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So the Plastic Park planning is likely to be delayed by Natural England wanting more information - I hope they pay more attention to the information provided than they do to their proof reading, seeing as they apparently received the reports from Romboll on 8th Feb 2021, 6 months before the planning was submitted.
Putting that typo to one side, and assuming they mean 2022 why were the Environmental reports only forwarded to N.E. in Feb when they were received by the council on 6th October 2021 ???
Just wonderin' .............
mjallen:
The new sub-station is pretty much complete as far as I can tell but no cabling connection has been made yet to Plot10B.
The footpaths around the area have been marked out with spray paint indicating the route for the service locations, but that is as far as it has got. Will take a closer look next time I'm down there.
Just a quick update to say that the access road to Plot 10B has had its final layer of asphalt laid along with accompanying footpath.
Appears that we are now in the hands of the Plastic Park Planning Permission and the announcement of financial closure before any further work will be apparent on the Plot itself, IMO.
Piltick:
Admiring your optimism there with that positive thought but can't recall any late additions to the agenda being made, from watching these things over the past few years, but you never know.
It did take 6 months for the original Plot 10B application to hit the agenda (Sept '19 - March '20) so April's meeting would be on a similar timescale, with the Plastic Park application being made in October last year.
Looks like we have at least another month to wait for the Plastic Park Planning Application to appear in front of the Planning Committee, as it's not on the agenda for the 1st March meeting.
https://cmttpublic.cheshirewestandchester.gov.uk/ieListDocuments.aspx?CId=827&MId=6844&Ver=4
Just been re-reading the income update and the optimisation update for El Romeral and I think there are some interesting details, in terms of potential tucked away in there.
The reference period of March - August suggests average weekly output of 283 MWhrs
The latest period of Sept-Dec(17 weeks) suggests average weekly output of 309 MWhrs, which is a 9% increase.
However, the optimisation project was only operational from 26th Nov, i.e. only affecting the last 5 weeks of the period.
Reasonable to assume that the first 12 weeks output was as the same as the reference period, which would indicate that the power output for the last 5 weeks (i.e. with the updates) was around 393 MWhrs per week.
i.e. a 39 % uplift over the reference period, which seems realistic as MR referred to a potential 65% uplift in the longer term.
Even with an ongoing 39% uplift this would translate into 363980 Euro per month based on 180 Euro/MWhr.
If 65% can be achieved with 24 Hr and 7 days/week potential coupled with a hike in wholesale gas prices that we have seen in the UK, this could be quite a cash cow. Looks like we will need more gas to feed the power station pronto, to fully utilise the 8.1 MWhr nameplate capacity. Having said that, there are utilisation restrictions that will limit the realistic output capacity below the 8.1MWhr.
Just for fun, if there is a further 50% increase in wholesale gas prices to 270 Euro and a 65% uplift in utilisation is achieved, this could represent about 546000 Euro per month.
A monthly update on El Romeral output/income figures would be good to see.
Significantly Blue today, with, I suspect, some late reported buys going through. Pretty glad I got mine sub 4p earlier in the week.
Seems like Pxen are getting their act together after some pretty dire leadership and direction from the previous CEO.
Now cashed up for Selva for the medium term and with plenty of potential with El Romeral in the shorter term, with increasing optimisation of production, set against a back drop of increasing electricity prices and then further gas production in the longer term.
Operastar:
I'm not sure whether you have answered your own question, but to clarify, I was meaning that the reference to the "start on site" is the start of construction at Plot 10, which follows the permissions granted to the whole Plastic Park, but with no mention of work commencing elsewhere in the Plastic Park.
In other words, the DMG is the priority within the Park, and will be progressed in isolation in the short term i.e. no dependencies.
From a personal perspective, I don't share the confidence in charts that some posters have on this BB, (even though I am an analytical kind of person), particularly on a developing tech company listed on a volatile aim market that is subject to the ebbs and flows of investor sentiment and nuanced issues or news.
