dri tio2 and energy consumption, page-6

Well... the world production of DRI is about 55Mt/a and projected to grow at around 5%pa due to the growth in EAF capacity for steelmaking.

Thats a capacity growth of around 2Mt/a required to meet demand (1-2 plants?). That's a massive market. Sales value = approx. 500M USD.

Other DRI process contenders seem to have energy consumption of a similar magnitude to the FINMET process, so considering the apparent energy efficiency of APG's DRI process, the cost impact of that energy on production and the fuel source flexibility allowing use of coal or gas.... I would see that as pretty attractive.

Lets say the production costs for 2Mt/a is around 400M USD/a with 25% profit. A 15% saving in those costs is 60M USD, so that's what it can be worth to the producer. Depending on desired ROFE, a potential producer may pay 300M USD extra (5 year payback) to achieve those savings.

That's several times current APG capitalization for a single plant!

There are a chain of assumptions/educated guesses here, so interpret with care.