entry Needs'!$V$213","v":true},{"$f":"\"USD/l ethanol\"","v":"USD/l ethanol"},{"$f":"+\"Comparison of production cost with \"&$Y69&\" price - \"&$Z69&\" option (\"&$AB69&\")\"","v":"Comparison of production cost with 5 ML price - 25 ML option (100 ML)"},"Ethanol",{"$f":"+IF(AO69=\"net exporter\",\"FGP price\",\"FOB price\")","v":"FGP price"},{"$f":"+IF(AND(VLOOKUP(AN69&AO69,'Data Entry Needs'!$P$217:$R$225,3,FALSE)=1,'Data Entry Needs'!$V$215),\"+ Transport\",IF(AND(VLOOKUP(AN69&AO69,'Data Entry Needs'!$P$217:$R$225,3,FALSE)=-1,'Data Entry Needs'!$V$215),\"- Transport\",\"\"))","v":""},{"$f":"+VLOOKUP(AS69,'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0}]
[null,null,null,{"$f":"D56","v":" "},null,{"$f":"IFERROR(VLOOKUP($D70,$AO$139:$AS$142,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D70,$AO$139:$AS$142,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D70,$AO$139:$AS$142,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D70,$AO$139:$AS$142,5,FALSE),\"\")","v":""},null,{"$f":"IFERROR(VLOOKUP($D70,$AU$139:$AY$142,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D70,$AU$139:$AY$142,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D70,$AU$139:$AY$142,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D70,$AU$139:$AY$142,5,FALSE),\"\")","v":""},null,null,null,{"$f":"R56","v":" "},null,{"$f":"IFERROR(VLOOKUP($R70,$AO$163:$AS$166,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R70,$AO$163:$AS$166,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R70,$AO$163:$AS$166,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R70,$AO$163:$AS$166,5,FALSE),\"\")","v":""},null,{"$f":"IFERROR(VLOOKUP($R70,$AU$163:$AY$166,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R70,$AU$163:$AY$166,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R70,$AU$163:$AY$166,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R70,$AU$163:$AY$166,5,FALSE),\"\")","v":""}]
[null,null,null,{"$f":"D57","v":" "},null,{"$f":"IFERROR(VLOOKUP($D71,$AO$139:$AS$142,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D71,$AO$139:$AS$142,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D71,$AO$139:$AS$142,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D71,$AO$139:$AS$142,5,FALSE),\"\")","v":""},null,{"$f":"IFERROR(VLOOKUP($D71,$AU$139:$AY$142,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D71,$AU$139:$AY$142,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D71,$AU$139:$AY$142,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D71,$AU$139:$AY$142,5,FALSE),\"\")","v":""},null,null,null,{"$f":"R57","v":" "},null,{"$f":"IFERROR(VLOOKUP($R71,$AO$163:$AS$166,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R71,$AO$163:$AS$166,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R71,$AO$163:$AS$166,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R71,$AO$163:$AS$166,5,FALSE),\"\")","v":""},null,{"$f":"IFERROR(VLOOKUP($R71,$AU$163:$AY$166,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R71,$AU$163:$AY$166,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R71,$AU$163:$AY$166,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R71,$AU$163:$AY$166,5,FALSE),\"\")","v":""}]
[null,null,null,{"$f":"D58","v":" "},null,{"$f":"IFERROR(VLOOKUP($D72,$AO$139:$AS$142,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D72,$AO$139:$AS$142,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D72,$AO$139:$AS$142,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D72,$AO$139:$AS$142,5,FALSE),\"\")","v":""},null,{"$f":"IFERROR(VLOOKUP($D72,$AU$139:$AY$142,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D72,$AU$139:$AY$142,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D72,$AU$139:$AY$142,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D72,$AU$139:$AY$142,5,FALSE),\"\")","v":""},null,null,null,{"$f":"R58","v":" "},null,{"$f":"IFERROR(VLOOKUP($R72,$AO$163:$AS$166,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R72,$AO$163:$AS$166,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R72,$AO$163:$AS$166,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R72,$AO$163:$AS$166,5,FALSE),\"\")","v":""},null,{"$f":"IFERROR(VLOOKUP($R72,$AU$163:$AY$166,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R72,$AU$163:$AY$166,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R72,$AU$163:$AY$166,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R72,$AU$163:$AY$166,5,FALSE),\"\")","v":""}]
[null,null,null,{"$f":"D59","v":" "},null,{"$f":"IFERROR(VLOOKUP($D73,$AO$139:$AS$142,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D73,$AO$139:$AS$142,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D73,$AO$139:$AS$142,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D73,$AO$139:$AS$142,5,FALSE),\"\")","v":""},null,{"$f":"IFERROR(VLOOKUP($D73,$AU$139:$AY$142,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D73,$AU$139:$AY$142,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D73,$AU$139:$AY$142,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D73,$AU$139:$AY$142,5,FALSE),\"\")","v":""},null,null,null,{"$f":"R59","v":" "},null,{"$f":"IFERROR(VLOOKUP($R73,$AO$163:$AS$166,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R73,$AO$163:$AS$166,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R73,$AO$163:$AS$166,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R73,$AO$163:$AS$166,5,FALSE),\"\")","v":""},null,{"$f":"IFERROR(VLOOKUP($R73,$AU$163:$AY$166,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R73,$AU$163:$AY$166,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R73,$AU$163:$AY$166,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R73,$AU$163:$AY$166,5,FALSE),\"\")","v":""}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Figure production cost of ethanol (USD/L)",null,"5 ML","25 ML","50 ML","100 ML",null,"Figure production cost of ethanol (USD/L)",null,"5 ML","25 ML","50 ML","100 ML",null,"Figure production cost of ethanol (USD/L)",null,"5 ML","25 ML","50 ML","100 ML",null,"Figure production cost of ethanol (USD/L)",null,"5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Production capacity - ML/y",5,25,50,100,null,null,"Production capacity - ML/y",5,25,50,100,null,null,"Production capacity - ML/y",5,25,50,100,null,null,"Production capacity - ML/y",5,25,50,100]
[null,null,"Scenario 3 (Outgrowers)",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Production capacity - Liters/y",{"$f":"AQ75*1000000","v":5000000},{"$f":"AR75*1000000","v":25000000},{"$f":"AS75*1000000","v":50000000},{"$f":"AT75*1000000","v":100000000},null,null,"Production capacity - Liters/y",{"$f":"AX75*1000000","v":5000000},{"$f":"AY75*1000000","v":25000000},{"$f":"AZ75*1000000","v":50000000},{"$f":"BA75*1000000","v":100000000},null,null,"Production capacity - Liters/y",{"$f":"BE75*1000000","v":5000000},{"$f":"BF75*1000000","v":25000000},{"$f":"BG75*1000000","v":50000000},{"$f":"BH75*1000000","v":100000000},null,null,"Production capacity - Liters/y",{"$f":"BL75*1000000","v":5000000},{"$f":"BM75*1000000","v":25000000},{"$f":"BN75*1000000","v":50000000},{"$f":"BO75*1000000","v":100000000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 1","Scenario 1 - high",{"$f":"AQ63/AQ76","v":{"$error":"#DIV/0!"}},{"$f":"AR63/AR76","v":{"$error":"#DIV/0!"}},{"$f":"AS63/AS76","v":{"$error":"#DIV/0!"}},{"$f":"AT63/AT76","v":{"$error":"#DIV/0!"}},null,"Scenario 1","Scenario 1 - high",{"$f":"AX63/AX76","v":{"$error":"#DIV/0!"}},{"$f":"AY63/AY76","v":{"$error":"#DIV/0!"}},{"$f":"AZ63/AZ76","v":{"$error":"#DIV/0!"}},{"$f":"BA63/BA76","v":{"$error":"#DIV/0!"}},null,"Scenario 1","Scenario 1 - high",{"$f":"BE63/BE76","v":{"$error":"#DIV/0!"}},{"$f":"BF63/BF76","v":{"$error":"#DIV/0!"}},{"$f":"BG63/BG76","v":{"$error":"#DIV/0!"}},{"$f":"BH63/BH76","v":{"$error":"#DIV/0!"}},null,"Scenario 1","Scenario 1 - high",{"$f":"BL63/BL76","v":{"$error":"#DIV/0!"}},{"$f":"BM63/BM76","v":{"$error":"#DIV/0!"}},{"$f":"BN63/BN76","v":{"$error":"#DIV/0!"}},{"$f":"BO63/BO76","v":{"$error":"#DIV/0!"}}]
[null,null,"Production Costs",null,null,null,null,null,null,null,null,null,null,null,null,null,"Net Present Value (NPV) and Internal Rate of Return",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 2","Scenario 2 - high",{"$f":"AQ64/AQ76","v":{"$error":"#DIV/0!"}},{"$f":"AR64/AR76","v":{"$error":"#DIV/0!"}},{"$f":"AS64/AS76","v":{"$error":"#DIV/0!"}},{"$f":"AT64/AT76","v":{"$error":"#DIV/0!"}},null,"Scenario 2","Scenario 2 - high",{"$f":"AX64/AX76","v":{"$error":"#DIV/0!"}},{"$f":"AY64/AY76","v":{"$error":"#DIV/0!"}},{"$f":"AZ64/AZ76","v":{"$error":"#DIV/0!"}},{"$f":"BA64/BA76","v":{"$error":"#DIV/0!"}},null,"Scenario 2","Scenario 2 - high",{"$f":"BE64/BE76","v":{"$error":"#DIV/0!"}},{"$f":"BF64/BF76","v":{"$error":"#DIV/0!"}},{"$f":"BG64/BG76","v":{"$error":"#DIV/0!"}},{"$f":"BH64/BH76","v":{"$error":"#DIV/0!"}},null,"Scenario 2","Scenario 2 - high",{"$f":"BL64/BL76","v":{"$error":"#DIV/0!"}},{"$f":"BM64/BM76","v":{"$error":"#DIV/0!"}},{"$f":"BN64/BN76","v":{"$error":"#DIV/0!"}},{"$f":"BO64/BO76","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 3","Scenario 3 - high",{"$f":"AQ65/AQ76","v":{"$error":"#DIV/0!"}},{"$f":"AR65/AR76","v":{"$error":"#DIV/0!"}},{"$f":"AS65/AS76","v":{"$error":"#DIV/0!"}},{"$f":"AT65/AT76","v":{"$error":"#DIV/0!"}},null,"Scenario 3","Scenario 3 - high",{"$f":"AX65/AX76","v":{"$error":"#DIV/0!"}},{"$f":"AY65/AY76","v":{"$error":"#DIV/0!"}},{"$f":"AZ65/AZ76","v":{"$error":"#DIV/0!"}},{"$f":"BA65/BA76","v":{"$error":"#DIV/0!"}},null,"Scenario 3","Scenario 3 - high",{"$f":"BE65/BE76","v":{"$error":"#DIV/0!"}},{"$f":"BF65/BF76","v":{"$error":"#DIV/0!"}},{"$f":"BG65/BG76","v":{"$error":"#DIV/0!"}},{"$f":"BH65/BH76","v":{"$error":"#DIV/0!"}},null,"Scenario 3","Scenario 3 - high",{"$f":"BL65/BL76","v":{"$error":"#DIV/0!"}},{"$f":"BM65/BM76","v":{"$error":"#DIV/0!"}},{"$f":"BN65/BN76","v":{"$error":"#DIV/0!"}},{"$f":"BO65/BO76","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,null,null,{"$f":"$AS$69&\" \"&$AT$69&\" \"&$AU$69","v":"Ethanol FGP price "},null,null,{"$f":"$I$67","v":0},null,{"$f":"$AS$68&\" \"&$AT$68&\" \"&$AU$68","v":"Gasoline FGP price "},null,null,{"$f":"$N$67","v":0}]
[null,null,null,null,null,"USD/L Ethanol",null,null,null,null,"USD/L Gasoline Equivalent",null,null,null,null,null,null,null,null,"NPV (Million USD/year)",null,null,null,null,"IRR (%)"]
[null,null,null,null,"Ethanol","5 ML","25 ML","50 ML","100 ML",null,"5 ML","25 ML","50 ML","100 ML",null,null,null,null,"Ethanol","5 ML","25 ML","50 ML","100 ML",null,"5 ML","25 ML","50 ML","100 ML",null,null,null,null,null,null,null,null,null,null,null,null,"Figure production cost in gasoline eq (USD/L)",null,null,null,null,null,null,"Figure production cost in gasoline eq (USD/L)",null,null,null,null,null,null,"Figure production cost in gasoline eq (USD/L)",null,null,null,null,null,null,"Figure production cost in gasoline eq (USD/L)"]
[null,null,null,{"$f":"D70","v":" "},null,{"$f":"IFERROR(VLOOKUP($D84,$AO$146:$AS$149,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D84,$AO$146:$AS$149,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D84,$AO$146:$AS$149,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D84,$AO$146:$AS$149,5,FALSE),\"\")","v":""},null,{"$f":"IFERROR(VLOOKUP($D84,$AU$146:$AY$149,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D84,$AU$146:$AY$149,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D84,$AU$146:$AY$149,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D84,$AU$146:$AY$149,5,FALSE),\"\")","v":""},null,null,null,{"$f":"R70","v":" "},null,{"$f":"IFERROR(VLOOKUP($R84,$AO$171:$AS$174,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R84,$AO$171:$AS$174,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R84,$AO$171:$AS$174,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R84,$AO$171:$AS$174,5,FALSE),\"\")","v":""},null,{"$f":"IFERROR(VLOOKUP($R84,$AU$171:$AY$174,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R84,$AU$171:$AY$174,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R84,$AU$171:$AY$174,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R84,$AU$171:$AY$174,5,FALSE),\"\")","v":""},null,null,null,null,null,null,null,null,null,null,null,null,"Equivalence of Ethanol in Gasoline",null,{"$f":"'dummy database'!$B$23/'dummy database'!$B$22","v":1.5141509433962266},{"$f":"\"L Ethanol/LGasoline\"","v":"L Ethanol/LGasoline"},null,null,null,"Equivalence of Ethanol in Gasoline",null,{"$f":"'dummy database'!$B$23/'dummy database'!$B$22","v":1.5141509433962266},{"$f":"\"L Ethanol/LGasoline\"","v":"L Ethanol/LGasoline"},null,null,null,"Equivalence of Ethanol in Gasoline",null,{"$f":"'dummy database'!$B$23/'dummy database'!$B$22","v":1.5141509433962266},{"$f":"\"L Ethanol/LGasoline\"","v":"L Ethanol/LGasoline"},null,null,null,"Equivalence of Ethanol in Gasoline",null,{"$f":"'dummy database'!$B$23/'dummy database'!$B$22","v":1.5141509433962266},{"$f":"\"L Ethanol/LGasoline\"","v":"L Ethanol/LGasoline"}]
[null,null,null,{"$f":"D71","v":" "},null,{"$f":"IFERROR(VLOOKUP($D85,$AO$146:$AS$149,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D85,$AO$146:$AS$149,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D85,$AO$146:$AS$149,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D85,$AO$146:$AS$149,5,FALSE),\"\")","v":""},null,{"$f":"IFERROR(VLOOKUP($D85,$AU$146:$AY$149,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D85,$AU$146:$AY$149,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D85,$AU$146:$AY$149,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D85,$AU$146:$AY$149,5,FALSE),\"\")","v":""},null,null,null,{"$f":"R71","v":" "},null,{"$f":"IFERROR(VLOOKUP($R85,$AO$171:$AS$174,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R85,$AO$171:$AS$174,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R85,$AO$171:$AS$174,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R85,$AO$171:$AS$174,5,FALSE),\"\")","v":""},null,{"$f":"IFERROR(VLOOKUP($R85,$AU$171:$AY$174,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R85,$AU$171:$AY$174,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R85,$AU$171:$AY$174,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R85,$AU$171:$AY$174,5,FALSE),\"\")","v":""},null,null,null,null,null,null,null,null,null,null,null,null,null,null,"5 ML","25 ML","50 ML","100 ML",null,null,null,"5 ML","25 ML","50 ML","100 ML",null,null,null,"5 ML","25 ML","50 ML","100 ML",null,null,null,"5 ML","25 ML","50 ML","100 ML"]
[null,null,null,{"$f":"D72","v":" "},null,{"$f":"IFERROR(VLOOKUP($D86,$AO$146:$AS$149,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D86,$AO$146:$AS$149,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D86,$AO$146:$AS$149,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D86,$AO$146:$AS$149,5,FALSE),\"\")","v":""},null,{"$f":"IFERROR(VLOOKUP($D86,$AU$146:$AY$149,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D86,$AU$146:$AY$149,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D86,$AU$146:$AY$149,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D86,$AU$146:$AY$149,5,FALSE),\"\")","v":""},null,null,null,{"$f":"R72","v":" "},null,{"$f":"IFERROR(VLOOKUP($R86,$AO$171:$AS$174,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R86,$AO$171:$AS$174,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R86,$AO$171:$AS$174,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R86,$AO$171:$AS$174,5,FALSE),\"\")","v":""},null,{"$f":"IFERROR(VLOOKUP($R86,$AU$171:$AY$174,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R86,$AU$171:$AY$174,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R86,$AU$171:$AY$174,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R86,$AU$171:$AY$174,5,FALSE),\"\")","v":""},null,null,null,null,null,null,null,null,null,null,null,null,null,"Production capacity - ML/y",5,25,50,100,null,null,"Production capacity - ML/y",5,25,50,100,null,null,"Production capacity - ML/y",5,25,50,100,null,null,"Production capacity - ML/y",5,25,50,100]
[null,null,null,{"$f":"D73","v":" "},null,{"$f":"IFERROR(VLOOKUP($D87,$AO$146:$AS$149,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D87,$AO$146:$AS$149,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D87,$AO$146:$AS$149,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D87,$AO$146:$AS$149,5,FALSE),\"\")","v":""},null,{"$f":"IFERROR(VLOOKUP($D87,$AU$146:$AY$149,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D87,$AU$146:$AY$149,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D87,$AU$146:$AY$149,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($D87,$AU$146:$AY$149,5,FALSE),\"\")","v":""},null,null,null,{"$f":"R73","v":" "},null,{"$f":"IFERROR(VLOOKUP($R87,$AO$171:$AS$174,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R87,$AO$171:$AS$174,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R87,$AO$171:$AS$174,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R87,$AO$171:$AS$174,5,FALSE),\"\")","v":""},null,{"$f":"IFERROR(VLOOKUP($R87,$AU$171:$AY$174,2,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R87,$AU$171:$AY$174,3,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R87,$AU$171:$AY$174,4,FALSE),\"\")","v":""},{"$f":"IFERROR(VLOOKUP($R87,$AU$171:$AY$174,5,FALSE),\"\")","v":""},null,null,null,null,null,null,null,null,null,null,null,null,null,"Production capacity - Liters/y",{"$f":"AQ86*1000000","v":5000000},{"$f":"AR86*1000000","v":25000000},{"$f":"AS86*1000000","v":50000000},{"$f":"AT86*1000000","v":100000000},null,null,"Production capacity - Liters/y",{"$f":"AX86*1000000","v":5000000},{"$f":"AY86*1000000","v":25000000},{"$f":"AZ86*1000000","v":50000000},{"$f":"BA86*1000000","v":100000000},null,null,"Production capacity - Liters/y",{"$f":"BE86*1000000","v":5000000},{"$f":"BF86*1000000","v":25000000},{"$f":"BG86*1000000","v":50000000},{"$f":"BH86*1000000","v":100000000},null,null,"Production capacity - Liters/y",{"$f":"BL86*1000000","v":5000000},{"$f":"BM86*1000000","v":25000000},{"$f":"BN86*1000000","v":50000000},{"$f":"BO86*1000000","v":100000000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 1","Scenario 1 - high",{"$f":"AQ77*$AQ$84","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,"Scenario 1","Scenario 1 - high",{"$f":"AX77*$AQ$84","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,"Scenario 1","Scenario 1 - high",{"$f":"BE77*$AQ$84","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,"Scenario 1","Scenario 1 - high",{"$f":"BL77*$AQ$84","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 2","Scenario 2 - high",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,"Scenario 2","Scenario 2 - high",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,"Scenario 2","Scenario 2 - high",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,"Scenario 2","Scenario 2 - high",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 3","Scenario 3 - high",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,"Scenario 3","Scenario 3 - high",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,"Scenario 3","Scenario 3 - high",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,"Scenario 3","Scenario 3 - high",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Figure biomass consumption","f","h","j","l",null,null,"Figure biomass consumption","f","h","j","l",null,null,"Figure biomass consumption","f","h","j","l",null,null,"Figure biomass consumption","f","h","j","l"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"tonne/year","5 ML","25 ML","50 ML","100 ML",null,null,"tonne/year","5 ML","25 ML","50 ML","100 ML",null,null,"tonne/year","5 ML","25 ML","50 ML","100 ML",null,null,"tonne/year","5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstock consumption",{"$f":"INDIRECT(\"COST_FS\"&$AT40&\"!\"&AQ$93&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AT40&\"!\"&AR$93&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AT40&\"!\"&AS$93&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$AT40&\"!\"&AT$93&42)","v":{"$error":"#DIV/0!"}},null,null,"Feedstock consumption",{"$f":"INDIRECT(\"COST_FS\"&$BA40&\"!\"&AX$93&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BA40&\"!\"&AY$93&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BA40&\"!\"&AZ$93&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BA40&\"!\"&BA$93&42)","v":{"$error":"#DIV/0!"}},null,null,"Feedstock consumption",{"$f":"INDIRECT(\"COST_FS\"&$BH40&\"!\"&BE$93&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BH40&\"!\"&BF$93&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BH40&\"!\"&BG$93&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BH40&\"!\"&BH$93&42)","v":{"$error":"#DIV/0!"}},null,null,"Feedstock consumption",{"$f":"INDIRECT(\"COST_FS\"&$BO40&\"!\"&BL$93&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BO40&\"!\"&BM$93&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BO40&\"!\"&BN$93&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_FS\"&$BO40&\"!\"&BO$93&42)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstock Available (t/year)",{"$f":"INDIRECT(\"COST_FS\"&$AT40&\"!D\"&9)","v":0},{"$f":"INDIRECT(\"COST_FS\"&$AT40&\"!D\"&9)","v":0},{"$f":"INDIRECT(\"COST_FS\"&$AT40&\"!D\"&9)","v":0},{"$f":"INDIRECT(\"COST_FS\"&$AT40&\"!D\"&9)","v":0},null,null,"Feedstock Available (t/year)",{"$f":"INDIRECT(\"COST_FS\"&$BA40&\"!D\"&9)","v":0},{"$f":"INDIRECT(\"COST_FS\"&$BA40&\"!D\"&9)","v":0},{"$f":"INDIRECT(\"COST_FS\"&$BA40&\"!D\"&9)","v":0},{"$f":"INDIRECT(\"COST_FS\"&$BA40&\"!D\"&9)","v":0},null,null,"Feedstock Available (t/year)",{"$f":"INDIRECT(\"COST_FS\"&$BH40&\"!D\"&9)","v":0},{"$f":"INDIRECT(\"COST_FS\"&$BH40&\"!D\"&9)","v":0},{"$f":"INDIRECT(\"COST_FS\"&$BH40&\"!D\"&9)","v":0},{"$f":"INDIRECT(\"COST_FS\"&$BH40&\"!D\"&9)","v":0},null,null,"Feedstock Available (t/year)",{"$f":"INDIRECT(\"COST_FS\"&$BO40&\"!D\"&9)","v":0},{"$f":"INDIRECT(\"COST_FS\"&$BO40&\"!D\"&9)","v":0},{"$f":"INDIRECT(\"COST_FS\"&$BO40&\"!D\"&9)","v":0},{"$f":"INDIRECT(\"COST_FS\"&$BO40&\"!D\"&9)","v":0}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Figure biomass supply","5 ML","25 ML","50 ML","100 ML",null,null,"Figure biomass supply","5 ML","25 ML","50 ML","100 ML",null,null,"Figure biomass supply","5 ML","25 ML","50 ML","100 ML",null,null,"Figure biomass supply","5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plants potentially suplied",{"$f":"+ROUNDDOWN(AQ96/AQ95,0)","v":{"$error":"#DIV/0!"}},{"$f":"+ROUNDDOWN(AR96/AR95,0)","v":{"$error":"#DIV/0!"}},{"$f":"+ROUNDDOWN(AS96/AS95,0)","v":{"$error":"#DIV/0!"}},{"$f":"+ROUNDDOWN(AT96/AT95,0)","v":{"$error":"#DIV/0!"}},null,null,"Plants potentially suplied",{"$f":"+ROUNDDOWN(AX96/AX95,0)","v":{"$error":"#DIV/0!"}},{"$f":"+ROUNDDOWN(AY96/AY95,0)","v":{"$error":"#DIV/0!"}},{"$f":"+ROUNDDOWN(AZ96/AZ95,0)","v":{"$error":"#DIV/0!"}},{"$f":"+ROUNDDOWN(BA96/BA95,0)","v":{"$error":"#DIV/0!"}},null,null,"Plants potentially suplied",{"$f":"+ROUNDDOWN(BE96/BE95,0)","v":{"$error":"#DIV/0!"}},{"$f":"+ROUNDDOWN(BF96/BF95,0)","v":{"$error":"#DIV/0!"}},{"$f":"+ROUNDDOWN(BG96/BG95,0)","v":{"$error":"#DIV/0!"}},{"$f":"+ROUNDDOWN(BH96/BH95,0)","v":{"$error":"#DIV/0!"}},null,null,"Plants potentially suplied",{"$f":"+ROUNDDOWN(BL96/BL95,0)","v":{"$error":"#DIV/0!"}},{"$f":"+ROUNDDOWN(BM96/BM95,0)","v":{"$error":"#DIV/0!"}},{"$f":"+ROUNDDOWN(BN96/BN95,0)","v":{"$error":"#DIV/0!"}},{"$f":"+ROUNDDOWN(BO96/BO95,0)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Figure Ethanol Attainable Ethanol production",null,null,null,null,null,null,"Figure Ethanol Attainable Ethanol production",null,null,null,null,null,null,"Figure Ethanol Attainable Ethanol production",null,null,null,null,null,null,"Figure Ethanol Attainable Ethanol production"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+AR42","v":"Ethanol Demand"},{"$f":"+$AS$102/$AS$102","v":{"$error":"#DIV/0!"}},{"$f":"+$AS$42","v":0},"ML/year",null,null,null,{"$f":"+AY42","v":"Ethanol Demand"},{"$f":"+AZ102/AZ102","v":{"$error":"#DIV/0!"}},{"$f":"+$AS$42","v":0},"ML/year",null,null,null,{"$f":"+BF42","v":"Ethanol Demand"},{"$f":"+BG102/BG102","v":{"$error":"#DIV/0!"}},{"$f":"+$AS$42","v":0},"ML/year",null,null,null,{"$f":"+BM42","v":"Ethanol Demand"},{"$f":"+BN102/BN102","v":{"$error":"#DIV/0!"}},{"$f":"+$AS$42","v":0},"ML/year"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"\"Max. Attainable Ethanol Production\"","v":"Max. Attainable Ethanol Production"},{"$f":"+AS103/AS102","v":{"$error":"#DIV/0!"}},{"$f":"IF(SUM(AQ99:AT99)=0,0,AS41*AQ96/(1000000))","v":{"$error":"#DIV/0!"}},"ML/year",{"$f":"IFERROR(IF(AR103<5%,TRUE,FALSE),TRUE)","v":true},null,null,{"$f":"\"Max. Attainable Ethanol Production\"","v":"Max. Attainable Ethanol Production"},{"$f":"+AZ103/AZ102","v":{"$error":"#DIV/0!"}},{"$f":"IF(SUM(AX99:BA99)=0,0,AZ41*AX96/(1000000))","v":{"$error":"#DIV/0!"}},"ML/year",null,null,null,{"$f":"\"Max. Attainable Ethanol Production\"","v":"Max. Attainable Ethanol Production"},{"$f":"+BG103/BG102","v":{"$error":"#DIV/0!"}},{"$f":"IF(SUM(BE99:BH99)=0,0,BG41*BE96/(1000000))","v":{"$error":"#DIV/0!"}},"ML/year",null,null,null,{"$f":"\"Max. Attainable Ethanol Production\"","v":"Max. Attainable Ethanol Production"},{"$f":"+BN103/BN102","v":{"$error":"#DIV/0!"}},{"$f":"IF(SUM(BL99:BO99)=0,0,BN41*BL96/(1000000))","v":{"$error":"#DIV/0!"}},"ML/year"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"\"E\"","v":"E"},{"$f":"'Biofuel Demand'!$D$13*100","v":0},"For figure",null,null,null,null,{"$f":"\"E\"","v":"E"},{"$f":"'Biofuel Demand'!$D$13*100","v":0},"For figure",null,null,null,null,{"$f":"\"E\"","v":"E"},{"$f":"'Biofuel Demand'!$D$13*100","v":0},"For figure",null,null,null,null,{"$f":"\"E\"","v":"E"},{"$f":"'Biofuel Demand'!$D$13*100","v":0},"For figure"]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,5,25,50,100,null,null,null,5,25,50,100,null,null,null,5,25,50,100,null,null,null,5,25,50,100]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Figure NPV MUSD","5 ML","25 ML","50 ML","100 ML",null,null,"Figure NPV MUSD","5 ML","25 ML","50 ML","100 ML",null,null,"Figure NPV MUSD","5 ML","25 ML","50 ML","100 ML",null,null,"Figure NPV MUSD","5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1,"Scenario 1",{"$f":"+INDIRECT(\"FA\"&AQ$107&\"_FS\"&$AT$40&\"_SC\"&$AO109&\"!c109\")/1000000","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,1,"Scenario 1",{"$f":"+INDIRECT(\"FA\"&AX$107&\"_FS\"&$BA$40&\"_SC\"&$AV109&\"!c109\")/1000000","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,1,"Scenario 1",{"$f":"+INDIRECT(\"FA\"&BE$107&\"_FS\"&$BH$40&\"_SC\"&$BC109&\"!c109\")/1000000","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,1,"Scenario 1",{"$f":"+INDIRECT(\"FA\"&BL$107&\"_FS\"&$BO$40&\"_SC\"&$BJ109&\"!c109\")/1000000","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,2,"Scenario 2",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,2,"Scenario 2",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,2,"Scenario 2",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,2,"Scenario 2",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
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[]
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[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"AO43","v":" "},1,{"$f":"BM103","v":{"$error":"#DIV/0!"}}]
[]
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[]
[]
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[]
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[]
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[]
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[]
[]
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[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF($AT$251=1,TRUE,FALSE)","v":true},true,true,true,true,true,true,{"$f":"IF($AT$251=1,TRUE,FALSE)","v":true},{"$f":"IF($AT$251=2,TRUE,FALSE)","v":false},{"$f":"IF($AT$251=2,TRUE,FALSE)","v":false},false,false,false,false,false,false]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1,2,3,4,null,1,2,3,4]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"\"sc1\"&\"-L\"","v":"sc1-L"},42,54,67,80,{"$f":"\"sc1\"&\"-MJ\"","v":"sc1-MJ"},45,57,70,83]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"\"sc2\"&\"-L\"","v":"sc2-L"},43,55,68,81,{"$f":"\"sc2\"&\"-MJ\"","v":"sc2-MJ"},46,58,71,84]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"\"sc3\"&\"-L\"","v":"sc3-L"},44,56,69,82,{"$f":"\"sc3\"&\"-MJ\"","v":"sc3-MJ"},47,59,72,85]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,false,null,null,"Scenario 1"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Product Basis (L)",1,null,"Scenario 1",1]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Energy Basis (MJ)",2,null,"Scenario 2",2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 3",3]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"AR267+3","v":45},{"$f":"AS267+3","v":57},{"$f":"AT267+3","v":70},{"$f":"AU267+3","v":83}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"AR268+3","v":46},58,71,84]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,47,59,72,85]
[]
[]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Mandate","BIOFUEL"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+'Biofuel Demand'!$D$13","v":0},{"$f":"\"E\"","v":"E"},{"$f":"$AP$289","v":0},null,"Titles of figures of production Costs"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"\"E\"","v":"E"},{"$f":"$AP$289","v":0},{"$f":"+'Data Entry Needs'!$T$212","v":"fossil fuel"},{"$f":"+'Data Entry Needs'!$U$212","v":"Net exporter"},{"$f":"+'Data Entry Needs'!$V$212","v":true},{"$f":"\"USD/l gasoline equivalent\"","v":"USD/l gasoline equivalent"},{"$f":"+\"Comparison of production cost with \"&$Y290&\" price - \"&$Z290&\" option (\"&$AB290&\")\"","v":"Comparison of production cost with  price -  option ()"},"Gasoline",{"$f":"+IF(AT290=\"net exporter\",\"FGP price\",\"FOB price\")","v":"FGP price"},{"$f":"+IF(AND(VLOOKUP(AS290&AT290,'Data Entry Needs'!$P$217:$R$225,3,FALSE)=1,'Data Entry Needs'!$V$215),\"+ Transport\",IF(AND(VLOOKUP(AS290&AT290,'Data Entry Needs'!$P$217:$R$225,3,FALSE)=-1,'Data Entry Needs'!$V$215),\"- Transport\",\"\"))","v":""},{"$f":"+VLOOKUP(AX290,'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0}]
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[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Unit"]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Fuel","Calorific Value (MJ/Kg)","Density (kg/L)","kg CO2e/MJ","kg CO2e/L","MJ/L"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Gasoline",44.3,0.89,7.0985000000000006E-2,{"$f":"+AS301*AQ301*AR301","v":2.7987255950000001},{"$f":"+AQ301*AR301","v":39.427}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Diesel",43,0.73721999999999999,7.5390899999999997E-2,{"$f":"+AS302*AQ302*AR302","v":2.3899262098139999},{"$f":"+AQ302*AR302","v":31.70046}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",26.95163409308779,0.78900000000000003,4.2277931942379249E-3,{"$f":"+AS303*AQ303*AR303","v":8.990334286676209E-2},{"$f":"+AQ303*AR303","v":21.264839299446269}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Biodiesel",{"$f":"35.7/0.88","v":40.56818181818182},0.88,4.2590356310978073E-3,{"$f":"+AS304*AQ304*AR304","v":0.15204757203019173},{"$f":"+AQ304*AR304","v":35.700000000000003}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Emissions Targets"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"EU-Renewable Energy Directive (RED)",0.35,"http://transportpolicy.net/index.php?title=EU:_Fuels:_Biofuel_Policy"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"USA-Renewable Fuels Standard (RFS)",0.5,"http://transportpolicy.net/index.php?title=US:_Fuels:_Renewable_Fuel_Standard"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"User Defined",null,{"$f":"+IF($E$165=\"user defined\",TRUE,FALSE)","v":false}]

{"sheet":"Planner_MFS","index":72,"n_rows":39,"n_cols":44,"rows_kept":39,"cut":false,"hidden":true,"merged":[[22,2,23,4],[90,33,91,34],[2,2,2,18],[5,2,5,3],[5,4,5,9],[88,31,88,32],[90,31,90,32],[10,2,10,3],[24,2,24,4],[25,2,25,4],[26,2,26,4],[27,2,27,4],[22,6,22,17],[22,5,23,5],[22,18,23,18]]}
[]
[]
[null,null,"BIOMASS DISTRIBUTION PLANNER FOR ETHANOL PRODUCTION & STORAGE FOR MULTIFFEDSTOCK"]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Please Select Please Select"]
[null,null,"Use white cells to input data",null,"Grey cells are used for calculations"]
[]
[null,null,"Feedstock monthly distribution"]
[]
[null,null,"Feedtock planner allows the user to distribute the biomass per month in able to calculate storage related costs per year"]
[null,null,"Feedstock Distribution",null,"Feedstock Available (t/year)","Ethanol yield (L/tonne)","Jan","Feb","Mar","Apr","May","Jun","Jul","Aug","Sep","Oct","Nov","Dec","Left to Allocate",null,"Criteria1","Criteria2"]
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[null,null,{"$f":"IF('Data Entry Needs'!F10=\"Please select\", \"\", 'Data Entry Needs'!F10&\"-\"&'Data Entry Needs'!F11)","v":""},null,{"$f":"IF(ROUND('Data Entry Needs'!F12,0)=0,\"\",ROUND('Data Entry Needs'!F12,0))","v":""},{"$f":"Allocator!C14","v":0},null,null,{"$f":"$E$13/5","v":{"$error":"#VALUE!"}},{"$f":"$E$13/5","v":{"$error":"#VALUE!"}},{"$f":"$E$13/5","v":{"$error":"#VALUE!"}},{"$f":"$E$13/5","v":{"$error":"#VALUE!"}},{"$f":"$E$13/5","v":{"$error":"#VALUE!"}},null,null,null,null,null,{"$f":"IFERROR(ROUND(E13-SUM(G13:R13),0),0)","v":0},{"$f":"12-COUNTA(G13:R13)","v":7},{"$f":"AND(IF(S13<=0,FALSE,TRUE),NOT(V13))","v":false},{"$f":"AND(IF(COUNTA(G13:R13)=12,TRUE,FALSE),IF(S13>0,TRUE,FALSE))","v":false}]
[null,null,{"$f":"IF('Data Entry Needs'!G10=\"Please select\", \"\", 'Data Entry Needs'!G10&\"-\"&'Data Entry Needs'!G11)","v":""},null,{"$f":"IF(ROUND('Data Entry Needs'!G12,0)=0,\"\",ROUND('Data Entry Needs'!G12,0))","v":""},{"$f":"Allocator!C15","v":0},8333.3333333333339,8333.3333333333339,8333.3333333333339,8333.3333333333339,8333.3333333333339,8333.3333333333339,8333.3333333333339,8333.3333333333339,8333.3333333333339,8333.3333333333339,8333.3333333333339,8333.3333333333339,{"$f":"IFERROR(ROUND(E14-SUM(G14:R14),0),0)","v":0},{"$f":"12-COUNTA(G14:R14)","v":0},{"$f":"AND(IF(S14<=0,FALSE,TRUE),NOT(V14))","v":false},{"$f":"AND(IF(COUNTA(G14:R14)=12,TRUE,FALSE),IF(S14>0,TRUE,FALSE))","v":false}]
[null,null,{"$f":"IF('Data Entry Needs'!H10=\"Please select\", \"\", 'Data Entry Needs'!H10&\"-\"&'Data Entry Needs'!H11)","v":""},null,{"$f":"IF(ROUND('Data Entry Needs'!H12,0)=0,\"\",ROUND('Data Entry Needs'!H12,0))","v":""},{"$f":"Allocator!C16","v":0},null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IFERROR(ROUND(E15-SUM(G15:R15),0),0)","v":0},{"$f":"12-COUNTA(G15:R15)","v":12},{"$f":"AND(IF(S15<=0,FALSE,TRUE),NOT(V15))","v":false},{"$f":"AND(IF(COUNTA(G15:R15)=12,TRUE,FALSE),IF(S15>0,TRUE,FALSE))","v":false}]
[]
[]
[null,null,"Feedstock Monthly Available (t/month)",null,null,null,{"$f":"SUM(G12:G15)","v":20000},{"$f":"SUM(H12:H15)","v":20000},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},20000,20000,20000,20000,20000]
[null,null,"Ethanol production potential (L/month)",null,null,null,{"$f":"$F12*G12+$F13*G13+$F14*G14+$F15*G15","v":0},{"$f":"$F12*H12+$F13*H13+$F14*H14+$F15*H15","v":0},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},0,0,0,0,0]
[]
[null,null,"Maximum Storage Definition for each plant capacity"]
[]
[null,null,"Capacities (Million litres per year)",null,null,"Biomass consumption - t/y","Biomass Storage (ton)",null,null,null,null,null,null,null,null,null,null,null,"Maximum Storage Capacity Required (ton)"]
[null,null,null,null,null,null,"Jan","Feb","Mar","Apr","May","Jun","Jul","Aug","Sep","Oct","Nov","Dec"]
[null,null,5,null,null,{"$f":"COST_MFS!G17","v":{"$error":"#DIV/0!"}},{"$f":"ROUND(AC37*$F$25,0)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"MAX(G25:R25)","v":{"$error":"#DIV/0!"}}]
[null,null,25,null,null,{"$f":"COST_MFS!G18","v":{"$error":"#DIV/0!"}},{"$f":"ROUND(AC37*$F$26,0)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"MAX(G26:R26)","v":{"$error":"#DIV/0!"}}]
[null,null,50,null,null,{"$f":"COST_MFS!G19","v":{"$error":"#DIV/0!"}},{"$f":"ROUND(AC37*$F$27,0)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"MAX(G27:R27)","v":{"$error":"#DIV/0!"}}]
[null,null,100,null,null,{"$f":"COST_MFS!G20","v":{"$error":"#DIV/0!"}},{"$f":"ROUND(AC37*$F$28,0)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"MAX(G28:R28)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,{"$f":"'Data Entry Needs'!$D$8","v":false},{"$f":"'Data Entry Needs'!$D$8","v":false},{"$f":"'Data Entry Needs'!$D$8","v":false},{"$f":"'Data Entry Needs'!$D$8","v":false},{"$f":"'Data Entry Needs'!$D$8","v":false},{"$f":"'Data Entry Needs'!$D$8","v":false},{"$f":"'Data Entry Needs'!$D$8","v":false},{"$f":"'Data Entry Needs'!$D$8","v":false},{"$f":"'Data Entry Needs'!$D$8","v":false},{"$f":"'Data Entry Needs'!$D$8","v":false},{"$f":"'Data Entry Needs'!$D$8","v":false},{"$f":"'Data Entry Needs'!$D$8","v":false}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Jan","Feb","Mar","Apr","May","Jun","Jul","Aug","Sep","Oct","Nov","Dec","Not Collection Months","Collection Months","Share","Storage Cost"]
[null,null,"Monthly Consumption of Biomass Stocked",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF(OR(ISBLANK(G12),G12=0),0,1)","v":1},1,1,1,1,1,1,1,1,1,1,1,{"$f":"IF((12-COUNTIF(AC30:AN30,\">0\"))=0,1,(12-COUNTIF(AC30:AN30,\">0\")))","v":1},{"$f":"SUM(AC30:AN30)","v":12},{"$f":"+AP30/$AP$34","v":{"$error":"#VALUE!"}},{"$f":"+'Data Entry Needs'!$E$19","v":0}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0,0,{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},0,0,0,0,0,{"$f":"IF((12-COUNTIF(AC31:AN31,\">0\"))=0,1,(12-COUNTIF(AC31:AN31,\">0\")))","v":12},{"$f":"SUM(AC31:AN31)","v":{"$error":"#VALUE!"}},{"$f":"+AP31/$AP$34","v":{"$error":"#VALUE!"}},{"$f":"+'Data Entry Needs'!$F$19","v":0}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1,1,1,1,1,1,1,1,1,1,1,1,{"$f":"IF((12-COUNTIF(AC32:AN32,\">0\"))=0,1,(12-COUNTIF(AC32:AN32,\">0\")))","v":1},{"$f":"SUM(AC32:AN32)","v":12},{"$f":"+AP32/$AP$34","v":{"$error":"#VALUE!"}},{"$f":"+'Data Entry Needs'!$G$19","v":0}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"IF((12-COUNTIF(AC33:AN33,\">0\"))=0,1,(12-COUNTIF(AC33:AN33,\">0\")))","v":12},{"$f":"SUM(AC33:AN33)","v":0},{"$f":"+AP33/$AP$34","v":{"$error":"#VALUE!"}},{"$f":"+'Data Entry Needs'!$H$19","v":0}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"SUM(AC30:AC33)","v":2},{"$f":"SUM(AD30:AD33)","v":2},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},2,2,2,2,2,null,{"$f":"SUM(AP30:AP33)","v":{"$error":"#VALUE!"}},"Total",{"$f":"+SUMPRODUCT(AQ30:AQ33,AR30:AR33)","v":{"$error":"#VALUE!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF(AND(AC$34>1,AC$28),TRUE,FALSE)","v":false},{"$f":"IF(AND(AD$34>1,AD$28),TRUE,FALSE)","v":false},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},false,false,false,false,false]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Biomass required per month t/tonne total annual"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"t/t total -%",{"$f":"(G18+$AB$39*G18)/SUM($E$12:$E$15)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#VALUE!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Max Value",{"$f":"MAX(AC37:AN37)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Safety Storage",0.3]

{"sheet":"COST_MFS","index":73,"n_rows":149,"n_cols":38,"rows_kept":149,"cut":false,"hidden":true,"merged":[[150,29,150,31],[83,2,84,2],[83,3,84,3],[89,2,90,2],[89,3,90,3],[89,4,90,4],[96,2,97,2],[96,3,97,3],[60,2,61,2],[60,3,61,3],[67,2,68,2],[67,3,68,3],[73,2,74,2],[73,3,74,3],[39,2,40,2],[39,3,40,3],[45,2,46,2],[45,3,46,3],[54,2,55,2],[54,3,55,3],[33,5,33,6],[33,7,33,8],[33,9,33,10],[33,11,33,12],[2,2,2,12],[5,3,5,5],[22,2,22,12],[24,2,26,2],[24,5,26,6],[24,9,26,10],[27,5,27,6],[27,9,27,10],[28,5,28,6],[28,9,28,10],[32,5,32,12]]}
[]
[]
[null,null,{"$f":"+UPPER(\" Processing costs for ethanol production from Multifeedstock\")","v":" PROCESSING COSTS FOR ETHANOL PRODUCTION FROM MULTIFEEDSTOCK"}]
[]
[]
[null,null,"Use white cells to input data","Grey cells are used for calculations"]
[null,null,"Summary of Feedstock and Storage",null,null,"Financial Parameters",null,null,null,"Investment Cost Update"]
[]
[null,null,"Feedstock available (t/year)",{"$f":"SUM(Planner_MFS!$E$12:$E$15)","v":0},null,"Discount rate (%)",null,{"$f":"+'Data Entry Needs'!D79","v":0},null,{"$f":"+'Data Entry Needs'!$F$80","v":"Plant Cost Index during 4/2017"},null,{"$f":"+'Data Entry Needs'!$H$80","v":0}]
[null,null,{"$f":"'Data Entry Needs'!$C$57&\" (USD/l)\"","v":"Ethanol storage cost (USD/l)"},{"$f":"'Data Entry Needs'!$D$57","v":0},null,"Loan interest rate (%)",null,{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,null,{"$f":"'Data Entry Needs'!$F$57","v":"Storage rate of ethanol"},{"$f":"'Data Entry Needs'!$H$57","v":0},null,"Loan term (years)",null,{"$f":"+'Data Entry Needs'!D81","v":0}]
[null,null,"Feedstock storage cost (USD/t)",{"$f":"+'Data Entry Needs'!$E$19","v":0}]
[]
[]
[]
[null,null,"Transport Distance of Feedstock",null,"Transport Quantity"]
[null,null,"Distance SIZE 1 (5 ML) (km)",null,"Size 1 (t/year)",null,{"$f":"+$F$42","v":{"$error":"#DIV/0!"}}]
[null,null,"Distance SIZE 2 (25 ML) (km)",null,"Size 2 (t/year)",null,{"$f":"+$H$42","v":{"$error":"#DIV/0!"}}]
[null,null,"Distance SIZE 3 (50 ML) (km)",null,"Size 3 (t/year)",null,{"$f":"+$J$42","v":{"$error":"#DIV/0!"}}]
[null,null,"Distance SIZE 4 (100 ML) (km)",null,"Size 4 (t/year)",null,{"$f":"+$L$42","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Feedstock Production Schemes"]
[null,null,"PLEASE INCLUDE AT LEAST ONE SCENARIO TO OBTAIN RESULTS"]
[null,null,"Scenario 1: Own Production",null,null,"Scenario 2: Mixed",null,null,null,"Scenario 3: Outgrowers"]
[null,null,{"$f":"+\"Description: 100% of Multifeedstock collected on site\"","v":"Description: 100% of Multifeedstock collected on site"},null,null,{"$f":"+\"Description: \"&$AC$139&\"% of Multifeedstock produced directly by processing plant, and \"&(100-$AC$139)&\"% provided by outgrowers at market price.\"","v":"Description: 60% of Multifeedstock produced directly by processing plant, and 40% provided by outgrowers at market price."},null,null,null,{"$f":"+\"Description: 100% of Multifeedstock is provided by outgrowers at market price.\"","v":"Description: 100% of Multifeedstock is provided by outgrowers at market price."}]
[]
[]
[null,null,null,null,null,{"$f":"\"Feedstock Price = \"&$AC$139&\"%*Own Production Cost + \"&(100-$AC$139)&\"%*Outgrowers Cost\"","v":"Feedstock Price = 60%*Own Production Cost + 40%*Outgrowers Cost"},null,null,null,"Feedstock Price = 100%*Market Price or Collection Cost","Feedstock Price = 100%*Production Cost"]
[null,null,{"$f":"AF148","v":{"$error":"#DIV/0!"}},null,null,{"$f":"C29*COST_MFS!$AB$140+J29*COST_MFS!$AB$139","v":{"$error":"#DIV/0!"}},null,null,null,{"$f":"AF149","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Production Cost Details"]
[]
[null,null,null,null,null,"Capacities (Million litres per year)"]
[null,null,null,null,null,5,null,25,null,50,null,100]
[null,null,null,null,null,"Operating hours per year",{"$f":"+'Data Entry Needs'!$G$43*24","v":0},"Operating hours per year",{"$f":"+'Data Entry Needs'!$G$43*24","v":0},"Operating hours per year",{"$f":"+'Data Entry Needs'!$G$43*24","v":0},"Operating hours per year",{"$f":"+'Data Entry Needs'!$G$43*24","v":0}]
[null,null,"Scenario 1: Own Production"]
[null,null,"Scenario 2: Mixed"]
[null,null,"Scenario 3: Outgrowers"]
[]
[null,null,"Feedstock","Unit","Unit Price","Quantity ","Total","Quantity ","Total","Quantity ","Total","Quantity ","Total"]
[null,null,null,null,"(USD)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)"]
[null,null,"Multifeedstock Scenario 1",{"$f":"Allocator!C35","v":"t/year"},{"$f":"+$C$29","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$D$100","v":{"$error":"#DIV/0!"}},{"$f":"+F42*E42","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$E$100","v":{"$error":"#DIV/0!"}},{"$f":"+H42*$E42","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$F$100","v":{"$error":"#DIV/0!"}},{"$f":"+J42*$E42","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$G$100","v":{"$error":"#DIV/0!"}},{"$f":"+L42*$E42","v":{"$error":"#DIV/0!"}}]
[null,null,"Multifeedstock Scenario 2",{"$f":"D42","v":"t/year"},{"$f":"+$F$29","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$D$100","v":{"$error":"#DIV/0!"}},{"$f":"+F43*E43","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$E$100","v":{"$error":"#DIV/0!"}},{"$f":"+H43*$E43","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$F$100","v":{"$error":"#DIV/0!"}},{"$f":"+J43*$E43","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$G$100","v":{"$error":"#DIV/0!"}},{"$f":"+L43*$E43","v":{"$error":"#DIV/0!"}}]
[null,null,"Multifeedstock Scenario 3",{"$f":"D43","v":"t/year"},{"$f":"+J29","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$D$100","v":{"$error":"#DIV/0!"}},{"$f":"+F44*E44","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$E$100","v":{"$error":"#DIV/0!"}},{"$f":"+H44*$E44","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$F$100","v":{"$error":"#DIV/0!"}},{"$f":"+J44*$E44","v":{"$error":"#DIV/0!"}},{"$f":"+Allocator!$G$100","v":{"$error":"#DIV/0!"}},{"$f":"+L44*$E44","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Other chemical inputs","Unit","Unit Price","Quantity ","Total","Quantity ","Total","Quantity ","Total","Quantity ","Total"]
[null,null,null,null,"(USD)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)"]
[null,null,{"$f":"Allocator!B36","v":"Sulfuric Acid"},{"$f":"Allocator!C36","v":"t/year"},{"$f":"'Data Entry Needs'!D34","v":0},{"$f":"Allocator!D101","v":{"$error":"#DIV/0!"}},{"$f":"+F48*E48","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E101","v":{"$error":"#DIV/0!"}},{"$f":"+H48*$E48","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F101","v":{"$error":"#DIV/0!"}},{"$f":"+J48*$E48","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G101","v":{"$error":"#DIV/0!"}},{"$f":"+L48*$E48","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"Allocator!B37","v":"Water"},{"$f":"Allocator!C37","v":"m3/year"},{"$f":"'Data Entry Needs'!D39","v":0},{"$f":"Allocator!D102","v":{"$error":"#DIV/0!"}},{"$f":"+F49*E49","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E102","v":{"$error":"#DIV/0!"}},{"$f":"+H49*$E49","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F102","v":{"$error":"#DIV/0!"}},{"$f":"+J49*$E49","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G102","v":{"$error":"#DIV/0!"}},{"$f":"+L49*$E49","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"Allocator!B38","v":"Ammonia"},{"$f":"Allocator!C38","v":"t/year"},{"$f":"'Data Entry Needs'!D32","v":0},{"$f":"Allocator!D103","v":{"$error":"#DIV/0!"}},{"$f":"+F50*E50","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E103","v":{"$error":"#DIV/0!"}},{"$f":"+H50*$E50","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F103","v":{"$error":"#DIV/0!"}},{"$f":"+J50*$E50","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G103","v":{"$error":"#DIV/0!"}},{"$f":"+L50*$E50","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"Allocator!B39","v":"Enzyme"},{"$f":"Allocator!C39","v":"t/year"},{"$f":"'Data Entry Needs'!G32","v":0},{"$f":"Allocator!D104","v":{"$error":"#DIV/0!"}},{"$f":"+F51*E51","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E104","v":{"$error":"#DIV/0!"}},{"$f":"+H51*$E51","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F104","v":{"$error":"#DIV/0!"}},{"$f":"+J51*$E51","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G104","v":{"$error":"#DIV/0!"}},{"$f":"+L51*$E51","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"Allocator!B40","v":"Yeast"},{"$f":"Allocator!C40","v":"t/year"},{"$f":"'Data Entry Needs'!D33","v":0},{"$f":"Allocator!D105","v":{"$error":"#DIV/0!"}},{"$f":"+F52*E52","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E105","v":{"$error":"#DIV/0!"}},{"$f":"+H52*$E52","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F105","v":{"$error":"#DIV/0!"}},{"$f":"+J52*$E52","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G105","v":{"$error":"#DIV/0!"}},{"$f":"+L52*$E52","v":{"$error":"#DIV/0!"}}]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G48:G52)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I48:I52)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K48:K52)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M48:M52)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Energy inputs","Unit","Unit Price","Quantity ","Total","Quantity ","Total","Quantity ","Total","Quantity ","Total"]
[null,null,null,null,"(USD)","(Unit)","(USD/year)","(Unit/year)","(USD/year)","(Unit/year)","(USD/year)","(Unit/year)","(USD/year)"]
[null,null,{"$f":"Allocator!B41","v":"Steam"},{"$f":"Allocator!C41","v":"t/y"},{"$f":"'Data Entry Needs'!D38","v":0},{"$f":"Allocator!D106","v":{"$error":"#DIV/0!"}},{"$f":"+F57*E57","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E106","v":{"$error":"#DIV/0!"}},{"$f":"+H57*$E57","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F106","v":{"$error":"#DIV/0!"}},{"$f":"+J57*$E57","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G106","v":{"$error":"#DIV/0!"}},{"$f":"+L57*$E57","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"Allocator!B42","v":"Electricity"},{"$f":"Allocator!C42","v":"kWh/y"},{"$f":"'Data Entry Needs'!D40","v":0},{"$f":"Allocator!D107","v":{"$error":"#DIV/0!"}},{"$f":"+F58*E58","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E107","v":{"$error":"#DIV/0!"}},{"$f":"+H58*$E58","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F107","v":{"$error":"#DIV/0!"}},{"$f":"+J58*$E58","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G107","v":{"$error":"#DIV/0!"}},{"$f":"+L58*$E58","v":{"$error":"#DIV/0!"}}]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G57:G58)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I57:I58)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K57:K58)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M57:M58)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Labour and miscellaneous cost","Unit","Unit Price","Quantity ","Total","Quantity ","Total","Quantity ","Total","Quantity ","Total"]
[null,null,null,null,"(USD/hour)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)"]
[null,null,"Unskilled worker","# Employee",{"$f":"+'Data Entry Needs'!$D$43","v":0},{"$f":"+IF((F34/3.785)<6,6,ROUND(F34/3.785,0))*3","v":18},{"$f":"+E63*F63*8000","v":0},{"$f":"+IF((H34/3.785)<6,6,ROUND(H34/3.785,0))*3","v":21},{"$f":"+$E63*H63*8000","v":0},{"$f":"+IF((J34/3.785)<6,6,ROUND(J34/3.785,0))*3","v":39},{"$f":"+$E63*J63*8000","v":0},{"$f":"+IF((L34/3.785)<6,6,ROUND(L34/3.785,0))*3","v":78},{"$f":"+$E63*L63*8000","v":0}]
[null,null,"Skilled worker","# Employee",{"$f":"+'Data Entry Needs'!$D$44","v":0},{"$f":"+ROUND(F63/4,0)","v":5},{"$f":"+E64*F64*8000","v":0},{"$f":"+ROUND(H63/4,0)","v":5},{"$f":"+$E64*H64*8000","v":0},{"$f":"+ROUND(J63/4,0)","v":10},{"$f":"+$E64*J64*8000","v":0},{"$f":"+ROUND(L63/4,0)","v":20},{"$f":"+$E64*L64*8000","v":0}]
[null,null,"Miscellaneous costs",null,null,{"$f":"+'Data Entry Needs'!$G$44","v":0},{"$f":"+F65*SUM(G63:G64)","v":0},{"$f":"+$F$65","v":0},{"$f":"+H65*SUM(I63:I64)","v":0},{"$f":"+H65","v":0},{"$f":"+J65*SUM(K63:K64)","v":0},{"$f":"+J65","v":0},{"$f":"+L65*SUM(M63:M64)","v":0}]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G63:G65)","v":0},null,{"$f":"SUM(I63:I65)","v":0},null,{"$f":"SUM(K63:K65)","v":0},null,{"$f":"SUM(M63:M65)","v":0}]
[]
[null,null,"Transportation","Unit","Unit Price","Quantity ","Total","Quantity ","Total","Quantity ","Total","Quantity ","Total"]
[null,null,null,null,"(USD/t/unit)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)"]
[null,null,"Feedstock (farm to plant)","km",{"$f":"+'Data Entry Needs'!$D$53","v":0},{"$f":"+$D$17","v":0},{"$f":"+$E$70*F70*$G$17","v":{"$error":"#DIV/0!"}},{"$f":"+$D$18","v":0},{"$f":"+$E$70*H70*$G$18","v":{"$error":"#DIV/0!"}},{"$f":"+$D$19","v":0},{"$f":"+$E$70*J70*$G$19","v":{"$error":"#DIV/0!"}},{"$f":"$D$20","v":0},{"$f":"+$E$70*L70*$G$20","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G70:G70)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I70:I70)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K70:K70)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M70:M70)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Investment","Unit","Years","Total","Depreciation","Total","Depreciation","Total","Depreciation","Total","Depreciation"]
[null,null,"Investment",null,null,"(USD)","(USD/year)","(USD)","(USD/year)","(USD)","(USD/year)","(USD)","(USD/year)"]
[null,null,"Buildings","USD",20,{"$f":"Allocator!J35","v":7418000},{"$f":"+F76/$E76","v":370900},{"$f":"Allocator!K35","v":19482000},{"$f":"+H76/$E76","v":974100},{"$f":"Allocator!L35","v":29528000},{"$f":"+J76/$E76","v":1476400},{"$f":"Allocator!M35","v":44757000},{"$f":"+L76/$E76","v":2237850}]
[null,null,"Plant and Equipment","USD",20,{"$f":"Allocator!J36","v":28290000},{"$f":"+F77/$E77","v":1414500},{"$f":"Allocator!K36","v":74303000},{"$f":"+H77/$E77","v":3715150},{"$f":"Allocator!L36","v":112622000},{"$f":"+J77/$E77","v":5631100},{"$f":"Allocator!M36","v":170703000},{"$f":"+L77/$E77","v":8535150}]
[]
[null,null,"Total investment",null,null,{"$f":"SUM(F76:F78)","v":35708000},null,{"$f":"SUM(H76:H78)","v":93785000},null,{"$f":"SUM(J76:J78)","v":142150000},null,{"$f":"SUM(L76:L78)","v":215460000}]
[null,null,null,null,null,"Total Depreciation",{"$f":"SUM(G76:G79)","v":1785400},"Total Depreciation",{"$f":"SUM(I76:I79)","v":4689250},"Total Depreciation",{"$f":"SUM(K76:K79)","v":7107500},"Total Depreciation",{"$f":"SUM(M76:M79)","v":10773000}]
[null,null,"Maintenance cost",null,{"$f":"+'Data Entry Needs'!$D$60","v":0},null,{"$f":"+$E$81*G80","v":0},null,{"$f":"+E81*$I$80","v":0},null,{"$f":"+$E$81*K80","v":0},null,{"$f":"+$E$81*M80","v":0}]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G80:G81)","v":1785400},null,{"$f":"SUM(I80:I81)","v":4689250},null,{"$f":"SUM(K80:K81)","v":7107500},null,{"$f":"SUM(M80:M81)","v":10773000}]
[]
[null,null,"Storage","Unit","Unit Price","Quantity ","Total","Quantity ","Total","Quantity ","Total","Quantity ","Total"]
[null,null,null,"(%)","(USD)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)"]
[null,null,"Feedstock (biomass)","t",{"$f":"+$D$12","v":0},{"$f":"Planner_MFS!$S$25","v":{"$error":"#DIV/0!"}},{"$f":"+F86*$E$86","v":{"$error":"#DIV/0!"}},{"$f":"Planner_MFS!$S$26","v":{"$error":"#DIV/0!"}},{"$f":"+H86*$E$86","v":{"$error":"#DIV/0!"}},{"$f":"Planner_MFS!$S$27","v":{"$error":"#DIV/0!"}},{"$f":"+J86*$E$86","v":{"$error":"#DIV/0!"}},{"$f":"Planner_MFS!$S$28","v":{"$error":"#DIV/0!"}},{"$f":"+L86*$E$86","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"+'Data Entry Needs'!$E$10& \" Ethanol\"","v":"Please Select Ethanol"},"litre",{"$f":"+$D$10","v":0},{"$f":"5000000*$D$11","v":0},{"$f":"+$E$87*F87","v":0},{"$f":"25000000*$D$11","v":0},{"$f":"+$E$87*H87","v":0},{"$f":"50000000*$D$11","v":0},{"$f":"+$E$87*J87","v":0},{"$f":"100000000*$D$11","v":0},{"$f":"+$E$87*L87","v":0}]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G86:G87)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I86:I87)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K86:K87)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M86:M87)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Other costs","Unit","Rate (%)",null,"Total",null,"Total",null,"Total",null,"Total"]
[null,null,null,null,null,null,"(USD/year)",null,"(USD/year)",null,"(USD/year)",null,"(USD/year)"]
[null,null,"Plant overhead","USD",{"$f":"+'Data Entry Needs'!$D$61","v":0},null,{"$f":"+(G63+G64+G81)*$E$92","v":0},null,{"$f":"+(I63+I64+I81)*$E$92","v":0},null,{"$f":"+(K63+K64+K81)*$E$92","v":0},null,{"$f":"+(M63+M64+M81)*$E$92","v":0}]
[null,null,"General and administrative","USD",{"$f":"+'Data Entry Needs'!$D$62","v":0},null,{"$f":"+(G59+G66+G92+G81)*$E$93","v":{"$error":"#DIV/0!"}},null,{"$f":"+(I59+I66+I92+I81)*$E$93","v":{"$error":"#DIV/0!"}},null,{"$f":"+(K59+K66+K92+K81)*$E$93","v":{"$error":"#DIV/0!"}},null,{"$f":"+(M59+M66+M92+M81)*$E$93","v":{"$error":"#DIV/0!"}}]
[null,null,"Loan interest","USD",null,null,{"$f":"-FA5_FS1_SC1!$G$68","v":0},null,{"$f":"-FA25_FS1_SC1!$G$68","v":0},null,{"$f":"-FA50_FS1_SC1!$G$68","v":0},null,{"$f":"-FA100_FS1_SC1!$G$68","v":0}]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G92:G94)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I92:I94)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K92:K94)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M92:M94)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Co-Products Credits","Unit","Unit Price","Quantity ","Total","Quantity ","Total","Quantity ","Total","Quantity ","Total"]
[null,null,null,null,"(USD)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)","(Unit)","(USD/year)"]
[null,null,{"$f":"Allocator!B45","v":"Electricity"},{"$f":"Allocator!C45","v":"kWh/y"},{"$f":"'Data Entry Needs'!G65","v":0},{"$f":"Allocator!D110","v":{"$error":"#DIV/0!"}},{"$f":"$E$99*F99","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E110","v":{"$error":"#DIV/0!"}},{"$f":"$E$99*H99","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F110","v":{"$error":"#DIV/0!"}},{"$f":"$E$99*J99","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G110","v":{"$error":"#DIV/0!"}},{"$f":"$E$99*L99","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"Allocator!B47","v":"CO2"},{"$f":"Allocator!C47","v":"t/year"},{"$f":"'Data Entry Needs'!D65","v":0},{"$f":"Allocator!D112","v":{"$error":"#DIV/0!"}},{"$f":"$E$100*F100","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E112","v":{"$error":"#DIV/0!"}},{"$f":"$E$100*H100","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F112","v":{"$error":"#DIV/0!"}},{"$f":"$E$100*J100","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G112","v":{"$error":"#DIV/0!"}},{"$f":"$E$100*L100","v":{"$error":"#DIV/0!"}}]
[null,null,{"$f":"Allocator!B48","v":"Lignin"},{"$f":"Allocator!C48","v":"t/year"},{"$f":"'Data Entry Needs'!D66","v":0},{"$f":"Allocator!D113","v":{"$error":"#DIV/0!"}},{"$f":"$E$101*F101","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!E113","v":{"$error":"#DIV/0!"}},{"$f":"$E$101*H101","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!F113","v":{"$error":"#DIV/0!"}},{"$f":"$E$101*J101","v":{"$error":"#DIV/0!"}},{"$f":"Allocator!G113","v":{"$error":"#DIV/0!"}},{"$f":"$E$101*L101","v":{"$error":"#DIV/0!"}}]
[null,null,"Subtotal",null,null,null,{"$f":"SUM(G99:G101)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I99:I101)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K99:K101)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M99:M101)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Total Production Costs (USD/year)"]
[]
[null,null,null,null,null,"Total","Total","Total","Total","Total","Total","Total","Total"]
[null,null,null,null,null,"(USD/year)","(USD/l)","(USD/year)","(USD/l)","(USD/year)","(USD/l)","(USD/year)","(USD/l)"]
[null,null,"Scenario 1"]
[null,null,"Total operating costs",null,null,{"$f":"G42+G53+G59+G66+G72","v":{"$error":"#DIV/0!"}},{"$f":"+F109/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I42+I53+I59+I66+I72","v":{"$error":"#DIV/0!"}},{"$f":"+H109/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K42+K53+K59+K66+K72","v":{"$error":"#DIV/0!"}},{"$f":"+J109/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M42+M53+M59+M66+M72","v":{"$error":"#DIV/0!"}},{"$f":"+L109/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Total fixed costs",null,null,{"$f":"G82+G88","v":{"$error":"#DIV/0!"}},{"$f":"+F110/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I82+I88","v":{"$error":"#DIV/0!"}},{"$f":"+H110/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K82+K88","v":{"$error":"#DIV/0!"}},{"$f":"+J110/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M82+M88","v":{"$error":"#DIV/0!"}},{"$f":"+L110/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Total other costs",null,null,{"$f":"G95","v":{"$error":"#DIV/0!"}},{"$f":"+F111/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I95","v":{"$error":"#DIV/0!"}},{"$f":"+H111/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K95","v":{"$error":"#DIV/0!"}},{"$f":"+J111/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M95","v":{"$error":"#DIV/0!"}},{"$f":"+L111/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Co-Products Credits",null,null,{"$f":"-G102","v":{"$error":"#DIV/0!"}},{"$f":"+F112/5000000","v":{"$error":"#DIV/0!"}},{"$f":"-I102","v":{"$error":"#DIV/0!"}},{"$f":"+H112/25000000","v":{"$error":"#DIV/0!"}},{"$f":"-K102","v":{"$error":"#DIV/0!"}},{"$f":"+J112/50000000","v":{"$error":"#DIV/0!"}},{"$f":"-M102","v":{"$error":"#DIV/0!"}},{"$f":"+L112/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Total production costs scenario 1 (USD/year)",null,null,{"$f":"SUM(F109:F112)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(H109:H112)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(J109:J112)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(L109:L112)","v":{"$error":"#DIV/0!"}}]
[null,null,"Total production costs scenario 1 (USD/l)",null,null,null,{"$f":"SUM(G109:G112)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I109:I112)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K109:K113)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M109:M113)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Scenario 2"]
[null,null,"Total operating costs",null,null,{"$f":"G43+G53+G59+G66+G72","v":{"$error":"#DIV/0!"}},{"$f":"+F117/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I43+I53+I59+I66+I72","v":{"$error":"#DIV/0!"}},{"$f":"+H117/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K43+K53+K59+K66+K72","v":{"$error":"#DIV/0!"}},{"$f":"+J117/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M43+M53+M59+M66+M72","v":{"$error":"#DIV/0!"}},{"$f":"+L117/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Total fixed costs",null,null,{"$f":"G82+G88","v":{"$error":"#DIV/0!"}},{"$f":"+F118/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I82+I88","v":{"$error":"#DIV/0!"}},{"$f":"+H118/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K82+K88","v":{"$error":"#DIV/0!"}},{"$f":"+J118/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M82+M88","v":{"$error":"#DIV/0!"}},{"$f":"+L118/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Total other costs",null,null,{"$f":"G95","v":{"$error":"#DIV/0!"}},{"$f":"+F119/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I95","v":{"$error":"#DIV/0!"}},{"$f":"+H119/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K95","v":{"$error":"#DIV/0!"}},{"$f":"+J119/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M95","v":{"$error":"#DIV/0!"}},{"$f":"+L119/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Co-Products Credits",null,null,{"$f":"-G102","v":{"$error":"#DIV/0!"}},{"$f":"G112","v":{"$error":"#DIV/0!"}},{"$f":"-I102","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"-K102","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"-M102","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,"Total production costs scenario 2 (USD/year)",null,null,{"$f":"SUM(F117:F120)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(H117:H120)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(J117:J120)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(L117:L120)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1]
[null,null,"Total production costs scenario 2 (USD/l)",null,null,null,{"$f":"SUM(G117:G121)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I117:I120)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K117:K121)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M117:M121)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1]
[null,null,"Scenario 3",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1]
[null,null,"Total operating costs",null,null,{"$f":"G44+G53+G59+G66+G72","v":{"$error":"#DIV/0!"}},{"$f":"+F125/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I44+I53+I59+I66+I72","v":{"$error":"#DIV/0!"}},{"$f":"+H125/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K44+K53+K59+K66+K72","v":{"$error":"#DIV/0!"}},{"$f":"+J125/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M44+M53+M59+M66+M72","v":{"$error":"#DIV/0!"}},{"$f":"+L125/100000000","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,1]
[null,null,"Total fixed costs",null,null,{"$f":"G82+G88","v":{"$error":"#DIV/0!"}},{"$f":"+F126/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I82+I88","v":{"$error":"#DIV/0!"}},{"$f":"+H126/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K82+K88","v":{"$error":"#DIV/0!"}},{"$f":"+J126/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M82+M88","v":{"$error":"#DIV/0!"}},{"$f":"+L126/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Total other costs",null,null,{"$f":"G95","v":{"$error":"#DIV/0!"}},{"$f":"+F127/5000000","v":{"$error":"#DIV/0!"}},{"$f":"I95","v":{"$error":"#DIV/0!"}},{"$f":"+H127/25000000","v":{"$error":"#DIV/0!"}},{"$f":"K95","v":{"$error":"#DIV/0!"}},{"$f":"+J127/50000000","v":{"$error":"#DIV/0!"}},{"$f":"M95","v":{"$error":"#DIV/0!"}},{"$f":"+L127/100000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Co-Products Credits",null,null,{"$f":"-G102","v":{"$error":"#DIV/0!"}},{"$f":"G120","v":{"$error":"#DIV/0!"}},{"$f":"-I102","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"-K102","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"-M102","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,"Total production costs scenario 3 (USD/year)",null,null,{"$f":"SUM(F125:F128)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(H125:H128)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(J125:J128)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(L125:L128)","v":{"$error":"#DIV/0!"}}]
[null,null,"Total production costs scenario 3 (USD/l)",null,null,null,{"$f":"SUM(G125:G128)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(I125:I128)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(K125:K129)","v":{"$error":"#DIV/0!"}},null,{"$f":"SUM(M125:M129)","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"sc2",null,"Ratios","sc1",null,"sc3"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Factory (%)",{"$f":"+AC139/100","v":0.6},60,"Factory (%)",1,"Factory (%)",0,"yes"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Outgrower (%)",{"$f":"1-AB139","v":0.4},null,"Outgrower (%)",0,"Outgrower (%)",1,"no"]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Fs1","Fs2","Fs3","Fs4"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstock",{"$f":"+'Data Entry Needs'!$E$11","v":" "},{"$f":"+'Data Entry Needs'!F$11","v":" "},{"$f":"+'Data Entry Needs'!$G$11","v":" "},{"$f":"+'Data Entry Needs'!$H$11","v":" "}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Operating time - h/y",{"$f":"ABS((12-COUNTBLANK(Planner_MFS!$G$12:$R$12))*'Data Entry Needs'!$G$43/12)","v":0},{"$f":"ABS((12-COUNTBLANK(Planner_MFS!$G$13:$R$13))*'Data Entry Needs'!$G$43/12)","v":0},{"$f":"ABS((12-COUNTBLANK(Planner_MFS!$G$14:$R$14))*'Data Entry Needs'!$G$43/12)","v":0},{"$f":"ABS((12-COUNTBLANK(Planner_MFS!$G$15:$R$15))*'Data Entry Needs'!$G$43/12)","v":0}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Share of operation-%",{"$f":"AB146/'Data Entry Needs'!$G$43","v":{"$error":"#DIV/0!"}},{"$f":"AC146/'Data Entry Needs'!$G$43","v":{"$error":"#DIV/0!"}},{"$f":"AD146/'Data Entry Needs'!$G$43","v":{"$error":"#DIV/0!"}},{"$f":"AE146/'Data Entry Needs'!$G$43","v":{"$error":"#DIV/0!"}},"Cost weighted"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sc1 Cost",{"$f":"COST_FS1!$C$29","v":0},{"$f":"COST_FS2!$C$29","v":0},{"$f":"COST_FS3!$C$29","v":0},{"$f":"COST_FS4!$C$29","v":0},{"$f":"($AB$147*AB148)+($AC$147*AC148)+($AD$147*AD148)+($AE$147*AE148)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"sC3 Cost",{"$f":"COST_FS1!$J$29","v":0},{"$f":"COST_FS2!$J$29","v":0},{"$f":"COST_FS3!$J$29","v":0},{"$f":"COST_FS4!$J$29","v":0},{"$f":"($AB$147*AB149)+($AC$147*AC149)+($AD$147*AD149)+($AE$147*AE149)","v":{"$error":"#DIV/0!"}}]

