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Biomass Energy Series – Woodchip Preparation Plant Model

October 8th, 2013 Posted in combined heat & power

Biomass Energy Series – Woodchip Preparation Plant Model

A new project finance model for a woodchip preparation plant is available now (see below for snipet of the model).

You can order via email

mars_ocampo@yahoo.com

or

energydataexpert@gmail.com

Once you have confirmed your order and explain why you need the model and for what purpose you will be using it, I will confirm the price, and once agreed mutually, you may remit the payment to my bank account which details I will email to the buyer.

The woodchip preparation plant takes in fuel wood was raw material and converts them into woodchips which goes then to a biomass CHP (combined heat and power) power plant that provides both electricity to the entire plant and surplus to the grid, and also provides heat/process steam to convert the woodchips into wooden pellets that will used in the biomass cogeneration power (CHP) power plant to produce steam to run a back-pressure and condensing turbine.

Here are some few columns of the model. Please order now to avail of my generous discounts.

Thanks.

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Parameters Units Value Total 0 0 1 2 3 4 5 6 7 8 9 10
Woodchip   Business
Operating   Period Calculations
Calendar Year 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
Net Electrical Output Year 0 0 1 2 3 4 5 6 7 8 9 10
Annual Pellet production tonnes/yr 0 0 0 0 0 0 0 0 0 0 0 0 0
Net electrical power output kW 0 0 0 0 0 0 0 0 0 0 0 0 0
  Gross plant heat rate   (power plant) Btu/kWh 12,500 0 0 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500 12,500
Annual Domestic pellet sales tonnes/yr 0 0 0 0 0 0 0 0 0 0 0 0 0
  Rate (domestic pellet   price) $/tonne 180.0000 0.0000 0.0000 180.0000 180.0000 180.0000 180.0000 180.0000 180.0000 180.0000 180.0000 180.0000 180.0000
Annual Export pellet sales tonnes/yr 0 0 0 0 0 0 0 0 0 0 0 0 0
  Rate (export pellet   price) $/tonne 180.0000 0.0000 0.0000 180.0000 180.0000 180.0000 180.0000 180.0000 180.0000 180.0000 180.0000 180.0000 180.0000
Annual Woodchip sales tonnes/yr 20,000 0 0 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000 20,000
  Rate (woodchip price) $/tonne 50.0000 0.0000 0.0000 50.0000 50.0000 50.0000 50.0000 50.0000 50.0000 50.0000 50.0000 50.0000 50.0000
Annual power generation MWh/yr 0 0 0 0 0 0 0 0 0 0 0 0
  Electricity tariff   (selling price) $/kWh 0.2500 0.0000 0.0000 0.2500 0.2500 0.2500 0.2500 0.2500 0.2500 0.2500 0.2500 0.2500 0.2500
NSP intensity factor tCO2e/kWh 0.8000 0.0000 0.0000 0.8000 0.8000 0.8000 0.8000 0.8000 0.8000 0.8000 0.8000 0.8000 0.8000
Annual carbon credits tCO2e/yr 0 0 0 0 0 0 0 0 0 0 0 0
  Rate (carbon credit   price) $/tonne 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000 0.0000
Initial availability of plant on an annual basis (50% up to   year 1) % 100.00% 1 0.00% 0.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Operating hours h/yr 8760 0 0 8760 8760 8760 8760 8760 8760 8760 8760 8760 8760
Exchange Rate and Escalation Year 0 0 1 2 3 4 5 6 7 8 9 10
Projected Exchange Rate PhP/US$ 44.000       44.000       44.000       44.000       44.000       44.000       44.000       44.000       44.000       44.000       44.000       44.000       44.000
Escalation Factors (CPI)
  Annual Escalation   (electricity tariff) % p.a. 2.00% 0.000 0.000 1.000 1.020 1.040 1.061 1.082 1.104 1.126 1.149 1.172 1.195
  Annual Escalation   (domestic pellet price) % p.a. 2.00% 0.000 0.000 1.000 1.020 1.040 1.061 1.082 1.104 1.126 1.149 1.172 1.195
  Annual Escalation   (export pellet price) % p.a. 2.00% 0.000 0.000 1.000 1.020 1.040 1.061 1.082 1.104 1.126 1.149 1.172 1.195
  Annual Escalation   (woodchip price) % p.a. 2.00% 0.000 0.000 1.000 1.020 1.040 1.061 1.082 1.104 1.126 1.149 1.172 1.195
  Annual Escalation   (wood cost) % p.a. 2.00% 0.000 0.000 1.000 1.020 1.040 1.061 1.082 1.104 1.126 1.149 1.172 1.195
  Annual Escalation   (O&M costs) % p.a. 2.00% 0.000 0.000 1.000 1.020 1.040 1.061 1.082 1.104 1.126 1.149 1.172 1.195
Revenue Year 0 0 1 2 3 4 5 6 7 8 9 10
Annual power generation MWh/yr                –                –                –                –                –                –                –                –                –                –                –                –
  Electricity tariff   (selling price) PhP/kWh                –                –         11.00         11.22         11.44         11.67         11.91         12.14         12.39         12.64         12.89         13.15
  Total electrical   power revenue PhP 000                –                –                –                –                –                –                –                –                –                –                –                –
Annual Domestic pellet sales tonnes/yr                –                –                –                –                –                –                –                –                –                –                –                –
