Mr. John Melvin:

The business case in the 2018 application was to burn up to 70% of the finished product of the plant. That is the business case that was put forward and that was the right thing for the promoters to do. If that is the true and current business plan, it is right for them to tell us that is their plan. In September 2018, the draft recommendation was submitted to Mayo Renewable Limited. It asked for a copy of the draft recommendation and it received one. At that point in time, the promoters could see all of the calculations and all of the views of our advisers. They asked us to delay the decision-making process. At that point, if there were any material errors in our analysis, it was open to Mayo Renewable Limited to draw our attention to them. I do not think there is any debate or difference between ourselves and the applicants that in 2018 they asked to burn up to 70% of the high value product that comes out of the facility. There is no controversy about that but it leads to a very different business case. Mayo Renewable Limited, in giving the alternative, acknowledged that the cost of this product is high because it is of high quality. It proposed a high-efficiency dryer and demonstrated that, given this high-cost fuel, if the alternative was a high-efficiency dryer it would meet an economic test. However, the dryer uses approximately one third of the heat of the plant that is actually there. That is the big triggering difference between the decision made in 2018 and the one made in 2012. Mayo Renewable Limited was aware of all of this information in September 2018 at the latest because that is when it asked for and received a copy of our draft decision. There is no controversy between us as to the fact that in the 2018 application, the applicant was seeking to burn 70% of the valuable output of the whole plant. The whole enterprise is to make this valuable finished product and there is no controversy that in 2018, they sought to burn up to 70% of it. That is a big change and that is the key differentiator.