Member Info for originalharrystamper

No Phyl mate, the pellets are 100% waste-derived; made from 50% non-recyclable plastics and 50% biogenic (waste paper / cardboard) - so 100% non-recyclable waste. This isn't an update - this is more like a re-reading of the info that was already there and putting it into context.

oldtramp - I see where you are coming from. I assumed the subcoal pellets were indeed 50% non-recyclable plastic and 50% paper/cardboard. Having just had a look at your original link, if you click on the 'Alternative Fuels' tab you will see that they have 2 paper and cardboard derivatives called Paper Rejects and Paper Sludge:

Paper rejects is the coarse residue coming from the pulping process. Next to fibres there is a significant amount of (non-recyclable) plastics in the material. Due to this fact, this material is very well suited to be used as an alternative fuel in waste to energy boilers, but it can also be treated further to be upgrade to an alternative fuel such as SRF.

The fibres in paper and cardboard can get recycled approximately five times, depending on the type of paper which is being produced. The fibres are discarded in the pulping process and end up in a sludge we call paper sludge. This paper sludge is a valuable resource for many industries, both as an alternative fuel as well as an alternative raw material. Lignite boilers co-combust paper sludge, taking benefit from both the heating value as the calcium which is in the paper sludge.

I think SAE missed a trick in pointing out that the 50% cardboard/paper they use in the pellets is not paper and cardboard that could be recycled further. It wasn't clear enough at first and I assumed this 50% could have been recycled for other purposes. So, the pellets are using 100% of non-recyclable waste which is fantastic!!

A good summary here:

In October 2019, Atlantis announced that it had awarded Mitsubishi Hitachi Power Systems Europe GmbH (MHPS) the contract to carry out the design and development of the combustion system for the flagship Uskmouth Conversion Project in Newport, Wales. This contract included the largest ever combustion testing of the waste-derived fuel pellets, which will be used as fuel in the plant, at Mitsubishi Heavy Industries’s Research & Innovation Centre in Nagasaki, Japan.

The test conclusively proves that a pulverised fuel burner based on MHPS’s DS Ultra Low NOx burner can be used to stably combust the waste-derived fuel unsupported – in other words without any oil or gas support firing.

The burner was able to operate continuously at 25 MW thermal power using the fuel and is comparable in rating to the burners required for the Uskmouth Conversion Project.

During the testing, MHPS established that it was possible to feed large volumes of pulverised fuel to the burner via a pneumatic system without disturbances, at a rate that is comparable to that required at the Uskmouth Conversion Project.

MHPS also investigated and confirmed that flue gas emissions were within anticipated levels and that the burner was able to achieve expected low nitrogen oxides (NOx) performance whilst maintaining low carbon monoxide (CO) levels.

Following the successful completion of the test, the final stages of the pre-engineering, procurement, and construction (EPC) detailed design contract are now underway.

Final design studies include using the successful combustion test results to validate the computational fluid dynamics modelling, carrying out a more detailed Uskmouth boiler system refurbishment design, and confirming the requirements for refurbishment and enhancement of the existing flue gas treatment system.

MHPS will have completed all of this work by Q4 2020 at which point they will be able to make an offer for a fixed price supply of the combustion system under an EPC contract with terms and conditions suitable for project finance.

The bespoke fuel pellets, designed and produced by project partner and leading Dutch alternative fuel specialist N+P Group, contain approximately 50 percent biogenic waste material such as paper and cardboard, with the remainder made up predominantly of plastic waste.

https://bioenergyinternational.com/pellets-solid-fuels/successful-waste-pellet-combustion-tests-a-significant-milestone-for-uskmouth

No mate, N&P produce solid recovered fuel (SRF) and refuse derived fuel (RDF) and then upgrade SRF and RDF into the pellets known as subcoal. Mitsubishi Hitachi Power Systems (MHPS) were contracted by Simec Atlantis to design the combustion system for these pellets. What makes you think the subcoal pellets have been upgraded further?

For those who aren't familiar/aware of what the permit variation application actually is:

" If permitted, the plant would change from a Section 1.1 A(1) (a) installation: Burning any fuel in an appliance with a rated thermal input of 50 megawatts or more [coal fired power station], to a Section 5.1 A(1) (b) installation: The incineration of non-hazardous waste in a waste incineration plant or waste co-incineration plant with a capacity exceeding 3 tonnes per hour."

The proposed permit variation would be necessary as part of a larger conversion project plan by the operator which seeks to change the fuel source from coal to fuel pellets derived from waste, while utilising existing infrastructure where possible.
The application contains a description of how the proposed changes will affect the installation; the materials, substances and energy it will use and generate; the conditions of its site; the source, nature and quantity of its foreseeable emissions and their potential impact, the proposed techniques for preventing, reducing, and monitoring its emissions and preventing and recovering waste; and an outline of the main alternatives considered.

