EXCEL for Licensor Biorefinery EOI - Bharat Petroleum - Biorefinery - Licensor.pdf · LIGNOCELLULOSIC ETHANOL BIOREFINERY Bharat petroleum is planning to ... engaged in Refining,

EOI Ref : Biorefinery / Licensor

EXPRESSION OF INTEREST FOR TECHNOLOGY PROVIDER /LICENSOR FOR THE PROPOSED

LIGNOCELLULOSIC ETHANOL BIOREFINERY

Bharat petroleum is planning to setup a lignocellulosic biomass to ethanol biorefinery, exploring

business opportunities with potential stakeholders. Expression of Intererst (EOI) is invited from potential

Technology Providers/Licensors for setting-up the “Proposed Lignocellulosic Ethanol Biorefinery”

BPCL, CPO(R) invites Expression of Interest (EOI) for “Technology Provider / Licensor for the proposed

Lignocellulosic Ethanol Biorefinery” (System ID: 12317).

Details of the EOI can be downloaded from the following websites:

• https://www.bharatpetroleum.in/tenders/view-tenders.aspx Select Department

CPO(Refineries)

• E-tendering website : https://bpcleproc.in

• Central Public Procurement Portal : https://eprocure.gov.in/cppp

Interested parties are requested to submit their EOI along with relevant details on or before 18.05.2016,

11:00 hrs.

Important: All updates, amendments, corrigenda, etc, (if any) will be posted only on the above websites.

There will not be any publication of the same through newspapers or any other media.




1 Background

Bharat Petroleum Corporation Limited (BPCL) is a Fortune 500 company and a leading Navratna Public

Sector Company with an all India presence, engaged in Refining, Marketing and Distribution of

Petroleum products. BPCL is also diversified into exploration of oil and gas. BPCL as a responsible energy

company has made first big strides towards harnessing renewable energy like Solar and wind. Moving

one more step forward in the area of renewable energy, Bharat petroleum is planning to setup a

lignocellulosic biomass to ethanol Biorefinery, exploring business opportunities with potential

stakeholders.

The purpose of inviting this EOI is to explore the availability of potential technology providers/licensors

for setting up the “Proposed Lignocellulosic Ethanol Biorefinery”

2 Introduction

Bharat Petroleum Corporation Limited is planning to setup a “Lignocellulosic Ethanol Biorefinery” for

production of ethanol and other chemicals, if any, from potential biomass feedstocks including but not

limited to Sugarcane Baggasse/Rice Straw/Wheat Straw/Corn cobs/Cotton stalks. For this purpose,

Bharat Petroleum proposes to execute the project with biomass supplier (s) and a technology provider

(s) wherein.

I. Biomass Supplier would be responsible for aggregation, storage & regular supply of quality

biomass feedstock (Sugarcane Baggasse/Rice Straw/Wheat Straw/Corn cobs/Cotton stalks etc.)

to the Biorefinery.

II. Technology provider would be responsible for providing end-to-end process technology,

preparation of detail engineering & design of the plant, supply of other raw material (including

Enzyme, if any), maintaining the product quality and provide corresponding performance

guarantee.

III. Bharat Petroleum would use ethanol produced at the biorefinery.

The minimum capacity of the proposed biorefinery would be ~15,000 tonnes of ethanol per annum.

Correspondingly, the biomass supplier is expected to supply a minimum of 75,000 – 80,000 tonnes dry

biomass per annum (minimum 220 tonnes dry biomass per day).

It may be noted that BPCL has also floated a separate EOI for biomass supplier. The proposed mode of

execution of the project is tentative and would be finalized after thorough discussions with all the

stakeholders.




3 Role of Technology Provider/Licensor

Following is envisaged role that the Technology Provider/Licensor shall play:

1. Providing end-to-end process technology, including utilization of lignin, generation of power

for internal use, effluent treatment, recycling of water & other by-products etc

2. Engineering (Basic, detailed, integration, piping, static etc.)

3. Relevant Equipment Supply

4. EPC Project Management

5. Supply of raw materials, including Enzymes

6. Maintaining the product quality and provide corresponding performance guarantee

7. After Sales support for ensuring smooth operations, maintenance & tech-up-gradation

(whenever necessary)

The bidder must perform all the above mentioned roles. In case, the bidder is not able to meet these

qualification criteria, the EOI may be submitted jointly. For joint submissions, wherever necessary,

please provide the requested information for all the associated companies to be involved in the project

with relationship and role.

