MSEIV: Summary of Terms

Duration
The project will be carried out over a 3-year and 9 month period (4/1/2009 – 12/31/2012). The original duration has been extended to the end of 2012.

Deliverables
The possible deliverables for this project have been outlined in Project Vision. With sufficient support it is our hope to accomplish all of these objectives within the duration of the project. However, this will be largely dependent upon the number of subscribers to this consortium. The actual schedule and timing of deliverables will be strongly dependent upon the priorities expressed by the member companies. Thus, if a member company sets a particular chemical system as its first priority, that system will be given high priority for development.

Benefits
Consortium members would receive a number of unique benefits based upon their participation. The benefits include:

• Allowing OLI to accomplish the project vision, which can be used to great benefit by the individual members.

• The assurance that each member, in conjunction with item 3 of the objectives listed above, will be able to prioritize up to 25 workdays of OLI’s thermophysical modeling services based upon such work going to the OLI public databank. Alternatively, if the work is to be proprietary (based at least partially on client data), then up to 12.5 workdays could be provided. This represents $25,000 of modeling services fees that will be provided to each member.

• Providing to each member, periodically, comprehensive Excel spreadsheet documentation containing the quality assurance material comprised of experimental data, literature citations, and comparative plots. Only members of the MSE Consortium will be provided the full content of these spreadsheets covering the MSE Public Databank.

• Providing data fitting software utilized in conjunction with MSE together with an expert user training course in how best to utilize these facilities. Data fitting is a highly complex task that requires a thorough understanding of both thermodynamic properties and the model. For electrolyte systems, regressions are usually dramatically more involved than for nonelectrolytes. Tremendous progress has been made in the OLI fitting procedures with the introduction of multiproperty regressions and elimination of empirical fitting functions (a.k.a. Kfits) in favor of rigorous adjustment of thermochemical properties. There are already some “power users” outside of OLI who can effectively use the regression tool. We are offering to train members of the consortium in the use of the regression program so that they can become proficient in their own regressions.

• Earliest possible access to the software that results from this work. This can make all the difference on a time-critical application.

• Technical steering of the project, which will assure that the needs of individual member companies are reflected in this work. This provides your company with assurance of monitoring the project and working with other companies as well.

• Leveraging funding from any additional sponsored research or professional projects, which are directed towards the objectives of this project.

• Leveraging industry support for this Consortium based upon the participation and support of other members. The result is that funds from your company are multiplied.

Commitment
OLI is seeking a commitment of $25,000/year for each of three years to cover fully the cost of membership. This sum can be paid in three installments of $25,000 each, due by 1/1/2010, 1/1/2011, and 1/1/2012. OLI has extended the period of open membership until 12/31/2009. We appreciate your interest in this proposal and look forward to the possibility of working with your company in conjunction with this exciting project.