I suspect the mistake may be a couple of zeros. At $40 per barrel, this would be $4,000 per day GROSS. Costs of production not yet deducted. A $31 million dollar plant is a big investment for a gross revenue of $4,000 per day. At 5% interest, $31 million would earn you $4,305 NET per day.
Not so sure how this is paying for itself. Maybe costs will come down as they put up more plants. Or they are banking on future oil price increases.
Cost of waste transport and storage are being completely removed from the plant's expense column.
I think the article has a mistake. Should the output read 100 barrels instead of 100 gallons!!??
I suspect the mistake may be a couple of zeros. At $40 per barrel, this would be $4,000 per day GROSS. Costs of production not yet deducted. A $31 million dollar plant is a big investment for a gross revenue of $4,000 per day. At 5% interest, $31 million would earn you $4,305 NET per day.
Not so sure how this is paying for itself. Maybe costs will come down as they put up more plants. Or they are banking on future oil price increases.
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at 200 barrels a day the numbers start looking better. the peak capacity of the plant is 500 barrels a day.