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Aspen Power, LLC Danny Vines, President October 7, 2010.

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Presentation on theme: "Aspen Power, LLC Danny Vines, President October 7, 2010."— Presentation transcript:

1 Aspen Power, LLC Danny Vines, President October 7, 2010

2 Aspen Power, LLC Located in Lufkin,TX 50 MW direct-fired biomass facility Utilizing Stoker Technology Implementing SCR Technology Will Consume 525,000 tons of biomass/annually Aerial View of Aspen Site

3 Environmental Sustainability A direct fired 50, megawatt biomass plant reduces carbon emissions 250,000 tons annually EPA’s target for CO2 emissions = 1,000 units/m 3 Utilizing today’s technology Aspen Power, LLC’s emissions = 15.8 units/m X Cleaner than the EPA Standard Woody biomass is a Carbon-Neutral operation Manufacturing green-renewable energy creates jobs not exposed to overseas cheap labor - electricity cannot be imported All plant components are manufactured in the U.S. Majority in Texas

4 Biomass Resource Availability Logging Debris Urban/Municipal Wood Waste Mill Waste In-Woods Chipping

5 Logging Debris An estimated 8 Billion lbs of Logging Debris in the East Texas Region

6 Logging Debris Cont’d Utilizing logging debris for Bio-energy reduces the need for expensive site preparation Provides additional income to the forest landowner Clearing logging debris speeds reforestation growth

7 Urban Wood Waste 660 lbs/person/year in U.S. 22 Million Texans produce 14.5 Billion lbs/year Majority of urban biomass is not utilized Large volumes are sent to landfills at great expense

8 Utilizing Urban Biomass Using urban biomass for Bio-energy production conserves valuable landfill space Saves disposal expense and provides income to cities/counties

9 Utilized Technology/Equipment John Deere 1490D Wood Energy HarvesterEnergy Diamond Z- Grinders Transportation of Biomass

10 John Deere 1490D Wood Energy Harvester

11 Diamond-Z Grinders

12 Fuel-Handling Site (Aspen)

13 Projected 10 Year Economic Impact (Aspen) Direct permanent jobs created = 160 Total indirect jobs created = 245 Direct & Indirect salaries paid = $151.6 Million City ’ s sales Taxable sales gain = $67.8 Million Plant ’ s assets on local tax rolls = $95.5 Million Net benefits for local taxing districts = $12.4 Million

14 Future Project Greenville Energy, LLC 63 MW Generation Capacity New renewable energy biomass-fired plant utilizing some assets currently used in a fossil fuel facility Construction Cost: $80 Million Primary Financing: Industrial Revenue Bonds Consume 700,000 tons of biomass on an annual basis Will Utilize Stoker Furnace/Boiler Technology

15 Greenville Energy Site

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17 Development of Biomass Facilities in Rural Texas Create employment opportunities Generate tax revenues Stimulate local economies in rural communities Diversify the State of Texas’ energy supply Facilitate the State of Texas in steering away from the dependence of fossil fuels and foreign oil

18 BIOMASS, GENERATING BENEFITS FOR COMMUNITIES ACROSS TEXAS Danny Vines, President Aspen Power, LLC (O) (F)


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