Waste2Tricity Ltd to present at CleanEquity Monaco 2019
Project developer and operator in the energy-from-waste sector Waste2Tricity Ltd has been selected to present at CleanEquity Monaco 2019.
CleanEquity is an annual invitation-only event hosted by Innovator Capital, the London based specialist investment bank and it provides “an intimate and collegiate setting for inventors and entrepreneurs to share their stories with delegates - key decision makers looking to assist them with reaching their commercial and strategic goals”.
Other partners and sponsors at CleanEquity include Prince Albert II of Monaco's Foundation, APCO Worldwide, Cision, Covington & Burling, Cranfield, Hobbs & Towne, Monaco Economic Board, Parkview International and Reliance Industries.
Established in 2008, Waste2Tricity (W2T) is a project developer and operator in the energy-from-waste sector and has been identified by an expert panel as one of the world's most innovative sustainable technology companies and has been selected to present to selected sovereign, corporate, family and professional investors & acquires, policy makers, end users and international trade media.
Its mission is to treat plastic waste as a fuel, preventing further contamination of the world's oceans and environment whilst at the same time creating clean energy and hydrogen.
Read the latest edition of CSO Magazine, here
W2T has an exclusive geographic license with PowerHouse Energy (AIM PHE), an AIM listed business that has developed a Distributed Modular Gasification system that is able to convert unrecyclable plastic into high-grade hydrogen for use as a transport fuel whilst also generating power for export by private wire or to the grid.
The company has commenced development of its first commercial project and is expected to complete this by the end of 2019. The first commercial project is to be located at a site in the North of England and will be designed to process 25 tonnes of unrecyclable plastic per day, charging a gate fee of £80 per tonne and power sales at £75 per MWh for the 58MWh produced each day.
In parallel, the company has been negotiating with waste management companies in developing a pipeline of future projects, which will be located alongside waste treatment, and plastic recycling companies who are keen to locate the next projects at their own waste treatment sites.
Drax advances biomass strategy with Pinnacle acquisition
The Group’s enlarged supply chain will have access to 4.9 million tonnes of operational capacity from 2022. Of this total, 2.9 million tonnes are available for Drax’s self-supply requirements in 2022, which will rise to 3.4 million tonnes in 2027.
The £424 million acquisition of the Canadian biomass pellet producer supports Drax' ambition to be carbon negative by 2030, using bioenergy with carbon capture and storage (BECCS) and will make a "significant contribution" in the UK cutting emissions by 78% by 2035 (click here).
This summer Drax will undertake maintenance on its CfD(2) biomass unit, including a high-pressure turbine upgrade to reduce maintenance costs and improve thermal efficiency, contributing to lower generation costs for Drax Power Station.
In March, Drax secured Capacity Market agreements for its hydro and pumped storage assets worth around £10 million for delivery October 2024-September 2025.
The limitations on BECCS are not technology but supply, with every gigatonne of CO2 stored per year requiring approximately 30-40 million hectares of BECCS feedstock, according to the Global CCS Institute. Nonetheless, BECCS should be seen as an essential complement to the required, wide-scale deployment of CCS to meet climate change targets, it concludes.