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Ed Bastow, Managing Director Project Star/Symonds Farm AD

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Presentation on theme: "Ed Bastow, Managing Director Project Star/Symonds Farm AD"— Presentation transcript:

1 Ed Bastow, Managing Director Project Star/Symonds Farm AD

2 Summary Material Change Ltd AD development and risks
Symonds Farm Power Limited

3 Symonds Farm AD March 2011

4 Material Change Limited
Established 2002 Composting contract equipment Own operating sites Local Authority contracts Depackaging equipment PAS100 compost certification

5 Swift Renewable Energy
Heathpatch Group Heathpatch Ltd PVP GmbH Global Recycling Solutions Limited Material Change Limited Boxon Swift Renewable Energy K W Holdings Camden Boss Limited Camden Shenzhen BOSS Enclosures Ingleton Homes

6 AD Development Economic advantage needed – heat user, gas to grid, private wire Mixed feedstocks – farm and waste based Symonds Farm in construction Pipeline but more needed, range JV to technology sale Lots of froth and not much action among competitors

7 Project risks Development – security/project funding
Electricity subsidy - FIT (REFIT)/ROC Waste streams Grown crop failure Wheat prices Technology

8 Schematic plant layout
agraferm technology ‘Agraferm Group provides turnkey and best quality systems in accordance with industrial standards, as well as full service from a professional partner for effective solutions to biogas production.’ Schematic plant layout Feed hopper Gas flare First phase fermentation Gas storage Gas engine Secondary fermentation

9 Symonds Farm summary MCL/Symonds Farm Joint Venture £5m Capex
£1.4m equity, BDO non recourse funding £0.75m diversification grant Equity IRR 18% Whole project IRR 12% 1.4MW electricity Private wire sales

10 Symonds Farm Power Ltd JV structure Material Change Ltd Symonds Farm
Planning Technology Project management Technical support Operating contract Waste Symonds Farm Lease Feedstock Daily operations Solid & Liquid digestate use Symonds Farm Power Ltd Heat sales Electricity sales ROC sales Embedded benefits

11 Tank base preparation

12 Tank construction

13 Symonds Farm timetable
Silage clamp and civils groundworks 50% complete Tank construction starts 30th May Commissioning starts November 2011 Full production February 2012

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