Appraisal Economics valued a permit that conferred the rights to use patented technology underlying a unique coal gasification process. The technology provides the flexibility for the use of either conventional fossil fuel or alternative feedstocks such as biomass. This technology will be incorporated into a larger facility that will ultimately produce transportation fuels and electricity for sale into wholesale markets. The income approach was utilized, including an analysis of arm’s length royalty rates for similar technologies. The results of our study were used for financial reporting purposes.

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