  Rate (domestic pellet   price) PhP/tonne                –                –     7,920.00     8,078.40     8,239.97     8,404.77     8,572.86     8,744.32     8,919.21     9,097.59     9,279.54     9,465.13
  Total domestic pellet   sales PhP 000                –                –                –                –                –                –                –                –                –                –                –                –
Annual Export pellet sales tonnes/yr                –                –                –                –                –                –                –                –                –                –                –                –
  Rate (export pellet   price) PhP/tonne                –                –     7,920.00     8,078.40     8,239.97     8,404.77     8,572.86     8,744.32     8,919.21     9,097.59     9,279.54     9,465.13
  Total export pellet   sales PhP 000                –                –                –                –                –                –                –                –                –                –                –                –
Annual Woodchip sales tonnes/yr                –                –       20,000       20,000       20,000       20,000       20,000       20,000       20,000       20,000       20,000       20,000
  Rate (woodchip price) PhP/tonne                –                –     2,200.00     2,244.00     2,288.88     2,334.66     2,381.35     2,428.98     2,477.56     2,527.11     2,577.65     2,629.20
  Total woodchip sales PhP 000                –                –       44,000       44,880       45,778       46,693       47,627       48,580       49,551       50,542       51,553       52,584
Annual carbon credits tCO2e/yr                –                –                –                –                –                –                –                –                –                –                –                –
  Rate (carbon credit price) PhP/tonne                –                –                –                –                –                –                –                –                –                –                –                –
  Total carbon credicts PhP 000                –                –                –                –                –                –                –                –                –                –                –                –
DSRF Income (not implemented) PhP 000
Revenues (power, pellet, woodchip) PhP 000                –                –       44,000       44,880       45,778       46,693       47,627       48,580       49,551       50,542       51,553       52,584
$                –                –   1,000,000   1,020,000   1,040,400   1,061,208   1,082,432   1,104,081   1,126,162   1,148,686   1,171,659   1,195,093
Operating Expenses Overhaul cycle (5 years) 0 0 0 0 0 0 1 0 0 0 0 1
Gross plant heat rate (power plant) Btu/kWh                –                –       12,500       12,500       12,500       12,500       12,500       12,500       12,500       12,500       12,500       12,500
Normal degradation of heat rate % p.a. 0.50% 0.000 0.000 1.000 1.005 1.010 1.015 0.997 1.025 1.030 1.036 1.041 1.022
Overhaul recovery of heat rate (recovery, cycle years) 2.25% 90.00% 5
Actual gross plant heat rate with overhaul Btu/kWh                –                –       12,500       12,563       12,625       12,688       12,465       12,816       12,880       12,944       13,009       12,780
Annual power generation MWh/yr                –                –                –                –                –                –                –                –                –                –                –                –
Annual heat requirement MMBtu/yr                –                –                –                –                –                –                –                –                –                –                –                –
Woodchip requirement, million lbs MMlb/yr 6,000 Btu/lb                –                –                –                –                –                –                –                –                –                –                –                –
Woodchip requirement, tonnes (1,000 kgs) tonnes/yr 2.20462 lb/kg                –                –                –                –                –                –                –                –                –                –                –                –
  Rate (woodchip price) PhP/tonne 40.00 $/tonne                –                –     1,760.00     1,795.20     1,831.10     1,867.73     1,905.08     1,943.18     1,982.05     2,021.69     2,062.12     2,103.36
  Total woodchip cost   (power) PhP 000                –                –                –                –                –                –                –                –                –                –                –                –
Annual wood requirements to make wood chips tonnes/yr 114.29% of woodchip                –                –       22,857       22,857       22,857       22,857       22,857       22,857       22,857       22,857       22,857       22,857
