| Tables | 
      iv | 
    
    
      | Figures | 
      iv | 
    
    
      | 1.0 | 
       Product Distribution from F-T Reactors | 
      1.1 | 
    
    
      | 2.0 | 
       New Technologies Applied to Light-Ends Upgrading | 
      2.1 | 
    
    
      |   | 
      2.1  | 
       LPG to Aromatics via the Cyclar Process | 
      2.1 | 
    
    
      | 2.2  | 
       Naphtha Upgrading via New Reforming Technologies | 
      2.1 | 
    
    
      | 
		 3.0  | 
       Task Descriptions | 
      3.1 | 
    
    
      |   | 
      3.1  | 
       Task 1.  Project Work Plan | 
      3.1 | 
    
    
      | 3.2  | 
       Task 2.  Feedstock Procurement and Analysis | 
      3.1 | 
    
    
      | 3.3  | 
       Task 3.  Feedstock Preparation | 
      3.1 | 
    
    
      | 3.4  | 
       Task 4.  Cyclar Processing Study | 
      3.2 | 
    
    
      | 3.5  | 
       Task 5.  Light-Paraffin Conversion Study | 
      3.3 | 
    
    
      | 3.6  | 
       Task 6.  Low-Pressure Platforming Process Study | 
      3.3 | 
    
    
      | 3.7  | 
       Task 7.  Economic Evaluation | 
      3.4 | 
    
    
      | 
		 4.0  | 
       Economics of Upgrading F-T Products | 
      4.1 | 
    
    
      |   | 
      4.1 | 
       Arge Products Upgrading | 
      4.1 | 
    
    
      | 4.2 | 
       Synthol Products Upgrading | 
      4.3 | 
    
    
      | 4.3 | 
       Sensitivity Analysis | 
      4.4 | 
    
    
      | 4.4 | 
       Summary | 
      4.4 | 
    
    
      | 
		 5.0  | 
       References | 
      5.1 | 
    
    
      | Appendix A.  Definition of Inside Battery Limit
        (ISBL)
        Costs | 
      A.1 | 
    
    
      | Appendix B.  Internal Rate of Return (IRR)
        Calculation Method | 
      B.1 | 
    
    
      | Appendix C.  Economic Analysis Tabulations | 
    
    
      |   | 
      Arge: Base Case | 
      C.1 | 
    
    
      | Synthol: Base Case | 
      C.2 | 
    
    
      | Arge: Sensitivity to Product Prices (Base x1.5) | 
      C.3 | 
    
    
      | Synthol: Sensitivity to Product Prices (Base x1.5) | 
      C.4 | 
    
    
      | Arge: Sensitivity to Feed Costs (Base x1.2) | 
      C.5 | 
    
    
      | Arge: Sensitivity to Feed Costs (Base x1.1) | 
      C.6 | 
    
    
      | Synthol: Sensitivity to Feed Costs (Base x1.1) | 
      C.7 | 
    
    
      | Arge: Sensitivity to Plant Capital (Base x1.5) | 
      C.8 | 
    
    
      | Synthol: Sensitivity to Plant Capital (Base x1.5) | 
      C.9 |