% oil in seeds Sunflower seeds (ARS/ton) Other RM

With Depreciation 44 77555 64

Without Depreciation 44 77555 64

Input
% oil in seeds Seeds Oil
(Kgs) (Kgs)
44 2309.99 1000.00

Crude Sunflower Oil (ARS/ton) Other RM *Operations Cost (ARS)

With Depreciation 68557 1097 404

Without Depreciation 68557 1097 404

FFA% Recovery% Loss%

0.5% 97.0% 2.97%

0.7% 96.7% 3.25%
1.2% 96.1% 3.95%
 Sunflower Crushing Model Summ

Input

*Operations Cost (ARS) Depreciations + WC Interest (ARS)

839 4569
839 2134

Output
Oil meal (Kgs) Husk (kg)
605.44 589.05

Winterised Sunflower Refining Model

Input

Depreciations + WC Interest (ARS) Steam Consumption (ARS/ton reqd)

2237 77
1897 77

Refined Sunflower oil (ARS/ton) Refined Sunfloweroil (USD/ton)

73619 875
73647 875
73688 876
at 129871 TPA
 2020

Sunflower Crushing Model Summary

Electricity + Water
Steam Consumption (ARS/ton reqd) (ARS/Kwh reqd)

217 524
217 524

Operations + Financial Cost

Operating costs
Overheads
Depreciation+ WC Interest
TOTAL

Winterised Sunflower Refining Model Summary

Electricity + Water GSA (ARS/Output)

(ARS/Kwh reqd)

153 337
153 337

Refining Cost (ARS/Ton) Refining Cost (USD/Ton)

4436 53
4462 53
4500 53
2020

Oil meal +husk (ARS/output) Hexane (ARS/Output)

15169 41
15169 41

ARS/ton
515
323
4569
5407

Output

By-Poducts (ARS/Output) Refined Sunflower oil (ARS/ton)

1431 73619
1431 73269
 Output

Crude Sunflower oil (ARS/ton) Crude Sunflower oil (USD/ton) Crushing Cost (ARS/Ton)

68557 815 6171

66122 786 3736

Output

Refined Sunfloweroil (USD/ton) Refining Cost (ARS/Ton) Refining Cost (USD/Ton)

875 4436 53
871 4086 49
Crushing Cost (USD/Ton) Cost if allocated on oil Cost if allocated on by-products

73 32 42
44 19 25
 Commodity Prices
Comodity price ARS/ton
Sunflower seeds 33574
Hexane 109389
Sunflower oil meal 15230
Sunflower Husk 10097
Phosphoric Acid 75% 74889
Caustic Soda 50% 21036
Bleaching Earth 63109
Citric Acid 50% 31975
Filter Aid 68157
Crude Lecithin 71523
Acid Oil 36603

Utility Prices
Utility ARS/Unit
Electricity 4
Steam 486
Process Water 30.32
Cooling Water 1.78

Useful Life in Years

Plant and Machinery 15.00
Building 25.00

Operating Costs (Wages) ERI (Avg)

Manager per annum
Supervisors per annum
Operators per annum
Labor per annum

Assumption
Age of plant taken* ( in years) 1
dity Prices
Sources
APK Inform; Nov-20 (FOB Argentina)
DUTCH2 BV
APK Inform; Nov-20 (FOB Argentina)
Optimus Agro
Duc Giang Chemical Group; CIF Argentina (Aug'20)
ICIS; Nov'20+freight
ITC Imports Price; Aug'20
ITC Imports Price; July'20
APJ GmbH
EISSBV
LLC Synthesis Oil

y Prices
Source
[Link] Confirm
Calculated from natural gas and process water
[Link]
Calculated from electricity and process water

Sources
As per industry standards
As per industry standards

(Wages) ERI (Avg)

1641287
879013
433033
289354
ERI (75th Percentile+Social Cost)
Cost Study - Sunflower Oil Extraction

Process: Crushing
Location: LATAM
Country : Company Argentina
Capacity: 129871
Throughput: 125975
Ex Rate: 84.15
Currency Argentine Pesos