{"sheet":"FA5_MFS_SC1","index":74,"n_rows":117,"n_cols":23,"rows_kept":117,"cut":false,"hidden":true,"merged":[[1,1,1,13]]}
[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 5 Million Litres/year SCENARIO 1\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 5 MILLION LITRES/YEAR SCENARIO 1"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",5,{"$f":"C9","v":5},5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":5000000},{"$f":"+C10","v":5000000},5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,{"$f":"+S10","v":5000000},5000000,5000000,5000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":5000000},{"$f":"+C12","v":5000000},5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_MFS!$G$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"T17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_MFS!$G$100+COST_MFS!$G$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_MFS!$F76","v":7418000}]
[null,"Plant and Equipment",{"$f":"+COST_MFS!$F77","v":28290000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":28290000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":35708000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,28290000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":7141600}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":7.1416000000000004}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_MFS!$G$42","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_MFS!$G$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_MFS!$G$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_MFS!$G$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_MFS!$G$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_MFS!$G$80","v":1785400},1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_MFS!$G$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_MFS!$G$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_MFS!$G$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_MFS!$G$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":1785400},{"$f":"C78","v":1785400},{"$f":"D78","v":1785400},1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-35708000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-35708000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-1785400},{"$f":"-E78","v":-1785400},-1785400,{"$f":"-G78","v":-1785400},-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-35708000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-35708000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-35708000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"FA5_MFS_SC2","index":75,"n_rows":117,"n_cols":23,"rows_kept":117,"cut":false,"hidden":true,"merged":[[1,1,1,13]]}
[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 5 Million Litres/year SCENARIO 2\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 5 MILLION LITRES/YEAR SCENARIO 2"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",5,{"$f":"C9","v":5},5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":5000000},{"$f":"+C10","v":5000000},5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,{"$f":"+S10","v":5000000},5000000,5000000,5000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":5000000},{"$f":"+C12","v":5000000},5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_MFS!$G$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"T17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_MFS!$G$100+COST_MFS!$G$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_MFS!$F76","v":7418000}]
[null,"Plant and Equipment",{"$f":"+COST_MFS!$F77","v":28290000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":28290000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":35708000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,28290000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":7141600}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":7.1416000000000004}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_MFS!$G$43","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_MFS!$G$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_MFS!$G$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_MFS!$G$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_MFS!$G$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_MFS!$G$80","v":1785400},1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_MFS!$G$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_MFS!$G$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_MFS!$G$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_MFS!$G$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":1785400},{"$f":"C78","v":1785400},{"$f":"D78","v":1785400},1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-35708000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-35708000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-1785400},{"$f":"-E78","v":-1785400},-1785400,{"$f":"-G78","v":-1785400},-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-35708000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-35708000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-35708000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

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[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 5 Million Litres/year SCENARIO 3\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 5 MILLION LITRES/YEAR SCENARIO 3"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",5,{"$f":"C9","v":5},5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5,5]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":5000000},{"$f":"+C10","v":5000000},5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,{"$f":"+S10","v":5000000},5000000,5000000,5000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":5000000},{"$f":"+C12","v":5000000},5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000,5000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_MFS!$G$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"T17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_MFS!$G$100+COST_MFS!$G$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_MFS!$F76","v":7418000}]
[null,"Plant and Equipment",{"$f":"+COST_MFS!$F77","v":28290000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":28290000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":35708000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,28290000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":7141600}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":7.1416000000000004}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_MFS!$G$44","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_MFS!$G$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_MFS!$G$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_MFS!$G$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_MFS!$G$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_MFS!$G$80","v":1785400},1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_MFS!$G$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_MFS!$G$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_MFS!$G$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_MFS!$G$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":1785400},{"$f":"C78","v":1785400},{"$f":"D78","v":1785400},1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400,1785400]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-35708000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-35708000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-1785400},{"$f":"-E78","v":-1785400},-1785400,{"$f":"-G78","v":-1785400},-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400,-1785400]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-35708000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-35708000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-35708000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"FA25_MFS_SC1","index":77,"n_rows":117,"n_cols":23,"rows_kept":117,"cut":false,"hidden":true,"merged":[[1,1,1,13]]}
[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 25 Million Litres/year SCENARIO 1\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 25 MILLION LITRES/YEAR SCENARIO 1"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",25,{"$f":"C9","v":25},25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":25000000},{"$f":"+C10","v":25000000},25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,{"$f":"+S10","v":25000000},25000000,25000000,25000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":25000000},{"$f":"+C12","v":25000000},25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_MFS!$I$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"T17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_MFS!$I$100+COST_MFS!$I$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_MFS!$H76","v":19482000}]
[null,"Plant and Equipment",{"$f":"+COST_MFS!$H77","v":74303000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":74303000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":93785000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,74303000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":3751400}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":3.7513999999999998}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_MFS!$I$42","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_MFS!$I$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_MFS!$I$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_MFS!$I$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_MFS!$I$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_MFS!$I$80","v":4689250},4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_MFS!$I$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_MFS!$I$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_MFS!$I$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_MFS!$I$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":4689250},{"$f":"C78","v":4689250},{"$f":"D78","v":4689250},4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-93785000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-93785000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-4689250},{"$f":"-E78","v":-4689250},-4689250,{"$f":"-G78","v":-4689250},-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-93785000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-93785000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-93785000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"FA25_MFS_SC2","index":78,"n_rows":117,"n_cols":23,"rows_kept":117,"cut":false,"hidden":true,"merged":[[1,1,1,13]]}
[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 25 Million Litres/year SCENARIO 2\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 25 MILLION LITRES/YEAR SCENARIO 2"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",25,{"$f":"C9","v":25},25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":25000000},{"$f":"+C10","v":25000000},25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,{"$f":"+S10","v":25000000},25000000,25000000,25000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":25000000},{"$f":"+C12","v":25000000},25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_MFS!$I$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"T17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_MFS!$I$100+COST_MFS!$I$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_MFS!$H76","v":19482000}]
[null,"Plant and Equipment",{"$f":"+COST_MFS!$H77","v":74303000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":74303000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":93785000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,74303000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":3751400}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":3.7513999999999998}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_MFS!$I$43","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_MFS!$I$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_MFS!$I$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_MFS!$I$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_MFS!$I$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_MFS!$I$80","v":4689250},4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_MFS!$I$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_MFS!$I$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_MFS!$I$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_MFS!$I$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":4689250},{"$f":"C78","v":4689250},{"$f":"D78","v":4689250},4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-93785000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-93785000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-4689250},{"$f":"-E78","v":-4689250},-4689250,{"$f":"-G78","v":-4689250},-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-93785000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-93785000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-93785000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"FA25_MFS_SC3","index":79,"n_rows":117,"n_cols":23,"rows_kept":117,"cut":false,"hidden":true,"merged":[[1,1,1,13]]}
[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 25 Million Litres/year SCENARIO 3\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 25 MILLION LITRES/YEAR SCENARIO 3"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",25,{"$f":"C9","v":25},25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25,25]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":25000000},{"$f":"+C10","v":25000000},25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,{"$f":"+S10","v":25000000},25000000,25000000,25000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":25000000},{"$f":"+C12","v":25000000},25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000,25000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_MFS!$I$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"T17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_MFS!$I$100+COST_MFS!$I$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_MFS!$H76","v":19482000}]
[null,"Plant and Equipment",{"$f":"+COST_MFS!$H77","v":74303000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":74303000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":93785000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,74303000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":3751400}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":3.7513999999999998}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_MFS!$I$44","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_MFS!$I$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_MFS!$I$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_MFS!$I$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_MFS!$I$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_MFS!$I$80","v":4689250},4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_MFS!$I$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_MFS!$I$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_MFS!$I$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_MFS!$I$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":4689250},{"$f":"C78","v":4689250},{"$f":"D78","v":4689250},4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250,4689250]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-93785000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-93785000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-4689250},{"$f":"-E78","v":-4689250},-4689250,{"$f":"-G78","v":-4689250},-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250,-4689250]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-93785000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-93785000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-93785000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"FA50_MFS_SC1","index":80,"n_rows":117,"n_cols":23,"rows_kept":117,"cut":false,"hidden":true,"merged":[[1,1,1,13]]}
[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 50 Million Litres/year SCENARIO 1\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 50 MILLION LITRES/YEAR SCENARIO 1"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",50,{"$f":"C9","v":50},50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":50000000},{"$f":"+C10","v":50000000},50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,{"$f":"+S10","v":50000000},50000000,50000000,50000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":50000000},{"$f":"+C12","v":50000000},50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_MFS!$K$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"T17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_MFS!$K$100+COST_MFS!$K$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_MFS!$J76","v":29528000}]
[null,"Plant and Equipment",{"$f":"+COST_MFS!$J77","v":112622000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":112622000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":142150000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,112622000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":2843000}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":2.843}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_MFS!$K$42","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_MFS!$K$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_MFS!$K$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_MFS!$K$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_MFS!$K$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_MFS!$K$80","v":7107500},7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_MFS!$K$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_MFS!$K$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_MFS!$K$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_MFS!$K$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":7107500},{"$f":"C78","v":7107500},{"$f":"D78","v":7107500},7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-142150000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-142150000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-7107500},{"$f":"-E78","v":-7107500},-7107500,{"$f":"-G78","v":-7107500},-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-142150000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-142150000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-142150000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"FA50_MFS_SC2","index":81,"n_rows":117,"n_cols":23,"rows_kept":117,"cut":false,"hidden":true,"merged":[[1,1,1,13]]}
[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 50 Million Litres/year SCENARIO 2\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 50 MILLION LITRES/YEAR SCENARIO 2"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",50,{"$f":"C9","v":50},50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":50000000},{"$f":"+C10","v":50000000},50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,{"$f":"+S10","v":50000000},50000000,50000000,50000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":50000000},{"$f":"+C12","v":50000000},50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_MFS!$K$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"T17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_MFS!$K$100+COST_MFS!$K$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_MFS!$J76","v":29528000}]
[null,"Plant and Equipment",{"$f":"+COST_MFS!$J77","v":112622000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":112622000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":142150000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,112622000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":2843000}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":2.843}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_MFS!$K$43","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_MFS!$K$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_MFS!$K$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_MFS!$K$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_MFS!$K$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_MFS!$K$80","v":7107500},7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_MFS!$K$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_MFS!$K$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_MFS!$K$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_MFS!$K$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":7107500},{"$f":"C78","v":7107500},{"$f":"D78","v":7107500},7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-142150000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-142150000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-7107500},{"$f":"-E78","v":-7107500},-7107500,{"$f":"-G78","v":-7107500},-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-142150000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-142150000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-142150000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"FA50_MFS_SC3","index":82,"n_rows":117,"n_cols":23,"rows_kept":117,"cut":false,"hidden":true,"merged":[[1,1,1,13]]}
[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 50 Million Litres/year SCENARIO 3\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 50 MILLION LITRES/YEAR SCENARIO 3"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",50,{"$f":"C9","v":50},50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50,50]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":50000000},{"$f":"+C10","v":50000000},50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,{"$f":"+S10","v":50000000},50000000,50000000,50000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":50000000},{"$f":"+C12","v":50000000},50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000,50000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_MFS!$K$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"T17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_MFS!$K$100+COST_MFS!$K$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_MFS!$J76","v":29528000}]
[null,"Plant and Equipment",{"$f":"+COST_MFS!$J77","v":112622000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":112622000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":142150000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,112622000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":2843000}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":2.843}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_MFS!$K$44","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_MFS!$K$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_MFS!$K$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_MFS!$K$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_MFS!$K$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_MFS!$K$80","v":7107500},7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_MFS!$K$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_MFS!$K$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_MFS!$K$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_MFS!$K$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":7107500},{"$f":"C78","v":7107500},{"$f":"D78","v":7107500},7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500,7107500]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-142150000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-142150000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-7107500},{"$f":"-E78","v":-7107500},-7107500,{"$f":"-G78","v":-7107500},-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500,-7107500]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-142150000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-142150000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-142150000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"FA100_MFS_SC1","index":83,"n_rows":117,"n_cols":23,"rows_kept":117,"cut":false,"hidden":true,"merged":[[1,1,1,13]]}
[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 100 Million Litres/year SCENARIO 1\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 100 MILLION LITRES/YEAR SCENARIO 1"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",100,{"$f":"C9","v":100},100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":100000000},{"$f":"+C10","v":100000000},100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,{"$f":"+S10","v":100000000},100000000,100000000,100000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":100000000},{"$f":"+C12","v":100000000},100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_MFS!$M$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"T17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_MFS!$M$100+COST_MFS!$M$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_MFS!$L76","v":44757000}]
[null,"Plant and Equipment",{"$f":"+COST_MFS!$L77","v":170703000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":170703000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":215460000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,170703000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":2154600}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":2.1545999999999998}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_MFS!$M$42","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_MFS!$M$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_MFS!$M$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_MFS!$M$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_MFS!$M$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_MFS!$M$80","v":10773000},10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_MFS!$M$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_MFS!$M$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_MFS!$M$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_MFS!$M$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":10773000},{"$f":"C78","v":10773000},{"$f":"D78","v":10773000},10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-215460000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-215460000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-10773000},{"$f":"-E78","v":-10773000},-10773000,{"$f":"-G78","v":-10773000},-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-215460000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-215460000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-215460000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"FA100_MFS_SC2","index":84,"n_rows":117,"n_cols":23,"rows_kept":117,"cut":false,"hidden":true,"merged":[[1,1,1,13]]}
[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 100 Million Litres/year SCENARIO 2\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 100 MILLION LITRES/YEAR SCENARIO 2"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",100,{"$f":"C9","v":100},100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":100000000},{"$f":"+C10","v":100000000},100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,{"$f":"+S10","v":100000000},100000000,100000000,100000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":100000000},{"$f":"+C12","v":100000000},100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_MFS!$M$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"T17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_MFS!$M$100+COST_MFS!$M$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_MFS!$L76","v":44757000}]
[null,"Plant and Equipment",{"$f":"+COST_MFS!$L77","v":170703000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":170703000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":215460000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,170703000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":2154600}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":2.1545999999999998}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_MFS!$M$43","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_MFS!$M$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_MFS!$M$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_MFS!$M$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_MFS!$M$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_MFS!$M$80","v":10773000},10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_MFS!$M$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_MFS!$M$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_MFS!$M$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_MFS!$M$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":10773000},{"$f":"C78","v":10773000},{"$f":"D78","v":10773000},10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-215460000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-215460000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-10773000},{"$f":"-E78","v":-10773000},-10773000,{"$f":"-G78","v":-10773000},-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-215460000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-215460000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-215460000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

{"sheet":"FA100_MFS_SC3","index":85,"n_rows":117,"n_cols":23,"rows_kept":117,"cut":false,"hidden":true,"merged":[[1,1,1,13]]}
[]
[null,{"$f":"+UPPER(\"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 100 Million Litres/year SCENARIO 2\")","v":"FINANCIAL EVALUATION OF ETHANOL PRODUCTION 100 MILLION LITRES/YEAR SCENARIO 2"}]
[]
[]
[{"$f":"\"Revenues of \"&'Data Entry Needs'!$E$10&\" production (Benefit)\"","v":"Revenues of Please Select production (Benefit)"}]
[]
[null,"Operating Year",0,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[]
[null,"Capacity (million of litres)",100,{"$f":"C9","v":100},100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100,100]
[null,"Annual production (litres per year)",{"$f":"+C9*1000000","v":100000000},{"$f":"+C10","v":100000000},100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,{"$f":"+S10","v":100000000},100000000,100000000,100000000]
[null,"Loss in production processing (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Sales to customers (litres per year)",{"$f":"+C10*(1-C11)","v":100000000},{"$f":"+C12","v":100000000},100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000,100000000]
[]
[null,{"$f":"\"Price of ethanol (USD/litre)\"","v":"Price of ethanol (USD/litre)"},{"$f":"+VLOOKUP(\"Ethanol\",'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},{"$f":"+C14*(100%+D15)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Increase rate of price of \"&'Data Entry Needs'!$E$10&\" (%)\"","v":"Increase rate of price of Please Select (%)"},{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C15","v":0},{"$f":"+D15","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income (USD per year)",{"$f":"+C12*C14","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income Electricity Generation (USD/year)",{"$f":"COST_MFS!$M$99","v":{"$error":"#DIV/0!"}},{"$f":"C17","v":{"$error":"#DIV/0!"}},{"$f":"D17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"T17","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"By-products revenues (USD/year)",{"$f":"COST_MFS!$M$100+COST_MFS!$M$101","v":{"$error":"#DIV/0!"}},{"$f":"C18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[null,"Total income",null,{"$f":"+D16+D17+D18","v":{"$error":"#DIV/0!"}},{"$f":"+E16+E17+E18","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
["Capital and operating cost"]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Direct capital cost (USD)"]
[null,"Buildings",{"$f":"+COST_MFS!$L76","v":44757000}]
[null,"Plant and Equipment",{"$f":"+COST_MFS!$L77","v":170703000},null,null,null,null,null,null,null,null,null,null,{"$f":"+C28","v":170703000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+C29","v":0}]
[]
[null,"Total capital cost (USD)",{"$f":"C27+C28","v":215460000},{"$f":"D27+D28+D29","v":0},0,0,0,0,0,0,0,0,0,170703000,0,0,0,0,0,0,0,0,0]
[null,"Capital cost (USD/MLN litres)",{"$f":"+C31/C9","v":2154600}]
[null,"Capital cost (USD/ litre)",{"$f":"+C31/C12","v":2.1545999999999998}]
[]
[]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Annual operating and maintenance cost "]
[null,"Sub-total input cost (USD)",{"$f":"+C39+C40+C41","v":{"$error":"#DIV/0!"}},{"$f":"+D39+D40+D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Feedstock cost (USD/year)",{"$f":"+COST_MFS!$M$44","v":{"$error":"#DIV/0!"}},{"$f":"+C39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S39","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Other raw material costs (USD/year)",{"$f":"COST_MFS!$M$53","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cost of energy inputs (USD/year)",{"$f":"COST_MFS!$M$59","v":{"$error":"#DIV/0!"}},{"$f":"C41","v":{"$error":"#DIV/0!"}},{"$f":"D41","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Labour cost (USD/year)",{"$f":"+COST_MFS!$M$66","v":0},{"$f":"C42*(1+D62)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Transportation cost (USD/year)",{"$f":"+COST_MFS!$M$72","v":{"$error":"#DIV/0!"}},{"$f":"+C43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+S43","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Investment cost (USD/year)",{"$f":"+COST_MFS!$M$80","v":10773000},10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000]
[null,"Maintenance cost (USD/year)",{"$f":"+COST_MFS!$M$81","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Storage cost (USD/year)",{"$f":"+COST_MFS!$M$88","v":{"$error":"#DIV/0!"}},{"$f":"C46","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Plant overhead (USD/year)",{"$f":"+COST_MFS!$M$92","v":0},{"$f":"+C47","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S47","v":0},0,0,0]
[null,"General and administrative cost (USD/year)",{"$f":"+COST_MFS!$M$93","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total annualized cost (USD)",{"$f":"SUM(C39:C48)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total cost per litre (USD/l)",{"$f":"+C49/C12","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial parameters"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Raw material cost escalation rate (%)",null,0,{"$f":"D54","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"T54","v":0},0,0]
[null,"Inflation rate (%)",null,{"$f":"+'Data Entry Needs'!$O$212","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Discount rate (%)",{"$f":"+'Data Entry Needs'!$D$79","v":0}]
[null,"Debt ratio (%)",{"$f":"+'Data Entry Needs'!$D$84","v":0}]
[]
[null,"Loan",null,1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Loan amount (USD )",{"$f":"C57*C31","v":0}]
[null,"Increasing rate of price of biodiesel (%)",{"$f":"+'Data Entry Needs'!$O$211","v":0},{"$f":"+C61","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,{"$f":"+S61","v":0},0,0,0]
[null," Escalation rate of labour cost (%)",null,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Loan interest rate (%)",{"$f":"+'Data Entry Needs'!$D$80","v":0}]
[null,"Loan term (years)",{"$f":"+'Data Entry Needs'!$D$81","v":0}]
[null,"Loan payment (USD/month)",{"$f":"(PMT(C63/12,(12*C64),C60))","v":{"$error":"#NUM!"}}]
[null,"Loan payment (USD/year)",null,{"$f":"IF(D53<=$C$64,$C$65*12,0)","v":0},{"$f":"IF(E53<=$C$64,$C$65*12,0)","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Total loan payment (USD)",{"$f":"SUM(D66:W66)","v":0}]
[null,"Loan interest payment (USD)",{"$f":"C67+C60","v":0},"Average loan interest payment for project lifetime",null,null,{"$f":"C68/20","v":0},"USD per year"]
[]
["Income tax analysis"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Effective income tax rate (%)",0,{"$f":"C72","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Income tax",null,{"$f":"IF(D96<0,0,D72*D96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(E96<0,0,E72*E96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(F96<0,0,F72*F96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(G96<0,0,G72*G96)","v":{"$error":"#DIV/0!"}},{"$f":"IF(H96<0,0,H72*H96)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Depreciation"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Depreciation method","Straight-line"]
[null,"Total depreciation (USD)",{"$f":"C44","v":10773000},{"$f":"C78","v":10773000},{"$f":"D78","v":10773000},10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000,10773000]
[]
[]
["Summary of this project - before tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",null,{"$f":"+D20","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total capital cost (USD)",{"$f":"-(C31-C60)","v":-215460000}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,0,{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Cash-flow - before tax (USD)",{"$f":"SUM(C83:C86)","v":-215460000},{"$f":"SUM(D83:D86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E83:E86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F83:F86)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G83:G86)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - before tax (USD)",null,{"$f":"+D87/((1+$C56)^D82)","v":{"$error":"#DIV/0!"}},{"$f":"+E87/((1+$C56)^E82)","v":{"$error":"#DIV/0!"}},{"$f":"+F87/((1+$C56)^F82)","v":{"$error":"#DIV/0!"}},{"$f":"+G87/((1+$C56)^G82)","v":{"$error":"#DIV/0!"}},{"$f":"+H87/((1+$C56)^H82)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D82,,-D87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E82,,-E87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F82,,-F87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G82,,-G87,)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H82,,-H87,)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
["Summary of this project - after tax"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Total revenue (USD)",{"$f":"C83","v":0},{"$f":"D83","v":{"$error":"#DIV/0!"}},{"$f":"E83","v":{"$error":"#DIV/0!"}},{"$f":"F83","v":{"$error":"#DIV/0!"}},{"$f":"G83","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total operating and maintenance cost (USD)",null,{"$f":"-(D49-D44)","v":{"$error":"#DIV/0!"}},{"$f":"-(E49-E44)","v":{"$error":"#DIV/0!"}},{"$f":"-(F49-F44)","v":{"$error":"#DIV/0!"}},{"$f":"-(G49-G44)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Debt payment (USD)",null,{"$f":"D66","v":0},0,{"$f":"F66","v":0},{"$f":"G66","v":0},0,0,0,0,0,0,0,0,0,0,0,0,0,0,0,0]
[null,"Depreciation of fixed cost (USD)",null,{"$f":"-D78","v":-10773000},{"$f":"-E78","v":-10773000},-10773000,{"$f":"-G78","v":-10773000},-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000,-10773000]
[null,"Net Profit - before tax (USD) for income tax calculation",{"$f":"SUM(C92:C95)","v":0},{"$f":"SUM(D92:D95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(E92:E95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(F92:F95)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(G92:G95)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Income tax",null,{"$f":"-D73","v":{"$error":"#DIV/0!"}},{"$f":"-E73","v":{"$error":"#DIV/0!"}},{"$f":"-F73","v":{"$error":"#DIV/0!"}},{"$f":"-G73","v":{"$error":"#DIV/0!"}},{"$f":"-H73","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"+PV($C56,D91,,-D97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G97)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H97)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cash-flow - after tax (USD)",{"$f":"C84","v":-215460000},{"$f":"D87+D97","v":{"$error":"#DIV/0!"}},{"$f":"E87+E97","v":{"$error":"#DIV/0!"}},{"$f":"F87+F97","v":{"$error":"#DIV/0!"}},{"$f":"G87+G97","v":{"$error":"#DIV/0!"}},{"$f":"H87+H97","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Present cash-flow - after tax (USD)",null,{"$f":"+PV($C56,D91,,-D99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,E91,,-E99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,F91,,-F99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,G91,,-G99)","v":{"$error":"#DIV/0!"}},{"$f":"+PV($C56,H91,,-H99)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Cumulative value of Net Profit"]
[null,"Operating Year","Appraisal",1,2,3,4,5,6,7,8,9,10,11,12,13,14,15,16,17,18,19,20]
[null,"Cumulative value of Net Profit - before tax",{"$f":"C87","v":-215460000},{"$f":"C104+(D88)","v":{"$error":"#DIV/0!"}},{"$f":"D104+(E88)","v":{"$error":"#DIV/0!"}},{"$f":"E104+(F88)","v":{"$error":"#DIV/0!"}},{"$f":"F104+(G88)","v":{"$error":"#DIV/0!"}},{"$f":"G104+(H88)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Cumulative value of Net Profit - after tax",{"$f":"C99","v":-215460000},{"$f":"C105+(D100)","v":{"$error":"#DIV/0!"}},{"$f":"D105+(E100)","v":{"$error":"#DIV/0!"}},{"$f":"E105+(F100)","v":{"$error":"#DIV/0!"}},{"$f":"F105+(G100)","v":{"$error":"#DIV/0!"}},{"$f":"G105+(H100)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
["Financial Analysis Result"]
[]
[null,"Net Present Value (NPV) (USD) - before tax",{"$f":"NPV(C56,D87:W87)+C87","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - before tax",{"$f":"IF(C109<0,\"Not feasible\",IRR(C87:W87,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - before tax"]
[]
[]
[null,"Net Present Value (NPV) (USD) - after tax",{"$f":"NPV(C56,D99:W99)+C99","v":{"$error":"#DIV/0!"}}]
[null,"Internal Rate of Return (IRR) (%) - after tax",{"$f":"IF(C114<0,\"Not feasible\",IRR(C99:W99,0.000001))","v":{"$error":"#DIV/0!"}}]
[null,"Payback period (years)","Please see Figure of the cumulative value of Net Profit - after tax"]
[null,"Total income tax payment of project lifetime",{"$f":"SUM(D98:W98)","v":{"$error":"#DIV/0!"}}]

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[]
[]
[null,null,null,{"$f":"UPPER(\"GHG EMISSIONS FOR 2G ETHANOL PRODUCTION FROM Multifeedstock\")","v":"GHG EMISSIONS FOR 2G ETHANOL PRODUCTION FROM MULTIFEEDSTOCK"}]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,"Feedstock Production Emissions"]
[]
[]
[null,null,null,"Step 1: Input Emissions for Crop Production "]
[]
[null,null,null,null,null,{"$f":"\"kgCO2eq/kg \"&$E$20","v":"kgCO2eq/kg Multifeedstock"}]
[null,null,null,null,null,"Own Production","Outgrowers"]
[null,null,null,"Feedstock","Multifeedstock"]
[]
[null,null,null,null,"tCO2eq/year"]
[null,null,null,null,"Scenario 1","Scenario 2","Scenario 3"]
[null,null,null,null,{"$f":"+COST_MFS!$C$25","v":"Description: 100% of Multifeedstock collected on site"},{"$f":"+COST_MFS!$F$25","v":"Description: 60% of Multifeedstock produced directly by processing plant, and 40% provided by outgrowers at market price."},{"$f":"+COST_MFS!$J$25","v":"Description: 100% of Multifeedstock is provided by outgrowers at market price."},null,{"$f":"COST_FS3!AC139","v":60}]
[null,null,null,"5 ML",{"$f":"$F$20*COST_MFS!$F$42","v":{"$error":"#DIV/0!"}},{"$f":"$F$20*COST_MFS!$F$42*($I$24/100)+$G$20*COST_MFS!$F$42*(1-$I$24/100)","v":{"$error":"#DIV/0!"}},{"$f":"$G$20*COST_MFS!$F$42","v":{"$error":"#DIV/0!"}}]
[null,null,null,"25 ML",{"$f":"$F$20*COST_MFS!$H$42","v":{"$error":"#DIV/0!"}},{"$f":"$F$20*COST_MFS!$H$42*($I$24/100)+$G$20*COST_MFS!$H$42*(1-$I$24/100)","v":{"$error":"#DIV/0!"}},{"$f":"$G$20*COST_MFS!$H$42","v":{"$error":"#DIV/0!"}}]
[null,null,null,"50 ML",{"$f":"$F$20*COST_MFS!$J$42","v":{"$error":"#DIV/0!"}},{"$f":"$F$20*COST_MFS!$J$42*($I$24/100)+$G$20*COST_MFS!$J$42*(1-$I$24/100)","v":{"$error":"#DIV/0!"}},{"$f":"$G$20*COST_MFS!$J$42","v":{"$error":"#DIV/0!"}}]
[null,null,null,"100ML",{"$f":"$F$20*COST_MFS!$L$42","v":{"$error":"#DIV/0!"}},{"$f":"$F$20*COST_MFS!$L$42*($I$24/100)+$G$20*COST_MFS!$L$42*(1-$I$24/100)","v":{"$error":"#DIV/0!"}},{"$f":"$G$20*COST_MFS!$L$42","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[null,null,"Feedstock and Residues Transportation"]
[]
[]
[null,null,null,"Step 2: Input transportation distances for residues"]
[]
[null,null,null,"Feedstock Transported",null,"Multifeedstock",null,null,"Residues Transported",null,{"$f":"+VLOOKUP($F$37,$T$325:$V$341,2,FALSE)","v":"Sludge"}]
[null,null,null,"Mean of Transport",null,{"$f":"+VLOOKUP($F$37,$Q$325:$R$341,2,FALSE)","v":"Truck for dry product (Diesel)"},null,null,"Mean of Transport",null,{"$f":"+VLOOKUP($F$37,$T$325:$V$341,3,FALSE)","v":"Tanker truck MB2318 (Diesel)"}]
[]
[]
[null,null,null,"Plants","Quantity (t/year)","Distance (km)","tCO2eq/year",null,"Plants","Quantity (t/year)","Distance (km)","tCO2eq/year"]
[null,null,null,"5 ML",{"$f":"+COST_MFS!$G17","v":{"$error":"#DIV/0!"}},{"$f":"+COST_MFS!$D17","v":0},{"$f":"+VLOOKUP($F$38,$Q$239:$V$248,6,FALSE)*E42*F42","v":{"$error":"#DIV/0!"}},null,"5 ML",{"$f":"X329*1000","v":{"$error":"#DIV/0!"}},null,{"$f":"VLOOKUP($K$38,$Q$239:$V$248,6,FALSE)*J42*K42","v":{"$error":"#DIV/0!"}}]
[null,null,null,"25 ML",{"$f":"+COST_MFS!$G18","v":{"$error":"#DIV/0!"}},{"$f":"+COST_MFS!$D18","v":0},{"$f":"+VLOOKUP($F$38,$Q$239:$V$248,6,FALSE)*E43*F43","v":{"$error":"#DIV/0!"}},null,"25 ML",{"$f":"Y329*1000","v":{"$error":"#DIV/0!"}},null,{"$f":"VLOOKUP($K$38,$Q$239:$V$248,6,FALSE)*J43*K43","v":{"$error":"#DIV/0!"}}]
[null,null,null,"50 ML",{"$f":"+COST_MFS!$G19","v":{"$error":"#DIV/0!"}},{"$f":"+COST_MFS!$D19","v":0},{"$f":"+VLOOKUP($F$38,$Q$239:$V$248,6,FALSE)*E44*F44","v":{"$error":"#DIV/0!"}},null,"50 ML",{"$f":"Z329*1000","v":{"$error":"#DIV/0!"}},null,{"$f":"VLOOKUP($K$38,$Q$239:$V$248,6,FALSE)*J44*K44","v":{"$error":"#DIV/0!"}}]
[null,null,null,"100 ML",{"$f":"+COST_MFS!$G20","v":{"$error":"#DIV/0!"}},{"$f":"+COST_MFS!$D20","v":0},{"$f":"+VLOOKUP($F$38,$Q$239:$V$248,6,FALSE)*E45*F45","v":{"$error":"#DIV/0!"}},null,"100 ML",{"$f":"AA329*1000","v":{"$error":"#DIV/0!"}},null,{"$f":"VLOOKUP($K$38,$Q$239:$V$248,6,FALSE)*J45*K45","v":{"$error":"#DIV/0!"}}]
[]
[]
[null,null,null,"Biofuel Processing Emissions"]
[]
[]
[null,null,null,{"$f":"\"Annual Energy Consumption for Ethanol Production\"","v":"Annual Energy Consumption for Ethanol Production"},null,null,null,null,"Capacities (Million L/year)"]
[null,null,null,"Consumption before integration with cogeneration system",null,null,"Unit",null,5,25,50,100]
[null,null,null,"Heating (Steam)",null,null,"1000 MJ/year",null,{"$f":"X338","v":{"$error":"#DIV/0!"}},{"$f":"Y338","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,"Electricity Consumption",null,null,"1000 kWh/year",null,{"$f":"X339","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
[]
[null,null,null,"Step 3: Select an option to supply energy",null,null,null,null,{"$f":"+IF(NOT($D$60),\"Method 1: All energy consumption(heat and electricity) of processing plant is supplied using external sources: fossil fuels, and/or electricity from central grid.\",\"Method 2: All energy consumption(heat and electricity) of processing plant is supplied using a cogeneration system fueled using either biomass  or fossil fuels\")","v":"Method 2: All energy consumption(heat and electricity) of processing plant is supplied using a cogeneration system fueled using either biomass  or fossil fuels"}]
[]
[null,null,null,true]
[]
[]
[null,null,null,"Method 1: Energy supplied with fossil fuels"]
[]
[null,null,null,"Step 3.1: Select how external energy is supplied"]
[null,null,null,null,null,null,null,true]
[null,null,null,null,null,null,null,1]
[null,null,null,null,null,{"$f":"+IF($F$69=\"USER defined\",TRUE,FALSE)","v":false},null,null,null,null,{"$f":"+NOT(F68)","v":true}]
[null,null,null,"Origin of Electricity Emissions",null,"Default by Country","Colombia",{"$f":"+IF($K$68,$I$69,$K$69)","v":175},{"$f":"IFERROR(VLOOKUP($G$69,'dummy database'!$A$28:$B$161,2,FALSE),\"\")","v":175},"gCO2/kWh",10,"gCO2/kWh"]
[]
[null,null,null,null,null,null,null,null,"Capacities (Million L/year)"]
[null,null,null,null,null,null,null,null,5,25,50,100]
[null,null,null,{"$f":"IF($K$68,\"Emissions from Electricity Production in \"&$G$69,\"Emissions from Electricity Production \"&$F$69)","v":"Emissions from Electricity Production in Colombia"},null,null,"tCO2eq/year",null,{"$f":"IF($H$66,0,$H$69*I$54/1000)","v":0},{"$f":"IF($H$66,0,$H$69*J$54/1000)","v":0},{"$f":"IF($H$66,0,$H$69*K$54/1000)","v":0},{"$f":"IF($H$66,0,$H$69*L$54/1000)","v":0}]
[null,null,null,"Fossil fuel Source",null,null,"Unit",null,"Natural Gas","Natural Gas","Natural Gas","Natural Gas"]
[null,null,null,"Calorific Value",null,null,"MJ/kg",null,{"$f":"+IFERROR(VLOOKUP(I$74,GHG_MFS!$Q$261:$T$277,2,FALSE),\"?\")","v":48},{"$f":"+IFERROR(VLOOKUP(J$74,GHG_MFS!$Q$261:$T$277,2,FALSE),\"?\")","v":48},{"$f":"+IFERROR(VLOOKUP(K$74,GHG_MFS!$Q$261:$T$277,2,FALSE),\"?\")","v":48},{"$f":"+IFERROR(VLOOKUP(L$74,GHG_MFS!$Q$261:$T$277,2,FALSE),\"?\")","v":48}]
[null,null,null,"Fossil Fuel Requirement",null,null,"t/year",null,{"$f":"IF(NOT($H$66),I$53/(I75*$X$245),(I$53/(I75*$X$245)+3.6*I$54/(I75*$X$246)))","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($H$66),J$53/(J75*$X$245),(J$53/(J75*$X$245)+3.6*J$54/(J75*$X$246)))","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($H$66),K$53/(K75*$X$245),(K$53/(K75*$X$245)+3.6*K$54/(K75*$X$246)))","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($H$66),L$53/(L75*$X$245),(L$53/(L75*$X$245)+3.6*L$54/(L75*$X$246)))","v":{"$error":"#DIV/0!"}}]
[null,null,null,{"$f":"IF(NOT($H$66),\"Emissions from Heat Production using Fossil Fuels\",\"Total Emissions from Energy Production using Fossil Fuels\")","v":"Total Emissions from Energy Production using Fossil Fuels"},null,null,"tCO2eq/year",null,{"$f":"VLOOKUP(I$74,$Q$262:$T$277,4,FALSE)*IF(NOT($H$66),I$53/$X$245,(I$53/$X$245+3.6*I54/$X$246))","v":{"$error":"#DIV/0!"}},{"$f":"VLOOKUP(J$74,$Q$262:$T$277,4,FALSE)*IF(NOT($H$66),J$53/$X$245,(J$53/$X$245+3.6*J54/$X$246))","v":{"$error":"#DIV/0!"}},{"$f":"VLOOKUP(K$74,$Q$262:$T$277,4,FALSE)*IF(NOT($H$66),K$53/$X$245,(K$53/$X$245+3.6*K54/$X$246))","v":{"$error":"#DIV/0!"}},{"$f":"VLOOKUP(L$74,$Q$262:$T$277,4,FALSE)*IF(NOT($H$66),L$53/$X$245,(L$53/$X$245+3.6*L54/$X$246))","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,"Total emissions",null,null,"tCO2eq/year",null,{"$f":"IF(NOT($H$66),I77+I73,I77)","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($H$66),J77+J73,J77)","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($H$66),K77+K73,K77)","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($H$66),L77+L73,L77)","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,null,"Method 2: Self-generated Energy"]
[]
[null,null,null,"Step 3.2a:  Technology level for energy production"]
[]
[]
[null,null,null,"Technology Level for Cogeneration",null,{"$f":"'Data Entry Needs'!F26","v":"Simple"}]
[null,null,null,null,null,null,null,null,null,"Total Thermal Efficency",{"$f":"VLOOKUP($F$99,$Q$254:$V$256,5,FALSE)","v":0.2}]
[null,null,null,"Technology",{"$f":"IFERROR(VLOOKUP($F$99,$Q$254:$R$256,2,FALSE),\"\")","v":"Condensing Turbine"},null,null,null,null,"Effective Electrical Efficiency",{"$f":"IFERROR(VLOOKUP($F$99,$Q$254:$V$256,6,FALSE),\"\")","v":0.2}]
[null,null,null,"Product",{"$f":"IFERROR(VLOOKUP($F$99,$Q$254:$S$256,3,FALSE),\"\")","v":"Power Only"}]
[]
[null,null,null,"Fuel Type","Solids residues from ethanol production"]
[]
[]
[]
[null,null,null,"Step 3.2b: define biomas available"]
[]
[null,null,null,{"$f":"\"Lignin Available from \"&'Data Entry Needs'!$G$11","v":"Lignin Available from  "}]
[null,null,null,null,null,null,null,null,null,{"$f":"+IF($F$111=\"Use Fossil Fuel\",\"Select Fossil Fuel\",\"\")","v":""}]
[]
[null,null,null,"Average Calorific value ",null,{"$f":"AD332","v":{"$error":"#DIV/0!"}},"MJ/kg",null,"Capacities (Million L/year)"]
[null,null,null,null,null,null,null,null,5,25,50,100]
[null,null,null,null,null,null,"Unit"]
[null,null,null,"Solid Residues Potentially Available",null,null,"t/year",null,{"$f":"AD331*1000","v":{"$error":"#DIV/0!"}},{"$f":"AE331*1000","v":{"$error":"#DIV/0!"}},{"$f":"AF331*1000","v":{"$error":"#DIV/0!"}},{"$f":"AG331*1000","v":{"$error":"#DIV/0!"}}]
[null,null,null,"Energy Theoretical Potential ",null,null,"1000 MJ/yr",null,{"$f":"I116*$F$113","v":{"$error":"#DIV/0!"}},{"$f":"J116*$F$113","v":{"$error":"#DIV/0!"}},{"$f":"K116*$F$113","v":{"$error":"#DIV/0!"}},{"$f":"L116*$F$113","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,"Heat","Cogenerated",null,"1000 MJ/yr",null,{"$f":"AD340","v":{"$error":"#DIV/0!"}},{"$f":"AE340","v":{"$error":"#DIV/0!"}},{"$f":"AF340","v":{"$error":"#DIV/0!"}},{"$f":"AG340","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,"Demand Supplied",null,"%",null,{"$f":"IFERROR(IF(I$119/I$53>1,\"fullly supplied\",I$119/(I$53)),\"\")","v":""},{"$f":"IFERROR(IF(J$119/J$53>1,\"fullly supplied\",J$119/(J$53)),\"\")","v":""},{"$f":"IFERROR(IF(K$119/K$53>1,\"fullly supplied\",K$119/(K$53)),\"\")","v":""},{"$f":"IFERROR(IF(L$119/L$53>1,\"fullly supplied\",L$119/(L$53)),\"\")","v":""}]
[]
[null,null,null,"Electricity","Cogenerated",null,"1000 kWh/yr",null,{"$f":"AD339","v":{"$error":"#DIV/0!"}},{"$f":"AE339","v":{"$error":"#DIV/0!"}},{"$f":"AF339","v":{"$error":"#DIV/0!"}},{"$f":"AG339","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,"Demand Supplied",null,"%",null,{"$f":"IFERROR(IF(I$122/I$54>1,\"Surplus\",I$122/(I$54)),\"\")","v":""},{"$f":"IFERROR(IF(J$122/J$54>1,\"Surplus\",J$122/(J$54)),\"\")","v":""},{"$f":"IFERROR(IF(K$122/K$54>1,\"Surplus\",K$122/(K$54)),\"\")","v":""},{"$f":"IFERROR(IF(L$122/L$54>1,\"Surplus\",L$122/(L$54)),\"\")","v":""}]
[]
[null,null,null,"External fossil fuel requirement for heating",null,null,"%",null,{"$f":"+IF(I120<=1,(1-I120),0%)","v":0},{"$f":"+IF(J120<=1,(1-J120),0%)","v":0},{"$f":"+IF(K120<=1,(1-K120),0%)","v":0},{"$f":"+IF(L120<=1,(1-L120),0%)","v":0}]
[null,null,null,"External fossil fuel requirement for electricity",null,null,"%",null,{"$f":"+IF(I123<=1,(1-I123),0%)","v":0},{"$f":"+IF(J123<=1,(1-J123),0%)","v":0},{"$f":"+IF(K123<=1,(1-K123),0%)","v":0},{"$f":"+IF(L123<=1,(1-L123),0%)","v":0}]
[]
[]
[]
[null,null,null,"Step 3.2c: define a suplementary fuel to complete energy demand"]
[]
[null,null,null,null,null,null,null,null,"Capacities (Million L/year)"]
[null,null,null,"Co-firing Options",null,null,null,null,5,25,50,100]
[null,null,null,null,null,null,null,null,{"$f":"+IF(AND(I125=0%,I126=0%),\"Not needed\",\"select a fuel\")","v":"Not needed"},{"$f":"+IF(AND(J125=0%,J126=0%),\"Not needed\",\"select a fuel\")","v":"Not needed"},{"$f":"+IF(AND(K125=0%,K126=0%),\"Not needed\",\"select a fuel\")","v":"Not needed"},{"$f":"+IF(AND(L125=0%,L126=0%),\"Not needed\",\"select a fuel\")","v":"Not needed"}]
[null,null,null,"Suplementary fossil fuel source",null,null,"Unit",null,"Natural Gas","Natural Gas","Natural Gas","Natural Gas"]
[null,null,null,"Calorific Value",null,null,"MJ/kg",null,{"$f":"+IFERROR(VLOOKUP(I$135,GHG_MFS!$Q$261:$T$277,2,FALSE),\"\")","v":48},{"$f":"+IFERROR(VLOOKUP(J$135,GHG_MFS!$Q$261:$T$277,2,FALSE),\"\")","v":48},{"$f":"+IFERROR(VLOOKUP(K$135,GHG_MFS!$Q$261:$T$277,2,FALSE),\"\")","v":48},{"$f":"+IFERROR(VLOOKUP(L$135,GHG_MFS!$Q$261:$T$277,2,FALSE),\"\")","v":48}]
[null,null,null,"Additional Fossil Fuel Demand",null,null,"t/year",null,{"$f":"IF(OR($F$99=\"No Cogeneration\",$F$99=\"Simple\"),R355,R350)","v":{"$error":"#DIV/0!"}},{"$f":"IF(OR($F$99=\"No Cogeneration\",$F$99=\"Simple\"),S355,S350)","v":{"$error":"#DIV/0!"}},{"$f":"IF(OR($F$99=\"No Cogeneration\",$F$99=\"Simple\"),T355,T350)","v":{"$error":"#DIV/0!"}},{"$f":"IF(OR($F$99=\"No Cogeneration\",$F$99=\"Simple\"),U355,U350)","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[null,null,null,"Step 3.2d: Define emission factor for electricity generation"]
[null,null,null,null,null,{"$f":"+IF($F$143=\"USER defined\",TRUE,FALSE)","v":false},null,{"$f":"IF($H$67=2,TRUE,FALSE)","v":false},null,null,{"$f":"+NOT($F$142)","v":true}]
[null,null,null,"Origin of Electricity Emissions",null,"Default by Country","Czech Republic",{"$f":"+IF($K$68,$I$69,$K$69)","v":175},{"$f":"IFERROR(VLOOKUP($G$143,'dummy database'!$A$28:$B$161,2,FALSE),\"\")","v":514},"gCO2/kWh",100,"gCO2/kWh"]
[]
[null,null,null,null,null,null,null,null,"5 ML","25 ML","50 ML","100 ML"]
[null,null,null,"Emissions from additional energy requirement",null,null,"tCO2 eq/year",null,{"$f":"+VLOOKUP(I135,$Q$262:$T$277,4,FALSE)*I137*I136","v":{"$error":"#DIV/0!"}},{"$f":"+VLOOKUP(J135,$Q$262:$T$277,4,FALSE)*J137*J136","v":{"$error":"#DIV/0!"}},{"$f":"+VLOOKUP(K135,$Q$262:$T$277,4,FALSE)*K137*K136","v":{"$error":"#DIV/0!"}},{"$f":"+VLOOKUP(L135,$Q$262:$T$277,4,FALSE)*L137*L136","v":{"$error":"#DIV/0!"}}]
[null,null,null,{"$f":"IF($F$99=\"No Cogeneration\",\"Emissions from additional electricity requirement\",\"Credits from electricity generation\")","v":"Credits from electricity generation"},null,null,"tCO2 eq/year",null,{"$f":"IF($F$99=\"No Cogeneration\",I54,-I122)*IF($F$142,$K$143,$I$143)*1000/1000000","v":{"$error":"#DIV/0!"}},{"$f":"IF($F$99=\"No Cogeneration\",J54,-J122)*IF($F$142,$K$143,$I$143)*1000/1000000","v":{"$error":"#DIV/0!"}},{"$f":"IF($F$99=\"No Cogeneration\",K54,-K122)*IF($F$142,$K$143,$I$143)*1000/1000000","v":{"$error":"#DIV/0!"}},{"$f":"IF($F$99=\"No Cogeneration\",L54,-L122)*IF($F$142,$K$143,$I$143)*1000/1000000","v":{"$error":"#DIV/0!"}}]
[null,null,null,"Total Industrial Emissions",null,null,"tCO2 eq/year",null,{"$f":"+(I146+I147)","v":{"$error":"#DIV/0!"}},{"$f":"+(J146+J147)","v":{"$error":"#DIV/0!"}},{"$f":"+(K146+K147)","v":{"$error":"#DIV/0!"}},{"$f":"+(L146+L147)","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[null,null,null,"Summary of technical and environmental results from cogeneration"]
[null,null,null,null,null,null,null,null,{"$f":"IF(I$154=LARGE($I$154:$L$154,1),4,IF(I$154=LARGE($I$154:$L$154,2),3,IF(I$154=LARGE($I$154:$L$154,3),2,IF(I$154=LARGE($I$154:$L$154,4),1))))","v":{"$error":"#DIV/0!"}},{"$f":"IF(J$154=LARGE($I$154:$L$154,1),4,IF(J$154=LARGE($I$154:$L$154,2),3,IF(J$154=LARGE($I$154:$L$154,3),2,IF(J$154=LARGE($I$154:$L$154,4),1))))","v":{"$error":"#DIV/0!"}},{"$f":"IF(K$154=LARGE($I$154:$L$154,1),4,IF(K$154=LARGE($I$154:$L$154,2),3,IF(K$154=LARGE($I$154:$L$154,3),2,IF(K$154=LARGE($I$154:$L$154,4),1))))","v":{"$error":"#DIV/0!"}},{"$f":"IF(L$154=LARGE($I$154:$L$154,1),4,IF(L$154=LARGE($I$154:$L$154,2),3,IF(L$154=LARGE($I$154:$L$154,3),2,IF(L$154=LARGE($I$154:$L$154,4),1))))","v":{"$error":"#DIV/0!"}}]
[null,null,"Heat (1000 MJ/year)",null,null,"Heat (1000 MJ/year)",null,null,{"$f":"+ABS(I148)","v":{"$error":"#DIV/0!"}},{"$f":"+ABS(J148)","v":{"$error":"#DIV/0!"}},{"$f":"+ABS(K148)","v":{"$error":"#DIV/0!"}},{"$f":"+ABS(L148)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,"Positive","Negative","Size"]
[null,null,"5 ML",null,null,null,1,null,"5 ML",{"$f":"+IF($I$148>0,$I$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+IF($I$148<0,$I$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+$I$153","v":{"$error":"#DIV/0!"}}]
[null,null,"25 ML",null,null,null,1,null,"25 ML",{"$f":"+IF($J$148>0,$J$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+IF($J$148<0,$J$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+$J$153","v":{"$error":"#DIV/0!"}}]
[null,null,"50 ML",null,null,null,1,null,"50 ML",{"$f":"+IF($K$148>0,$K$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+IF($K$148<0,$K$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+$K$153","v":{"$error":"#DIV/0!"}}]
[null,null,"100 ML",null,null,null,1,null,"100 ML",{"$f":"+IF($L$148>0,$L$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+IF($L$148<0,$L$148,NA())","v":{"$error":"#DIV/0!"}},{"$f":"+$L$153","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[null,null,"5 ML",null,null,null,1]
[null,null,"25 ML",null,null,null,1]
[null,null,"50 ML",null,null,null,1]
[null,null,"100 ML",null,null,null,1]
[]
[]
[]
[]
[null,null,null,{"$f":"\"Total GHG Emissions for Ethanol production from \"&'Data Entry Needs'!$G$11&\" \"","v":"Total GHG Emissions for Ethanol production from   "}]
[]
[]
[null,null,null,null,null,null,null,null,"Feedstock Transport",{"$f":"+$F$38","v":"Truck for dry product (Diesel)"},"Residue Transport",{"$f":"+$K$38","v":"Tanker truck MB2318 (Diesel)"}]
[null,null,null,null,"Results expressed in kgCO2eq per liter"]
[null,null,null,{"$f":"\"Comparative emissions of \"&\"gasoline fuel\"","v":"Comparative emissions of gasoline fuel"},null,{"$f":"$T$263*$R$263*$S$263","v":2.7987255950000001},null,null,"Energy Technology",{"$f":"+IF(NOT(D$60),\"Conventional fossil fuel based\",$F$99&\"-\"&$E$101)","v":"Simple-Condensing Turbine"}]
[null,null,null,"Capacities","Scenario 1","Scenario 2","Scenario 3",null,"Fuel Efficiency Utilization Factor"]
[null,null,null,"5 ML",{"$f":"+AI261","v":{"$error":"#DIV/0!"}},{"$f":"+AJ261","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},null,"5 ML","25 ML","50 ML","100 ML"]
[null,null,null,"25 ML",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,{"$f":"+IF(NOT($D$60),I$74&\"  \",$E$20&\" \"&$F$111&IF(AND(I$125=0%,I$126=0%),\" only\",\" & \"&$I$135))","v":"Multifeedstock  only"},{"$f":"+IF(NOT($D$60),J$74&\"  \",$E$20&\" \"&$F$111&IF(AND(J$125=0%,J$126=0%),\" only\",\" & \"&$I$135))","v":"Multifeedstock  only"},{"$f":"+IF(NOT($D$60),K$74&\"  \",$E$20&\" \"&$F$111&IF(AND(K$125=0%,K$126=0%),\" only\",\" & \"&$I$135))","v":"Multifeedstock  only"},{"$f":"+IF(NOT($D$60),L$74&\"  \",$E$20&\" \"&$F$111&IF(AND(L$125=0%,L$126=0%),\" only\",\" & \"&$I$135))","v":"Multifeedstock  only"}]
[null,null,null,"50 ML",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,"100 ML",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,{"$f":"+Y$308","v":{"$error":"#DIV/0!"}},{"$f":"+Z$308","v":{"$error":"#DIV/0!"}},{"$f":"+AA$308","v":{"$error":"#DIV/0!"}},{"$f":"+AB$308","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstock",{"$f":"+'Data Entry Needs'!$G$11","v":" "},null,null,"Cogen Selection",{"$f":"+VLOOKUP($F$99,$Q$254:$T$256,4,FALSE)","v":1},"CH4",21]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"NO2",310]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Emission Factor (KG CO2/MJ)","Fuel efficiency (MJ/t.km)","Transport exhaust gas emissions (gCH4/t.km)","Transport exhaust gas emissions (gN2O/t.km)","tCO2eq/tkm"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Truck for liquids (Diesel)",7.5390899999999997E-2,1.008,5.0000000000000001E-3,0,{"$f":"+R239*S239/1000+T239*$X$235/1000000+U239*$X$236/1000000","v":7.6099027199999988E-5}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Truck for dry product (Diesel)",7.5390899999999997E-2,2.0122857142857145,5.0000000000000001E-3,0,{"$f":"+R240*S240/1000+T240*$X$235/1000000+U240*$X$236/1000000","v":1.5181303105714288E-4}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ocean bulk carrier ",7.0985000000000006E-2,0.20358000000000001,2.9999999999999997E-4,7.2000000000000005E-4,1.4680626300000002E-5]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ship /product tanker 50kt ",7.0985000000000006E-2,0.12384000000000001,0,0,8.7907824000000011E-6]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Local (10 km) pipeline",0,0,0,0,0]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Rail ",{"$f":"AVERAGE(T274:T276)","v":2.5185185185185185E-2},0.21,0,0,5.2888888888888889E-6]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Truck for FFB transport (Diesel)",7.5390899999999997E-2,2.0122857142857145,5.0000000000000001E-3,0,1.5181303105714288E-4,null,0.63,"Boiler for heating"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Tanker truck MB2318 (Diesel)",7.5390899999999997E-2,2.16,0,0,1.62844344E-4,null,0.2,"Boiler for electricity"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Tanker truck with water cannons(Diesel)",7.5390899999999997E-2,0.93600000000000005,0,0,7.0565882400000005E-5]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Dumpster truck MB2213 for filter mud transport",7.5390899999999997E-2,3.6,0,0,2.7140724E-4]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Output calculated using formulas presented in: ",null,"http://www.epa.gov/chp/basic/methods.html"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Cogeneration",null,null,"Number ","Thermal Efficiency","Electric efficiency"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Please select","Technolgy","Product",0,0.2,0.2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Simple","Condensing Turbine","Power Only",1,0.2,0.2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Semi-Advanced","\nBack-pressure Steam Turbine","Heat and Power",2,0.63,0.2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Advanced","BIGCC (Biomass Gasification Combined Cycle)","Heat and Power",3,0.71,0.3]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Options"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Please select"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Option 1",null,null,null,null,null,null,null,null,null,null,"SC1","SC2","SC3",null,null,null,"TOTAL"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Option 2",null,null,null,null,null,null,null,null,null,null,"Feedstock Production","Feedstock Production","Feedstock Production","Feedstock Transportation","Biofuel Production","Residues Transportation",null,"SC1","SC2","SC3"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Fuel","Calorific Value (MJ/Kg)","Density (kg/L)","kg CO2e/MJ",null,null,null,null,null,null,5,{"$f":"+E25","v":{"$error":"#DIV/0!"}},{"$f":"+F25","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"+$G42","v":{"$error":"#DIV/0!"}},{"$f":"+IF($D$60,I$148,I$79)","v":{"$error":"#DIV/0!"}},{"$f":"+$L42","v":{"$error":"#DIV/0!"}},5000000,{"$f":"+(AB261+$AE261+$AF$261+$AG261)*1000/$AH261","v":{"$error":"#DIV/0!"}},{"$f":"+(AC261+$AE261+$AF$261+$AG261)*1000/$AH261","v":{"$error":"#DIV/0!"}},{"$f":"+(AD261+$AE261+$AF$261+$AG261)*1000/$AH261","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Please Select",null,null,null,null,null,null,null,null,null,25,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+$G43","v":{"$error":"#DIV/0!"}},{"$f":"+IF($D$60,J$148,J$79)","v":{"$error":"#DIV/0!"}},{"$f":"+$L43","v":{"$error":"#DIV/0!"}},25000000,{"$f":"+(AB262+$AE262+$AF262+$AG262)*1000/$AH262","v":{"$error":"#DIV/0!"}},{"$f":"+(AC262+$AE262+$AF262+$AG262)*1000/$AH262","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Gasoline",44.3,0.89,7.0985000000000006E-2,null,null,null,null,null,null,50,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+$G44","v":{"$error":"#DIV/0!"}},{"$f":"+IF($D$60,K$148,K$79)","v":{"$error":"#DIV/0!"}},{"$f":"+$L44","v":{"$error":"#DIV/0!"}},50000000,{"$f":"+(AB263+$AE263+$AF263+$AG263)*1000/$AH263","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Diesel Oil",43,0.73721999999999999,7.5390899999999997E-2,null,null,null,null,null,null,100,{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+$G45","v":{"$error":"#DIV/0!"}},{"$f":"+IF($D$60,L$148,L$79)","v":{"$error":"#DIV/0!"}},{"$f":"+$L45","v":{"$error":"#DIV/0!"}},100000000,{"$f":"+(AB264+$AE264+$AF264+$AG264)*1000/$AH264","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Waste Oil / Lubrificants",40.200000000000003,0.95,7.4590899999999988E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"LPG",47.3,0.54500000000000004,6.4463999999999994E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Natural Gas",48,0.65,{"$f":"0.0156","v":1.5599999999999999E-2}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Peat",9.76,0.68235294117647061,4.86E-4]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Butane",45.27677203684572,2,1.9480010617414268E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Propane",46.295535660398848,1.92,1.7257603537859503E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Methanol",20.093562745097504,0.79179999999999995,8.6423182179058061E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",26.95163409308779,0.78900000000000003,4.2277931942379249E-3]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Biodiesel",{"$f":"35.7/0.88","v":40.56818181818182},0.88,4.2590356310978073E-3]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Other bituminous coal",22.7322030001394,0,2.3333333333333334E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sub bituminous coal",26.121512445062798,0,2.5833333333333333E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignite brown coal",28.610197070281195,0,2.6388888888888889E-2]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Wood",19.551069237418005,0,5.1966467289447192E-7]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Please select",1,"Steam @10 Bar",2013.56,"MJ/t"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstock",2,"syngas yield",3.29,"m3/kg biomass","Assuming optimal conditions","Peres, A., B. H. Lunelli, et al. (2013). \"Application of biomass to hydrogen and syngas production.\" Chemical Engineering Transactions 32: 589-594."]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Product",3,"Density Syngas",0.95,"Kg/m3"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Calorific Value ",9,"MJ/m3","Cogeneration plant using o2 as oxygenant","http://scialert.net/fulltext/?doi=ajsr.2013.187.196&org=11"]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total Emissions"]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Step 1 - Feedstock"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"tCO2eq/year",null,null,null,null,null,null,5,25,50,100]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 1","Scenario 2","Scenario 3",null,null,null,"Fuel Utilization Efficiency",{"$f":"IF(NOT($D$60),(I$54*3.6+I$53)/(I$76*I$75),(I$122*3.6+I$119)/($F$113*I116+I$136*I$137))","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($D$60),(J$54*3.6+J$53)/(J$76*J$75),(J$122*3.6+J$119)/($F$113*J116+J$136*J$137))","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($D$60),(K$54*3.6+K$53)/(K$76*K$75),(K$122*3.6+K$119)/($F$113*K116+K$136*K$137))","v":{"$error":"#DIV/0!"}},{"$f":"IF(NOT($D$60),(L$54*3.6+L$53)/(L$76*L$75),(L$122*3.6+L$119)/($F$113*L116+L$136*L$137))","v":{"$error":"#DIV/0!"}},"http://www.colpan.org/publications/thesis/MSc.pdf"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"5 ML",{"$f":"E25","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"25 ML",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"50 ML",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"100ML",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IFERROR(IF(SUM(R316:R319)>0,\"Sc1+\",\"\"),\"\")","v":""},{"$f":"IFERROR(IF(SUM(S316:S319)<0,\"Sc1-\",\"\"),\"\")","v":""},{"$f":"IFERROR(IF(SUM(T316:T319)>0,\"Sc2+\",\"\"),\"\")","v":""},{"$f":"IFERROR(IF(SUM(U316:U319)<0,\"Sc2-\",\"\"),\"\")","v":""},{"$f":"IFERROR(IF(SUM(V316:V319)>0,\"Sc3+\",\"\"),\"\")","v":""},{"$f":"IFERROR(IF(SUM(W316:W319)<0,\"Sc3-\",\"\"),\"\")","v":""}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"5 ML",{"$f":"+IF($R309>0,$R309,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($R309<0,$R309,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S309>0,$S309,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S309<0,$S309,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T309>0,$T309,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T309<0,$T309,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"25 ML",{"$f":"+IF($R310>0,$R310,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($R310<0,$R310,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S310>0,$S310,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S310<0,$S310,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T310>0,$T310,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T310<0,$T310,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"50 ML",{"$f":"+IF($R311>0,$R311,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($R311<0,$R311,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S311>0,$S311,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S311<0,$S311,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T311>0,$T311,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T311<0,$T311,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"100ML",{"$f":"+IF($R312>0,$R312,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($R312<0,$R312,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S312>0,$S312,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($S312<0,$S312,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T312>0,$T312,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($T312<0,$T312,\"\")","v":{"$error":"#DIV/0!"}}]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Step 2 - Transport"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"operating hours per year",{"$f":"'Data Entry Needs'!$G$43*24","v":0},"h/y"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstock Transport","Transport",null,null,"Processing Residue","Transport type",null,"_MFS","Feedstock type","Pretreatment Technology",null,null,null,"Solids available for cogeneration"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Barley straw","Truck for dry product (Diesel)",null,"Barley straw","Sludge","Tanker truck MB2318 (Diesel)",null,"residue production",null,{"$f":"Allocator!$D$4","v":"DA"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Maize stover","Truck for dry product (Diesel)",null,"Maize stover","Sludge","Tanker truck MB2318 (Diesel)",null,"AJ","AL","AN","AP",null,null,"AI","AK","AM","AO"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Oat straw","Truck for dry product (Diesel)",null,"Oat straw","Sludge","Tanker truck MB2318 (Diesel)",null,"5ML","25ML","50ML","100ML",null,null,"5ML","25ML","50ML","100ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Rice straw","Truck for dry product (Diesel)",null,"Rice straw","Sludge","Tanker truck MB2318 (Diesel)",null,"ktonne/year","ktonne/year","ktonne/year","ktonne/year",null,null,"ktonne/year","ktonne/year","ktonne/year","ktonne/year"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sorghum straw","Truck for dry product (Diesel)",null,"Sorghum straw","Sludge","Tanker truck MB2318 (Diesel)",null,{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&X$326&38)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&Y$326&38)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&Z$326&38)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AA$326&38)","v":{"$error":"#DIV/0!"}},null,"Lignin",{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AD$326&43)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AE$326&43)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AF$326&43)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AG$326&43)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Wheat straw","Truck for dry product (Diesel)",null,"Wheat straw","Sludge","Tanker truck MB2318 (Diesel)",null,null,null,null,null,null,"Yeast",{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AD$326&44)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AE$326&44)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AF$326&44)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AG$326&44)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sugarcane bagasse","Truck for dry product (Diesel)",null,"Sugarcane bagasse","Sludge","Tanker truck MB2318 (Diesel)",null,"Energy consumption before integration with cogeneration system",null,null,null,null,"Total",{"$f":"SUM(AD329:AD330)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AE329:AE330)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AF329:AF330)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AG329:AG330)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Oil palm empty fruit bunch","Truck for dry product (Diesel)",null,"Oil palm empty fruit bunch","Sludge","Tanker truck MB2318 (Diesel)",null,"Steam required - MJ/h",{"$f":"INDIRECT((\"B_\"&$Z$325&X324&\"!AB25\"))","v":269000},"Steam - MJ/L",{"$f":"Y332/Y334","v":{"$error":"#DIV/0!"}},null,"Average Heating Value",{"$f":"INDIRECT((\"B_\"&$Z$325&X324&\"!j103\"))","v":{"$error":"#DIV/0!"}},"MJ/kg"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Spruce forest residues","Truck for dry product (Diesel)",null,"Spruce forest residues","Sludge","Tanker truck MB2318 (Diesel)",null,"Electricity required -kWh/h",{"$f":"INDIRECT((\"B_\"&$Z$325&X324&\"!AB26\"))","v":19000},"Electricity - kWh/L",{"$f":"Y333/Y334","v":{"$error":"#DIV/0!"}},null,null,"Energy cogenerated"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Miscanthus giganteus","Truck for dry product (Diesel)",null,"Miscanthus giganteus","Sludge","Tanker truck MB2318 (Diesel)",null,"Ethanol produced - L/h",{"$f":"INDIRECT((\"B_\"&$Z$325&X324&\"!P72\"))","v":0},null,null,null,null,"AI","AJ","AK","AL"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Napier grass","Truck for dry product (Diesel)",null,"Napier grass","Sludge","Tanker truck MB2318 (Diesel)",null,null,null,null,null,null,null,"5ML","25ML","50ML","100ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Arundo donax","Truck for dry product (Diesel)",null,"Arundo donax","Sludge","Tanker truck MB2318 (Diesel)",null,"5ML","25ML","50ML","100ML",null,"Electricity - kW",{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AD$334&81)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AE$334&81)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AF$334&81)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AG$334&81)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Switchgrass","Truck for dry product (Diesel)",null,"Switchgrass","Sludge","Tanker truck MB2318 (Diesel)",null,5,25,50,100,null,"Steam - MW",{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AD$334&82)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AE$334&82)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AF$334&82)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AG$334&82)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Willow","Truck for dry product (Diesel)",null,"Willow","Sludge","Tanker truck MB2318 (Diesel)","Steam - 1000 MJ/y",{"$f":"$AA$332*X337*1000000/1000","v":{"$error":"#DIV/0!"}},{"$f":"$AA$332*Y337*1000000/1000","v":{"$error":"#DIV/0!"}},{"$f":"$AA$332*Z337*1000000/1000","v":{"$error":"#DIV/0!"}},{"$f":"$AA$332*AA337*1000000/1000","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Poplar","Truck for dry product (Diesel)",null,"Poplar","Sludge","Tanker truck MB2318 (Diesel)","Electricity - 1000 kWh/y",{"$f":"$AA$333*X337*1000000/1000","v":{"$error":"#DIV/0!"}},{"$f":"$AA$333*Y337*1000000/1000","v":{"$error":"#DIV/0!"}},{"$f":"$AA$333*Z337*1000000/1000","v":{"$error":"#DIV/0!"}},{"$f":"$AA$333*AA337*1000000/1000","v":{"$error":"#DIV/0!"}},null,"Electricity - 1000 kWh/y",{"$f":"AD336*3600*$AD$323/(1000*3.6*1000)","v":{"$error":"#DIV/0!"}},{"$f":"AE336*3600*$AD$323/(1000*3.6*1000)","v":{"$error":"#DIV/0!"}},{"$f":"AF336*3600*$AD$323/(1000*3.6*1000)","v":{"$error":"#DIV/0!"}},{"$f":"AG336*3600*$AD$323/(1000*3.6*1000)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Spruce","Truck for dry product (Diesel)",null,"Spruce","Sludge","Tanker truck MB2318 (Diesel)",null,null,null,null,null,null,"Steam - 1000 MJ/y",{"$f":"AD337*3600*$AD$323/1000","v":{"$error":"#DIV/0!"}},{"$f":"AE337*3600*$AD$323/1000","v":{"$error":"#DIV/0!"}},{"$f":"AF337*3600*$AD$323/1000","v":{"$error":"#DIV/0!"}},{"$f":"AG337*3600*$AD$323/1000","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Multifeedstock","Truck for dry product (Diesel)",null,"Multifeedstock","Sludge","Tanker truck MB2318 (Diesel)"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"energy supplied","AI","AJ","AK","AL"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Cogeneration fossil energy",null,null,null,null,null,null,"5ML","25ML","50ML","100ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Electrical efficiency",{"$f":"Allocator!$J$24","v":0.2},null,null,null,null,null,5,25,50,100]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Thermal Efficiency",{"$f":"Allocator!$J$25","v":0.2},null,null,null,null,"Electricity Supplied (%)",{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&X$342&83)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&Y$342&83)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&Z$342&83)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AA$342&83)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"(R345-R344)/(1-(R344/Allocator!$I$15))","v":0},null,null,null,null,"Steam Supplied (%)",{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&X$342&84)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&Y$342&84)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&Z$342&84)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$Z$325&$X$324&\"!\"&AA$342&84)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"5ML","25ML","50ML","100ML",null,"For figures",1,1,1,1]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Electricity required - MJ/year",{"$f":"(I126*I54*1000*3.6)","v":{"$error":"#DIV/0!"}},{"$f":"(J126*J54*1000*3.6)","v":{"$error":"#DIV/0!"}},{"$f":"(K126*K54*1000*3.6)","v":{"$error":"#DIV/0!"}},{"$f":"(L126*L54*1000*3.6)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Fuel required - MJ/year",{"$f":"R348/($R$345-$R$346)","v":{"$error":"#DIV/0!"}},{"$f":"S348/($R$345-$R$346)","v":{"$error":"#DIV/0!"}},{"$f":"T348/($R$345-$R$346)","v":{"$error":"#DIV/0!"}},{"$f":"U348/($R$345-$R$346)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Fuel required - t/year",{"$f":"R349/(I136*1000)","v":{"$error":"#DIV/0!"}},{"$f":"S349/(J136*1000)","v":{"$error":"#DIV/0!"}},{"$f":"T349/(K136*1000)","v":{"$error":"#DIV/0!"}},{"$f":"U349/(L136*1000)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"5ML","25ML","50ML","100ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Extra steam required - MJ/year",{"$f":"I125*I53*1000","v":{"$error":"#DIV/0!"}},{"$f":"J125*J53*1000","v":{"$error":"#DIV/0!"}},{"$f":"K125*K53*1000","v":{"$error":"#DIV/0!"}},{"$f":"L125*L53*1000","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Fuel required - MJ/year",{"$f":"R353/0.63","v":{"$error":"#DIV/0!"}},{"$f":"S353/0.63","v":{"$error":"#DIV/0!"}},{"$f":"T353/0.63","v":{"$error":"#DIV/0!"}},{"$f":"U353/0.63","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Fuel required - tonne/year",{"$f":"R354/(I136*1000)","v":{"$error":"#DIV/0!"}},{"$f":"S354/(J136*1000)","v":{"$error":"#DIV/0!"}},{"$f":"T354/(K136*1000)","v":{"$error":"#DIV/0!"}},{"$f":"U354/(L136*1000)","v":{"$error":"#DIV/0!"}}]
[]
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[null,null,null,null,null,null,null,null,null,null,null,true]