  Rate (fuel wood   price) PhP/tonne 35.00 $/tonne                –                –     1,540.00     1,570.80     1,602.22     1,634.26     1,666.95     1,700.28     1,734.29     1,768.98     1,804.36     1,840.44
  Total fuel wood cost PhP 000                –                –       35,200       35,904       36,622       37,355       38,102       38,864       39,641       40,434       41,242       42,067
Annual woodchip fuel requirement tonnes/yr 0.75% of woodchip                –                –            150            150            150            150            150            150            150            150            150            150
  Rate (woodchip fuel   price) PhP/tonne 40.00 $/tonne                –                –     1,760.00     1,795.20     1,831.10     1,867.73     1,905.08     1,943.18     1,982.05     2,021.69     2,062.12     2,103.36
  Total woodchip cost   (fuel) PhP 000                –                –            264            269            275            280            286            291            297            303            309            316
Annual electricity requirement MWh/yr 0.000  kWh/tonne                –                –                –                –                –                –                –                –                –                –                –                –
  Electricity tariff   (selling price) PhP/kWh                –                –         11.00         11.22         11.44         11.67         11.91         12.14         12.39         12.64         12.89         13.15
  Total electricity   requirement PhP 000                –                –                –                –                –                –                –                –                –                –                –                –
Water PhP 000 0.000 $ per month                –                –                –                –                –                –                –                –                –                –                –                –
Communications PhP 000 41.667 $ per month                –                –              22              22              23              23              24              24              25              25              26              26
Manpower and management (13 months) PhP 000
  Manager (1) PhP 000 0.000 $ per month                –                –                –                –                –                –                –                –                –                –                –                –
  Operators (2) PhP 000 5,000.000 $ per month                –                –         2,640         2,693         2,747         2,802         2,858         2,915         2,973         3,033         3,093         3,155
  Consultants (2) PhP 000 0.000 $ per month                –                –                –                –                –                –                –                –                –                –                –                –
  Security (2) PhP 000 0.000 $ per month                –                –                –                –                –                –                –                –                –                –                –                –
O&M contract PhP 000 1,250.000 $ per month                –                –            660            673            687            700            714            729            743            758            773            789
General supplies PhP 000 41.667 $ per month                –                –              22              22              23              23              24              24              25              25              26              26
Insurance PhP 000 166.667 $ per month                –                –              88              90              92              93              95              97              99            101            103            105
Property taxes, permits & licenses PhP 000 83.333 $ per month                –                –              44              45              46              47              48              49              50              51              52              53
Wood royalty PhP 000 1,000.000 $ per month                –                –            528            539            549            560            572            583            595            607            619            631
DSRF Expense (not implemented) PhP 000
Total O&M Costs PhP 000                –                –       39,468       40,257       41,063       41,884       42,721       43,576       44,447       45,336       46,243       47,168
Total O&M Costs $                –                –      897,000      914,940      933,239      951,904      970,942      990,360   1,010,168   1,030,371   1,050,978   1,071,998
Operating Gross Margin (Revenues – Total O&M Costs) $                –                –      103,000      105,060      107,161      109,304      111,491      113,720      115,995      118,315      120,681      123,095