RAW MATERIAL
Sunflower seeds
Hexane

TOTAL RM

UTILITIES
Electricity
Steam
Cooling Water

TOTAL UTILITIES

CO-PRODUCTS
Sunflower meal
Hexane
Sunflower Husk

TOTAL CO-PRODUCTS

OPERATING COSTS
Plant Manager
Supervisor
Operators
Labor
Direct Overheads
Maintenance

TOTAL OPERATING COSTS

OVERHEAD EXPENSES
Gen Plant Overheads
Tax/Insurance

TOTAL OVERHEADS

DIRECT CASH COST OF PRODUCTION (DCC)

FINANCING CHARGES
Working Capital
Interest 1.00
Interest on Loans 1.00

TOTAL FINANCING CHARGES

Depreciation: Machinery
Building
TOTAL DEPRECIATION
Cost Of Production
TOTAL COST OF PRODUCTION
 Capital Cost:
Battery Limits - LC mill:

tpa Offsites:
tpa Total Fixed Investment (LC mill):
ARS/USD Working Capital - LC mill:

Age of plant (years)

t/t Price
LC/T

2.31 t 33,574
0.001 t 1,09,389

107.2 Kwh 4.5

0.4 t 486.2
24.0 m3 1.8

0.61 t 15,230
0.000 t 1,09,389
0.589 t 10,097

1.00 [Link] 1641287

10.00 [Link] 879013
15.00 [Link] 433033
25.00 [Link] 289354
40.00 % wages
1.00 % BLCC

50.00 % Op. Costs

1.00 % Total Capital

months @ 32 % pa
months @ 30 % pa

Life (in years) Life left (years) Years of depreciation to be added

15 14 1
25 24 1
 3,109

80% Battery: 2,487

5596
828

1
Unit Cost Cost pa
LC/T USD/t LC ,000

77,555 921.68 97,69,992

64 0.76 8,074

77619.20 922.45 9778066.28

482 6 60675
217 3 27296
43 1 5375

741 9 93345.20

9221 110 775.90055

41 0 3.48774
5948 71 500.48058

15210 181 1916112.36

13.03 0.15 1641

69.78 0.83 8790
51.6 0.61 6495
57.4 0.68 7234
76.7 0.91 9664
247 2.93 31092

515 6 64916.63

258 3 32458.31
66 1 8280.27

323 4 40738.59

63989 760 8060954.34

2134 25 268778
0 0 0

2134 25 268778

1645 20 207277
790 9 99493
 2435 29 306770
68557 815 8636502
68557 815 8636502
t/t LC/T Summary

Cost Component Value

HUM Oil and Fat Technologies HUM Oil and Fat Technologies Net Materials 7861953921.23953
Net Utilities 93345202.5929982
Depreciation 306770231.333333
TFI excluding land cost Operating Consumption 64916625.5666
Overhead Expenses 40738586.2043558

Financing Charges 268777675.24747

Total 8636502242.18429

Cost Summary Currency Argentine Pesos

Mass Balance Sheet APK Inform; Nov-20 (FOB Argentina) Direct Cash Cost 63988.61
HUM Oil and Fat Technologies DUTCH2 BV DCC + WC Interest 2133.58
Ex Works Price 68557.36

HUM Oil and Fat Technologies [Link]

HUM Oil and Fat Technologies Calculated from natural gas and process water
3.1%
HUM Oil and Fat Technologies Calculated from electricity and process water 3.6% 0.8% 0.5%
1.1%

Mass Balance Sheet APK Inform; Nov-20 (FOB Argentina)

HUM Oil and Fat Technologies DUTCH2 BV
Feedipedia Optimus Agro

91%

Net Materials Net Utilities Depreciation

As per industry standards Salary sheet Operating Consumption Overhead Expenses
Financing Charges
As per industry standards Salary sheet
As per industry standards Salary sheet
As per industry standards Salary sheet
As per industry standards
2
 % Per ton Cost
91% 62409
1.1% 741
3.6% 2435
0.8% 515
0.5% 323

3.1% 2134
100% 68557

0.8% 0.5% 3.1%

91%

Net Utilities Depreciation

ption Overhead Expenses

`
Cost Study - Sunflower Oil Refining

Process: Sunflower Oil Refining

Location: LATAM
Country : Company Argentina
Capacity: 129871 tpa
Throughput: 125975 tpa
Ex Rate: 84.15 ARS/USD
Currency Argentine Pesos
t/t

