Eco Investor August 2015

Pre-Revenue Securities

More Progress for AnaeCo

The full start-up of AnaeCo's first municipal waste-to-energy plant is continuing with the biological ramp up phase of commissioning now successfully completed and the company's DiCOM bioconversion process meeting expectations and fully proven.

The next step is the commencement of performance trials, which will be the final phase in commissioning the Perth plant.

At present, Australia generates significant municipal solid waste but much of this goes to landfill. AnaeCo's patented system can recycle this waste into renewable energy from biogas, organic fertilizer, and recyclables such as steel, aluminium, glass and plastics.

There is a huge opportunity to commercialize this wasted waste, and AnaeCo has developed technology to do it. But proving the technology and the process has been a massive undertaking and after many years it is only now coming to fruition.

The first plant has been built but commissioning it has not been straight forward. The ramp up phase lasted 12 months compared to the original plan of 18 weeks.

The main delays, for five months, were caused by process water storage tank leaks; and for two months by faulty mechanical equipment in the conveying systems that service the bioconversion vessels.

But despite the numerous delays due to mechanical equipment failures that needed rectification, the biological activity and the biogas generation were continuous for the 12 months.

The early production and environmental numbers look good. Over the 12 months the plant processed 21 batches and over 6,300 tonnes of municipal solid waste, and produced 484 tonnes of biogas and an organic product.

The biogas was flared and abated 3,625 tonnes of CO2-equivalent through the destruction of methane. The net carbon abatement achieved was 170 tonnes of C02e per week and this accounted for the site's energy consumption. Annual processing at these levels would be equivalent to taking 832 passenger vehicles off the road for one year, said AnaeCo.

The organic product produced has been delivered to the plant owner's nominated off taker for assessment, and commercial arrangements for the off take are being negotiated. These negotiations do not involve AnaeCo, which runs the plant but does not own it.

The plant also had minimal odour and noise impacts, which is vital given its location near suburbia.

In June the plant was connected to the grid, which will receive excess power not needed by the plant. At full capacity the facility will process 55,000 tonnes of municipal solid waste each year and produce biogas containing 1,200 tonnes of methane, enough to provide around 800kWe of electrical power and 800kWt of thermal power.

When the plant is fully operational, AnaeCo will use it to demonstrate the technology and hopefully win contracts to build further plants around Australia.

It's a promising and exciting technology, but until some of these plants are up and running, AnaeCo will be a speculative investment for at several more years. (ASX: ANQ)

Adverts

 

 

 



 





Search Eco Investor


Adverts