{"sheet":"Summary of results-multifs","index":87,"n_rows":379,"n_cols":45,"rows_kept":379,"cut":false,"hidden":true,"merged":[[12,2,12,9],[14,2,14,8],[14,10,14,16],[14,18,14,20],[16,2,16,8],[16,10,16,16],[2,2,2,20],[7,2,7,7],[7,8,7,14],[7,15,7,20],[8,2,8,7],[8,8,8,14],[8,15,8,20],[66,16,66,20],[22,2,22,8],[22,10,22,16],[28,2,28,8],[28,10,28,16],[35,2,35,9],[53,2,53,5],[53,7,53,12],[53,16,53,19],[54,7,54,14],[55,7,55,14],[56,7,56,14],[57,7,57,14],[60,16,63,20],[77,2,77,6],[77,14,77,16],[96,2,96,6],[96,14,96,18],[98,5,98,6],[98,7,98,8],[98,9,98,12],[106,2,119,2],[107,14,107,15],[107,16,107,18],[107,19,107,20],[100,4,100,8],[100,9,100,10],[100,11,100,12],[104,2,104,3],[104,5,104,7],[104,9,104,11],[117,17,117,18],[118,14,118,20],[109,14,109,18],[110,14,110,20],[111,14,111,15],[112,17,112,18],[121,2,128,2],[122,14,122,15],[122,17,122,18],[123,14,123,15],[123,17,123,18],[124,14,124,15],[124,17,124,18],[126,14,126,16],[121,14,121,15],[128,14,129,20]]}
[{"$f":"+VLOOKUP(AE145,'dummy database'!$A$1:$B$27,2,FALSE)","v":{"$error":"#N/A"}},null,null,null,null,null,null,null,null,null,null,null,null,null,null,0.1]
[]
[null,null,{"$f":"+UPPER(\" Summary of results for Ethanol Production from Multifeedstock\")","v":" SUMMARY OF RESULTS FOR ETHANOL PRODUCTION FROM MULTIFEEDSTOCK"}]
[]
[]
[null,null,"Feeedstock Selection",null,null,"Multifeedstock"]
[]
[null,null,"Include Scenario 1 (Own Production)",null,null,null,null,null,"Include Scenario 2 (Mixed)",null,null,null,null,null,null,"Include Scenario 3 (Outgrowers)"]
[null,null,{"$f":"+\"Price of \"&$AE$145&\" = \"&ROUND($AI$145,2)&\" (USD/t)\"","v":{"$error":"#DIV/0!"}},null,null,null,null,null,{"$f":"+\"Price of \"&$AE$145&\" = \"&ROUND($AI$146,2)&\" (USD/t)\"","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,{"$f":"+\"Price of \"&$AE$145&\" = \"&ROUND($AI$147,2)&\" (USD/t)\"","v":{"$error":"#DIV/0!"}}]
[]
[null,null,"Production Cost and Investments"]
[]
[null,null,"Subtract revenues from co-products"]
[]
[null,null,{"$f":"$AC$173","v":"Comparison of production cost with fossil fuel price - Net exporter option (USD/l gasoline equivalent)"},null,null,null,null,null,null,null,{"$f":"$AC$174","v":"Comparison of production cost with biofuel price - Net exporter option (USD/l ethanol)"},null,null,null,null,null,null,null,{"$f":"IF($AJ$174=1,\"Total Investment Ethanol and Cogeneration Plant (million USD)\",\"Total Investment Ethanol Plant (million USD)\")","v":"Total Investment Ethanol and Cogeneration Plant (million USD)"}]
[]
[null,null," Scenario 1 (Own Production)",null,null,null,null,null,null,null," Scenario 1 (Own Production)"]
[]
[]
[]
[]
[]
[null,null,"Scenario 2 (Mixed)",null,null,null,null,null,null,null,"Scenario 2 (Mixed)"]
[]
[]
[]
[]
[]
[null,null,"Scenario 3 (Outgrowers)",null,null,null,null,null,null,null,"Scenario 3 (Outgrowers)"]
[]
[]
[]
[]
[]
[]
[null,null,"Share of production costs under different scenarios"]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,"Operating Results"]
[]
[null,null,"Feedstock requirement per plant",null,null,null,null,"Number of plants potentially supplied",null,null,null,null,null,null,null,null,{"$f":"+\"Maximum attainable \"&$AG$146&\" production\"","v":"Maximum attainable  production"}]
[null,null,null,null,null,null,null,{"$f":"+(IF($AA$255<1,\"Not enough biomass available for 5 ML capacity. Then potential number of plants is zero\",\"The maximum number of plants potentially available for 5 ML capacity is \"&ROUND($AA$255,0)))","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,{"$f":"+(IF($AB$255<1,\"Not enough biomass available for 25 ML capacity. Then potential number of plants is zero\",\"The maximum number of plants potentially available for 25 ML capacity is \"&ROUND($AB$255,0)))","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,{"$f":"+(IF($AC$255<1,\"Not enough biomass available for 50 ML capacity. Then potential number of plants is zero\",\"The maximum number of plants potentially available for 50 ML capacity is \"&ROUND($AC$255,0)))","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,{"$f":"+(IF($AD$255<1,\"Not enough biomass available for 100 ML capacity. Then potential number of plants is zero\",\"The maximum number of plants potentially available for 100 ML capacity is \"&ROUND($AD$255,0)))","v":{"$error":"#DIV/0!"}}]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF(SUM($AA$255:$AD$255)=0,\"The defined available \"&LOWER($AE$145 )&\" production is not enough to supply at least one plant size. Consequently, it is not possible to cover the current \"&LOWER($AA$258)&\".\",\"The maximum attainable production of \"&$AG$146&\" from the available \"&LOWER($AE$145)&\" biomass is \"&ROUND($AC$259,0)&\" ML/year. It is able to cover \"&ROUND($AB$259,3)*100&\"%\"&\" of \"&ROUND($AC$258,0)&\" ML/year \"&LOWER($AA$258)&\" required by \"&$AA$260&AB260&\" blending mandate.\")","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+\"Number of jobs in \"&$AG$146&\" processing\"","v":"Number of jobs in  processing"}]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,"Financial Analysis"]
[]
[null,null,"Net Present Value (million USD/year)",null,null,null,null,null,null,null,null,null,null,null,"Internal Rate of Return (%)"]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,"GHG Analysis"]
[]
[null,null,"GHG Emissions and Projected Savings",null,null,null,null,null,null,null,null,null,null,null,"GHG Share of Contrinution to Emissions"]
[]
[null,null,"Unit basis for emissions",null,null,null,null,null,null,{"$f":"\"Minimum savings required. Compared to\"&\" \"&$AD$173&\" fuel\"","v":"Minimum savings required. Compared to Gasoline fuel"}]
[]
[null,null,"Emissions Regulation",null,"EU-Renewable Energy Directive (RED)",null,null,null,null,{"$f":"+VLOOKUP($E$101,$AL$304:$AM$306,2,FALSE)","v":0.35},null,0.22]
[]
[null,null,"Allocation Rule",null,"Mass Balance"]
[]
[null,null,{"$f":"+$AF$367&\" \"&\"Fuel\"","v":"Ethanol Fuel"},null,{"$f":"$AM$367","v":1},{"$f":"+$AF$368","v":"Lignin "},null,null,0]
[]
[null,null,{"$f":"IF($AG$326=1,\"Product Basis (kgCO2eq/L)\",\"Energy Basis (gCO2eq/MJ)\")","v":"Product Basis (kgCO2eq/L)"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstock",null,"Transport Feedstock & Residues",null,null,"Biofuel Processing"]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Summary of Cogeneration Results"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Cogeneration Performance"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Technology",null,{"$f":"AM176","v":"Simple: Condensing Turbine"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"5 ML","25 ML",null,"50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Electricity Capacity (kW)",null,{"$f":"+IF($AJ$174=1,AJ180,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($AJ$174=1,AK180,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($AJ$174=1,AK180,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($AJ$174=1,AL180,\"\")","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Heat Capacity (MW)",null,{"$f":"+IF($AJ$174=1,AJ181,\"\")","v":{"$error":"#DIV/0!"}},null,{"$f":"+IF($AJ$174=1,AK181,\"\")","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant Electricity Demand Supplied",null,{"$f":"+IF($AJ$174=1,AJ182,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($AJ$174=1,AK182,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($AJ$174=1,AK182,\"\")","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,"yes"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant Heat Demand Supplied",null,{"$f":"+IF($AJ$174=1,AJ183,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($AJ$174=1,AK183,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($AJ$174=1,AK183,\"\")","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Elec. Surplus (% of total produced)",null,{"$f":"+IF($AJ$174=1,AJ184,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($AJ$174=1,AK184,\"\")","v":{"$error":"#DIV/0!"}},null,{"$f":"+IF($AJ$174=1,AL184,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($AJ$174=1,AM184,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+IF($AJ$174=1,\"Cost of Cogeneration System\",\"No Economic Benefits from Cogeneration Obtained\")","v":"Cost of Cogeneration System"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"5 ML",null,"25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Investment (million USD)",null,{"$f":"+IF($AJ$174=1,AJ188,\"\")","v":0},null,{"$f":"+IF($AJ$174=1,AK188,\"\")","v":0},{"$f":"+IF($AJ$174=1,AL188,\"\")","v":0},{"$f":"+IF($AJ$174=1,AM188,\"\")","v":0}]
[null,null,"Average GHG Savings",null,null,null,null,null,null,null,null,null,null,null,"Energy Cost Avoided (USD/year)",null,{"$f":"+IF($AJ$174=1,AJ207,\"\")","v":{"$error":"#DIV/0!"}},null,{"$f":"+IF($AJ$174=1,AK207,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($AJ$174=1,AL207,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($AJ$174=1,AM207,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Energy Cost Avoided (USD/L EtOH)",null,{"$f":"+IF($AJ$174=1,AJ208,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($AJ$174=1,AK208,\"\")","v":{"$error":"#DIV/0!"}},null,{"$f":"+IF($AJ$174=1,AL208,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($AJ$174=1,AM208,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Revenue Electricity Selling (USD/year)",null,{"$f":"+IF($AJ$174=1,AJ212,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($AJ$174=1,AK212,\"\")","v":{"$error":"#DIV/0!"}},null,{"$f":"+IF($AJ$174=1,AL212,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($AJ$174=1,AM212,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Revenue Electricity Selling (USD/L EtOH)",null,{"$f":"+IF($AJ$174=1,AJ213,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($AJ$174=1,AK213,\"\")","v":{"$error":"#DIV/0!"}},null,{"$f":"+IF($AJ$174=1,AL213,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($AJ$174=1,AM213,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,0]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF($AJ$174=1,\"Energy cost avoided, revenue from electricty surplus and addtional investment are included in production costs, financial assessment and GHG calculations\",\"Energy cost avoided, revenue from electricty surplus and addtional investment are NOT included in production costs, financial assessment and GHG calculations\")","v":"Energy cost avoided, revenue from electricty surplus and addtional investment are included in production costs, financial assessment and GHG calculations"}]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+F6","v":"Multifeedstock"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Selection","Multifeedstock","MFS",null,"Sc1",{"$f":"INDIRECT(\"COST_MFS!C29\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Biofuel Conversion",{"$f":"Allocator!$C$17","v":0},"L/t",null,"Sc2",{"$f":"INDIRECT(\"COST_MFS!f29\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"\"Ethanol Demand\"","v":"Ethanol Demand"},{"$f":"'Biofuel Demand'!$D$23","v":0},null,null,"Sc3",{"$f":"INDIRECT(\"COST_MFS!j29\")","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"NPV"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"List of production cost","g","i","k","m",null,null,null,null,5,25,50,100]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"USD/year","5 ML","25 ML","50 ML","100 ML",null,null,null,null,"5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sc1","Feedstock",{"$f":"INDIRECT(\"COST_MFS!\"&AA$152&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AB$152&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AC$152&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AD$152&42)","v":{"$error":"#DIV/0!"}},null,null,1,"Sc1",{"$f":"+INDIRECT(\"FA\"&AI$152&\"_MFS_SC\"&$AG154&\"!c109\")","v":{"$error":"#DIV/0!"}},{"$f":"+INDIRECT(\"FA\"&AJ$152&\"_MFS_SC\"&$AG154&\"!c109\")","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sc2","Feedstock",{"$f":"INDIRECT(\"COST_MFS!\"&AA$152&44)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AB$152&44)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AC$152&44)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AD$152&44)","v":{"$error":"#DIV/0!"}},null,null,2,"Sc2",{"$f":"+INDIRECT(\"FA\"&AI$152&\"_MFS_SC\"&$AG155&\"!c109\")","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sc3","Feedstock",{"$f":"INDIRECT(\"COST_MFS!\"&AA$152&43)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AB$152&43)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AC$152&43)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AD$152&43)","v":{"$error":"#DIV/0!"}},null,null,3,"Sc3",{"$f":"+INDIRECT(\"FA\"&AI$152&\"_MFS_SC\"&$AG156&\"!c109\")","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Other chem. inputs",{"$f":"INDIRECT(\"COST_MFS!\"&AA$152&53)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AB$152&53)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AC$152&53)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AD$152&53)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Energy",{"$f":"INDIRECT(\"COST_MFS!\"&AA$152&59)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AB$152&59)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AC$152&59)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AD$152&59)","v":{"$error":"#DIV/0!"}},null,null,null,null,"IRR"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Labour and miscellaneous costs",{"$f":"INDIRECT(\"COST_MFS!\"&AA$152&66)","v":0},{"$f":"INDIRECT(\"COST_MFS!\"&AB$152&66)","v":0},{"$f":"INDIRECT(\"COST_MFS!\"&AC$152&66)","v":0},{"$f":"INDIRECT(\"COST_MFS!\"&AD$152&66)","v":0},null,null,null,null,5,25,50,100]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Transport",{"$f":"INDIRECT(\"COST_MFS!\"&AA$152&72)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AB$152&72)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AC$152&72)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AD$152&72)","v":{"$error":"#DIV/0!"}},null,null,null,null,"5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Storage",{"$f":"INDIRECT(\"COST_MFS!\"&AA$152&88)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AB$152&88)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AC$152&88)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AD$152&88)","v":{"$error":"#DIV/0!"}},null,null,1,"Sc1",{"$f":"+INDIRECT(\"FA\"&AI$152&\"_MFS_SC\"&$AG161&\"!c110\")","v":{"$error":"#DIV/0!"}},{"$f":"+INDIRECT(\"FA\"&AJ$152&\"_MFS_SC\"&$AG161&\"!c110\")","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Co-products revenues conditional",null,"Other costs",{"$f":"INDIRECT(\"COST_MFS!\"&AA$152&95)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AB$152&95)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AC$152&95)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AD$152&95)","v":{"$error":"#DIV/0!"}},null,null,2,"Sc2",{"$f":"+INDIRECT(\"FA\"&AI$152&\"_MFS_SC\"&$AG162&\"!c110\")","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,true,null,"Depreciation & maintenance",{"$f":"INDIRECT(\"COST_MFS!\"&AA$152&82)","v":1785400},{"$f":"INDIRECT(\"COST_MFS!\"&AB$152&82)","v":4689250},{"$f":"INDIRECT(\"COST_MFS!\"&AC$152&82)","v":7107500},{"$f":"INDIRECT(\"COST_MFS!\"&AD$152&82)","v":10773000},null,null,3,"Sc3",{"$f":"+INDIRECT(\"FA\"&AI$152&\"_MFS_SC\"&$AG163&\"!c110\")","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"IF(X163,1,0)","v":1},null,"Co-Products Revenues",{"$f":"-INDIRECT(\"COST_MFS!\"&AA$152&103)*$X$164","v":0},{"$f":"-INDIRECT(\"COST_MFS!\"&AB$152&103)*$X$164","v":0},{"$f":"-INDIRECT(\"COST_MFS!\"&AC$152&103)*$X$164","v":0},{"$f":"-INDIRECT(\"COST_MFS!\"&AD$152&103)*$X$164","v":0}]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Production costs total (USD/y)","5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 1",{"$f":"AA154+SUM($AA$157:$AA$164)","v":{"$error":"#DIV/0!"}},{"$f":"AB154+SUM(AB157:AB164)","v":{"$error":"#DIV/0!"}},{"$f":"AC154+SUM(AC157:AC164)","v":{"$error":"#DIV/0!"}},{"$f":"AD154+SUM(AD157:AD164)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 2",{"$f":"AA155+SUM(AA157:AA164)","v":{"$error":"#DIV/0!"}},{"$f":"AB155+SUM(AB157:AB164)","v":{"$error":"#DIV/0!"}},{"$f":"AC155+SUM(AC157:AC164)","v":{"$error":"#DIV/0!"}},{"$f":"AD155+SUM(AD157:AD164)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 3",{"$f":"AA156+SUM(AA157:AA164)","v":{"$error":"#DIV/0!"}},{"$f":"AB156+SUM(AB157:AB164)","v":{"$error":"#DIV/0!"}},{"$f":"AC156+SUM(AC157:AC164)","v":{"$error":"#DIV/0!"}},{"$f":"AD156+SUM(AD157:AD164)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Titles of figures of production Costs"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+'Data Entry Needs'!$T212","v":"fossil fuel"},{"$f":"+'Data Entry Needs'!$U212","v":"Net exporter"},{"$f":"+'Data Entry Needs'!$V212","v":true},{"$f":"\"USD/l gasoline equivalent\"","v":"USD/l gasoline equivalent"},{"$f":"+\"Comparison of production cost with \"&$Y173&\" price - \"&$Z173&\" option (\"&$AB173&\")\"","v":"Comparison of production cost with fossil fuel price - Net exporter option (USD/l gasoline equivalent)"},{"$f":"\"Gasoline\"","v":"Gasoline"},{"$f":"+IF(Z173=\"net exporter\",\"FGP price\",\"FOB price\")","v":"FGP price"},{"$f":"+IF(AND(VLOOKUP(Y173&Z173,'Data Entry Needs'!$P$217:$R$225,3,FALSE)=1,'Data Entry Needs'!$V$215),\"+ Transport\",IF(AND(VLOOKUP(Y173&Z173,'Data Entry Needs'!$P$217:$R$225,3,FALSE)=-1,'Data Entry Needs'!$V$215),\"- Transport\",\"\"))","v":""},{"$f":"+VLOOKUP($AD$173,'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+'Data Entry Needs'!$T213","v":"biofuel"},{"$f":"+'Data Entry Needs'!$U213","v":"Net exporter"},{"$f":"+'Data Entry Needs'!$V213","v":true},{"$f":"\"USD/l ethanol\"","v":"USD/l ethanol"},{"$f":"+\"Comparison of production cost with \"&$Y174&\" price - \"&$Z174&\" option (\"&$AB174&\")\"","v":"Comparison of production cost with biofuel price - Net exporter option (USD/l ethanol)"},"Ethanol",{"$f":"+IF(Z174=\"net exporter\",\"FGP price\",\"FOB price\")","v":"FGP price"},{"$f":"+IF(AND(VLOOKUP(Y174&Z174,'Data Entry Needs'!$P$217:$R$225,3,FALSE)=1,'Data Entry Needs'!$V$215),\"+ Transport\",IF(AND(VLOOKUP(Y174&Z174,'Data Entry Needs'!$P$217:$R$225,3,FALSE)=-1,'Data Entry Needs'!$V$215),\"- Transport\",\"\"))","v":""},{"$f":"+VLOOKUP($AD$174,'Data Entry Needs'!$T$217:$X$219,5,FALSE)","v":0},null,"Multiplier for cogeneration",{"$f":"'Data Entry Needs'!$M$26","v":1},"yes"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"no"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Pretreatment Technology","Cogeneration Technology",{"$f":"'Data Entry Needs'!$F$26&\": \" &'Data Entry Needs'!N129","v":"Simple: Condensing Turbine"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Figures of Production costs",null,null,null,null,null,null,null,null,"Technical results cogeneration",null,{"$f":"Allocator!$D$4","v":"DA"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Decision for including/excluding scenarios + including range of uncertainty",null,null,null,null,null,null,null,null,null,"AI","AJ","AK","AL"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 1",true,"Sc1",null,null,null,null,null,null,null,"5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 2",true,"Sc2",null,null,null,null,null,null,"Electricity Capacity (kW)",{"$f":"INDIRECT(\"B_\"&$AK$177&\"_\"&$AF$145&\"!\"&AJ178&81)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$AK$177&\"_\"&$AF$145&\"!\"&AK178&81)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$AK$177&\"_\"&$AF$145&\"!\"&AL178&81)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$AK$177&\"_\"&$AF$145&\"!\"&AM178&81)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 3",true,"Sc3","Conditional range",null,null,null,null,null,"Heat Capacity (MW)",{"$f":"INDIRECT(\"B_\"&$AK$177&\"_\"&$AF$145&\"!\"&AJ178&82)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$AK$177&\"_\"&$AF$145&\"!\"&AK178&82)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$AK$177&\"_\"&$AF$145&\"!\"&AL178&82)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$AK$177&\"_\"&$AF$145&\"!\"&AM178&82)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Range",{"$f":"+IF($P$1=0%,FALSE,TRUE)","v":true},null,{"$f":"IF(AA182,1,0)","v":1},null,null,null,null,null,"Plant Electricity Demand Supplied",{"$f":"INDIRECT(\"B_\"&$AK$177&\"_\"&$AF$145&\"!\"&AJ178&83)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$AK$177&\"_\"&$AF$145&\"!\"&AK178&83)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$AK$177&\"_\"&$AF$145&\"!\"&AL178&83)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$AK$177&\"_\"&$AF$145&\"!\"&AM178&83)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant Heat Demand Supplied",{"$f":"INDIRECT(\"B_\"&$AK$177&\"_\"&$AF$145&\"!\"&AJ178&84)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$AK$177&\"_\"&$AF$145&\"!\"&AK178&84)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$AK$177&\"_\"&$AF$145&\"!\"&AL178&84)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$AK$177&\"_\"&$AF$145&\"!\"&AM178&84)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Figure production cost of ethanol (USD/L)",null,"5 ML","25 ML","50 ML","100 ML",null,null,null,null,"Electricity Surplus (% of total produced)",{"$f":"INDIRECT(\"B_\"&$AK$177&\"_\"&$AF$145&\"!\"&AJ178&85)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$AK$177&\"_\"&$AF$145&\"!\"&AK178&85)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$AK$177&\"_\"&$AF$145&\"!\"&AL178&85)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"B_\"&$AK$177&\"_\"&$AF$145&\"!\"&AM178&85)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Production capacity - ML/y",5,25,50,100]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Production capacity - Liters/y",{"$f":"AA185*1000000","v":5000000},{"$f":"AB185*1000000","v":25000000},{"$f":"AC185*1000000","v":50000000},{"$f":"AD185*1000000","v":100000000},null,null,null,null,"Cogeneration Investment"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 1","Scenario 1 - high",{"$f":"IFERROR(IF($AA$179,AA168*(1+$P$1)/AA186,\"\"),0)","v":0},{"$f":"IFERROR(IF($AA$179,AB168*(1+$P$1)/AB186,\"\"),0)","v":0},{"$f":"IFERROR(IF($AA$179,AC168*(1+$P$1)/AC186,\"\"),0)","v":0},{"$f":"IFERROR(IF($AA$179,AD168*(1+$P$1)/AD186,\"\"),0)","v":0},null,null,null,null,null,"5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 1 - low",{"$f":"IFERROR(IF($AA$179,AA168*(1-$P$1)/AA186)*$AC$182,0)","v":0},{"$f":"IFERROR(IF($AA$179,AB168*(1-$P$1)/AB186)*$AC$182,0)","v":0},{"$f":"IFERROR(IF($AA$179,AC168*(1-$P$1)/AC186)*$AC$182,0)","v":0},{"$f":"IFERROR(IF($AA$179,AD168*(1-$P$1)/AD186)*$AC$182,0)","v":0},null,null,null,null,"M. USD",{"$f":"Allocator!J46/1000000","v":0},{"$f":"Allocator!K46/1000000","v":0},{"$f":"Allocator!L46/1000000","v":0},{"$f":"Allocator!M46/1000000","v":0}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 2","Scenario 2 - high",{"$f":"IFERROR(IF($AA$180,AA169*(1+$P$1)/AA186,\"\"),0)","v":0},{"$f":"IFERROR(IF($AA$180,AB169*(1+$P$1)/AB186,\"\"),0)","v":0},{"$f":"IFERROR(IF($AA$180,AC169*(1+$P$1)/AC186,\"\"),0)","v":0},{"$f":"IFERROR(IF($AA$180,AD169*(1+$P$1)/AD186,\"\"),0)","v":0},null,null,null,null,null,"AB","P"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 2 - low",{"$f":"IFERROR(IF($AA$180,AA169*(1-$P$1)/AA186,\"\")*$AC$182,0)","v":0},{"$f":"IFERROR(IF($AA$180,AB169*(1-$P$1)/AB186,\"\")*$AC$182,0)","v":0},{"$f":"IFERROR(IF($AA$180,AC169*(1-$P$1)/AC186,\"\")*$AC$182,0)","v":0},{"$f":"IFERROR(IF($AA$180,AD169*(1-$P$1)/AD186,\"\")*$AC$182,0)","v":0},null,null,null,null,"Avoided costs Energy","consumption before integration with cogeneration"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Steam required - MJ/h",{"$f":"INDIRECT((\"B_\"&$AK$177&\"_\"&$AF$145&\"!\"&AJ190&25))","v":269000},{"$f":"AJ192/AJ194","v":{"$error":"#DIV/0!"}},"MJ/L"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 3","Scenario 3 - high",{"$f":"IFERROR(IF($AA$181,AA170*(1+$P$1)/AA186,\"\"),0)","v":0},{"$f":"IFERROR(IF($AA$181,AB170*(1+$P$1)/AB186,\"\"),0)","v":0},{"$f":"IFERROR(IF($AA$181,AC170*(1+$P$1)/AC186,\"\"),0)","v":0},{"$f":"IFERROR(IF($AA$181,AD170*(1+$P$1)/AD186,\"\"),0)","v":0},null,null,null,null,"Electricity required -kWh/h",{"$f":"INDIRECT((\"B_\"&$AK$177&\"_\"&$AF$145&\"!\"&AJ190&26))","v":19000},{"$f":"AJ193/AJ194","v":{"$error":"#DIV/0!"}},"kWh/L"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 3 - low",{"$f":"IFERROR(IF($AA$181,AA170*(1-$P$1)/AA186,\"\")*$AC$182,0)","v":0},{"$f":"IFERROR(IF($AA$181,AB170*(1-$P$1)/AB186,\"\")*$AC$182,0)","v":0},{"$f":"IFERROR(IF($AA$181,AC170*(1-$P$1)/AC186,\"\")*$AC$182,0)","v":0},{"$f":"IFERROR(IF($AA$181,AD170*(1-$P$1)/AD186,\"\")*$AC$182,0)","v":0},null,null,null,null,"Ethanol produced - L/h",{"$f":"INDIRECT((\"B_\"&$AK$177&\"_\"&$AF$145&\"!\"&AK190&72))","v":0}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+AD174&\" \"&AE174&\" \"&AF174","v":"Ethanol FGP price "},{"$f":"$AG$174","v":0},{"$f":"$AG$174","v":0},{"$f":"$AG$174","v":0},{"$f":"$AG$174","v":0},{"$f":"$AG$174","v":0},null,null,null,"Avoided costs Energy",null,"Steam price - USD/tonne",{"$f":"'Data Entry Needs'!D38","v":0}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,5,25,50,100]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Figure production cost in gasoline eq (USD/L)",null,null,null,null,null,null,null,null,null,"Steam - tonne/y",{"$f":"$AK$192*AJ198*1000000/(2.2026*1000)","v":{"$error":"#DIV/0!"}},{"$f":"$AK$192*AK198*1000000/(2.2026*1000)","v":{"$error":"#DIV/0!"}},{"$f":"$AK$192*AL198*1000000/(2.2026*1000)","v":{"$error":"#DIV/0!"}},{"$f":"$AK$192*AM198*1000000/(2.2026*1000)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Equivalence of Ethanol in Gasoline",null,{"$f":"'dummy database'!$B$23/'dummy database'!$B$22","v":1.5141509433962266},{"$f":"\"L Ethanol/LGasoline\"","v":"L Ethanol/LGasoline"},null,null,null,null,null,null,"Cost - USD/y",{"$f":"AJ199*$AL$196","v":{"$error":"#DIV/0!"}},{"$f":"AK199*$AL$196","v":{"$error":"#DIV/0!"}},{"$f":"AL199*$AL$196","v":{"$error":"#DIV/0!"}},{"$f":"AM199*$AL$196","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"5 ML","25 ML","50 ML","100 ML",null,null,null,null,"Avoided - USD/y",{"$f":"AJ200*(AJ183)","v":{"$error":"#DIV/0!"}},{"$f":"AK200*(AK183)","v":{"$error":"#DIV/0!"}},{"$f":"AL200*(AL183)","v":{"$error":"#DIV/0!"}},{"$f":"AM200*(AM183)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Production capacity - ML/y",5,25,50,100,null,null,null,null,null,null,"Electricity price - USD/kWh",{"$f":"'Data Entry Needs'!D40","v":0}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Production capacity - Liters/y",{"$f":"AA202*1000000","v":5000000},{"$f":"AB202*1000000","v":25000000},{"$f":"AC202*1000000","v":50000000},{"$f":"AD202*1000000","v":100000000},null,null,null,null,"Electricity - kWh/y",{"$f":"$AK$193*AJ198*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AK$193*AK198*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AK$193*AL198*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AK$193*AM198*1000000","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 1","Scenario 1 - high",{"$f":"IFERROR(AA187*$AA$200,0)","v":0},{"$f":"IFERROR(AB187*$AA$200,0)","v":0},0,0,null,null,null,null,"Cost - USD/y",{"$f":"AJ203*$AL$202","v":{"$error":"#DIV/0!"}},{"$f":"AK203*$AL$202","v":{"$error":"#DIV/0!"}},{"$f":"AL203*$AL$202","v":{"$error":"#DIV/0!"}},{"$f":"AM203*$AL$202","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 1 - low",{"$f":"IFERROR(AA188*$AA$200,0)","v":0},0,0,0,null,null,null,null,"Avoided - USD/y",{"$f":"AJ204*AJ182","v":{"$error":"#DIV/0!"}},{"$f":"AK204*AK182","v":{"$error":"#DIV/0!"}},{"$f":"AL204*AL182","v":{"$error":"#DIV/0!"}},{"$f":"AM204*AM182","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 2","Scenario 2 - high",{"$f":"+IFERROR(AA190*$AA$200,0)","v":0},{"$f":"+IFERROR(AB190*$AA$200,0)","v":0},0,0,null,null,null,null,"Total Avoided - USD/y",{"$f":"AJ201+AJ205","v":{"$error":"#DIV/0!"}},{"$f":"AK201+AK205","v":{"$error":"#DIV/0!"}},{"$f":"AL201+AL205","v":{"$error":"#DIV/0!"}},{"$f":"AM201+AM205","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 2 - low",{"$f":"+IFERROR(AA191*$AA$200,0)","v":0},0,0,0,null,null,null,null,"Total Avoided - USD/L",{"$f":"AJ207/(AJ198*1000000)","v":{"$error":"#DIV/0!"}},{"$f":"AK207/(AK198*1000000)","v":{"$error":"#DIV/0!"}},{"$f":"AL207/(AL198*1000000)","v":{"$error":"#DIV/0!"}},{"$f":"AM207/(AM198*1000000)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 3","Scenario 3 - high",{"$f":"IFERROR(AA193*$AA$200,0)","v":0},{"$f":"IFERROR(AB193*$AA$200,0)","v":0},0,0,null,null,null,null,null,"5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 3 - low",{"$f":"IFERROR(AA194*$AA$200,0)","v":0},0,0,0,null,null,null,null,null,5,25,50,100]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Electricity revenues - USD/y",{"$f":"INDIRECT(\"COST_MFS!\"&AA$152&99)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AB$152&99)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AC$152&99)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AD$152&99)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+AD173&\" \"&AE173&\" \"&AF173","v":"Gasoline FGP price "},{"$f":"$AG$173","v":0},{"$f":"$AG$173","v":0},{"$f":"$AG$173","v":0},{"$f":"$AG$173","v":0},{"$f":"$AG$173","v":0},null,null,null,"Electricity revenues - USD/L EtOH",{"$f":"AJ212/(AJ211*1000000)","v":{"$error":"#DIV/0!"}},{"$f":"AK212/(AK211*1000000)","v":{"$error":"#DIV/0!"}},{"$f":"AL212/(AL211*1000000)","v":{"$error":"#DIV/0!"}},{"$f":"AM212/(AM211*1000000)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"f","h","j","l",null,null,null,null,"Figures on Revenues"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Figure Capital Investment",null,"5 ML","25 ML","50 ML","100 ML",null,null,null,null,"million USD/y","5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"USD",{"$f":"INDIRECT(\"COST_MFS!\"&AA$215&79)","v":35708000},{"$f":"INDIRECT(\"COST_MFS!\"&AB$215&79)","v":93785000},{"$f":"INDIRECT(\"COST_MFS!\"&AC$215&79)","v":142150000},{"$f":"INDIRECT(\"COST_MFS!\"&AD$215&79)","v":215460000},null,null,null,null,"Ethanol",{"$f":"AJ211*1000000*'Data Entry Needs'!$G$74/1000000","v":0},{"$f":"AK211*1000000*'Data Entry Needs'!$G$74/1000000","v":0},{"$f":"AL211*1000000*'Data Entry Needs'!$G$74/1000000","v":0},{"$f":"AM211*1000000*'Data Entry Needs'!$G$74/1000000","v":0}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"M USD",{"$f":"AA217/1000000","v":35.707999999999998},{"$f":"AB217/1000000","v":93.784999999999997},{"$f":"AC217/1000000","v":142.15},{"$f":"AD217/1000000","v":215.46},null,null,null,null,"Electricity",{"$f":"INDIRECT(\"COST_MFS!\"&AA$152&99)/1000000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AB$152&99)/1000000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AC$152&99)/1000000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AD$152&99)/1000000","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"INDIRECT(\"COST_MFS!\"&AA$152&100)/1000000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AB$152&100)/1000000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AC$152&100)/1000000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AD$152&100)/1000000","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"CO2",{"$f":"INDIRECT(\"COST_MFS!\"&AA$152&101)/1000000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AB$152&101)/1000000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AC$152&101)/1000000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AD$152&101)/1000000","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Figures share on costs",null,null,null,null,null,null,null,null,null,"Lignin",{"$f":"INDIRECT(\"COST_MFS!\"&AA$152&102)/1000000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AB$152&102)/1000000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AC$152&102)/1000000","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AD$152&102)/1000000","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 1","5 ML","25 ML","50 ML","100 ML",null,null,null,null,"Total",{"$f":"SUM(AJ217:AJ221)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AK217:AK221)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AL217:AL221)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AM217:AM221)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstock",{"$f":"IF($AA$179,AA154/AA$168,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$179,AB154/AB$168,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$179,AC154/AC$168,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$179,AD154/AD$168,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Chemical Inputs",{"$f":"IF($AA$179,AA157/AA$168,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$179,AB157/AB$168,\"\")","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,"Figures on Revenues"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Energy",{"$f":"IF($AA$179,AA158/AA$168,\"\")","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,"Share","5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Labour and other costs",{"$f":"IF($AA$179,(AA159+ AA160+AA161+AA162)/AA$168,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$179,(AB159+ AB160+AB161+AB162)/AB$168,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$179,(AC159+ AC160+AC161+AC162)/AC$168,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$179,(AD159+ AD160+AD161+AD162)/AD$168,\"\")","v":{"$error":"#DIV/0!"}},null,null,null,null,"Ethanol",{"$f":"AJ217/AJ$222","v":{"$error":"#DIV/0!"}},{"$f":"AK217/AK$222","v":{"$error":"#DIV/0!"}},{"$f":"AL217/AL$222","v":{"$error":"#DIV/0!"}},{"$f":"AM217/AM$222","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Depreciation & maintenance",{"$f":"IF($AA$179,AA163/AA$168,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$179,AB163/AB$168,\"\")","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,"Electricity",{"$f":"AJ218/AJ$222","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Co-Products Revenues",{"$f":"IF($AA$179,AA164/AA$168,\"\")","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,"Yeast",{"$f":"AJ219/AJ$222","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AA223:AA228)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AB223:AB228)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AC223:AC228)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AD223:AD228)","v":{"$error":"#DIV/0!"}},null,null,null,null,"CO2",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 2","5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstock",{"$f":"IF($AA$180,AA155/AA$169,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$180,AB155/AB$169,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$180,AC155/AC$169,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$180,AD155/AD$169,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Chemical Inputs",{"$f":"IF($AA$180,AA157/AA$169,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$180,AB157/AB$169,\"\")","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Energy",{"$f":"IF($AA$180,AA158/AA$169,\"\")","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Labour and other costs",{"$f":"IF($AA$180,(AA159+ AA160+AA161+AA162)/AA$169,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$180,(AB159+ AB160+AB161+AB162)/AB$169,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$180,(AC159+ AC160+AC161+AC162)/AC$169,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$180,(AD159+ AD160+AD161+AD162)/AD$169,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Depreciation & maintenance",{"$f":"IF($AA$180,AA163/AA$169,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$180,AB163/AB$169,\"\")","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Co-Products Revenues",{"$f":"IF($AA$180,AA164/AA$169,\"\")","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AA232:AA237)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AB232:AB237)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AC232:AC237)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AD232:AD237)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario 3","5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstock",{"$f":"IF($AA$181,AA156/AA$170,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$181,AB156/AB$170,\"\")","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Chemical Inputs",{"$f":"IF($AA$181,AA157/AA$170,\"\")","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Energy",{"$f":"IF($AA$181,AA158/AA$170,\"\")","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Labour and other costs",{"$f":"IF($AA$181,(AA159+ AA160+AA161+AA162)/AA$170,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$181,(AB159+ AB160+AB161+AB162)/AB$170,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$181,(AC159+ AC160+AC161+AC162)/AC$170,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$181,(AD159+ AD160+AD161+AD162)/AD$170,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Depreciation & maintenance",{"$f":"IF($AA$181,AA163/AA$170,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"IF($AA$181,AB163/AB$170,\"\")","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Co-Products Revenues",{"$f":"IF($AA$181,AA164/AA$170,\"\")","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AA241:AA246)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AB241:AB246)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AC241:AC246)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AD241:AD246)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Figure biomass consumption"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"tonne/year","5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstock consumption",{"$f":"INDIRECT(\"COST_MFS!\"&AA$215&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AB$215&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AC$215&42)","v":{"$error":"#DIV/0!"}},{"$f":"INDIRECT(\"COST_MFS!\"&AD$215&42)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Feedstock Available (t/year)",{"$f":"INDIRECT(\"COST_MFS!D\"&9)","v":0},{"$f":"INDIRECT(\"COST_MFS!D\"&9)","v":0},{"$f":"INDIRECT(\"COST_MFS!D\"&9)","v":0},{"$f":"INDIRECT(\"COST_MFS!D\"&9)","v":0},{"$f":"INDIRECT(\"COST_MFS!D\"&9)","v":0}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Figure biomass supply","5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plants potentially suplied",{"$f":"+ROUNDDOWN(AA252/AA251,0)","v":{"$error":"#DIV/0!"}},{"$f":"+ROUNDDOWN(AB252/AB251,0)","v":{"$error":"#DIV/0!"}},{"$f":"+ROUNDDOWN(AC252/AC251,0)","v":{"$error":"#DIV/0!"}},{"$f":"+ROUNDDOWN(AD252/AD251,0)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Figure Ethanol Attainable Ethanol production"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+AD147","v":"Ethanol Demand"},{"$f":"+AC258/$AC$258","v":{"$error":"#DIV/0!"}},{"$f":"+AE147","v":0},"ML/year"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"\"Max. Attainable Ethanol Production\"","v":"Max. Attainable Ethanol Production"},{"$f":"+AC259/$AC$258","v":{"$error":"#DIV/0!"}},{"$f":"IF(SUM(AA255:AD255)=0,0,$AE$146*$AA$252/(1000000))","v":{"$error":"#DIV/0!"}},"ML/year",{"$f":"IFERROR(IF(AB259<5%,TRUE,FALSE),TRUE)","v":true}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"\"E\"","v":"E"},{"$f":"'Biofuel Demand'!$D$13*100","v":0},"For figure"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Figure on Jobs"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Jobs",{"$f":"INDIRECT(\"COST_MFS!\"&AA$215&63)+INDIRECT(\"COST_MFS!\"&AA$215&64)","v":23},{"$f":"INDIRECT(\"COST_MFS!\"&AB$215&63)+INDIRECT(\"COST_MFS!\"&AB$215&64)","v":26},{"$f":"INDIRECT(\"COST_MFS!\"&AC$215&63)+INDIRECT(\"COST_MFS!\"&AC$215&64)","v":49},{"$f":"INDIRECT(\"COST_MFS!\"&AD$215&63)+INDIRECT(\"COST_MFS!\"&AD$215&64)","v":98}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Figure NPV MUSD","5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+AA179","v":true},{"$f":"+IF($Y266,$Z179,\"\")","v":"Scenario 1"},{"$f":"+IF($Y266,AI$154,\"\")/1000000","v":{"$error":"#DIV/0!"}},{"$f":"+IF($Y266,AJ$154,\"\")/1000000","v":{"$error":"#DIV/0!"}},{"$f":"+IF($Y266,AK$154,\"\")/1000000","v":{"$error":"#DIV/0!"}},{"$f":"+IF($Y266,AL$154,\"\")/1000000","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+AA180","v":true},{"$f":"+IF($Y267,$Z180,\"\")","v":"Scenario 2"},{"$f":"+IF($Y267,AI$155,\"\")/1000000","v":{"$error":"#DIV/0!"}},{"$f":"+IF($Y267,AJ$155,\"\")/1000000","v":{"$error":"#DIV/0!"}},{"$f":"+IF($Y267,AK$155,\"\")/1000000","v":{"$error":"#DIV/0!"}},{"$f":"+IF($Y267,AL$155,\"\")/1000000","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+AA181","v":true},{"$f":"+IF($Y268,$Z181,\"\")","v":"Scenario 3"},{"$f":"+IF($Y268,AI$156,\"\")/1000000","v":{"$error":"#DIV/0!"}},{"$f":"+IF($Y268,AJ$156,\"\")/1000000","v":{"$error":"#DIV/0!"}},{"$f":"+IF($Y268,AK$156,\"\")/1000000","v":{"$error":"#DIV/0!"}},{"$f":"+IF($Y268,AL$156,\"\")/1000000","v":{"$error":"#DIV/0!"}}]
[]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Figure IRR","5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+AA179","v":true},{"$f":"+IF($Y272,$Z179,\"\")","v":"Scenario 1"},{"$f":"+IF($Y272,AI$161,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($Y272,AJ$161,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($Y272,AK$161,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($Y272,AL$161,\"\")","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+AA180","v":true},{"$f":"+IF($Y273,$Z180,\"\")","v":"Scenario 2"},{"$f":"+IF($Y273,AI$162,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($Y273,AJ$162,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($Y273,AK$162,\"\")","v":{"$error":"#DIV/0!"}},{"$f":"+IF($Y273,AL$162,\"\")","v":{"$error":"#DIV/0!"}}]
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[]
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[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"5 ML","25 ML","50 ML","50 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"FF (tCO2 eq/year)",{"$f":"VLOOKUP($AD$173,$AL$298:$AQ$301,4,FALSE)*VLOOKUP($AD$173,$AL$298:$AQ$301,6,FALSE)*AG$348/1000","v":13993.627974999999},{"$f":"VLOOKUP($AD$173,$AL$298:$AQ$301,4,FALSE)*VLOOKUP($AD$173,$AL$298:$AQ$301,6,FALSE)*AH$348/1000","v":69968.139874999993},{"$f":"VLOOKUP($AD$173,$AL$298:$AQ$301,4,FALSE)*VLOOKUP($AD$173,$AL$298:$AQ$301,6,FALSE)*AI$348/1000","v":139936.27974999999},{"$f":"VLOOKUP($AD$173,$AL$298:$AQ$301,4,FALSE)*VLOOKUP($AD$173,$AL$298:$AQ$301,6,FALSE)*AJ$348/1000","v":279872.55949999997}]
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[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Scenario2",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"+AVERAGE(AG353:AJ353)","v":{"$error":"#DIV/0!"}}]
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[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",26.95163409308779,0.78900000000000003]
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[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Raw Glycerol",25.3,null,null,null,null,null,"http://www.esru.strath.ac.uk/EandE/Web_sites/06-07/Biodiesel/experiment.htm"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Rapeseed Meal",18.7,null,null,null,null,null,"Biograce"]
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[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Subtotal"]
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[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Allocation",{"$f":"IFERROR(VLOOKUP($AF$367,$AF$367:$AO$369,VLOOKUP($E$103,$AM$372:$AN$375,2,FALSE),FALSE),0%)","v":1},{"$f":"IFERROR(VLOOKUP($F$105,$AF$367:$AO$369,VLOOKUP($E$103,$AM$372:$AN$375,2,FALSE),FALSE),0%)","v":0},{"$f":"IFERROR(VLOOKUP($J$105,$AF$367:$AO$369,VLOOKUP($E$103,$AM$372:$AN$375,2,FALSE),FALSE),0%)","v":0}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"User Defined",{"$f":"+$E$105","v":1},{"$f":"+$I$105","v":0},{"$f":"+$M$105","v":0}]

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[null,null,{"$f":"UPPER(\"Labour Analysis in Crop production and Processing\")","v":"LABOUR ANALYSIS IN CROP PRODUCTION AND PROCESSING"}]
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[null,null,"Plant Size Selection"]
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[null,null,{"$f":"+'Data Entry Needs'!$E$11","v":" "},null,null,null,{"$f":"+'Data Entry Needs'!$F$11","v":" "},null,null,{"$f":"+'Data Entry Needs'!$G$11","v":" "},null,null,null,null,{"$f":"+'Data Entry Needs'!$H$11","v":" "}]
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[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"own production",{"$f":"+COST_FS1!$AB$139","v":0.6},null,null,null,null,25,"ML",{"$f":"+$AB$91&\"-\"&$AH90&\" \"&$AI90","v":" -25 ML"},{"$f":"+$AH90*1000000/$AC$93/$AC$102","v":{"$error":"#DIV/0!"}},{"$f":"+$AH90*1000000/$AC$93/$AC$104","v":{"$error":"#DIV/0!"}},{"$f":"+$AH90*1000000/$AC$93/$AC$103","v":{"$error":"#DIV/0!"}}]
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[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"intermediate",{"$f":"+'Data Entry Needs'!$E$92","v":0},{"$f":"+'Data Entry Needs'!$E$93","v":0},{"$f":"+'Data Entry Needs'!$E$94","v":0},null,null,5,"ML",{"$f":"+$AB$145&\"-\"&$AH97&\" \"&$AI97","v":" -5 ML"},{"$f":"+$AH97*1000000/$AC$147/$AC$156","v":{"$error":"#DIV/0!"}},{"$f":"+$AH97*1000000/$AC$147/$AC$158","v":{"$error":"#DIV/0!"}},{"$f":"+$AH97*1000000/$AC$147/$AC$157","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"high",{"$f":"+'Data Entry Needs'!$E$95","v":0},{"$f":"+'Data Entry Needs'!$E$96","v":0},{"$f":"+'Data Entry Needs'!$E$97","v":0},null,null,25,"ML",{"$f":"+$AB$145&\"-\"&$AH98&\" \"&$AI98","v":" -25 ML"},{"$f":"+$AH98*1000000/$AC$147/$AC$156","v":{"$error":"#DIV/0!"}},{"$f":"+$AH98*1000000/$AC$147/$AC$158","v":{"$error":"#DIV/0!"}},{"$f":"+$AH98*1000000/$AC$147/$AC$157","v":{"$error":"#DIV/0!"}}]
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[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,100,"ML",{"$f":"+$AB$145&\"-\"&$AH100&\" \"&$AI100","v":" -100 ML"},{"$f":"+$AH100*1000000/$AC$147/$AC$156","v":{"$error":"#DIV/0!"}},{"$f":"+$AH100*1000000/$AC$147/$AC$158","v":{"$error":"#DIV/0!"}},{"$f":"+$AH100*1000000/$AC$147/$AC$157","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"YIELD (t/ha)","LAB MAN","LAB MACH",null,null,5,"ML",{"$f":"+$AB$172&\"-\"&$AH101&\" \"&$AI101","v":" -5 ML"},{"$f":"+$AH101*1000000/$AC$174/$AC$183","v":{"$error":"#DIV/0!"}},{"$f":"+$AH101*1000000/$AC$174/$AC$185","v":{"$error":"#DIV/0!"}},{"$f":"+$AH101*1000000/$AC$174/$AC$184","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"outgrower",{"$f":"+AC97","v":0},{"$f":"+AD97","v":0},{"$f":"+AE97/8","v":0},null,null,25,"ML",{"$f":"+$AB$172&\"-\"&$AH102&\" \"&$AI102","v":" -25 ML"},{"$f":"+$AH102*1000000/$AC$174/$AC$183","v":{"$error":"#DIV/0!"}},{"$f":"+$AH102*1000000/$AC$174/$AC$185","v":{"$error":"#DIV/0!"}},{"$f":"+$AH102*1000000/$AC$174/$AC$184","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"own product",{"$f":"+AC98","v":0},{"$f":"+AD98","v":0},{"$f":"+AE98/8","v":0},null,null,50,"ML",{"$f":"+$AB$172&\"-\"&$AH103&\" \"&$AI103","v":" -50 ML"},{"$f":"+$AH103*1000000/$AC$174/$AC$183","v":{"$error":"#DIV/0!"}},{"$f":"+$AH103*1000000/$AC$174/$AC$185","v":{"$error":"#DIV/0!"}},{"$f":"+$AH103*1000000/$AC$174/$AC$184","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"mixed",{"$f":"+(AC107*1000000/AC93)/AC114","v":{"$error":"#DIV/0!"}},{"$f":"+(AC112*AD102+AC113*AD103)/AC114","v":{"$error":"#DIV/0!"}},{"$f":"+(AC112*AE102+AC113*AE103)/AC114","v":{"$error":"#DIV/0!"}},null,null,100,"ML",{"$f":"+$AB$172&\"-\"&$AH104&\" \"&$AI104","v":" -100 ML"},{"$f":"+$AH104*1000000/$AC$174/$AC$183","v":{"$error":"#DIV/0!"}},{"$f":"+$AH104*1000000/$AC$174/$AC$185","v":{"$error":"#DIV/0!"}},{"$f":"+$AH104*1000000/$AC$174/$AC$184","v":{"$error":"#DIV/0!"}}]
[]
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[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"OUTGROWER",{"$f":"+AC$107*1000000/$AC$93/$AC102","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,25,"ML",{"$f":"+$AB$91&\"-\"&$AH109&\" \"&$AI109","v":" -25 ML"},{"$f":"+AK90*($AD$102+$AE$102)+$AP$108*($AN109+$AO109)","v":{"$error":"#DIV/0!"}},{"$f":"+AL90*($AD$104+$AE$104)+$AP$108*($AN109+$AO109)","v":{"$error":"#DIV/0!"}},{"$f":"+AM90*($AD$103+$AE$103)+$AP$108*($AN109+$AO109)","v":{"$error":"#DIV/0!"}},0,0]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"OWN PRODUCTION",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,50,"ML",{"$f":"+$AB$91&\"-\"&$AH110&\" \"&$AI110","v":" -50 ML"},{"$f":"+AK91*($AD$102+$AE$102)+$AP$108*($AN110+$AO110)","v":{"$error":"#DIV/0!"}},{"$f":"+AL91*($AD$104+$AE$104)+$AP$108*($AN110+$AO110)","v":{"$error":"#DIV/0!"}},{"$f":"+AM91*($AD$103+$AE$103)+$AP$108*($AN110+$AO110)","v":{"$error":"#DIV/0!"}},0,0]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"MIXED",null,null,null,null,null,100,"ML",{"$f":"+$AB$91&\"-\"&$AH111&\" \"&$AI111","v":" -100 ML"},{"$f":"+AK92*($AD$102+$AE$102)+$AP$108*($AN111+$AO111)","v":{"$error":"#DIV/0!"}},{"$f":"+AL92*($AD$104+$AE$104)+$AP$108*($AN111+$AO111)","v":{"$error":"#DIV/0!"}},{"$f":"+AM92*($AD$103+$AE$103)+$AP$108*($AN111+$AO111)","v":{"$error":"#DIV/0!"}},0,0]
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[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"intermediate",{"$f":"+'Data Entry Needs'!$F$92","v":0},{"$f":"+'Data Entry Needs'!$F$93","v":0},{"$f":"+'Data Entry Needs'!$F$94","v":0}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"high",{"$f":"+'Data Entry Needs'!$F$95","v":0},{"$f":"+'Data Entry Needs'!$F$96","v":0},{"$f":"+'Data Entry Needs'!$F$97","v":0},null,null,null,"Sizes"]
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[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"+AH121&\" \"&AI121","v":"25 ML"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"YIELD (t/ha)","LAB MAN","LAB MACH",null,null,null,{"$f":"+AH122&\" \"&AI122","v":"50 ML"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"outgrower",{"$f":"+AC124","v":0},{"$f":"+AD124","v":0},{"$f":"+AE124/8","v":0},null,null,null,{"$f":"+AH123&\" \"&AI123","v":"100 ML"}]
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[]
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[]
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[]
[]
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[]
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[]
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[]
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[]
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[]
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[]
[]
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[]
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[]
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[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"OWN PRODUCTION",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"MIXED"]
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[]
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[null,null,"Calculations of Mass and Energy Balances - Dilute Acid"]
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[null,null,"Moisture content",null,null,null,null,"Moisture content"]
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[null,"Total",{"$f":"SUM(C30:C33)","v":600000},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",0,{"$f":"Q43","v":0},null,null,"Electricity - kWh/h",{"$f":"IF(AD26<0,-AD26,0)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Yeast",{"$error":"#DIV/0!"},null,{"$error":"#DIV/0!"},null,{"$error":"#DIV/0!"},null,{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"CO2",0,{"$f":"Q47","v":0},null,null,null,null,null,null,null,null,null,"Lignin",{"$error":"#DIV/0!"},{"$f":"(X65*$AI$23*1000000/(1000*1000)) +(X64*$AI$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"(X65*$AK$23*1000000/(1000*1000)) +(X64*$AK$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"(X65*$AM$23*1000000/(1000*1000)) +(X64*$AM$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"(X65*$AO$23*1000000/(1000*1000)) +(X64*$AO$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}}]
[null,"Note: steam @ 10 bar",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sludge",0,{"$f":"Q56","v":2500},null,null,null,null,null,null,null,null,null,"Ethanol",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Water",{"$f":"E215","v":497499.99999999994},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W26:W36)","v":102500},{"$f":"SUM(X26:X36)","v":2500},null,null,null,null,null,null,null,null,null,"CO2",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Glucose",{"$f":"E211","v":0},"kg/h",null,null,null,null,"Water",{"$f":"E246","v":0},"kg/h",null,{"$f":"J33+M24-Q33-M40","v":0},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sludge",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Xylose",{"$f":"E212","v":0},"kg/h","Biomass",{"$f":"D269","v":0},"kg/h",null,"Glucose",{"$f":"E247","v":0},"kg/h",null,null,null,null,null,null,null,"Cogeneration Plant",null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI28:AI38)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AJ28:AJ38)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Others",{"$f":"E209+E213+E214+E216+E208+E210","v":2500},"kg/h","Ammonia",{"$f":"D255*(F38+F39+M39)","v":0},"kg/h",null,"Total",{"$f":"SUM(M38:M39)","v":0},"kg/h",null,null,null,null,null,null,null,"Stream","Inputs - kg/h","Outputs - kg/h",null,null,null,null,null,null,null,null,null,"Cogeneration Plant"]
[null,null,null,null,"Total",{"$f":"SUM(F37:F40)","v":499999.99999999994},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",{"$f":"X33","v":0},0,null,null,null,null,null,null,null,null,null,"Capacity","5 ML",null,"25 ML",null,"50 ML",null,"100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"X32","v":0},0,null,null,null,null,null,null,null,null,null,"Stream","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",{"$f":"E270","v":0},"kg/h",null,null,null,"Water",{"$f":"H118","v":{"$error":"#DIV/0!"}},0,null,null,null,null,null,null,null,null,null,"Lignin",{"$f":"W73*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W73*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W73*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W73*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Air",{"$f":"H119","v":0},0,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"W74*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W74*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W74*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W74*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"E269","v":0},"kg/h",null,null,null,"Flue gas",0,{"$f":"K117","v":0},null,null,null,null,null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"C34-F41-J33","v":100000.00000000006},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Steam",0,{"$f":"K118","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Air",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,{"$f":"F41+I39+I40+M40-Q43-Q45-Q47-M49","v":0},null,null,null,null,null,null,"CO2",{"$f":"E271","v":0},"kg/h",null,null,null,"Ash",0,{"$f":"K119","v":0},null,null,null,null,null,null,null,null,null,"Flue gas",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W41:W47)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(X41:X47)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,"Stillage",{"$f":"M38+F37+F40+I40","v":499999.99999999994},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ash",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI43:AI49)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AJ43:AJ49)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,"Stillage composition after fermentation"]
[null,null,"Water",{"$f":"F37+M38","v":497499.99999999994},"kg/h",null,null,null,null,null,null,null,null,null,null,"Sludge",null,null,"waste",null,null,"Normalized Mass and Energy Balances - Balances used for any capacity",null,null,null,null,null,null,null,null,null,null,null,"Energy balances at selected capacities"]
[null,null,"Ammonia",{"$f":"I40","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Water",{"$f":"D52-L61-N61","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Balances including both ethanol and cogeneration plants"]
[null,null,"Extractives",{"$f":"E209","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Others",{"$f":"D58+D59","v":2500},"kg/h",null,null,null,"Mass Balances",null,null,null,null,"Energy Requirements",null,null,null,null,null,null,"Capacity","5 ML",null,"25 ML",null,"50 ML",null,"100 ML"]
[null,null,"Others ",{"$f":"E210","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Organics",{"$f":"SUM(D53:D57)","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Utility type","Required","For sales","Required","For sales","Required","For sales","Required","For sales"]
[null,null,"Furfural",{"$f":"E213","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(Q53:Q55)","v":2500},"kg/h",null,null,null,"Ethanol Plant",null,null,null,null,"Summary of external energy requiremens",null,null,null,null,null,null,"Steam - MJ/y",{"$f":"$AB$57*$AI$23*1000000","v":{"$error":"#DIV/0!"}},0,{"$f":"$AB$57*$AK$23*1000000","v":{"$error":"#DIV/0!"}},0,{"$f":"$AB$57*$AM$23*1000000","v":{"$error":"#DIV/0!"}},0,{"$f":"$AB$57*$AO$23*1000000","v":{"$error":"#DIV/0!"}},0]
[null,null,"HMF",{"$f":"E214","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Stream","Inputs - kg/L EtOH","Outputs - kg/L EtOH",null,null,"Steam - MJ/L EtOH",{"$f":"AB30/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Electricity - kWh/y",{"$f":"$AB$58*$AI$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AI$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$58*$AK$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AK$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$58*$AM$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AM$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$58*$AO$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AO$23*1000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Ash",{"$f":"E208","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Biomass (wet)",{"$f":"W26/$P$72","v":{"$error":"#DIV/0!"}},{"$f":"X26/$P$72","v":{"$error":"#DIV/0!"}},null,null,"Electricity - kWh/L EtOH",{"$f":"AB31/$P$72","v":{"$error":"#DIV/0!"}}]
[null,null,"Acid",{"$f":"E216","v":2500},"kg/h",null,null,null,null,null,null,null,null,null,null,null,{"$f":"M49-L61-N61-Q56","v":0},null,null,null,null,"Sulfuric Acid",{"$f":"W27/$P$72","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,"Total",{"$f":"SUM(D52:D59)","v":499999.99999999994},"kg/h",null,null,null,null,null,null,null,null,"water to hydrolysis",null,null,null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Summary of electricity Exports"]
[null,null,null,null,null,null,null,null,null,null,"Rec. Water",{"$f":"D8*C138","v":497499.99999999994},"kg/h",{"$f":"C227*F217","v":0},"kg/h",null,null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Electricity - kWh/L EtOH",{"$f":"AB34/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Capital Investment"]
[null,null,null,null,null,null,null,null,null,null,null,"Be carefull recovered water to be recycled",null,null,null,null,null,null,null,null,null,"Ammonia",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Base case capacity ","63 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Enzyme",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Capex Cogeneration","USD",null,"Capex Ethanol Plant","USD",null,"Cogeneration Capex factor"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Buildings",{"$f":"32000000*4%*AO64","v":3199999.9999999991},null,"Buildings",{"$f":"32000000*96%","v":30720000},null,{"$f":"Allocator!I23","v":"Simple"},{"$f":"Allocator!J27","v":2.4999999999999991}]
[null,null,null,"Balance check",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Energy produced in cogeneration",null,null,null,null,null,null,"Plant and Equipment",{"$f":"122050000*4%*AO64","v":12204999.999999996},null,"Plant and Equipment",{"$f":"122050000*96%","v":117168000}]
[null,null,"kg/h","Inputs","Outputs","Difference",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"C34+I40+M24+I39","v":600000},{"$f":"Q43+Q45+Q47+Q33+Q56+N61+L61","v":499999.99999999994},{"$f":"D67-E67","v":100000.00000000006},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"CO2",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Summary of energy produced in cogeneration",null,null,null,null,null,null,"Total investment costs: Ethanol + Cogeneration systems"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sludge",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Steam - MW/ML/y EtOH",{"$f":"(AC25/3600)/(P72*'Data Entry Needs'!$G$43*24/1000000)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Capacity","5 ML","25 ML","50 ML","100 ML"]
[null,null,"Summary",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W58:W68)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(X58:X68)","v":{"$error":"#DIV/0!"}},null,null,"Electricity - kW/ML/y EtOH",{"$f":"(AC26*3.6*1000/3600)/(P72*'Data Entry Needs'!$G$43*24/1000000)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Buildings - USD",{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(5/63)^0.6,-3)","v":7418000},{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(25/63)^0.6,-3)","v":19482000},{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(50/63)^0.6,-3)","v":29528000},{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(100/63)^0.6,-3)","v":44757000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant and Equipment - USD",{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(5/63)^0.6,-3)","v":28290000},{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(25/63)^0.6,-3)","v":74303000},{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(50/63)^0.6,-3)","v":112622000},{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(100/63)^0.6,-3)","v":170703000}]
[null,null,"Ethanol yield",null,null,null,null,null,"Water requirements",null,null,null,null,null,null,"Liters of ethanol produced",null,null,null,null,null,"Cogeneration Plant",null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI69:AI70)","v":35708000},{"$f":"SUM(AJ69:AJ70)","v":93785000},{"$f":"SUM(AK69:AK70)","v":142150000},{"$f":"SUM(AL69:AL70)","v":215460000}]
[null,null,{"$f":"Q43/D8","v":0},"kg/kg RM (dry basis)",null,null,null,null,{"$f":"(C32+M26-L61-N61)/Q43","v":{"$error":"#DIV/0!"}},"m3/t ethanol",null,null,null,null,null,{"$f":"Q43*1000/(789)","v":0},"L/h",null,null,null,null,"Stream","Inputs - kg/L EtOH","Outputs - kg/L EtOH"]
[null,null,{"$f":"(C72/789)*(1000)*1000","v":0},"L/t RM dry",null,null,null,null,"After recycling water recovered from water treatment",null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",{"$f":"W41/$P$72","v":{"$error":"#DIV/0!"}},{"$f":"X41/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Investment costs: Cogeneration systems"]
[null,null,{"$f":"P72*1000/C30","v":0},"L/t RM wet",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"W42/$P$72","v":{"$error":"#DIV/0!"}},{"$f":"X42/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Capacity","5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Buildings - USD",{"$f":"ROUNDUP((($AI$64))*(5/63)^0.6,-3)","v":700000},{"$f":"ROUNDUP((($AI$64))*(25/63)^0.6,-3)","v":1838000},{"$f":"ROUNDUP((($AI$64))*(50/63)^0.6,-3)","v":2786000},{"$f":"ROUNDUP((($AI$64))*(100/63)^0.6,-3)","v":4223000}]
[null,null,"Lignin Yield",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Air",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Plant and Equipment - USD",{"$f":"ROUNDUP((($AI$65))*(5/63)^0.6,-3)","v":2669000},{"$f":"ROUNDUP((($AI$65))*(25/63)^0.6,-3)","v":7010000},{"$f":"ROUNDUP((($AI$65))*(50/63)^0.6,-3)","v":10625000},{"$f":"ROUNDUP((($AI$65))*(100/63)^0.6,-3)","v":16104000}]
[null,null,{"$f":"Q33/Q43","v":{"$error":"#DIV/0!"}},"kg/kg EtOh",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Flue gas",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI75:AI76)","v":3369000},{"$f":"SUM(AJ75:AJ76)","v":8848000},{"$f":"SUM(AK75:AK76)","v":13411000},{"$f":"SUM(AL75:AL76)","v":20327000}]
[null,null,{"$f":"Q33/D8","v":0},"kg/kg RM (dry basis)",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ash",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Performance cogeneration system"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W73:W79)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(X73:X79)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Capacity","5 ML","25 ML","50 ML","100 ML"]
[null,null,"Energy requirements",null,null,null,null,null,"Energy requirements",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Electricity Capacity (kW)",{"$f":"$AB$69*5","v":{"$error":"#DIV/0!"}},{"$f":"$AB$69*25","v":{"$error":"#DIV/0!"}},{"$f":"$AB$69*50","v":{"$error":"#DIV/0!"}},{"$f":"$AB$69*100","v":{"$error":"#DIV/0!"}}]
[null,null,"Heating",2.69,"MJ/kg RM (dry basis)",null,null,null,"Heating",{"$f":"(D82*D8/Q43)*0.789","v":{"$error":"#DIV/0!"}},"MJ/L Ethanol",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Heat Capacity (MW)",{"$f":"$AB$68*5","v":{"$error":"#DIV/0!"}},{"$f":"$AB$68*25","v":{"$error":"#DIV/0!"}},{"$f":"$AB$68*50","v":{"$error":"#DIV/0!"}},{"$f":"$AB$68*100","v":{"$error":"#DIV/0!"}}]
[null,null,"Cooling",0,"MJ/kg RM (dry basis)",null,null,null,"Cooling",{"$f":"(D83*D8/Q43)*0.789","v":{"$error":"#DIV/0!"}},"MJ/L Ethanol",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant Electricity Demand Supplied",{"$f":"IF(AD26<0,1,1-(AD26/AB26))","v":{"$error":"#DIV/0!"}},{"$f":"$AI$83","v":{"$error":"#DIV/0!"}},{"$f":"$AI$83","v":{"$error":"#DIV/0!"}},{"$f":"$AI$83","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant Heat Demand Supplied",{"$f":"IF(AD25<0,1,1-(AD25/AB25))","v":{"$error":"#DIV/0!"}},{"$f":"$AI$84","v":{"$error":"#DIV/0!"}},{"$f":"$AI$84","v":{"$error":"#DIV/0!"}},{"$f":"$AI$84","v":{"$error":"#DIV/0!"}}]
[null,null,"Electricity",0.19,"kWh/kg RM (dry basis)",null,null,null,"Electricity",{"$f":"(D85*$D$8/$Q$43)","v":{"$error":"#DIV/0!"}},"kWh/kg EtOH",null,"equal to MWh/t ethanol",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Electricity Surplus (% of total produced)",{"$f":"IF(AD26>0,0,(ABS(AD26))/AC26)","v":{"$error":"#DIV/0!"}},{"$f":"$AI$85","v":{"$error":"#DIV/0!"}},{"$f":"$AI$85","v":{"$error":"#DIV/0!"}},{"$f":"$AI$85","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,"Electricity",{"$f":"J85*0.789","v":{"$error":"#DIV/0!"}},"kWh/L"]
[]
[null,null,"Not integrated "]
[]
[]
[null,null,"Cogeneration"]
[null,null,"Turbine Eff",null,{"$f":"Allocator!$I$15","v":0.85}]
[null,null,"Electrical efficiency",null,{"$f":"Allocator!$J$24","v":0.2},null,"Multiplier sensitivity to include organics"]
[null,null,"Thermal Efficiency",null,{"$f":"Allocator!$J$25","v":0.2},null,0,null,null,null,null,null,"Heating value Steam"]
[null,null,null,null,{"$f":"(E94-E93)/(1-(E93/E92))","v":0},null,null,null,null,null,null,null,{"$f":"2.2026","v":2.2025999999999999},"MJ/kg"]
[null,null,null,null,null,null,"Lignin composition - free of Ash"]
[null,null,"Low heating values (LHV) - Moisture 0%",null,null,null,null,"kg/h","mass fraction","Heating Value",null,"MJ/h"]
[null,null,"Cellulose",17,"MJ/kg",null,"Cellulose",{"$f":"Q29","v":0},{"$f":"H98/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I98*D98","v":{"$error":"#DIV/0!"}},null,{"$f":"H98*D98","v":0}]
[null,null,"Hemicellulose",16,"MJ/kg",null,"Hemicellulose",{"$f":"Q30","v":0},{"$f":"H99/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I99*D99","v":{"$error":"#DIV/0!"}},null,{"$f":"H99*D99","v":0},null,null,"Air",{"$f":"2*H103","v":0},"kg/h"]
[null,null,"Lignin",25,"MJ/kg",null,"Lignin",{"$f":"Q31","v":0},{"$f":"H100/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I100*D100","v":{"$error":"#DIV/0!"}},null,{"$f":"H100*D100","v":0}]
[null,null,"Cell Biomass",16,"MJ/kg",null,"Cell Biomass",{"$f":"Q45","v":0},{"$f":"H101/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I101*D101","v":{"$error":"#DIV/0!"}},null,{"$f":"H101*D101","v":0},null,null,"Flue gas",{"$f":"P99+H103","v":0},"kg/h"]
[null,null,"Organics",17,"MJ/kg",null,"Organics",{"$f":"Q55*G94","v":0},{"$f":"H102/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I102*D102","v":{"$error":"#DIV/0!"}},null,{"$f":"H102*D102","v":0}]
[null,null,null,null,null,null,"Total",{"$f":"SUM(H98:H102)","v":0},{"$f":"SUM(I98:I102)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(J98:J102)","v":{"$error":"#DIV/0!"}},"MJ/kg"]
[null,null,null,null,null,null,null,null,null,{"$f":"J103*(H98+H99+H100+H101+H102)","v":{"$error":"#DIV/0!"}},"MJ/h",{"$f":"SUM(L98:L102)","v":0}]
[]
[]
[null,null,"Electricty produced",null,null,null,null,null,"Electricity produced",{"$f":"(C108/D8/3.6)","v":{"$error":"#DIV/0!"}},"kWh/kg RM (dry basis)"]
[null,null,{"$f":"E94*J104 -C111","v":{"$error":"#DIV/0!"}},"MJ/h",null,null,null,null,"Produced"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Steam produced",{"$f":"C111/M95","v":{"$error":"#DIV/0!"}},"kg/h"]
[null,null,"Steam produced",null,null,null,null,null,"Steam produced",{"$f":"(C111/D8)","v":{"$error":"#DIV/0!"}},"MJ/kg RM (dry basis)"]
[null,null,{"$f":"J104*E95","v":{"$error":"#DIV/0!"}},"MJ/h",null,null,null,null,"Produced"]
[]
[]
[null,null,null,"Mass balance cogeneration Unit"]
[]
[null,null,null,null,null,null,null,"Input kg/h",null,null,"ouput kg/h"]
[null,null,null,null,null,null,"Solids",{"$f":"H103+Q32","v":0},null,"Flue gas",{"$f":"P101","v":0}]
[null,null,null,null,null,null,"Water",{"$f":"P109","v":{"$error":"#DIV/0!"}},null,"Steam",{"$f":"P109","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,"Air",{"$f":"P99","v":0},null,"Ash",{"$f":"Q32","v":0}]
[null,null,null,null,null,null,"Total",{"$f":"SUM(H117:H119)","v":{"$error":"#DIV/0!"}},null,"Total",{"$f":"SUM(K117:K119)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,null,null,null,null,{"$f":"H120-K120","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,"Relations and calculations"]
[null,null,null,null,null,null,null,null,"Acid concetration"]
[null,null,"Sulfuric acid - before pretreatment",null,null,null,null,null,0.5,"% (w/v)",{"$f":"(I133/100)","v":5.0000000000000001E-3},"kg/L solución",null,0.02,"kg/kg solucion"]
[null,null,{"$f":"H139*M135","v":2.5000000000000001E-2},"kg/kg biomass (dry)",null,null,null,null,null,null,null,null,"mass frac"]
[null,null,"pure sulfuric acid, valid for all biomasses",null,null,null,null,null,null,null,"Acido sulfurico",{"$f":"K133*1000","v":5},{"$f":"L135/L137","v":5.0000000000000001E-3}]
[null,null,null,null,null,null,null,null,null,null,"Agua",{"$f":"1000-L135","v":995},{"$f":"L136/L137","v":0.995}]
[null,null,"Water for biomass dilution prior pretreatment",null,null,null,null,null,null,null,"Solucion ",1000]
[null,null,{"$f":"H139*M136","v":4.9749999999999996},"kg water/kg biomass",null,null,null,"liquid/solid ratio"]
[null,null,null,null,null,null,null,5]
[null,null,"Steam for pretreatmet "]
[null,null,0,"kg steam/kg dry biomass"]
[null,null,"Steam at 180 ºC"]
[]
[null,null,"Pretreatment conversions and reactions"]
[]
[null,null,"reactions",null,null,null,null,null,"Conversion ",null,null,"Compounds","MW"]
[null,null,"reaction 1","CELLULOS(CIPSD)   -->  CELLULOS(MIXED)",null,null,null,null,1.6E-2,null,null,"Cellulose",162.14241999999999]
[null,null,"reaction 2","HEMICELL(CIPSD)   -->  HEMICELL(MIXED)",null,null,null,null,0.9,null,null,"Hemicellulose",132.11612]
[null,null,"reaction 3","LIGNIN(CIPSD)   -->  LIGNIN(MIXED)",null,null,null,null,0,null,null,"Lignin",122.49299999999999]
[null,null,"reaction 4","Extractives (CIPSD)   -->  Extractives(MIXED)",null,null,null,null,1,null,null,"Extractives",282.46676000000002]
[null,null,"reaction 5","Others(CIPSD)   -->  Others(MIXED)",null,null,null,null,1,null,null,"Others",170.12]
[null,null,"reaction 6","CELLULOS(MIXED)  + WATER(MIXED)   -->  GLUCOSE(MIXED)",null,null,null,null,1,null,null,"Glucose",180.15768]
[null,null,"reaction 7","Galactan(CIPSD)   -->  Galactan(MIXED)",null,null,null,null,{"$f":"I148","v":0.9},null,null,"Galactan",162.14241999999999]
[null,null,"reaction 8","Galactan(MIXED)  + WATER(MIXED)   -->  GLUCOSE(MIXED)",null,null,null,null,1,null,null,"Xylose",150.13140000000001]
[null,null,"reaction 9","HEMICELL(MIXED)  + WATER(MIXED)   -->  XYLOSE(MIXED)",null,null,null,null,1,null,null,"Furfural",96.085560000000001]
[null,null,"reaction 10","XYLOSE(MIXED)   -->  FURFURAL(MIXED) + 3 WATER(MIXED)",null,null,null,null,0.14000000000000001,null,null,"HMF",126.11]
[null,null,"reaction 11","GLUCOSE(MIXED)   -->  3 WATER(MIXED) + HMF(MIXED)",null,null,null,null,0.05,null,null,"Water",18.015280000000001]
[null,null,"reaction 12","Ash (non-soluble) --> Ash (soluble)",null,null,null,null,0.5]
[]
[null,null,null,"Molar balances each reaction"]
[null,null,null,"Reaction 1",null,null,null,null,null,null,null,"Reaction 7"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Cellulose -Solid",null,"Cellulose mixed",null,null,null,null,null,"GALACTAN -Solid",null,"Galactan mixed"]
[null,null,"kg/h",{"$f":"D8*D11*I147","v":0},null,{"$f":"D164","v":0},null,null,null,null,"kg/h",0,null,{"$f":"L164","v":0}]
[null,null,"kmol/h",{"$f":"D164/M147","v":0},null,{"$f":"F164/M147","v":0},null,null,null,null,"kmol/h",{"$f":"L164/M153","v":0},null,{"$f":"N164/M153","v":0}]
[]
[]
[null,null,null,"Reaction 2",null,null,null,null,null,null,null,"Reaction 8"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Hemicell -Solid",null,"Hemice mixed",null,null,null,null,null,"Galactan","water","glucose"]
[null,null,"kg/h",{"$f":"$D$8*D12*I148","v":0},null,{"$f":"D171","v":0},null,null,null,null,"kg/h",{"$f":"L172*M153","v":0},{"$f":"M172*M157","v":0},{"$f":"N172*M152","v":0}]
[null,null,"kmol/h",{"$f":"D171/M148","v":0},null,{"$f":"F171/M148","v":0},null,null,null,null,"kmol/h",{"$f":"N165*I154","v":0},{"$f":"L172","v":0},{"$f":"L172","v":0}]
[]
[]
[null,null,null,"Reaction 3",null,null,null,null,null,null,null,"Reaction 9"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Lignin -Solid",null,"Lignin mixed",null,null,null,null,null,"Hemicellulose","Water","Xylose"]
[null,null,"kg/h",{"$f":"$D$8*D13*I149","v":0},null,{"$f":"D178","v":0},null,null,null,null,"kg/h",{"$f":"L179*M148","v":0},{"$f":"M179*M157","v":0},{"$f":"N179*M154","v":0}]
[null,null,"kmol/h",{"$f":"D178/M149","v":0},null,{"$f":"F178/M149","v":0},null,null,null,null,"kmol/h",{"$f":"F172*I155","v":0},{"$f":"L179","v":0},{"$f":"L179","v":0}]
[]
[]
[null,null,null,"Reaction 4",null,null,null,null,null,null,null,"Reaction 10"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Extractives -Solid",null,"Extractives mixed",null,null,null,null,null,"Xylose",null,"Furfural","Water"]
[null,null,"kg/h",{"$f":"$D$8*D15*I150","v":0},null,{"$f":"D185","v":0},null,null,null,null,"kg/h",{"$f":"L186*M154","v":0},null,{"$f":"N186*M155","v":0},{"$f":"O186*M157","v":0}]
[null,null,"kmol/h",{"$f":"D185/M150","v":0},null,{"$f":"F185/M150","v":0},null,null,null,null,"kmol/h",{"$f":"N179*I156","v":0},null,{"$f":"L186","v":0},{"$f":"3*L186","v":0}]
[]
[]
[null,null,null,"Reaction 5",null,null,null,null,null,null,null,"Reaction 11"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Others -Solid",null,"Others mixed",null,null,null,null,null,"Glucose",null,"Water","HMF"]
[null,null,"kg/h",{"$f":"$D$8*D16*I151","v":0},null,{"$f":"D192","v":0},null,null,null,null,"kg/h",{"$f":"L193*M152","v":0},null,{"$f":"N193*M157","v":0},{"$f":"O193*M156","v":0}]
[null,null,"kmol/h",{"$f":"D192/M151","v":0},null,{"$f":"F192/M151","v":0},null,null,null,null,"kmol/h",{"$f":"(F200+N172)*I157","v":0},null,{"$f":"3*L193","v":0},{"$f":"L193","v":0}]
[]
[]
[null,null,null,"Reaction 6",null,null,null,null,null,null,null,"Reaction 12"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Cellulose mixed","Water","Glucose",null,null,null,null,null,"Ash solid",null,"Ash solube"]
[null,null,"kg/h",{"$f":"D200*M147","v":0},{"$f":"E200*M157","v":0},{"$f":"F200*M152","v":0},null,null,null,null,"kg/h",{"$f":"$D$8*D14*I158","v":0},null,{"$f":"L199","v":0}]
[null,null,"kmol/h",{"$f":"F165*I152","v":0},{"$f":"D200","v":0},{"$f":"D200","v":0},null,null,null,null,"kmol/h"]
[]
[]
[null,null,null,null,null,"kg/h"]
[null,null,null,"Input","Liquid","Solid"]
[null,null,"Cellulose",{"$f":"$D$8*D11","v":0},0,{"$f":"D205-D164","v":0}]
[null,null,"Xylan",0,0,{"$f":"D206-D171","v":0}]
[null,null,"Lignin",0,{"$f":"F178","v":0},{"$f":"D207-E207","v":0}]
[null,null,"Ash",0,{"$f":"N199","v":0},{"$f":"D208-E208","v":0}]
[null,null,"Extractives",0,{"$f":"F185","v":0},{"$f":"D209-E209","v":0}]
[null,null,"Others ",0,{"$f":"F192","v":0},{"$f":"D210-E210","v":0}]
[null,null,"Glucose",0,{"$f":"F199-L192","v":0},0]
[null,null,"Xylose",0,{"$f":"N178-L185","v":0},0]
[null,null,"Furfural",0,{"$f":"N185","v":0},0]
[null,null,"HMF",0,{"$f":"O192","v":0},0]
[null,null,"Water",{"$f":"(C30-D8)+C32+C33","v":497499.99999999994},{"$f":"D215-E199-M171-M178+O185+N192","v":497499.99999999994},0]
[null,null,"Sulfuric acid",{"$f":"C31","v":2500},{"$f":"D216","v":2500},0]
[null,null,"Total",{"$f":"SUM(D205:D216)","v":499999.99999999994},{"$f":"SUM(E205:E216)","v":499999.99999999994},{"$f":"SUM(F205:F216)","v":0}]
[]
[null,null,null,{"$f":"D217-E217-F217","v":0}]
[]
[null,null,"Enzymatic hydrolysis"]
[]
[null,null,"Enzyme dosage"]
[null,null,0.05,"kg enzyme/kg solid at entrance hydrolysis reactor",null,null,null,"Based on Novozymes Recommendations",null,null,null,"http://bioenergy.novozymes.com/en/cellulosic-ethanol/CellicCTec3/Documents/AS_2010-01668-03.pdf"]
[]
[null,null,"Water for dilution enzy,atic hydrolysis"]
[null,null,2.66,"kg water/kg solid"]
[]
[null,null,null,null,null,null,null,null,"Conversion"]
[null,null,"reaction","CELLULOSE + WATER(MIXED)   -->  GLUCOSE(MIXED)",null,null,null,null,0.82]
[]
[null,null,null,"Reaction 6"]
[null,null,null,"Reactants",null,"Products"]
[null,null,null,"Cellulose mixed","Water","Glucose"]
[null,null,"kg/h",{"$f":"F205*I230","v":0},{"$f":"E236*M157","v":0},{"$f":"F236*M152","v":0}]
[null,null,"kmol/h",{"$f":"D235/M147","v":0},{"$f":"D236","v":0},{"$f":"D236","v":0}]
[]
[]
[null,null,null,"Input","Liquid","Lignin"]
[null,null,"Cellulose",{"$f":"F205","v":0},0,{"$f":"D240-D235","v":0}]
[null,null,"Xylan",{"$f":"F206","v":0},0,{"$f":"D241","v":0}]
[null,null,"Galactan",{"$f":"L164","v":0},0,{"$f":"D242","v":0}]
[null,null,"Lignin",{"$f":"F207","v":0},0,{"$f":"D243","v":0}]
[null,null,"Ash",{"$f":"F208","v":0},0,{"$f":"D244","v":0}]
[null,null,"Enzyme",{"$f":"M25","v":0},0,0]
[null,null,"Water",{"$f":"M26","v":0},{"$f":"D246-E235+D245","v":0},0]
[null,null,"Glucose",0,{"$f":"F235","v":0},0]
[null,null,"Total",{"$f":"SUM(D240:D247)","v":0},{"$f":"SUM(E240:E247)","v":0},{"$f":"SUM(F240:F247)","v":0}]
[]
[null,null,null,"Difference"]
[null,null,null,{"$f":"D248-E248-F248","v":0}]
[]
[null,null,"Fermentation"]
[]
[null,null,"Ammonia",{"$f":"340/42688/0.25","v":3.1859070464767617E-2},"kg Ammonia/kg sugars ferm",null,null,"ammonia @ 25%"]
[]
[]
[]
[]
[null,null,null,"Assuming 80% of theoretical yields for ethanol (based on average values of different publications"]
[null,null,"from Xylose",{"$f":"0.51*80%","v":0.40800000000000003},null,"CO2",0.48857434667732408,"kg/kg xylose",null,null,"Biomass yield",null,null,"CO2 from biomass"]
[null,null,"from Glucose",{"$f":"0.51*80%","v":0.40800000000000003},null,"CO2",0.48857434667732408,"kg/kg glucose",null,null,0.13,"g biomass/ g Etanol",null,0.92300538794167575,"g CO2/g biomass"]
[]
[]
[null,null,"For fermentation  -  kg/h",null,null,null,{"$f":"0.8*0.51","v":0.40800000000000003}]
[null,null,null,"Input","Output"]
[null,null,"Glucose",{"$f":"F38+M39","v":0},{"$f":"0","v":0}]
[null,null,"Xylose",{"$f":"F39","v":0},0,null,null,null,{"$f":"9*1000/5000000","v":1.8E-3},"kg/L"]
[null,null,"Biomass",{"$f":"I272","v":0},{"$f":"D272-SUM(E267:E268,E270:E271)","v":0},null,{"$f":"E269+I272","v":0},null,"Biomass required feed"]
[null,null,"Ethanol",0,{"$f":"D262*D267 + D261*D268","v":0},null,null,null,{"$f":"I268/0.789","v":2.2813688212927753E-3},"kg/kg Ethanol"]
[null,null,"CO2",0,{"$f":"1.1*E270","v":0}]
[null,null,"Total",{"$f":"SUM(D267:D271)","v":0},{"$f":"SUM(E267:E271)","v":0},null,null,null,{"$f":"I270*E270","v":0},"kg/h"]
[]
[]
[null,null,null,null,{"$f":"D272-E272","v":0}]