4 Other aspects • The location of the project shall be in the vicinity of the operations of selected biomass supplier

and would be finalized in discussions with all the project stakeholders.

• Technology providers are encouraged to sign non-disclosure agreements, wherever applicable,

as soon as possible so that they could disclose necessary technical information as part of EOI’s

response within stipulated time.

5 Technical Criteria

S No Details Qualification Criteria

1 Desirable qualifications

of technology

1. The technology should provide a complete end-to-

end solution, including utilization of lignin,

generation of power for internal use, effluent

treatment, recycling of water & other by-products

etc.

2. End-to-end Technology should have been integrated

and proven at a pilot/demo/commercial scale

3. Final Products must comprise Anhydrous Denatured




Ethanol meeting IS 15464:2004 specification#

2 Desirable competence

of technology provider

The bidder must have competence for and willing to

perform all the below mentioned roles in the proposed

Biorefinery project:

1. Providing end-to-end process technology,

including utilization of lignin, generation of

power for internal use, effluent treatment,

recycling of water & other by-products etc

2. Engineering (Basic, detailed, integration, piping,

static etc.)

3. Relevant Equipment Supply

4. EPC Project Management

5. Supply of raw materials, including Enzymes

6. Maintaining the product quality and provide

corresponding performance guarantee

4 Blacklisted/holiday

status

The BIDDER must not have been debarred/ blacklisted by

any Central/State Govt. department, agency, PSUs/

Institution/ Agencies/ Autonomous organization. The

BIDDER shall submit a self-certification by an authorized

person to this effect.

6 Information to be submitted by bidder

1. General Information

S.N. Item Details Remarks (if

any)

1.1 Name of the BIDDER / Firm submitting

Category of the bidder

Single

entity/JV/consortium/

Others (pl. specify)

1.2 Nature or legal status of the Firm

1.3

Name and address of associated companies

to be involved in the project with relationship




and role, if any.

1.4

Details of Registration document of the Firm

(provide details & enclose copy)

1.5 Registered Address of Firm

1.6 Contact Person

1.7 Designation and address of Contact person

1.8 Email

1.9

Turnover & Net worth of the Firm during

last three financial years (Please enclose

copy of audited annual reports)

Year Turn

Over

(INR

Crore)

Net

Worth

(INR

Crore)

2014-

15

2013-

14

2012-

13

1.10

In case firm is a subsidiary, indicate the role

of parent company

2. Technical information regarding current status of Technology


any)

2.1

The highest capacity

(pilot/demo/commercial) of operation

achieved by the bidder in an end to end

integrated operation

(Ethanol

production/day)

2.2

Location, Country and date of commissioning

of the above mentioned plant operation

2.3

Days of operation achieved at the above

mentioned plant

2.4 Area of the above plant (acre)

2.5

Avg. capacity utilization of the above

mentioned plant vis-à-vis installed capacity

during last 24 months of operation

2.6 (i) Provide a detailed process description

along with detailed process flow diagram.

Please include following description for every

process step of end-to-end technology

solution:

• Qualitative and quantitative description




of input and output streams

• Process conditions including operating

temperature, pressure, quality achieved

at each stage etc.

• Details of equipment

(ii) Overall material balance ( @ 1 tonne

per day of biomass processed)

(iii) Bidder is encouraged to provide

above description for different feedstock

scenarios and consider as many as

potential Indian feed-stocks possible (Rice

Straw, Cotton Stalk, Wheat Straw,

Sugarcane Baggasse, Corn Cob, Corn

Stover, Baggasse Pith, Any other (please

specify name)).

Please include only those results that

have been obtained over an end to end

integrated operation at the highest scale

(pilot/demo/commercial) of operation

achieved by the bidder. In case of joint

bid, please take appropriate

deviations/assumptions and provide

justifications for the same.

2.7 Technology Patent Details, if any

2.8

Details of plants to whom technology has

been provided/licensed

3. Description of proposed 2G Bioethanol Biorefinery

Note:

A. Please provide the details for both the plant sizes, 60KLPD & 100 KLPD ethanol

B. For presenting the financial analysis (below) of the proposed project:

• Please fill the required details in Annexure II and consider the assumptions only as specified

in Annexure II

• You are also required to fill the same details in Excel file that has been provided along

with.





any)

3.1

Details on Technology to be used

in the proposed project:

(i) Provide a detailed process

description along with detailed

process flow diagram for the

proposed 60 &100KLPD plant .

