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Pin to quick picksSimec Atlantis Share News (SAE)

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Simec Atlantis Energy In Talks For New Conversions To Power-From-Waste

Mon, 13th Aug 2018 12:44

LONDON (Alliance News) - Simec Atlantis Energy Ltd on Monday said it is making good progress on its flagship 220 megawatts power-station conversion project in Uskmouth, Wales.

The sustainable energy generation company believes that the conversion of the Uskmouth power station from coal to waste-derived Subcoal fuels can act as a prototype for a pipeline of future power-plant conversions globally.

Simec Atlantis said it has recently concluded milling trials on the N+P Subcoal pellets using vertical spindle roller mills in Germany.

Subcoal pellets are made from a combination of biogenic waste and non-recyclable plastic, Simec Atlantis said. These pellets will replace coal-fired generation at the company's Uskmouth facility, in Newport, south east Wales.

The results of the milling trials will inform the final design of the combustion system which will be retrofitted to the existing power station.

Post conversion, Simec Atlantis said the station will export 220 megawatts of baseload power to the grid using an end-of-waste energy pellet with an average calorific value of 20 mega joules per kilogram.

The conversion is expected to take 18 months post completion of front end engineering and design with a target of first production in the fourth quarter 2020. The converted station will have an operational life of 20 years, Simec Atlantis said.

Looking forward, the company said it is already in discussions with plant owners and operators in Europe, Australia, Asia and the US with respect to future conversions.

"This should be a very profitable project for the Simec Atlantis once it is operational in 2020," said Chief Executive Tim Cornelius.

"Cash flow generated from high-margin projects such as Uskmouth will allow us to fund growth through carefully selected and executed acquisitions in addition to our existing portfolio of in-house developments and organic growth opportunities," added Cornelius.

Shares in Simec Atlantis were trading 0.9% lower on Monday at 26.50 pence each.

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20 Nov 2018 14:33

SIMEC Atlantis sells 25pc of Uskmouth Power to Equitix

(Sharecast News) - Sustainable energy generation company SIMEC Atlantis Energy has signed heads of terms to sell a 25% shareholding in Uskmouth Power for £32.9m cash, it announced on Tuesday, to infrastructure fund manager Equitix.

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20 Nov 2018 11:30

SIMEC Atlantis Agrees To Sell 25% Uskmouth Power Stake, Shares Up 20%

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5 Nov 2018 10:30

SIMEC Atlantis Advances Plans For Uskmouth Power Station Conversion

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30 Oct 2018 11:14

Simec inks joint venture agreement with Normandy

(Sharecast News) - Simec has formed a joint-venture with Development Agency for Normandy aimed at developing a large-scale project in the region.

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30 Oct 2018 10:09

SIMEC Atlantis Plans New Major Tidal Project On Normandy Coast

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22 Oct 2018 11:48

SIMEC Atlantis Completes Offshore Operations On MeyGen Phase 1A

LONDON (Alliance News) - SIMEC Atlantis Energy Ltd said Monday it completed offshore operations in the Phase 1A of its flagship tidal power project MeyGen, located near Scotland.The energy

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24 Sep 2018 11:34

SIMEC Atlantis Loss Widens But Delivers Maiden Revenue In First-Half

LONDON (Alliance News) - SIMEC Atlantis Energy Ltd on Monday said it generated revenue for the first time in the first half of 2018, but its loss widened after the purchase of Uskmouth power plant

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3 Sep 2018 11:43

SIMEC Atlantis Says Liberty Will Invest GBP15 Million In Welsh Asset

LONDON (Alliance News) - SIMEC Atlantis Energy Ltd on Monday said Liberty Steel has begun a planned GBP15 million investment in new & upgraded equipment at Newport steel facility, adjacent to

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13 Aug 2018 10:01

SIMEC expects Uksmouth plant to be 'prototype' for coal conversions

(Sharecast News) - SIMEC Atlantis Energy expects its flagship Uskmouth power station in Wales to produce first energy by the end of 2020 and then stand as a prototype for a pipeline of coal-power conversions across the globe.

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18 Jun 2018 12:49

SIMEC Atlantis Energy Annual Loss Widens On Uskmouth Acquisition (ALLISS)

LONDON (Alliance News) - SIMEC Atlantis Energy Ltd on Monday said its loss widened in 2017 as it purchased Uskmouth power station in Wales.The natural resources firm said pretax profit in a

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