{"sheet":"B_SE_MFS","index":90,"n_rows":275,"n_cols":42,"rows_kept":275,"cut":false,"hidden":true,"merged":[]}
[]
[null,null,"Calculations of Mass and Energy Balances - Steam Explosion"]
[]
[]
[null,"Feedstock","Multifeedstock","Operating h per year",null,{"$f":"+'Data Entry Needs'!$G$43*24","v":0},"h/year"]
[null,null,null,null,null,null,null,null,"Fs1","Fs2","Fs3","Fs4"]
[null,null,"Biomass Flowrate - dry basis - Caculus base",null,null,null,null,"Feedstock",{"$f":"+'Data Entry Needs'!$E$11","v":" "},{"$f":"+'Data Entry Needs'!F$11","v":" "},{"$f":"+'Data Entry Needs'!$G$11","v":" "},{"$f":"+'Data Entry Needs'!$H$11","v":" "}]
["`",null,null,100000,"kg/h",null,null,"Operating time - h/y",{"$f":"ABS((12-COUNTBLANK(Planner_MFS!$G$12:$R$12))*$F$5/Planner_MFS!$AP$34)","v":{"$error":"#VALUE!"}},{"$f":"ABS((12-COUNTBLANK(Planner_MFS!$G$13:$R$13))*$F$5/Planner_MFS!$AP$34)","v":{"$error":"#VALUE!"}},{"$f":"ABS((12-COUNTBLANK(Planner_MFS!$G$14:$R$14))*$F$5/Planner_MFS!$AP$34)","v":{"$error":"#VALUE!"}},{"$f":"ABS((12-COUNTBLANK(Planner_MFS!$G$15:$R$15))*$F$5/12)","v":0}]
[null,null,null,null,null,null,null,"Share on average feed/year",{"$f":"IFERROR(Planner_MFS!E12/SUM(Planner_MFS!$E$12:$E$15),0)","v":0},{"$f":"IFERROR(Planner_MFS!E13/SUM(Planner_MFS!$E$12:$E$15),0)","v":0},{"$f":"IFERROR(Planner_MFS!E14/SUM(Planner_MFS!$E$12:$E$15),0)","v":0},{"$f":"IFERROR(Planner_MFS!E15/SUM(Planner_MFS!$E$12:$E$15),0)","v":0}]
[null,null,"Biomass composition - dry basis ",null,null,null,null,"Biomass composition - dry basis "]
[null,null,"Cellulose",{"$f":"I11*$I$9 + J11*$J$9 + K11*$K$9+ L11*$L$9","v":0},"wt",null,2,"Cellulose",{"$f":"IFERROR(+HLOOKUP($I$7,'dummy database'!$L$30:$AB$39,$G11,FALSE),0)","v":0},{"$f":"IFERROR(+HLOOKUP($J$7,'dummy database'!$L$30:$AB$39,$G11,FALSE),0)","v":0},{"$f":"IFERROR(+HLOOKUP($K$7,'dummy database'!$L$30:$AB$39,$G11,FALSE),0)","v":0},{"$f":"IFERROR(+HLOOKUP($L$7,'dummy database'!$L$30:$AB$39,$G11,FALSE),0)","v":0}]
[null,null,"Hemicellulose",0,"wt",null,3,"Hemicellulose",{"$f":"IFERROR(+HLOOKUP($I$7,'dummy database'!$L$30:$AB$39,$G12,FALSE),0)","v":0},{"$f":"IFERROR(+HLOOKUP($J$7,'dummy database'!$L$30:$AB$39,$G12,FALSE),0)","v":0},{"$f":"IFERROR(+HLOOKUP($K$7,'dummy database'!$L$30:$AB$39,$G12,FALSE),0)","v":0},{"$f":"IFERROR(+HLOOKUP($L$7,'dummy database'!$L$30:$AB$39,$G12,FALSE),0)","v":0}]
[null,null,"Lignin",0,"wt",null,4,"Lignin",{"$f":"IFERROR(+HLOOKUP($I$7,'dummy database'!$L$30:$AB$39,$G13,FALSE),0)","v":0},{"$f":"IFERROR(+HLOOKUP($J$7,'dummy database'!$L$30:$AB$39,$G13,FALSE),0)","v":0},{"$f":"IFERROR(+HLOOKUP($K$7,'dummy database'!$L$30:$AB$39,$G13,FALSE),0)","v":0},{"$f":"IFERROR(+HLOOKUP($L$7,'dummy database'!$L$30:$AB$39,$G13,FALSE),0)","v":0}]
[null,null,"Ash",0,"wt",null,5,"Ash",{"$f":"IFERROR(+HLOOKUP($I$7,'dummy database'!$L$30:$AB$39,$G14,FALSE),0)","v":0},{"$f":"IFERROR(+HLOOKUP($J$7,'dummy database'!$L$30:$AB$39,$G14,FALSE),0)","v":0},{"$f":"IFERROR(+HLOOKUP($K$7,'dummy database'!$L$30:$AB$39,$G14,FALSE),0)","v":0},{"$f":"IFERROR(+HLOOKUP($L$7,'dummy database'!$L$30:$AB$39,$G14,FALSE),0)","v":0}]
[null,null,"Extractives",0,"wt",null,6,"Extractives",{"$f":"IFERROR(+HLOOKUP($I$7,'dummy database'!$L$30:$AB$39,$G15,FALSE),0)","v":0},{"$f":"IFERROR(+HLOOKUP($J$7,'dummy database'!$L$30:$AB$39,$G15,FALSE),0)","v":0},{"$f":"IFERROR(+HLOOKUP($K$7,'dummy database'!$L$30:$AB$39,$G15,FALSE),0)","v":0},{"$f":"IFERROR(+HLOOKUP($L$7,'dummy database'!$L$30:$AB$39,$G15,FALSE),0)","v":0},null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Multiplier cogeneration"]
[null,null,"Others ",0,"wt",null,7,"Others ",{"$f":"IFERROR(+HLOOKUP($I$7,'dummy database'!$L$30:$AB$39,$G16,FALSE),0)","v":0},{"$f":"IFERROR(+HLOOKUP($J$7,'dummy database'!$L$30:$AB$39,$G16,FALSE),0)","v":0},{"$f":"IFERROR(+HLOOKUP($K$7,'dummy database'!$L$30:$AB$39,$G16,FALSE),0)","v":0},{"$f":"IFERROR(+HLOOKUP($L$7,'dummy database'!$L$30:$AB$39,$G16,FALSE),0)","v":0},null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Allocator!I21","v":1}]
[null,null,"Total",{"$f":"SUM(D11:D16)","v":0},null,null,null,"Total",{"$f":"SUM(I11:I16)","v":0},{"$f":"SUM(J11:J16)","v":0},{"$f":"SUM(K11:K16)","v":0},{"$f":"SUM(L11:L16)","v":0}]
[]
[null,null,"Moisture content",null,null,null,null,"Moisture content"]
[null,null,null,{"$f":"I20*$I$9 + J20*$J$9 + K20*$K$9+ L20*$L$9","v":0},"wt",null,10,null,{"$f":"IFERROR(+HLOOKUP($I$7,'dummy database'!$L$30:$AB$39,$G20,FALSE),0)","v":0},{"$f":"IFERROR(+HLOOKUP($J$7,'dummy database'!$L$30:$AB$39,$G20,FALSE),0)","v":0},{"$f":"IFERROR(+HLOOKUP($K$7,'dummy database'!$L$30:$AB$39,$G20,FALSE),0)","v":0},{"$f":"IFERROR(+HLOOKUP($L$7,'dummy database'!$L$30:$AB$39,$G20,FALSE),0)","v":0}]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Summary of mass balances for base capacity",null,null,null,null,"Summary of energy balances for base capacity",null,null,null,null,null,null,"Mass balances at selected capacities"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Balance including cogeneration unit",null,null,null,null,null,null,"Capacities - ML/y",5,null,25,null,50,null,100]
[null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(M25:M26)","v":0},"kg/h",null,null,null,null,null,null,null,"Ethanol Plant",null,null,null,null,"Utility type","Required","Produced","Net Energy"]
[null,null,null,null,null,null,null,null,null,null,null,"Enzyme",{"$f":"C224*F217","v":0},"kg/h",null,null,null,null,null,null,null,"Stream","Inputs - kg/h","Outputs - kg/h",null,null,"Steam - MJ/h",{"$f":"D82*D8 + W29*2.2026","v":428260},{"$f":"J110*D8*AA16","v":{"$error":"#DIV/0!"}},{"$f":"AB25-AC25","v":{"$error":"#DIV/0!"}},null,null,null,"Ethanol Plant"]
[null,null,null,null,null,null,null,null,null,null,null,"Water",{"$f":"C227*F217","v":0},"kg/h",null,null,null,null,null,null,null,"Biomass",{"$f":"C30","v":100000},0,null,null,"Electricity - kWh/h",{"$f":"D85*D8","v":20000},{"$f":"J107*D8*AA16","v":{"$error":"#DIV/0!"}},{"$f":"(AB26-AC26)","v":{"$error":"#DIV/0!"}},null,null,null,"Capacity","5 ML",null,"25 ML",null,"50 ML",null,"100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sulfuric Acid",{"$f":"C31","v":0},0,null,null,"Be carefull, steam for pretreatment included as utility",null,null,null,null,null,null,"Stream","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",null,null,null,null,null,"Water",{"$f":"C32+M26-L61-N61","v":0},0,null,null,null,null,null,null,null,null,null,"Biomass",{"$f":"W58*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X58*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W58*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X58*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W58*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X58*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W58*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X58*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,"Cellulose",{"$f":"F205","v":0},"kg/h",null,null,null,null,"Cellulose",{"$f":"F240","v":0},"kg/h",null,null,null,"Steam",{"$f":"C33","v":100000},0,null,null,"Summary of external energy requiremens",null,null,null,null,null,null,"Sulfuric Acid",{"$f":"W59*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W59*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W59*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W59*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,"Biomass (wet)",{"$f":"(D8/((1-D20)/1))","v":100000},"kg/h",null,null,null,null,"Xylan",{"$f":"F206","v":0},"kg/h",null,null,null,null,"Hemicellulose",{"$f":"F241","v":0},"kg/h",null,null,null,"Ammonia",{"$f":"I40","v":0},0,null,null,"Steam - MJ/h",{"$f":"IF(AD25<0,0,AD25)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Sulfuric Acid",{"$f":"D8*C134","v":0},"kg/h",null,null,null,null,"Lignin",{"$f":"F207","v":0},"kg/h",null,null,null,null,"Lignin",{"$f":"F243","v":0},"kg/h",null,null,null,"Enzyme",{"$f":"M25","v":0},0,null,null,"Electricity - kWh/h",{"$f":"IF(AD26<0,0,AD26)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Water",{"$f":"D8*C138","v":400000},"kg/h",null,null,null,null,"Ash",{"$f":"F208","v":0},"kg/h",null,null,null,null,"Ash",{"$f":"F244","v":0},"kg/h",null,null,null,"Yeast",{"$f":"I39","v":0},{"$f":"Q45","v":0},null,null,null,null,null,null,null,null,null,"Ammonia",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Steam",{"$f":"D8*C141","v":100000},"kg/h",null,null,null,null,"Total",{"$f":"SUM(J29:J32)","v":0},"kg/h",null,null,null,null,"Total",{"$f":"SUM(Q29:Q32)","v":0},"kg/h",null,null,null,"Lignin",0,{"$f":"Q33","v":0},null,null,"Summary of electricity Exports",null,null,null,null,null,null,"Enzyme",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total",{"$f":"SUM(C30:C33)","v":600000},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",0,{"$f":"Q43","v":0},null,null,"Electricity - kWh/h",{"$f":"IF(AD26<0,-AD26,0)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Yeast",{"$error":"#DIV/0!"},null,{"$error":"#DIV/0!"},null,{"$error":"#DIV/0!"},null,{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"CO2",0,{"$f":"Q47","v":0},null,null,null,null,null,null,null,null,null,"Lignin",{"$error":"#DIV/0!"},{"$f":"(X65*$AI$23*1000000/(1000*1000)) +(X64*$AI$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"(X65*$AK$23*1000000/(1000*1000)) +(X64*$AK$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"(X65*$AM$23*1000000/(1000*1000)) +(X64*$AM$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"(X65*$AO$23*1000000/(1000*1000)) +(X64*$AO$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}}]
[null,"Note: steam @ 10 bar",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sludge",0,{"$f":"Q56","v":100000},null,null,null,null,null,null,null,null,null,"Ethanol",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Water",{"$f":"E215","v":500000},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W26:W36)","v":200000},{"$f":"SUM(X26:X36)","v":100000},null,null,null,null,null,null,null,null,null,"CO2",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Glucose",{"$f":"E211","v":0},"kg/h",null,null,null,null,"Water",{"$f":"E246","v":0},"kg/h",null,{"$f":"J33+M24-Q33-M40","v":0},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sludge",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Xylose",{"$f":"E212","v":0},"kg/h","Biomass",{"$f":"D269","v":0},"kg/h",null,"Glucose",{"$f":"E247","v":0},"kg/h",null,null,null,null,null,null,null,"Cogeneration Plant",null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI28:AI38)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AJ28:AJ38)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Others",{"$f":"E209+E213+E214+E216+E208+E210","v":0},"kg/h","Ammonia",{"$f":"D255*(F38+F39+M39)","v":0},"kg/h",null,"Total",{"$f":"SUM(M38:M39)","v":0},"kg/h",null,null,null,null,null,null,null,"Stream","Inputs - kg/h","Outputs - kg/h",null,null,null,null,null,null,null,null,null,"Cogeneration Plant"]
[null,null,null,null,"Total",{"$f":"SUM(F37:F40)","v":500000},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",{"$f":"X33","v":0},0,null,null,null,null,null,null,null,null,null,"Capacity","5 ML",null,"25 ML",null,"50 ML",null,"100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"X32","v":0},0,null,null,null,null,null,null,null,null,null,"Stream","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",{"$f":"E270","v":0},"kg/h",null,null,null,"Water",{"$f":"H118","v":{"$error":"#DIV/0!"}},0,null,null,null,null,null,null,null,null,null,"Lignin",{"$f":"W73*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W73*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W73*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W73*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Air",{"$f":"H119","v":0},0,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"W74*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W74*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W74*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W74*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"E269","v":0},"kg/h",null,null,null,"Flue gas",0,{"$f":"K117","v":0},null,null,null,null,null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"C34-F41-J33","v":100000},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Steam",0,{"$f":"K118","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Air",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,{"$f":"F41+I39+I40+M40-Q43-Q45-Q47-M49","v":0},null,null,null,null,null,null,"CO2",{"$f":"E271","v":0},"kg/h",null,null,null,"Ash",0,{"$f":"K119","v":0},null,null,null,null,null,null,null,null,null,"Flue gas",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W41:W47)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(X41:X47)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,"Stillage",{"$f":"M38+F37+F40+I40","v":500000},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ash",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI43:AI49)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AJ43:AJ49)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,"Stillage composition after fermentation"]
[null,null,"Water",{"$f":"F37+M38","v":500000},"kg/h",null,null,null,null,null,null,null,null,null,null,"Sludge",null,null,"waste",null,null,"Normalized Mass and Energy Balances - Balances used for any capacity",null,null,null,null,null,null,null,null,null,null,null,"Energy balances at selected capacities"]
[null,null,"Ammonia",{"$f":"I40","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Water",{"$f":"D52-L61-N61","v":100000},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Balances including both ethanol and cogeneration plants"]
[null,null,"Extractives",{"$f":"E209","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Others",{"$f":"D58+D59","v":0},"kg/h",null,null,null,"Mass Balances",null,null,null,null,"Energy Requirements",null,null,null,null,null,null,"Capacity","5 ML",null,"25 ML",null,"50 ML",null,"100 ML"]
[null,null,"Others ",{"$f":"E210","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Organics",{"$f":"SUM(D53:D57)","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Utility type","Required","For sales","Required","For sales","Required","For sales","Required","For sales"]
[null,null,"Furfural",{"$f":"E213","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(Q53:Q55)","v":100000},"kg/h",null,null,null,"Ethanol Plant",null,null,null,null,"Summary of external energy requiremens",null,null,null,null,null,null,"Steam - MJ/y",{"$f":"$AB$57*$AI$23*1000000","v":{"$error":"#DIV/0!"}},0,{"$f":"$AB$57*$AK$23*1000000","v":{"$error":"#DIV/0!"}},0,{"$f":"$AB$57*$AM$23*1000000","v":{"$error":"#DIV/0!"}},0,{"$f":"$AB$57*$AO$23*1000000","v":{"$error":"#DIV/0!"}},0]
[null,null,"HMF",{"$f":"E214","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Stream","Inputs - kg/L EtOH","Outputs - kg/L EtOH",null,null,"Steam - MJ/L EtOH",{"$f":"AB30/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Electricity - kWh/y",{"$f":"$AB$58*$AI$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AI$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$58*$AK$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AK$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$58*$AM$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AM$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$58*$AO$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AO$23*1000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Ash",{"$f":"E208","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Biomass (wet)",{"$f":"W26/$P$72","v":{"$error":"#DIV/0!"}},{"$f":"X26/$P$72","v":{"$error":"#DIV/0!"}},null,null,"Electricity - kWh/L EtOH",{"$f":"AB31/$P$72","v":{"$error":"#DIV/0!"}}]
[null,null,"Acid",{"$f":"E216","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,{"$f":"M49-L61-N61-Q56","v":0},null,null,null,null,"Sulfuric Acid",{"$f":"W27/$P$72","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,"Total",{"$f":"SUM(D52:D59)","v":500000},"kg/h",null,null,null,null,null,null,null,null,"water to hydrolysis",null,null,null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Summary of electricity Exports"]
[null,null,null,null,null,null,null,null,null,null,"Rec. Water",{"$f":"D8*C138","v":400000},"kg/h",{"$f":"C227*F217","v":0},"kg/h",null,null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Electricity - kWh/L EtOH",{"$f":"AB34/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Capital Investment"]
[null,null,null,null,null,null,null,null,null,null,null,"Be carefull recovered water to be recycled",null,null,null,null,null,null,null,null,null,"Ammonia",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Base case capacity ","63 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Enzyme",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Capex Cogeneration","USD",null,"Capex Ethanol Plant","USD",null,"Cogeneration Capex factor"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Buildings",{"$f":"32000000*4%*AO64","v":3199999.9999999991},null,"Buildings",{"$f":"32000000*96%","v":30720000},null,{"$f":"Allocator!I23","v":"Simple"},{"$f":"Allocator!J27","v":2.4999999999999991}]
[null,null,null,"Balance check",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Energy produced in cogeneration",null,null,null,null,null,null,"Plant and Equipment",{"$f":"125700000*4%*AO64","v":12569999.999999996},null,"Plant and Equipment",{"$f":"125700000*96%","v":120672000}]
[null,null,"kg/h","Inputs","Outputs","Difference",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"C34+I40+M24+I39","v":600000},{"$f":"Q43+Q45+Q47+Q33+Q56+N61+L61","v":500000},{"$f":"D67-E67","v":100000},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"CO2",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Summary of energy produced in cogeneration",null,null,null,null,null,null,"Total investment costs: Ethanol + Cogeneration systems"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sludge",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Steam - MW/ML/y EtOH",{"$f":"(AC25/3600)/(P72*'Data Entry Needs'!$G$43*24/1000000)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Capacity","5 ML","25 ML","50 ML","100 ML"]
[null,null,"Summary",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W58:W68)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(X58:X68)","v":{"$error":"#DIV/0!"}},null,null,"Electricity - kW/ML/y EtOH",{"$f":"(AC26*3.6*1000/3600)/(P72*'Data Entry Needs'!$G$43*24/1000000)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Buildings - USD",{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(5/63)^0.6,-3)","v":7418000},{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(25/63)^0.6,-3)","v":19482000},{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(50/63)^0.6,-3)","v":29528000},{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(100/63)^0.6,-3)","v":44757000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant and Equipment - USD",{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(5/63)^0.6,-3)","v":29136000},{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(25/63)^0.6,-3)","v":76525000},{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(50/63)^0.6,-3)","v":115990000},{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(100/63)^0.6,-3)","v":175808000}]
[null,null,"Ethanol yield",null,null,null,null,null,"Water requirements",null,null,null,null,null,null,"Liters of ethanol produced",null,null,null,null,null,"Cogeneration Plant",null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI69:AI70)","v":36554000},{"$f":"SUM(AJ69:AJ70)","v":96007000},{"$f":"SUM(AK69:AK70)","v":145518000},{"$f":"SUM(AL69:AL70)","v":220565000}]
[null,null,{"$f":"Q43/D8","v":0},"kg/kg RM (dry basis)",null,null,null,null,{"$f":"(C32+M26-L61-N61)/Q43","v":{"$error":"#DIV/0!"}},"m3/t ethanol",null,null,null,null,null,{"$f":"Q43*1000/(789)","v":0},"L/h",null,null,null,null,"Stream","Inputs - kg/L EtOH","Outputs - kg/L EtOH"]
[null,null,{"$f":"(C72/789)*(1000)*1000","v":0},"L/t RM dry",null,null,null,null,"After recycling water recovered from water treatment",null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",{"$f":"W41/$P$72","v":{"$error":"#DIV/0!"}},{"$f":"X41/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Investment costs: Cogeneration systems"]
[null,null,{"$f":"P72*1000/C30","v":0},"L/t RM wet",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"W42/$P$72","v":{"$error":"#DIV/0!"}},{"$f":"X42/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Capacity","5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Buildings - USD",{"$f":"ROUNDUP((($AI$64))*(5/63)^0.6,-3)","v":700000},{"$f":"ROUNDUP((($AI$64))*(25/63)^0.6,-3)","v":1838000},{"$f":"ROUNDUP((($AI$64))*(50/63)^0.6,-3)","v":2786000},{"$f":"ROUNDUP((($AI$64))*(100/63)^0.6,-3)","v":4223000}]
[null,null,"Lignin Yield",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Air",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Plant and Equipment - USD",{"$f":"ROUNDUP((($AI$65))*(5/63)^0.6,-3)","v":2749000},{"$f":"ROUNDUP((($AI$65))*(25/63)^0.6,-3)","v":7220000},{"$f":"ROUNDUP((($AI$65))*(50/63)^0.6,-3)","v":10943000},{"$f":"ROUNDUP((($AI$65))*(100/63)^0.6,-3)","v":16586000}]
[null,null,{"$f":"Q33/Q43","v":{"$error":"#DIV/0!"}},"kg/kg EtOh",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Flue gas",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI75:AI76)","v":3449000},{"$f":"SUM(AJ75:AJ76)","v":9058000},{"$f":"SUM(AK75:AK76)","v":13729000},{"$f":"SUM(AL75:AL76)","v":20809000}]
[null,null,{"$f":"Q33/D8","v":0},"kg/kg RM (dry basis)",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ash",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Performance cogeneration system"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W73:W79)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(X73:X79)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Capacity","5 ML","25 ML","50 ML","100 ML"]
[null,null,"Energy requirements",null,null,null,null,null,"Energy requirements",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Electricity Capacity (kW)",{"$f":"$AB$69*5","v":{"$error":"#DIV/0!"}},{"$f":"$AB$69*25","v":{"$error":"#DIV/0!"}},{"$f":"$AB$69*50","v":{"$error":"#DIV/0!"}},{"$f":"$AB$69*100","v":{"$error":"#DIV/0!"}}]
[null,null,"Heating",2.08,"MJ/kg RM (dry basis)",null,null,null,"Heating",{"$f":"(D82*D8/Q43)*0.789","v":{"$error":"#DIV/0!"}},"MJ/L Ethanol",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Heat Capacity (MW)",{"$f":"$AB$68*5","v":{"$error":"#DIV/0!"}},{"$f":"$AB$68*25","v":{"$error":"#DIV/0!"}},{"$f":"$AB$68*50","v":{"$error":"#DIV/0!"}},{"$f":"$AB$68*100","v":{"$error":"#DIV/0!"}}]
[null,null,"Cooling",0,"MJ/kg RM (dry basis)",null,null,null,"Cooling",{"$f":"(D83*D8/Q43)*0.789","v":{"$error":"#DIV/0!"}},"MJ/L Ethanol",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant Electricity Demand Supplied",{"$f":"IF(AD26<0,1,1-(AD26/AB26))","v":{"$error":"#DIV/0!"}},{"$f":"$AI$83","v":{"$error":"#DIV/0!"}},{"$f":"$AI$83","v":{"$error":"#DIV/0!"}},{"$f":"$AI$83","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant Heat Demand Supplied",{"$f":"IF(AD25<0,1,1-(AD25/AB25))","v":{"$error":"#DIV/0!"}},{"$f":"$AI$84","v":{"$error":"#DIV/0!"}},{"$f":"$AI$84","v":{"$error":"#DIV/0!"}},{"$f":"$AI$84","v":{"$error":"#DIV/0!"}}]
[null,null,"Electricity",0.2,"kWh/kg RM (dry basis)",null,null,null,"Electricity",{"$f":"(D85*$D$8/$Q$43)","v":{"$error":"#DIV/0!"}},"kWh/kg EtOH",null,"equal to MWh/t ethanol",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Electricity Surplus (% of total produced)",{"$f":"IF(AD26>0,0,(ABS(AD26))/AC26)","v":{"$error":"#DIV/0!"}},{"$f":"$AI$85","v":{"$error":"#DIV/0!"}},{"$f":"$AI$85","v":{"$error":"#DIV/0!"}},{"$f":"$AI$85","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,"Electricity",{"$f":"J85*0.789","v":{"$error":"#DIV/0!"}},"kWh/L"]
[]
[null,null,"Not integrated "]
[]
[]
[null,null,"Cogeneration"]
[null,null,"Turbine Eff",null,{"$f":"Allocator!$I$15","v":0.85}]
[null,null,"Electrical efficiency",null,{"$f":"Allocator!$J$24","v":0.2},null,"Multiplier sensitivity to include organics"]
[null,null,"Thermal Efficiency",null,{"$f":"Allocator!$J$25","v":0.2},null,0,null,null,null,null,null,"Heating value Steam"]
[null,null,null,null,{"$f":"(E94-E93)/(1-(E93/E92))","v":0},null,null,null,null,null,null,null,{"$f":"2.2026","v":2.2025999999999999},"MJ/kg"]
[null,null,null,null,null,null,"Lignin composition - free of Ash"]
[null,null,"Low heating values (LHV) - Moisture 0%",null,null,null,null,"kg/h","mass fraction","Heating Value",null,"MJ/h"]
[null,null,"Cellulose",17,"MJ/kg",null,"Cellulose",{"$f":"Q29","v":0},{"$f":"H98/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I98*D98","v":{"$error":"#DIV/0!"}},null,{"$f":"H98*D98","v":0}]
[null,null,"Hemicellulose",16,"MJ/kg",null,"Hemicellulose",{"$f":"Q30","v":0},{"$f":"H99/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I99*D99","v":{"$error":"#DIV/0!"}},null,{"$f":"H99*D99","v":0},null,null,"Air",{"$f":"2*H103","v":0},"kg/h"]
[null,null,"Lignin",25,"MJ/kg",null,"Lignin",{"$f":"Q31","v":0},{"$f":"H100/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I100*D100","v":{"$error":"#DIV/0!"}},null,{"$f":"H100*D100","v":0}]
[null,null,"Cell Biomass",16,"MJ/kg",null,"Cell Biomass",{"$f":"Q45","v":0},{"$f":"H101/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I101*D101","v":{"$error":"#DIV/0!"}},null,{"$f":"H101*D101","v":0},null,null,"Flue gas",{"$f":"P99+H103","v":0},"kg/h"]
[null,null,"Organics",17,"MJ/kg",null,"Organics",{"$f":"Q55*G94","v":0},{"$f":"H102/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I102*D102","v":{"$error":"#DIV/0!"}},null,{"$f":"H102*D102","v":0}]
[null,null,null,null,null,null,"Total",{"$f":"SUM(H98:H102)","v":0},{"$f":"SUM(I98:I102)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(J98:J102)","v":{"$error":"#DIV/0!"}},"MJ/kg"]
[null,null,null,null,null,null,null,null,null,{"$f":"J103*(H98+H99+H100+H101+H102)","v":{"$error":"#DIV/0!"}},"MJ/h",{"$f":"SUM(L98:L102)","v":0}]
[]
[]
[null,null,"Electricty produced",null,null,null,null,null,"Electricity produced",{"$f":"(C108/D8/3.6)","v":{"$error":"#DIV/0!"}},"kWh/kg RM (dry basis)"]
[null,null,{"$f":"E94*J104 -C111","v":{"$error":"#DIV/0!"}},"MJ/h",null,null,null,null,"Produced"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Steam produced",{"$f":"C111/M95","v":{"$error":"#DIV/0!"}},"kg/h"]
[null,null,"Steam produced",null,null,null,null,null,"Steam produced",{"$f":"(C111/D8)","v":{"$error":"#DIV/0!"}},"MJ/kg RM (dry basis)"]
[null,null,{"$f":"J104*E95","v":{"$error":"#DIV/0!"}},"MJ/h",null,null,null,null,"Produced"]
[]
[]
[null,null,null,"Mass balance cogeneration Unit"]
[]
[null,null,null,null,null,null,null,"Input kg/h",null,null,"ouput kg/h"]
[null,null,null,null,null,null,"Solids",{"$f":"H103+Q32","v":0},null,"Flue gas",{"$f":"P101","v":0}]
[null,null,null,null,null,null,"Water",{"$f":"P109","v":{"$error":"#DIV/0!"}},null,"Steam",{"$f":"P109","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,"Air",{"$f":"P99","v":0},null,"Ash",{"$f":"Q32","v":0}]
[null,null,null,null,null,null,"Total",{"$f":"SUM(H117:H119)","v":{"$error":"#DIV/0!"}},null,"Total",{"$f":"SUM(K117:K119)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,null,null,null,null,{"$f":"H120-K120","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,"Relations and calculations"]
[null,null,null,null,null,null,null,null,"Acid concetration"]
[null,null,"Sulfuric acid - before pretreatment",null,null,null,null,null,0.5,"% (w/v)",{"$f":"(I133/100)","v":5.0000000000000001E-3},"kg/L solución",null,0.02,"kg/kg solucion"]
[null,null,0,"kg/kg biomass (dry)",null,null,null,null,null,null,null,null,"mass frac"]
[null,null,"pure sulfuric acid, valid for all biomasses",null,null,null,null,null,null,null,"Acido sulfurico",{"$f":"K133*1000","v":5},{"$f":"L135/L137","v":5.0000000000000001E-3}]
[null,null,null,null,null,null,null,null,null,null,"Agua",{"$f":"1000-L135","v":995},{"$f":"L136/L137","v":0.995}]
[null,null,"Water for biomass dilution prior pretreatment",null,null,null,null,null,null,null,"Solucion ",1000]
[null,null,4,"kg water/kg biomass",null,null,null,"liquid/solid ratio"]
[null,null,null,null,null,null,null,5]
[null,null,"Steam for pretreatmet "]
[null,null,1,"kg steam/kg dry biomass"]
[null,null,"Steam at 180 ºC"]
[]
[null,null,"Pretreatment conversions and reactions"]
[]
[null,null,"reactions",null,null,null,null,null,"Conversion ",null,null,"Compounds","MW"]
[null,null,"reaction 1","CELLULOS(CIPSD)   -->  CELLULOS(MIXED)",null,null,null,null,1.6E-2,null,null,"Cellulose",162.14241999999999]
[null,null,"reaction 2","HEMICELL(CIPSD)   -->  HEMICELL(MIXED)",null,null,null,null,0.75,null,null,"Hemicellulose",132.11612]
[null,null,"reaction 3","LIGNIN(CIPSD)   -->  LIGNIN(MIXED)",null,null,null,null,0,null,null,"Lignin",122.49299999999999]
[null,null,"reaction 4","Extractives (CIPSD)   -->  Extractives(MIXED)",null,null,null,null,1,null,null,"Extractives",282.46676000000002]
[null,null,"reaction 5","Others(CIPSD)   -->  Others(MIXED)",null,null,null,null,1,null,null,"Others",170.12]
[null,null,"reaction 6","CELLULOS(MIXED)  + WATER(MIXED)   -->  GLUCOSE(MIXED)",null,null,null,null,1,null,null,"Glucose",180.15768]
[null,null,"reaction 7","Galactan(CIPSD)   -->  Galactan(MIXED)",null,null,null,null,{"$f":"I148","v":0.75},null,null,"Galactan",162.14241999999999]
[null,null,"reaction 8","Galactan(MIXED)  + WATER(MIXED)   -->  GLUCOSE(MIXED)",null,null,null,null,1,null,null,"Xylose",150.13140000000001]
[null,null,"reaction 9","HEMICELL(MIXED)  + WATER(MIXED)   -->  XYLOSE(MIXED)",null,null,null,null,1,null,null,"Furfural",96.085560000000001]
[null,null,"reaction 10","XYLOSE(MIXED)   -->  FURFURAL(MIXED) + 3 WATER(MIXED)",null,null,null,null,0.14000000000000001,null,null,"HMF",126.11]
[null,null,"reaction 11","GLUCOSE(MIXED)   -->  3 WATER(MIXED) + HMF(MIXED)",null,null,null,null,0.05,null,null,"Water",18.015280000000001]
[null,null,"reaction 12","Ash (non-soluble) --> Ash (soluble)",null,null,null,null,0.5]
[]
[null,null,null,"Molar balances each reaction"]
[null,null,null,"Reaction 1",null,null,null,null,null,null,null,"Reaction 7"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Cellulose -Solid",null,"Cellulose mixed",null,null,null,null,null,"GALACTAN -Solid",null,"Galactan mixed"]
[null,null,"kg/h",{"$f":"D8*D11*I147","v":0},null,{"$f":"D164","v":0},null,null,null,null,"kg/h",0,null,{"$f":"L164","v":0}]
[null,null,"kmol/h",{"$f":"D164/M147","v":0},null,{"$f":"F164/M147","v":0},null,null,null,null,"kmol/h",{"$f":"L164/M153","v":0},null,{"$f":"N164/M153","v":0}]
[]
[]
[null,null,null,"Reaction 2",null,null,null,null,null,null,null,"Reaction 8"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Hemicell -Solid",null,"Hemice mixed",null,null,null,null,null,"Galactan","water","glucose"]
[null,null,"kg/h",{"$f":"$D$8*D12*I148","v":0},null,{"$f":"D171","v":0},null,null,null,null,"kg/h",{"$f":"L172*M153","v":0},{"$f":"M172*M157","v":0},{"$f":"N172*M152","v":0}]
[null,null,"kmol/h",{"$f":"D171/M148","v":0},null,{"$f":"F171/M148","v":0},null,null,null,null,"kmol/h",{"$f":"N165*I154","v":0},{"$f":"L172","v":0},{"$f":"L172","v":0}]
[]
[]
[null,null,null,"Reaction 3",null,null,null,null,null,null,null,"Reaction 9"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Lignin -Solid",null,"Lignin mixed",null,null,null,null,null,"Hemicellulose","Water","Xylose"]
[null,null,"kg/h",{"$f":"$D$8*D13*I149","v":0},null,{"$f":"D178","v":0},null,null,null,null,"kg/h",{"$f":"L179*M148","v":0},{"$f":"M179*M157","v":0},{"$f":"N179*M154","v":0}]
[null,null,"kmol/h",{"$f":"D178/M149","v":0},null,{"$f":"F178/M149","v":0},null,null,null,null,"kmol/h",{"$f":"F172*I155","v":0},{"$f":"L179","v":0},{"$f":"L179","v":0}]
[]
[]
[null,null,null,"Reaction 4",null,null,null,null,null,null,null,"Reaction 10"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Extractives -Solid",null,"Extractives mixed",null,null,null,null,null,"Xylose",null,"Furfural","Water"]
[null,null,"kg/h",{"$f":"$D$8*D15*I150","v":0},null,{"$f":"D185","v":0},null,null,null,null,"kg/h",{"$f":"L186*M154","v":0},null,{"$f":"N186*M155","v":0},{"$f":"O186*M157","v":0}]
[null,null,"kmol/h",{"$f":"D185/M150","v":0},null,{"$f":"F185/M150","v":0},null,null,null,null,"kmol/h",{"$f":"N179*I156","v":0},null,{"$f":"L186","v":0},{"$f":"3*L186","v":0}]
[]
[]
[null,null,null,"Reaction 5",null,null,null,null,null,null,null,"Reaction 11"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Others -Solid",null,"Others mixed",null,null,null,null,null,"Glucose",null,"Water","HMF"]
[null,null,"kg/h",{"$f":"$D$8*D16*I151","v":0},null,{"$f":"D192","v":0},null,null,null,null,"kg/h",{"$f":"L193*M152","v":0},null,{"$f":"N193*M157","v":0},{"$f":"O193*M156","v":0}]
[null,null,"kmol/h",{"$f":"D192/M151","v":0},null,{"$f":"F192/M151","v":0},null,null,null,null,"kmol/h",{"$f":"(F200+N172)*I157","v":0},null,{"$f":"3*L193","v":0},{"$f":"L193","v":0}]
[]
[]
[null,null,null,"Reaction 6",null,null,null,null,null,null,null,"Reaction 12"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Cellulose mixed","Water","Glucose",null,null,null,null,null,"Ash solid",null,"Ash solube"]
[null,null,"kg/h",{"$f":"D200*M147","v":0},{"$f":"E200*M157","v":0},{"$f":"F200*M152","v":0},null,null,null,null,"kg/h",{"$f":"$D$8*D14*I158","v":0},null,{"$f":"L199","v":0}]
[null,null,"kmol/h",{"$f":"F165*I152","v":0},{"$f":"D200","v":0},{"$f":"D200","v":0},null,null,null,null,"kmol/h"]
[]
[]
[null,null,null,null,null,"kg/h"]
[null,null,null,"Input","Liquid","Solid"]
[null,null,"Cellulose",{"$f":"$D$8*D11","v":0},0,{"$f":"D205-D164","v":0}]
[null,null,"Xylan",0,0,{"$f":"D206-D171","v":0}]
[null,null,"Lignin",0,{"$f":"F178","v":0},{"$f":"D207-E207","v":0}]
[null,null,"Ash",0,{"$f":"N199","v":0},{"$f":"D208-E208","v":0}]
[null,null,"Extractives",0,{"$f":"F185","v":0},{"$f":"D209-E209","v":0}]
[null,null,"Others ",0,{"$f":"F192","v":0},{"$f":"D210-E210","v":0}]
[null,null,"Glucose",0,{"$f":"F199-L192","v":0},0]
[null,null,"Xylose",0,{"$f":"N178-L185","v":0},0]
[null,null,"Furfural",0,{"$f":"N185","v":0},0]
[null,null,"HMF",0,{"$f":"O192","v":0},0]
[null,null,"Water",{"$f":"(C30-D8)+C32+C33","v":500000},{"$f":"D215-E199-M171-M178+O185+N192","v":500000},0]
[null,null,"Sulfuric acid",{"$f":"C31","v":0},{"$f":"D216","v":0},0]
[null,null,"Total",{"$f":"SUM(D205:D216)","v":500000},{"$f":"SUM(E205:E216)","v":500000},{"$f":"SUM(F205:F216)","v":0}]
[]
[null,null,null,{"$f":"D217-E217-F217","v":0}]
[]
[null,null,"Enzymatic hydrolysis"]
[]
[null,null,"Enzyme dosage"]
[null,null,0.05,"kg enzyme/kg solid at entrance hydrolysis reactor",null,null,null,"Based on Novozymes Recommendations",null,null,null,"http://bioenergy.novozymes.com/en/cellulosic-ethanol/CellicCTec3/Documents/AS_2010-01668-03.pdf"]
[]
[null,null,"Water for dilution enzy,atic hydrolysis"]
[null,null,2.66,"kg water/kg solid"]
[]
[null,null,null,null,null,null,null,null,"Conversion"]
[null,null,"reaction","CELLULOSE + WATER(MIXED)   -->  GLUCOSE(MIXED)",null,null,null,null,0.82]
[]
[null,null,null,"Reaction 6"]
[null,null,null,"Reactants",null,"Products"]
[null,null,null,"Cellulose mixed","Water","Glucose"]
[null,null,"kg/h",{"$f":"F205*I230","v":0},{"$f":"E236*M157","v":0},{"$f":"F236*M152","v":0}]
[null,null,"kmol/h",{"$f":"D235/M147","v":0},{"$f":"D236","v":0},{"$f":"D236","v":0}]
[]
[]
[null,null,null,"Input","Liquid","Lignin"]
[null,null,"Cellulose",{"$f":"F205","v":0},0,{"$f":"D240-D235","v":0}]
[null,null,"Xylan",{"$f":"F206","v":0},0,{"$f":"D241","v":0}]
[null,null,"Galactan",{"$f":"L164","v":0},0,{"$f":"D242","v":0}]
[null,null,"Lignin",{"$f":"F207","v":0},0,{"$f":"D243","v":0}]
[null,null,"Ash",{"$f":"F208","v":0},0,{"$f":"D244","v":0}]
[null,null,"Enzyme",{"$f":"M25","v":0},0,0]
[null,null,"Water",{"$f":"M26","v":0},{"$f":"D246-E235+D245","v":0},0]
[null,null,"Glucose",0,{"$f":"F235","v":0},0]
[null,null,"Total",{"$f":"SUM(D240:D247)","v":0},{"$f":"SUM(E240:E247)","v":0},{"$f":"SUM(F240:F247)","v":0}]
[]
[null,null,null,"Difference"]
[null,null,null,{"$f":"D248-E248-F248","v":0}]
[]
[null,null,"Fermentation"]
[]
[null,null,"Ammonia",{"$f":"340/42688/0.25","v":3.1859070464767617E-2},"kg Ammonia/kg sugars ferm",null,null,"ammonia @ 25%"]
[]
[]
[]
[]
[null,null,null,"Assuming 80% of theoretical yields for ethanol (based on average values of different publications"]
[null,null,"from Xylose",{"$f":"0.51*80%","v":0.40800000000000003},null,"CO2",0.48857434667732408,"kg/kg xylose",null,null,"Biomass yield",null,null,"CO2 from biomass"]
[null,null,"from Glucose",{"$f":"0.51*80%","v":0.40800000000000003},null,"CO2",0.48857434667732408,"kg/kg glucose",null,null,0.13,"g biomass/ g Etanol",null,0.92300538794167575,"g CO2/g biomass"]
[]
[]
[null,null,"For fermentation  -  kg/h",null,null,null,{"$f":"0.8*0.51","v":0.40800000000000003}]
[null,null,null,"Input","Output"]
[null,null,"Glucose",{"$f":"F38+M39","v":0},{"$f":"0","v":0}]
[null,null,"Xylose",{"$f":"F39","v":0},0,null,null,null,{"$f":"9*1000/5000000","v":1.8E-3},"kg/L"]
[null,null,"Biomass",{"$f":"I272","v":0},{"$f":"D272-SUM(E267:E268,E270:E271)","v":0},null,{"$f":"E269+I272","v":0},null,"Biomass required feed"]
[null,null,"Ethanol",0,{"$f":"D262*D267 + D261*D268","v":0},null,null,null,{"$f":"I268/0.789","v":2.2813688212927753E-3},"kg/kg Ethanol"]
[null,null,"CO2",0,{"$f":"1.1*E270","v":0}]
[null,null,"Total",{"$f":"SUM(D267:D271)","v":0},{"$f":"SUM(E267:E271)","v":0},null,null,null,{"$f":"I270*E270","v":0},"kg/h"]
[]
[]
[null,null,null,null,{"$f":"D272-E272","v":0}]