RAW MATERIAL
Crude Sunflower Oil 1.00
Phosphoric Acid 0.001
Caustic Soda 0.004
Bleaching Earth 0.009
Citric Acid 0.0003
Filter Aid 0.005

TOTAL RM

UTILITIES
Electricity 24.86
Steam 0.158
Process Water 0.08
Cooling Water 22.00

TOTAL UTILITIES

CO-PRODUCTS
Crude Lecithin 0.0114
Acid Oil 0.0169

TOTAL CO-PRODUCTS

OPERATING COSTS
Manager 1.00
Supervisor 6.00
Operators 12.00
Labor 18.00
Direct Overheads 40.00
Maintenance 1.00
TOTAL OPERATING COSTS

OVERHEAD EXPENSES
Gen Plant Overheads 50.00
Tax/Insurance 1.00

TOTAL OVERHEADS

DIRECT CASH COST OF PRODUCTION (DCC)

FINANCING CHARGES

Working Capital Interest 1.00 months @

Interest on Loans
TOTAL FINANCING CHARGES
 Life (in years)
Depreciation: Machinery 15
Building 25

TOTAL DEPRECIATION

COST OF PRODUCTION
GENERAL SALES AND ADMIN COST
TOTAL COST OF PRODUCTION + GSA for 0.94 MT Oil
TOTAL COST OF PRODUCTION + GSA for 1 MT Oil
 Capital Cost:
Battery Limits - LC mill:

Offsites: 70% Battery:

Total Fixed Investment (LC mill):
Working Capital - LC mill:
Age of Plant (years)
Price Unit Cost
LC/T LC/T USD/t

t 68,557 68,557 815

t 74,889 105 1
t 21,036 78 1
t 63,109 568 7
t 31,975 8 0.1
t 68,157 339 4

69655 828
.

Kwh 4.5 112 1

t 486.2 77 1
m3 30.3 2.43 0.0
m3 1.8 39 0.5

230 3

t 71523 812 10
t 36603 620 7

1431 17

[Link] 16,41,287 13 0.2

[Link] 8,79,013 42 0.5
[Link] 4,33,033 41 0.5
[Link] 2,89,354 41 0.5
% wages 55 0.7
% BLCC 36 0.4
228 3

% Op. Costs 114 1

% Total Capital 61 1

175 2

68857 818

32 % pa 1897 23
30 % pa 0 0
1897 23
Life left (years) Years of depreciation to be added
14 1 239 3
24 1 101 1

340 4

71094 845
337 4
71430 849
73619 875
 Sources Summary

Cost Component Value

452.5 CPM SKET GmbH Net Materials 8594449224.7
Net Utilities 28983543.5
316.73 Depreciation 42834133.9
769.20 Operating Consumption 28772904.8
736.04 Overhead Expenses 22078497.6
1 Financing Charges 238919601.2
Cost pa Total 8956037905.66829
LC ,000
Cost Summary Currency Argentine Pesos
86,36,504 CPM SKET GmbH Direct Cash Cost 68857.26
13,208 CPM SKET GmbH DCC + WC Interest 1896.57
9,818 CPM SKET GmbH
71,551 CPM SKET GmbH
1,007 CPM SKET GmbH
42,673 CPM SKET GmbH

8774761

0.0034164893627 0.0017999922778 0.00222759797930.0

14074 CPM SKET GmbH 8914 2963 4546
9677 CPM SKET GmbH
305.6 CPM SKET GmbH
4926.6 CPM SKET GmbH

28984

102265
0.9814921284
78047 15665

180312

1641 Salary Sheet

5274 Salary Sheet
5196 Salary Sheet
5208 As per industry standards
6928
4525
28773

14386
7692

22078

8674284

238920
22078
238920
30164.88
12669.25

42834

8956038
42401
8998439
9274188
 % Per ton Cost
96% 68224
0.3% 230
0.5% 340
0.3% 228
0.2% 175
2.7% 1897
100% 71094

