capex costs, page-6

I base capital costs on modified version of BBY report on LNC which as Dan Ash states has estimates for various items. However, MEE plan to produce ammonia and not GTL liquids so you should correct for that. Scale is also a bit different. The MEE business model is to sell syngas to others with offtake agreements (I expect). So MEE would not necessarily invest in the downstream plants that use the syngas. In the case of ammonia, I expect IPL will do most of the downstream stuff (haven't bothered to check this - feel free to correct me if I'm wrong). So, then question will be how to price the syngas produced for sale into IPL's plant. Unlike ammonia and diesel, the syngas is not a product with a clearly defined price in a market. Probably like LNG contracts, the syngas price will be specified in the terms related to gas/oil price etc.