The proposed changes constitute a substantial variation to the Environmental Permit and would involve a change in the plant scheduled activity under the Environmental Permitting (England and Wales) Regulations 2016. If permitted, the plant would change from a Section 1.1 A(1) (a) installation: Burning any fuel in an appliance with a rated thermal input of 50 megawatts or more [coal fired power station], to a Section 5.1 A(1) (b) installation: The incineration of non-hazardous waste in a waste incineration plant or waste co-incineration plant with a capacity exceeding 3 tonnes per hour.

This change would require the plant to meet different environmental emission limits. There are no new point source emissions associated with the proposed variation. Emissions from existing release points will alter, but for most pollutants, will not be higher (and in some cases lower) than currently permitted.

OHS

Same - I find it odd that we haven't seen a TR1 for the last months worth of volume though? There have been some very chunky trades that suggest II trades imo.

Phyl - there is every chance it will and if I knew for definite I most certainly would sell my entire holding now and buy it all back (plus more) at sub 20p. The thing is, I don't want to risk that move in case news does drop whilst I'm out. Once again, its only hindsight that will tell us what we 'should' have done. Unfortunately for now, we are in the MMs hands and I wouldn't be surprised to see the continued drift down until we hear something positive. OHS

Excuse me Sir, may I see some form of identification before you enter this establishment?

Quick glance over hasn’t highlighted anything I don’t think I already was aware of - I do often scroll straight down to the ‘Going Concern’ section so it was very pleasing to see we are looking good until Sep 2021

Morning all. Alongside the lull in RNS activity I’ve also noted that SAE haven’t posted anything on twitter since the 3rd Sept and LinkedIn over 3 weeks ago. With so much going on with this company does anyone find that a little odd?....unless they can’t due to it maybe being labeled as price sensitive?

Its been a month and a day since the last RNS so given the lack of news I think this has held up pretty well all things considered. Yes we've had a drop of a circa 25-30% from the high we saw when we breached 30p but interestingly, no other TR1 (other than the one on 28/08/20) from all the buys and sells we have seen here? I'm also very interested to see how the MMs will react if SAE are granted the variation to the environmental permit if it were to land when we are in the early 20s of current SP - when we were around the 30p mark, 50p+ didn't seem unrealistic with an AIM intraday spike but I think this will take longer to get there now as I feel many will sell into the news to secure funds back and perhaps even many breaking even that bought into here those weeks ago. Having said that, I imagine additional news would come in quick succession regarding EPC, PPA etc.... once the permit is approved? OHS

Where is everyone? Have you all sold out?! Ha!

BM2 - as far as I can see it looks that way - interestingly, that's the emissions to air and emissions to water information....... The MMs aren't keen on us today though it seems :(

Well, I think somebody is maybe reading this forum....... Q3 and Q11 updates now posted on NRW site. I really like the opportunity to be able to read these and see the detailed information SUP are supplying. Keep up the great work SAE Team whilst us PIs sit quietly (well not always quietly!) and await further news.....OHS

BM2 et al: SAE have responded to 7 of the 11 questions posed:

1. Control of emissions iaw with BAT AELS
2. Flue Gas Times
3* Information on raw materials
4* Impact of emissions to Water
5. Bottom Ash handling and storage
6. Proposals for parts of the site not required for revised operations
7. Information on back up Diesel Generator
8. Site Plan
9* Impact of emissions to Air
10. Industrial Emissions Directive (IED) compliance
11* Noise impact assessment

(* denotes answers not yet submitted)

Also, note the time of the little rise today and subsequent fall back - pretty much soon after I posted the link to the NRW e-mail. Looks like the MMs are no more clued up here than we are. They took the price up on a hint that the response could be positive, digested it and realised it wasn't much to get excited about so took it back down. Hmmmm......Interesting. OHS

@hah - What do they want now mate?

Every one of their emails seems to be NRW requesting further info!!! I don’t know whether SIMEC aren’t answering all their questions or NRW are picking everything apart and asking for more?? It’s getting boring now. OHS

I think the SP would reflect if it was permit granting - Its more likely the email response back form NRW after SIMECs latest reply to their questions

There’s a new update on the Natural Resources link but I can’t open as I only have my phone - can someone check on a computer and update what it is on here? Cheers:

https://publicregister.naturalresources.wales/Search/Results?SearchTerm=PAN-008534&sortBy=Date&filters%5BLocation%5D=&filters%5BLocalAuthority%5D=&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date&SortRelated=Date

Yep, time to stop looking at the SP for a bit I think. Just worked out my average having bought in here initially with a lot of profit from other shares and buying twice on the recent drop and its 12.7p before I’m actually in the red so although I’m p***ed at the effect Covid is having on this stock I think it best to set some price alerts and wait for them to inform me rather than checking in on here every 5 mins! Absolute shame that this built from the 12p placing to 30p, only to see it keep falling back. I’m not risking selling to gamble for a few extra shares on a further drop and rebuy. OHS