Interest on debt $                –                –       11,507       10,657         9,742         8,755         7,693         6,548         5,316         3,988         2,558         1,018
Depreciation $                –                –       11,250       11,250       11,250       11,250       11,250       11,250       11,250       11,250       11,250       11,250
Amortization of capital additions $                –                –                –                –                –                –                –                –                –                –                –                –
Total Expenses $                –                –      919,757      936,847      954,230      971,909      989,884   1,008,159   1,026,734   1,045,609   1,064,787   1,084,266
Net income before corporate tax $                –                –       80,243       83,153       86,170       89,299       92,548       95,922       99,429      103,076      106,873      110,827
Corporate tax $ 40% 0                –                –       32,097       33,261       34,468       35,720       37,019       38,369       39,772       41,231       42,749       44,331
Net income after corporate tax $                –                –       48,146       49,892       51,702       53,580       55,529       57,553       59,657       61,846       64,124       66,496
Retained earnings – beginning $       48,146       48,146       49,892       51,702       53,580       55,529       57,553       59,657       61,846       64,124
Dividends $       48,146       48,146       49,892       51,702       53,580       55,529       57,553       59,657       61,846       64,124
Retained earnings – ending $       48,146       49,892       51,702       53,580       55,529       57,553       59,657       61,846       64,124       66,496
Net Cashflow and Returns Year 0 0 1 2 3 4 5 6 7 8 9 10
Net profit after tax $       48,146       49,892       51,702       53,580       55,529       57,553       59,657       61,846       64,124       66,496
Addback:
  Depreciation &   Amortization $       11,250       11,250       11,250       11,250       11,250       11,250       11,250       11,250       11,250       11,250
  Working Capital $
  Salvage Value $
Add:
  DSRF Income $
Less:
  Principal Repayment $       11,021       11,871       12,787       13,773       14,835       15,980       17,212       18,540       19,970       21,511
NET CASH FLOW $       48,375       49,271       50,165       51,056       51,943       52,823       53,695       54,556       55,404       56,236
Return on Equity (ROE) – based on net cash flow
Equity Investment by Shareholders (Equity Portion of Project   Cost) $ 10.00%      (67,500)
Annual Dividends Payable $       48,375       49,271       50,165       51,056       51,943       52,823       53,695       54,556       55,404       56,236
Net Cash Flow to Shareholders $           460,686 NPV      (67,500)       48,375       49,271       50,165       51,056       51,943       52,823       53,695       54,556       55,404       56,236
Equity Payback Period years 1.39 PAY      (67,500)      (19,125)       30,145       80,310      131,367      183,310      236,133      289,828      344,384      399,788      456,023
Equity Internal Rate of Return – Nominal % 73.6% IRR 1.39
74.9% using dividends
Return on Investment (ROI) – based on net cash flow
Uses of Funds During Construction (Project Cost) $ 10.00%     (225,000)
Annual Dividends Payable $       48,375       49,271       50,165       51,056       51,943       52,823       53,695       54,556       55,404       56,236
Net Project Cash Flow $           317,504 NPV     (225,000)       48,375       49,271       50,165       51,056       51,943       52,823       53,695       54,556       55,404       56,236
Project Payback Period years 4.50 PAY     (225,000)     (176,625)     (127,355)      (77,190)      (26,133)       25,810       78,633      132,328      186,884      242,288      298,523
Project Internal Rate of Return – Nominal % 24.2% IRR 4.50
24.7% using dividends
Balance Sheet Accounts Year 0 0 1 2 3 4 5 6 7 8 9 10
Receivables
  Revenues $   1,000,000   1,020,000   1,040,400   1,061,208   1,082,432   1,104,081   1,126,162   1,148,686   1,171,659   1,195,093
  Receivables $ 30 days       82,192       83,836       85,512       87,223       88,967       90,746       92,561       94,413       96,301       98,227
  (Increase) Decrease   in Receivables $      (82,192)        (1,644)        (1,677)        (1,710)        (1,744)        (1,779)        (1,815)        (1,851)        (1,888)        (1,926)
Stocks & Inventories
  Fuel Wood $
  Woodchip $
  Total Stocks &   Inventories $                –                –                –                –                –                –                –                –                –                –
  Stocks &   Inventories $ 30 days                –                –                –                –                –                –                –                –                –                –