Please include following

description for every process step

of end-to-end technology solution:

• Qualitative and quantitative

description of input and

output streams

• Process conditions including

operating temperature,

pressure etc.

• Details of equipment

(ii) Overall material balance of a

60 & 100KLPD plant

(iii) Bidder is encouraged to

provide above description for

different feedstock scenarios and

consider as many as potential

Indian feed-stocks possible (Rice

Straw, Cotton Stalk, Wheat Straw,

Sugarcane Baggasse, Corn Cob,

Corn Stover, Baggasse Pith, Any

other (please specify name)).

(in case of enzyme based

technology, please furnish the

details pertaining to in-house

enzyme production or enzyme

partner)


any)

3.2 Plant capacity (KLPD Ethanol) 60 100

3.3 Operation days (Days/annum)




3.4 Annualized ethanol production

(million litres/annum)

3.5 Annualized by-product production

Product-1 (MT/Annum)



Product-4 (power)

3.6 Biomass to ethanol yield

(Litres/Dry MT)

3.7 Landed cost of biomass at plant

(INR/ Dry MT)

Total biomass cost (INR

Crore/annum)

3.8 Coversion cost of biomass to

ethanol (INR/Litre of ethanol)

Cost of Enzyme (INR/Litre of

ethanol)

Cost of Chemicals (INR/Litre of

ethanol)

Cost of energy (INR/Litre of

ethanol)

Cost of labour (INR/Litre of

ethanol)

Other cost - 1 (name & value)

(INR/Litre of ethanol)



Conversion cost of biomass to

ethanol (INR Crore/ annum)

3.9 Ethanol - variable cost of

production (INR Crore/ annum)

3.10 Conversion cost for by-products

Extra conversion cost involved in

Product-1 (INR/MT)


Product-2 (INR/MT)


Product-3 (INR/MT)

3.11 Total variable cost of production

(INR Crore/ annum)

3.12 Fixed cost of production (INR

Crore/ annum)




Salary & Wages (INR Crore/

annum)

Repairs and Maintenance (INR

Crore/ annum)

Marketing Overheads (INR Crore/

annum)

G&A (INR Crore/ annum)

Insurance on Plant & Machinery

(INR Crore/ annum)

3.13 Ethanol selling price - Ex. Factory


3.14 Ethanol revenue (INR Crore/

annum)

3.15 Byproduct selling price

Product-1 selling price (INR/MT)



Product-4 (power) (INR/MWh)

By-Product revenue (INR Crore/

annum)

3.16 Total revenue (INR Crore/ annum)

3.17 EBITDA (Gross margin) (INR Crore/

annum)

3.18 Average Depreciation (INR Crore/

annum)

3.19 Average Interest on long term

debt (INR Crore/ annum)

3.20 Average Interest on short term

debt (INR Crore/ annum)

3.21 Average profit before tax (PBT)

(INR Crore/ annum)

3.22 Average Profit before interest &

tax (PBIT) (INR Crore/ annum)

3.23 Average tax on PBIT (INR Crore/

annum)

3.24 Average corporate tax (INR Crore/

annum)

3.25 Average profit after tax (INR

Crore/ annum)

3.26 Average adjusted profit after tax

(INR Crore/ annum)

3.27 Average operating cash (INR




Crore/ annum)

3.28 Capital investment (incl. CHP

plant) (INR Crore/ annum)

3.28.1 Plant & machinery capex (INR

Crore/ annum)

3.28.2 Interest during construction (INR

Crore/ annum)

3.29 Equity investment (INR Crore/

annum)

3.30 Debt (INR Crore/ annum)

3.31 Project IRR (%)

3.32 Equity IRR (%)

3.33 Payback (Years)

3.34 List of imported

Equipments/Consumables and

their indicative cost in INR

3.35 Minimum land (In Acres)

requirement for commissioning of

plant and other utilities such as

storage of raw material, finished

products & by-products etc.