{"sheet":"B_DA_FS1","index":91,"n_rows":275,"n_cols":42,"rows_kept":275,"cut":false,"hidden":true,"merged":[]}
[]
[null,null,"Calculations of Mass and Energy Balances - Dilute Acid"]
[]
[]
[null,"Feedstock",{"$f":"+'Data Entry Needs'!$E$11","v":" "},"Operating h per year",null,{"$f":"+'Data Entry Needs'!$G$43*24","v":0},"h/year"]
[]
[null,null,"Biomass Flowrate - dry basis - Caculus base"]
["`",null,null,1000,"kg/h"]
[]
[null,null,"Biomass composition - dry basis "]
[null,2,"Cellulose",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B11,FALSE),0)","v":0},"wt"]
[null,3,"Hemicellulose",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B12,FALSE),0)","v":0},"wt"]
[null,4,"Lignin",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B13,FALSE),0)","v":0},"wt"]
[null,5,"Ash",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B14,FALSE),0)","v":0},"wt"]
[null,6,"Extractives",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B15,FALSE),0)","v":0},"wt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Multiplier cogeneration"]
[null,7,"Others ",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B16,FALSE),0)","v":0},"wt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Allocator!I18","v":1}]
[null,null,"Total",{"$f":"SUM(D11:D16)","v":0}]
[]
[null,null,"Moisture content"]
[null,10,null,{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$39,$B20,FALSE),0)","v":0},"wt"]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Summary of mass balances for base capacity",null,null,null,null,"Summary of energy balances for base capacity",null,null,null,null,null,null,"Mass balances at selected capacities"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Balance including cogeneration unit",null,null,null,null,null,null,"Capacities - ML/y",5,null,25,null,50,null,100]
[null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(M25:M26)","v":0},"kg/h",null,null,null,null,null,null,null,"Ethanol Plant",null,null,null,null,"Utility type","Required","Produced","Net Energy"]
[null,null,null,null,null,null,null,null,null,null,null,"Enzyme",{"$f":"C224*F217","v":0},"kg/h",null,null,null,null,null,null,null,"Stream","Inputs - kg/h","Outputs - kg/h",null,null,"Steam - MJ/h",{"$f":"D82*D8","v":2690},{"$f":"J110*D8*AA16","v":{"$error":"#DIV/0!"}},{"$f":"AB25-AC25","v":{"$error":"#DIV/0!"}},null,null,null,"Ethanol Plant"]
[null,null,null,null,null,null,null,null,null,null,null,"Water",{"$f":"C227*F217","v":0},"kg/h",null,null,null,null,null,null,null,"Biomass",{"$f":"C30","v":1000},0,null,null,"Electricity - kWh/h",{"$f":"D85*D8","v":190},{"$f":"J107*D8*AA16","v":{"$error":"#DIV/0!"}},{"$f":"(AB26-AC26)","v":{"$error":"#DIV/0!"}},null,null,null,"Capacity","5 ML",null,"25 ML",null,"50 ML",null,"100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sulfuric Acid",{"$f":"C31","v":25},0,null,null,null,null,null,null,null,null,null,"Stream","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",null,null,null,null,null,"Water",{"$f":"C32+M26-L61-N61","v":0},0,null,null,null,null,null,null,null,null,null,"Biomass",{"$f":"W58*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X58*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W58*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W58*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W58*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,"Cellulose",{"$f":"F205","v":0},"kg/h",null,null,null,null,"Cellulose",{"$f":"F240","v":0},"kg/h",null,null,null,"Steam",{"$f":"C33","v":0},0,null,null,"Summary of external energy requiremens",null,null,null,null,null,null,"Sulfuric Acid",{"$f":"W59*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X59*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Biomass (wet)",{"$f":"(D8/((1-D20)/1))","v":1000},"kg/h",null,null,null,null,"Xylan",{"$f":"F206","v":0},"kg/h",null,null,null,null,"Hemicellulose",{"$f":"F241","v":0},"kg/h",null,null,null,"Ammonia",{"$f":"I40","v":0},0,null,null,"Steam - MJ/h",{"$f":"IF(AD25<0,0,AD25)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Sulfuric Acid",{"$f":"D8*C134","v":25},"kg/h",null,null,null,null,"Lignin",{"$f":"F207","v":0},"kg/h",null,null,null,null,"Lignin",{"$f":"F243","v":0},"kg/h",null,null,null,"Enzyme",{"$f":"M25","v":0},0,null,null,"Electricity - kWh/h",{"$f":"IF(AD26<0,0,AD26)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Water",{"$f":"D8*C138","v":4975},"kg/h",null,null,null,null,"Ash",{"$f":"F208","v":0},"kg/h",null,null,null,null,"Ash",{"$f":"F244","v":0},"kg/h",null,null,null,"Yeast",{"$f":"I39","v":0},{"$f":"Q45","v":0},null,null,null,null,null,null,null,null,null,"Ammonia",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Steam",{"$f":"D8*C141","v":0},"kg/h",null,null,null,null,"Total",{"$f":"SUM(J29:J32)","v":0},"kg/h",null,null,null,null,"Total",{"$f":"SUM(Q29:Q32)","v":0},"kg/h",null,null,null,"Lignin",0,{"$f":"Q33","v":0},null,null,"Summary of electricity Exports",null,null,null,null,null,null,"Enzyme",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total",{"$f":"SUM(C30:C33)","v":6000},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",0,{"$f":"Q43","v":0},null,null,"Electricity - kWh/h",{"$f":"IF(AD26<0,-AD26,0)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Yeast",{"$error":"#DIV/0!"},null,{"$f":"W64*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},null,{"$f":"W64*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},null,{"$f":"W64*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"CO2",0,{"$f":"Q47","v":0},null,null,null,null,null,null,null,null,null,"Lignin",{"$error":"#DIV/0!"},{"$f":"(X65*$AI$23*1000000/(1000*1000)) +(X64*$AI$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}},{"$f":"W65*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"(X65*$AK$23*1000000/(1000*1000)) +(X64*$AK$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}},{"$f":"W65*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"(X65*$AM$23*1000000/(1000*1000)) +(X64*$AM$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}},{"$f":"W65*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"(X65*$AO$23*1000000/(1000*1000)) +(X64*$AO$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}}]
[null,"Note: steam @ 10 bar",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sludge",0,{"$f":"Q56","v":25},null,null,null,null,null,null,null,null,null,"Ethanol",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"W66*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X66*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W66*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X66*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W66*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X66*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,"Water",{"$f":"E215","v":4975},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W26:W36)","v":1025},{"$f":"SUM(X26:X36)","v":25},null,null,null,null,null,null,null,null,null,"CO2",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"W67*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X67*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W67*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X67*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W67*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X67*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,"Glucose",{"$f":"E211","v":0},"kg/h",null,null,null,null,"Water",{"$f":"E246","v":0},"kg/h",null,{"$f":"J33+M24-Q33-M40","v":0},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sludge",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$f":"W68*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X68*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W68*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X68*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W68*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X68*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,"Xylose",{"$f":"E212","v":0},"kg/h","Biomass",{"$f":"D269","v":0},"kg/h",null,"Glucose",{"$f":"E247","v":0},"kg/h",null,null,null,null,null,null,null,"Cogeneration Plant",null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI28:AI38)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AJ28:AJ38)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Others",{"$f":"E209+E213+E214+E216+E208+E210","v":25},"kg/h","Ammonia",{"$f":"D255*(F38+F39+M39)","v":0},"kg/h",null,"Total",{"$f":"SUM(M38:M39)","v":0},"kg/h",null,null,null,null,null,null,null,"Stream","Inputs - kg/h","Outputs - kg/h",null,null,null,null,null,null,null,null,null,"Cogeneration Plant"]
[null,null,null,null,"Total",{"$f":"SUM(F37:F40)","v":5000},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",{"$f":"X33","v":0},0,null,null,null,null,null,null,null,null,null,"Capacity","5 ML",null,"25 ML",null,"50 ML",null,"100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"X32","v":0},0,null,null,null,null,null,null,null,null,null,"Stream","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",{"$f":"E270","v":0},"kg/h",null,null,null,"Water",{"$f":"H118","v":{"$error":"#DIV/0!"}},0,null,null,null,null,null,null,null,null,null,"Lignin",{"$f":"W73*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W73*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W73*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W73*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Air",{"$f":"H119","v":0},0,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"W74*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"E269","v":0},"kg/h",null,null,null,"Flue gas",0,{"$f":"K117","v":0},null,null,null,null,null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"C34-F41-J33","v":1000},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Steam",0,{"$f":"K118","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Air",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,{"$f":"F41+I39+I40+M40-Q43-Q45-Q47-M49","v":0},null,null,null,null,null,null,"CO2",{"$f":"E271","v":0},"kg/h",null,null,null,"Ash",0,{"$f":"K119","v":0},null,null,null,null,null,null,null,null,null,"Flue gas",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W41:W47)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(X41:X47)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,"Stillage",{"$f":"M38+F37+F40+I40","v":5000},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ash",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI43:AI49)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AJ43:AJ49)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,"Stillage composition after fermentation"]
[null,null,"Water",{"$f":"F37+M38","v":4975},"kg/h",null,null,null,null,null,null,null,null,null,null,"Sludge",null,null,"waste",null,null,"Normalized Mass and Energy Balances - Balances used for any capacity",null,null,null,null,null,null,null,null,null,null,null,"Energy balances at selected capacities"]
[null,null,"Ammonia",{"$f":"I40","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Water",{"$f":"D52-L61-N61","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Balances including both ethanol and cogeneration plants"]
[null,null,"Extractives",{"$f":"E209","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Others",{"$f":"D58+D59","v":25},"kg/h",{"$f":"Q53/Q56","v":0},null,null,"Mass Balances",null,null,null,null,"Energy Requirements",null,null,null,null,null,null,"Capacity","5 ML",null,"25 ML",null,"50 ML",null,"100 ML"]
[null,null,"Others ",{"$f":"E210","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Organics",{"$f":"SUM(D53:D57)","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Utility type","Required","For sales","Required","For sales","Required","For sales","Required","For sales"]
[null,null,"Furfural",{"$f":"E213","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(Q53:Q55)","v":25},"kg/h",null,null,null,"Ethanol Plant",null,null,null,null,"Summary of external energy requiremens",null,null,null,null,null,null,"Steam - MJ/y",{"$f":"$AB$57*$AI$23*1000000","v":{"$error":"#DIV/0!"}},0,{"$f":"$AB$57*$AK$23*1000000","v":{"$error":"#DIV/0!"}},0,{"$f":"$AB$57*$AM$23*1000000","v":{"$error":"#DIV/0!"}},0,{"$f":"$AB$57*$AO$23*1000000","v":{"$error":"#DIV/0!"}},0]
[null,null,"HMF",{"$f":"E214","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Stream","Inputs - kg/L EtOH","Outputs - kg/L EtOH",null,null,"Steam - MJ/L EtOH",{"$f":"AB30/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Electricity - kWh/y",{"$f":"$AB$58*$AI$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AI$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$58*$AK$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AK$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$58*$AM$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AM$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$58*$AO$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AO$23*1000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Ash",{"$f":"E208","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Biomass (wet)",{"$f":"W26/$P$72","v":{"$error":"#DIV/0!"}},{"$f":"X26/$P$72","v":{"$error":"#DIV/0!"}},null,null,"Electricity - kWh/L EtOH",{"$f":"AB31/$P$72","v":{"$error":"#DIV/0!"}}]
[null,null,"Acid",{"$f":"E216","v":25},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sulfuric Acid",{"$f":"W27/$P$72","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,"Total",{"$f":"SUM(D52:D59)","v":5000},"kg/h",null,null,null,null,null,null,null,null,"water to hydrolysis",null,null,{"$f":"M49-Q56-N61-L61","v":0},null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Summary of electricity Exports"]
[null,null,null,null,null,null,null,null,null,null,"Rec. Water",{"$f":"D8*C138","v":4975},"kg/h",{"$f":"C227*F217","v":0},"kg/h",null,null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Electricity - kWh/L EtOH",{"$f":"AB34/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Capital Investment"]
[null,null,null,null,null,null,null,null,null,null,null,"Be carefull recovered water to be recycled",null,null,null,null,null,null,null,null,null,"Ammonia",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Base case capacity ","63 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Enzyme",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Capex Cogeneration","USD",null,"Capex Ethanol Plant","USD",null,"Cogeneration Capex factor"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Buildings",{"$f":"32000000*4%*AO64","v":3199999.9999999991},null,"Buildings",{"$f":"32000000*96%","v":30720000},null,{"$f":"Allocator!I23","v":"Simple"},{"$f":"Allocator!J27","v":2.4999999999999991}]
[null,null,null,"Balance check",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Energy produced in cogeneration",null,null,null,null,null,null,"Plant and Equipment",{"$f":"122050000*4%*AO64","v":12204999.999999996},null,"Plant and Equipment",{"$f":"122050000*96%","v":117168000}]
[null,null,"kg/h","Inputs","Outputs","Difference",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"C34+I40+M24+I39","v":6000},{"$f":"Q43+Q45+Q47+Q33+Q56+N61+L61","v":5000},{"$f":"D67-E67","v":1000},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"CO2",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Summary of energy produced in cogeneration",null,null,null,null,null,null,"Total investment costs: Ethanol + Cogeneration systems"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sludge",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Steam - MW/ML/y EtOH",{"$f":"(AC25/3600)/(P72*'Data Entry Needs'!$G$43*24/1000000)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Capacity","5 ML","25 ML","50 ML","100 ML"]
[null,null,"Summary",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W58:W68)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(X58:X68)","v":{"$error":"#DIV/0!"}},null,null,"Electricity - kW/ML/y EtOH",{"$f":"(AC26*3.6*1000/3600)/(P72*'Data Entry Needs'!$G$43*24/1000000)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Buildings - USD",{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(5/63)^0.6,-3)","v":7418000},{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(25/63)^0.6,-3)","v":19482000},{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(50/63)^0.6,-3)","v":29528000},{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(100/63)^0.6,-3)","v":44757000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant and Equipment - USD",{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(5/63)^0.6,-3)","v":28290000},{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(25/63)^0.6,-3)","v":74303000},{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(50/63)^0.6,-3)","v":112622000},{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(100/63)^0.6,-3)","v":170703000}]
[null,null,"Ethanol yield",null,null,null,null,null,"Water requirements",null,null,null,null,null,null,"Liters of ethanol produced",null,null,null,null,null,"Cogeneration Plant",null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI69:AI70)","v":35708000},{"$f":"SUM(AJ69:AJ70)","v":93785000},{"$f":"SUM(AK69:AK70)","v":142150000},{"$f":"SUM(AL69:AL70)","v":215460000}]
[null,null,{"$f":"Q43/D8","v":0},"kg/kg RM (dry basis)",null,null,null,null,{"$f":"(C32+M26-L61-N61)/Q43","v":{"$error":"#DIV/0!"}},"m3/t ethanol",null,null,null,null,null,{"$f":"Q43*1000/(789)","v":0},"L/h",null,null,null,null,"Stream","Inputs - kg/L EtOH","Outputs - kg/L EtOH"]
[null,null,{"$f":"(C72/789)*(1000)*1000","v":0},"L/t RM dry",null,null,null,null,"After recycling water recovered from water treatment",null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",{"$f":"W41/$P$72","v":{"$error":"#DIV/0!"}},{"$f":"X41/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Investment costs: Cogeneration systems"]
[null,null,{"$f":"P72*1000/C30","v":0},"L/t RM wet",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"W42/$P$72","v":{"$error":"#DIV/0!"}},{"$f":"X42/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Capacity","5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Buildings - USD",{"$f":"ROUNDUP((($AI$64))*(5/63)^0.6,-3)","v":700000},{"$f":"ROUNDUP((($AI$64))*(25/63)^0.6,-3)","v":1838000},{"$f":"ROUNDUP((($AI$64))*(50/63)^0.6,-3)","v":2786000},{"$f":"ROUNDUP((($AI$64))*(100/63)^0.6,-3)","v":4223000}]
[null,null,"Lignin Yield",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Air",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Plant and Equipment - USD",{"$f":"ROUNDUP((($AI$65))*(5/63)^0.6,-3)","v":2669000},{"$f":"ROUNDUP((($AI$65))*(25/63)^0.6,-3)","v":7010000},{"$f":"ROUNDUP((($AI$65))*(50/63)^0.6,-3)","v":10625000},{"$f":"ROUNDUP((($AI$65))*(100/63)^0.6,-3)","v":16104000}]
[null,null,{"$f":"Q33/Q43","v":{"$error":"#DIV/0!"}},"kg/kg EtOh",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Flue gas",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI75:AI76)","v":3369000},{"$f":"SUM(AJ75:AJ76)","v":8848000},{"$f":"SUM(AK75:AK76)","v":13411000},{"$f":"SUM(AL75:AL76)","v":20327000}]
[null,null,{"$f":"Q33/D8","v":0},"kg/kg RM (dry basis)",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ash",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Performance cogeneration system"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W73:W79)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(X73:X79)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Capacity","5 ML","25 ML","50 ML","100 ML"]
[null,null,"Energy requirements",null,null,null,null,null,"Energy requirements",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Electricity Capacity (kW)",{"$f":"$AB$69*5","v":{"$error":"#DIV/0!"}},{"$f":"$AB$69*25","v":{"$error":"#DIV/0!"}},{"$f":"$AB$69*50","v":{"$error":"#DIV/0!"}},{"$f":"$AB$69*100","v":{"$error":"#DIV/0!"}}]
[null,null,"Heating",2.69,"MJ/kg RM (dry basis)",null,null,null,"Heating",{"$f":"(D82*D8/Q43)*0.789","v":{"$error":"#DIV/0!"}},"MJ/L Ethanol",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Heat Capacity (MW)",{"$f":"$AB$68*5","v":{"$error":"#DIV/0!"}},{"$f":"$AB$68*25","v":{"$error":"#DIV/0!"}},{"$f":"$AB$68*50","v":{"$error":"#DIV/0!"}},{"$f":"$AB$68*100","v":{"$error":"#DIV/0!"}}]
[null,null,"Cooling",0,"MJ/kg RM (dry basis)",null,null,null,"Cooling",{"$f":"(D83*D8/Q43)*0.789","v":{"$error":"#DIV/0!"}},"MJ/L Ethanol",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant Electricity Demand Supplied",{"$f":"IF(AD26<0,1,1-(AD26/AB26))","v":{"$error":"#DIV/0!"}},{"$f":"$AI$83","v":{"$error":"#DIV/0!"}},{"$f":"$AI$83","v":{"$error":"#DIV/0!"}},{"$f":"$AI$83","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant Heat Demand Supplied",{"$f":"IF(AD25<0,1,1-(AD25/AB25))","v":{"$error":"#DIV/0!"}},{"$f":"$AI$84","v":{"$error":"#DIV/0!"}},{"$f":"$AI$84","v":{"$error":"#DIV/0!"}},{"$f":"$AI$84","v":{"$error":"#DIV/0!"}}]
[null,null,"Electricity",0.19,"kWh/kg RM (dry basis)",null,null,null,"Electricity",{"$f":"(D85*$D$8/$Q$43)","v":{"$error":"#DIV/0!"}},"kWh/kg EtOH",null,"equal to MWh/t ethanol",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Electricity Surplus (% of total produced)",{"$f":"IF(AD26>0,0,(ABS(AD26))/AC26)","v":{"$error":"#DIV/0!"}},{"$f":"$AI$85","v":{"$error":"#DIV/0!"}},{"$f":"$AI$85","v":{"$error":"#DIV/0!"}},{"$f":"$AI$85","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,"Electricity",{"$f":"J85*0.789","v":{"$error":"#DIV/0!"}},"kWh/L"]
[]
[null,null,"Not integrated "]
[]
[]
[null,null,"Cogeneration"]
[null,null,"Turbine Eff",null,{"$f":"Allocator!$I$15","v":0.85}]
[null,null,"Electrical efficiency",null,{"$f":"Allocator!$J$24","v":0.2},null,"Multiplier sensitivity to include organics"]
[null,null,"Thermal Efficiency",null,{"$f":"Allocator!$J$25","v":0.2},null,0,null,null,null,null,null,"Heating value Steam"]
[null,null,null,null,{"$f":"(E94-E93)/(1-(E93/E92))","v":0},null,null,null,null,null,null,null,{"$f":"2.2026","v":2.2025999999999999},"MJ/kg"]
[null,null,null,null,null,null,"Lignin composition - free of Ash"]
[null,null,"Low heating values (LHV) - Moisture 0%",null,null,null,null,"kg/h","mass fraction","Heating Value",null,"MJ/h"]
[null,null,"Cellulose",17,"MJ/kg",null,"Cellulose",{"$f":"Q29","v":0},{"$f":"H98/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I98*D98","v":{"$error":"#DIV/0!"}},null,{"$f":"H98*D98","v":0}]
[null,null,"Hemicellulose",16,"MJ/kg",null,"Hemicellulose",{"$f":"Q30","v":0},{"$f":"H99/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I99*D99","v":{"$error":"#DIV/0!"}},null,{"$f":"H99*D99","v":0},null,null,"Air",{"$f":"2*H103","v":0},"kg/h"]
[null,null,"Lignin",25,"MJ/kg",null,"Lignin",{"$f":"Q31","v":0},{"$f":"H100/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I100*D100","v":{"$error":"#DIV/0!"}},null,{"$f":"H100*D100","v":0}]
[null,null,"Cell Biomass",16,"MJ/kg",null,"Cell Biomass",{"$f":"Q45","v":0},{"$f":"H101/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I101*D101","v":{"$error":"#DIV/0!"}},null,{"$f":"H101*D101","v":0},null,null,"Flue gas",{"$f":"P99+H103","v":0},"kg/h"]
[null,null,"Organics",17,"MJ/kg",null,"Organics",{"$f":"Q55*G94","v":0},{"$f":"H102/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I102*D102","v":{"$error":"#DIV/0!"}},null,{"$f":"H102*D102","v":0}]
[null,null,null,null,null,null,"Total",{"$f":"SUM(H98:H102)","v":0},{"$f":"SUM(I98:I102)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(J98:J102)","v":{"$error":"#DIV/0!"}},"MJ/kg"]
[null,null,null,null,null,null,null,null,null,{"$f":"J103*(H98+H99+H100+H101+H102)","v":{"$error":"#DIV/0!"}},"MJ/h",{"$f":"SUM(L98:L102)","v":0}]
[]
[]
[null,null,"Electricty produced",null,null,null,{"$f":"C108+C111","v":{"$error":"#DIV/0!"}},null,"Electricity produced",{"$f":"(C108/D8/3.6)","v":{"$error":"#DIV/0!"}},"kWh/kg RM (dry basis)"]
[null,null,{"$f":"E94*J104 -C111","v":{"$error":"#DIV/0!"}},"MJ/h",null,null,{"$f":"G107/J104","v":{"$error":"#DIV/0!"}},null,"Produced"]
[null,null,null,null,null,null,{"$f":"C108/J104","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,"Steam produced",{"$f":"C111/M95","v":{"$error":"#DIV/0!"}},"kg/h"]
[null,null,"Steam produced",null,null,null,null,null,"Steam produced",{"$f":"(C111/D8)","v":{"$error":"#DIV/0!"}},"MJ/kg RM (dry basis)"]
[null,null,{"$f":"J104*E95","v":{"$error":"#DIV/0!"}},"MJ/h",null,null,null,null,"Produced"]
[]
[]
[null,null,null,"Mass balance cogeneration Unit"]
[]
[null,null,null,null,null,null,null,"Input kg/h",null,null,"ouput kg/h"]
[null,null,null,null,null,null,"Solids",{"$f":"H103+Q32","v":0},null,"Flue gas",{"$f":"P101","v":0},null,null,"Total efficiency",null,"Electric Efficiency",null,"Thermal Efficiency"]
[null,null,null,null,null,null,"Water",{"$f":"P109","v":{"$error":"#DIV/0!"}},null,"Steam",{"$f":"P109","v":{"$error":"#DIV/0!"}},null,null,{"$f":"(C108+C111)/J104","v":{"$error":"#DIV/0!"}},null,{"$f":"C108/J104","v":{"$error":"#DIV/0!"}},null,{"$f":"C111/J104","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,"Air",{"$f":"P99","v":0},null,"Ash",{"$f":"Q32","v":0}]
[null,null,null,null,null,null,"Total",{"$f":"SUM(H117:H119)","v":{"$error":"#DIV/0!"}},null,"Total",{"$f":"SUM(K117:K119)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,null,null,null,null,{"$f":"H120-K120","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,"Relations and calculations"]
[null,null,null,null,null,null,null,null,"Acid concetration"]
[null,null,"Sulfuric acid - before pretreatment",null,null,null,null,null,0.5,"% (w/v)",{"$f":"(I133/100)","v":5.0000000000000001E-3},"kg/L solución",null,0.02,"kg/kg solucion"]
[null,null,{"$f":"H139*M135","v":2.5000000000000001E-2},"kg/kg biomass (dry)",null,null,null,null,null,null,null,null,"mass frac"]
[null,null,"pure sulfuric acid, valid for all biomasses",null,null,null,null,null,null,null,"Acido sulfurico",{"$f":"K133*1000","v":5},{"$f":"L135/L137","v":5.0000000000000001E-3}]
[null,null,null,null,null,null,null,null,null,null,"Agua",{"$f":"1000-L135","v":995},{"$f":"L136/L137","v":0.995}]
[null,null,"Water for biomass dilution prior pretreatment",null,null,null,null,null,null,null,"Solucion ",1000]
[null,null,{"$f":"H139*M136","v":4.9749999999999996},"kg water/kg biomass",null,null,null,"liquid/solid ratio"]
[null,null,null,null,null,null,null,5]
[null,null,"Steam for pretreatmet "]
[null,null,0,"kg steam/kg dry biomass"]
[null,null,"Steam at 180 ºC"]
[]
[null,null,"Pretreatment conversions and reactions"]
[]
[null,null,"reactions",null,null,null,null,null,"Conversion ",null,null,"Compounds","MW"]
[null,null,"reaction 1","CELLULOS(CIPSD)   -->  CELLULOS(MIXED)",null,null,null,null,1.6E-2,null,null,"Cellulose",162.14241999999999]
[null,null,"reaction 2","HEMICELL(CIPSD)   -->  HEMICELL(MIXED)",null,null,null,null,0.9,null,null,"Hemicellulose",132.11612]
[null,null,"reaction 3","LIGNIN(CIPSD)   -->  LIGNIN(MIXED)",null,null,null,null,0,null,null,"Lignin",122.49299999999999]
[null,null,"reaction 4","Extractives (CIPSD)   -->  Extractives(MIXED)",null,null,null,null,1,null,null,"Extractives",282.46676000000002]
[null,null,"reaction 5","Others(CIPSD)   -->  Others(MIXED)",null,null,null,null,1,null,null,"Others",170.12]
[null,null,"reaction 6","CELLULOS(MIXED)  + WATER(MIXED)   -->  GLUCOSE(MIXED)",null,null,null,null,1,null,null,"Glucose",180.15768]
[null,null,"reaction 7","Galactan(CIPSD)   -->  Galactan(MIXED)",null,null,null,null,{"$f":"I148","v":0.9},null,null,"Galactan",162.14241999999999]
[null,null,"reaction 8","Galactan(MIXED)  + WATER(MIXED)   -->  GLUCOSE(MIXED)",null,null,null,null,1,null,null,"Xylose",150.13140000000001]
[null,null,"reaction 9","HEMICELL(MIXED)  + WATER(MIXED)   -->  XYLOSE(MIXED)",null,null,null,null,1,null,null,"Furfural",96.085560000000001]
[null,null,"reaction 10","XYLOSE(MIXED)   -->  FURFURAL(MIXED) + 3 WATER(MIXED)",null,null,null,null,0.14000000000000001,null,null,"HMF",126.11]
[null,null,"reaction 11","GLUCOSE(MIXED)   -->  3 WATER(MIXED) + HMF(MIXED)",null,null,null,null,0.05,null,null,"Water",18.015280000000001]
[null,null,"reaction 12","Ash (non-soluble) --> Ash (soluble)",null,null,null,null,0.5]
[]
[null,null,null,"Molar balances each reaction"]
[null,null,null,"Reaction 1",null,null,null,null,null,null,null,"Reaction 7"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Cellulose -Solid",null,"Cellulose mixed",null,null,null,null,null,"GALACTAN -Solid",null,"Galactan mixed"]
[null,null,"kg/h",{"$f":"D8*D11*I147","v":0},null,{"$f":"D164","v":0},null,null,null,null,"kg/h",0,null,{"$f":"L164","v":0}]
[null,null,"kmol/h",{"$f":"D164/M147","v":0},null,{"$f":"F164/M147","v":0},null,null,null,null,"kmol/h",{"$f":"L164/M153","v":0},null,{"$f":"N164/M153","v":0}]
[]
[]
[null,null,null,"Reaction 2",null,null,null,null,null,null,null,"Reaction 8"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Hemicell -Solid",null,"Hemice mixed",null,null,null,null,null,"Galactan","water","glucose"]
[null,null,"kg/h",{"$f":"$D$8*D12*I148","v":0},null,{"$f":"D171","v":0},null,null,null,null,"kg/h",{"$f":"L172*M153","v":0},{"$f":"M172*M157","v":0},{"$f":"N172*M152","v":0}]
[null,null,"kmol/h",{"$f":"D171/M148","v":0},null,{"$f":"F171/M148","v":0},null,null,null,null,"kmol/h",{"$f":"N165*I154","v":0},{"$f":"L172","v":0},{"$f":"L172","v":0}]
[]
[]
[null,null,null,"Reaction 3",null,null,null,null,null,null,null,"Reaction 9"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Lignin -Solid",null,"Lignin mixed",null,null,null,null,null,"Hemicellulose","Water","Xylose"]
[null,null,"kg/h",{"$f":"$D$8*D13*I149","v":0},null,{"$f":"D178","v":0},null,null,null,null,"kg/h",{"$f":"L179*M148","v":0},{"$f":"M179*M157","v":0},{"$f":"N179*M154","v":0}]
[null,null,"kmol/h",{"$f":"D178/M149","v":0},null,{"$f":"F178/M149","v":0},null,null,null,null,"kmol/h",{"$f":"F172*I155","v":0},{"$f":"L179","v":0},{"$f":"L179","v":0}]
[]
[]
[null,null,null,"Reaction 4",null,null,null,null,null,null,null,"Reaction 10"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Extractives -Solid",null,"Extractives mixed",null,null,null,null,null,"Xylose",null,"Furfural","Water"]
[null,null,"kg/h",{"$f":"$D$8*D15*I150","v":0},null,{"$f":"D185","v":0},null,null,null,null,"kg/h",{"$f":"L186*M154","v":0},null,{"$f":"N186*M155","v":0},{"$f":"O186*M157","v":0}]
[null,null,"kmol/h",{"$f":"D185/M150","v":0},null,{"$f":"F185/M150","v":0},null,null,null,null,"kmol/h",{"$f":"N179*I156","v":0},null,{"$f":"L186","v":0},{"$f":"3*L186","v":0}]
[]
[]
[null,null,null,"Reaction 5",null,null,null,null,null,null,null,"Reaction 11"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Others -Solid",null,"Others mixed",null,null,null,null,null,"Glucose",null,"Water","HMF"]
[null,null,"kg/h",{"$f":"$D$8*D16*I151","v":0},null,{"$f":"D192","v":0},null,null,null,null,"kg/h",{"$f":"L193*M152","v":0},null,{"$f":"N193*M157","v":0},{"$f":"O193*M156","v":0}]
[null,null,"kmol/h",{"$f":"D192/M151","v":0},null,{"$f":"F192/M151","v":0},null,null,null,null,"kmol/h",{"$f":"(F200+N172)*I157","v":0},null,{"$f":"3*L193","v":0},{"$f":"L193","v":0}]
[]
[]
[null,null,null,"Reaction 6",null,null,null,null,null,null,null,"Reaction 12"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Cellulose mixed","Water","Glucose",null,null,null,null,null,"Ash solid",null,"Ash solube"]
[null,null,"kg/h",{"$f":"D200*M147","v":0},{"$f":"E200*M157","v":0},{"$f":"F200*M152","v":0},null,null,null,null,"kg/h",{"$f":"$D$8*D14*I158","v":0},null,{"$f":"L199","v":0}]
[null,null,"kmol/h",{"$f":"F165*I152","v":0},{"$f":"D200","v":0},{"$f":"D200","v":0},null,null,null,null,"kmol/h"]
[]
[]
[null,null,null,null,null,"kg/h"]
[null,null,null,"Input","Liquid","Solid"]
[null,null,"Cellulose",{"$f":"$D$8*D11","v":0},0,{"$f":"D205-D164","v":0}]
[null,null,"Xylan",0,0,{"$f":"D206-D171","v":0}]
[null,null,"Lignin",0,{"$f":"F178","v":0},{"$f":"D207-E207","v":0}]
[null,null,"Ash",0,{"$f":"N199","v":0},{"$f":"D208-E208","v":0}]
[null,null,"Extractives",0,{"$f":"F185","v":0},{"$f":"D209-E209","v":0}]
[null,null,"Others ",0,{"$f":"F192","v":0},{"$f":"D210-E210","v":0}]
[null,null,"Glucose",0,{"$f":"F199-L192","v":0},0]
[null,null,"Xylose",0,{"$f":"N178-L185","v":0},0]
[null,null,"Furfural",0,{"$f":"N185","v":0},0]
[null,null,"HMF",0,{"$f":"O192","v":0},0]
[null,null,"Water",{"$f":"(C30-D8)+C32+C33","v":4975},{"$f":"D215-E199-M171-M178+O185+N192","v":4975},0]
[null,null,"Sulfuric acid",{"$f":"C31","v":25},{"$f":"D216","v":25},0]
[null,null,"Total",{"$f":"SUM(D205:D216)","v":5000},{"$f":"SUM(E205:E216)","v":5000},{"$f":"SUM(F205:F216)","v":0}]
[]
[null,null,null,{"$f":"D217-E217-F217","v":0}]
[]
[null,null,"Enzymatic hydrolysis"]
[]
[null,null,"Enzyme dosage"]
[null,null,0.05,"kg enzyme/kg solid at entrance hydrolysis reactor",null,null,null,"Based on Novozymes Recommendations",null,null,null,"http://bioenergy.novozymes.com/en/cellulosic-ethanol/CellicCTec3/Documents/AS_2010-01668-03.pdf"]
[]
[null,null,"Water for dilution enzy,atic hydrolysis"]
[null,null,2.66,"kg water/kg solid"]
[]
[null,null,null,null,null,null,null,null,"Conversion"]
[null,null,"reaction","CELLULOSE + WATER(MIXED)   -->  GLUCOSE(MIXED)",null,null,null,null,0.82]
[]
[null,null,null,"Reaction 6"]
[null,null,null,"Reactants",null,"Products"]
[null,null,null,"Cellulose mixed","Water","Glucose"]
[null,null,"kg/h",{"$f":"F205*I230","v":0},{"$f":"E236*M157","v":0},{"$f":"F236*M152","v":0}]
[null,null,"kmol/h",{"$f":"D235/M147","v":0},{"$f":"D236","v":0},{"$f":"D236","v":0}]
[]
[]
[null,null,null,"Input","Liquid","Lignin"]
[null,null,"Cellulose",{"$f":"F205","v":0},0,{"$f":"D240-D235","v":0}]
[null,null,"Xylan",{"$f":"F206","v":0},0,{"$f":"D241","v":0}]
[null,null,"Galactan",{"$f":"L164","v":0},0,{"$f":"D242","v":0}]
[null,null,"Lignin",{"$f":"F207","v":0},0,{"$f":"D243","v":0}]
[null,null,"Ash",{"$f":"F208","v":0},0,{"$f":"D244","v":0}]
[null,null,"Enzyme",{"$f":"M25","v":0},0,0]
[null,null,"Water",{"$f":"M26","v":0},{"$f":"D246-E235+D245","v":0},0]
[null,null,"Glucose",0,{"$f":"F235","v":0},0]
[null,null,"Total",{"$f":"SUM(D240:D247)","v":0},{"$f":"SUM(E240:E247)","v":0},{"$f":"SUM(F240:F247)","v":0}]
[]
[null,null,null,"Difference"]
[null,null,null,{"$f":"D248-E248-F248","v":0}]
[]
[null,null,"Fermentation"]
[]
[null,null,"Ammonia",{"$f":"340/42688/0.25","v":3.1859070464767617E-2},"kg Ammonia/kg sugars ferm",null,null,"ammonia @ 25%"]
[]
[]
[]
[]
[null,null,null,"Assuming 80% of theoretical yields for ethanol (based on average values of different publications"]
[null,null,"from Xylose",{"$f":"0.51*80%","v":0.40800000000000003},null,"CO2",0.48857434667732408,"kg/kg xylose",null,null,"Biomass yield",null,null,"CO2 from biomass"]
[null,null,"from Glucose",{"$f":"0.51*80%","v":0.40800000000000003},null,"CO2",0.48857434667732408,"kg/kg glucose",null,null,0.13,"g biomass/ g Etanol",null,0.92300538794167575,"g CO2/g biomass"]
[]
[]
[null,null,"For fermentation  -  kg/h",null,null,null,{"$f":"0.8*0.51","v":0.40800000000000003}]
[null,null,null,"Input","Output"]
[null,null,"Glucose",{"$f":"F38+M39","v":0},{"$f":"0","v":0}]
[null,null,"Xylose",{"$f":"F39","v":0},0,null,null,null,{"$f":"9*1000/5000000","v":1.8E-3},"kg/L"]
[null,null,"Biomass",{"$f":"I272","v":0},{"$f":"D272-SUM(E267:E268,E270:E271)","v":0},null,{"$f":"E269+I272","v":0},null,"Biomass required feed"]
[null,null,"Ethanol",0,{"$f":"D262*D267 + D261*D268","v":0},null,null,null,{"$f":"I268/0.789","v":2.2813688212927753E-3},"kg/kg Ethanol"]
[null,null,"CO2",0,{"$f":"1.1*E270","v":0}]
[null,null,"Total",{"$f":"SUM(D267:D271)","v":0},{"$f":"SUM(E267:E271)","v":0},null,null,null,{"$f":"I270*E270","v":0},"kg/h"]
[]
[]
[null,null,null,null,{"$f":"D272-E272","v":0}]

{"sheet":"B_DA_FS2","index":92,"n_rows":275,"n_cols":42,"rows_kept":275,"cut":false,"hidden":true,"merged":[]}
[]
[null,null,"Calculations of Mass and Energy Balances - Dilute Acid"]
[]
[]
[null,"Feedstock",{"$f":"+'Data Entry Needs'!$F$11","v":" "},"Operating h per year",null,{"$f":"+'Data Entry Needs'!$G$43*24","v":0},"h/year"]
[]
[null,null,"Biomass Flowrate - dry basis - Caculus base"]
["`",null,null,100000,"kg/h"]
[]
[null,null,"Biomass composition - dry basis "]
[null,2,"Cellulose",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B11,FALSE),0)","v":0},"wt"]
[null,3,"Hemicellulose",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B12,FALSE),0)","v":0},"wt"]
[null,4,"Lignin",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B13,FALSE),0)","v":0},"wt"]
[null,5,"Ash",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B14,FALSE),0)","v":0},"wt"]
[null,6,"Extractives",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B15,FALSE),0)","v":0},"wt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Multiplier cogeneration"]
[null,7,"Others ",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B16,FALSE),0)","v":0},"wt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Allocator!I18","v":1}]
[null,null,"Total",{"$f":"SUM(D11:D16)","v":0}]
[]
[null,null,"Moisture content"]
[null,10,null,{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$39,$B20,FALSE),0)","v":0},"wt"]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Summary of mass balances for base capacity",null,null,null,null,"Summary of energy balances for base capacity",null,null,null,null,null,null,"Mass balances at selected capacities"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Balance including cogeneration unit",null,null,null,null,null,null,"Capacities - ML/y",5,null,25,null,50,null,100]
[null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(M25:M26)","v":0},"kg/h",null,null,null,null,null,null,null,"Ethanol Plant",null,null,null,null,"Utility type","Required","Produced","Net Energy"]
[null,null,null,null,null,null,null,null,null,null,null,"Enzyme",{"$f":"C224*F217","v":0},"kg/h",null,null,null,null,null,null,null,"Stream","Inputs - kg/h","Outputs - kg/h",null,null,"Steam - MJ/h",{"$f":"D82*D8","v":269000},{"$f":"J110*D8*AA16","v":{"$error":"#DIV/0!"}},{"$f":"AB25-AC25","v":{"$error":"#DIV/0!"}},null,null,null,"Ethanol Plant"]
[null,null,null,null,null,null,null,null,null,null,null,"Water",{"$f":"C227*F217","v":0},"kg/h",null,null,null,null,null,null,null,"Biomass",{"$f":"C30","v":100000},0,null,null,"Electricity - kWh/h",{"$f":"D85*D8","v":19000},{"$f":"J107*D8*AA16","v":{"$error":"#DIV/0!"}},{"$f":"(AB26-AC26)","v":{"$error":"#DIV/0!"}},null,null,null,"Capacity","5 ML",null,"25 ML",null,"50 ML",null,"100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sulfuric Acid",{"$f":"C31","v":2500},0,null,null,null,null,null,null,null,null,null,"Stream","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",null,null,null,null,null,"Water",{"$f":"C32+M26-L61-N61","v":0},0,null,null,null,null,null,null,null,null,null,"Biomass",{"$f":"W58*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X58*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W58*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X58*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W58*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X58*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W58*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X58*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,"Cellulose",{"$f":"F205","v":0},"kg/h",null,null,null,null,"Cellulose",{"$f":"F240","v":0},"kg/h",null,null,null,"Steam",{"$f":"C33","v":0},0,null,null,"Summary of external energy requiremens",null,null,null,null,null,null,"Sulfuric Acid",{"$f":"W59*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W59*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W59*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W59*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,"Biomass (wet)",{"$f":"(D8/((1-D20)/1))","v":100000},"kg/h",null,null,null,null,"Xylan",{"$f":"F206","v":0},"kg/h",null,null,null,null,"Hemicellulose",{"$f":"F241","v":0},"kg/h",null,null,null,"Ammonia",{"$f":"I40","v":0},0,null,null,"Steam - MJ/h",{"$f":"IF(AD25<0,0,AD25)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Sulfuric Acid",{"$f":"D8*C134","v":2500},"kg/h",null,null,null,null,"Lignin",{"$f":"F207","v":0},"kg/h",null,null,null,null,"Lignin",{"$f":"F243","v":0},"kg/h",null,null,null,"Enzyme",{"$f":"M25","v":0},0,null,null,"Electricity - kWh/h",{"$f":"IF(AD26<0,0,AD26)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Water",{"$f":"D8*C138","v":497499.99999999994},"kg/h",null,null,null,null,"Ash",{"$f":"F208","v":0},"kg/h",null,null,null,null,"Ash",{"$f":"F244","v":0},"kg/h",null,null,null,"Yeast",{"$f":"I39","v":0},{"$f":"Q45","v":0},null,null,null,null,null,null,null,null,null,"Ammonia",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Steam",{"$f":"D8*C141","v":0},"kg/h",null,null,null,null,"Total",{"$f":"SUM(J29:J32)","v":0},"kg/h",null,null,null,null,"Total",{"$f":"SUM(Q29:Q32)","v":0},"kg/h",null,null,null,"Lignin",0,{"$f":"Q33","v":0},null,null,"Summary of electricity Exports",null,null,null,null,null,null,"Enzyme",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total",{"$f":"SUM(C30:C33)","v":600000},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",0,{"$f":"Q43","v":0},null,null,"Electricity - kWh/h",{"$f":"IF(AD26<0,-AD26,0)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Yeast",{"$error":"#DIV/0!"},null,{"$error":"#DIV/0!"},null,{"$error":"#DIV/0!"},null,{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"CO2",0,{"$f":"Q47","v":0},null,null,null,null,null,null,null,null,null,"Lignin",{"$error":"#DIV/0!"},{"$f":"(X65*$AI$23*1000000/(1000*1000)) +(X64*$AI$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"(X65*$AK$23*1000000/(1000*1000)) +(X64*$AK$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"(X65*$AM$23*1000000/(1000*1000)) +(X64*$AM$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"(X65*$AO$23*1000000/(1000*1000)) +(X64*$AO$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}}]
[null,"Note: steam @ 10 bar",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sludge",0,{"$f":"Q56","v":2500},null,null,null,null,null,null,null,null,null,"Ethanol",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Water",{"$f":"E215","v":497499.99999999994},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W26:W36)","v":102500},{"$f":"SUM(X26:X36)","v":2500},null,null,null,null,null,null,null,null,null,"CO2",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Glucose",{"$f":"E211","v":0},"kg/h",null,null,null,null,"Water",{"$f":"E246","v":0},"kg/h",null,{"$f":"J33+M24-Q33-M40","v":0},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sludge",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Xylose",{"$f":"E212","v":0},"kg/h","Biomass",{"$f":"D269","v":0},"kg/h",null,"Glucose",{"$f":"E247","v":0},"kg/h",null,null,null,null,null,null,null,"Cogeneration Plant",null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI28:AI38)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AJ28:AJ38)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Others",{"$f":"E209+E213+E214+E216+E208+E210","v":2500},"kg/h","Ammonia",{"$f":"D255*(F38+F39+M39)","v":0},"kg/h",null,"Total",{"$f":"SUM(M38:M39)","v":0},"kg/h",null,null,null,null,null,null,null,"Stream","Inputs - kg/h","Outputs - kg/h",null,null,null,null,null,null,null,null,null,"Cogeneration Plant"]
[null,null,null,null,"Total",{"$f":"SUM(F37:F40)","v":499999.99999999994},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",{"$f":"X33","v":0},0,null,null,null,null,null,null,null,null,null,"Capacity","5 ML",null,"25 ML",null,"50 ML",null,"100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"X32","v":0},0,null,null,null,null,null,null,null,null,null,"Stream","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",{"$f":"E270","v":0},"kg/h",null,null,null,"Water",{"$f":"H118","v":{"$error":"#DIV/0!"}},0,null,null,null,null,null,null,null,null,null,"Lignin",{"$f":"W73*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W73*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W73*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W73*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Air",{"$f":"H119","v":0},0,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"W74*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W74*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W74*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W74*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"E269","v":0},"kg/h",null,null,null,"Flue gas",0,{"$f":"K117","v":0},null,null,null,null,null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"C34-F41-J33","v":100000.00000000006},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Steam",0,{"$f":"K118","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Air",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,{"$f":"F41+I39+I40+M40-Q43-Q45-Q47-M49","v":0},null,null,null,null,null,null,"CO2",{"$f":"E271","v":0},"kg/h",null,null,null,"Ash",0,{"$f":"K119","v":0},null,null,null,null,null,null,null,null,null,"Flue gas",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W41:W47)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(X41:X47)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,"Stillage",{"$f":"M38+F37+F40+I40","v":499999.99999999994},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ash",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI43:AI49)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AJ43:AJ49)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,"Stillage composition after fermentation"]
[null,null,"Water",{"$f":"F37+M38","v":497499.99999999994},"kg/h",null,null,null,null,null,null,null,null,null,null,"Sludge",null,null,"waste",null,null,"Normalized Mass and Energy Balances - Balances used for any capacity",null,null,null,null,null,null,null,null,null,null,null,"Energy balances at selected capacities"]
[null,null,"Ammonia",{"$f":"I40","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Water",{"$f":"D52-L61-N61","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Balances including both ethanol and cogeneration plants"]
[null,null,"Extractives",{"$f":"E209","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Others",{"$f":"D58+D59","v":2500},"kg/h",null,null,null,"Mass Balances",null,null,null,null,"Energy Requirements",null,null,null,null,null,null,"Capacity","5 ML",null,"25 ML",null,"50 ML",null,"100 ML"]
[null,null,"Others ",{"$f":"E210","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Organics",{"$f":"SUM(D53:D57)","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Utility type","Required","For sales","Required","For sales","Required","For sales","Required","For sales"]
[null,null,"Furfural",{"$f":"E213","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(Q53:Q55)","v":2500},"kg/h",null,null,null,"Ethanol Plant",null,null,null,null,"Summary of external energy requiremens",null,null,null,null,null,null,"Steam - MJ/y",{"$f":"$AB$57*$AI$23*1000000","v":{"$error":"#DIV/0!"}},0,{"$f":"$AB$57*$AK$23*1000000","v":{"$error":"#DIV/0!"}},0,{"$f":"$AB$57*$AM$23*1000000","v":{"$error":"#DIV/0!"}},0,{"$f":"$AB$57*$AO$23*1000000","v":{"$error":"#DIV/0!"}},0]
[null,null,"HMF",{"$f":"E214","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Stream","Inputs - kg/L EtOH","Outputs - kg/L EtOH",null,null,"Steam - MJ/L EtOH",{"$f":"AB30/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Electricity - kWh/y",{"$f":"$AB$58*$AI$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AI$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$58*$AK$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AK$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$58*$AM$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AM$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$58*$AO$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AO$23*1000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Ash",{"$f":"E208","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Biomass (wet)",{"$f":"W26/$P$72","v":{"$error":"#DIV/0!"}},{"$f":"X26/$P$72","v":{"$error":"#DIV/0!"}},null,null,"Electricity - kWh/L EtOH",{"$f":"AB31/$P$72","v":{"$error":"#DIV/0!"}}]
[null,null,"Acid",{"$f":"E216","v":2500},"kg/h",null,null,null,null,null,null,null,null,null,null,null,{"$f":"M49-L61-N61-Q56","v":0},null,null,null,null,"Sulfuric Acid",{"$f":"W27/$P$72","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,"Total",{"$f":"SUM(D52:D59)","v":499999.99999999994},"kg/h",null,null,null,null,null,null,null,null,"water to hydrolysis",null,null,null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Summary of electricity Exports"]
[null,null,null,null,null,null,null,null,null,null,"Rec. Water",{"$f":"D8*C138","v":497499.99999999994},"kg/h",{"$f":"C227*F217","v":0},"kg/h",null,null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Electricity - kWh/L EtOH",{"$f":"AB34/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Capital Investment"]
[null,null,null,null,null,null,null,null,null,null,null,"Be carefull recovered water to be recycled",null,null,null,null,null,null,null,null,null,"Ammonia",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Base case capacity ","63 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Enzyme",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Capex Cogeneration","USD",null,"Capex Ethanol Plant","USD",null,"Cogeneration Capex factor"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Buildings",{"$f":"32000000*4%*AO64","v":3199999.9999999991},null,"Buildings",{"$f":"32000000*96%","v":30720000},null,{"$f":"Allocator!I23","v":"Simple"},{"$f":"Allocator!J27","v":2.4999999999999991}]
[null,null,null,"Balance check",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Energy produced in cogeneration",null,null,null,null,null,null,"Plant and Equipment",{"$f":"122050000*4%*AO64","v":12204999.999999996},null,"Plant and Equipment",{"$f":"122050000*96%","v":117168000}]
[null,null,"kg/h","Inputs","Outputs","Difference",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"C34+I40+M24+I39","v":600000},{"$f":"Q43+Q45+Q47+Q33+Q56+N61+L61","v":499999.99999999994},{"$f":"D67-E67","v":100000.00000000006},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"CO2",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Summary of energy produced in cogeneration",null,null,null,null,null,null,"Total investment costs: Ethanol + Cogeneration systems"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sludge",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Steam - MW/ML/y EtOH",{"$f":"(AC25/3600)/(P72*'Data Entry Needs'!$G$43*24/1000000)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Capacity","5 ML","25 ML","50 ML","100 ML"]
[null,null,"Summary",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W58:W68)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(X58:X68)","v":{"$error":"#DIV/0!"}},null,null,"Electricity - kW/ML/y EtOH",{"$f":"(AC26*3.6*1000/3600)/(P72*'Data Entry Needs'!$G$43*24/1000000)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Buildings - USD",{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(5/63)^0.6,-3)","v":7418000},{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(25/63)^0.6,-3)","v":19482000},{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(50/63)^0.6,-3)","v":29528000},{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(100/63)^0.6,-3)","v":44757000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant and Equipment - USD",{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(5/63)^0.6,-3)","v":28290000},{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(25/63)^0.6,-3)","v":74303000},{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(50/63)^0.6,-3)","v":112622000},{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(100/63)^0.6,-3)","v":170703000}]
[null,null,"Ethanol yield",null,null,null,null,null,"Water requirements",null,null,null,null,null,null,"Liters of ethanol produced",null,null,null,null,null,"Cogeneration Plant",null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI69:AI70)","v":35708000},{"$f":"SUM(AJ69:AJ70)","v":93785000},{"$f":"SUM(AK69:AK70)","v":142150000},{"$f":"SUM(AL69:AL70)","v":215460000}]
[null,null,{"$f":"Q43/D8","v":0},"kg/kg RM (dry basis)",null,null,null,null,{"$f":"(C32+M26-L61-N61)/Q43","v":{"$error":"#DIV/0!"}},"m3/t ethanol",null,null,null,null,null,{"$f":"Q43*1000/(789)","v":0},"L/h",null,null,null,null,"Stream","Inputs - kg/L EtOH","Outputs - kg/L EtOH"]
[null,null,{"$f":"(C72/789)*(1000)*1000","v":0},"L/t RM dry",null,null,null,null,"After recycling water recovered from water treatment",null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",{"$f":"W41/$P$72","v":{"$error":"#DIV/0!"}},{"$f":"X41/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Investment costs: Cogeneration systems"]
[null,null,{"$f":"P72*1000/C30","v":0},"L/t RM wet",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"W42/$P$72","v":{"$error":"#DIV/0!"}},{"$f":"X42/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Capacity","5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Buildings - USD",{"$f":"ROUNDUP((($AI$64))*(5/63)^0.6,-3)","v":700000},{"$f":"ROUNDUP((($AI$64))*(25/63)^0.6,-3)","v":1838000},{"$f":"ROUNDUP((($AI$64))*(50/63)^0.6,-3)","v":2786000},{"$f":"ROUNDUP((($AI$64))*(100/63)^0.6,-3)","v":4223000}]
[null,null,"Lignin Yield",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Air",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Plant and Equipment - USD",{"$f":"ROUNDUP((($AI$65))*(5/63)^0.6,-3)","v":2669000},{"$f":"ROUNDUP((($AI$65))*(25/63)^0.6,-3)","v":7010000},{"$f":"ROUNDUP((($AI$65))*(50/63)^0.6,-3)","v":10625000},{"$f":"ROUNDUP((($AI$65))*(100/63)^0.6,-3)","v":16104000}]
[null,null,{"$f":"Q33/Q43","v":{"$error":"#DIV/0!"}},"kg/kg EtOh",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Flue gas",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI75:AI76)","v":3369000},{"$f":"SUM(AJ75:AJ76)","v":8848000},{"$f":"SUM(AK75:AK76)","v":13411000},{"$f":"SUM(AL75:AL76)","v":20327000}]
[null,null,{"$f":"Q33/D8","v":0},"kg/kg RM (dry basis)",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ash",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Performance cogeneration system"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W73:W79)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(X73:X79)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Capacity","5 ML","25 ML","50 ML","100 ML"]
[null,null,"Energy requirements",null,null,null,null,null,"Energy requirements",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Electricity Capacity (kW)",{"$f":"$AB$69*5","v":{"$error":"#DIV/0!"}},{"$f":"$AB$69*25","v":{"$error":"#DIV/0!"}},{"$f":"$AB$69*50","v":{"$error":"#DIV/0!"}},{"$f":"$AB$69*100","v":{"$error":"#DIV/0!"}}]
[null,null,"Heating",2.69,"MJ/kg RM (dry basis)",null,null,null,"Heating",{"$f":"(D82*D8/Q43)*0.789","v":{"$error":"#DIV/0!"}},"MJ/L Ethanol",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Heat Capacity (MW)",{"$f":"$AB$68*5","v":{"$error":"#DIV/0!"}},{"$f":"$AB$68*25","v":{"$error":"#DIV/0!"}},{"$f":"$AB$68*50","v":{"$error":"#DIV/0!"}},{"$f":"$AB$68*100","v":{"$error":"#DIV/0!"}}]
[null,null,"Cooling",0,"MJ/kg RM (dry basis)",null,null,null,"Cooling",{"$f":"(D83*D8/Q43)*0.789","v":{"$error":"#DIV/0!"}},"MJ/L Ethanol",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant Electricity Demand Supplied",{"$f":"IF(AD26<0,1,1-(AD26/AB26))","v":{"$error":"#DIV/0!"}},{"$f":"$AI$83","v":{"$error":"#DIV/0!"}},{"$f":"$AI$83","v":{"$error":"#DIV/0!"}},{"$f":"$AI$83","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant Heat Demand Supplied",{"$f":"IF(AD25<0,1,1-(AD25/AB25))","v":{"$error":"#DIV/0!"}},{"$f":"$AI$84","v":{"$error":"#DIV/0!"}},{"$f":"$AI$84","v":{"$error":"#DIV/0!"}},{"$f":"$AI$84","v":{"$error":"#DIV/0!"}}]
[null,null,"Electricity",0.19,"kWh/kg RM (dry basis)",null,null,null,"Electricity",{"$f":"(D85*$D$8/$Q$43)","v":{"$error":"#DIV/0!"}},"kWh/kg EtOH",null,"equal to MWh/t ethanol",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Electricity Surplus (% of total produced)",{"$f":"IF(AD26>0,0,(ABS(AD26))/AC26)","v":{"$error":"#DIV/0!"}},{"$f":"$AI$85","v":{"$error":"#DIV/0!"}},{"$f":"$AI$85","v":{"$error":"#DIV/0!"}},{"$f":"$AI$85","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,"Electricity",{"$f":"J85*0.789","v":{"$error":"#DIV/0!"}},"kWh/L"]
[]
[null,null,"Not integrated "]
[]
[]
[null,null,"Cogeneration"]
[null,null,"Turbine Eff",null,{"$f":"Allocator!$I$15","v":0.85}]
[null,null,"Electrical efficiency",null,{"$f":"Allocator!$J$24","v":0.2},null,"Multiplier sensitivity to include organics"]
[null,null,"Thermal Efficiency",null,{"$f":"Allocator!$J$25","v":0.2},null,0,null,null,null,null,null,"Heating value Steam"]
[null,null,null,null,{"$f":"(E94-E93)/(1-(E93/E92))","v":0},null,null,null,null,null,null,null,{"$f":"2.2026","v":2.2025999999999999},"MJ/kg"]
[null,null,null,null,null,null,"Lignin composition - free of Ash"]
[null,null,"Low heating values (LHV) - Moisture 0%",null,null,null,null,"kg/h","mass fraction","Heating Value",null,"MJ/h"]
[null,null,"Cellulose",17,"MJ/kg",null,"Cellulose",{"$f":"Q29","v":0},{"$f":"H98/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I98*D98","v":{"$error":"#DIV/0!"}},null,{"$f":"H98*D98","v":0}]
[null,null,"Hemicellulose",16,"MJ/kg",null,"Hemicellulose",{"$f":"Q30","v":0},{"$f":"H99/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I99*D99","v":{"$error":"#DIV/0!"}},null,{"$f":"H99*D99","v":0},null,null,"Air",{"$f":"2*H103","v":0},"kg/h"]
[null,null,"Lignin",25,"MJ/kg",null,"Lignin",{"$f":"Q31","v":0},{"$f":"H100/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I100*D100","v":{"$error":"#DIV/0!"}},null,{"$f":"H100*D100","v":0}]
[null,null,"Cell Biomass",16,"MJ/kg",null,"Cell Biomass",{"$f":"Q45","v":0},{"$f":"H101/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I101*D101","v":{"$error":"#DIV/0!"}},null,{"$f":"H101*D101","v":0},null,null,"Flue gas",{"$f":"P99+H103","v":0},"kg/h"]
[null,null,"Organics",17,"MJ/kg",null,"Organics",{"$f":"Q55*G94","v":0},{"$f":"H102/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I102*D102","v":{"$error":"#DIV/0!"}},null,{"$f":"H102*D102","v":0}]
[null,null,null,null,null,null,"Total",{"$f":"SUM(H98:H102)","v":0},{"$f":"SUM(I98:I102)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(J98:J102)","v":{"$error":"#DIV/0!"}},"MJ/kg"]
[null,null,null,null,null,null,null,null,null,{"$f":"J103*(H98+H99+H100+H101+H102)","v":{"$error":"#DIV/0!"}},"MJ/h",{"$f":"SUM(L98:L102)","v":0}]
[]
[]
[null,null,"Electricty produced",null,null,null,null,null,"Electricity produced",{"$f":"(C108/D8/3.6)","v":{"$error":"#DIV/0!"}},"kWh/kg RM (dry basis)"]
[null,null,{"$f":"E94*J104 -C111","v":{"$error":"#DIV/0!"}},"MJ/h",null,null,null,null,"Produced"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Steam produced",{"$f":"C111/M95","v":{"$error":"#DIV/0!"}},"kg/h"]
[null,null,"Steam produced",null,null,null,null,null,"Steam produced",{"$f":"(C111/D8)","v":{"$error":"#DIV/0!"}},"MJ/kg RM (dry basis)"]
[null,null,{"$f":"J104*E95","v":{"$error":"#DIV/0!"}},"MJ/h",null,null,null,null,"Produced"]
[]
[]
[null,null,null,"Mass balance cogeneration Unit"]
[]
[null,null,null,null,null,null,null,"Input kg/h",null,null,"ouput kg/h"]
[null,null,null,null,null,null,"Solids",{"$f":"H103+Q32","v":0},null,"Flue gas",{"$f":"P101","v":0}]
[null,null,null,null,null,null,"Water",{"$f":"P109","v":{"$error":"#DIV/0!"}},null,"Steam",{"$f":"P109","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,"Air",{"$f":"P99","v":0},null,"Ash",{"$f":"Q32","v":0}]
[null,null,null,null,null,null,"Total",{"$f":"SUM(H117:H119)","v":{"$error":"#DIV/0!"}},null,"Total",{"$f":"SUM(K117:K119)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,null,null,null,null,{"$f":"H120-K120","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,"Relations and calculations"]
[null,null,null,null,null,null,null,null,"Acid concetration"]
[null,null,"Sulfuric acid - before pretreatment",null,null,null,null,null,0.5,"% (w/v)",{"$f":"(I133/100)","v":5.0000000000000001E-3},"kg/L solución",null,0.02,"kg/kg solucion"]
[null,null,{"$f":"H139*M135","v":2.5000000000000001E-2},"kg/kg biomass (dry)",null,null,null,null,null,null,null,null,"mass frac"]
[null,null,"pure sulfuric acid, valid for all biomasses",null,null,null,null,null,null,null,"Acido sulfurico",{"$f":"K133*1000","v":5},{"$f":"L135/L137","v":5.0000000000000001E-3}]
[null,null,null,null,null,null,null,null,null,null,"Agua",{"$f":"1000-L135","v":995},{"$f":"L136/L137","v":0.995}]
[null,null,"Water for biomass dilution prior pretreatment",null,null,null,null,null,null,null,"Solucion ",1000]
[null,null,{"$f":"H139*M136","v":4.9749999999999996},"kg water/kg biomass",null,null,null,"liquid/solid ratio"]
[null,null,null,null,null,null,null,5]
[null,null,"Steam for pretreatmet "]
[null,null,0,"kg steam/kg dry biomass"]
[null,null,"Steam at 180 ºC"]
[]
[null,null,"Pretreatment conversions and reactions"]
[]
[null,null,"reactions",null,null,null,null,null,"Conversion ",null,null,"Compounds","MW"]
[null,null,"reaction 1","CELLULOS(CIPSD)   -->  CELLULOS(MIXED)",null,null,null,null,1.6E-2,null,null,"Cellulose",162.14241999999999]
[null,null,"reaction 2","HEMICELL(CIPSD)   -->  HEMICELL(MIXED)",null,null,null,null,0.9,null,null,"Hemicellulose",132.11612]
[null,null,"reaction 3","LIGNIN(CIPSD)   -->  LIGNIN(MIXED)",null,null,null,null,0,null,null,"Lignin",122.49299999999999]
[null,null,"reaction 4","Extractives (CIPSD)   -->  Extractives(MIXED)",null,null,null,null,1,null,null,"Extractives",282.46676000000002]
[null,null,"reaction 5","Others(CIPSD)   -->  Others(MIXED)",null,null,null,null,1,null,null,"Others",170.12]
[null,null,"reaction 6","CELLULOS(MIXED)  + WATER(MIXED)   -->  GLUCOSE(MIXED)",null,null,null,null,1,null,null,"Glucose",180.15768]
[null,null,"reaction 7","Galactan(CIPSD)   -->  Galactan(MIXED)",null,null,null,null,{"$f":"I148","v":0.9},null,null,"Galactan",162.14241999999999]
[null,null,"reaction 8","Galactan(MIXED)  + WATER(MIXED)   -->  GLUCOSE(MIXED)",null,null,null,null,1,null,null,"Xylose",150.13140000000001]
[null,null,"reaction 9","HEMICELL(MIXED)  + WATER(MIXED)   -->  XYLOSE(MIXED)",null,null,null,null,1,null,null,"Furfural",96.085560000000001]
[null,null,"reaction 10","XYLOSE(MIXED)   -->  FURFURAL(MIXED) + 3 WATER(MIXED)",null,null,null,null,0.14000000000000001,null,null,"HMF",126.11]
[null,null,"reaction 11","GLUCOSE(MIXED)   -->  3 WATER(MIXED) + HMF(MIXED)",null,null,null,null,0.05,null,null,"Water",18.015280000000001]
[null,null,"reaction 12","Ash (non-soluble) --> Ash (soluble)",null,null,null,null,0.5]
[]
[null,null,null,"Molar balances each reaction"]
[null,null,null,"Reaction 1",null,null,null,null,null,null,null,"Reaction 7"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Cellulose -Solid",null,"Cellulose mixed",null,null,null,null,null,"GALACTAN -Solid",null,"Galactan mixed"]
[null,null,"kg/h",{"$f":"D8*D11*I147","v":0},null,{"$f":"D164","v":0},null,null,null,null,"kg/h",0,null,{"$f":"L164","v":0}]
[null,null,"kmol/h",{"$f":"D164/M147","v":0},null,{"$f":"F164/M147","v":0},null,null,null,null,"kmol/h",{"$f":"L164/M153","v":0},null,{"$f":"N164/M153","v":0}]
[]
[]
[null,null,null,"Reaction 2",null,null,null,null,null,null,null,"Reaction 8"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Hemicell -Solid",null,"Hemice mixed",null,null,null,null,null,"Galactan","water","glucose"]
[null,null,"kg/h",{"$f":"$D$8*D12*I148","v":0},null,{"$f":"D171","v":0},null,null,null,null,"kg/h",{"$f":"L172*M153","v":0},{"$f":"M172*M157","v":0},{"$f":"N172*M152","v":0}]
[null,null,"kmol/h",{"$f":"D171/M148","v":0},null,{"$f":"F171/M148","v":0},null,null,null,null,"kmol/h",{"$f":"N165*I154","v":0},{"$f":"L172","v":0},{"$f":"L172","v":0}]
[]
[]
[null,null,null,"Reaction 3",null,null,null,null,null,null,null,"Reaction 9"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Lignin -Solid",null,"Lignin mixed",null,null,null,null,null,"Hemicellulose","Water","Xylose"]
[null,null,"kg/h",{"$f":"$D$8*D13*I149","v":0},null,{"$f":"D178","v":0},null,null,null,null,"kg/h",{"$f":"L179*M148","v":0},{"$f":"M179*M157","v":0},{"$f":"N179*M154","v":0}]
[null,null,"kmol/h",{"$f":"D178/M149","v":0},null,{"$f":"F178/M149","v":0},null,null,null,null,"kmol/h",{"$f":"F172*I155","v":0},{"$f":"L179","v":0},{"$f":"L179","v":0}]
[]
[]
[null,null,null,"Reaction 4",null,null,null,null,null,null,null,"Reaction 10"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Extractives -Solid",null,"Extractives mixed",null,null,null,null,null,"Xylose",null,"Furfural","Water"]
[null,null,"kg/h",{"$f":"$D$8*D15*I150","v":0},null,{"$f":"D185","v":0},null,null,null,null,"kg/h",{"$f":"L186*M154","v":0},null,{"$f":"N186*M155","v":0},{"$f":"O186*M157","v":0}]
[null,null,"kmol/h",{"$f":"D185/M150","v":0},null,{"$f":"F185/M150","v":0},null,null,null,null,"kmol/h",{"$f":"N179*I156","v":0},null,{"$f":"L186","v":0},{"$f":"3*L186","v":0}]
[]
[]
[null,null,null,"Reaction 5",null,null,null,null,null,null,null,"Reaction 11"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Others -Solid",null,"Others mixed",null,null,null,null,null,"Glucose",null,"Water","HMF"]
[null,null,"kg/h",{"$f":"$D$8*D16*I151","v":0},null,{"$f":"D192","v":0},null,null,null,null,"kg/h",{"$f":"L193*M152","v":0},null,{"$f":"N193*M157","v":0},{"$f":"O193*M156","v":0}]
[null,null,"kmol/h",{"$f":"D192/M151","v":0},null,{"$f":"F192/M151","v":0},null,null,null,null,"kmol/h",{"$f":"(F200+N172)*I157","v":0},null,{"$f":"3*L193","v":0},{"$f":"L193","v":0}]
[]
[]
[null,null,null,"Reaction 6",null,null,null,null,null,null,null,"Reaction 12"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Cellulose mixed","Water","Glucose",null,null,null,null,null,"Ash solid",null,"Ash solube"]
[null,null,"kg/h",{"$f":"D200*M147","v":0},{"$f":"E200*M157","v":0},{"$f":"F200*M152","v":0},null,null,null,null,"kg/h",{"$f":"$D$8*D14*I158","v":0},null,{"$f":"L199","v":0}]
[null,null,"kmol/h",{"$f":"F165*I152","v":0},{"$f":"D200","v":0},{"$f":"D200","v":0},null,null,null,null,"kmol/h"]
[]
[]
[null,null,null,null,null,"kg/h"]
[null,null,null,"Input","Liquid","Solid"]
[null,null,"Cellulose",{"$f":"$D$8*D11","v":0},0,{"$f":"D205-D164","v":0}]
[null,null,"Xylan",0,0,{"$f":"D206-D171","v":0}]
[null,null,"Lignin",0,{"$f":"F178","v":0},{"$f":"D207-E207","v":0}]
[null,null,"Ash",0,{"$f":"N199","v":0},{"$f":"D208-E208","v":0}]
[null,null,"Extractives",0,{"$f":"F185","v":0},{"$f":"D209-E209","v":0}]
[null,null,"Others ",0,{"$f":"F192","v":0},{"$f":"D210-E210","v":0}]
[null,null,"Glucose",0,{"$f":"F199-L192","v":0},0]
[null,null,"Xylose",0,{"$f":"N178-L185","v":0},0]
[null,null,"Furfural",0,{"$f":"N185","v":0},0]
[null,null,"HMF",0,{"$f":"O192","v":0},0]
[null,null,"Water",{"$f":"(C30-D8)+C32+C33","v":497499.99999999994},{"$f":"D215-E199-M171-M178+O185+N192","v":497499.99999999994},0]
[null,null,"Sulfuric acid",{"$f":"C31","v":2500},{"$f":"D216","v":2500},0]
[null,null,"Total",{"$f":"SUM(D205:D216)","v":499999.99999999994},{"$f":"SUM(E205:E216)","v":499999.99999999994},{"$f":"SUM(F205:F216)","v":0}]
[]
[null,null,null,{"$f":"D217-E217-F217","v":0}]
[]
[null,null,"Enzymatic hydrolysis"]
[]
[null,null,"Enzyme dosage"]
[null,null,0.05,"kg enzyme/kg solid at entrance hydrolysis reactor",null,null,null,"Based on Novozymes Recommendations",null,null,null,"http://bioenergy.novozymes.com/en/cellulosic-ethanol/CellicCTec3/Documents/AS_2010-01668-03.pdf"]
[]
[null,null,"Water for dilution enzy,atic hydrolysis"]
[null,null,2.66,"kg water/kg solid"]
[]
[null,null,null,null,null,null,null,null,"Conversion"]
[null,null,"reaction","CELLULOSE + WATER(MIXED)   -->  GLUCOSE(MIXED)",null,null,null,null,0.82]
[]
[null,null,null,"Reaction 6"]
[null,null,null,"Reactants",null,"Products"]
[null,null,null,"Cellulose mixed","Water","Glucose"]
[null,null,"kg/h",{"$f":"F205*I230","v":0},{"$f":"E236*M157","v":0},{"$f":"F236*M152","v":0}]
[null,null,"kmol/h",{"$f":"D235/M147","v":0},{"$f":"D236","v":0},{"$f":"D236","v":0}]
[]
[]
[null,null,null,"Input","Liquid","Lignin"]
[null,null,"Cellulose",{"$f":"F205","v":0},0,{"$f":"D240-D235","v":0}]
[null,null,"Xylan",{"$f":"F206","v":0},0,{"$f":"D241","v":0}]
[null,null,"Galactan",{"$f":"L164","v":0},0,{"$f":"D242","v":0}]
[null,null,"Lignin",{"$f":"F207","v":0},0,{"$f":"D243","v":0}]
[null,null,"Ash",{"$f":"F208","v":0},0,{"$f":"D244","v":0}]
[null,null,"Enzyme",{"$f":"M25","v":0},0,0]
[null,null,"Water",{"$f":"M26","v":0},{"$f":"D246-E235+D245","v":0},0]
[null,null,"Glucose",0,{"$f":"F235","v":0},0]
[null,null,"Total",{"$f":"SUM(D240:D247)","v":0},{"$f":"SUM(E240:E247)","v":0},{"$f":"SUM(F240:F247)","v":0}]
[]
[null,null,null,"Difference"]
[null,null,null,{"$f":"D248-E248-F248","v":0}]
[]
[null,null,"Fermentation"]
[]
[null,null,"Ammonia",{"$f":"340/42688/0.25","v":3.1859070464767617E-2},"kg Ammonia/kg sugars ferm",null,null,"ammonia @ 25%"]
[]
[]
[]
[]
[null,null,null,"Assuming 80% of theoretical yields for ethanol (based on average values of different publications"]
[null,null,"from Xylose",{"$f":"0.51*80%","v":0.40800000000000003},null,"CO2",0.48857434667732408,"kg/kg xylose",null,null,"Biomass yield",null,null,"CO2 from biomass"]
[null,null,"from Glucose",{"$f":"0.51*80%","v":0.40800000000000003},null,"CO2",0.48857434667732408,"kg/kg glucose",null,null,0.13,"g biomass/ g Etanol",null,0.92300538794167575,"g CO2/g biomass"]
[]
[]
[null,null,"For fermentation  -  kg/h",null,null,null,{"$f":"0.8*0.51","v":0.40800000000000003}]
[null,null,null,"Input","Output"]
[null,null,"Glucose",{"$f":"F38+M39","v":0},{"$f":"0","v":0}]
[null,null,"Xylose",{"$f":"F39","v":0},0,null,null,null,{"$f":"9*1000/5000000","v":1.8E-3},"kg/L"]
[null,null,"Biomass",{"$f":"I272","v":0},{"$f":"D272-SUM(E267:E268,E270:E271)","v":0},null,{"$f":"E269+I272","v":0},null,"Biomass required feed"]
[null,null,"Ethanol",0,{"$f":"D262*D267 + D261*D268","v":0},null,null,null,{"$f":"I268/0.789","v":2.2813688212927753E-3},"kg/kg Ethanol"]
[null,null,"CO2",0,{"$f":"1.1*E270","v":0}]
[null,null,"Total",{"$f":"SUM(D267:D271)","v":0},{"$f":"SUM(E267:E271)","v":0},null,null,null,{"$f":"I270*E270","v":0},"kg/h"]
[]
[]
[null,null,null,null,{"$f":"D272-E272","v":0}]