Having said that, it is a case of each to their own and PHE is heading towards an extended period of potential good news and we should hopefully see a corresponding uplift in sp.
CEO to be taking up position soon with supporting new NEDs, planning permissions regarding Protos and Glasgow soon to be on the Planning Committees agenda, which should lead us into financial closure with the SPV, and then real construction on Plot 10B at Protos.
Peel have picked up the pace regarding the access road to the plot in readiness for the construction traffic, so good signs all round.
My reading from the Peel NRE 2022 programme is that Plot 10B will crack on regardless of the other plots included in the Plastic Park Planning Application, so we should be without dependencies, in the short term, on the whole Plastic Park concept.
From a company perspective, we are moving to a 'good to go' position but global issues re: Ukraine, Russia, China seem to be taking the edge off investor confidence, at the moment, which is noticeable in the trading volumes in the stocks I'm watching. These issues could provide a little head wind, but hopefully they are dissipated by the time our good news comes knocking and the sp has a clear run.
Base layer of asphalt now laid on our access road to Plots 10B and 13, with continuing activity tidying the surrounding verges.
Looks a little incongruous with the road's abrupt stop on the edge of Plot 10B.
The Road to Nowhere (but not for long, I suspect)
It's been nearly 6 months since the planning application was submitted for the Clydebank site, and on checking West Dumbartonshire Councils website the next planning meeting is scheduled for the 16th Feb.
Hopefully on the agenda for that meeting.
Good to see commitment from Peel in their plans for 2022 for the DMG plant. Hoping that the solitary mention of the "Plastic to hydrogen Plant" indicates that this will progress on a stand alone basis with no dependencies in the short term, on the remaining units being constructed.
With the sub-stations being completed for import/export of power we should be good to go for syngas and power generation by the end of the year, IMO.
Bring on the new CEO and the announcement of the financing of the plant cant be far away.
Also Hdro have increased their holding by 500,000 + shares.
Additional polling results added by Pitagorica for 21-24 Jan indicating an increasing swing back to the PS (Socialist) Party.
Looks like Pitagorica are doing a rolling 3 day poll up to the election.
https://en.wikipedia.org/wiki/Opinion_polling_for_the_2022_Portuguese_legislative_election
This might be useful :
https://en.wikipedia.org/wiki/Opinion_polling_for_the_2022_Portuguese_legislative_election
Good to see the "variations" to Plot10B consented planning on the Feb 1st agenda.
It would have been a big bonus to have the Plastic Park Planning application on the same agenda, maybe March then.
Hi Piltick:
Just updated myself on the docs re: the Plastic Park Planning Application
I see that Andrew Russell (Tech Director) has responded to H. Honeysett (11th Jan Further Information) regarding the comments raised, and he deals with each in turn. Obviously it depends on how satisfactory the Planning Committee considers these responses to be. We shall see, in due course, hopefully on the 1st Feb as you say.
Must say, that having cycled down Grinsome Road on many occasions, the comments about a lack of cycle lane on the approach to Protos, do ring true, particularly if there is to be an increase in HGV traffic.
A couple of vids of Plot 10B from this afternoon.
https://www.youtube.com/watch?v=Y3RGzXqd1M8
https://www.youtube.com/watch?v=4LftoQvJNto
Nice sunny afternoon for a walk down to the Protos site to see what is happening down there.
Firstly the Covanta site (Plot 8) is very busy with piling and cranes constructing concrete superstructure.
Plot 10B is very much as it was previously, still a shrubland.
However, work has recommenced on extending the foundations of the Plot 10B/Plot 13 access road, up to Plot 10B itself, with aggregate laid and being consolidated as we speak.
Kerbstones have been delivered and were being moved on pallet, to position on the access road, in preparation for being laid.
So, some progress but still very much focussed on the access road, as we would expect. So I assume next steps would be kerbs and then asphalting.