3.36 Details on Performance Guarantee

Indicators and confirmation on

meeting guaranteed performance

Satisfactorily

4. Competence of the bidder along the value chain of 2G Biorefinery

The table below shall be employed for evaluating the competence of technology provider along the

value chain of technology commercialization. The first column lists down the value-chain components of

Technology Commercialization. With respect to each component, technology provider should comment

upon following points:

1. Whether that value- chain component is an in-house capability or an out-sourced?

2. What is the current competence with respect to that value-chain component?

3. What is the prior-experience with respect to that value-chain component?

If a particular value-chain component is outsourced by the technology player, please name the partner

involved and comment on behalf of the partner. While responding, bidder should only consider

competence and experience relevant to 2G ethanol commercialization:

Value-chain of

Technology

Commercialization

Capability*

(In-house/

Outsource)

Current

Competence Prior Experience

What is the current

size of operation

(E.g. staff working,

budget, projects

• What is the Investment

made till now (E.g. man

hours, budget etc)?

• What has been the output




under progress

etc.)?

(E.g. no. of projects

delivered? At what scale?)

4.1 Background

work on India-

specific biomass to

fuel value-chain

(E.g. network with

relevant

stakeholders,

studies with

respect to value

chain etc)

4.2 Technology

Research,

Development &

Scale-up (Only in

relation to

Lignocellulose’

conversion to

biofuels and other

valuables)

4.3 Engineering

(Basic, detailed,

integration, piping,

static etc.)

4.4 Relevant

Equipment

Manufacturing

4.5 EPC Project

Management &

Execution

4.6 After Sales

support

for operations,

maintenance &

tech-up-gradation

5. Potential Involvement


any)

5.1 Willingness to provide the technology, and

other required consumables on a sustainable

Yes/No




basis (Including chemicals, enzyme etc.)

Other support infrastructures

5.2 Willingness to invest equity in the project.

...............%

………………Crores

6. Economic and other advantages over competing technologies

(Bidder is requested to make an assessment of the technology based on parameters

listed below and provide the details on a separate sheet)

Criteria Sub-criteria Parameters

6.1 Technology

Efficiency

Energy

Efficiency/

carbon foot print • CO2 equivalent savings (LCA to be provided)

• Net energy ratio

Material

Efficiency

• Total Sugar extraction efficiency (from

feedstock biomass)

• Fermentaption (C5+C6) efficiency

• Distillation efficiency

• Dehydration efficiency

• Carbon efficiency: Percentage of carbon

converted to fuel

• Water utilization per Litre ethanol

• Chemical consumption per litre ethanol

• Solid Waste production per litre ethanol

• Liquid waste production per litre ethanol

• Time required for ‘end to end’ process (from

biomass entry n plant to ethanol getting out)

6.2 Technology

Flexibility

With respect to

Inputs

• Multi-feedstock? (list only those biomass types

with whom detailed studies/runs have been

executed at the highest scale of operation)

• Dependence on an Enzyme

source/manufacturer

With Respect to

Products

• Customizable product portfolio? E.g. to

increase profitability, can a portion (<10%) of

biomass be diverted to production of cellulose,

glucose, furfural or any other higher value

product?.




• Any Value addition process for liquid or solid

waste incorporated in the battery limit?

• Availability of pure sugars or lignin streams for

future integration with newer technologies &

exploitation?

With respect to

plant

configuration

• Is your process capable of integrating with

existing ethanol plants or any other agri-

processing plants?

• Can there be any other alternative use of the

plant, in case of unavailability of bio mass, for

continuous income?

6.3 Technology

Maturity

Process

technology

readiness

• Is every component of the end-to-end process

developed and incorporated in proposed

battery limit?

• At what scale each component has been

demonstrated?

• What’s been done for ensuring safety? HAZOP?

Equipment/

machinery

readiness

• Maturity/readiness of special equipments

involved. (This has direct implication on Safety

challenges and accidental shut downs/failures)

• Spares/equipments available with other

companies than OEM?

• Safety aspects?/HAZOP?

6.4 Technology

Profitability

• Does a high level economic analysis shows

potential profitability?

• What is the minimum plant capacity that can

be offered with IRR >15% (15% is just a

representative number)

6.5 Robustness

Technology

robustness

(Although, Tech-Robustness can only be analysed

via detailed technology audit. Still, please

comment on how following aspects have been

ensured with respect to the proposed

technology)

• Repeatability of process

• Responsiveness of process controls to input

fluctuations

• Observability: How well internal status of a

system can be inferred by knowledge of its

external behaviour/parameters, including its




output

• Recoverability reflects the ability to restore the

process when a failure occurred.

E.g., if a process step fails: how much

time it takes to restore the process?

What happens to the process streams?

Can they be reprocessed or need to be

flushed out?