{"sheet":"B_DA_FS3","index":93,"n_rows":275,"n_cols":42,"rows_kept":275,"cut":false,"hidden":true,"merged":[]}
[]
[null,null,"Calculations of Mass and Energy Balances - Dilute Acid"]
[]
[]
[null,"Feedstock",{"$f":"+'Data Entry Needs'!$G$11","v":" "},"Operating h per year",null,{"$f":"+'Data Entry Needs'!$G$43*24","v":0},"h/year"]
[]
[null,null,"Biomass Flowrate - dry basis - Caculus base"]
["`",null,null,100000,"kg/h"]
[]
[null,null,"Biomass composition - dry basis "]
[null,2,"Cellulose",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B11,FALSE),0)","v":0},"wt"]
[null,3,"Hemicellulose",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B12,FALSE),0)","v":0},"wt"]
[null,4,"Lignin",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B13,FALSE),0)","v":0},"wt"]
[null,5,"Ash",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B14,FALSE),0)","v":0},"wt"]
[null,6,"Extractives",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B15,FALSE),0)","v":0},"wt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Multiplier cogeneration"]
[null,7,"Others ",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B16,FALSE),0)","v":0},"wt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Allocator!I18","v":1}]
[null,null,"Total",{"$f":"SUM(D11:D16)","v":0}]
[]
[null,null,"Moisture content"]
[null,10,null,{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$39,$B20,FALSE),0)","v":0},"wt"]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Summary of mass balances for base capacity",null,null,null,null,"Summary of energy balances for base capacity",null,null,null,null,null,null,"Mass balances at selected capacities"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Balance including cogeneration unit",null,null,null,null,null,null,"Capacities - ML/y",5,null,25,null,50,null,100]
[null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(M25:M26)","v":0},"kg/h",null,null,null,null,null,null,null,"Ethanol Plant",null,null,null,null,"Utility type","Required","Produced","Net Energy"]
[null,null,null,null,null,null,null,null,null,null,null,"Enzyme",{"$f":"C224*F217","v":0},"kg/h",null,null,null,null,null,null,null,"Stream","Inputs - kg/h","Outputs - kg/h",null,null,"Steam - MJ/h",{"$f":"D82*D8","v":269000},{"$f":"J110*D8*AA16","v":{"$error":"#DIV/0!"}},{"$f":"AB25-AC25","v":{"$error":"#DIV/0!"}},null,null,null,"Ethanol Plant"]
[null,null,null,null,null,null,null,null,null,null,null,"Water",{"$f":"C227*F217","v":0},"kg/h",null,null,null,null,null,null,null,"Biomass",{"$f":"C30","v":100000},0,null,null,"Electricity - kWh/h",{"$f":"D85*D8","v":19000},{"$f":"J107*D8*AA16","v":{"$error":"#DIV/0!"}},{"$f":"(AB26-AC26)","v":{"$error":"#DIV/0!"}},null,null,null,"Capacity","5 ML",null,"25 ML",null,"50 ML",null,"100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sulfuric Acid",{"$f":"C31","v":2500},0,null,null,null,null,null,null,null,null,null,"Stream","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",null,null,null,null,null,"Water",{"$f":"C32+M26-L61-N61","v":0},0,null,null,null,null,null,null,null,null,null,"Biomass",{"$f":"W58*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X58*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W58*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X58*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W58*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X58*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W58*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X58*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,"Cellulose",{"$f":"F205","v":0},"kg/h",null,null,null,null,"Cellulose",{"$f":"F240","v":0},"kg/h",null,null,null,"Steam",{"$f":"C33","v":0},0,null,null,"Summary of external energy requiremens",null,null,null,null,null,null,"Sulfuric Acid",{"$f":"W59*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W59*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W59*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W59*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,"Biomass (wet)",{"$f":"(D8/((1-D20)/1))","v":100000},"kg/h",null,null,null,null,"Xylan",{"$f":"F206","v":0},"kg/h",null,null,null,null,"Hemicellulose",{"$f":"F241","v":0},"kg/h",null,null,null,"Ammonia",{"$f":"I40","v":0},0,null,null,"Steam - MJ/h",{"$f":"IF(AD25<0,0,AD25)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Sulfuric Acid",{"$f":"D8*C134","v":2500},"kg/h",null,null,null,null,"Lignin",{"$f":"F207","v":0},"kg/h",null,null,null,null,"Lignin",{"$f":"F243","v":0},"kg/h",null,null,null,"Enzyme",{"$f":"M25","v":0},0,null,null,"Electricity - kWh/h",{"$f":"IF(AD26<0,0,AD26)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Water",{"$f":"D8*C138","v":497499.99999999994},"kg/h",null,null,null,null,"Ash",{"$f":"F208","v":0},"kg/h",null,null,null,null,"Ash",{"$f":"F244","v":0},"kg/h",null,null,null,"Yeast",{"$f":"I39","v":0},{"$f":"Q45","v":0},null,null,null,null,null,null,null,null,null,"Ammonia",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Steam",{"$f":"D8*C141","v":0},"kg/h",null,null,null,null,"Total",{"$f":"SUM(J29:J32)","v":0},"kg/h",null,null,null,null,"Total",{"$f":"SUM(Q29:Q32)","v":0},"kg/h",null,null,null,"Lignin",0,{"$f":"Q33","v":0},null,null,"Summary of electricity Exports",null,null,null,null,null,null,"Enzyme",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total",{"$f":"SUM(C30:C33)","v":600000},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",0,{"$f":"Q43","v":0},null,null,"Electricity - kWh/h",{"$f":"IF(AD26<0,-AD26,0)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Yeast",{"$error":"#DIV/0!"},null,{"$error":"#DIV/0!"},null,{"$error":"#DIV/0!"},null,{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"CO2",0,{"$f":"Q47","v":0},null,null,null,null,null,null,null,null,null,"Lignin",{"$error":"#DIV/0!"},{"$f":"(X65*$AI$23*1000000/(1000*1000)) +(X64*$AI$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"(X65*$AK$23*1000000/(1000*1000)) +(X64*$AK$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"(X65*$AM$23*1000000/(1000*1000)) +(X64*$AM$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"(X65*$AO$23*1000000/(1000*1000)) +(X64*$AO$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}}]
[null,"Note: steam @ 10 bar",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sludge",0,{"$f":"Q56","v":2500},null,null,null,null,null,null,null,null,null,"Ethanol",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Water",{"$f":"E215","v":497499.99999999994},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W26:W36)","v":102500},{"$f":"SUM(X26:X36)","v":2500},null,null,null,null,null,null,null,null,null,"CO2",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Glucose",{"$f":"E211","v":0},"kg/h",null,null,null,null,"Water",{"$f":"E246","v":0},"kg/h",null,{"$f":"J33+M24-Q33-M40","v":0},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sludge",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Xylose",{"$f":"E212","v":0},"kg/h","Biomass",{"$f":"D269","v":0},"kg/h",null,"Glucose",{"$f":"E247","v":0},"kg/h",null,null,null,null,null,null,null,"Cogeneration Plant",null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI28:AI38)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AJ28:AJ38)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Others",{"$f":"E209+E213+E214+E216+E208+E210","v":2500},"kg/h","Ammonia",{"$f":"D255*(F38+F39+M39)","v":0},"kg/h",null,"Total",{"$f":"SUM(M38:M39)","v":0},"kg/h",null,null,null,null,null,null,null,"Stream","Inputs - kg/h","Outputs - kg/h",null,null,null,null,null,null,null,null,null,"Cogeneration Plant"]
[null,null,null,null,"Total",{"$f":"SUM(F37:F40)","v":499999.99999999994},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",{"$f":"X33","v":0},0,null,null,null,null,null,null,null,null,null,"Capacity","5 ML",null,"25 ML",null,"50 ML",null,"100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"X32","v":0},0,null,null,null,null,null,null,null,null,null,"Stream","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",{"$f":"E270","v":0},"kg/h",null,null,null,"Water",{"$f":"H118","v":{"$error":"#DIV/0!"}},0,null,null,null,null,null,null,null,null,null,"Lignin",{"$f":"W73*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W73*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W73*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W73*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Air",{"$f":"H119","v":0},0,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"W74*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W74*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W74*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W74*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"E269","v":0},"kg/h",null,null,null,"Flue gas",0,{"$f":"K117","v":0},null,null,null,null,null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"C34-F41-J33","v":100000.00000000006},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Steam",0,{"$f":"K118","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Air",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,{"$f":"F41+I39+I40+M40-Q43-Q45-Q47-M49","v":0},null,null,null,null,null,null,"CO2",{"$f":"E271","v":0},"kg/h",null,null,null,"Ash",0,{"$f":"K119","v":0},null,null,null,null,null,null,null,null,null,"Flue gas",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W41:W47)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(X41:X47)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,"Stillage",{"$f":"M38+F37+F40+I40","v":499999.99999999994},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ash",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI43:AI49)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AJ43:AJ49)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,"Stillage composition after fermentation"]
[null,null,"Water",{"$f":"F37+M38","v":497499.99999999994},"kg/h",null,null,null,null,null,null,null,null,null,null,"Sludge",null,null,"waste",null,null,"Normalized Mass and Energy Balances - Balances used for any capacity",null,null,null,null,null,null,null,null,null,null,null,"Energy balances at selected capacities"]
[null,null,"Ammonia",{"$f":"I40","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Water",{"$f":"D52-L61-N61","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Balances including both ethanol and cogeneration plants"]
[null,null,"Extractives",{"$f":"E209","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Others",{"$f":"D58+D59","v":2500},"kg/h",null,null,null,"Mass Balances",null,null,null,null,"Energy Requirements",null,null,null,null,null,null,"Capacity","5 ML",null,"25 ML",null,"50 ML",null,"100 ML"]
[null,null,"Others ",{"$f":"E210","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Organics",{"$f":"SUM(D53:D57)","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Utility type","Required","For sales","Required","For sales","Required","For sales","Required","For sales"]
[null,null,"Furfural",{"$f":"E213","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(Q53:Q55)","v":2500},"kg/h",null,null,null,"Ethanol Plant",null,null,null,null,"Summary of external energy requiremens",null,null,null,null,null,null,"Steam - MJ/y",{"$f":"$AB$57*$AI$23*1000000","v":{"$error":"#DIV/0!"}},0,{"$f":"$AB$57*$AK$23*1000000","v":{"$error":"#DIV/0!"}},0,{"$f":"$AB$57*$AM$23*1000000","v":{"$error":"#DIV/0!"}},0,{"$f":"$AB$57*$AO$23*1000000","v":{"$error":"#DIV/0!"}},0]
[null,null,"HMF",{"$f":"E214","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Stream","Inputs - kg/L EtOH","Outputs - kg/L EtOH",null,null,"Steam - MJ/L EtOH",{"$f":"AB30/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Electricity - kWh/y",{"$f":"$AB$58*$AI$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AI$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$58*$AK$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AK$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$58*$AM$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AM$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$58*$AO$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AO$23*1000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Ash",{"$f":"E208","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Biomass (wet)",{"$f":"W26/$P$72","v":{"$error":"#DIV/0!"}},{"$f":"X26/$P$72","v":{"$error":"#DIV/0!"}},null,null,"Electricity - kWh/L EtOH",{"$f":"AB31/$P$72","v":{"$error":"#DIV/0!"}}]
[null,null,"Acid",{"$f":"E216","v":2500},"kg/h",null,null,null,null,null,null,null,null,null,null,null,{"$f":"M49-L61-N61-Q56","v":0},null,null,null,null,"Sulfuric Acid",{"$f":"W27/$P$72","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,"Total",{"$f":"SUM(D52:D59)","v":499999.99999999994},"kg/h",null,null,null,null,null,null,null,null,"water to hydrolysis",null,null,null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Summary of electricity Exports"]
[null,null,null,null,null,null,null,null,null,null,"Rec. Water",{"$f":"D8*C138","v":497499.99999999994},"kg/h",{"$f":"C227*F217","v":0},"kg/h",null,null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Electricity - kWh/L EtOH",{"$f":"AB34/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Capital Investment"]
[null,null,null,null,null,null,null,null,null,null,null,"Be carefull recovered water to be recycled",null,null,null,null,null,null,null,null,null,"Ammonia",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Base case capacity ","63 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Enzyme",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Capex Cogeneration","USD",null,"Capex Ethanol Plant","USD",null,"Cogeneration Capex factor"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Buildings",{"$f":"32000000*4%*AO64","v":3199999.9999999991},null,"Buildings",{"$f":"32000000*96%","v":30720000},null,{"$f":"Allocator!I23","v":"Simple"},{"$f":"Allocator!J27","v":2.4999999999999991}]
[null,null,null,"Balance check",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Energy produced in cogeneration",null,null,null,null,null,null,"Plant and Equipment",{"$f":"122050000*4%*AO64","v":12204999.999999996},null,"Plant and Equipment",{"$f":"122050000*96%","v":117168000}]
[null,null,"kg/h","Inputs","Outputs","Difference",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"C34+I40+M24+I39","v":600000},{"$f":"Q43+Q45+Q47+Q33+Q56+N61+L61","v":499999.99999999994},{"$f":"D67-E67","v":100000.00000000006},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"CO2",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Summary of energy produced in cogeneration",null,null,null,null,null,null,"Total investment costs: Ethanol + Cogeneration systems"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sludge",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Steam - MW/ML/y EtOH",{"$f":"(AC25/3600)/(P72*'Data Entry Needs'!$G$43*24/1000000)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Capacity","5 ML","25 ML","50 ML","100 ML"]
[null,null,"Summary",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W58:W68)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(X58:X68)","v":{"$error":"#DIV/0!"}},null,null,"Electricity - kW/ML/y EtOH",{"$f":"(AC26*3.6*1000/3600)/(P72*'Data Entry Needs'!$G$43*24/1000000)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Buildings - USD",{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(5/63)^0.6,-3)","v":7418000},{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(25/63)^0.6,-3)","v":19482000},{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(50/63)^0.6,-3)","v":29528000},{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(100/63)^0.6,-3)","v":44757000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant and Equipment - USD",{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(5/63)^0.6,-3)","v":28290000},{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(25/63)^0.6,-3)","v":74303000},{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(50/63)^0.6,-3)","v":112622000},{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(100/63)^0.6,-3)","v":170703000}]
[null,null,"Ethanol yield",null,null,null,null,null,"Water requirements",null,null,null,null,null,null,"Liters of ethanol produced",null,null,null,null,null,"Cogeneration Plant",null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI69:AI70)","v":35708000},{"$f":"SUM(AJ69:AJ70)","v":93785000},{"$f":"SUM(AK69:AK70)","v":142150000},{"$f":"SUM(AL69:AL70)","v":215460000}]
[null,null,{"$f":"Q43/D8","v":0},"kg/kg RM (dry basis)",null,null,null,null,{"$f":"(C32+M26-L61-N61)/Q43","v":{"$error":"#DIV/0!"}},"m3/t ethanol",null,null,null,null,null,{"$f":"Q43*1000/(789)","v":0},"L/h",null,null,null,null,"Stream","Inputs - kg/L EtOH","Outputs - kg/L EtOH"]
[null,null,{"$f":"(C72/789)*(1000)*1000","v":0},"L/t RM dry",null,null,null,null,"After recycling water recovered from water treatment",null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",{"$f":"W41/$P$72","v":{"$error":"#DIV/0!"}},{"$f":"X41/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Investment costs: Cogeneration systems"]
[null,null,{"$f":"P72*1000/C30","v":0},"L/t RM wet",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"W42/$P$72","v":{"$error":"#DIV/0!"}},{"$f":"X42/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Capacity","5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Buildings - USD",{"$f":"ROUNDUP((($AI$64))*(5/63)^0.6,-3)","v":700000},{"$f":"ROUNDUP((($AI$64))*(25/63)^0.6,-3)","v":1838000},{"$f":"ROUNDUP((($AI$64))*(50/63)^0.6,-3)","v":2786000},{"$f":"ROUNDUP((($AI$64))*(100/63)^0.6,-3)","v":4223000}]
[null,null,"Lignin Yield",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Air",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Plant and Equipment - USD",{"$f":"ROUNDUP((($AI$65))*(5/63)^0.6,-3)","v":2669000},{"$f":"ROUNDUP((($AI$65))*(25/63)^0.6,-3)","v":7010000},{"$f":"ROUNDUP((($AI$65))*(50/63)^0.6,-3)","v":10625000},{"$f":"ROUNDUP((($AI$65))*(100/63)^0.6,-3)","v":16104000}]
[null,null,{"$f":"Q33/Q43","v":{"$error":"#DIV/0!"}},"kg/kg EtOh",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Flue gas",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI75:AI76)","v":3369000},{"$f":"SUM(AJ75:AJ76)","v":8848000},{"$f":"SUM(AK75:AK76)","v":13411000},{"$f":"SUM(AL75:AL76)","v":20327000}]
[null,null,{"$f":"Q33/D8","v":0},"kg/kg RM (dry basis)",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ash",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Performance cogeneration system"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W73:W79)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(X73:X79)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Capacity","5 ML","25 ML","50 ML","100 ML"]
[null,null,"Energy requirements",null,null,null,null,null,"Energy requirements",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Electricity Capacity (kW)",{"$f":"$AB$69*5","v":{"$error":"#DIV/0!"}},{"$f":"$AB$69*25","v":{"$error":"#DIV/0!"}},{"$f":"$AB$69*50","v":{"$error":"#DIV/0!"}},{"$f":"$AB$69*100","v":{"$error":"#DIV/0!"}}]
[null,null,"Heating",2.69,"MJ/kg RM (dry basis)",null,null,null,"Heating",{"$f":"(D82*D8/Q43)*0.789","v":{"$error":"#DIV/0!"}},"MJ/L Ethanol",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Heat Capacity (MW)",{"$f":"$AB$68*5","v":{"$error":"#DIV/0!"}},{"$f":"$AB$68*25","v":{"$error":"#DIV/0!"}},{"$f":"$AB$68*50","v":{"$error":"#DIV/0!"}},{"$f":"$AB$68*100","v":{"$error":"#DIV/0!"}}]
[null,null,"Cooling",0,"MJ/kg RM (dry basis)",null,null,null,"Cooling",{"$f":"(D83*D8/Q43)*0.789","v":{"$error":"#DIV/0!"}},"MJ/L Ethanol",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant Electricity Demand Supplied",{"$f":"IF(AD26<0,1,1-(AD26/AB26))","v":{"$error":"#DIV/0!"}},{"$f":"$AI$83","v":{"$error":"#DIV/0!"}},{"$f":"$AI$83","v":{"$error":"#DIV/0!"}},{"$f":"$AI$83","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant Heat Demand Supplied",{"$f":"IF(AD25<0,1,1-(AD25/AB25))","v":{"$error":"#DIV/0!"}},{"$f":"$AI$84","v":{"$error":"#DIV/0!"}},{"$f":"$AI$84","v":{"$error":"#DIV/0!"}},{"$f":"$AI$84","v":{"$error":"#DIV/0!"}}]
[null,null,"Electricity",0.19,"kWh/kg RM (dry basis)",null,null,null,"Electricity",{"$f":"(D85*$D$8/$Q$43)","v":{"$error":"#DIV/0!"}},"kWh/kg EtOH",null,"equal to MWh/t ethanol",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Electricity Surplus (% of total produced)",{"$f":"IF(AD26>0,0,(ABS(AD26))/AC26)","v":{"$error":"#DIV/0!"}},{"$f":"$AI$85","v":{"$error":"#DIV/0!"}},{"$f":"$AI$85","v":{"$error":"#DIV/0!"}},{"$f":"$AI$85","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,"Electricity",{"$f":"J85*0.789","v":{"$error":"#DIV/0!"}},"kWh/L"]
[]
[null,null,"Not integrated "]
[]
[]
[null,null,"Cogeneration"]
[null,null,"Turbine Eff",null,{"$f":"Allocator!$I$15","v":0.85}]
[null,null,"Electrical efficiency",null,{"$f":"Allocator!$J$24","v":0.2},null,"Multiplier sensitivity to include organics"]
[null,null,"Thermal Efficiency",null,{"$f":"Allocator!$J$25","v":0.2},null,0,null,null,null,null,null,"Heating value Steam"]
[null,null,null,null,{"$f":"(E94-E93)/(1-(E93/E92))","v":0},null,null,null,null,null,null,null,{"$f":"2.2026","v":2.2025999999999999},"MJ/kg"]
[null,null,null,null,null,null,"Lignin composition - free of Ash"]
[null,null,"Low heating values (LHV) - Moisture 0%",null,null,null,null,"kg/h","mass fraction","Heating Value",null,"MJ/h"]
[null,null,"Cellulose",17,"MJ/kg",null,"Cellulose",{"$f":"Q29","v":0},{"$f":"H98/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I98*D98","v":{"$error":"#DIV/0!"}},null,{"$f":"H98*D98","v":0}]
[null,null,"Hemicellulose",16,"MJ/kg",null,"Hemicellulose",{"$f":"Q30","v":0},{"$f":"H99/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I99*D99","v":{"$error":"#DIV/0!"}},null,{"$f":"H99*D99","v":0},null,null,"Air",{"$f":"2*H103","v":0},"kg/h"]
[null,null,"Lignin",25,"MJ/kg",null,"Lignin",{"$f":"Q31","v":0},{"$f":"H100/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I100*D100","v":{"$error":"#DIV/0!"}},null,{"$f":"H100*D100","v":0}]
[null,null,"Cell Biomass",16,"MJ/kg",null,"Cell Biomass",{"$f":"Q45","v":0},{"$f":"H101/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I101*D101","v":{"$error":"#DIV/0!"}},null,{"$f":"H101*D101","v":0},null,null,"Flue gas",{"$f":"P99+H103","v":0},"kg/h"]
[null,null,"Organics",17,"MJ/kg",null,"Organics",{"$f":"Q55*G94","v":0},{"$f":"H102/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I102*D102","v":{"$error":"#DIV/0!"}},null,{"$f":"H102*D102","v":0}]
[null,null,null,null,null,null,"Total",{"$f":"SUM(H98:H102)","v":0},{"$f":"SUM(I98:I102)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(J98:J102)","v":{"$error":"#DIV/0!"}},"MJ/kg"]
[null,null,null,null,null,null,null,null,null,{"$f":"J103*(H98+H99+H100+H101+H102)","v":{"$error":"#DIV/0!"}},"MJ/h",{"$f":"SUM(L98:L102)","v":0}]
[]
[]
[null,null,"Electricty produced",null,null,null,null,null,"Electricity produced",{"$f":"(C108/D8/3.6)","v":{"$error":"#DIV/0!"}},"kWh/kg RM (dry basis)"]
[null,null,{"$f":"E94*J104 -C111","v":{"$error":"#DIV/0!"}},"MJ/h",null,null,null,null,"Produced"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Steam produced",{"$f":"C111/M95","v":{"$error":"#DIV/0!"}},"kg/h"]
[null,null,"Steam produced",null,null,null,null,null,"Steam produced",{"$f":"(C111/D8)","v":{"$error":"#DIV/0!"}},"MJ/kg RM (dry basis)"]
[null,null,{"$f":"J104*E95","v":{"$error":"#DIV/0!"}},"MJ/h",null,null,null,null,"Produced"]
[]
[]
[null,null,null,"Mass balance cogeneration Unit"]
[]
[null,null,null,null,null,null,null,"Input kg/h",null,null,"ouput kg/h"]
[null,null,null,null,null,null,"Solids",{"$f":"H103+Q32","v":0},null,"Flue gas",{"$f":"P101","v":0}]
[null,null,null,null,null,null,"Water",{"$f":"P109","v":{"$error":"#DIV/0!"}},null,"Steam",{"$f":"P109","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,"Air",{"$f":"P99","v":0},null,"Ash",{"$f":"Q32","v":0}]
[null,null,null,null,null,null,"Total",{"$f":"SUM(H117:H119)","v":{"$error":"#DIV/0!"}},null,"Total",{"$f":"SUM(K117:K119)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,null,null,null,null,{"$f":"H120-K120","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,"Relations and calculations"]
[null,null,null,null,null,null,null,null,"Acid concetration"]
[null,null,"Sulfuric acid - before pretreatment",null,null,null,null,null,0.5,"% (w/v)",{"$f":"(I133/100)","v":5.0000000000000001E-3},"kg/L solución",null,0.02,"kg/kg solucion"]
[null,null,{"$f":"H139*M135","v":2.5000000000000001E-2},"kg/kg biomass (dry)",null,null,null,null,null,null,null,null,"mass frac"]
[null,null,"pure sulfuric acid, valid for all biomasses",null,null,null,null,null,null,null,"Acido sulfurico",{"$f":"K133*1000","v":5},{"$f":"L135/L137","v":5.0000000000000001E-3}]
[null,null,null,null,null,null,null,null,null,null,"Agua",{"$f":"1000-L135","v":995},{"$f":"L136/L137","v":0.995}]
[null,null,"Water for biomass dilution prior pretreatment",null,null,null,null,null,null,null,"Solucion ",1000]
[null,null,{"$f":"H139*M136","v":4.9749999999999996},"kg water/kg biomass",null,null,null,"liquid/solid ratio"]
[null,null,null,null,null,null,null,5]
[null,null,"Steam for pretreatmet "]
[null,null,0,"kg steam/kg dry biomass"]
[null,null,"Steam at 180 ºC"]
[]
[null,null,"Pretreatment conversions and reactions"]
[]
[null,null,"reactions",null,null,null,null,null,"Conversion ",null,null,"Compounds","MW"]
[null,null,"reaction 1","CELLULOS(CIPSD)   -->  CELLULOS(MIXED)",null,null,null,null,1.6E-2,null,null,"Cellulose",162.14241999999999]
[null,null,"reaction 2","HEMICELL(CIPSD)   -->  HEMICELL(MIXED)",null,null,null,null,0.9,null,null,"Hemicellulose",132.11612]
[null,null,"reaction 3","LIGNIN(CIPSD)   -->  LIGNIN(MIXED)",null,null,null,null,0,null,null,"Lignin",122.49299999999999]
[null,null,"reaction 4","Extractives (CIPSD)   -->  Extractives(MIXED)",null,null,null,null,1,null,null,"Extractives",282.46676000000002]
[null,null,"reaction 5","Others(CIPSD)   -->  Others(MIXED)",null,null,null,null,1,null,null,"Others",170.12]
[null,null,"reaction 6","CELLULOS(MIXED)  + WATER(MIXED)   -->  GLUCOSE(MIXED)",null,null,null,null,1,null,null,"Glucose",180.15768]
[null,null,"reaction 7","Galactan(CIPSD)   -->  Galactan(MIXED)",null,null,null,null,{"$f":"I148","v":0.9},null,null,"Galactan",162.14241999999999]
[null,null,"reaction 8","Galactan(MIXED)  + WATER(MIXED)   -->  GLUCOSE(MIXED)",null,null,null,null,1,null,null,"Xylose",150.13140000000001]
[null,null,"reaction 9","HEMICELL(MIXED)  + WATER(MIXED)   -->  XYLOSE(MIXED)",null,null,null,null,1,null,null,"Furfural",96.085560000000001]
[null,null,"reaction 10","XYLOSE(MIXED)   -->  FURFURAL(MIXED) + 3 WATER(MIXED)",null,null,null,null,0.14000000000000001,null,null,"HMF",126.11]
[null,null,"reaction 11","GLUCOSE(MIXED)   -->  3 WATER(MIXED) + HMF(MIXED)",null,null,null,null,0.05,null,null,"Water",18.015280000000001]
[null,null,"reaction 12","Ash (non-soluble) --> Ash (soluble)",null,null,null,null,0.5]
[]
[null,null,null,"Molar balances each reaction"]
[null,null,null,"Reaction 1",null,null,null,null,null,null,null,"Reaction 7"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Cellulose -Solid",null,"Cellulose mixed",null,null,null,null,null,"GALACTAN -Solid",null,"Galactan mixed"]
[null,null,"kg/h",{"$f":"D8*D11*I147","v":0},null,{"$f":"D164","v":0},null,null,null,null,"kg/h",0,null,{"$f":"L164","v":0}]
[null,null,"kmol/h",{"$f":"D164/M147","v":0},null,{"$f":"F164/M147","v":0},null,null,null,null,"kmol/h",{"$f":"L164/M153","v":0},null,{"$f":"N164/M153","v":0}]
[]
[]
[null,null,null,"Reaction 2",null,null,null,null,null,null,null,"Reaction 8"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Hemicell -Solid",null,"Hemice mixed",null,null,null,null,null,"Galactan","water","glucose"]
[null,null,"kg/h",{"$f":"$D$8*D12*I148","v":0},null,{"$f":"D171","v":0},null,null,null,null,"kg/h",{"$f":"L172*M153","v":0},{"$f":"M172*M157","v":0},{"$f":"N172*M152","v":0}]
[null,null,"kmol/h",{"$f":"D171/M148","v":0},null,{"$f":"F171/M148","v":0},null,null,null,null,"kmol/h",{"$f":"N165*I154","v":0},{"$f":"L172","v":0},{"$f":"L172","v":0}]
[]
[]
[null,null,null,"Reaction 3",null,null,null,null,null,null,null,"Reaction 9"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Lignin -Solid",null,"Lignin mixed",null,null,null,null,null,"Hemicellulose","Water","Xylose"]
[null,null,"kg/h",{"$f":"$D$8*D13*I149","v":0},null,{"$f":"D178","v":0},null,null,null,null,"kg/h",{"$f":"L179*M148","v":0},{"$f":"M179*M157","v":0},{"$f":"N179*M154","v":0}]
[null,null,"kmol/h",{"$f":"D178/M149","v":0},null,{"$f":"F178/M149","v":0},null,null,null,null,"kmol/h",{"$f":"F172*I155","v":0},{"$f":"L179","v":0},{"$f":"L179","v":0}]
[]
[]
[null,null,null,"Reaction 4",null,null,null,null,null,null,null,"Reaction 10"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Extractives -Solid",null,"Extractives mixed",null,null,null,null,null,"Xylose",null,"Furfural","Water"]
[null,null,"kg/h",{"$f":"$D$8*D15*I150","v":0},null,{"$f":"D185","v":0},null,null,null,null,"kg/h",{"$f":"L186*M154","v":0},null,{"$f":"N186*M155","v":0},{"$f":"O186*M157","v":0}]
[null,null,"kmol/h",{"$f":"D185/M150","v":0},null,{"$f":"F185/M150","v":0},null,null,null,null,"kmol/h",{"$f":"N179*I156","v":0},null,{"$f":"L186","v":0},{"$f":"3*L186","v":0}]
[]
[]
[null,null,null,"Reaction 5",null,null,null,null,null,null,null,"Reaction 11"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Others -Solid",null,"Others mixed",null,null,null,null,null,"Glucose",null,"Water","HMF"]
[null,null,"kg/h",{"$f":"$D$8*D16*I151","v":0},null,{"$f":"D192","v":0},null,null,null,null,"kg/h",{"$f":"L193*M152","v":0},null,{"$f":"N193*M157","v":0},{"$f":"O193*M156","v":0}]
[null,null,"kmol/h",{"$f":"D192/M151","v":0},null,{"$f":"F192/M151","v":0},null,null,null,null,"kmol/h",{"$f":"(F200+N172)*I157","v":0},null,{"$f":"3*L193","v":0},{"$f":"L193","v":0}]
[]
[]
[null,null,null,"Reaction 6",null,null,null,null,null,null,null,"Reaction 12"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Cellulose mixed","Water","Glucose",null,null,null,null,null,"Ash solid",null,"Ash solube"]
[null,null,"kg/h",{"$f":"D200*M147","v":0},{"$f":"E200*M157","v":0},{"$f":"F200*M152","v":0},null,null,null,null,"kg/h",{"$f":"$D$8*D14*I158","v":0},null,{"$f":"L199","v":0}]
[null,null,"kmol/h",{"$f":"F165*I152","v":0},{"$f":"D200","v":0},{"$f":"D200","v":0},null,null,null,null,"kmol/h"]
[]
[]
[null,null,null,null,null,"kg/h"]
[null,null,null,"Input","Liquid","Solid"]
[null,null,"Cellulose",{"$f":"$D$8*D11","v":0},0,{"$f":"D205-D164","v":0}]
[null,null,"Xylan",0,0,{"$f":"D206-D171","v":0}]
[null,null,"Lignin",0,{"$f":"F178","v":0},{"$f":"D207-E207","v":0}]
[null,null,"Ash",0,{"$f":"N199","v":0},{"$f":"D208-E208","v":0}]
[null,null,"Extractives",0,{"$f":"F185","v":0},{"$f":"D209-E209","v":0}]
[null,null,"Others ",0,{"$f":"F192","v":0},{"$f":"D210-E210","v":0}]
[null,null,"Glucose",0,{"$f":"F199-L192","v":0},0]
[null,null,"Xylose",0,{"$f":"N178-L185","v":0},0]
[null,null,"Furfural",0,{"$f":"N185","v":0},0]
[null,null,"HMF",0,{"$f":"O192","v":0},0]
[null,null,"Water",{"$f":"(C30-D8)+C32+C33","v":497499.99999999994},{"$f":"D215-E199-M171-M178+O185+N192","v":497499.99999999994},0]
[null,null,"Sulfuric acid",{"$f":"C31","v":2500},{"$f":"D216","v":2500},0]
[null,null,"Total",{"$f":"SUM(D205:D216)","v":499999.99999999994},{"$f":"SUM(E205:E216)","v":499999.99999999994},{"$f":"SUM(F205:F216)","v":0}]
[]
[null,null,null,{"$f":"D217-E217-F217","v":0}]
[]
[null,null,"Enzymatic hydrolysis"]
[]
[null,null,"Enzyme dosage"]
[null,null,0.05,"kg enzyme/kg solid at entrance hydrolysis reactor",null,null,null,"Based on Novozymes Recommendations",null,null,null,"http://bioenergy.novozymes.com/en/cellulosic-ethanol/CellicCTec3/Documents/AS_2010-01668-03.pdf"]
[]
[null,null,"Water for dilution enzy,atic hydrolysis"]
[null,null,2.66,"kg water/kg solid"]
[]
[null,null,null,null,null,null,null,null,"Conversion"]
[null,null,"reaction","CELLULOSE + WATER(MIXED)   -->  GLUCOSE(MIXED)",null,null,null,null,0.82]
[]
[null,null,null,"Reaction 6"]
[null,null,null,"Reactants",null,"Products"]
[null,null,null,"Cellulose mixed","Water","Glucose"]
[null,null,"kg/h",{"$f":"F205*I230","v":0},{"$f":"E236*M157","v":0},{"$f":"F236*M152","v":0}]
[null,null,"kmol/h",{"$f":"D235/M147","v":0},{"$f":"D236","v":0},{"$f":"D236","v":0}]
[]
[]
[null,null,null,"Input","Liquid","Lignin"]
[null,null,"Cellulose",{"$f":"F205","v":0},0,{"$f":"D240-D235","v":0}]
[null,null,"Xylan",{"$f":"F206","v":0},0,{"$f":"D241","v":0}]
[null,null,"Galactan",{"$f":"L164","v":0},0,{"$f":"D242","v":0}]
[null,null,"Lignin",{"$f":"F207","v":0},0,{"$f":"D243","v":0}]
[null,null,"Ash",{"$f":"F208","v":0},0,{"$f":"D244","v":0}]
[null,null,"Enzyme",{"$f":"M25","v":0},0,0]
[null,null,"Water",{"$f":"M26","v":0},{"$f":"D246-E235+D245","v":0},0]
[null,null,"Glucose",0,{"$f":"F235","v":0},0]
[null,null,"Total",{"$f":"SUM(D240:D247)","v":0},{"$f":"SUM(E240:E247)","v":0},{"$f":"SUM(F240:F247)","v":0}]
[]
[null,null,null,"Difference"]
[null,null,null,{"$f":"D248-E248-F248","v":0}]
[]
[null,null,"Fermentation"]
[]
[null,null,"Ammonia",{"$f":"340/42688/0.25","v":3.1859070464767617E-2},"kg Ammonia/kg sugars ferm",null,null,"ammonia @ 25%"]
[]
[]
[]
[]
[null,null,null,"Assuming 80% of theoretical yields for ethanol (based on average values of different publications"]
[null,null,"from Xylose",{"$f":"0.51*80%","v":0.40800000000000003},null,"CO2",0.48857434667732408,"kg/kg xylose",null,null,"Biomass yield",null,null,"CO2 from biomass"]
[null,null,"from Glucose",{"$f":"0.51*80%","v":0.40800000000000003},null,"CO2",0.48857434667732408,"kg/kg glucose",null,null,0.13,"g biomass/ g Etanol",null,0.92300538794167575,"g CO2/g biomass"]
[]
[]
[null,null,"For fermentation  -  kg/h",null,null,null,{"$f":"0.8*0.51","v":0.40800000000000003}]
[null,null,null,"Input","Output"]
[null,null,"Glucose",{"$f":"F38+M39","v":0},{"$f":"0","v":0}]
[null,null,"Xylose",{"$f":"F39","v":0},0,null,null,null,{"$f":"9*1000/5000000","v":1.8E-3},"kg/L"]
[null,null,"Biomass",{"$f":"I272","v":0},{"$f":"D272-SUM(E267:E268,E270:E271)","v":0},null,{"$f":"E269+I272","v":0},null,"Biomass required feed"]
[null,null,"Ethanol",0,{"$f":"D262*D267 + D261*D268","v":0},null,null,null,{"$f":"I268/0.789","v":2.2813688212927753E-3},"kg/kg Ethanol"]
[null,null,"CO2",0,{"$f":"1.1*E270","v":0}]
[null,null,"Total",{"$f":"SUM(D267:D271)","v":0},{"$f":"SUM(E267:E271)","v":0},null,null,null,{"$f":"I270*E270","v":0},"kg/h"]
[]
[]
[null,null,null,null,{"$f":"D272-E272","v":0}]

{"sheet":"B_DA_FS4","index":94,"n_rows":275,"n_cols":42,"rows_kept":275,"cut":false,"hidden":true,"merged":[]}
[]
[null,null,"Calculations of Mass and Energy Balances - Dilute Acid"]
[]
[]
[null,"Feedstock",{"$f":"+'Data Entry Needs'!$H$11","v":" "},"Operating h per year",null,{"$f":"+'Data Entry Needs'!$G$43*24","v":0},"h/year"]
[]
[null,null,"Biomass Flowrate - dry basis - Caculus base"]
["`",null,null,100000,"kg/h"]
[]
[null,null,"Biomass composition - dry basis "]
[null,2,"Cellulose",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B11,FALSE),0)","v":0},"wt"]
[null,3,"Hemicellulose",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B12,FALSE),0)","v":0},"wt"]
[null,4,"Lignin",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B13,FALSE),0)","v":0},"wt"]
[null,5,"Ash",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B14,FALSE),0)","v":0},"wt"]
[null,6,"Extractives",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B15,FALSE),0)","v":0},"wt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Multiplier cogeneration"]
[null,7,"Others ",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B16,FALSE),0)","v":0},"wt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Allocator!I18","v":1}]
[null,null,"Total",{"$f":"SUM(D11:D16)","v":0}]
[]
[null,null,"Moisture content"]
[null,10,null,{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$39,$B20,FALSE),0)","v":0},"wt"]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Summary of mass balances for base capacity",null,null,null,null,"Summary of energy balances for base capacity",null,null,null,null,null,null,"Mass balances at selected capacities"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Balance including cogeneration unit",null,null,null,null,null,null,"Capacities - ML/y",5,null,25,null,50,null,100]
[null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(M25:M26)","v":0},"kg/h",null,null,null,null,null,null,null,"Ethanol Plant",null,null,null,null,"Utility type","Required","Produced","Net Energy"]
[null,null,null,null,null,null,null,null,null,null,null,"Enzyme",{"$f":"C224*F217","v":0},"kg/h",null,null,null,null,null,null,null,"Stream","Inputs - kg/h","Outputs - kg/h",null,null,"Steam - MJ/h",{"$f":"D82*D8","v":269000},{"$f":"J110*D8*AA16","v":{"$error":"#DIV/0!"}},{"$f":"AB25-AC25","v":{"$error":"#DIV/0!"}},null,null,null,"Ethanol Plant"]
[null,null,null,null,null,null,null,null,null,null,null,"Water",{"$f":"C227*F217","v":0},"kg/h",null,null,null,null,null,null,null,"Biomass",{"$f":"C30","v":100000},0,null,null,"Electricity - kWh/h",{"$f":"D85*D8","v":19000},{"$f":"J107*D8*AA16","v":{"$error":"#DIV/0!"}},{"$f":"(AB26-AC26)","v":{"$error":"#DIV/0!"}},null,null,null,"Capacity","5 ML",null,"25 ML",null,"50 ML",null,"100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sulfuric Acid",{"$f":"C31","v":2500},0,null,null,null,null,null,null,null,null,null,"Stream","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",null,null,null,null,null,"Water",{"$f":"C32+M26-L61-N61","v":0},0,null,null,null,null,null,null,null,null,null,"Biomass",{"$f":"W58*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X58*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W58*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X58*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W58*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X58*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W58*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X58*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,"Cellulose",{"$f":"F205","v":0},"kg/h",null,null,null,null,"Cellulose",{"$f":"F240","v":0},"kg/h",null,null,null,"Steam",{"$f":"C33","v":0},0,null,null,"Summary of external energy requiremens",null,null,null,null,null,null,"Sulfuric Acid",{"$f":"W59*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W59*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W59*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W59*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,"Biomass (wet)",{"$f":"(D8/((1-D20)/1))","v":100000},"kg/h",null,null,null,null,"Xylan",{"$f":"F206","v":0},"kg/h",null,null,null,null,"Hemicellulose",{"$f":"F241","v":0},"kg/h",null,null,null,"Ammonia",{"$f":"I40","v":0},0,null,null,"Steam - MJ/h",{"$f":"IF(AD25<0,0,AD25)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Sulfuric Acid",{"$f":"D8*C134","v":2500},"kg/h",null,null,null,null,"Lignin",{"$f":"F207","v":0},"kg/h",null,null,null,null,"Lignin",{"$f":"F243","v":0},"kg/h",null,null,null,"Enzyme",{"$f":"M25","v":0},0,null,null,"Electricity - kWh/h",{"$f":"IF(AD26<0,0,AD26)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Water",{"$f":"D8*C138","v":497499.99999999994},"kg/h",null,null,null,null,"Ash",{"$f":"F208","v":0},"kg/h",null,null,null,null,"Ash",{"$f":"F244","v":0},"kg/h",null,null,null,"Yeast",{"$f":"I39","v":0},{"$f":"Q45","v":0},null,null,null,null,null,null,null,null,null,"Ammonia",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Steam",{"$f":"D8*C141","v":0},"kg/h",null,null,null,null,"Total",{"$f":"SUM(J29:J32)","v":0},"kg/h",null,null,null,null,"Total",{"$f":"SUM(Q29:Q32)","v":0},"kg/h",null,null,null,"Lignin",0,{"$f":"Q33","v":0},null,null,"Summary of electricity Exports",null,null,null,null,null,null,"Enzyme",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total",{"$f":"SUM(C30:C33)","v":600000},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",0,{"$f":"Q43","v":0},null,null,"Electricity - kWh/h",{"$f":"IF(AD26<0,-AD26,0)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Yeast",{"$error":"#DIV/0!"},null,{"$error":"#DIV/0!"},null,{"$error":"#DIV/0!"},null,{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"CO2",0,{"$f":"Q47","v":0},null,null,null,null,null,null,null,null,null,"Lignin",{"$error":"#DIV/0!"},{"$f":"(X65*$AI$23*1000000/(1000*1000)) +(X64*$AI$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"(X65*$AK$23*1000000/(1000*1000)) +(X64*$AK$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"(X65*$AM$23*1000000/(1000*1000)) +(X64*$AM$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"(X65*$AO$23*1000000/(1000*1000)) +(X64*$AO$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}}]
[null,"Note: steam @ 10 bar",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sludge",0,{"$f":"Q56","v":2500},null,null,null,null,null,null,null,null,null,"Ethanol",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Water",{"$f":"E215","v":497499.99999999994},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W26:W36)","v":102500},{"$f":"SUM(X26:X36)","v":2500},null,null,null,null,null,null,null,null,null,"CO2",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Glucose",{"$f":"E211","v":0},"kg/h",null,null,null,null,"Water",{"$f":"E246","v":0},"kg/h",null,{"$f":"J33+M24-Q33-M40","v":0},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sludge",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Xylose",{"$f":"E212","v":0},"kg/h","Biomass",{"$f":"D269","v":0},"kg/h",null,"Glucose",{"$f":"E247","v":0},"kg/h",null,null,null,null,null,null,null,"Cogeneration Plant",null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI28:AI38)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AJ28:AJ38)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Others",{"$f":"E209+E213+E214+E216+E208+E210","v":2500},"kg/h","Ammonia",{"$f":"D255*(F38+F39+M39)","v":0},"kg/h",null,"Total",{"$f":"SUM(M38:M39)","v":0},"kg/h",null,null,null,null,null,null,null,"Stream","Inputs - kg/h","Outputs - kg/h",null,null,null,null,null,null,null,null,null,"Cogeneration Plant"]
[null,null,null,null,"Total",{"$f":"SUM(F37:F40)","v":499999.99999999994},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",{"$f":"X33","v":0},0,null,null,null,null,null,null,null,null,null,"Capacity","5 ML",null,"25 ML",null,"50 ML",null,"100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"X32","v":0},0,null,null,null,null,null,null,null,null,null,"Stream","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",{"$f":"E270","v":0},"kg/h",null,null,null,"Water",{"$f":"H118","v":{"$error":"#DIV/0!"}},0,null,null,null,null,null,null,null,null,null,"Lignin",{"$f":"W73*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W73*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W73*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W73*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Air",{"$f":"H119","v":0},0,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"W74*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W74*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W74*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W74*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"E269","v":0},"kg/h",null,null,null,"Flue gas",0,{"$f":"K117","v":0},null,null,null,null,null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"C34-F41-J33","v":100000.00000000006},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Steam",0,{"$f":"K118","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Air",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,{"$f":"F41+I39+I40+M40-Q43-Q45-Q47-M49","v":0},null,null,null,null,null,null,"CO2",{"$f":"E271","v":0},"kg/h",null,null,null,"Ash",0,{"$f":"K119","v":0},null,null,null,null,null,null,null,null,null,"Flue gas",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W41:W47)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(X41:X47)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,"Stillage",{"$f":"M38+F37+F40+I40","v":499999.99999999994},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ash",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI43:AI49)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AJ43:AJ49)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,"Stillage composition after fermentation"]
[null,null,"Water",{"$f":"F37+M38","v":497499.99999999994},"kg/h",null,null,null,null,null,null,null,null,null,null,"Sludge",null,null,"waste",null,null,"Normalized Mass and Energy Balances - Balances used for any capacity",null,null,null,null,null,null,null,null,null,null,null,"Energy balances at selected capacities"]
[null,null,"Ammonia",{"$f":"I40","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Water",{"$f":"D52-L61-N61","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Balances including both ethanol and cogeneration plants"]
[null,null,"Extractives",{"$f":"E209","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Others",{"$f":"D58+D59","v":2500},"kg/h",null,null,null,"Mass Balances",null,null,null,null,"Energy Requirements",null,null,null,null,null,null,"Capacity","5 ML",null,"25 ML",null,"50 ML",null,"100 ML"]
[null,null,"Others ",{"$f":"E210","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Organics",{"$f":"SUM(D53:D57)","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Utility type","Required","For sales","Required","For sales","Required","For sales","Required","For sales"]
[null,null,"Furfural",{"$f":"E213","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(Q53:Q55)","v":2500},"kg/h",null,null,null,"Ethanol Plant",null,null,null,null,"Summary of external energy requiremens",null,null,null,null,null,null,"Steam - MJ/y",{"$f":"$AB$57*$AI$23*1000000","v":{"$error":"#DIV/0!"}},0,{"$f":"$AB$57*$AK$23*1000000","v":{"$error":"#DIV/0!"}},0,{"$f":"$AB$57*$AM$23*1000000","v":{"$error":"#DIV/0!"}},0,{"$f":"$AB$57*$AO$23*1000000","v":{"$error":"#DIV/0!"}},0]
[null,null,"HMF",{"$f":"E214","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Stream","Inputs - kg/L EtOH","Outputs - kg/L EtOH",null,null,"Steam - MJ/L EtOH",{"$f":"AB30/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Electricity - kWh/y",{"$f":"$AB$58*$AI$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AI$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$58*$AK$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AK$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$58*$AM$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AM$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$58*$AO$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AO$23*1000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Ash",{"$f":"E208","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Biomass (wet)",{"$f":"W26/$P$72","v":{"$error":"#DIV/0!"}},{"$f":"X26/$P$72","v":{"$error":"#DIV/0!"}},null,null,"Electricity - kWh/L EtOH",{"$f":"AB31/$P$72","v":{"$error":"#DIV/0!"}}]
[null,null,"Acid",{"$f":"E216","v":2500},"kg/h",null,null,null,null,null,null,null,null,null,null,null,{"$f":"M49-L61-N61-Q56","v":0},null,null,null,null,"Sulfuric Acid",{"$f":"W27/$P$72","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,"Total",{"$f":"SUM(D52:D59)","v":499999.99999999994},"kg/h",null,null,null,null,null,null,null,null,"water to hydrolysis",null,null,null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Summary of electricity Exports"]
[null,null,null,null,null,null,null,null,null,null,"Rec. Water",{"$f":"D8*C138","v":497499.99999999994},"kg/h",{"$f":"C227*F217","v":0},"kg/h",null,null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Electricity - kWh/L EtOH",{"$f":"AB34/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Capital Investment"]
[null,null,null,null,null,null,null,null,null,null,null,"Be carefull recovered water to be recycled",null,null,null,null,null,null,null,null,null,"Ammonia",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Base case capacity ","63 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Enzyme",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Capex Cogeneration","USD",null,"Capex Ethanol Plant","USD",null,"Cogeneration Capex factor"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Buildings",{"$f":"32000000*4%*AO64","v":3199999.9999999991},null,"Buildings",{"$f":"32000000*96%","v":30720000},null,{"$f":"Allocator!I23","v":"Simple"},{"$f":"Allocator!J27","v":2.4999999999999991}]
[null,null,null,"Balance check",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Energy produced in cogeneration",null,null,null,null,null,null,"Plant and Equipment",{"$f":"122050000*4%*AO64","v":12204999.999999996},null,"Plant and Equipment",{"$f":"122050000*96%","v":117168000}]
[null,null,"kg/h","Inputs","Outputs","Difference",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"C34+I40+M24+I39","v":600000},{"$f":"Q43+Q45+Q47+Q33+Q56+N61+L61","v":499999.99999999994},{"$f":"D67-E67","v":100000.00000000006},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"CO2",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Summary of energy produced in cogeneration",null,null,null,null,null,null,"Total investment costs: Ethanol + Cogeneration systems"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sludge",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Steam - MW/ML/y EtOH",{"$f":"(AC25/3600)/(P72*'Data Entry Needs'!$G$43*24/1000000)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Capacity","5 ML","25 ML","50 ML","100 ML"]
[null,null,"Summary",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W58:W68)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(X58:X68)","v":{"$error":"#DIV/0!"}},null,null,"Electricity - kW/ML/y EtOH",{"$f":"(AC26*3.6*1000/3600)/(P72*'Data Entry Needs'!$G$43*24/1000000)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Buildings - USD",{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(5/63)^0.6,-3)","v":7418000},{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(25/63)^0.6,-3)","v":19482000},{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(50/63)^0.6,-3)","v":29528000},{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(100/63)^0.6,-3)","v":44757000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant and Equipment - USD",{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(5/63)^0.6,-3)","v":28290000},{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(25/63)^0.6,-3)","v":74303000},{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(50/63)^0.6,-3)","v":112622000},{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(100/63)^0.6,-3)","v":170703000}]
[null,null,"Ethanol yield",null,null,null,null,null,"Water requirements",null,null,null,null,null,null,"Liters of ethanol produced",null,null,null,null,null,"Cogeneration Plant",null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI69:AI70)","v":35708000},{"$f":"SUM(AJ69:AJ70)","v":93785000},{"$f":"SUM(AK69:AK70)","v":142150000},{"$f":"SUM(AL69:AL70)","v":215460000}]
[null,null,{"$f":"Q43/D8","v":0},"kg/kg RM (dry basis)",null,null,null,null,{"$f":"(C32+M26-L61-N61)/Q43","v":{"$error":"#DIV/0!"}},"m3/t ethanol",null,null,null,null,null,{"$f":"Q43*1000/(789)","v":0},"L/h",null,null,null,null,"Stream","Inputs - kg/L EtOH","Outputs - kg/L EtOH"]
[null,null,{"$f":"(C72/789)*(1000)*1000","v":0},"L/t RM dry",null,null,null,null,"After recycling water recovered from water treatment",null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",{"$f":"W41/$P$72","v":{"$error":"#DIV/0!"}},{"$f":"X41/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Investment costs: Cogeneration systems"]
[null,null,{"$f":"P72*1000/C30","v":0},"L/t RM wet",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"W42/$P$72","v":{"$error":"#DIV/0!"}},{"$f":"X42/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Capacity","5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Buildings - USD",{"$f":"ROUNDUP((($AI$64))*(5/63)^0.6,-3)","v":700000},{"$f":"ROUNDUP((($AI$64))*(25/63)^0.6,-3)","v":1838000},{"$f":"ROUNDUP((($AI$64))*(50/63)^0.6,-3)","v":2786000},{"$f":"ROUNDUP((($AI$64))*(100/63)^0.6,-3)","v":4223000}]
[null,null,"Lignin Yield",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Air",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Plant and Equipment - USD",{"$f":"ROUNDUP((($AI$65))*(5/63)^0.6,-3)","v":2669000},{"$f":"ROUNDUP((($AI$65))*(25/63)^0.6,-3)","v":7010000},{"$f":"ROUNDUP((($AI$65))*(50/63)^0.6,-3)","v":10625000},{"$f":"ROUNDUP((($AI$65))*(100/63)^0.6,-3)","v":16104000}]
[null,null,{"$f":"Q33/Q43","v":{"$error":"#DIV/0!"}},"kg/kg EtOh",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Flue gas",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI75:AI76)","v":3369000},{"$f":"SUM(AJ75:AJ76)","v":8848000},{"$f":"SUM(AK75:AK76)","v":13411000},{"$f":"SUM(AL75:AL76)","v":20327000}]
[null,null,{"$f":"Q33/D8","v":0},"kg/kg RM (dry basis)",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ash",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Performance cogeneration system"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W73:W79)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(X73:X79)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Capacity","5 ML","25 ML","50 ML","100 ML"]
[null,null,"Energy requirements",null,null,null,null,null,"Energy requirements",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Electricity Capacity (kW)",{"$f":"$AB$69*5","v":{"$error":"#DIV/0!"}},{"$f":"$AB$69*25","v":{"$error":"#DIV/0!"}},{"$f":"$AB$69*50","v":{"$error":"#DIV/0!"}},{"$f":"$AB$69*100","v":{"$error":"#DIV/0!"}}]
[null,null,"Heating",2.69,"MJ/kg RM (dry basis)",null,null,null,"Heating",{"$f":"(D82*D8/Q43)*0.789","v":{"$error":"#DIV/0!"}},"MJ/L Ethanol",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Heat Capacity (MW)",{"$f":"$AB$68*5","v":{"$error":"#DIV/0!"}},{"$f":"$AB$68*25","v":{"$error":"#DIV/0!"}},{"$f":"$AB$68*50","v":{"$error":"#DIV/0!"}},{"$f":"$AB$68*100","v":{"$error":"#DIV/0!"}}]
[null,null,"Cooling",0,"MJ/kg RM (dry basis)",null,null,null,"Cooling",{"$f":"(D83*D8/Q43)*0.789","v":{"$error":"#DIV/0!"}},"MJ/L Ethanol",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant Electricity Demand Supplied",{"$f":"IF(AD26<0,1,1-(AD26/AB26))","v":{"$error":"#DIV/0!"}},{"$f":"$AI$83","v":{"$error":"#DIV/0!"}},{"$f":"$AI$83","v":{"$error":"#DIV/0!"}},{"$f":"$AI$83","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant Heat Demand Supplied",{"$f":"IF(AD25<0,1,1-(AD25/AB25))","v":{"$error":"#DIV/0!"}},{"$f":"$AI$84","v":{"$error":"#DIV/0!"}},{"$f":"$AI$84","v":{"$error":"#DIV/0!"}},{"$f":"$AI$84","v":{"$error":"#DIV/0!"}}]
[null,null,"Electricity",0.19,"kWh/kg RM (dry basis)",null,null,null,"Electricity",{"$f":"(D85*$D$8/$Q$43)","v":{"$error":"#DIV/0!"}},"kWh/kg EtOH",null,"equal to MWh/t ethanol",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Electricity Surplus (% of total produced)",{"$f":"IF(AD26>0,0,(ABS(AD26))/AC26)","v":{"$error":"#DIV/0!"}},{"$f":"$AI$85","v":{"$error":"#DIV/0!"}},{"$f":"$AI$85","v":{"$error":"#DIV/0!"}},{"$f":"$AI$85","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,"Electricity",{"$f":"J85*0.789","v":{"$error":"#DIV/0!"}},"kWh/L"]
[]
[null,null,"Not integrated "]
[]
[]
[null,null,"Cogeneration"]
[null,null,"Turbine Eff",null,{"$f":"Allocator!$I$15","v":0.85}]
[null,null,"Electrical efficiency",null,{"$f":"Allocator!$J$24","v":0.2},null,"Multiplier sensitivity to include organics"]
[null,null,"Thermal Efficiency",null,{"$f":"Allocator!$J$25","v":0.2},null,0,null,null,null,null,null,"Heating value Steam"]
[null,null,null,null,{"$f":"(E94-E93)/(1-(E93/E92))","v":0},null,null,null,null,null,null,null,{"$f":"2.2026","v":2.2025999999999999},"MJ/kg"]
[null,null,null,null,null,null,"Lignin composition - free of Ash"]
[null,null,"Low heating values (LHV) - Moisture 0%",null,null,null,null,"kg/h","mass fraction","Heating Value",null,"MJ/h"]
[null,null,"Cellulose",17,"MJ/kg",null,"Cellulose",{"$f":"Q29","v":0},{"$f":"H98/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I98*D98","v":{"$error":"#DIV/0!"}},null,{"$f":"H98*D98","v":0}]
[null,null,"Hemicellulose",16,"MJ/kg",null,"Hemicellulose",{"$f":"Q30","v":0},{"$f":"H99/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I99*D99","v":{"$error":"#DIV/0!"}},null,{"$f":"H99*D99","v":0},null,null,"Air",{"$f":"2*H103","v":0},"kg/h"]
[null,null,"Lignin",25,"MJ/kg",null,"Lignin",{"$f":"Q31","v":0},{"$f":"H100/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I100*D100","v":{"$error":"#DIV/0!"}},null,{"$f":"H100*D100","v":0}]
[null,null,"Cell Biomass",16,"MJ/kg",null,"Cell Biomass",{"$f":"Q45","v":0},{"$f":"H101/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I101*D101","v":{"$error":"#DIV/0!"}},null,{"$f":"H101*D101","v":0},null,null,"Flue gas",{"$f":"P99+H103","v":0},"kg/h"]
[null,null,"Organics",17,"MJ/kg",null,"Organics",{"$f":"Q55*G94","v":0},{"$f":"H102/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I102*D102","v":{"$error":"#DIV/0!"}},null,{"$f":"H102*D102","v":0}]
[null,null,null,null,null,null,"Total",{"$f":"SUM(H98:H102)","v":0},{"$f":"SUM(I98:I102)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(J98:J102)","v":{"$error":"#DIV/0!"}},"MJ/kg"]
[null,null,null,null,null,null,null,null,null,{"$f":"J103*(H98+H99+H100+H101+H102)","v":{"$error":"#DIV/0!"}},"MJ/h",{"$f":"SUM(L98:L102)","v":0}]
[]
[]
[null,null,"Electricty produced",null,null,null,null,null,"Electricity produced",{"$f":"(C108/D8/3.6)","v":{"$error":"#DIV/0!"}},"kWh/kg RM (dry basis)"]
[null,null,{"$f":"E94*J104 -C111","v":{"$error":"#DIV/0!"}},"MJ/h",null,null,null,null,"Produced"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Steam produced",{"$f":"C111/M95","v":{"$error":"#DIV/0!"}},"kg/h"]
[null,null,"Steam produced",null,null,null,null,null,"Steam produced",{"$f":"(C111/D8)","v":{"$error":"#DIV/0!"}},"MJ/kg RM (dry basis)"]
[null,null,{"$f":"J104*E95","v":{"$error":"#DIV/0!"}},"MJ/h",null,null,null,null,"Produced"]
[]
[]
[null,null,null,"Mass balance cogeneration Unit"]
[]
[null,null,null,null,null,null,null,"Input kg/h",null,null,"ouput kg/h"]
[null,null,null,null,null,null,"Solids",{"$f":"H103+Q32","v":0},null,"Flue gas",{"$f":"P101","v":0}]
[null,null,null,null,null,null,"Water",{"$f":"P109","v":{"$error":"#DIV/0!"}},null,"Steam",{"$f":"P109","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,"Air",{"$f":"P99","v":0},null,"Ash",{"$f":"Q32","v":0}]
[null,null,null,null,null,null,"Total",{"$f":"SUM(H117:H119)","v":{"$error":"#DIV/0!"}},null,"Total",{"$f":"SUM(K117:K119)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,null,null,null,null,{"$f":"H120-K120","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,"Relations and calculations"]
[null,null,null,null,null,null,null,null,"Acid concetration"]
[null,null,"Sulfuric acid - before pretreatment",null,null,null,null,null,0.5,"% (w/v)",{"$f":"(I133/100)","v":5.0000000000000001E-3},"kg/L solución",null,0.02,"kg/kg solucion"]
[null,null,{"$f":"H139*M135","v":2.5000000000000001E-2},"kg/kg biomass (dry)",null,null,null,null,null,null,null,null,"mass frac"]
[null,null,"pure sulfuric acid, valid for all biomasses",null,null,null,null,null,null,null,"Acido sulfurico",{"$f":"K133*1000","v":5},{"$f":"L135/L137","v":5.0000000000000001E-3}]
[null,null,null,null,null,null,null,null,null,null,"Agua",{"$f":"1000-L135","v":995},{"$f":"L136/L137","v":0.995}]
[null,null,"Water for biomass dilution prior pretreatment",null,null,null,null,null,null,null,"Solucion ",1000]
[null,null,{"$f":"H139*M136","v":4.9749999999999996},"kg water/kg biomass",null,null,null,"liquid/solid ratio"]
[null,null,null,null,null,null,null,5]
[null,null,"Steam for pretreatmet "]
[null,null,0,"kg steam/kg dry biomass"]
[null,null,"Steam at 180 ºC"]
[]
[null,null,"Pretreatment conversions and reactions"]
[]
[null,null,"reactions",null,null,null,null,null,"Conversion ",null,null,"Compounds","MW"]
[null,null,"reaction 1","CELLULOS(CIPSD)   -->  CELLULOS(MIXED)",null,null,null,null,1.6E-2,null,null,"Cellulose",162.14241999999999]
[null,null,"reaction 2","HEMICELL(CIPSD)   -->  HEMICELL(MIXED)",null,null,null,null,0.9,null,null,"Hemicellulose",132.11612]
[null,null,"reaction 3","LIGNIN(CIPSD)   -->  LIGNIN(MIXED)",null,null,null,null,0,null,null,"Lignin",122.49299999999999]
[null,null,"reaction 4","Extractives (CIPSD)   -->  Extractives(MIXED)",null,null,null,null,1,null,null,"Extractives",282.46676000000002]
[null,null,"reaction 5","Others(CIPSD)   -->  Others(MIXED)",null,null,null,null,1,null,null,"Others",170.12]
[null,null,"reaction 6","CELLULOS(MIXED)  + WATER(MIXED)   -->  GLUCOSE(MIXED)",null,null,null,null,1,null,null,"Glucose",180.15768]
[null,null,"reaction 7","Galactan(CIPSD)   -->  Galactan(MIXED)",null,null,null,null,{"$f":"I148","v":0.9},null,null,"Galactan",162.14241999999999]
[null,null,"reaction 8","Galactan(MIXED)  + WATER(MIXED)   -->  GLUCOSE(MIXED)",null,null,null,null,1,null,null,"Xylose",150.13140000000001]
[null,null,"reaction 9","HEMICELL(MIXED)  + WATER(MIXED)   -->  XYLOSE(MIXED)",null,null,null,null,1,null,null,"Furfural",96.085560000000001]
[null,null,"reaction 10","XYLOSE(MIXED)   -->  FURFURAL(MIXED) + 3 WATER(MIXED)",null,null,null,null,0.14000000000000001,null,null,"HMF",126.11]
[null,null,"reaction 11","GLUCOSE(MIXED)   -->  3 WATER(MIXED) + HMF(MIXED)",null,null,null,null,0.05,null,null,"Water",18.015280000000001]
[null,null,"reaction 12","Ash (non-soluble) --> Ash (soluble)",null,null,null,null,0.5]
[]
[null,null,null,"Molar balances each reaction"]
[null,null,null,"Reaction 1",null,null,null,null,null,null,null,"Reaction 7"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Cellulose -Solid",null,"Cellulose mixed",null,null,null,null,null,"GALACTAN -Solid",null,"Galactan mixed"]
[null,null,"kg/h",{"$f":"D8*D11*I147","v":0},null,{"$f":"D164","v":0},null,null,null,null,"kg/h",0,null,{"$f":"L164","v":0}]
[null,null,"kmol/h",{"$f":"D164/M147","v":0},null,{"$f":"F164/M147","v":0},null,null,null,null,"kmol/h",{"$f":"L164/M153","v":0},null,{"$f":"N164/M153","v":0}]
[]
[]
[null,null,null,"Reaction 2",null,null,null,null,null,null,null,"Reaction 8"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Hemicell -Solid",null,"Hemice mixed",null,null,null,null,null,"Galactan","water","glucose"]
[null,null,"kg/h",{"$f":"$D$8*D12*I148","v":0},null,{"$f":"D171","v":0},null,null,null,null,"kg/h",{"$f":"L172*M153","v":0},{"$f":"M172*M157","v":0},{"$f":"N172*M152","v":0}]
[null,null,"kmol/h",{"$f":"D171/M148","v":0},null,{"$f":"F171/M148","v":0},null,null,null,null,"kmol/h",{"$f":"N165*I154","v":0},{"$f":"L172","v":0},{"$f":"L172","v":0}]
[]
[]
[null,null,null,"Reaction 3",null,null,null,null,null,null,null,"Reaction 9"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Lignin -Solid",null,"Lignin mixed",null,null,null,null,null,"Hemicellulose","Water","Xylose"]
[null,null,"kg/h",{"$f":"$D$8*D13*I149","v":0},null,{"$f":"D178","v":0},null,null,null,null,"kg/h",{"$f":"L179*M148","v":0},{"$f":"M179*M157","v":0},{"$f":"N179*M154","v":0}]
[null,null,"kmol/h",{"$f":"D178/M149","v":0},null,{"$f":"F178/M149","v":0},null,null,null,null,"kmol/h",{"$f":"F172*I155","v":0},{"$f":"L179","v":0},{"$f":"L179","v":0}]
[]
[]
[null,null,null,"Reaction 4",null,null,null,null,null,null,null,"Reaction 10"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Extractives -Solid",null,"Extractives mixed",null,null,null,null,null,"Xylose",null,"Furfural","Water"]
[null,null,"kg/h",{"$f":"$D$8*D15*I150","v":0},null,{"$f":"D185","v":0},null,null,null,null,"kg/h",{"$f":"L186*M154","v":0},null,{"$f":"N186*M155","v":0},{"$f":"O186*M157","v":0}]
[null,null,"kmol/h",{"$f":"D185/M150","v":0},null,{"$f":"F185/M150","v":0},null,null,null,null,"kmol/h",{"$f":"N179*I156","v":0},null,{"$f":"L186","v":0},{"$f":"3*L186","v":0}]
[]
[]
[null,null,null,"Reaction 5",null,null,null,null,null,null,null,"Reaction 11"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Others -Solid",null,"Others mixed",null,null,null,null,null,"Glucose",null,"Water","HMF"]
[null,null,"kg/h",{"$f":"$D$8*D16*I151","v":0},null,{"$f":"D192","v":0},null,null,null,null,"kg/h",{"$f":"L193*M152","v":0},null,{"$f":"N193*M157","v":0},{"$f":"O193*M156","v":0}]
[null,null,"kmol/h",{"$f":"D192/M151","v":0},null,{"$f":"F192/M151","v":0},null,null,null,null,"kmol/h",{"$f":"(F200+N172)*I157","v":0},null,{"$f":"3*L193","v":0},{"$f":"L193","v":0}]
[]
[]
[null,null,null,"Reaction 6",null,null,null,null,null,null,null,"Reaction 12"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Cellulose mixed","Water","Glucose",null,null,null,null,null,"Ash solid",null,"Ash solube"]
[null,null,"kg/h",{"$f":"D200*M147","v":0},{"$f":"E200*M157","v":0},{"$f":"F200*M152","v":0},null,null,null,null,"kg/h",{"$f":"$D$8*D14*I158","v":0},null,{"$f":"L199","v":0}]
[null,null,"kmol/h",{"$f":"F165*I152","v":0},{"$f":"D200","v":0},{"$f":"D200","v":0},null,null,null,null,"kmol/h"]
[]
[]
[null,null,null,null,null,"kg/h"]
[null,null,null,"Input","Liquid","Solid"]
[null,null,"Cellulose",{"$f":"$D$8*D11","v":0},0,{"$f":"D205-D164","v":0}]
[null,null,"Xylan",0,0,{"$f":"D206-D171","v":0}]
[null,null,"Lignin",0,{"$f":"F178","v":0},{"$f":"D207-E207","v":0}]
[null,null,"Ash",0,{"$f":"N199","v":0},{"$f":"D208-E208","v":0}]
[null,null,"Extractives",0,{"$f":"F185","v":0},{"$f":"D209-E209","v":0}]
[null,null,"Others ",0,{"$f":"F192","v":0},{"$f":"D210-E210","v":0}]
[null,null,"Glucose",0,{"$f":"F199-L192","v":0},0]
[null,null,"Xylose",0,{"$f":"N178-L185","v":0},0]
[null,null,"Furfural",0,{"$f":"N185","v":0},0]
[null,null,"HMF",0,{"$f":"O192","v":0},0]
[null,null,"Water",{"$f":"(C30-D8)+C32+C33","v":497499.99999999994},{"$f":"D215-E199-M171-M178+O185+N192","v":497499.99999999994},0]
[null,null,"Sulfuric acid",{"$f":"C31","v":2500},{"$f":"D216","v":2500},0]
[null,null,"Total",{"$f":"SUM(D205:D216)","v":499999.99999999994},{"$f":"SUM(E205:E216)","v":499999.99999999994},{"$f":"SUM(F205:F216)","v":0}]
[]
[null,null,null,{"$f":"D217-E217-F217","v":0}]
[]
[null,null,"Enzymatic hydrolysis"]
[]
[null,null,"Enzyme dosage"]
[null,null,0.05,"kg enzyme/kg solid at entrance hydrolysis reactor",null,null,null,"Based on Novozymes Recommendations",null,null,null,"http://bioenergy.novozymes.com/en/cellulosic-ethanol/CellicCTec3/Documents/AS_2010-01668-03.pdf"]
[]
[null,null,"Water for dilution enzy,atic hydrolysis"]
[null,null,2.66,"kg water/kg solid"]
[]
[null,null,null,null,null,null,null,null,"Conversion"]
[null,null,"reaction","CELLULOSE + WATER(MIXED)   -->  GLUCOSE(MIXED)",null,null,null,null,0.82]
[]
[null,null,null,"Reaction 6"]
[null,null,null,"Reactants",null,"Products"]
[null,null,null,"Cellulose mixed","Water","Glucose"]
[null,null,"kg/h",{"$f":"F205*I230","v":0},{"$f":"E236*M157","v":0},{"$f":"F236*M152","v":0}]
[null,null,"kmol/h",{"$f":"D235/M147","v":0},{"$f":"D236","v":0},{"$f":"D236","v":0}]
[]
[]
[null,null,null,"Input","Liquid","Lignin"]
[null,null,"Cellulose",{"$f":"F205","v":0},0,{"$f":"D240-D235","v":0}]
[null,null,"Xylan",{"$f":"F206","v":0},0,{"$f":"D241","v":0}]
[null,null,"Galactan",{"$f":"L164","v":0},0,{"$f":"D242","v":0}]
[null,null,"Lignin",{"$f":"F207","v":0},0,{"$f":"D243","v":0}]
[null,null,"Ash",{"$f":"F208","v":0},0,{"$f":"D244","v":0}]
[null,null,"Enzyme",{"$f":"M25","v":0},0,0]
[null,null,"Water",{"$f":"M26","v":0},{"$f":"D246-E235+D245","v":0},0]
[null,null,"Glucose",0,{"$f":"F235","v":0},0]
[null,null,"Total",{"$f":"SUM(D240:D247)","v":0},{"$f":"SUM(E240:E247)","v":0},{"$f":"SUM(F240:F247)","v":0}]
[]
[null,null,null,"Difference"]
[null,null,null,{"$f":"D248-E248-F248","v":0}]
[]
[null,null,"Fermentation"]
[]
[null,null,"Ammonia",{"$f":"340/42688/0.25","v":3.1859070464767617E-2},"kg Ammonia/kg sugars ferm",null,null,"ammonia @ 25%"]
[]
[]
[]
[]
[null,null,null,"Assuming 80% of theoretical yields for ethanol (based on average values of different publications"]
[null,null,"from Xylose",{"$f":"0.51*80%","v":0.40800000000000003},null,"CO2",0.48857434667732408,"kg/kg xylose",null,null,"Biomass yield",null,null,"CO2 from biomass"]
[null,null,"from Glucose",{"$f":"0.51*80%","v":0.40800000000000003},null,"CO2",0.48857434667732408,"kg/kg glucose",null,null,0.13,"g biomass/ g Etanol",null,0.92300538794167575,"g CO2/g biomass"]
[]
[]
[null,null,"For fermentation  -  kg/h",null,null,null,{"$f":"0.8*0.51","v":0.40800000000000003}]
[null,null,null,"Input","Output"]
[null,null,"Glucose",{"$f":"F38+M39","v":0},{"$f":"0","v":0}]
[null,null,"Xylose",{"$f":"F39","v":0},0,null,null,null,{"$f":"9*1000/5000000","v":1.8E-3},"kg/L"]
[null,null,"Biomass",{"$f":"I272","v":0},{"$f":"D272-SUM(E267:E268,E270:E271)","v":0},null,{"$f":"E269+I272","v":0},null,"Biomass required feed"]
[null,null,"Ethanol",0,{"$f":"D262*D267 + D261*D268","v":0},null,null,null,{"$f":"I268/0.789","v":2.2813688212927753E-3},"kg/kg Ethanol"]
[null,null,"CO2",0,{"$f":"1.1*E270","v":0}]
[null,null,"Total",{"$f":"SUM(D267:D271)","v":0},{"$f":"SUM(E267:E271)","v":0},null,null,null,{"$f":"I270*E270","v":0},"kg/h"]
[]
[]
[null,null,null,null,{"$f":"D272-E272","v":0}]