  Increase (Decrease)   in Stocks & Inventories $                –                –                –                –                –                –                –                –                –                –
Payables
  Total expenses net of   stocks & inventories $      897,000      914,940      933,239      951,904      970,942      990,360   1,010,168   1,030,371   1,050,978   1,071,998
  Payables $ 30 days       73,726       75,201       76,705       78,239       79,803       81,399       83,027       84,688       86,382       88,109
  Increase (Decrease)   in Accounts Payable $       73,726        (1,475)        (1,504)        (1,534)        (1,565)        (1,596)        (1,628)        (1,661)        (1,694)        (1,728)
Capital cost
  Non-depreciable $                     –                –
  Depreciable $           225,000      225,000       50,000
  Total capital cost $           225,000
Financing of capital cost
  Debt $           157,500 70% 7.50% 50%      157,500       25,000
  Equity $            67,500 30% 10.00% 50%       67,500       25,000
  Total capital cost $           225,000 100% 8.25% 100%
Working Capital Needs (WCN)
  Receivables (+) $ 30 days       82,192       83,836       85,512       87,223       88,967       90,746       92,561       94,413       96,301       98,227
  Stocks &   Inventories (+) $ 30 days                –                –                –                –                –                –                –                –                –                –
  Suppliers (Payables)   (-) $ 30 days       73,726        (1,475)        (1,504)        (1,534)        (1,565)        (1,596)        (1,628)        (1,661)        (1,694)        (1,728)
  WCN $         8,466       85,310       87,016       88,757       90,532       92,342       94,189       96,073       97,995       99,954
Loan Repayment Schedule (Principal + Interest) Period (month) 1 2 3 4 5 6 7 8 9 10 11 12
Loan #1 10 years
4 quarters
40 periods
7.50% p.a.
1.88% per quarter
3.58% CRF
70% $157,500 AMT
$5,632.06 PMT
Beginning Balance      157,500        154,821        152,092        149,312        146,479        143,594        140,654        137,659        134,608        131,500        128,333        125,108
Interest         2,953         2,903         2,852         2,800         2,746         2,692         2,637         2,581         2,524         2,466         2,406         2,346
Principal         2,679         2,729         2,780         2,832         2,886         2,940         2,995         3,051         3,108         3,166         3,226         3,286
Ending Balance      154,821        152,092        149,312        146,479        143,594        140,654        137,659        134,608        131,500        128,333        125,108        121,821
Loan #2 1 years
4 quarters
4 periods
7.50% p.a.
1.88% per quarter
26.18% CRF
$100,000 AMT
$26,182.76 PMT
Beginning Balance
Interest
Principal
Ending Balance
Year 1 1 1 1 2 2 2 2 3 3 3 3
Beginning Balance        157,500        154,821        152,092        149,312        146,479        143,594        140,654        137,659        134,608        131,500        128,333        125,108
Interest         2,953         2,903         2,852         2,800         2,746         2,692         2,637         2,581         2,524         2,466         2,406         2,346
Principal         2,679         2,729         2,780         2,832         2,886         2,940         2,995         3,051         3,108         3,166         3,226         3,286
Ending Balance        154,821        152,092        149,312        146,479        143,594        140,654        137,659        134,608        131,500        128,333        125,108        121,821
Interest       11,507       10,657         9,742
Principal       11,021       11,871       12,787
Loan Repayment Schedule
Beginning  Balance $      157,500      146,479      134,608      121,821      108,048       93,213       77,233       60,021       41,481       21,511
  Interest $       11,507       10,657         9,742         8,755         7,693         6,548         5,316         3,988         2,558         1,018
  Principal $       11,021       11,871       12,787       13,773       14,835       15,980       17,212       18,540       19,970       21,511
Ending  Balance $      157,500      146,479      134,608      121,821      108,048       93,213       77,233       60,021       41,481       21,511              (0)
Annual debt service (principal + interest) $       22,528       22,528       22,528       22,528       22,528       22,528       22,528       22,528       22,528       22,528
Debt Service Reserve Fund (DSRF) 6 months       11,264       11,264       11,264       11,264       11,264       11,264       11,264       11,264       11,264       11,264
DSRF Income 4.00% DSRF Income            451            451            451            451            451            451            451            451            451            451
Withholding Tax on Forex Fund 7.50% WhTax
DSRF Expense 0.30% DSRF Expense              34              34              34              34              34              34              34              34              34              34