Profitability

robustness

• Sensitivity to Enzyme cost

• Sensitivity to Feedstock cost

• Sensitivity to Interest rates

• Sensitivity to Capex

7 General Terms & Conditions

Bharat Petroleum Corporation Limited (BPCL) hereby invites Expression of Interest (EOI) from potential

technology provider(s)/licensor(s) to the “Proposed Lignocellulosic Ethanol Biorefinery” in line with the

EOI documents herewith.

All revisions, clarifications, corrigenda, addenda, time extensions etc, to the EOI will be hosted only on

BPCL website www.bharatpetroleum.in/ Central Public Procurement Portal:

http://eprocure.gov.in/cppp . BIDDERs should regularly visit this website to keep themselves updated.

The BIDDER shall also furnish complete audited annual financial statements for last three financial years

including balance sheets, profit & loss account statement and all other schedules, self-certification of

being not under liquidation, court receivership or similar proceeding in support of their fulfilling the

eligibility criteria. The same to be provided for all the partners, wherever applicable.

Exchange rate for foreign currency conversion to Indian rupees shall be considered as per the TT selling

rate published by The State Bank of India on the previous working day of opening of the EOI offers for

evaluation.

Vendor/Bidder shall not be on the Holiday List of BPCL/ EIL/ Any Other PSU or government Organization

in India. Bidder shall provide declaration of holiday listing as per Annexure – III.

EOI shall be submitted in hard copy at the address given below. EOI received through Fax / E-mail shall

not be accepted.




The EOI must be complete in all respects leaving no scope for ambiguity. It is in the interest of the

BIDDER to submit complete and comprehensive proposal leaving no scope for BPCL to raise any further

questionnaire. BPCL may evaluate the BIDDER on the basis of documents submitted in the first instance

in order to adhere with project schedule requirement.

BPCL will not be responsible for any cost or expenses incurred by the BIDDER in connection with

preparation or delivery of EOI.

The BIDDER is required to furnish all information and documents as called for in this EOI in English

language. Any printed literature furnished regarding this EOI may be in another language, provided that

the literature is accompanied by an authentic English translation, in which case, for the purpose of

interpretation of the document, the English version will govern.

BPCL reserves the right to call the BIDDER for presentation and may visit the sites of the BIDDER. The

BIDDER shall have no objection whatsoever in this regards and shall facilitate BPCL to obtain the same.

BPCL will not be responsible for any cost or expenses incurred by the BIDDER for visiting its office for

presentation.

8 SUBMISSION OF EOI

The BIDDER must provide a Cover letter on his official stationery (letter head) along with his proposal

containing all the information asked for in the EOI along with all relevant documents in support of the

same. The BIDDER is required to drop the sealed envelope super-scribing:

EOI Ref : Biorefinery / Licensor - “TECHNOLOGY PROVIDER /LICENSOR FOR THE PROPOSED

LIGNOCELLULOSIC ETHANOL BIOREFINERY”.

The proposal must contain complete EOI along with all the supporting documents duly signed &

stamped on each page and shall be submitted at the following address on or before the due date and

time.

Address: BPCL Corporate Research & Development Center,

Plot No. 2A, Udyog Kendra,

P.O. Surajpur,

Greater Noida,

Uttar Pradesh - 201036

The applicant shall mention Company’s/Institution’s name, phone number & name of contact person on

the cover of the envelope.




IMPORTANT NOTE

In case of any queries/clarification regarding the EOI, following are the contact persons:-

Dr Sudha Tyagi, Sr Manager (R&D), R &D Corporate Centre, Greater Noida, Tel No. 0120-2354130.

E mail: [email protected]

Mr. Apoorve Khandelwal, Dy Manager (R&D), R &D Corporate Centre, Greater Noida,

Tel No. 0120-2354167, E mail: [email protected]

For commercial queries, Mr. P P Bhate, Manager (CPO), Mumbai Refinery, Tel – 022 25533010.

Email : [email protected]

This EOI does not constitute and will not be deemed to constitute any commitment on part of BPCL to

enter into any contract.

BPCL has the sole discretion to accept or reject the proposal without assigning any reason whatsoever.

This EOI is non-binding and the purpose of this document is to ascertain interest of prospective biomass

suppliers.

Response from any applicant parties to this advertisement doesn’t entitle them for receipt of tender

enquiry for procurement at a later date.

