| EXECUTIVE SUMMARY |
viii |
| 1 |
Introduction |
1-1 |
| 2 |
The Fischer-Tropsch Process |
2-1 |
| |
2.1 |
Background |
2-1 |
| 2.2 |
Process Description |
2-2 |
| |
2.1.1 |
Products |
2-5 |
| 2.2.2 |
Inputs |
2-5 |
| 2.2.3 |
Energy Balance |
2-7 |
| 2.2.4 |
Construction Schedule |
2-9 |
| 3 |
Plant Location |
3-1 |
| |
3.1 |
Supply and Demand for Petroleum Products |
3-2 |
| |
3.1.1 |
Supply and Demand in 1977 |
3-2 |
| 3.1.2 |
Supply and Demand Forecasts |
3-4 |
| 3.2 |
Supply of Coal |
3-5 |
| 3.3 |
Optimization of Transportation |
3-5 |
| |
3.3.1 |
Materials and Quantities |
3-8 |
| 3.3.2 |
Coal Transportation System |
3-8 |
| 3.3.3 |
Motor Fuel Transportation System |
3-8 |
| 3.3.4 |
Other Products Transportation System |
3-8 |
| 3.3.5 |
Transportation Model |
3-15 |
| 3.3.6 |
Discussion of Results |
3-18 |
| 3.4 |
Sitting Criteria |
3-19 |
| |
3.4.1 |
Few Facilities Case |
3-20 |
| 3.4.2 |
Coal Liquids Industry Case |
3-22 |
| 3.4.3 |
Sites Selected |
3-25 |
| 4 |
Process Economics |
4-1 |
| |
4.1 |
Capitol Costs |
4-3 |
| 4.2 |
Operating Costs |
4-5 |
| 4.3 |
Revenue Required (Profitability) |
4-5 |
| 4.4 |
Economic Analysis-Baseline Results |
4-7 |
| 4.5 |
Effect of Uncertainties |
4-8 |
| 4.6 |
Effect of Possible Incentives |
4-14 |
| 4.7 |
Comparison with Methanol |
4-16 |
| |
| Appendix - Cash Flow Model |
| |
| INDEX OF EXHIBITS |
| ES-1 |
Sensitivity Analyses of Fischer-Tropsch Gasoline
Prices |
xi |
| 2-1 |
Simplified Diagram of Fischer-Tropsch Liquefaction
Process |
2-3 |
| 2-2 |
Product Yield of Fischer-Tropsch Facility |
2-6 |
| 2-3 |
Energy Balance of Fischer-Tropsch Facility (at 100%
Capacity) |
2-8 |
| 2-4 |
Selectivities of the Fischer-Tropsch Synthol Reactor |
2-10 |
| 2-5 |
Construction Schedule for Fischer-Tropsch Facility |
2-11 |
| 3-1 |
Petroleum Products Supply/Demand - 1977 |
3-3 |
| 3-2 |
Coalfields of the Conterminous United States |
3-6 |
| 3-3 |
Coal Production and Resources of the U.S. |
3-7 |
| 3-4 |
Coal Transportation Systems |
3-9 |
| 3-5 |
Modal Coal Transport costs (1985) |
3-10 |
| 3-6 |
Coal Movements by Water Overlaying Coalfields of the
Conterminous United States |
3-11 |
| 3-7 |
Coal Movements by Railroad Overlaying Coalfields of
the Conterminous United States |
3-12 |
| 3-8 |
Coal Slurry Pipeline Overlaying Coal-fields of the
Conterminous United States |
3-13 |
| 3-9 |
Petroleum Movement by Pipeline Overlaying Coalfields
of the Conterminous United States |
3-14 |
| 3-10 |
Transportation Costs for Different Materials |
3-17 |
| 3-11 |
Coal, Gasoline, and Pipeline Data for the 16
Coal-Rich States |
3-21 |
| 3-12 |
Characterization Parameters for Coal Liquefaction
Plants |
3-23 |
| 3-13 |
Characterization Parameters for Coal Liquefaction
Plants |
3-24 |
| 3-14 |
Representative Coals from PADS 2, 3, 4 |
3-26 |
| 4-1 |
Key Assumptions Used in the Cash Flow Model |
4-2 |
| 4-2 |
Input Assumptions Used in the Financial Analysis |
4-4 |
| 4-3 |
Basis for Capital Costs and Operating Costs |
4-6 |
| 4-4 |
Contribution to Annual Revenues |
4-9 |
| 4-5 |
Effect of Uncertainties on the Required Selling
Price of Gasoline from Coal |
4-10 |
| 4-6 |
Production Cost as a Function of Capital Cost and
Capital Structure (for an Illinois Location) |
4-12 |
| 4-7 |
Effect of Size of Fischer-Tropsch Plant on Process
Economics (Illinois Location) |
4-13 |
| 4-8 |
Effect of Financial Incentives on the Required
Selling Price of Fischer-Tropsch Gasoline |
4-15 |
| 4-9 |
Comparison of Fischer-Tropsch Gasoline with
Alternative Methods for Motor Fuel Production for Coal |
4-17 |
