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advfn linesal2: BBC Business news this morning- "China no longer taking the worlds plastic waste"- "USA/Japan desperately need an alternative to landfill and incineration". Time for the PHE marketing department to become known to these desperate countries or at least the BBC. IMHO
Hi spawney100,
Keith has spoken many times in interviews about this, the baseline is feeding straight into the grid, minimum tariff for that should be £40/MWh, but his preferred option would be direct to a local customer where we and the customer get a better deal i.e. they get it cheaper than the standard commercial tariff and we get more than the grid feed in tariff, somewhere between £70 and £100/MWh.
With up to 72MWh per day from a power only G3 that's an annual income for the electricity of between £1m for feeding into the grid and £2.52m for the best private wire tariff.
Remember, the output of up to 72MWh is after taking off the power required to run the G3.
Also, remember that W2T have had a representative in Japan for the past 12 months where the gate fees for the waste plastic are £200/t and the feed in tariff for the electricity is £100/MWh.
Hope that helps.
Hi telephoneman. I had a discussion on another forum beginning with ADV recently about how profit would be made from exporting electricity to the grid. My interlocutor seemed to think it would be paid according to Feed in Tariff Scheme but this will certainly not be the case imo. There is no provision for waste gasification to be paid through FiTS and the scheme is being phased out anyway. Interested in your comments about private wire arrangement. Is this something the company has put out some information on or rather what you are thinking will be the route they go?
3,000,000 £15k buy at 0.50p
3,000,000 £15k
Telephoneman / Bazza thanks re the patent info appreciated.
Thanks for that Bazza.
Just adding to the response if I may, I believe they are structuring patents of the IP in packages, which does not cover the entire process in one patent. This safeguards the technology and makes replicating it much more difficult.
David Ryan, the Engineering Director stated that he has experience of this in the past.
Telephoneman - Thanks for that it certainly helps.
Hi Rambo, Keith has stated that they will apply for patents at a time when they do not give too much away too early.
Telephoneman - Thank you that is very helpful. I read the W2T Pre IPO doc this am and found it very interesting. You have helped join some dots as when I read the company presentation last night on the website I couldn't see details on the cost per unit etc hence my question.
In terms of IP what security do they have in this regard if any?
Bought in earlier today. I like fact this has the opportunity to deal with a significant real world issue. Could be a game changer.I will continue to read any previous docs I can find.
Thanks
stoked, the plan is to roll-out DMG, at 25tpd. Then as the technology proves itself upscale from there. Yes, the income from the machine is huge and I’m very pleased to view the validity of PHE, statements from a third party reference recent RNS.
Hi stokey, yes that is of course per unit.
Some sites will require just the one unit whilst others will require multiple units but lets not forget that one of the reasons for a 25t/d unit is that it is sited where the rubbish is, to save transporting rubbish any further than is necessary.
The next step is the unit that can separate out the hydrogen, producing up to 2 tonnes per day, depending on feed-stock, these units will pay a royalty of up to £800,000 per year, assuming the sale of the hydrogen at £5/kg.
Any power generation only G3 can be upgraded at a later date to enable hydrogen separation and increased income.
Hope that helps.
The only problem with alleged profit forecasts: there isn't an operational G3 unit anywhere to be seen.
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DYOR
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telephoneman - I take it that the £372,400 royalty payment you mentioned in your 13.10 post is per unit. In which case that raises the distinct possibility of a multi million pound income from royalty payments. Apologies for being lazy but is the G3 the only unit that would be available or will there be other units that will be available. I will not mind if you just point me to where I can find the information.
Hi Rambo,
The cost for a power generation only G3 will be in the region of £5m and as jaberbba rightly says, this does not need to be raised by PHE, W2T and partner(s) are funding the first unit and this will take about 8 or 9 months to build and install, subsequent ones will most likely be quicker (and cheaper).
What is more important is the income, W2T have stated 72MWh from a power only model with plastic as the feed-stock and that they would be able to sell that electricity via a private wire agreement at £60/MWh (or more).
So 25 tonnes of plastic per day at £80/t comes in at £700,000 for 350 days per year operation.
The electricity comes in at £1.512m for 350 days per year operation.
That's an income stream of £2.212m per year from which PHE get a 20% annual royalty fee after OPEX, W2T say that the OPEX could be as low as £350,000 for a co-located unit on an existing incinerator site and so the annual earnings on which the PHE royalty will be based would come in at around £1.826m, giving PHE £372,400 per year for no capital investment.
This licencing model means that the G3 is deployed globally much faster than PHE could ever do by trying to grow organically and the revenue stream will also grow much faster, and environmentally we reduce waste plastic and displace diesel and petrol much faster.
Hi, new to this stock. What is the expected cost for one of these units? and what would be the required build time etc?