BPCL may not take any further action after the invitation of this EOI at its own discretion without

assigning any reason thereof.

EXPRESSION OF INTER

The biorefinery concept is analogou

products from petroleum. In a Bior

biofuels, value-added chemicals o

competitive with conventional fuel

applicable for any cellulosic ethanol

biomass feedstock to ethanol would


EREST FOR TECHNOLOGY PROVIDER /LICENSOR FOR


Proposed Project

gous to today's petroleum refinery, which produces m

Biorefinery, each Individual component of biomass

ls or heat/power in order to offset biofuel price

fuels. The following diagram represents a process s

nol technology and the proposed plant for conversion

uld consist of either all or some of the following proces

FOR THE PROPOSED

Annexure-I

s multiple fuels and

ass is converted to

rice to make them

ss structure that is

ion of lignocellulosic

ocesses.




Annexure-II

S No Topic/item Definition or convention

1 Feedstock Indian Biomass (rice straw, sugar cane baggasse, corn

cob/strover, cotton stalk, wheat straw, pith from paper &

pulp industry etc.). Please discuss financials with respect to

as many as of above biomass types in the other two sheets

2 Capacity of the biorefinery Please provide the details for both the plant sizes, 60 & 100

KLPD ethanol respectively for every biomass type

3 Power plant Combined heat and power plant to be included in the

presented analysis in the case of 100KLPD plant, but not in

the case of 60KLPD

4 Site Greenfield site that doesn't have any existing industrial

infrastructure

5 Battery Limit Consider all the necessary peripheral systems such as

biomass storage or treatment of stillages and solid & liquid

waste/effluent etc. within the battery limits

6 Power balance The CHP plant shall generate steam and power for the

biorefinery and power plant. Only the surplus power is

considered as a saleable product.

7 Purity of products The purities of products shall meet the typical sales

specifications as per Indian Standards. Ethanol is produced

as fuel-grade ethanol.

S.

No Assumptions UOM

Company Name

Bio-

mass-

1

Bio-

mass-

2

Bio-

mass-

3

Bio-

mass

-1

Bio-

mass

-2

Bio-

mass

-3

1 Plant capacity KLPD 100 100 100 60 60 60

2 Operation days Days/annum 333 333 333 333 333 333

3 Annualized ethanol

production million

litres/annum

4 Annualized by-product

production

4.1 Product-1 MT/Annum






4.4 Product-4 (power) GWh/Annum

5 Biomass to ethanol yield Litres/Dry MT

6 Landed cost of biomass at

plant INR/ Dry MT

7

Coversion cost of biomass

to ethanol (excluding

feedstock & capex recovery

cost) INR/Litre of

ethanol

7.1 Cost of Enzyme

INR/Litre of

ethanol

7.2 Cost of Chemicals

INR/Litre of

ethanol

7.3 Cost of utilities - Steam,

Power, Water etc

INR/Litre of

ethanol

7.4 Cost of labour

INR/Litre of

ethanol

7.5 Other cost - 1 (name &

value)

INR/Litre of

ethanol

7.6 Other cost - 2 (name &

value)

INR/Litre of

ethanol

8 Conversion cost for by-

products

8.1 Extra conversion cost

involved in Product-1 INR/MT





9 Ethanol selling price - Ex.

Factory INR/Litre of

ethanol 46.5 46.5 46.5 46.5 46.5 46.5

10 Byproduct selling price

10.

1 Product-1 selling price INR/MT

10.


10.


10.

4 Product-4 (power) INR/MWh

11 Debt % of capex 70% 70% 70% 70% 70% 70%




12 Equity % of capex 30% 30% 30% 30% 30% 30%

13 Interest on long term debt % 12% 12% 12% 12% 12% 12%

14 Long term debt repayment Years 7 7 7 7 7 7

15 Moratorium Years 0 0 0 0 0 0

16 Working capital - debt % of working

capital 75% 75% 75% 75% 75% 75%

17 Working capital - equity % of working

capital 25% 25% 25% 25% 25% 25%

18 Interest on working capital

debt % 12% 12% 12% 12% 12% 12%

19 Corporate tax % 34% 34% 34% 34% 34% 34%

20 Depreciation Method SLM SLM SLM SLM SLM SLM

21 Depreciation

21.

1 Plant & Machinery % 5% 5% 5% 5% 5% 5%

21.

2 Building & internal roads % 5% 5% 5% 5% 5% 5%

21.