Net0.0096267549248
0.0017999922778 0.00222759797930.0014370370395 Materials
2963 4546 6467 0652
Net Utilities

Depreciation

Operating
Consumption

Overhead
Expenses

Financing
0.9814921284 Charges
15665

`
Residual oil content in pre-pressed cake

Oil content in seeds

Cake mass

Moisture Loss (Min)

Residual oil content in de-oiled meal after

extraction

Input (kg) Oil in seeds (kg)

100 44

Input (ton) Oil in seeds (ton)

1 0.44

Mass Balance
Basis : 1 ton crude Sunflower oil

One ton seeds give

Seeds required for one ton oil =

Oil produced after extractn =
Cake obtained after pressing =

Hexane required for one ton cake

Hexane required for .73 t cake

Meal produced (tons)=

Husk Produed (tons) =

Oil produced (tons)=

Electricity = 32
14

Steam = 120
230

Cooling 5
Water = 17

Residual solvent in meal

Residual solvent in oil

Hexane recovered =
 FFA %

0.5

Refining Losses Calculation

(Note:- Crude oil Phosphorous is considered 240 ppm)

Lecithin 0.68
6.80

0.175
0
0.15
0.325
11.35

Degummed Oil

0
0.5
0.15
0.65
9.10
Soapstock 18.20
979.55
3.9182

2.25
973.38

2.14
0.973
970.27

Conversion of Phosphorous to phosphatides

 18 %

44 %

26 %

5%

0.8 %

Pre-pressed cake (kg) Oil after pre-pressing (kg)

Oil in cake after pressing (kg)
5.71 31.71 37.79

Pre-pressed cake (ton) Oil after pre-pressing (ton)

Oil in cake after pressing (ton)
0.06 0.32 0.38

0.43 t oil and 0.26210

2.31 ton
0.127 ton
0.73 ton

0.0008 ton

0.0006 ton

0.61

0.59

kWh per ton seed

kWh per ton cake

kg/ton seed
kg/ton cake

m3/ton seed
m3/ton cake

0.03% 0.00018 ton

0.02% 0.00003 ton

0.00038
 CSFO (kg) Phosphoric acid (kg) Caustic Soda (kg)

1000 1.40 3.70

0.14% 0.4%

%degum losses (after washing with water)

water degumming loss

phosphorous
ffa
washing

Total degumming losses 1%

988.7

phosphorous
ffa
washing

neutralisation losses 1%

Degummed and Neutralised

Winterisation Losses 0.39%

bleaching losses 0.23%

bleached oil

deodorizer losses 0.31%

invisible losses (to cooling tower)
refined oil 2.97%
Husk/hulls 25

Residual oil content in husk 2

Husk removed with oil loss (kg) Oil in meal after extraction (kg) De-oiled meal (kg)

25.50 0.21 26.21

Husk removed with oil loss (ton) Oil in meal after extraction (ton) De-oiled meal (ton)

0.26 0.0021 0.26

t meal 0.26 t husk

Bleaching Earth (kg) Degumming loss (kg) Degummed Oil (kg)

9.00 11.35 988.65

0.9% 1.1%

1.1% 98.9%
%

% (by weight of husk)

Recovery
Total oil (kg) Moisture Loss (kg)
Oil after extraction (kg) %
5.50 43.29 5.00 98.39

Recovery
Total oil (ton) Moisture Loss (ton)
Oil after extraction (ton) %
0.05 0.4329 0.0500 98.39
Neutralization loss (kg) Degummed and Neutral Oil (kg) Winterisation Losses BEO loss (kg)

9.10 979.55 3.92 2.25

0.9% 0.4% 0.2%
Loss
%
1.61

Loss
%
1.61
Oil remaining after bleaching (kg) Deodorizer Loss (kg) Final Oil (kg)

973.382 3.11 970.27

0.3%

97.0%
 Weight of ffa in oil remaining after bleaching (kg) Soapstock (D) Output (kg) Acid Oil (kg) Refined Oil (kg)

1.36 18.20 16.93 970.27

1.8%

Refining Loss 2.97% 1.7%

Oil Loss % Oil Loss (kg)

2.97% 29.73