Estimate a value for the total project cost

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Reference no: EM131157475

A preliminary (Class 4) estimate of the ISBL capital cost of building a 200,000 ton per year ethanol plant by corn dry milling has been stated as $130 MM -30%/+50%. The plant is to be built on a greenfield site and offsite costs are estimated to be between $40 MM and $60 MM. Estimate a value for the total project cost that will give 98% confidence that the project can be carried out within the amount estimated.

Reference no: EM131157475

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