{"sheet":"B_SE_FS1","index":95,"n_rows":275,"n_cols":42,"rows_kept":275,"cut":false,"hidden":true,"merged":[]}
[]
[null,null,"Calculations of Mass and Energy Balances - Steam Explosion"]
[]
[]
[null,"Feedstock",{"$f":"+'Data Entry Needs'!$E$11","v":" "},"Operating h per year",null,{"$f":"+'Data Entry Needs'!$G$43*24","v":0},"h/year"]
[]
[null,null,"Biomass Flowrate - dry basis - Caculus base"]
["`",null,null,100000,"kg/h"]
[]
[null,null,"Biomass composition - dry basis "]
[null,2,"Cellulose",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B11,FALSE),0)","v":0},"wt"]
[null,3,"Hemicellulose",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B12,FALSE),0)","v":0},"wt"]
[null,4,"Lignin",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B13,FALSE),0)","v":0},"wt"]
[null,5,"Ash",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B14,FALSE),0)","v":0},"wt"]
[null,6,"Extractives",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B15,FALSE),0)","v":0},"wt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Multiplier cogeneration"]
[null,7,"Others ",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B16,FALSE),0)","v":0},"wt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Allocator!I18","v":1}]
[null,null,"Total",{"$f":"SUM(D11:D16)","v":0}]
[]
[null,null,"Moisture content"]
[null,10,null,{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$39,$B20,FALSE),0)","v":0},"wt"]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Summary of mass balances for base capacity",null,null,null,null,"Summary of energy balances for base capacity",null,null,null,null,null,null,"Mass balances at selected capacities"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Balance including cogeneration unit",null,null,null,null,null,null,"Capacities - ML/y",5,null,25,null,50,null,100]
[null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(M25:M26)","v":0},"kg/h",null,null,null,null,null,null,null,"Ethanol Plant",null,null,null,null,"Utility type","Required","Produced","Net Energy"]
[null,null,null,null,null,null,null,null,null,null,null,"Enzyme",{"$f":"C224*F217","v":0},"kg/h",null,null,null,null,null,null,null,"Stream","Inputs - kg/h","Outputs - kg/h",null,null,"Steam - MJ/h",{"$f":"D82*D8 + W29*2.2026","v":428260},{"$f":"J110*D8*AA16","v":{"$error":"#DIV/0!"}},{"$f":"AB25-AC25","v":{"$error":"#DIV/0!"}},null,null,null,"Ethanol Plant"]
[null,null,null,null,null,null,null,null,null,null,null,"Water",{"$f":"C227*F217","v":0},"kg/h",null,null,null,null,null,null,null,"Biomass",{"$f":"C30","v":100000},0,null,null,"Electricity - kWh/h",{"$f":"D85*D8","v":20000},{"$f":"J107*D8*AA16","v":{"$error":"#DIV/0!"}},{"$f":"(AB26-AC26)","v":{"$error":"#DIV/0!"}},null,null,null,"Capacity","5 ML",null,"25 ML",null,"50 ML",null,"100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sulfuric Acid",{"$f":"C31","v":0},0,null,null,"Be carefull, steam for pretreatment included as utility",null,null,null,null,null,null,"Stream","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",null,null,null,null,null,"Water",{"$f":"C32+M26-L61-N61","v":0},0,null,null,null,null,null,null,null,null,null,"Biomass",{"$f":"W58*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X58*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W58*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X58*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W58*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X58*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W58*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X58*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,"Cellulose",{"$f":"F205","v":0},"kg/h",null,null,null,null,"Cellulose",{"$f":"F240","v":0},"kg/h",null,null,null,"Steam",{"$f":"C33","v":100000},0,null,null,"Summary of external energy requiremens",null,null,null,null,null,null,"Sulfuric Acid",{"$f":"W59*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W59*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W59*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W59*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,"Biomass (wet)",{"$f":"(D8/((1-D20)/1))","v":100000},"kg/h",null,null,null,null,"Xylan",{"$f":"F206","v":0},"kg/h",null,null,null,null,"Hemicellulose",{"$f":"F241","v":0},"kg/h",null,null,null,"Ammonia",{"$f":"I40","v":0},0,null,null,"Steam - MJ/h",{"$f":"IF(AD25<0,0,AD25)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Sulfuric Acid",{"$f":"D8*C134","v":0},"kg/h",null,null,null,null,"Lignin",{"$f":"F207","v":0},"kg/h",null,null,null,null,"Lignin",{"$f":"F243","v":0},"kg/h",null,null,null,"Enzyme",{"$f":"M25","v":0},0,null,null,"Electricity - kWh/h",{"$f":"IF(AD26<0,0,AD26)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Water",{"$f":"D8*C138","v":400000},"kg/h",null,null,null,null,"Ash",{"$f":"F208","v":0},"kg/h",null,null,null,null,"Ash",{"$f":"F244","v":0},"kg/h",null,null,null,"Yeast",{"$f":"I39","v":0},{"$f":"Q45","v":0},null,null,null,null,null,null,null,null,null,"Ammonia",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Steam",{"$f":"D8*C141","v":100000},"kg/h",null,null,null,null,"Total",{"$f":"SUM(J29:J32)","v":0},"kg/h",null,null,null,null,"Total",{"$f":"SUM(Q29:Q32)","v":0},"kg/h",null,null,null,"Lignin",0,{"$f":"Q33","v":0},null,null,"Summary of electricity Exports",null,null,null,null,null,null,"Enzyme",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total",{"$f":"SUM(C30:C33)","v":600000},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",0,{"$f":"Q43","v":0},null,null,"Electricity - kWh/h",{"$f":"IF(AD26<0,-AD26,0)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Yeast",{"$error":"#DIV/0!"},null,{"$error":"#DIV/0!"},null,{"$error":"#DIV/0!"},null,{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"CO2",0,{"$f":"Q47","v":0},null,null,null,null,null,null,null,null,null,"Lignin",{"$error":"#DIV/0!"},{"$f":"(X65*$AI$23*1000000/(1000*1000)) +(X64*$AI$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"(X65*$AK$23*1000000/(1000*1000)) +(X64*$AK$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"(X65*$AM$23*1000000/(1000*1000)) +(X64*$AM$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"(X65*$AO$23*1000000/(1000*1000)) +(X64*$AO$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}}]
[null,"Note: steam @ 10 bar",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sludge",0,{"$f":"Q56","v":100000},null,null,null,null,null,null,null,null,null,"Ethanol",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Water",{"$f":"E215","v":500000},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W26:W36)","v":200000},{"$f":"SUM(X26:X36)","v":100000},null,null,null,null,null,null,null,null,null,"CO2",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Glucose",{"$f":"E211","v":0},"kg/h",null,null,null,null,"Water",{"$f":"E246","v":0},"kg/h",null,{"$f":"J33+M24-Q33-M40","v":0},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sludge",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Xylose",{"$f":"E212","v":0},"kg/h","Biomass",{"$f":"D269","v":0},"kg/h",null,"Glucose",{"$f":"E247","v":0},"kg/h",null,null,null,null,null,null,null,"Cogeneration Plant",null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI28:AI38)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AJ28:AJ38)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Others",{"$f":"E209+E213+E214+E216+E208+E210","v":0},"kg/h","Ammonia",{"$f":"D255*(F38+F39+M39)","v":0},"kg/h",null,"Total",{"$f":"SUM(M38:M39)","v":0},"kg/h",null,null,null,null,null,null,null,"Stream","Inputs - kg/h","Outputs - kg/h",null,null,null,null,null,null,null,null,null,"Cogeneration Plant"]
[null,null,null,null,"Total",{"$f":"SUM(F37:F40)","v":500000},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",{"$f":"X33","v":0},0,null,null,null,null,null,null,null,null,null,"Capacity","5 ML",null,"25 ML",null,"50 ML",null,"100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"X32","v":0},0,null,null,null,null,null,null,null,null,null,"Stream","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",{"$f":"E270","v":0},"kg/h",null,null,null,"Water",{"$f":"H118","v":{"$error":"#DIV/0!"}},0,null,null,null,null,null,null,null,null,null,"Lignin",{"$f":"W73*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W73*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W73*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W73*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Air",{"$f":"H119","v":0},0,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"W74*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W74*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W74*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W74*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"E269","v":0},"kg/h",null,null,null,"Flue gas",0,{"$f":"K117","v":0},null,null,null,null,null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"C34-F41-J33","v":100000},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Steam",0,{"$f":"K118","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Air",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,{"$f":"F41+I39+I40+M40-Q43-Q45-Q47-M49","v":0},null,null,null,null,null,null,"CO2",{"$f":"E271","v":0},"kg/h",null,null,null,"Ash",0,{"$f":"K119","v":0},null,null,null,null,null,null,null,null,null,"Flue gas",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W41:W47)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(X41:X47)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,"Stillage",{"$f":"M38+F37+F40+I40","v":500000},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ash",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI43:AI49)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AJ43:AJ49)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,"Stillage composition after fermentation"]
[null,null,"Water",{"$f":"F37+M38","v":500000},"kg/h",null,null,null,null,null,null,null,null,null,null,"Sludge",null,null,"waste",null,null,"Normalized Mass and Energy Balances - Balances used for any capacity",null,null,null,null,null,null,null,null,null,null,null,"Energy balances at selected capacities"]
[null,null,"Ammonia",{"$f":"I40","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Water",{"$f":"D52-L61-N61","v":100000},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Balances including both ethanol and cogeneration plants"]
[null,null,"Extractives",{"$f":"E209","v":0},"kg/h",null,null,{"$f":"M49-D60","v":0},null,null,null,null,null,null,null,"Others",{"$f":"D58+D59","v":0},"kg/h",null,null,null,"Mass Balances",null,null,null,null,"Energy Requirements",null,null,null,null,null,null,"Capacity","5 ML",null,"25 ML",null,"50 ML",null,"100 ML"]
[null,null,"Others ",{"$f":"E210","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Organics",{"$f":"SUM(D53:D57)","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Utility type","Required","For sales","Required","For sales","Required","For sales","Required","For sales"]
[null,null,"Furfural",{"$f":"E213","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(Q53:Q55)","v":100000},"kg/h",null,null,null,"Ethanol Plant",null,null,null,null,"Summary of external energy requiremens",null,null,null,null,null,null,"Steam - MJ/y",{"$f":"$AB$57*$AI$23*1000000","v":{"$error":"#DIV/0!"}},0,{"$f":"$AB$57*$AK$23*1000000","v":{"$error":"#DIV/0!"}},0,{"$f":"$AB$57*$AM$23*1000000","v":{"$error":"#DIV/0!"}},0,{"$f":"$AB$57*$AO$23*1000000","v":{"$error":"#DIV/0!"}},0]
[null,null,"HMF",{"$f":"E214","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Stream","Inputs - kg/L EtOH","Outputs - kg/L EtOH",null,null,"Steam - MJ/L EtOH",{"$f":"AB30/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Electricity - kWh/y",{"$f":"$AB$58*$AI$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AI$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$58*$AK$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AK$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$58*$AM$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AM$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$58*$AO$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AO$23*1000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Ash",{"$f":"E208","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Biomass (wet)",{"$f":"W26/$P$72","v":{"$error":"#DIV/0!"}},{"$f":"X26/$P$72","v":{"$error":"#DIV/0!"}},null,null,"Electricity - kWh/L EtOH",{"$f":"AB31/$P$72","v":{"$error":"#DIV/0!"}}]
[null,null,"Acid",{"$f":"E216","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,{"$f":"M49-L61-N61-Q56","v":0},null,null,null,null,"Sulfuric Acid",{"$f":"W27/$P$72","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,"Total",{"$f":"SUM(D52:D59)","v":500000},"kg/h",null,null,null,null,null,null,null,null,"water to hydrolysis",null,null,null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Summary of electricity Exports"]
[null,null,null,null,null,null,null,null,null,null,"Rec. Water",{"$f":"D8*C138","v":400000},"kg/h",{"$f":"C227*F217","v":0},"kg/h",null,null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Electricity - kWh/L EtOH",{"$f":"AB34/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Capital Investment"]
[null,null,null,null,null,null,null,null,null,null,null,"Be carefull recovered water to be recycled",null,null,null,null,null,null,null,null,null,"Ammonia",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Base case capacity ","63 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Enzyme",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Capex Cogeneration","USD",null,"Capex Ethanol Plant","USD",null,"Cogeneration Capex factor"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Buildings",{"$f":"32000000*4%*AO64","v":3199999.9999999991},null,"Buildings",{"$f":"32000000*96%","v":30720000},null,{"$f":"Allocator!I23","v":"Simple"},{"$f":"Allocator!J27","v":2.4999999999999991}]
[null,null,null,"Balance check",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Energy produced in cogeneration",null,null,null,null,null,null,"Plant and Equipment",{"$f":"125700000*4%*AO64","v":12569999.999999996},null,"Plant and Equipment",{"$f":"125700000*96%","v":120672000}]
[null,null,"kg/h","Inputs","Outputs","Difference",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"C34+I40+M24+I39","v":600000},{"$f":"Q43+Q45+Q47+Q33+Q56+N61+L61","v":500000},{"$f":"D67-E67","v":100000},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"CO2",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Summary of energy produced in cogeneration",null,null,null,null,null,null,"Total investment costs: Ethanol + Cogeneration systems"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sludge",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Steam - MW/ML/y EtOH",{"$f":"(AC25/3600)/(P72*'Data Entry Needs'!$G$43*24/1000000)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Capacity","5 ML","25 ML","50 ML","100 ML"]
[null,null,"Summary",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W58:W68)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(X58:X68)","v":{"$error":"#DIV/0!"}},null,null,"Electricity - kW/ML/y EtOH",{"$f":"(AC26*3.6*1000/3600)/(P72*'Data Entry Needs'!$G$43*24/1000000)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Buildings - USD",{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(5/63)^0.6,-3)","v":7418000},{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(25/63)^0.6,-3)","v":19482000},{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(50/63)^0.6,-3)","v":29528000},{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(100/63)^0.6,-3)","v":44757000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant and Equipment - USD",{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(5/63)^0.6,-3)","v":29136000},{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(25/63)^0.6,-3)","v":76525000},{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(50/63)^0.6,-3)","v":115990000},{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(100/63)^0.6,-3)","v":175808000}]
[null,null,"Ethanol yield",null,null,null,null,null,"Water requirements",null,null,null,null,null,null,"Liters of ethanol produced",null,null,null,null,null,"Cogeneration Plant",null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI69:AI70)","v":36554000},{"$f":"SUM(AJ69:AJ70)","v":96007000},{"$f":"SUM(AK69:AK70)","v":145518000},{"$f":"SUM(AL69:AL70)","v":220565000}]
[null,null,{"$f":"Q43/D8","v":0},"kg/kg RM (dry basis)",null,null,null,null,{"$f":"(C32+M26-L61-N61)/Q43","v":{"$error":"#DIV/0!"}},"m3/t ethanol",null,null,null,null,null,{"$f":"Q43*1000/(789)","v":0},"L/h",null,null,null,null,"Stream","Inputs - kg/L EtOH","Outputs - kg/L EtOH"]
[null,null,{"$f":"(C72/789)*(1000)*1000","v":0},"L/t RM dry",null,null,null,null,"After recycling water recovered from water treatment",null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",{"$f":"W41/$P$72","v":{"$error":"#DIV/0!"}},{"$f":"X41/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Investment costs: Cogeneration systems"]
[null,null,{"$f":"P72*1000/C30","v":0},"L/t RM wet",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"W42/$P$72","v":{"$error":"#DIV/0!"}},{"$f":"X42/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Capacity","5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Buildings - USD",{"$f":"ROUNDUP((($AI$64))*(5/63)^0.6,-3)","v":700000},{"$f":"ROUNDUP((($AI$64))*(25/63)^0.6,-3)","v":1838000},{"$f":"ROUNDUP((($AI$64))*(50/63)^0.6,-3)","v":2786000},{"$f":"ROUNDUP((($AI$64))*(100/63)^0.6,-3)","v":4223000}]
[null,null,"Lignin Yield",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Air",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Plant and Equipment - USD",{"$f":"ROUNDUP((($AI$65))*(5/63)^0.6,-3)","v":2749000},{"$f":"ROUNDUP((($AI$65))*(25/63)^0.6,-3)","v":7220000},{"$f":"ROUNDUP((($AI$65))*(50/63)^0.6,-3)","v":10943000},{"$f":"ROUNDUP((($AI$65))*(100/63)^0.6,-3)","v":16586000}]
[null,null,{"$f":"Q33/Q43","v":{"$error":"#DIV/0!"}},"kg/kg EtOh",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Flue gas",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI75:AI76)","v":3449000},{"$f":"SUM(AJ75:AJ76)","v":9058000},{"$f":"SUM(AK75:AK76)","v":13729000},{"$f":"SUM(AL75:AL76)","v":20809000}]
[null,null,{"$f":"Q33/D8","v":0},"kg/kg RM (dry basis)",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ash",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Performance cogeneration system"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W73:W79)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(X73:X79)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Capacity","5 ML","25 ML","50 ML","100 ML"]
[null,null,"Energy requirements",null,null,null,null,null,"Energy requirements",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Electricity Capacity (kW)",{"$f":"$AB$69*5","v":{"$error":"#DIV/0!"}},{"$f":"$AB$69*25","v":{"$error":"#DIV/0!"}},{"$f":"$AB$69*50","v":{"$error":"#DIV/0!"}},{"$f":"$AB$69*100","v":{"$error":"#DIV/0!"}}]
[null,null,"Heating",2.08,"MJ/kg RM (dry basis)",null,null,null,"Heating",{"$f":"(D82*D8/Q43)*0.789","v":{"$error":"#DIV/0!"}},"MJ/L Ethanol",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Heat Capacity (MW)",{"$f":"$AB$68*5","v":{"$error":"#DIV/0!"}},{"$f":"$AB$68*25","v":{"$error":"#DIV/0!"}},{"$f":"$AB$68*50","v":{"$error":"#DIV/0!"}},{"$f":"$AB$68*100","v":{"$error":"#DIV/0!"}}]
[null,null,"Cooling",0,"MJ/kg RM (dry basis)",null,null,null,"Cooling",{"$f":"(D83*D8/Q43)*0.789","v":{"$error":"#DIV/0!"}},"MJ/L Ethanol",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant Electricity Demand Supplied",{"$f":"IF(AD26<0,1,1-(AD26/AB26))","v":{"$error":"#DIV/0!"}},{"$f":"$AI$83","v":{"$error":"#DIV/0!"}},{"$f":"$AI$83","v":{"$error":"#DIV/0!"}},{"$f":"$AI$83","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant Heat Demand Supplied",{"$f":"IF(AD25<0,1,1-(AD25/AB25))","v":{"$error":"#DIV/0!"}},{"$f":"$AI$84","v":{"$error":"#DIV/0!"}},{"$f":"$AI$84","v":{"$error":"#DIV/0!"}},{"$f":"$AI$84","v":{"$error":"#DIV/0!"}}]
[null,null,"Electricity",0.2,"kWh/kg RM (dry basis)",null,null,null,"Electricity",{"$f":"(D85*$D$8/$Q$43)","v":{"$error":"#DIV/0!"}},"kWh/kg EtOH",null,"equal to MWh/t ethanol",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Electricity Surplus (% of total produced)",{"$f":"IF(AD26>0,0,(ABS(AD26))/AC26)","v":{"$error":"#DIV/0!"}},{"$f":"$AI$85","v":{"$error":"#DIV/0!"}},{"$f":"$AI$85","v":{"$error":"#DIV/0!"}},{"$f":"$AI$85","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,"Electricity",{"$f":"J85*0.789","v":{"$error":"#DIV/0!"}},"kWh/L"]
[]
[null,null,"Not integrated "]
[]
[]
[null,null,"Cogeneration"]
[null,null,"Turbine Eff",null,{"$f":"Allocator!$I$15","v":0.85}]
[null,null,"Electrical efficiency",null,{"$f":"Allocator!$J$24","v":0.2},null,"Multiplier sensitivity to include organics"]
[null,null,"Thermal Efficiency",null,{"$f":"Allocator!$J$25","v":0.2},null,0,null,null,null,null,null,"Heating value Steam"]
[null,null,null,null,{"$f":"(E94-E93)/(1-(E93/E92))","v":0},null,null,null,null,null,null,null,{"$f":"2.2026","v":2.2025999999999999},"MJ/kg"]
[null,null,null,null,null,null,"Lignin composition - free of Ash"]
[null,null,"Low heating values (LHV) - Moisture 0%",null,null,null,null,"kg/h","mass fraction","Heating Value",null,"MJ/h"]
[null,null,"Cellulose",17,"MJ/kg",null,"Cellulose",{"$f":"Q29","v":0},{"$f":"H98/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I98*D98","v":{"$error":"#DIV/0!"}},null,{"$f":"H98*D98","v":0}]
[null,null,"Hemicellulose",16,"MJ/kg",null,"Hemicellulose",{"$f":"Q30","v":0},{"$f":"H99/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I99*D99","v":{"$error":"#DIV/0!"}},null,{"$f":"H99*D99","v":0},null,null,"Air",{"$f":"2*H103","v":0},"kg/h"]
[null,null,"Lignin",25,"MJ/kg",null,"Lignin",{"$f":"Q31","v":0},{"$f":"H100/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I100*D100","v":{"$error":"#DIV/0!"}},null,{"$f":"H100*D100","v":0}]
[null,null,"Cell Biomass",16,"MJ/kg",null,"Cell Biomass",{"$f":"Q45","v":0},{"$f":"H101/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I101*D101","v":{"$error":"#DIV/0!"}},null,{"$f":"H101*D101","v":0},null,null,"Flue gas",{"$f":"P99+H103","v":0},"kg/h"]
[null,null,"Organics",17,"MJ/kg",null,"Organics",{"$f":"Q55*G94","v":0},{"$f":"H102/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I102*D102","v":{"$error":"#DIV/0!"}},null,{"$f":"H102*D102","v":0}]
[null,null,null,null,null,null,"Total",{"$f":"SUM(H98:H102)","v":0},{"$f":"SUM(I98:I102)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(J98:J102)","v":{"$error":"#DIV/0!"}},"MJ/kg"]
[null,null,null,null,null,null,null,null,null,{"$f":"J103*(H98+H99+H100+H101+H102)","v":{"$error":"#DIV/0!"}},"MJ/h",{"$f":"SUM(L98:L102)","v":0}]
[]
[]
[null,null,"Electricty produced",null,null,null,null,null,"Electricity produced",{"$f":"(C108/D8/3.6)","v":{"$error":"#DIV/0!"}},"kWh/kg RM (dry basis)"]
[null,null,{"$f":"E94*J104 -C111","v":{"$error":"#DIV/0!"}},"MJ/h",null,null,null,null,"Produced"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Steam produced",{"$f":"C111/M95","v":{"$error":"#DIV/0!"}},"kg/h"]
[null,null,"Steam produced",null,null,null,null,null,"Steam produced",{"$f":"(C111/D8)","v":{"$error":"#DIV/0!"}},"MJ/kg RM (dry basis)"]
[null,null,{"$f":"J104*E95","v":{"$error":"#DIV/0!"}},"MJ/h",null,null,null,null,"Produced"]
[]
[]
[null,null,null,"Mass balance cogeneration Unit"]
[]
[null,null,null,null,null,null,null,"Input kg/h",null,null,"ouput kg/h"]
[null,null,null,null,null,null,"Solids",{"$f":"H103+Q32","v":0},null,"Flue gas",{"$f":"P101","v":0}]
[null,null,null,null,null,null,"Water",{"$f":"P109","v":{"$error":"#DIV/0!"}},null,"Steam",{"$f":"P109","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,"Air",{"$f":"P99","v":0},null,"Ash",{"$f":"Q32","v":0}]
[null,null,null,null,null,null,"Total",{"$f":"SUM(H117:H119)","v":{"$error":"#DIV/0!"}},null,"Total",{"$f":"SUM(K117:K119)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,null,null,null,null,{"$f":"H120-K120","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,"Relations and calculations"]
[null,null,null,null,null,null,null,null,"Acid concetration"]
[null,null,"Sulfuric acid - before pretreatment",null,null,null,null,null,0.5,"% (w/v)",{"$f":"(I133/100)","v":5.0000000000000001E-3},"kg/L solución",null,0.02,"kg/kg solucion"]
[null,null,0,"kg/kg biomass (dry)",null,null,null,null,null,null,null,null,"mass frac"]
[null,null,"pure sulfuric acid, valid for all biomasses",null,null,null,null,null,null,null,"Acido sulfurico",{"$f":"K133*1000","v":5},{"$f":"L135/L137","v":5.0000000000000001E-3}]
[null,null,null,null,null,null,null,null,null,null,"Agua",{"$f":"1000-L135","v":995},{"$f":"L136/L137","v":0.995}]
[null,null,"Water for biomass dilution prior pretreatment",null,null,null,null,null,null,null,"Solucion ",1000]
[null,null,4,"kg water/kg biomass",null,null,null,"liquid/solid ratio"]
[null,null,null,null,null,null,null,5]
[null,null,"Steam for pretreatmet "]
[null,null,1,"kg steam/kg dry biomass"]
[null,null,"Steam at 180 ºC"]
[]
[null,null,"Pretreatment conversions and reactions"]
[]
[null,null,"reactions",null,null,null,null,null,"Conversion ",null,null,"Compounds","MW"]
[null,null,"reaction 1","CELLULOS(CIPSD)   -->  CELLULOS(MIXED)",null,null,null,null,1.6E-2,null,null,"Cellulose",162.14241999999999]
[null,null,"reaction 2","HEMICELL(CIPSD)   -->  HEMICELL(MIXED)",null,null,null,null,0.75,null,null,"Hemicellulose",132.11612]
[null,null,"reaction 3","LIGNIN(CIPSD)   -->  LIGNIN(MIXED)",null,null,null,null,0,null,null,"Lignin",122.49299999999999]
[null,null,"reaction 4","Extractives (CIPSD)   -->  Extractives(MIXED)",null,null,null,null,1,null,null,"Extractives",282.46676000000002]
[null,null,"reaction 5","Others(CIPSD)   -->  Others(MIXED)",null,null,null,null,1,null,null,"Others",170.12]
[null,null,"reaction 6","CELLULOS(MIXED)  + WATER(MIXED)   -->  GLUCOSE(MIXED)",null,null,null,null,1,null,null,"Glucose",180.15768]
[null,null,"reaction 7","Galactan(CIPSD)   -->  Galactan(MIXED)",null,null,null,null,{"$f":"I148","v":0.75},null,null,"Galactan",162.14241999999999]
[null,null,"reaction 8","Galactan(MIXED)  + WATER(MIXED)   -->  GLUCOSE(MIXED)",null,null,null,null,1,null,null,"Xylose",150.13140000000001]
[null,null,"reaction 9","HEMICELL(MIXED)  + WATER(MIXED)   -->  XYLOSE(MIXED)",null,null,null,null,1,null,null,"Furfural",96.085560000000001]
[null,null,"reaction 10","XYLOSE(MIXED)   -->  FURFURAL(MIXED) + 3 WATER(MIXED)",null,null,null,null,0.14000000000000001,null,null,"HMF",126.11]
[null,null,"reaction 11","GLUCOSE(MIXED)   -->  3 WATER(MIXED) + HMF(MIXED)",null,null,null,null,0.05,null,null,"Water",18.015280000000001]
[null,null,"reaction 12","Ash (non-soluble) --> Ash (soluble)",null,null,null,null,0.5]
[]
[null,null,null,"Molar balances each reaction"]
[null,null,null,"Reaction 1",null,null,null,null,null,null,null,"Reaction 7"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Cellulose -Solid",null,"Cellulose mixed",null,null,null,null,null,"GALACTAN -Solid",null,"Galactan mixed"]
[null,null,"kg/h",{"$f":"D8*D11*I147","v":0},null,{"$f":"D164","v":0},null,null,null,null,"kg/h",0,null,{"$f":"L164","v":0}]
[null,null,"kmol/h",{"$f":"D164/M147","v":0},null,{"$f":"F164/M147","v":0},null,null,null,null,"kmol/h",{"$f":"L164/M153","v":0},null,{"$f":"N164/M153","v":0}]
[]
[]
[null,null,null,"Reaction 2",null,null,null,null,null,null,null,"Reaction 8"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Hemicell -Solid",null,"Hemice mixed",null,null,null,null,null,"Galactan","water","glucose"]
[null,null,"kg/h",{"$f":"$D$8*D12*I148","v":0},null,{"$f":"D171","v":0},null,null,null,null,"kg/h",{"$f":"L172*M153","v":0},{"$f":"M172*M157","v":0},{"$f":"N172*M152","v":0}]
[null,null,"kmol/h",{"$f":"D171/M148","v":0},null,{"$f":"F171/M148","v":0},null,null,null,null,"kmol/h",{"$f":"N165*I154","v":0},{"$f":"L172","v":0},{"$f":"L172","v":0}]
[]
[]
[null,null,null,"Reaction 3",null,null,null,null,null,null,null,"Reaction 9"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Lignin -Solid",null,"Lignin mixed",null,null,null,null,null,"Hemicellulose","Water","Xylose"]
[null,null,"kg/h",{"$f":"$D$8*D13*I149","v":0},null,{"$f":"D178","v":0},null,null,null,null,"kg/h",{"$f":"L179*M148","v":0},{"$f":"M179*M157","v":0},{"$f":"N179*M154","v":0}]
[null,null,"kmol/h",{"$f":"D178/M149","v":0},null,{"$f":"F178/M149","v":0},null,null,null,null,"kmol/h",{"$f":"F172*I155","v":0},{"$f":"L179","v":0},{"$f":"L179","v":0}]
[]
[]
[null,null,null,"Reaction 4",null,null,null,null,null,null,null,"Reaction 10"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Extractives -Solid",null,"Extractives mixed",null,null,null,null,null,"Xylose",null,"Furfural","Water"]
[null,null,"kg/h",{"$f":"$D$8*D15*I150","v":0},null,{"$f":"D185","v":0},null,null,null,null,"kg/h",{"$f":"L186*M154","v":0},null,{"$f":"N186*M155","v":0},{"$f":"O186*M157","v":0}]
[null,null,"kmol/h",{"$f":"D185/M150","v":0},null,{"$f":"F185/M150","v":0},null,null,null,null,"kmol/h",{"$f":"N179*I156","v":0},null,{"$f":"L186","v":0},{"$f":"3*L186","v":0}]
[]
[]
[null,null,null,"Reaction 5",null,null,null,null,null,null,null,"Reaction 11"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Others -Solid",null,"Others mixed",null,null,null,null,null,"Glucose",null,"Water","HMF"]
[null,null,"kg/h",{"$f":"$D$8*D16*I151","v":0},null,{"$f":"D192","v":0},null,null,null,null,"kg/h",{"$f":"L193*M152","v":0},null,{"$f":"N193*M157","v":0},{"$f":"O193*M156","v":0}]
[null,null,"kmol/h",{"$f":"D192/M151","v":0},null,{"$f":"F192/M151","v":0},null,null,null,null,"kmol/h",{"$f":"(F200+N172)*I157","v":0},null,{"$f":"3*L193","v":0},{"$f":"L193","v":0}]
[]
[]
[null,null,null,"Reaction 6",null,null,null,null,null,null,null,"Reaction 12"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Cellulose mixed","Water","Glucose",null,null,null,null,null,"Ash solid",null,"Ash solube"]
[null,null,"kg/h",{"$f":"D200*M147","v":0},{"$f":"E200*M157","v":0},{"$f":"F200*M152","v":0},null,null,null,null,"kg/h",{"$f":"$D$8*D14*I158","v":0},null,{"$f":"L199","v":0}]
[null,null,"kmol/h",{"$f":"F165*I152","v":0},{"$f":"D200","v":0},{"$f":"D200","v":0},null,null,null,null,"kmol/h"]
[]
[]
[null,null,null,null,null,"kg/h"]
[null,null,null,"Input","Liquid","Solid"]
[null,null,"Cellulose",{"$f":"$D$8*D11","v":0},0,{"$f":"D205-D164","v":0}]
[null,null,"Xylan",0,0,{"$f":"D206-D171","v":0}]
[null,null,"Lignin",0,{"$f":"F178","v":0},{"$f":"D207-E207","v":0}]
[null,null,"Ash",0,{"$f":"N199","v":0},{"$f":"D208-E208","v":0}]
[null,null,"Extractives",0,{"$f":"F185","v":0},{"$f":"D209-E209","v":0}]
[null,null,"Others ",0,{"$f":"F192","v":0},{"$f":"D210-E210","v":0}]
[null,null,"Glucose",0,{"$f":"F199-L192","v":0},0]
[null,null,"Xylose",0,{"$f":"N178-L185","v":0},0]
[null,null,"Furfural",0,{"$f":"N185","v":0},0]
[null,null,"HMF",0,{"$f":"O192","v":0},0]
[null,null,"Water",{"$f":"(C30-D8)+C32+C33","v":500000},{"$f":"D215-E199-M171-M178+O185+N192","v":500000},0]
[null,null,"Sulfuric acid",{"$f":"C31","v":0},{"$f":"D216","v":0},0]
[null,null,"Total",{"$f":"SUM(D205:D216)","v":500000},{"$f":"SUM(E205:E216)","v":500000},{"$f":"SUM(F205:F216)","v":0}]
[]
[null,null,null,{"$f":"D217-E217-F217","v":0}]
[]
[null,null,"Enzymatic hydrolysis"]
[]
[null,null,"Enzyme dosage"]
[null,null,0.05,"kg enzyme/kg solid at entrance hydrolysis reactor",null,null,null,"Based on Novozymes Recommendations",null,null,null,"http://bioenergy.novozymes.com/en/cellulosic-ethanol/CellicCTec3/Documents/AS_2010-01668-03.pdf"]
[]
[null,null,"Water for dilution enzy,atic hydrolysis"]
[null,null,2.66,"kg water/kg solid"]
[]
[null,null,null,null,null,null,null,null,"Conversion"]
[null,null,"reaction","CELLULOSE + WATER(MIXED)   -->  GLUCOSE(MIXED)",null,null,null,null,0.82]
[]
[null,null,null,"Reaction 6"]
[null,null,null,"Reactants",null,"Products"]
[null,null,null,"Cellulose mixed","Water","Glucose"]
[null,null,"kg/h",{"$f":"F205*I230","v":0},{"$f":"E236*M157","v":0},{"$f":"F236*M152","v":0}]
[null,null,"kmol/h",{"$f":"D235/M147","v":0},{"$f":"D236","v":0},{"$f":"D236","v":0}]
[]
[]
[null,null,null,"Input","Liquid","Lignin"]
[null,null,"Cellulose",{"$f":"F205","v":0},0,{"$f":"D240-D235","v":0}]
[null,null,"Xylan",{"$f":"F206","v":0},0,{"$f":"D241","v":0}]
[null,null,"Galactan",{"$f":"L164","v":0},0,{"$f":"D242","v":0}]
[null,null,"Lignin",{"$f":"F207","v":0},0,{"$f":"D243","v":0}]
[null,null,"Ash",{"$f":"F208","v":0},0,{"$f":"D244","v":0}]
[null,null,"Enzyme",{"$f":"M25","v":0},0,0]
[null,null,"Water",{"$f":"M26","v":0},{"$f":"D246-E235+D245","v":0},0]
[null,null,"Glucose",0,{"$f":"F235","v":0},0]
[null,null,"Total",{"$f":"SUM(D240:D247)","v":0},{"$f":"SUM(E240:E247)","v":0},{"$f":"SUM(F240:F247)","v":0}]
[]
[null,null,null,"Difference"]
[null,null,null,{"$f":"D248-E248-F248","v":0}]
[]
[null,null,"Fermentation"]
[]
[null,null,"Ammonia",{"$f":"340/42688/0.25","v":3.1859070464767617E-2},"kg Ammonia/kg sugars ferm",null,null,"ammonia @ 25%"]
[]
[]
[]
[]
[null,null,null,"Assuming 80% of theoretical yields for ethanol (based on average values of different publications"]
[null,null,"from Xylose",{"$f":"0.51*80%","v":0.40800000000000003},null,"CO2",0.48857434667732408,"kg/kg xylose",null,null,"Biomass yield",null,null,"CO2 from biomass"]
[null,null,"from Glucose",{"$f":"0.51*80%","v":0.40800000000000003},null,"CO2",0.48857434667732408,"kg/kg glucose",null,null,0.13,"g biomass/ g Etanol",null,0.92300538794167575,"g CO2/g biomass"]
[]
[]
[null,null,"For fermentation  -  kg/h",null,null,null,{"$f":"0.8*0.51","v":0.40800000000000003}]
[null,null,null,"Input","Output"]
[null,null,"Glucose",{"$f":"F38+M39","v":0},{"$f":"0","v":0}]
[null,null,"Xylose",{"$f":"F39","v":0},0,null,null,null,{"$f":"9*1000/5000000","v":1.8E-3},"kg/L"]
[null,null,"Biomass",{"$f":"I272","v":0},{"$f":"D272-SUM(E267:E268,E270:E271)","v":0},null,{"$f":"E269+I272","v":0},null,"Biomass required feed"]
[null,null,"Ethanol",0,{"$f":"D262*D267 + D261*D268","v":0},null,null,null,{"$f":"I268/0.789","v":2.2813688212927753E-3},"kg/kg Ethanol"]
[null,null,"CO2",0,{"$f":"1.1*E270","v":0}]
[null,null,"Total",{"$f":"SUM(D267:D271)","v":0},{"$f":"SUM(E267:E271)","v":0},null,null,null,{"$f":"I270*E270","v":0},"kg/h"]
[]
[]
[null,null,null,null,{"$f":"D272-E272","v":0}]

{"sheet":"B_SE_FS2","index":96,"n_rows":275,"n_cols":42,"rows_kept":275,"cut":false,"hidden":true,"merged":[]}
[]
[null,null,"Calculations of Mass and Energy Balances - Steam Explosion"]
[]
[]
[null,"Feedstock",{"$f":"+'Data Entry Needs'!$F$11","v":" "},"Operating h per year",null,{"$f":"+'Data Entry Needs'!$G$43*24","v":0},"h/year"]
[]
[null,null,"Biomass Flowrate - dry basis - Caculus base"]
["`",null,null,100000,"kg/h"]
[]
[null,null,"Biomass composition - dry basis "]
[null,2,"Cellulose",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B11,FALSE),0)","v":0},"wt"]
[null,3,"Hemicellulose",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B12,FALSE),0)","v":0},"wt"]
[null,4,"Lignin",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B13,FALSE),0)","v":0},"wt"]
[null,5,"Ash",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B14,FALSE),0)","v":0},"wt"]
[null,6,"Extractives",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B15,FALSE),0)","v":0},"wt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Multiplier cogeneration"]
[null,7,"Others ",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B16,FALSE),0)","v":0},"wt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Allocator!I18","v":1}]
[null,null,"Total",{"$f":"SUM(D11:D16)","v":0}]
[]
[null,null,"Moisture content"]
[null,10,null,{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$39,$B20,FALSE),0)","v":0},"wt"]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Summary of mass balances for base capacity",null,null,null,null,"Summary of energy balances for base capacity",null,null,null,null,null,null,"Mass balances at selected capacities"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Balance including cogeneration unit",null,null,null,null,null,null,"Capacities - ML/y",5,null,25,null,50,null,100]
[null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(M25:M26)","v":0},"kg/h",null,null,null,null,null,null,null,"Ethanol Plant",null,null,null,null,"Utility type","Required","Produced","Net Energy"]
[null,null,null,null,null,null,null,null,null,null,null,"Enzyme",{"$f":"C224*F217","v":0},"kg/h",null,null,null,null,null,null,null,"Stream","Inputs - kg/h","Outputs - kg/h",null,null,"Steam - MJ/h",{"$f":"D82*D8 + W29*2.2026","v":428260},{"$f":"J110*D8*AA16","v":{"$error":"#DIV/0!"}},{"$f":"AB25-AC25","v":{"$error":"#DIV/0!"}},null,null,null,"Ethanol Plant"]
[null,null,null,null,null,null,null,null,null,null,null,"Water",{"$f":"C227*F217","v":0},"kg/h",null,null,null,null,null,null,null,"Biomass",{"$f":"C30","v":100000},0,null,null,"Electricity - kWh/h",{"$f":"D85*D8","v":20000},{"$f":"J107*D8*AA16","v":{"$error":"#DIV/0!"}},{"$f":"(AB26-AC26)","v":{"$error":"#DIV/0!"}},null,null,null,"Capacity","5 ML",null,"25 ML",null,"50 ML",null,"100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sulfuric Acid",{"$f":"C31","v":0},0,null,null,"Be carefull, steam for pretreatment included as utility",null,null,null,null,null,null,"Stream","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",null,null,null,null,null,"Water",{"$f":"C32+M26-L61-N61","v":0},0,null,null,null,null,null,null,null,null,null,"Biomass",{"$f":"W58*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X58*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W58*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X58*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W58*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X58*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W58*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X58*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,"Cellulose",{"$f":"F205","v":0},"kg/h",null,null,null,null,"Cellulose",{"$f":"F240","v":0},"kg/h",null,null,null,"Steam",{"$f":"C33","v":100000},0,null,null,"Summary of external energy requiremens",null,null,null,null,null,null,"Sulfuric Acid",{"$f":"W59*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W59*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W59*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W59*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,"Biomass (wet)",{"$f":"(D8/((1-D20)/1))","v":100000},"kg/h",null,null,null,null,"Xylan",{"$f":"F206","v":0},"kg/h",null,null,null,null,"Hemicellulose",{"$f":"F241","v":0},"kg/h",null,null,null,"Ammonia",{"$f":"I40","v":0},0,null,null,"Steam - MJ/h",{"$f":"IF(AD25<0,0,AD25)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Sulfuric Acid",{"$f":"D8*C134","v":0},"kg/h",null,null,null,null,"Lignin",{"$f":"F207","v":0},"kg/h",null,null,null,null,"Lignin",{"$f":"F243","v":0},"kg/h",null,null,null,"Enzyme",{"$f":"M25","v":0},0,null,null,"Electricity - kWh/h",{"$f":"IF(AD26<0,0,AD26)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Water",{"$f":"D8*C138","v":400000},"kg/h",null,null,null,null,"Ash",{"$f":"F208","v":0},"kg/h",null,null,null,null,"Ash",{"$f":"F244","v":0},"kg/h",null,null,null,"Yeast",{"$f":"I39","v":0},{"$f":"Q45","v":0},null,null,null,null,null,null,null,null,null,"Ammonia",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Steam",{"$f":"D8*C141","v":100000},"kg/h",null,null,null,null,"Total",{"$f":"SUM(J29:J32)","v":0},"kg/h",null,null,null,null,"Total",{"$f":"SUM(Q29:Q32)","v":0},"kg/h",null,null,null,"Lignin",0,{"$f":"Q33","v":0},null,null,"Summary of electricity Exports",null,null,null,null,null,null,"Enzyme",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total",{"$f":"SUM(C30:C33)","v":600000},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",0,{"$f":"Q43","v":0},null,null,"Electricity - kWh/h",{"$f":"IF(AD26<0,-AD26,0)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Yeast",{"$error":"#DIV/0!"},null,{"$error":"#DIV/0!"},null,{"$error":"#DIV/0!"},null,{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"CO2",0,{"$f":"Q47","v":0},null,null,null,null,null,null,null,null,null,"Lignin",{"$error":"#DIV/0!"},{"$f":"(X65*$AI$23*1000000/(1000*1000)) +(X64*$AI$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"(X65*$AK$23*1000000/(1000*1000)) +(X64*$AK$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"(X65*$AM$23*1000000/(1000*1000)) +(X64*$AM$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"(X65*$AO$23*1000000/(1000*1000)) +(X64*$AO$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}}]
[null,"Note: steam @ 10 bar",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sludge",0,{"$f":"Q56","v":100000},null,null,null,null,null,null,null,null,null,"Ethanol",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Water",{"$f":"E215","v":500000},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W26:W36)","v":200000},{"$f":"SUM(X26:X36)","v":100000},null,null,null,null,null,null,null,null,null,"CO2",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Glucose",{"$f":"E211","v":0},"kg/h",null,null,null,null,"Water",{"$f":"E246","v":0},"kg/h",null,{"$f":"J33+M24-Q33-M40","v":0},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sludge",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Xylose",{"$f":"E212","v":0},"kg/h","Biomass",{"$f":"D269","v":0},"kg/h",null,"Glucose",{"$f":"E247","v":0},"kg/h",null,null,null,null,null,null,null,"Cogeneration Plant",null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI28:AI38)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AJ28:AJ38)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Others",{"$f":"E209+E213+E214+E216+E208+E210","v":0},"kg/h","Ammonia",{"$f":"D255*(F38+F39+M39)","v":0},"kg/h",null,"Total",{"$f":"SUM(M38:M39)","v":0},"kg/h",null,null,null,null,null,null,null,"Stream","Inputs - kg/h","Outputs - kg/h",null,null,null,null,null,null,null,null,null,"Cogeneration Plant"]
[null,null,null,null,"Total",{"$f":"SUM(F37:F40)","v":500000},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",{"$f":"X33","v":0},0,null,null,null,null,null,null,null,null,null,"Capacity","5 ML",null,"25 ML",null,"50 ML",null,"100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"X32","v":0},0,null,null,null,null,null,null,null,null,null,"Stream","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",{"$f":"E270","v":0},"kg/h",null,null,null,"Water",{"$f":"H118","v":{"$error":"#DIV/0!"}},0,null,null,null,null,null,null,null,null,null,"Lignin",{"$f":"W73*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W73*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W73*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W73*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Air",{"$f":"H119","v":0},0,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"W74*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W74*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W74*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W74*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"E269","v":0},"kg/h",null,null,null,"Flue gas",0,{"$f":"K117","v":0},null,null,null,null,null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"C34-F41-J33","v":100000},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Steam",0,{"$f":"K118","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Air",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,{"$f":"F41+I39+I40+M40-Q43-Q45-Q47-M49","v":0},null,null,null,null,null,null,"CO2",{"$f":"E271","v":0},"kg/h",null,null,null,"Ash",0,{"$f":"K119","v":0},null,null,null,null,null,null,null,null,null,"Flue gas",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W41:W47)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(X41:X47)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,"Stillage",{"$f":"M38+F37+F40+I40","v":500000},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ash",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI43:AI49)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AJ43:AJ49)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,"Stillage composition after fermentation"]
[null,null,"Water",{"$f":"F37+M38","v":500000},"kg/h",null,null,null,null,null,null,null,null,null,null,"Sludge",null,null,"waste",null,null,"Normalized Mass and Energy Balances - Balances used for any capacity",null,null,null,null,null,null,null,null,null,null,null,"Energy balances at selected capacities"]
[null,null,"Ammonia",{"$f":"I40","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Water",{"$f":"D52-L61-N61","v":100000},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Balances including both ethanol and cogeneration plants"]
[null,null,"Extractives",{"$f":"E209","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Others",{"$f":"D58+D59","v":0},"kg/h",null,null,null,"Mass Balances",null,null,null,null,"Energy Requirements",null,null,null,null,null,null,"Capacity","5 ML",null,"25 ML",null,"50 ML",null,"100 ML"]
[null,null,"Others ",{"$f":"E210","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Organics",{"$f":"SUM(D53:D57)","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Utility type","Required","For sales","Required","For sales","Required","For sales","Required","For sales"]
[null,null,"Furfural",{"$f":"E213","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(Q53:Q55)","v":100000},"kg/h",null,null,null,"Ethanol Plant",null,null,null,null,"Summary of external energy requiremens",null,null,null,null,null,null,"Steam - MJ/y",{"$f":"$AB$57*$AI$23*1000000","v":{"$error":"#DIV/0!"}},0,{"$f":"$AB$57*$AK$23*1000000","v":{"$error":"#DIV/0!"}},0,{"$f":"$AB$57*$AM$23*1000000","v":{"$error":"#DIV/0!"}},0,{"$f":"$AB$57*$AO$23*1000000","v":{"$error":"#DIV/0!"}},0]
[null,null,"HMF",{"$f":"E214","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Stream","Inputs - kg/L EtOH","Outputs - kg/L EtOH",null,null,"Steam - MJ/L EtOH",{"$f":"AB30/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Electricity - kWh/y",{"$f":"$AB$58*$AI$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AI$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$58*$AK$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AK$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$58*$AM$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AM$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$58*$AO$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AO$23*1000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Ash",{"$f":"E208","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Biomass (wet)",{"$f":"W26/$P$72","v":{"$error":"#DIV/0!"}},{"$f":"X26/$P$72","v":{"$error":"#DIV/0!"}},null,null,"Electricity - kWh/L EtOH",{"$f":"AB31/$P$72","v":{"$error":"#DIV/0!"}}]
[null,null,"Acid",{"$f":"E216","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,{"$f":"M49-L61-N61-Q56","v":0},null,null,null,null,"Sulfuric Acid",{"$f":"W27/$P$72","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,"Total",{"$f":"SUM(D52:D59)","v":500000},"kg/h",null,null,null,null,null,null,null,null,"water to hydrolysis",null,null,null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Summary of electricity Exports"]
[null,null,null,null,null,null,null,null,null,null,"Rec. Water",{"$f":"D8*C138","v":400000},"kg/h",{"$f":"C227*F217","v":0},"kg/h",null,null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Electricity - kWh/L EtOH",{"$f":"AB34/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Capital Investment"]
[null,null,null,null,null,null,null,null,null,null,null,"Be carefull recovered water to be recycled",null,null,null,null,null,null,null,null,null,"Ammonia",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Base case capacity ","63 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Enzyme",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Capex Cogeneration","USD",null,"Capex Ethanol Plant","USD",null,"Cogeneration Capex factor"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Buildings",{"$f":"32000000*4%*AO64","v":3199999.9999999991},null,"Buildings",{"$f":"32000000*96%","v":30720000},null,{"$f":"Allocator!I23","v":"Simple"},{"$f":"Allocator!J27","v":2.4999999999999991}]
[null,null,null,"Balance check",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Energy produced in cogeneration",null,null,null,null,null,null,"Plant and Equipment",{"$f":"125700000*4%*AO64","v":12569999.999999996},null,"Plant and Equipment",{"$f":"125700000*96%","v":120672000}]
[null,null,"kg/h","Inputs","Outputs","Difference",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"C34+I40+M24+I39","v":600000},{"$f":"Q43+Q45+Q47+Q33+Q56+N61+L61","v":500000},{"$f":"D67-E67","v":100000},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"CO2",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Summary of energy produced in cogeneration",null,null,null,null,null,null,"Total investment costs: Ethanol + Cogeneration systems"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sludge",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Steam - MW/ML/y EtOH",{"$f":"(AC25/3600)/(P72*'Data Entry Needs'!$G$43*24/1000000)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Capacity","5 ML","25 ML","50 ML","100 ML"]
[null,null,"Summary",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W58:W68)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(X58:X68)","v":{"$error":"#DIV/0!"}},null,null,"Electricity - kW/ML/y EtOH",{"$f":"(AC26*3.6*1000/3600)/(P72*'Data Entry Needs'!$G$43*24/1000000)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Buildings - USD",{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(5/63)^0.6,-3)","v":7418000},{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(25/63)^0.6,-3)","v":19482000},{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(50/63)^0.6,-3)","v":29528000},{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(100/63)^0.6,-3)","v":44757000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant and Equipment - USD",{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(5/63)^0.6,-3)","v":29136000},{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(25/63)^0.6,-3)","v":76525000},{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(50/63)^0.6,-3)","v":115990000},{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(100/63)^0.6,-3)","v":175808000}]
[null,null,"Ethanol yield",null,null,null,null,null,"Water requirements",null,null,null,null,null,null,"Liters of ethanol produced",null,null,null,null,null,"Cogeneration Plant",null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI69:AI70)","v":36554000},{"$f":"SUM(AJ69:AJ70)","v":96007000},{"$f":"SUM(AK69:AK70)","v":145518000},{"$f":"SUM(AL69:AL70)","v":220565000}]
[null,null,{"$f":"Q43/D8","v":0},"kg/kg RM (dry basis)",null,null,null,null,{"$f":"(C32+M26-L61-N61)/Q43","v":{"$error":"#DIV/0!"}},"m3/t ethanol",null,null,null,null,null,{"$f":"Q43*1000/(789)","v":0},"L/h",null,null,null,null,"Stream","Inputs - kg/L EtOH","Outputs - kg/L EtOH"]
[null,null,{"$f":"(C72/789)*(1000)*1000","v":0},"L/t RM dry",null,null,null,null,"After recycling water recovered from water treatment",null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",{"$f":"W41/$P$72","v":{"$error":"#DIV/0!"}},{"$f":"X41/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Investment costs: Cogeneration systems"]
[null,null,{"$f":"P72*1000/C30","v":0},"L/t RM wet",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"W42/$P$72","v":{"$error":"#DIV/0!"}},{"$f":"X42/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Capacity","5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Buildings - USD",{"$f":"ROUNDUP((($AI$64))*(5/63)^0.6,-3)","v":700000},{"$f":"ROUNDUP((($AI$64))*(25/63)^0.6,-3)","v":1838000},{"$f":"ROUNDUP((($AI$64))*(50/63)^0.6,-3)","v":2786000},{"$f":"ROUNDUP((($AI$64))*(100/63)^0.6,-3)","v":4223000}]
[null,null,"Lignin Yield",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Air",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Plant and Equipment - USD",{"$f":"ROUNDUP((($AI$65))*(5/63)^0.6,-3)","v":2749000},{"$f":"ROUNDUP((($AI$65))*(25/63)^0.6,-3)","v":7220000},{"$f":"ROUNDUP((($AI$65))*(50/63)^0.6,-3)","v":10943000},{"$f":"ROUNDUP((($AI$65))*(100/63)^0.6,-3)","v":16586000}]
[null,null,{"$f":"Q33/Q43","v":{"$error":"#DIV/0!"}},"kg/kg EtOh",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Flue gas",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI75:AI76)","v":3449000},{"$f":"SUM(AJ75:AJ76)","v":9058000},{"$f":"SUM(AK75:AK76)","v":13729000},{"$f":"SUM(AL75:AL76)","v":20809000}]
[null,null,{"$f":"Q33/D8","v":0},"kg/kg RM (dry basis)",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ash",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Performance cogeneration system"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W73:W79)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(X73:X79)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Capacity","5 ML","25 ML","50 ML","100 ML"]
[null,null,"Energy requirements",null,null,null,null,null,"Energy requirements",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Electricity Capacity (kW)",{"$f":"$AB$69*5","v":{"$error":"#DIV/0!"}},{"$f":"$AB$69*25","v":{"$error":"#DIV/0!"}},{"$f":"$AB$69*50","v":{"$error":"#DIV/0!"}},{"$f":"$AB$69*100","v":{"$error":"#DIV/0!"}}]
[null,null,"Heating",2.08,"MJ/kg RM (dry basis)",null,null,null,"Heating",{"$f":"(D82*D8/Q43)*0.789","v":{"$error":"#DIV/0!"}},"MJ/L Ethanol",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Heat Capacity (MW)",{"$f":"$AB$68*5","v":{"$error":"#DIV/0!"}},{"$f":"$AB$68*25","v":{"$error":"#DIV/0!"}},{"$f":"$AB$68*50","v":{"$error":"#DIV/0!"}},{"$f":"$AB$68*100","v":{"$error":"#DIV/0!"}}]
[null,null,"Cooling",0,"MJ/kg RM (dry basis)",null,null,null,"Cooling",{"$f":"(D83*D8/Q43)*0.789","v":{"$error":"#DIV/0!"}},"MJ/L Ethanol",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant Electricity Demand Supplied",{"$f":"IF(AD26<0,1,1-(AD26/AB26))","v":{"$error":"#DIV/0!"}},{"$f":"$AI$83","v":{"$error":"#DIV/0!"}},{"$f":"$AI$83","v":{"$error":"#DIV/0!"}},{"$f":"$AI$83","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant Heat Demand Supplied",{"$f":"IF(AD25<0,1,1-(AD25/AB25))","v":{"$error":"#DIV/0!"}},{"$f":"$AI$84","v":{"$error":"#DIV/0!"}},{"$f":"$AI$84","v":{"$error":"#DIV/0!"}},{"$f":"$AI$84","v":{"$error":"#DIV/0!"}}]
[null,null,"Electricity",0.2,"kWh/kg RM (dry basis)",null,null,null,"Electricity",{"$f":"(D85*$D$8/$Q$43)","v":{"$error":"#DIV/0!"}},"kWh/kg EtOH",null,"equal to MWh/t ethanol",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Electricity Surplus (% of total produced)",{"$f":"IF(AD26>0,0,(ABS(AD26))/AC26)","v":{"$error":"#DIV/0!"}},{"$f":"$AI$85","v":{"$error":"#DIV/0!"}},{"$f":"$AI$85","v":{"$error":"#DIV/0!"}},{"$f":"$AI$85","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,"Electricity",{"$f":"J85*0.789","v":{"$error":"#DIV/0!"}},"kWh/L"]
[]
[null,null,"Not integrated "]
[]
[]
[null,null,"Cogeneration"]
[null,null,"Turbine Eff",null,{"$f":"Allocator!$I$15","v":0.85}]
[null,null,"Electrical efficiency",null,{"$f":"Allocator!$J$24","v":0.2},null,"Multiplier sensitivity to include organics"]
[null,null,"Thermal Efficiency",null,{"$f":"Allocator!$J$25","v":0.2},null,0,null,null,null,null,null,"Heating value Steam"]
[null,null,null,null,{"$f":"(E94-E93)/(1-(E93/E92))","v":0},null,null,null,null,null,null,null,{"$f":"2.2026","v":2.2025999999999999},"MJ/kg"]
[null,null,null,null,null,null,"Lignin composition - free of Ash"]
[null,null,"Low heating values (LHV) - Moisture 0%",null,null,null,null,"kg/h","mass fraction","Heating Value",null,"MJ/h"]
[null,null,"Cellulose",17,"MJ/kg",null,"Cellulose",{"$f":"Q29","v":0},{"$f":"H98/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I98*D98","v":{"$error":"#DIV/0!"}},null,{"$f":"H98*D98","v":0}]
[null,null,"Hemicellulose",16,"MJ/kg",null,"Hemicellulose",{"$f":"Q30","v":0},{"$f":"H99/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I99*D99","v":{"$error":"#DIV/0!"}},null,{"$f":"H99*D99","v":0},null,null,"Air",{"$f":"2*H103","v":0},"kg/h"]
[null,null,"Lignin",25,"MJ/kg",null,"Lignin",{"$f":"Q31","v":0},{"$f":"H100/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I100*D100","v":{"$error":"#DIV/0!"}},null,{"$f":"H100*D100","v":0}]
[null,null,"Cell Biomass",16,"MJ/kg",null,"Cell Biomass",{"$f":"Q45","v":0},{"$f":"H101/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I101*D101","v":{"$error":"#DIV/0!"}},null,{"$f":"H101*D101","v":0},null,null,"Flue gas",{"$f":"P99+H103","v":0},"kg/h"]
[null,null,"Organics",17,"MJ/kg",null,"Organics",{"$f":"Q55*G94","v":0},{"$f":"H102/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I102*D102","v":{"$error":"#DIV/0!"}},null,{"$f":"H102*D102","v":0}]
[null,null,null,null,null,null,"Total",{"$f":"SUM(H98:H102)","v":0},{"$f":"SUM(I98:I102)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(J98:J102)","v":{"$error":"#DIV/0!"}},"MJ/kg"]
[null,null,null,null,null,null,null,null,null,{"$f":"J103*(H98+H99+H100+H101+H102)","v":{"$error":"#DIV/0!"}},"MJ/h",{"$f":"SUM(L98:L102)","v":0}]
[]
[]
[null,null,"Electricty produced",null,null,null,null,null,"Electricity produced",{"$f":"(C108/D8/3.6)","v":{"$error":"#DIV/0!"}},"kWh/kg RM (dry basis)"]
[null,null,{"$f":"E94*J104 -C111","v":{"$error":"#DIV/0!"}},"MJ/h",null,null,null,null,"Produced"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Steam produced",{"$f":"C111/M95","v":{"$error":"#DIV/0!"}},"kg/h"]
[null,null,"Steam produced",null,null,null,null,null,"Steam produced",{"$f":"(C111/D8)","v":{"$error":"#DIV/0!"}},"MJ/kg RM (dry basis)"]
[null,null,{"$f":"J104*E95","v":{"$error":"#DIV/0!"}},"MJ/h",null,null,null,null,"Produced"]
[]
[]
[null,null,null,"Mass balance cogeneration Unit"]
[]
[null,null,null,null,null,null,null,"Input kg/h",null,null,"ouput kg/h"]
[null,null,null,null,null,null,"Solids",{"$f":"H103+Q32","v":0},null,"Flue gas",{"$f":"P101","v":0}]
[null,null,null,null,null,null,"Water",{"$f":"P109","v":{"$error":"#DIV/0!"}},null,"Steam",{"$f":"P109","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,"Air",{"$f":"P99","v":0},null,"Ash",{"$f":"Q32","v":0}]
[null,null,null,null,null,null,"Total",{"$f":"SUM(H117:H119)","v":{"$error":"#DIV/0!"}},null,"Total",{"$f":"SUM(K117:K119)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,null,null,null,null,{"$f":"H120-K120","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,"Relations and calculations"]
[null,null,null,null,null,null,null,null,"Acid concetration"]
[null,null,"Sulfuric acid - before pretreatment",null,null,null,null,null,0.5,"% (w/v)",{"$f":"(I133/100)","v":5.0000000000000001E-3},"kg/L solución",null,0.02,"kg/kg solucion"]
[null,null,0,"kg/kg biomass (dry)",null,null,null,null,null,null,null,null,"mass frac"]
[null,null,"pure sulfuric acid, valid for all biomasses",null,null,null,null,null,null,null,"Acido sulfurico",{"$f":"K133*1000","v":5},{"$f":"L135/L137","v":5.0000000000000001E-3}]
[null,null,null,null,null,null,null,null,null,null,"Agua",{"$f":"1000-L135","v":995},{"$f":"L136/L137","v":0.995}]
[null,null,"Water for biomass dilution prior pretreatment",null,null,null,null,null,null,null,"Solucion ",1000]
[null,null,4,"kg water/kg biomass",null,null,null,"liquid/solid ratio"]
[null,null,null,null,null,null,null,5]
[null,null,"Steam for pretreatmet "]
[null,null,1,"kg steam/kg dry biomass"]
[null,null,"Steam at 180 ºC"]
[]
[null,null,"Pretreatment conversions and reactions"]
[]
[null,null,"reactions",null,null,null,null,null,"Conversion ",null,null,"Compounds","MW"]
[null,null,"reaction 1","CELLULOS(CIPSD)   -->  CELLULOS(MIXED)",null,null,null,null,1.6E-2,null,null,"Cellulose",162.14241999999999]
[null,null,"reaction 2","HEMICELL(CIPSD)   -->  HEMICELL(MIXED)",null,null,null,null,0.75,null,null,"Hemicellulose",132.11612]
[null,null,"reaction 3","LIGNIN(CIPSD)   -->  LIGNIN(MIXED)",null,null,null,null,0,null,null,"Lignin",122.49299999999999]
[null,null,"reaction 4","Extractives (CIPSD)   -->  Extractives(MIXED)",null,null,null,null,1,null,null,"Extractives",282.46676000000002]
[null,null,"reaction 5","Others(CIPSD)   -->  Others(MIXED)",null,null,null,null,1,null,null,"Others",170.12]
[null,null,"reaction 6","CELLULOS(MIXED)  + WATER(MIXED)   -->  GLUCOSE(MIXED)",null,null,null,null,1,null,null,"Glucose",180.15768]
[null,null,"reaction 7","Galactan(CIPSD)   -->  Galactan(MIXED)",null,null,null,null,{"$f":"I148","v":0.75},null,null,"Galactan",162.14241999999999]
[null,null,"reaction 8","Galactan(MIXED)  + WATER(MIXED)   -->  GLUCOSE(MIXED)",null,null,null,null,1,null,null,"Xylose",150.13140000000001]
[null,null,"reaction 9","HEMICELL(MIXED)  + WATER(MIXED)   -->  XYLOSE(MIXED)",null,null,null,null,1,null,null,"Furfural",96.085560000000001]
[null,null,"reaction 10","XYLOSE(MIXED)   -->  FURFURAL(MIXED) + 3 WATER(MIXED)",null,null,null,null,0.14000000000000001,null,null,"HMF",126.11]
[null,null,"reaction 11","GLUCOSE(MIXED)   -->  3 WATER(MIXED) + HMF(MIXED)",null,null,null,null,0.05,null,null,"Water",18.015280000000001]
[null,null,"reaction 12","Ash (non-soluble) --> Ash (soluble)",null,null,null,null,0.5]
[]
[null,null,null,"Molar balances each reaction"]
[null,null,null,"Reaction 1",null,null,null,null,null,null,null,"Reaction 7"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Cellulose -Solid",null,"Cellulose mixed",null,null,null,null,null,"GALACTAN -Solid",null,"Galactan mixed"]
[null,null,"kg/h",{"$f":"D8*D11*I147","v":0},null,{"$f":"D164","v":0},null,null,null,null,"kg/h",0,null,{"$f":"L164","v":0}]
[null,null,"kmol/h",{"$f":"D164/M147","v":0},null,{"$f":"F164/M147","v":0},null,null,null,null,"kmol/h",{"$f":"L164/M153","v":0},null,{"$f":"N164/M153","v":0}]
[]
[]
[null,null,null,"Reaction 2",null,null,null,null,null,null,null,"Reaction 8"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Hemicell -Solid",null,"Hemice mixed",null,null,null,null,null,"Galactan","water","glucose"]
[null,null,"kg/h",{"$f":"$D$8*D12*I148","v":0},null,{"$f":"D171","v":0},null,null,null,null,"kg/h",{"$f":"L172*M153","v":0},{"$f":"M172*M157","v":0},{"$f":"N172*M152","v":0}]
[null,null,"kmol/h",{"$f":"D171/M148","v":0},null,{"$f":"F171/M148","v":0},null,null,null,null,"kmol/h",{"$f":"N165*I154","v":0},{"$f":"L172","v":0},{"$f":"L172","v":0}]
[]
[]
[null,null,null,"Reaction 3",null,null,null,null,null,null,null,"Reaction 9"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Lignin -Solid",null,"Lignin mixed",null,null,null,null,null,"Hemicellulose","Water","Xylose"]
[null,null,"kg/h",{"$f":"$D$8*D13*I149","v":0},null,{"$f":"D178","v":0},null,null,null,null,"kg/h",{"$f":"L179*M148","v":0},{"$f":"M179*M157","v":0},{"$f":"N179*M154","v":0}]
[null,null,"kmol/h",{"$f":"D178/M149","v":0},null,{"$f":"F178/M149","v":0},null,null,null,null,"kmol/h",{"$f":"F172*I155","v":0},{"$f":"L179","v":0},{"$f":"L179","v":0}]
[]
[]
[null,null,null,"Reaction 4",null,null,null,null,null,null,null,"Reaction 10"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Extractives -Solid",null,"Extractives mixed",null,null,null,null,null,"Xylose",null,"Furfural","Water"]
[null,null,"kg/h",{"$f":"$D$8*D15*I150","v":0},null,{"$f":"D185","v":0},null,null,null,null,"kg/h",{"$f":"L186*M154","v":0},null,{"$f":"N186*M155","v":0},{"$f":"O186*M157","v":0}]
[null,null,"kmol/h",{"$f":"D185/M150","v":0},null,{"$f":"F185/M150","v":0},null,null,null,null,"kmol/h",{"$f":"N179*I156","v":0},null,{"$f":"L186","v":0},{"$f":"3*L186","v":0}]
[]
[]
[null,null,null,"Reaction 5",null,null,null,null,null,null,null,"Reaction 11"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Others -Solid",null,"Others mixed",null,null,null,null,null,"Glucose",null,"Water","HMF"]
[null,null,"kg/h",{"$f":"$D$8*D16*I151","v":0},null,{"$f":"D192","v":0},null,null,null,null,"kg/h",{"$f":"L193*M152","v":0},null,{"$f":"N193*M157","v":0},{"$f":"O193*M156","v":0}]
[null,null,"kmol/h",{"$f":"D192/M151","v":0},null,{"$f":"F192/M151","v":0},null,null,null,null,"kmol/h",{"$f":"(F200+N172)*I157","v":0},null,{"$f":"3*L193","v":0},{"$f":"L193","v":0}]
[]
[]
[null,null,null,"Reaction 6",null,null,null,null,null,null,null,"Reaction 12"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Cellulose mixed","Water","Glucose",null,null,null,null,null,"Ash solid",null,"Ash solube"]
[null,null,"kg/h",{"$f":"D200*M147","v":0},{"$f":"E200*M157","v":0},{"$f":"F200*M152","v":0},null,null,null,null,"kg/h",{"$f":"$D$8*D14*I158","v":0},null,{"$f":"L199","v":0}]
[null,null,"kmol/h",{"$f":"F165*I152","v":0},{"$f":"D200","v":0},{"$f":"D200","v":0},null,null,null,null,"kmol/h"]
[]
[]
[null,null,null,null,null,"kg/h"]
[null,null,null,"Input","Liquid","Solid"]
[null,null,"Cellulose",{"$f":"$D$8*D11","v":0},0,{"$f":"D205-D164","v":0}]
[null,null,"Xylan",0,0,{"$f":"D206-D171","v":0}]
[null,null,"Lignin",0,{"$f":"F178","v":0},{"$f":"D207-E207","v":0}]
[null,null,"Ash",0,{"$f":"N199","v":0},{"$f":"D208-E208","v":0}]
[null,null,"Extractives",0,{"$f":"F185","v":0},{"$f":"D209-E209","v":0}]
[null,null,"Others ",0,{"$f":"F192","v":0},{"$f":"D210-E210","v":0}]
[null,null,"Glucose",0,{"$f":"F199-L192","v":0},0]
[null,null,"Xylose",0,{"$f":"N178-L185","v":0},0]
[null,null,"Furfural",0,{"$f":"N185","v":0},0]
[null,null,"HMF",0,{"$f":"O192","v":0},0]
[null,null,"Water",{"$f":"(C30-D8)+C32+C33","v":500000},{"$f":"D215-E199-M171-M178+O185+N192","v":500000},0]
[null,null,"Sulfuric acid",{"$f":"C31","v":0},{"$f":"D216","v":0},0]
[null,null,"Total",{"$f":"SUM(D205:D216)","v":500000},{"$f":"SUM(E205:E216)","v":500000},{"$f":"SUM(F205:F216)","v":0}]
[]
[null,null,null,{"$f":"D217-E217-F217","v":0}]
[]
[null,null,"Enzymatic hydrolysis"]
[]
[null,null,"Enzyme dosage"]
[null,null,0.05,"kg enzyme/kg solid at entrance hydrolysis reactor",null,null,null,"Based on Novozymes Recommendations",null,null,null,"http://bioenergy.novozymes.com/en/cellulosic-ethanol/CellicCTec3/Documents/AS_2010-01668-03.pdf"]
[]
[null,null,"Water for dilution enzy,atic hydrolysis"]
[null,null,2.66,"kg water/kg solid"]
[]
[null,null,null,null,null,null,null,null,"Conversion"]
[null,null,"reaction","CELLULOSE + WATER(MIXED)   -->  GLUCOSE(MIXED)",null,null,null,null,0.82]
[]
[null,null,null,"Reaction 6"]
[null,null,null,"Reactants",null,"Products"]
[null,null,null,"Cellulose mixed","Water","Glucose"]
[null,null,"kg/h",{"$f":"F205*I230","v":0},{"$f":"E236*M157","v":0},{"$f":"F236*M152","v":0}]
[null,null,"kmol/h",{"$f":"D235/M147","v":0},{"$f":"D236","v":0},{"$f":"D236","v":0}]
[]
[]
[null,null,null,"Input","Liquid","Lignin"]
[null,null,"Cellulose",{"$f":"F205","v":0},0,{"$f":"D240-D235","v":0}]
[null,null,"Xylan",{"$f":"F206","v":0},0,{"$f":"D241","v":0}]
[null,null,"Galactan",{"$f":"L164","v":0},0,{"$f":"D242","v":0}]
[null,null,"Lignin",{"$f":"F207","v":0},0,{"$f":"D243","v":0}]
[null,null,"Ash",{"$f":"F208","v":0},0,{"$f":"D244","v":0}]
[null,null,"Enzyme",{"$f":"M25","v":0},0,0]
[null,null,"Water",{"$f":"M26","v":0},{"$f":"D246-E235+D245","v":0},0]
[null,null,"Glucose",0,{"$f":"F235","v":0},0]
[null,null,"Total",{"$f":"SUM(D240:D247)","v":0},{"$f":"SUM(E240:E247)","v":0},{"$f":"SUM(F240:F247)","v":0}]
[]
[null,null,null,"Difference"]
[null,null,null,{"$f":"D248-E248-F248","v":0}]
[]
[null,null,"Fermentation"]
[]
[null,null,"Ammonia",{"$f":"340/42688/0.25","v":3.1859070464767617E-2},"kg Ammonia/kg sugars ferm",null,null,"ammonia @ 25%"]
[]
[]
[]
[]
[null,null,null,"Assuming 80% of theoretical yields for ethanol (based on average values of different publications"]
[null,null,"from Xylose",{"$f":"0.51*80%","v":0.40800000000000003},null,"CO2",0.48857434667732408,"kg/kg xylose",null,null,"Biomass yield",null,null,"CO2 from biomass"]
[null,null,"from Glucose",{"$f":"0.51*80%","v":0.40800000000000003},null,"CO2",0.48857434667732408,"kg/kg glucose",null,null,0.13,"g biomass/ g Etanol",null,0.92300538794167575,"g CO2/g biomass"]
[]
[]
[null,null,"For fermentation  -  kg/h",null,null,null,{"$f":"0.8*0.51","v":0.40800000000000003}]
[null,null,null,"Input","Output"]
[null,null,"Glucose",{"$f":"F38+M39","v":0},{"$f":"0","v":0}]
[null,null,"Xylose",{"$f":"F39","v":0},0,null,null,null,{"$f":"9*1000/5000000","v":1.8E-3},"kg/L"]
[null,null,"Biomass",{"$f":"I272","v":0},{"$f":"D272-SUM(E267:E268,E270:E271)","v":0},null,{"$f":"E269+I272","v":0},null,"Biomass required feed"]
[null,null,"Ethanol",0,{"$f":"D262*D267 + D261*D268","v":0},null,null,null,{"$f":"I268/0.789","v":2.2813688212927753E-3},"kg/kg Ethanol"]
[null,null,"CO2",0,{"$f":"1.1*E270","v":0}]
[null,null,"Total",{"$f":"SUM(D267:D271)","v":0},{"$f":"SUM(E267:E271)","v":0},null,null,null,{"$f":"I270*E270","v":0},"kg/h"]
[]
[]
[null,null,null,null,{"$f":"D272-E272","v":0}]