3 Pre-operative expenses % 100% 100% 100% 100% 100% 100%

22 Fixed cost

22.

1 General & Administrative

% of total

revenue 0.50% 0.50% 0.50%

0.50

%

0.50

%

0.50

%

22.

2 Repair & Maintenance

% of total

revenue 2.50% 2.50% 2.50%

2.50

%

2.50

%

2.50

%

22.

3 Marketing expenses

% of total

revenue 0.50% 0.50% 0.50%

0.50

%

0.50

%

0.50

%

22.

4 Insurance Plant & Machinery

% of P&M

capex & Finish

goods

inventory

0.25% 0.25% 0.25% 0.25

%

0.25

%

0.25

%

OTHER ASSUMPTIONS

Process Water Cost

INR/1000

Litres 8 8 8 8 8 8

Power cost INR/Kwh 6 6 6 6 6 6

Steam cost INR/MT 1200 1200 1200 1200 1200 1200

Cost of labour

INR/person

per annum

3,50,0

00

3,50,0

00

3,50,0

00

3,50,

000

3,50,

000

3,50,

000




Annexure-III

PROFORMA OF DECLARATION OF HOLIDAY LISTING

In the case of a Proprietary Concern:

I hereby declare that neither I in the name of my Proprietary concern M/s. _____________ which is

submitting the accompanying Bid / Tender nor any other concern in which I am a proprietor nor in any

partnership firm in which I am involved as a Managing Partner have been placed on holiday list declared

by Bharat Petroleum Corporation Limited or its Administrative Ministry or any other Indian Government

Public Sector Undertaking, except as indicated below:

(Here given particulars of holiday listing and in absence thereof state “NIL”).

In the case of a Partnership Firm

We hereby declare that neither we, M/s. __________________ submitting the accompanying Bid /

Tender nor any partner involved in the management of the said firm either in his individual capacity or

as proprietor of any firm or concern have or has been placed on holiday list declared by Bharat

Petroleum Corporation Limited or its Administrative Ministry or any other Indian Government Public

Sector Undertaking, except as indicated below:


In the case of Company

We hereby declared that we have not been placed on any holiday list declared by Bharat Petroleum

Corporation Limited or its Administrative Ministry or any other Indian Government Public Sector

Undertaking, except as indicated below:


It is understood that if this declaration is found to be false in any particular, Bharat Petroleum

Corporation Limited or its Administrative Ministry, shall have the right to reject my / our bid, and, if the

bid has resulted in a contract, the contract is liable to be terminated.

Place: ____________ Signature of the Bidder______________

Date: ____________ Name of the Signatory_______________

Biomass-1 Biomass-2 Biomass-3 Biomass-1 Biomass-2 Biomass-3

1 KLPD 100 100 100 60 60 60

2 Days/annum 333 333 333 333 333 333

3 million litres/annum 33 33 33 20 20 20

4

4.1 MT/Annum

4.2 MT/Annum

4.3 MT/Annum


5 Litres/Dry MT

6 INR/ Dry MT

7 INR/Litre of ethanol

7.1 INR/Litre of ethanol






8

8.1 INR/MT

8.2 INR/MT

8.3 INR/MT

9 INR/Litre of ethanol 46.5 46.5 46.5 46.5 46.5 46.5

10

10.1 INR/MT

10.2 INR/MT

10.3 INR/MT

10.4 Product-4 (power) INR/MWh

11 % of capex 70% 70% 70% 70% 70% 70%

12 % of capex 30% 30% 30% 30% 30% 30%

13 % 12% 12% 12% 12% 12% 12%

14 Years 7 7 7 7 7 7

15 Years 0 0 0 0 0 0

16 % of working capital 75% 75% 75% 75% 75% 75%

17 % of working capital 25% 25% 25% 25% 25% 25%

18 % 12% 12% 12% 12% 12% 12%

19 % 34% 34% 34% 34% 34% 34%

20 Method SLM SLM SLM SLM SLM SLM

21

Coversion cost of biomass to ethanol

(excluding feedstock & capex recovery cost)

