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Waste to Energy and Biomass set to be the recipients of huge capital injections up to 2020
According to Bloomberg New Energy Finance, “Investment in biomass and waste-to-energy is projected to increase from $14bn in 2010 to $80bn by 2020”.
Cascadia Capital, specialist investment bankers, corroborate this view – They believe that technologies capable of converting municipal solid waste to energy are ready for commercialization and will replace incinerators and landfills as the primary option for municipal solid waste. So the opportunity for technologies such as AD and gasification are clear. But the challenge of providing adequate and evidenced financials within a reliable supply chain remains difficult, with utility co-operation on off-take agreements providing one of the largest stumbling blocks.
But regardless of the sizeable challenges there is no doubt that the will for AD is strong. Meredith Sorensen of Harvest Power is unwavering in her support, saying that: “While the three groups that anaerobic digestion transects – waste, energy, and agriculture – have very distinct flavours, they share a common trait: they all care about the greater good. Increasingly we will see a cross-pollination of ideas and conversations as our society strives to put its organic materials to their highest and best use”.
The place where these three core areas of Waste, energy and agriculture are set to meet is San Francisco at this year’s Anaerobic Digestion Conference and Expo, which is set to be held on May 16-17. This event is purpose built to instruct waste management professionals use Municipal Solid Waste to build, expand and diversify a profitable Anaerobic Digestion and Biogas Business.
Coming together in San Francisco are:
• Paul Relis of CR&R and Daniel Hagen of Waste Management Inc., who will be addressing the waste management industry perspective and explaining why AD can work and why their companies are making significant investments in this area.
• Paul Sellew of Harvest Power and Geoff Rathbone of Progressive Waste., who will be talking about the project economics and the long term feedstock agreements that can make AD a profitable business proposition.
• Joining them are Michael Butler of Cascadia Capital and Scott Olson of Black & Veatch who will talk about financing and then building an efficient facility at the lowest cost.
The Event Director, Olive Saunders, has said of this event, “The purpose here is getting projects working – moving them from development to operation and doing so with solid financials. The guys that are presenting in San Francisco are the best placed people in the USA to do just that”.
To find out more about the Anaerobic Digestion Conference and Expo (San Francisco, May 16-17), go online and download the event brochure or call Oliver Saunders on 1800 814 3459 ext 7185