| Abstract | 3 | 
    
      | Acronyms and Definitions | 6 | 
    
      | Executive Summary | 8 | 
    
      | 1 | Introduction | 10 | 
    
      |  | 1.1 | Process Flow Diagram | 11` | 
    
      | 1.2 | Typical Synthesis Gas Conversion | 11 | 
    
      |  | 1.2.1 | Balanced Synthesis Gas | 13 | 
    
      | 1.2.2 | Heavy Oil Residue Synthesis Gas | 13 | 
    
      | 1.2.3 | Coal-derived Synthesis Gas | 13 | 
    
      | 1.3 | Distillation | 17 | 
    
      |  | 1.3.1 | Chemical Grade AA Methanol | 17 | 
    
      | 1.3.2 | Fuel Grade Methanol | 17 | 
    
      | 1.3.3 | MTBE Grade Methanol | 17 | 
    
      | 2 | Cost Estimation Screening Program | 18 | 
    
      |  | 2.1 | Spreadsheet Inputs | 18 | 
    
      | 2.2 | Capital Cost Calculations | 18 | 
    
      | 2.3 | Operating Cost Calculations | 20 | 
    
      |  | 2.3.1 | Distillation Costs | 21 | 
    
      | 2.4 | Sample From Cost Estimation Screening Program
        - Case 5-HW | 22 | 
    
      | 3 | Results and Discussion | 26 | 
    
      |  | 3.1 | Conversion Cost for Methanol Production from
        Texaco-Type Synthesis Gas | 26 | 
    
      |  | 3.1.1 | Opimum Space Velocity as a Function of Operating Pressure | 26 | 
    
      | 3.1.2 | Methanol Conversion Cost from CO-rich Syngas
        - 500psig Feed Gas Pressure | 28 | 
    
      | 3.1.3 | Methanol Conversion Cost from CO-rich Syngas
        - 1,000psig Feed Gas Pressure | 34 | 
    
      | 3.1.4 | Effect of Plant Size on Methanol Conversion Cost | 40 | 
    
      | 3.2 | Methanol Product Purification Cost | 43 | 
    
      |  | 3.2.1 | Balanced Synthesis Gas | 43 | 
    
      | 3.2.2 | Texaco-Type Synthesis Gas | 52 | 
    
      | 3.2.3 | Shell-Type Synthesis Gas | 52 | 
    
      | 4 | Sensitivity Studies | 55 | 
    
      |  | 4.1 | Syngas Composition Variations - Impact on
        Liquid Phase and Gas Phase | 55 | 
    
      |  | 4.1.1 | Sulfur Content | 55 | 
    
      | 4.1.2 | Inert Content | 55 | 
    
      | 4.1.3 | Effect of Capacity Factor | 58 | 
    
      | 4.2 | Syngas Usage - Impact on IGCC Power Plant | 59 | 
    
      |  | 4.2.1 | Impact of Process on Syngas Usage | 59 | 
    
      | 4.2.2 | Impact of Mass Flow on Power | 60 | 
    
      | 5 | Examples of Cost of Methanol in IGCC
        Applications | 61 | 
    
      | 6 | Conclusions - Summary of Cost Advantages
        (LPMEOH™ Vs Gas Phase) | 63 | 
    
      | 7 | Future Improvements and Recommendations | 64 |