... a great start, but even if they can get a profit of one dollar a gallon, the $31 Million startup will be paid back in, oh... about 850 years.. ( not counting interest )
... a great start, but even if they can get a profit of one dollar a gallon, the $31 Million startup will be paid back in, oh... about 850 years.. ( not counting interest )
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we don't know what's included in the $16 cost per barrel.
Payoff on the order of synfuels or solar panels...
What I'm wondering is what the capacity of the plant is, and did it cost actually 31 million to build, or are R&D costs also included?
From what I've read in the past, it certainly seems like a viable process.
Brand new technology is always expensive, and I expect the cost to go down, as more of these come online.
I think the idea is that the mitigated disposal costs will offset the process. If they can make it work with car tires that will be a great leap forward.