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Enfield, London The Enfield Biomass project is a 12MW biomass gasification project located in Enfield, London. The project has secured full planning and permitting approval and is ready to construct. The Company obtained an updated planning permission for converting 60,000 tonnes per annum of Grade C wood waste in January 2014. An environmental permit was received April 2012. As part of the Examinership process, the Company ceased to pursue the legal action, which was announced on the 3 June 2015, in relation to the Enfield Biomass Limited property lease agreement and has agreed to the revocation of the existing lease on that site. The site has currently been put up for sale by the existing landlord. The Company intends to open discussions with a new owner in relation to the future of this site and further updates will be made as and when appropriate.
· EBIOSS has currently an agreement with Energy China for project financing of 75% of the total project value. Additionally Energy China is committed to provide the 50% of the equity · EBIOSS has relationships with different international funds · Energy China is ranked #15 in top 250 Global Contractors
By building solid urban waste plants in the UK, Ebioss Energy has two earning sources: those from selling energy (market price) and recurring income for destroying waste, Gate Fee. Additionally, Brexit is an added benefit, because the cost of exporting tons of RDF -to countries like Germany, Sweden or the Netherlands- is expected to go up, due to the saturation levels in the UK’s garbage dumps. Ebioss Energy’s proposal, in collaboration with China Energy, makes eliminating waste in the UK more profitable.
Uc deal
Is 24th still deadline for us deal?
Im not sure how much knowledge you have on the Coal strategy or how closely you follow the developments but the company is currently entering a phase of execution on projects and unlocking value for shareholders. As you might be aware the last three years have been spent cleaning up and repositioning the company in order for us to develop our Limpopo assets. We have settled all debt, we have obtained very stable shareholders that have great confidence in our projects and support our efforts financially, and have very good relationships with our large shareholders. We have successfully completed a major cost cutting exercise and the company is now ready to move forward without any legacy or legal issues. To obtain a cash generating operation was our short term strategy and the Universal acquisition will provide exactly what the company requires in the short term, and allow us to focus on the development of Makhado. We are confident that the company is at a turning point and well placed to commence on a fresh start – executing on our development strategy as committed. Nothing new but promising
Just had a very promising email from coal of Africa, bit slow to reply but all sounds good. Not sure how to post it on here tho?