Cost of Enzyme

Ethanol selling price - Ex. Factory

Byproduct selling price

Company Name


Cost of Chemicals

Cost of utilities - Steam, Power, Water etc

Cost of labour


Conversion cost for by-products

Extra conversion cost involved in Product-1



Sr. No Assumptions UOM

Landed cost of biomass at plant

Annualized by-product production

Product-1

Product-2

Product-3

Plant capacity

Operation days

Annualized ethanol production

Biomass to ethanol yield

Moratorium

Product-1 selling price



Debt

Equity

Interest on long term debt

Long term debt repayment

Working capital - debt

Working capital - equity

Interest on working capital debt

Corporate tax

Depreciation

Depreciation

21.1 % 5% 5% 5% 5% 5% 5%

21.2 % 5% 5% 5% 5% 5% 5%

21.3 % 100% 100% 100% 100% 100% 100%

22

22.1 % of total revenue 0.50% 0.50% 0.50% 0.50% 0.50% 0.50%

22.2 % of total revenue 2.50% 2.50% 2.50% 2.50% 2.50% 2.50%

22.3 % of total revenue 0.50% 0.50% 0.50% 0.50% 0.50% 0.50%

22.4% of P&M capex &

Finish goods inventory 0.25% 0.25% 0.25% 0.25% 0.25% 0.25%

INR/1000 Litres 8 8 8 8 8 8

INR/Kwh 6 6 6 6 6 6

INR/MT 1200 1200 1200 1200 1200 1200

INR/person per annum 3,50,000 3,50,001 3,50,002 3,50,003 3,50,004 3,50,005

OTHER ASSUMPTIONS

Fixed cost

General & Administrative

Repair & Maintenance

Marketing expenses

Insurance Plant & Machinery

Plant & Machinery

Building & internal roads

Pre-operative expenses

Process Water Cost

Power cost

Steam cost

Cost of labour

Biomass-1 Biomass-2 Biomass-3 Biomass-1 Biomass-2 Biomass-3

1 KLPD 100 100 100 60 60 60

2 Days/annum 333 333 333 333 333 333

3 million litres/annum 33 33 33 20 20 20

4

4.1 MT/Annum

4.2 MT/Annum

4.3 MT/Annum


6 Litres/Dry MT

6 INR/ Dry MT

6.1 INR Crore/ annum #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

7 INR/Litre of ethanol







7.7 INR Crore/ annum

8 INR Crore/ annum #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

9

9.1 INR/MT

9.2 INR/MT

9.3 INR/MT


11 INR Crore/ annum






11 INR/Litre of ethanol 46.5 46.5 46.5 46.5 46.5 46.5

12 INR Crore/ annum 155 155 155 93 93 93

13

13.1 INR/MT

13.2 INR/MT

13.3 INR/MT

13.4 Product-4 (power) INR/MWh

14 INR Crore/ annum

15 INR Crore/ annum 155 155 155 93 93 93


UOM

Company Name

Cost of Chemicals

Cost of Enzyme


Cost of labour

Sr. No Assumptions

Product-1

Plant capacity

Operation days

Annualized ethanol production

Annualized by-product production


By-Product revenue


Product-2

Product-3

Biomass to ethanol yield

Landed cost of biomass at plant

Total biomass cost

Coversion cost of biomass to ethanol

Conversion cost of biomass to ethanol

Ethanol - variable cost of production

Conversion cost for by-products




Cost of utilities - Steam, Power, Water etc

Total variable cost of production

Ethanol selling price - Ex. Factory

Ethanol revenue

Byproduct selling price


Fixed cost of production

Salary & Wages

Repairs and Maintenance

Marketing OH

G&A

Insurance on P&M


Total revenue

EBITDA (Gross margin)

17 INR Crore/ annum

18 INR Crore/ annum

19 INR Crore/ annum



22 INR Crore/ annum

23 INR Crore/ annum

24 INR Crore/ annum



27 INR Crore/ annum



28 INR Crore/ annum

29 INR Crore/ annum

30 %

31 %

32 Years #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0! #DIV/0!

Capital investment (incl. CHP plant)

Plant & machinery capex

Equity investment

Interest during construction

Equity IRR

Payback

Average Depreciation

Average Profit before interest & tax (PBIT)

Average tax on PBIT

Average adjusted profit after tax

Debt

Project IRR

Average Interest on long term debt

Average Interest on short term debt

Average profit before tax (PBT)

Average corporate tax

Average profit after tax

Average operating cash

Documents

EXCEL for Licensor Biorefinery EOI - Bharat Petroleum - Biorefinery - Licensor.pdf · LIGNOCELLULOSIC ETHANOL BIOREFINERY Bharat petroleum is planning to ... engaged in Refining,