{"sheet":"B_SE_FS3","index":97,"n_rows":275,"n_cols":42,"rows_kept":275,"cut":false,"hidden":true,"merged":[]}
[]
[null,null,"Calculations of Mass and Energy Balances - Steam Explosion"]
[]
[]
[null,"Feedstock",{"$f":"+'Data Entry Needs'!$G$11","v":" "},"Operating h per year",null,{"$f":"+'Data Entry Needs'!$G$43*24","v":0},"h/year"]
[]
[null,null,"Biomass Flowrate - dry basis - Caculus base"]
["`",null,null,100000,"kg/h"]
[]
[null,null,"Biomass composition - dry basis "]
[null,2,"Cellulose",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B11,FALSE),0)","v":0},"wt"]
[null,3,"Hemicellulose",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B12,FALSE),0)","v":0},"wt"]
[null,4,"Lignin",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B13,FALSE),0)","v":0},"wt"]
[null,5,"Ash",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B14,FALSE),0)","v":0},"wt"]
[null,6,"Extractives",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B15,FALSE),0)","v":0},"wt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Multiplier cogeneration"]
[null,7,"Others ",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B16,FALSE),0)","v":0},"wt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Allocator!I18","v":1}]
[null,null,"Total",{"$f":"SUM(D11:D16)","v":0}]
[]
[null,null,"Moisture content"]
[null,10,null,{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$39,$B20,FALSE),0)","v":0},"wt"]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Summary of mass balances for base capacity",null,null,null,null,"Summary of energy balances for base capacity",null,null,null,null,null,null,"Mass balances at selected capacities"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Balance including cogeneration unit",null,null,null,null,null,null,"Capacities - ML/y",5,null,25,null,50,null,100]
[null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(M25:M26)","v":0},"kg/h",null,null,null,null,null,null,null,"Ethanol Plant",null,null,null,null,"Utility type","Required","Produced","Net Energy"]
[null,null,null,null,null,null,null,null,null,null,null,"Enzyme",{"$f":"C224*F217","v":0},"kg/h",null,null,null,null,null,null,null,"Stream","Inputs - kg/h","Outputs - kg/h",null,null,"Steam - MJ/h",{"$f":"D82*D8 + W29*2.2026","v":428260},{"$f":"J110*D8*AA16","v":{"$error":"#DIV/0!"}},{"$f":"AB25-AC25","v":{"$error":"#DIV/0!"}},null,null,null,"Ethanol Plant"]
[null,null,null,null,null,null,null,null,null,null,null,"Water",{"$f":"C227*F217","v":0},"kg/h",null,null,null,null,null,null,null,"Biomass",{"$f":"C30","v":100000},0,null,null,"Electricity - kWh/h",{"$f":"D85*D8","v":20000},{"$f":"J107*D8*AA16","v":{"$error":"#DIV/0!"}},{"$f":"(AB26-AC26)","v":{"$error":"#DIV/0!"}},null,null,null,"Capacity","5 ML",null,"25 ML",null,"50 ML",null,"100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sulfuric Acid",{"$f":"C31","v":0},0,null,null,"Be carefull, steam for pretreatment included as utility",null,null,null,null,null,null,"Stream","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",null,null,null,null,null,"Water",{"$f":"C32+M26-L61-N61","v":0},0,null,null,null,null,null,null,null,null,null,"Biomass",{"$f":"W58*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X58*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W58*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X58*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W58*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X58*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W58*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X58*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,"Cellulose",{"$f":"F205","v":0},"kg/h",null,null,null,null,"Cellulose",{"$f":"F240","v":0},"kg/h",null,null,null,"Steam",{"$f":"C33","v":100000},0,null,null,"Summary of external energy requiremens",null,null,null,null,null,null,"Sulfuric Acid",{"$f":"W59*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W59*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W59*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W59*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,"Biomass (wet)",{"$f":"(D8/((1-D20)/1))","v":100000},"kg/h",null,null,null,null,"Xylan",{"$f":"F206","v":0},"kg/h",null,null,null,null,"Hemicellulose",{"$f":"F241","v":0},"kg/h",null,null,null,"Ammonia",{"$f":"I40","v":0},0,null,null,"Steam - MJ/h",{"$f":"IF(AD25<0,0,AD25)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Sulfuric Acid",{"$f":"D8*C134","v":0},"kg/h",null,null,null,null,"Lignin",{"$f":"F207","v":0},"kg/h",null,null,null,null,"Lignin",{"$f":"F243","v":0},"kg/h",null,null,null,"Enzyme",{"$f":"M25","v":0},0,null,null,"Electricity - kWh/h",{"$f":"IF(AD26<0,0,AD26)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Water",{"$f":"D8*C138","v":400000},"kg/h",null,null,null,null,"Ash",{"$f":"F208","v":0},"kg/h",null,null,null,null,"Ash",{"$f":"F244","v":0},"kg/h",null,null,null,"Yeast",{"$f":"I39","v":0},{"$f":"Q45","v":0},null,null,null,null,null,null,null,null,null,"Ammonia",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Steam",{"$f":"D8*C141","v":100000},"kg/h",null,null,null,null,"Total",{"$f":"SUM(J29:J32)","v":0},"kg/h",null,null,null,null,"Total",{"$f":"SUM(Q29:Q32)","v":0},"kg/h",null,null,null,"Lignin",0,{"$f":"Q33","v":0},null,null,"Summary of electricity Exports",null,null,null,null,null,null,"Enzyme",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total",{"$f":"SUM(C30:C33)","v":600000},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",0,{"$f":"Q43","v":0},null,null,"Electricity - kWh/h",{"$f":"IF(AD26<0,-AD26,0)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Yeast",{"$error":"#DIV/0!"},null,{"$error":"#DIV/0!"},null,{"$error":"#DIV/0!"},null,{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"CO2",0,{"$f":"Q47","v":0},null,null,null,null,null,null,null,null,null,"Lignin",{"$error":"#DIV/0!"},{"$f":"(X65*$AI$23*1000000/(1000*1000)) +(X64*$AI$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"(X65*$AK$23*1000000/(1000*1000)) +(X64*$AK$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"(X65*$AM$23*1000000/(1000*1000)) +(X64*$AM$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"(X65*$AO$23*1000000/(1000*1000)) +(X64*$AO$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}}]
[null,"Note: steam @ 10 bar",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sludge",0,{"$f":"Q56","v":100000},null,null,null,null,null,null,null,null,null,"Ethanol",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Water",{"$f":"E215","v":500000},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W26:W36)","v":200000},{"$f":"SUM(X26:X36)","v":100000},null,null,null,null,null,null,null,null,null,"CO2",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Glucose",{"$f":"E211","v":0},"kg/h",null,null,null,null,"Water",{"$f":"E246","v":0},"kg/h",null,{"$f":"J33+M24-Q33-M40","v":0},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sludge",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Xylose",{"$f":"E212","v":0},"kg/h","Biomass",{"$f":"D269","v":0},"kg/h",null,"Glucose",{"$f":"E247","v":0},"kg/h",null,null,null,null,null,null,null,"Cogeneration Plant",null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI28:AI38)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AJ28:AJ38)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Others",{"$f":"E209+E213+E214+E216+E208+E210","v":0},"kg/h","Ammonia",{"$f":"D255*(F38+F39+M39)","v":0},"kg/h",null,"Total",{"$f":"SUM(M38:M39)","v":0},"kg/h",null,null,null,null,null,null,null,"Stream","Inputs - kg/h","Outputs - kg/h",null,null,null,null,null,null,null,null,null,"Cogeneration Plant"]
[null,null,null,null,"Total",{"$f":"SUM(F37:F40)","v":500000},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",{"$f":"X33","v":0},0,null,null,null,null,null,null,null,null,null,"Capacity","5 ML",null,"25 ML",null,"50 ML",null,"100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"X32","v":0},0,null,null,null,null,null,null,null,null,null,"Stream","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",{"$f":"E270","v":0},"kg/h",null,null,null,"Water",{"$f":"H118","v":{"$error":"#DIV/0!"}},0,null,null,null,null,null,null,null,null,null,"Lignin",{"$f":"W73*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W73*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W73*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W73*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Air",{"$f":"H119","v":0},0,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"W74*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W74*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W74*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W74*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"E269","v":0},"kg/h",null,null,null,"Flue gas",0,{"$f":"K117","v":0},null,null,null,null,null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"C34-F41-J33","v":100000},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Steam",0,{"$f":"K118","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Air",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,{"$f":"F41+I39+I40+M40-Q43-Q45-Q47-M49","v":0},null,null,null,null,null,null,"CO2",{"$f":"E271","v":0},"kg/h",null,null,null,"Ash",0,{"$f":"K119","v":0},null,null,null,null,null,null,null,null,null,"Flue gas",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W41:W47)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(X41:X47)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,"Stillage",{"$f":"M38+F37+F40+I40","v":500000},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ash",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI43:AI49)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AJ43:AJ49)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,"Stillage composition after fermentation"]
[null,null,"Water",{"$f":"F37+M38","v":500000},"kg/h",null,null,null,null,null,null,null,null,null,null,"Sludge",null,null,"waste",null,null,"Normalized Mass and Energy Balances - Balances used for any capacity",null,null,null,null,null,null,null,null,null,null,null,"Energy balances at selected capacities"]
[null,null,"Ammonia",{"$f":"I40","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Water",{"$f":"D52-L61-N61","v":100000},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Balances including both ethanol and cogeneration plants"]
[null,null,"Extractives",{"$f":"E209","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Others",{"$f":"D58+D59","v":0},"kg/h",null,null,null,"Mass Balances",null,null,null,null,"Energy Requirements",null,null,null,null,null,null,"Capacity","5 ML",null,"25 ML",null,"50 ML",null,"100 ML"]
[null,null,"Others ",{"$f":"E210","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Organics",{"$f":"SUM(D53:D57)","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Utility type","Required","For sales","Required","For sales","Required","For sales","Required","For sales"]
[null,null,"Furfural",{"$f":"E213","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(Q53:Q55)","v":100000},"kg/h",null,null,null,"Ethanol Plant",null,null,null,null,"Summary of external energy requiremens",null,null,null,null,null,null,"Steam - MJ/y",{"$f":"$AB$57*$AI$23*1000000","v":{"$error":"#DIV/0!"}},0,{"$f":"$AB$57*$AK$23*1000000","v":{"$error":"#DIV/0!"}},0,{"$f":"$AB$57*$AM$23*1000000","v":{"$error":"#DIV/0!"}},0,{"$f":"$AB$57*$AO$23*1000000","v":{"$error":"#DIV/0!"}},0]
[null,null,"HMF",{"$f":"E214","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Stream","Inputs - kg/L EtOH","Outputs - kg/L EtOH",null,null,"Steam - MJ/L EtOH",{"$f":"AB30/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Electricity - kWh/y",{"$f":"$AB$58*$AI$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AI$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$58*$AK$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AK$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$58*$AM$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AM$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$58*$AO$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AO$23*1000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Ash",{"$f":"E208","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Biomass (wet)",{"$f":"W26/$P$72","v":{"$error":"#DIV/0!"}},{"$f":"X26/$P$72","v":{"$error":"#DIV/0!"}},null,null,"Electricity - kWh/L EtOH",{"$f":"AB31/$P$72","v":{"$error":"#DIV/0!"}}]
[null,null,"Acid",{"$f":"E216","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,{"$f":"M49-L61-N61-Q56","v":0},null,null,null,null,"Sulfuric Acid",{"$f":"W27/$P$72","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,"Total",{"$f":"SUM(D52:D59)","v":500000},"kg/h",null,null,null,null,null,null,null,null,"water to hydrolysis",null,null,null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Summary of electricity Exports"]
[null,null,null,null,null,null,null,null,null,null,"Rec. Water",{"$f":"D8*C138","v":400000},"kg/h",{"$f":"C227*F217","v":0},"kg/h",null,null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Electricity - kWh/L EtOH",{"$f":"AB34/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Capital Investment"]
[null,null,null,null,null,null,null,null,null,null,null,"Be carefull recovered water to be recycled",null,null,null,null,null,null,null,null,null,"Ammonia",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Base case capacity ","63 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Enzyme",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Capex Cogeneration","USD",null,"Capex Ethanol Plant","USD",null,"Cogeneration Capex factor"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Buildings",{"$f":"32000000*4%*AO64","v":3199999.9999999991},null,"Buildings",{"$f":"32000000*96%","v":30720000},null,{"$f":"Allocator!I23","v":"Simple"},{"$f":"Allocator!J27","v":2.4999999999999991}]
[null,null,null,"Balance check",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Energy produced in cogeneration",null,null,null,null,null,null,"Plant and Equipment",{"$f":"125700000*4%*AO64","v":12569999.999999996},null,"Plant and Equipment",{"$f":"125700000*96%","v":120672000}]
[null,null,"kg/h","Inputs","Outputs","Difference",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"C34+I40+M24+I39","v":600000},{"$f":"Q43+Q45+Q47+Q33+Q56+N61+L61","v":500000},{"$f":"D67-E67","v":100000},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"CO2",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Summary of energy produced in cogeneration",null,null,null,null,null,null,"Total investment costs: Ethanol + Cogeneration systems"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sludge",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Steam - MW/ML/y EtOH",{"$f":"(AC25/3600)/(P72*'Data Entry Needs'!$G$43*24/1000000)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Capacity","5 ML","25 ML","50 ML","100 ML"]
[null,null,"Summary",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W58:W68)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(X58:X68)","v":{"$error":"#DIV/0!"}},null,null,"Electricity - kW/ML/y EtOH",{"$f":"(AC26*3.6*1000/3600)/(P72*'Data Entry Needs'!$G$43*24/1000000)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Buildings - USD",{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(5/63)^0.6,-3)","v":7418000},{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(25/63)^0.6,-3)","v":19482000},{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(50/63)^0.6,-3)","v":29528000},{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(100/63)^0.6,-3)","v":44757000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant and Equipment - USD",{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(5/63)^0.6,-3)","v":29136000},{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(25/63)^0.6,-3)","v":76525000},{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(50/63)^0.6,-3)","v":115990000},{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(100/63)^0.6,-3)","v":175808000}]
[null,null,"Ethanol yield",null,null,null,null,null,"Water requirements",null,null,null,null,null,null,"Liters of ethanol produced",null,null,null,null,null,"Cogeneration Plant",null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI69:AI70)","v":36554000},{"$f":"SUM(AJ69:AJ70)","v":96007000},{"$f":"SUM(AK69:AK70)","v":145518000},{"$f":"SUM(AL69:AL70)","v":220565000}]
[null,null,{"$f":"Q43/D8","v":0},"kg/kg RM (dry basis)",null,null,null,null,{"$f":"(C32+M26-L61-N61)/Q43","v":{"$error":"#DIV/0!"}},"m3/t ethanol",null,null,null,null,null,{"$f":"Q43*1000/(789)","v":0},"L/h",null,null,null,null,"Stream","Inputs - kg/L EtOH","Outputs - kg/L EtOH"]
[null,null,{"$f":"(C72/789)*(1000)*1000","v":0},"L/t RM dry",null,null,null,null,"After recycling water recovered from water treatment",null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",{"$f":"W41/$P$72","v":{"$error":"#DIV/0!"}},{"$f":"X41/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Investment costs: Cogeneration systems"]
[null,null,{"$f":"P72*1000/C30","v":0},"L/t RM wet",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"W42/$P$72","v":{"$error":"#DIV/0!"}},{"$f":"X42/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Capacity","5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Buildings - USD",{"$f":"ROUNDUP((($AI$64))*(5/63)^0.6,-3)","v":700000},{"$f":"ROUNDUP((($AI$64))*(25/63)^0.6,-3)","v":1838000},{"$f":"ROUNDUP((($AI$64))*(50/63)^0.6,-3)","v":2786000},{"$f":"ROUNDUP((($AI$64))*(100/63)^0.6,-3)","v":4223000}]
[null,null,"Lignin Yield",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Air",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Plant and Equipment - USD",{"$f":"ROUNDUP((($AI$65))*(5/63)^0.6,-3)","v":2749000},{"$f":"ROUNDUP((($AI$65))*(25/63)^0.6,-3)","v":7220000},{"$f":"ROUNDUP((($AI$65))*(50/63)^0.6,-3)","v":10943000},{"$f":"ROUNDUP((($AI$65))*(100/63)^0.6,-3)","v":16586000}]
[null,null,{"$f":"Q33/Q43","v":{"$error":"#DIV/0!"}},"kg/kg EtOh",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Flue gas",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI75:AI76)","v":3449000},{"$f":"SUM(AJ75:AJ76)","v":9058000},{"$f":"SUM(AK75:AK76)","v":13729000},{"$f":"SUM(AL75:AL76)","v":20809000}]
[null,null,{"$f":"Q33/D8","v":0},"kg/kg RM (dry basis)",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ash",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Performance cogeneration system"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W73:W79)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(X73:X79)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Capacity","5 ML","25 ML","50 ML","100 ML"]
[null,null,"Energy requirements",null,null,null,null,null,"Energy requirements",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Electricity Capacity (kW)",{"$f":"$AB$69*5","v":{"$error":"#DIV/0!"}},{"$f":"$AB$69*25","v":{"$error":"#DIV/0!"}},{"$f":"$AB$69*50","v":{"$error":"#DIV/0!"}},{"$f":"$AB$69*100","v":{"$error":"#DIV/0!"}}]
[null,null,"Heating",2.08,"MJ/kg RM (dry basis)",null,null,null,"Heating",{"$f":"(D82*D8/Q43)*0.789","v":{"$error":"#DIV/0!"}},"MJ/L Ethanol",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Heat Capacity (MW)",{"$f":"$AB$68*5","v":{"$error":"#DIV/0!"}},{"$f":"$AB$68*25","v":{"$error":"#DIV/0!"}},{"$f":"$AB$68*50","v":{"$error":"#DIV/0!"}},{"$f":"$AB$68*100","v":{"$error":"#DIV/0!"}}]
[null,null,"Cooling",0,"MJ/kg RM (dry basis)",null,null,null,"Cooling",{"$f":"(D83*D8/Q43)*0.789","v":{"$error":"#DIV/0!"}},"MJ/L Ethanol",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant Electricity Demand Supplied",{"$f":"IF(AD26<0,1,1-(AD26/AB26))","v":{"$error":"#DIV/0!"}},{"$f":"$AI$83","v":{"$error":"#DIV/0!"}},{"$f":"$AI$83","v":{"$error":"#DIV/0!"}},{"$f":"$AI$83","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant Heat Demand Supplied",{"$f":"IF(AD25<0,1,1-(AD25/AB25))","v":{"$error":"#DIV/0!"}},{"$f":"$AI$84","v":{"$error":"#DIV/0!"}},{"$f":"$AI$84","v":{"$error":"#DIV/0!"}},{"$f":"$AI$84","v":{"$error":"#DIV/0!"}}]
[null,null,"Electricity",0.2,"kWh/kg RM (dry basis)",null,null,null,"Electricity",{"$f":"(D85*$D$8/$Q$43)","v":{"$error":"#DIV/0!"}},"kWh/kg EtOH",null,"equal to MWh/t ethanol",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Electricity Surplus (% of total produced)",{"$f":"IF(AD26>0,0,(ABS(AD26))/AC26)","v":{"$error":"#DIV/0!"}},{"$f":"$AI$85","v":{"$error":"#DIV/0!"}},{"$f":"$AI$85","v":{"$error":"#DIV/0!"}},{"$f":"$AI$85","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,"Electricity",{"$f":"J85*0.789","v":{"$error":"#DIV/0!"}},"kWh/L"]
[]
[null,null,"Not integrated "]
[]
[]
[null,null,"Cogeneration"]
[null,null,"Turbine Eff",null,{"$f":"Allocator!$I$15","v":0.85}]
[null,null,"Electrical efficiency",null,{"$f":"Allocator!$J$24","v":0.2},null,"Multiplier sensitivity to include organics"]
[null,null,"Thermal Efficiency",null,{"$f":"Allocator!$J$25","v":0.2},null,0,null,null,null,null,null,"Heating value Steam"]
[null,null,null,null,{"$f":"(E94-E93)/(1-(E93/E92))","v":0},null,null,null,null,null,null,null,{"$f":"2.2026","v":2.2025999999999999},"MJ/kg"]
[null,null,null,null,null,null,"Lignin composition - free of Ash"]
[null,null,"Low heating values (LHV) - Moisture 0%",null,null,null,null,"kg/h","mass fraction","Heating Value",null,"MJ/h"]
[null,null,"Cellulose",17,"MJ/kg",null,"Cellulose",{"$f":"Q29","v":0},{"$f":"H98/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I98*D98","v":{"$error":"#DIV/0!"}},null,{"$f":"H98*D98","v":0}]
[null,null,"Hemicellulose",16,"MJ/kg",null,"Hemicellulose",{"$f":"Q30","v":0},{"$f":"H99/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I99*D99","v":{"$error":"#DIV/0!"}},null,{"$f":"H99*D99","v":0},null,null,"Air",{"$f":"2*H103","v":0},"kg/h"]
[null,null,"Lignin",25,"MJ/kg",null,"Lignin",{"$f":"Q31","v":0},{"$f":"H100/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I100*D100","v":{"$error":"#DIV/0!"}},null,{"$f":"H100*D100","v":0}]
[null,null,"Cell Biomass",16,"MJ/kg",null,"Cell Biomass",{"$f":"Q45","v":0},{"$f":"H101/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I101*D101","v":{"$error":"#DIV/0!"}},null,{"$f":"H101*D101","v":0},null,null,"Flue gas",{"$f":"P99+H103","v":0},"kg/h"]
[null,null,"Organics",17,"MJ/kg",null,"Organics",{"$f":"Q55*G94","v":0},{"$f":"H102/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I102*D102","v":{"$error":"#DIV/0!"}},null,{"$f":"H102*D102","v":0}]
[null,null,null,null,null,null,"Total",{"$f":"SUM(H98:H102)","v":0},{"$f":"SUM(I98:I102)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(J98:J102)","v":{"$error":"#DIV/0!"}},"MJ/kg"]
[null,null,null,null,null,null,null,null,null,{"$f":"J103*(H98+H99+H100+H101+H102)","v":{"$error":"#DIV/0!"}},"MJ/h",{"$f":"SUM(L98:L102)","v":0}]
[]
[]
[null,null,"Electricty produced",null,null,null,null,null,"Electricity produced",{"$f":"(C108/D8/3.6)","v":{"$error":"#DIV/0!"}},"kWh/kg RM (dry basis)"]
[null,null,{"$f":"E94*J104 -C111","v":{"$error":"#DIV/0!"}},"MJ/h",null,null,null,null,"Produced"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Steam produced",{"$f":"C111/M95","v":{"$error":"#DIV/0!"}},"kg/h"]
[null,null,"Steam produced",null,null,null,null,null,"Steam produced",{"$f":"(C111/D8)","v":{"$error":"#DIV/0!"}},"MJ/kg RM (dry basis)"]
[null,null,{"$f":"J104*E95","v":{"$error":"#DIV/0!"}},"MJ/h",null,null,null,null,"Produced"]
[]
[]
[null,null,null,"Mass balance cogeneration Unit"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"C108/J104","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,"Input kg/h",null,null,"ouput kg/h"]
[null,null,null,null,null,null,"Solids",{"$f":"H103+Q32","v":0},null,"Flue gas",{"$f":"P101","v":0}]
[null,null,null,null,null,null,"Water",{"$f":"P109","v":{"$error":"#DIV/0!"}},null,"Steam",{"$f":"P109","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,"Air",{"$f":"P99","v":0},null,"Ash",{"$f":"Q32","v":0}]
[null,null,null,null,null,null,"Total",{"$f":"SUM(H117:H119)","v":{"$error":"#DIV/0!"}},null,"Total",{"$f":"SUM(K117:K119)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,null,null,null,null,{"$f":"H120-K120","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,"Relations and calculations"]
[null,null,null,null,null,null,null,null,"Acid concetration"]
[null,null,"Sulfuric acid - before pretreatment",null,null,null,null,null,0.5,"% (w/v)",{"$f":"(I133/100)","v":5.0000000000000001E-3},"kg/L solución",null,0.02,"kg/kg solucion"]
[null,null,0,"kg/kg biomass (dry)",null,null,null,null,null,null,null,null,"mass frac"]
[null,null,"pure sulfuric acid, valid for all biomasses",null,null,null,null,null,null,null,"Acido sulfurico",{"$f":"K133*1000","v":5},{"$f":"L135/L137","v":5.0000000000000001E-3}]
[null,null,null,null,null,null,null,null,null,null,"Agua",{"$f":"1000-L135","v":995},{"$f":"L136/L137","v":0.995}]
[null,null,"Water for biomass dilution prior pretreatment",null,null,null,null,null,null,null,"Solucion ",1000]
[null,null,4,"kg water/kg biomass",null,null,null,"liquid/solid ratio"]
[null,null,null,null,null,null,null,5]
[null,null,"Steam for pretreatmet "]
[null,null,1,"kg steam/kg dry biomass"]
[null,null,"Steam at 180 ºC"]
[]
[null,null,"Pretreatment conversions and reactions"]
[]
[null,null,"reactions",null,null,null,null,null,"Conversion ",null,null,"Compounds","MW"]
[null,null,"reaction 1","CELLULOS(CIPSD)   -->  CELLULOS(MIXED)",null,null,null,null,1.6E-2,null,null,"Cellulose",162.14241999999999]
[null,null,"reaction 2","HEMICELL(CIPSD)   -->  HEMICELL(MIXED)",null,null,null,null,0.75,null,null,"Hemicellulose",132.11612]
[null,null,"reaction 3","LIGNIN(CIPSD)   -->  LIGNIN(MIXED)",null,null,null,null,0,null,null,"Lignin",122.49299999999999]
[null,null,"reaction 4","Extractives (CIPSD)   -->  Extractives(MIXED)",null,null,null,null,1,null,null,"Extractives",282.46676000000002]
[null,null,"reaction 5","Others(CIPSD)   -->  Others(MIXED)",null,null,null,null,1,null,null,"Others",170.12]
[null,null,"reaction 6","CELLULOS(MIXED)  + WATER(MIXED)   -->  GLUCOSE(MIXED)",null,null,null,null,1,null,null,"Glucose",180.15768]
[null,null,"reaction 7","Galactan(CIPSD)   -->  Galactan(MIXED)",null,null,null,null,{"$f":"I148","v":0.75},null,null,"Galactan",162.14241999999999]
[null,null,"reaction 8","Galactan(MIXED)  + WATER(MIXED)   -->  GLUCOSE(MIXED)",null,null,null,null,1,null,null,"Xylose",150.13140000000001]
[null,null,"reaction 9","HEMICELL(MIXED)  + WATER(MIXED)   -->  XYLOSE(MIXED)",null,null,null,null,1,null,null,"Furfural",96.085560000000001]
[null,null,"reaction 10","XYLOSE(MIXED)   -->  FURFURAL(MIXED) + 3 WATER(MIXED)",null,null,null,null,0.14000000000000001,null,null,"HMF",126.11]
[null,null,"reaction 11","GLUCOSE(MIXED)   -->  3 WATER(MIXED) + HMF(MIXED)",null,null,null,null,0.05,null,null,"Water",18.015280000000001]
[null,null,"reaction 12","Ash (non-soluble) --> Ash (soluble)",null,null,null,null,0.5]
[]
[null,null,null,"Molar balances each reaction"]
[null,null,null,"Reaction 1",null,null,null,null,null,null,null,"Reaction 7"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Cellulose -Solid",null,"Cellulose mixed",null,null,null,null,null,"GALACTAN -Solid",null,"Galactan mixed"]
[null,null,"kg/h",{"$f":"D8*D11*I147","v":0},null,{"$f":"D164","v":0},null,null,null,null,"kg/h",0,null,{"$f":"L164","v":0}]
[null,null,"kmol/h",{"$f":"D164/M147","v":0},null,{"$f":"F164/M147","v":0},null,null,null,null,"kmol/h",{"$f":"L164/M153","v":0},null,{"$f":"N164/M153","v":0}]
[]
[]
[null,null,null,"Reaction 2",null,null,null,null,null,null,null,"Reaction 8"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Hemicell -Solid",null,"Hemice mixed",null,null,null,null,null,"Galactan","water","glucose"]
[null,null,"kg/h",{"$f":"$D$8*D12*I148","v":0},null,{"$f":"D171","v":0},null,null,null,null,"kg/h",{"$f":"L172*M153","v":0},{"$f":"M172*M157","v":0},{"$f":"N172*M152","v":0}]
[null,null,"kmol/h",{"$f":"D171/M148","v":0},null,{"$f":"F171/M148","v":0},null,null,null,null,"kmol/h",{"$f":"N165*I154","v":0},{"$f":"L172","v":0},{"$f":"L172","v":0}]
[]
[]
[null,null,null,"Reaction 3",null,null,null,null,null,null,null,"Reaction 9"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Lignin -Solid",null,"Lignin mixed",null,null,null,null,null,"Hemicellulose","Water","Xylose"]
[null,null,"kg/h",{"$f":"$D$8*D13*I149","v":0},null,{"$f":"D178","v":0},null,null,null,null,"kg/h",{"$f":"L179*M148","v":0},{"$f":"M179*M157","v":0},{"$f":"N179*M154","v":0}]
[null,null,"kmol/h",{"$f":"D178/M149","v":0},null,{"$f":"F178/M149","v":0},null,null,null,null,"kmol/h",{"$f":"F172*I155","v":0},{"$f":"L179","v":0},{"$f":"L179","v":0}]
[]
[]
[null,null,null,"Reaction 4",null,null,null,null,null,null,null,"Reaction 10"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Extractives -Solid",null,"Extractives mixed",null,null,null,null,null,"Xylose",null,"Furfural","Water"]
[null,null,"kg/h",{"$f":"$D$8*D15*I150","v":0},null,{"$f":"D185","v":0},null,null,null,null,"kg/h",{"$f":"L186*M154","v":0},null,{"$f":"N186*M155","v":0},{"$f":"O186*M157","v":0}]
[null,null,"kmol/h",{"$f":"D185/M150","v":0},null,{"$f":"F185/M150","v":0},null,null,null,null,"kmol/h",{"$f":"N179*I156","v":0},null,{"$f":"L186","v":0},{"$f":"3*L186","v":0}]
[]
[]
[null,null,null,"Reaction 5",null,null,null,null,null,null,null,"Reaction 11"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Others -Solid",null,"Others mixed",null,null,null,null,null,"Glucose",null,"Water","HMF"]
[null,null,"kg/h",{"$f":"$D$8*D16*I151","v":0},null,{"$f":"D192","v":0},null,null,null,null,"kg/h",{"$f":"L193*M152","v":0},null,{"$f":"N193*M157","v":0},{"$f":"O193*M156","v":0}]
[null,null,"kmol/h",{"$f":"D192/M151","v":0},null,{"$f":"F192/M151","v":0},null,null,null,null,"kmol/h",{"$f":"(F200+N172)*I157","v":0},null,{"$f":"3*L193","v":0},{"$f":"L193","v":0}]
[]
[]
[null,null,null,"Reaction 6",null,null,null,null,null,null,null,"Reaction 12"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Cellulose mixed","Water","Glucose",null,null,null,null,null,"Ash solid",null,"Ash solube"]
[null,null,"kg/h",{"$f":"D200*M147","v":0},{"$f":"E200*M157","v":0},{"$f":"F200*M152","v":0},null,null,null,null,"kg/h",{"$f":"$D$8*D14*I158","v":0},null,{"$f":"L199","v":0}]
[null,null,"kmol/h",{"$f":"F165*I152","v":0},{"$f":"D200","v":0},{"$f":"D200","v":0},null,null,null,null,"kmol/h"]
[]
[]
[null,null,null,null,null,"kg/h"]
[null,null,null,"Input","Liquid","Solid"]
[null,null,"Cellulose",{"$f":"$D$8*D11","v":0},0,{"$f":"D205-D164","v":0}]
[null,null,"Xylan",0,0,{"$f":"D206-D171","v":0}]
[null,null,"Lignin",0,{"$f":"F178","v":0},{"$f":"D207-E207","v":0}]
[null,null,"Ash",0,{"$f":"N199","v":0},{"$f":"D208-E208","v":0}]
[null,null,"Extractives",0,{"$f":"F185","v":0},{"$f":"D209-E209","v":0}]
[null,null,"Others ",0,{"$f":"F192","v":0},{"$f":"D210-E210","v":0}]
[null,null,"Glucose",0,{"$f":"F199-L192","v":0},0]
[null,null,"Xylose",0,{"$f":"N178-L185","v":0},0]
[null,null,"Furfural",0,{"$f":"N185","v":0},0]
[null,null,"HMF",0,{"$f":"O192","v":0},0]
[null,null,"Water",{"$f":"(C30-D8)+C32+C33","v":500000},{"$f":"D215-E199-M171-M178+O185+N192","v":500000},0]
[null,null,"Sulfuric acid",{"$f":"C31","v":0},{"$f":"D216","v":0},0]
[null,null,"Total",{"$f":"SUM(D205:D216)","v":500000},{"$f":"SUM(E205:E216)","v":500000},{"$f":"SUM(F205:F216)","v":0}]
[]
[null,null,null,{"$f":"D217-E217-F217","v":0}]
[]
[null,null,"Enzymatic hydrolysis"]
[]
[null,null,"Enzyme dosage"]
[null,null,0.05,"kg enzyme/kg solid at entrance hydrolysis reactor",null,null,null,"Based on Novozymes Recommendations",null,null,null,"http://bioenergy.novozymes.com/en/cellulosic-ethanol/CellicCTec3/Documents/AS_2010-01668-03.pdf"]
[]
[null,null,"Water for dilution enzy,atic hydrolysis"]
[null,null,2.66,"kg water/kg solid"]
[]
[null,null,null,null,null,null,null,null,"Conversion"]
[null,null,"reaction","CELLULOSE + WATER(MIXED)   -->  GLUCOSE(MIXED)",null,null,null,null,0.82]
[]
[null,null,null,"Reaction 6"]
[null,null,null,"Reactants",null,"Products"]
[null,null,null,"Cellulose mixed","Water","Glucose"]
[null,null,"kg/h",{"$f":"F205*I230","v":0},{"$f":"E236*M157","v":0},{"$f":"F236*M152","v":0}]
[null,null,"kmol/h",{"$f":"D235/M147","v":0},{"$f":"D236","v":0},{"$f":"D236","v":0}]
[]
[]
[null,null,null,"Input","Liquid","Lignin"]
[null,null,"Cellulose",{"$f":"F205","v":0},0,{"$f":"D240-D235","v":0}]
[null,null,"Xylan",{"$f":"F206","v":0},0,{"$f":"D241","v":0}]
[null,null,"Galactan",{"$f":"L164","v":0},0,{"$f":"D242","v":0}]
[null,null,"Lignin",{"$f":"F207","v":0},0,{"$f":"D243","v":0}]
[null,null,"Ash",{"$f":"F208","v":0},0,{"$f":"D244","v":0}]
[null,null,"Enzyme",{"$f":"M25","v":0},0,0]
[null,null,"Water",{"$f":"M26","v":0},{"$f":"D246-E235+D245","v":0},0]
[null,null,"Glucose",0,{"$f":"F235","v":0},0]
[null,null,"Total",{"$f":"SUM(D240:D247)","v":0},{"$f":"SUM(E240:E247)","v":0},{"$f":"SUM(F240:F247)","v":0}]
[]
[null,null,null,"Difference"]
[null,null,null,{"$f":"D248-E248-F248","v":0}]
[]
[null,null,"Fermentation"]
[]
[null,null,"Ammonia",{"$f":"340/42688/0.25","v":3.1859070464767617E-2},"kg Ammonia/kg sugars ferm",null,null,"ammonia @ 25%"]
[]
[]
[]
[]
[null,null,null,"Assuming 80% of theoretical yields for ethanol (based on average values of different publications"]
[null,null,"from Xylose",{"$f":"0.51*80%","v":0.40800000000000003},null,"CO2",0.48857434667732408,"kg/kg xylose",null,null,"Biomass yield",null,null,"CO2 from biomass"]
[null,null,"from Glucose",{"$f":"0.51*80%","v":0.40800000000000003},null,"CO2",0.48857434667732408,"kg/kg glucose",null,null,0.13,"g biomass/ g Etanol",null,0.92300538794167575,"g CO2/g biomass"]
[]
[]
[null,null,"For fermentation  -  kg/h",null,null,null,{"$f":"0.8*0.51","v":0.40800000000000003}]
[null,null,null,"Input","Output"]
[null,null,"Glucose",{"$f":"F38+M39","v":0},{"$f":"0","v":0}]
[null,null,"Xylose",{"$f":"F39","v":0},0,null,null,null,{"$f":"9*1000/5000000","v":1.8E-3},"kg/L"]
[null,null,"Biomass",{"$f":"I272","v":0},{"$f":"D272-SUM(E267:E268,E270:E271)","v":0},null,{"$f":"E269+I272","v":0},null,"Biomass required feed"]
[null,null,"Ethanol",0,{"$f":"D262*D267 + D261*D268","v":0},null,null,null,{"$f":"I268/0.789","v":2.2813688212927753E-3},"kg/kg Ethanol"]
[null,null,"CO2",0,{"$f":"1.1*E270","v":0}]
[null,null,"Total",{"$f":"SUM(D267:D271)","v":0},{"$f":"SUM(E267:E271)","v":0},null,null,null,{"$f":"I270*E270","v":0},"kg/h"]
[]
[]
[null,null,null,null,{"$f":"D272-E272","v":0}]

{"sheet":"B_SE_FS4","index":98,"n_rows":275,"n_cols":42,"rows_kept":275,"cut":false,"hidden":true,"merged":[]}
[]
[null,null,"Calculations of Mass and Energy Balances - Steam Explosion"]
[]
[]
[null,"Feedstock",{"$f":"+'Data Entry Needs'!$H$11","v":" "},"Operating h per year",null,{"$f":"+'Data Entry Needs'!$G$43*24","v":0},"h/year"]
[]
[null,null,"Biomass Flowrate - dry basis - Caculus base"]
["`",null,null,100000,"kg/h"]
[]
[null,null,"Biomass composition - dry basis "]
[null,2,"Cellulose",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B11,FALSE),0)","v":0},"wt"]
[null,3,"Hemicellulose",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B12,FALSE),0)","v":0},"wt"]
[null,4,"Lignin",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B13,FALSE),0)","v":0},"wt"]
[null,5,"Ash",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B14,FALSE),0)","v":0},"wt"]
[null,6,"Extractives",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B15,FALSE),0)","v":0},"wt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Multiplier cogeneration"]
[null,7,"Others ",{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$36,$B16,FALSE),0)","v":0},"wt",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,{"$f":"Allocator!I18","v":1}]
[null,null,"Total",{"$f":"SUM(D11:D16)","v":0}]
[]
[null,null,"Moisture content"]
[null,10,null,{"$f":"IFERROR(+HLOOKUP($C$5,'dummy database'!$L$30:$AB$39,$B20,FALSE),0)","v":0},"wt"]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Summary of mass balances for base capacity",null,null,null,null,"Summary of energy balances for base capacity",null,null,null,null,null,null,"Mass balances at selected capacities"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Balance including cogeneration unit",null,null,null,null,null,null,"Capacities - ML/y",5,null,25,null,50,null,100]
[null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(M25:M26)","v":0},"kg/h",null,null,null,null,null,null,null,"Ethanol Plant",null,null,null,null,"Utility type","Required","Produced","Net Energy"]
[null,null,null,null,null,null,null,null,null,null,null,"Enzyme",{"$f":"C224*F217","v":0},"kg/h",null,null,null,null,null,null,null,"Stream","Inputs - kg/h","Outputs - kg/h",null,null,"Steam - MJ/h",{"$f":"D82*D8 + W29*2.2026","v":428260},{"$f":"J110*D8*AA16","v":{"$error":"#DIV/0!"}},{"$f":"AB25-AC25","v":{"$error":"#DIV/0!"}},null,null,null,"Ethanol Plant"]
[null,null,null,null,null,null,null,null,null,null,null,"Water",{"$f":"C227*F217","v":0},"kg/h",null,null,null,null,null,null,null,"Biomass",{"$f":"C30","v":100000},0,null,null,"Electricity - kWh/h",{"$f":"D85*D8","v":20000},{"$f":"J107*D8*AA16","v":{"$error":"#DIV/0!"}},{"$f":"(AB26-AC26)","v":{"$error":"#DIV/0!"}},null,null,null,"Capacity","5 ML",null,"25 ML",null,"50 ML",null,"100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sulfuric Acid",{"$f":"C31","v":0},0,null,null,"Be carefull, steam for pretreatment included as utility",null,null,null,null,null,null,"Stream","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",null,null,null,null,null,"Water",{"$f":"C32+M26-L61-N61","v":0},0,null,null,null,null,null,null,null,null,null,"Biomass",{"$f":"W58*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X58*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W58*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X58*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W58*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X58*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W58*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X58*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,"Cellulose",{"$f":"F205","v":0},"kg/h",null,null,null,null,"Cellulose",{"$f":"F240","v":0},"kg/h",null,null,null,"Steam",{"$f":"C33","v":100000},0,null,null,"Summary of external energy requiremens",null,null,null,null,null,null,"Sulfuric Acid",{"$f":"W59*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W59*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W59*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W59*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,"Biomass (wet)",{"$f":"(D8/((1-D20)/1))","v":100000},"kg/h",null,null,null,null,"Xylan",{"$f":"F206","v":0},"kg/h",null,null,null,null,"Hemicellulose",{"$f":"F241","v":0},"kg/h",null,null,null,"Ammonia",{"$f":"I40","v":0},0,null,null,"Steam - MJ/h",{"$f":"IF(AD25<0,0,AD25)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Sulfuric Acid",{"$f":"D8*C134","v":0},"kg/h",null,null,null,null,"Lignin",{"$f":"F207","v":0},"kg/h",null,null,null,null,"Lignin",{"$f":"F243","v":0},"kg/h",null,null,null,"Enzyme",{"$f":"M25","v":0},0,null,null,"Electricity - kWh/h",{"$f":"IF(AD26<0,0,AD26)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Water",{"$f":"D8*C138","v":400000},"kg/h",null,null,null,null,"Ash",{"$f":"F208","v":0},"kg/h",null,null,null,null,"Ash",{"$f":"F244","v":0},"kg/h",null,null,null,"Yeast",{"$f":"I39","v":0},{"$f":"Q45","v":0},null,null,null,null,null,null,null,null,null,"Ammonia",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Steam",{"$f":"D8*C141","v":100000},"kg/h",null,null,null,null,"Total",{"$f":"SUM(J29:J32)","v":0},"kg/h",null,null,null,null,"Total",{"$f":"SUM(Q29:Q32)","v":0},"kg/h",null,null,null,"Lignin",0,{"$f":"Q33","v":0},null,null,"Summary of electricity Exports",null,null,null,null,null,null,"Enzyme",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,"Total",{"$f":"SUM(C30:C33)","v":600000},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",0,{"$f":"Q43","v":0},null,null,"Electricity - kWh/h",{"$f":"IF(AD26<0,-AD26,0)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Yeast",{"$error":"#DIV/0!"},null,{"$error":"#DIV/0!"},null,{"$error":"#DIV/0!"},null,{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"CO2",0,{"$f":"Q47","v":0},null,null,null,null,null,null,null,null,null,"Lignin",{"$error":"#DIV/0!"},{"$f":"(X65*$AI$23*1000000/(1000*1000)) +(X64*$AI$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"(X65*$AK$23*1000000/(1000*1000)) +(X64*$AK$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"(X65*$AM$23*1000000/(1000*1000)) +(X64*$AM$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"(X65*$AO$23*1000000/(1000*1000)) +(X64*$AO$23*1000000/(1000*1000))","v":{"$error":"#DIV/0!"}}]
[null,"Note: steam @ 10 bar",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sludge",0,{"$f":"Q56","v":100000},null,null,null,null,null,null,null,null,null,"Ethanol",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Water",{"$f":"E215","v":500000},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W26:W36)","v":200000},{"$f":"SUM(X26:X36)","v":100000},null,null,null,null,null,null,null,null,null,"CO2",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Glucose",{"$f":"E211","v":0},"kg/h",null,null,null,null,"Water",{"$f":"E246","v":0},"kg/h",null,{"$f":"J33+M24-Q33-M40","v":0},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sludge",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Xylose",{"$f":"E212","v":0},"kg/h","Biomass",{"$f":"D269","v":0},"kg/h",null,"Glucose",{"$f":"E247","v":0},"kg/h",null,null,null,null,null,null,null,"Cogeneration Plant",null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI28:AI38)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AJ28:AJ38)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,"Others",{"$f":"E209+E213+E214+E216+E208+E210","v":0},"kg/h","Ammonia",{"$f":"D255*(F38+F39+M39)","v":0},"kg/h",null,"Total",{"$f":"SUM(M38:M39)","v":0},"kg/h",null,null,null,null,null,null,null,"Stream","Inputs - kg/h","Outputs - kg/h",null,null,null,null,null,null,null,null,null,"Cogeneration Plant"]
[null,null,null,null,"Total",{"$f":"SUM(F37:F40)","v":500000},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",{"$f":"X33","v":0},0,null,null,null,null,null,null,null,null,null,"Capacity","5 ML",null,"25 ML",null,"50 ML",null,"100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"X32","v":0},0,null,null,null,null,null,null,null,null,null,"Stream","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y","Inputs - kt/y","Outputs - kt/y"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",{"$f":"E270","v":0},"kg/h",null,null,null,"Water",{"$f":"H118","v":{"$error":"#DIV/0!"}},0,null,null,null,null,null,null,null,null,null,"Lignin",{"$f":"W73*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W73*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W73*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"W73*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$f":"X73*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Air",{"$f":"H119","v":0},0,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"W74*$AI$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W74*$AK$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W74*$AM$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$f":"W74*$AO$23*1000000/(1000*1000)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"E269","v":0},"kg/h",null,null,null,"Flue gas",0,{"$f":"K117","v":0},null,null,null,null,null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"C34-F41-J33","v":100000},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Steam",0,{"$f":"K118","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Air",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,{"$f":"F41+I39+I40+M40-Q43-Q45-Q47-M49","v":0},null,null,null,null,null,null,"CO2",{"$f":"E271","v":0},"kg/h",null,null,null,"Ash",0,{"$f":"K119","v":0},null,null,null,null,null,null,null,null,null,"Flue gas",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W41:W47)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(X41:X47)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,"Stillage",{"$f":"M38+F37+F40+I40","v":500000},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ash",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI43:AI49)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(AJ43:AJ49)","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,"Stillage composition after fermentation"]
[null,null,"Water",{"$f":"F37+M38","v":500000},"kg/h",null,null,null,null,null,null,null,null,null,null,"Sludge",null,null,"waste",null,null,"Normalized Mass and Energy Balances - Balances used for any capacity",null,null,null,null,null,null,null,null,null,null,null,"Energy balances at selected capacities"]
[null,null,"Ammonia",{"$f":"I40","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Water",{"$f":"D52-L61-N61","v":100000},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Balances including both ethanol and cogeneration plants"]
[null,null,"Extractives",{"$f":"E209","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Others",{"$f":"D58+D59","v":0},"kg/h",null,null,null,"Mass Balances",null,null,null,null,"Energy Requirements",null,null,null,null,null,null,"Capacity","5 ML",null,"25 ML",null,"50 ML",null,"100 ML"]
[null,null,"Others ",{"$f":"E210","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Organics",{"$f":"SUM(D53:D57)","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Utility type","Required","For sales","Required","For sales","Required","For sales","Required","For sales"]
[null,null,"Furfural",{"$f":"E213","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(Q53:Q55)","v":100000},"kg/h",null,null,null,"Ethanol Plant",null,null,null,null,"Summary of external energy requiremens",null,null,null,null,null,null,"Steam - MJ/y",{"$f":"$AB$57*$AI$23*1000000","v":{"$error":"#DIV/0!"}},0,{"$f":"$AB$57*$AK$23*1000000","v":{"$error":"#DIV/0!"}},0,{"$f":"$AB$57*$AM$23*1000000","v":{"$error":"#DIV/0!"}},0,{"$f":"$AB$57*$AO$23*1000000","v":{"$error":"#DIV/0!"}},0]
[null,null,"HMF",{"$f":"E214","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Stream","Inputs - kg/L EtOH","Outputs - kg/L EtOH",null,null,"Steam - MJ/L EtOH",{"$f":"AB30/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Electricity - kWh/y",{"$f":"$AB$58*$AI$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AI$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$58*$AK$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AK$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$58*$AM$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AM$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$58*$AO$23*1000000","v":{"$error":"#DIV/0!"}},{"$f":"$AB$61*$AO$23*1000000","v":{"$error":"#DIV/0!"}}]
[null,null,"Ash",{"$f":"E208","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Biomass (wet)",{"$f":"W26/$P$72","v":{"$error":"#DIV/0!"}},{"$f":"X26/$P$72","v":{"$error":"#DIV/0!"}},null,null,"Electricity - kWh/L EtOH",{"$f":"AB31/$P$72","v":{"$error":"#DIV/0!"}}]
[null,null,"Acid",{"$f":"E216","v":0},"kg/h",null,null,null,null,null,null,null,null,null,null,null,{"$f":"M49-L61-N61-Q56","v":0},null,null,null,null,"Sulfuric Acid",{"$f":"W27/$P$72","v":{"$error":"#DIV/0!"}},{"$error":"#DIV/0!"}]
[null,null,"Total",{"$f":"SUM(D52:D59)","v":500000},"kg/h",null,null,null,null,null,null,null,null,"water to hydrolysis",null,null,null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Summary of electricity Exports"]
[null,null,null,null,null,null,null,null,null,null,"Rec. Water",{"$f":"D8*C138","v":400000},"kg/h",{"$f":"C227*F217","v":0},"kg/h",null,null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Electricity - kWh/L EtOH",{"$f":"AB34/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Capital Investment"]
[null,null,null,null,null,null,null,null,null,null,null,"Be carefull recovered water to be recycled",null,null,null,null,null,null,null,null,null,"Ammonia",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Base case capacity ","63 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Enzyme",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Capex Cogeneration","USD",null,"Capex Ethanol Plant","USD",null,"Cogeneration Capex factor"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Buildings",{"$f":"32000000*4%*AO64","v":3199999.9999999991},null,"Buildings",{"$f":"32000000*96%","v":30720000},null,{"$f":"Allocator!I23","v":"Simple"},{"$f":"Allocator!J27","v":2.4999999999999991}]
[null,null,null,"Balance check",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Energy produced in cogeneration",null,null,null,null,null,null,"Plant and Equipment",{"$f":"125700000*4%*AO64","v":12569999.999999996},null,"Plant and Equipment",{"$f":"125700000*96%","v":120672000}]
[null,null,"kg/h","Inputs","Outputs","Difference",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ethanol",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,{"$f":"C34+I40+M24+I39","v":600000},{"$f":"Q43+Q45+Q47+Q33+Q56+N61+L61","v":500000},{"$f":"D67-E67","v":100000},null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"CO2",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Summary of energy produced in cogeneration",null,null,null,null,null,null,"Total investment costs: Ethanol + Cogeneration systems"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Sludge",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,"Steam - MW/ML/y EtOH",{"$f":"(AC25/3600)/(P72*'Data Entry Needs'!$G$43*24/1000000)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Capacity","5 ML","25 ML","50 ML","100 ML"]
[null,null,"Summary",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W58:W68)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(X58:X68)","v":{"$error":"#DIV/0!"}},null,null,"Electricity - kW/ML/y EtOH",{"$f":"(AC26*3.6*1000/3600)/(P72*'Data Entry Needs'!$G$43*24/1000000)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,"Buildings - USD",{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(5/63)^0.6,-3)","v":7418000},{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(25/63)^0.6,-3)","v":19482000},{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(50/63)^0.6,-3)","v":29528000},{"$f":"ROUNDUP((($AA$16*$AI$64)+$AL$64)*(100/63)^0.6,-3)","v":44757000}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant and Equipment - USD",{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(5/63)^0.6,-3)","v":29136000},{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(25/63)^0.6,-3)","v":76525000},{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(50/63)^0.6,-3)","v":115990000},{"$f":"ROUNDUP((($AA$16*$AI$65)+$AL$65)*(100/63)^0.6,-3)","v":175808000}]
[null,null,"Ethanol yield",null,null,null,null,null,"Water requirements",null,null,null,null,null,null,"Liters of ethanol produced",null,null,null,null,null,"Cogeneration Plant",null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI69:AI70)","v":36554000},{"$f":"SUM(AJ69:AJ70)","v":96007000},{"$f":"SUM(AK69:AK70)","v":145518000},{"$f":"SUM(AL69:AL70)","v":220565000}]
[null,null,{"$f":"Q43/D8","v":0},"kg/kg RM (dry basis)",null,null,null,null,{"$f":"(C32+M26-L61-N61)/Q43","v":{"$error":"#DIV/0!"}},"m3/t ethanol",null,null,null,null,null,{"$f":"Q43*1000/(789)","v":0},"L/h",null,null,null,null,"Stream","Inputs - kg/L EtOH","Outputs - kg/L EtOH"]
[null,null,{"$f":"(C72/789)*(1000)*1000","v":0},"L/t RM dry",null,null,null,null,"After recycling water recovered from water treatment",null,null,null,null,null,null,null,null,null,null,null,null,"Lignin",{"$f":"W41/$P$72","v":{"$error":"#DIV/0!"}},{"$f":"X41/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Investment costs: Cogeneration systems"]
[null,null,{"$f":"P72*1000/C30","v":0},"L/t RM wet",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Yeast",{"$f":"W42/$P$72","v":{"$error":"#DIV/0!"}},{"$f":"X42/$P$72","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Capacity","5 ML","25 ML","50 ML","100 ML"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Water",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Buildings - USD",{"$f":"ROUNDUP((($AI$64))*(5/63)^0.6,-3)","v":700000},{"$f":"ROUNDUP((($AI$64))*(25/63)^0.6,-3)","v":1838000},{"$f":"ROUNDUP((($AI$64))*(50/63)^0.6,-3)","v":2786000},{"$f":"ROUNDUP((($AI$64))*(100/63)^0.6,-3)","v":4223000}]
[null,null,"Lignin Yield",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Air",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Plant and Equipment - USD",{"$f":"ROUNDUP((($AI$65))*(5/63)^0.6,-3)","v":2749000},{"$f":"ROUNDUP((($AI$65))*(25/63)^0.6,-3)","v":7220000},{"$f":"ROUNDUP((($AI$65))*(50/63)^0.6,-3)","v":10943000},{"$f":"ROUNDUP((($AI$65))*(100/63)^0.6,-3)","v":16586000}]
[null,null,{"$f":"Q33/Q43","v":{"$error":"#DIV/0!"}},"kg/kg EtOh",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Flue gas",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(AI75:AI76)","v":3449000},{"$f":"SUM(AJ75:AJ76)","v":9058000},{"$f":"SUM(AK75:AK76)","v":13729000},{"$f":"SUM(AL75:AL76)","v":20809000}]
[null,null,{"$f":"Q33/D8","v":0},"kg/kg RM (dry basis)",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Steam",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Ash",{"$error":"#DIV/0!"},{"$error":"#DIV/0!"},null,null,null,null,null,null,null,null,null,"Performance cogeneration system"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Total",{"$f":"SUM(W73:W79)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(X73:X79)","v":{"$error":"#DIV/0!"}},null,null,null,null,null,null,null,null,null,"Capacity","5 ML","25 ML","50 ML","100 ML"]
[null,null,"Energy requirements",null,null,null,null,null,"Energy requirements",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Electricity Capacity (kW)",{"$f":"$AB$69*5","v":{"$error":"#DIV/0!"}},{"$f":"$AB$69*25","v":{"$error":"#DIV/0!"}},{"$f":"$AB$69*50","v":{"$error":"#DIV/0!"}},{"$f":"$AB$69*100","v":{"$error":"#DIV/0!"}}]
[null,null,"Heating",2.08,"MJ/kg RM (dry basis)",null,null,null,"Heating",{"$f":"(D82*D8/Q43)*0.789","v":{"$error":"#DIV/0!"}},"MJ/L Ethanol",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Heat Capacity (MW)",{"$f":"$AB$68*5","v":{"$error":"#DIV/0!"}},{"$f":"$AB$68*25","v":{"$error":"#DIV/0!"}},{"$f":"$AB$68*50","v":{"$error":"#DIV/0!"}},{"$f":"$AB$68*100","v":{"$error":"#DIV/0!"}}]
[null,null,"Cooling",0,"MJ/kg RM (dry basis)",null,null,null,"Cooling",{"$f":"(D83*D8/Q43)*0.789","v":{"$error":"#DIV/0!"}},"MJ/L Ethanol",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant Electricity Demand Supplied",{"$f":"IF(AD26<0,1,1-(AD26/AB26))","v":{"$error":"#DIV/0!"}},{"$f":"$AI$83","v":{"$error":"#DIV/0!"}},{"$f":"$AI$83","v":{"$error":"#DIV/0!"}},{"$f":"$AI$83","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Plant Heat Demand Supplied",{"$f":"IF(AD25<0,1,1-(AD25/AB25))","v":{"$error":"#DIV/0!"}},{"$f":"$AI$84","v":{"$error":"#DIV/0!"}},{"$f":"$AI$84","v":{"$error":"#DIV/0!"}},{"$f":"$AI$84","v":{"$error":"#DIV/0!"}}]
[null,null,"Electricity",0.2,"kWh/kg RM (dry basis)",null,null,null,"Electricity",{"$f":"(D85*$D$8/$Q$43)","v":{"$error":"#DIV/0!"}},"kWh/kg EtOH",null,"equal to MWh/t ethanol",null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Electricity Surplus (% of total produced)",{"$f":"IF(AD26>0,0,(ABS(AD26))/AC26)","v":{"$error":"#DIV/0!"}},{"$f":"$AI$85","v":{"$error":"#DIV/0!"}},{"$f":"$AI$85","v":{"$error":"#DIV/0!"}},{"$f":"$AI$85","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,null,null,"Electricity",{"$f":"J85*0.789","v":{"$error":"#DIV/0!"}},"kWh/L"]
[]
[null,null,"Not integrated "]
[]
[]
[null,null,"Cogeneration"]
[null,null,"Turbine Eff",null,{"$f":"Allocator!$I$15","v":0.85}]
[null,null,"Electrical efficiency",null,{"$f":"Allocator!$J$24","v":0.2},null,"Multiplier sensitivity to include organics"]
[null,null,"Thermal Efficiency",null,{"$f":"Allocator!$J$25","v":0.2},null,0,null,null,null,null,null,"Heating value Steam"]
[null,null,null,null,{"$f":"(E94-E93)/(1-(E93/E92))","v":0},null,null,null,null,null,null,null,{"$f":"2.2026","v":2.2025999999999999},"MJ/kg"]
[null,null,null,null,null,null,"Lignin composition - free of Ash"]
[null,null,"Low heating values (LHV) - Moisture 0%",null,null,null,null,"kg/h","mass fraction","Heating Value",null,"MJ/h"]
[null,null,"Cellulose",17,"MJ/kg",null,"Cellulose",{"$f":"Q29","v":0},{"$f":"H98/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I98*D98","v":{"$error":"#DIV/0!"}},null,{"$f":"H98*D98","v":0}]
[null,null,"Hemicellulose",16,"MJ/kg",null,"Hemicellulose",{"$f":"Q30","v":0},{"$f":"H99/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I99*D99","v":{"$error":"#DIV/0!"}},null,{"$f":"H99*D99","v":0},null,null,"Air",{"$f":"2*H103","v":0},"kg/h"]
[null,null,"Lignin",25,"MJ/kg",null,"Lignin",{"$f":"Q31","v":0},{"$f":"H100/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I100*D100","v":{"$error":"#DIV/0!"}},null,{"$f":"H100*D100","v":0}]
[null,null,"Cell Biomass",16,"MJ/kg",null,"Cell Biomass",{"$f":"Q45","v":0},{"$f":"H101/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I101*D101","v":{"$error":"#DIV/0!"}},null,{"$f":"H101*D101","v":0},null,null,"Flue gas",{"$f":"P99+H103","v":0},"kg/h"]
[null,null,"Organics",17,"MJ/kg",null,"Organics",{"$f":"Q55*G94","v":0},{"$f":"H102/$H$103","v":{"$error":"#DIV/0!"}},{"$f":"I102*D102","v":{"$error":"#DIV/0!"}},null,{"$f":"H102*D102","v":0}]
[null,null,null,null,null,null,"Total",{"$f":"SUM(H98:H102)","v":0},{"$f":"SUM(I98:I102)","v":{"$error":"#DIV/0!"}},{"$f":"SUM(J98:J102)","v":{"$error":"#DIV/0!"}},"MJ/kg"]
[null,null,null,null,null,null,null,null,null,{"$f":"J103*(H98+H99+H100+H101+H102)","v":{"$error":"#DIV/0!"}},"MJ/h",{"$f":"SUM(L98:L102)","v":0}]
[]
[]
[null,null,"Electricty produced",null,null,null,null,null,"Electricity produced",{"$f":"(C108/D8/3.6)","v":{"$error":"#DIV/0!"}},"kWh/kg RM (dry basis)"]
[null,null,{"$f":"E94*J104 -C111","v":{"$error":"#DIV/0!"}},"MJ/h",null,null,null,null,"Produced"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Steam produced",{"$f":"C111/M95","v":{"$error":"#DIV/0!"}},"kg/h"]
[null,null,"Steam produced",null,null,null,null,null,"Steam produced",{"$f":"(C111/D8)","v":{"$error":"#DIV/0!"}},"MJ/kg RM (dry basis)"]
[null,null,{"$f":"J104*E95","v":{"$error":"#DIV/0!"}},"MJ/h",null,null,null,null,"Produced"]
[]
[]
[null,null,null,"Mass balance cogeneration Unit"]
[]
[null,null,null,null,null,null,null,"Input kg/h",null,null,"ouput kg/h"]
[null,null,null,null,null,null,"Solids",{"$f":"H103+Q32","v":0},null,"Flue gas",{"$f":"P101","v":0}]
[null,null,null,null,null,null,"Water",{"$f":"P109","v":{"$error":"#DIV/0!"}},null,"Steam",{"$f":"P109","v":{"$error":"#DIV/0!"}}]
[null,null,null,null,null,null,"Air",{"$f":"P99","v":0},null,"Ash",{"$f":"Q32","v":0}]
[null,null,null,null,null,null,"Total",{"$f":"SUM(H117:H119)","v":{"$error":"#DIV/0!"}},null,"Total",{"$f":"SUM(K117:K119)","v":{"$error":"#DIV/0!"}}]
[]
[null,null,null,null,null,null,null,{"$f":"H120-K120","v":{"$error":"#DIV/0!"}}]
[]
[]
[]
[]
[]
[]
[]
[]
[null,null,"Relations and calculations"]
[null,null,null,null,null,null,null,null,"Acid concetration"]
[null,null,"Sulfuric acid - before pretreatment",null,null,null,null,null,0.5,"% (w/v)",{"$f":"(I133/100)","v":5.0000000000000001E-3},"kg/L solución",null,0.02,"kg/kg solucion"]
[null,null,0,"kg/kg biomass (dry)",null,null,null,null,null,null,null,null,"mass frac"]
[null,null,"pure sulfuric acid, valid for all biomasses",null,null,null,null,null,null,null,"Acido sulfurico",{"$f":"K133*1000","v":5},{"$f":"L135/L137","v":5.0000000000000001E-3}]
[null,null,null,null,null,null,null,null,null,null,"Agua",{"$f":"1000-L135","v":995},{"$f":"L136/L137","v":0.995}]
[null,null,"Water for biomass dilution prior pretreatment",null,null,null,null,null,null,null,"Solucion ",1000]
[null,null,4,"kg water/kg biomass",null,null,null,"liquid/solid ratio"]
[null,null,null,null,null,null,null,5]
[null,null,"Steam for pretreatmet "]
[null,null,1,"kg steam/kg dry biomass"]
[null,null,"Steam at 180 ºC"]
[]
[null,null,"Pretreatment conversions and reactions"]
[]
[null,null,"reactions",null,null,null,null,null,"Conversion ",null,null,"Compounds","MW"]
[null,null,"reaction 1","CELLULOS(CIPSD)   -->  CELLULOS(MIXED)",null,null,null,null,1.6E-2,null,null,"Cellulose",162.14241999999999]
[null,null,"reaction 2","HEMICELL(CIPSD)   -->  HEMICELL(MIXED)",null,null,null,null,0.75,null,null,"Hemicellulose",132.11612]
[null,null,"reaction 3","LIGNIN(CIPSD)   -->  LIGNIN(MIXED)",null,null,null,null,0,null,null,"Lignin",122.49299999999999]
[null,null,"reaction 4","Extractives (CIPSD)   -->  Extractives(MIXED)",null,null,null,null,1,null,null,"Extractives",282.46676000000002]
[null,null,"reaction 5","Others(CIPSD)   -->  Others(MIXED)",null,null,null,null,1,null,null,"Others",170.12]
[null,null,"reaction 6","CELLULOS(MIXED)  + WATER(MIXED)   -->  GLUCOSE(MIXED)",null,null,null,null,1,null,null,"Glucose",180.15768]
[null,null,"reaction 7","Galactan(CIPSD)   -->  Galactan(MIXED)",null,null,null,null,{"$f":"I148","v":0.75},null,null,"Galactan",162.14241999999999]
[null,null,"reaction 8","Galactan(MIXED)  + WATER(MIXED)   -->  GLUCOSE(MIXED)",null,null,null,null,1,null,null,"Xylose",150.13140000000001]
[null,null,"reaction 9","HEMICELL(MIXED)  + WATER(MIXED)   -->  XYLOSE(MIXED)",null,null,null,null,1,null,null,"Furfural",96.085560000000001]
[null,null,"reaction 10","XYLOSE(MIXED)   -->  FURFURAL(MIXED) + 3 WATER(MIXED)",null,null,null,null,0.14000000000000001,null,null,"HMF",126.11]
[null,null,"reaction 11","GLUCOSE(MIXED)   -->  3 WATER(MIXED) + HMF(MIXED)",null,null,null,null,0.05,null,null,"Water",18.015280000000001]
[null,null,"reaction 12","Ash (non-soluble) --> Ash (soluble)",null,null,null,null,0.5]
[]
[null,null,null,"Molar balances each reaction"]
[null,null,null,"Reaction 1",null,null,null,null,null,null,null,"Reaction 7"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Cellulose -Solid",null,"Cellulose mixed",null,null,null,null,null,"GALACTAN -Solid",null,"Galactan mixed"]
[null,null,"kg/h",{"$f":"D8*D11*I147","v":0},null,{"$f":"D164","v":0},null,null,null,null,"kg/h",0,null,{"$f":"L164","v":0}]
[null,null,"kmol/h",{"$f":"D164/M147","v":0},null,{"$f":"F164/M147","v":0},null,null,null,null,"kmol/h",{"$f":"L164/M153","v":0},null,{"$f":"N164/M153","v":0}]
[]
[]
[null,null,null,"Reaction 2",null,null,null,null,null,null,null,"Reaction 8"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Hemicell -Solid",null,"Hemice mixed",null,null,null,null,null,"Galactan","water","glucose"]
[null,null,"kg/h",{"$f":"$D$8*D12*I148","v":0},null,{"$f":"D171","v":0},null,null,null,null,"kg/h",{"$f":"L172*M153","v":0},{"$f":"M172*M157","v":0},{"$f":"N172*M152","v":0}]
[null,null,"kmol/h",{"$f":"D171/M148","v":0},null,{"$f":"F171/M148","v":0},null,null,null,null,"kmol/h",{"$f":"N165*I154","v":0},{"$f":"L172","v":0},{"$f":"L172","v":0}]
[]
[]
[null,null,null,"Reaction 3",null,null,null,null,null,null,null,"Reaction 9"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Lignin -Solid",null,"Lignin mixed",null,null,null,null,null,"Hemicellulose","Water","Xylose"]
[null,null,"kg/h",{"$f":"$D$8*D13*I149","v":0},null,{"$f":"D178","v":0},null,null,null,null,"kg/h",{"$f":"L179*M148","v":0},{"$f":"M179*M157","v":0},{"$f":"N179*M154","v":0}]
[null,null,"kmol/h",{"$f":"D178/M149","v":0},null,{"$f":"F178/M149","v":0},null,null,null,null,"kmol/h",{"$f":"F172*I155","v":0},{"$f":"L179","v":0},{"$f":"L179","v":0}]
[]
[]
[null,null,null,"Reaction 4",null,null,null,null,null,null,null,"Reaction 10"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Extractives -Solid",null,"Extractives mixed",null,null,null,null,null,"Xylose",null,"Furfural","Water"]
[null,null,"kg/h",{"$f":"$D$8*D15*I150","v":0},null,{"$f":"D185","v":0},null,null,null,null,"kg/h",{"$f":"L186*M154","v":0},null,{"$f":"N186*M155","v":0},{"$f":"O186*M157","v":0}]
[null,null,"kmol/h",{"$f":"D185/M150","v":0},null,{"$f":"F185/M150","v":0},null,null,null,null,"kmol/h",{"$f":"N179*I156","v":0},null,{"$f":"L186","v":0},{"$f":"3*L186","v":0}]
[]
[]
[null,null,null,"Reaction 5",null,null,null,null,null,null,null,"Reaction 11"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Others -Solid",null,"Others mixed",null,null,null,null,null,"Glucose",null,"Water","HMF"]
[null,null,"kg/h",{"$f":"$D$8*D16*I151","v":0},null,{"$f":"D192","v":0},null,null,null,null,"kg/h",{"$f":"L193*M152","v":0},null,{"$f":"N193*M157","v":0},{"$f":"O193*M156","v":0}]
[null,null,"kmol/h",{"$f":"D192/M151","v":0},null,{"$f":"F192/M151","v":0},null,null,null,null,"kmol/h",{"$f":"(F200+N172)*I157","v":0},null,{"$f":"3*L193","v":0},{"$f":"L193","v":0}]
[]
[]
[null,null,null,"Reaction 6",null,null,null,null,null,null,null,"Reaction 12"]
[null,null,null,"Reactants",null,"Products",null,null,null,null,null,"Reactants",null,"Products"]
[null,null,null,"Cellulose mixed","Water","Glucose",null,null,null,null,null,"Ash solid",null,"Ash solube"]
[null,null,"kg/h",{"$f":"D200*M147","v":0},{"$f":"E200*M157","v":0},{"$f":"F200*M152","v":0},null,null,null,null,"kg/h",{"$f":"$D$8*D14*I158","v":0},null,{"$f":"L199","v":0}]
[null,null,"kmol/h",{"$f":"F165*I152","v":0},{"$f":"D200","v":0},{"$f":"D200","v":0},null,null,null,null,"kmol/h"]
[]
[]
[null,null,null,null,null,"kg/h"]
[null,null,null,"Input","Liquid","Solid"]
[null,null,"Cellulose",{"$f":"$D$8*D11","v":0},0,{"$f":"D205-D164","v":0}]
[null,null,"Xylan",0,0,{"$f":"D206-D171","v":0}]
[null,null,"Lignin",0,{"$f":"F178","v":0},{"$f":"D207-E207","v":0}]
[null,null,"Ash",0,{"$f":"N199","v":0},{"$f":"D208-E208","v":0}]
[null,null,"Extractives",0,{"$f":"F185","v":0},{"$f":"D209-E209","v":0}]
[null,null,"Others ",0,{"$f":"F192","v":0},{"$f":"D210-E210","v":0}]
[null,null,"Glucose",0,{"$f":"F199-L192","v":0},0]
[null,null,"Xylose",0,{"$f":"N178-L185","v":0},0]
[null,null,"Furfural",0,{"$f":"N185","v":0},0]
[null,null,"HMF",0,{"$f":"O192","v":0},0]
[null,null,"Water",{"$f":"(C30-D8)+C32+C33","v":500000},{"$f":"D215-E199-M171-M178+O185+N192","v":500000},0]
[null,null,"Sulfuric acid",{"$f":"C31","v":0},{"$f":"D216","v":0},0]
[null,null,"Total",{"$f":"SUM(D205:D216)","v":500000},{"$f":"SUM(E205:E216)","v":500000},{"$f":"SUM(F205:F216)","v":0}]
[]
[null,null,null,{"$f":"D217-E217-F217","v":0}]
[]
[null,null,"Enzymatic hydrolysis"]
[]
[null,null,"Enzyme dosage"]
[null,null,0.05,"kg enzyme/kg solid at entrance hydrolysis reactor",null,null,null,"Based on Novozymes Recommendations",null,null,null,"http://bioenergy.novozymes.com/en/cellulosic-ethanol/CellicCTec3/Documents/AS_2010-01668-03.pdf"]
[]
[null,null,"Water for dilution enzy,atic hydrolysis"]
[null,null,2.66,"kg water/kg solid"]
[]
[null,null,null,null,null,null,null,null,"Conversion"]
[null,null,"reaction","CELLULOSE + WATER(MIXED)   -->  GLUCOSE(MIXED)",null,null,null,null,0.82]
[]
[null,null,null,"Reaction 6"]
[null,null,null,"Reactants",null,"Products"]
[null,null,null,"Cellulose mixed","Water","Glucose"]
[null,null,"kg/h",{"$f":"F205*I230","v":0},{"$f":"E236*M157","v":0},{"$f":"F236*M152","v":0}]
[null,null,"kmol/h",{"$f":"D235/M147","v":0},{"$f":"D236","v":0},{"$f":"D236","v":0}]
[]
[]
[null,null,null,"Input","Liquid","Lignin"]
[null,null,"Cellulose",{"$f":"F205","v":0},0,{"$f":"D240-D235","v":0}]
[null,null,"Xylan",{"$f":"F206","v":0},0,{"$f":"D241","v":0}]
[null,null,"Galactan",{"$f":"L164","v":0},0,{"$f":"D242","v":0}]
[null,null,"Lignin",{"$f":"F207","v":0},0,{"$f":"D243","v":0}]
[null,null,"Ash",{"$f":"F208","v":0},0,{"$f":"D244","v":0}]
[null,null,"Enzyme",{"$f":"M25","v":0},0,0]
[null,null,"Water",{"$f":"M26","v":0},{"$f":"D246-E235+D245","v":0},0]
[null,null,"Glucose",0,{"$f":"F235","v":0},0]
[null,null,"Total",{"$f":"SUM(D240:D247)","v":0},{"$f":"SUM(E240:E247)","v":0},{"$f":"SUM(F240:F247)","v":0}]
[]
[null,null,null,"Difference"]
[null,null,null,{"$f":"D248-E248-F248","v":0}]
[]
[null,null,"Fermentation"]
[]
[null,null,"Ammonia",{"$f":"340/42688/0.25","v":3.1859070464767617E-2},"kg Ammonia/kg sugars ferm",null,null,"ammonia @ 25%"]
[]
[]
[]
[]
[null,null,null,"Assuming 80% of theoretical yields for ethanol (based on average values of different publications"]
[null,null,"from Xylose",{"$f":"0.51*80%","v":0.40800000000000003},null,"CO2",0.48857434667732408,"kg/kg xylose",null,null,"Biomass yield",null,null,"CO2 from biomass"]
[null,null,"from Glucose",{"$f":"0.51*80%","v":0.40800000000000003},null,"CO2",0.48857434667732408,"kg/kg glucose",null,null,0.13,"g biomass/ g Etanol",null,0.92300538794167575,"g CO2/g biomass"]
[]
[]
[null,null,"For fermentation  -  kg/h",null,null,null,{"$f":"0.8*0.51","v":0.40800000000000003}]
[null,null,null,"Input","Output"]
[null,null,"Glucose",{"$f":"F38+M39","v":0},{"$f":"0","v":0}]
[null,null,"Xylose",{"$f":"F39","v":0},0,null,null,null,{"$f":"9*1000/5000000","v":1.8E-3},"kg/L"]
[null,null,"Biomass",{"$f":"I272","v":0},{"$f":"D272-SUM(E267:E268,E270:E271)","v":0},null,{"$f":"E269+I272","v":0},null,"Biomass required feed"]
[null,null,"Ethanol",0,{"$f":"D262*D267 + D261*D268","v":0},null,null,null,{"$f":"I268/0.789","v":2.2813688212927753E-3},"kg/kg Ethanol"]
[null,null,"CO2",0,{"$f":"1.1*E270","v":0}]
[null,null,"Total",{"$f":"SUM(D267:D271)","v":0},{"$f":"SUM(E267:E271)","v":0},null,null,null,{"$f":"I270*E270","v":0},"kg/h"]
[]
[]
[null,null,null,null,{"$f":"D272-E272","v":0}]