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meeting minutes out. equipement has start to arrive to site.
https://docs.google.com/document/u/0/d/1A2dJH0pce0UUOsXvU8P-ltwdf76h5F04tmS6As2_HK4/mobilebasic
Going back over the previous press releases for this project I was particularly impressed with this statement from with EQT's partner Phoenix Energy about many more projects in California.
Gregory Stangl, Chief Executive Officer of Phoenix, commented:
"The technology developed by EQTEC represents a repeatable, scalable solution that could have a big impact on California's tree mortality crisis and related climate challenges. We are delighted to have a partner who shares a vision for building out a network of distributed biomass generation."
Its probably worth pointing out that California has a 3.2 trillion dollar economy, the largest in the States and taken individually would be the 5th largest in the world behind Germany, Japan, China and USA of course. So .......not a bad place to be selling electricity generators and waste/environment management systems. The massive forest fires there have galvanised the political will and the state is heavily into green initiatives and the hydrogen economy. North Fork could be a tremendous demonstration of the value of EQT's plant and once up and running could start to sell itself. Really whats not to like especially with EQTs seemingly ridiculous market cap. But will it get snapped????
The North Fork project is anchored on them having a contract to sell electricity at $199.72 per MWhour which is a very highly subsidies price.
https://cvnmtc.com/north-fork-community-power/
The central aim of the project and they are looking to do another 15 similar in the state is to manage lumber waste wood and historic waste wood in California. Apparently shutting down huge areas of the state due to forest fires is something it’s worth paying to avoid.
Bodes well for Eqtec once this project is online next year.
how is California creating the hydrogen economy. Hot of the press
https://www.engineerlive.com/content/how-california-creating-hydrogen-economy
Interesting link, I wonder if Japan Blue Energy is more similar to PHE or EQT?
Re aputure post (13.30)
Not sure if PHE DMG technology uses the Fischer-Tropsch (TP) process. VLS manufactures FT reactors and sells them I believe. I think they are involved in a TP process plant being built in Japan and one in USA. Ive also read that DMG technology has been approved in Japan. I havent read a description of DMG though so not sure what PHE uses if its not FT reactors. The intellectual property for the FT reactor lies i believe with VLS.
From the Arden EQT report they highlight the possible outputs from the EQT technology beyond combined heat and power.
.....This syngas can be used to generate high
efficiency electricity, heat or steam for industrial processes, or low
emissions liquid biofuels via a Fischer-Tropsch gas-to-liquids process.
Whether EQT can do this now Im not sure. Maybe Arden are just highlighting that EQT plant could, rather than do, accommodate FP reactors.
Any clarification most definitely appreciated.
Currently there is a syngas to liquid biofuels research project being run out of a Spanish University I think...
All of in RNS from around turn of last year as I recall.
What would be very interesting is what are the economics of EQT’s technology. Is it a waste reduction technology with some economic benefits from the syngas or is it a commercial proposition based on low cost waste inputs?
Either way it will prosper but if it’s a commercial stand alone solution without the need for subsidies then it will fly once the first project is implemented.
Sorry I meant “Really really fly!”
If we are to believe the Arden Note then the tech has a ROI in the 13%/annum region as compared to Solar (subsidised) at best 9%. In post covid world the subsidies are dead despite EU noises to the contrary.
We can be reasonably sure that government subsidy lagesse
Whoops can’t edit post, ignore last sentence...
Sorry no, a complex calculation I am afraid, but surely now the payments for solar/wind when the demand does not exist are history, Post covid no more money for that - it all has to stack up economically to be commissioned.
The other issue for solar is that there are currently no abandonment provisions in the budget. It’s all set up as if it will last indefinitely which isn’t the case and when decommissioning is started it will be expensive as solar panels are a ****tail of exotic metals most of which are not something you want in a landfill.
Windmill abandonment costs will be much less complicated and are likely to be covered by efficiency gains.
Anyway it all bodes well for EQT with its avoidance of landfill costs and taxes.
That ROI is likely for an unsubsidised power unit using agri waste? If using refuse derived fuel which local authorities pay to have disposed of, I'm sure the ROI figure would be greater.