Depreciation Schedule
Beginning Balance $           225,000      225,000      213,750      202,500      191,250      180,000      168,750      157,500      146,250      135,000      123,750
  Depreciation $ 20 0       11,250       11,250       11,250       11,250       11,250       11,250       11,250       11,250       11,250       11,250
Ending Balance $ 0%         11,250      225,000      213,750      202,500      191,250      180,000      168,750      157,500      146,250      135,000      123,750      112,500
Capital Additions Depreciation Schedule
Beginning Balance $           100,000
  Depreciation $ 14 7
Ending Balance $ 0%           7,143
Balance Sheet (before dividends payment) Year 0 0 1 2 3 4 5 6 7 8 9 10
ASSETS
Cash       72,006       74,126       75,433       75,864       75,347       73,808       21,166       17,333       12,214         5,710
Accounts Receivable (customers)       82,192       83,836       85,512       87,223       88,967       90,746       92,561       94,413       96,301       98,227
Stocks (inventories)                –                –                –                –                –                –                –                –                –                –
Land
Fixed Assets
  Non-depreciable                –                –                –                –                –                –                –                –                –                –                –
  Depreciable      225,000      225,000      225,000      225,000      225,000      225,000      225,000      275,000      275,000      275,000      275,000
  Less: Accumulated   Depreciation       11,250       22,500       33,750       45,000       56,250       67,500       78,750       90,000      101,250      112,500
  Net Fixed Assets      225,000      213,750      202,500      191,250      180,000      168,750      157,500      196,250      185,000      173,750      162,500
TOTAL ASSETS      225,000      367,948      360,461      352,196      343,086      333,064      322,054      309,977      296,745      282,265      266,436
LIABILITIES
Accounts Payable (suppliers)       73,726       75,201       76,705       78,239       79,803       81,399       83,027       84,688       86,382       88,109
Corporate Taxes       32,097       33,261       34,468       35,720       37,019       38,369       39,772       41,231       42,749       44,331
  Total Short-term   Liabilities      105,823      108,462      111,172      113,958      116,822      119,768      122,799      125,919      129,131      132,440
Shareholder’s Advances
Long-term Debt (ending balance)      157,500      146,479      134,608      121,821      108,048       93,213       77,233       60,021       41,481       21,511              (0)
TOTAL LIABILITIES      157,500      252,302      243,070      232,994      222,007      210,035      197,001      182,820      167,399      150,642      132,440
EQUITY
Subsidy
Capital       67,500       67,500       67,500       67,500       67,500       67,500       67,500       67,500       67,500       67,500       67,500
Retained Earnings       48,146       49,892       51,702       53,580       55,529       57,553       59,657       61,846       64,124       66,496
Total Equity       67,500      115,646      117,392      119,202      121,080      123,029      125,053      127,157      129,346      131,624      133,996
TOTAL LIABILITIES &   EQUITY      225,000      367,948      360,461      352,196      343,086      333,064      322,054      309,977      296,745      282,265      266,436
Variance                –                –                –                –                –                –                –                –                –                –                –
Returns and Financial Ratios Year 0 0 1 2 3 4 5 6 7 8 9 10
  Earnings Before Tax and Interest       91,750       93,810       95,911       98,054      100,241      102,470      104,745      107,065      109,431      111,845
  Interest on Long-Term Debt       11,507       10,657         9,742         8,755         7,693         6,548         5,316         3,988         2,558         1,018
  Earnings Before Tax (Net Profit Before Tax)       80,243       83,153       86,170       89,299       92,548       95,922       99,429      103,076      106,873      110,827
  Corporate tax (Income Tax)       32,097       33,261       34,468       35,720       37,019       38,369       39,772       41,231       42,749       44,331
  Earnings After Tax (Net Profit After Tax)       48,146       49,892       51,702       53,580       55,529       57,553       59,657       61,846       64,124       66,496
  Total Sales   1,000,000   1,020,000   1,040,400   1,061,208   1,082,432   1,104,081   1,126,162   1,148,686   1,171,659   1,195,093
    Total Assets      367,948      360,461      352,196      343,086      333,064      322,054      309,977      296,745      282,265      266,436
  Total Investment (Net Debt + Equity)      213,979      202,108      189,321      175,548      160,713

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