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Renewable Power from Poultry Litter Presentation by Eric Jenkins VP Commercial Development, Fibrowatt LLC February 2007.

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Presentation on theme: "Renewable Power from Poultry Litter Presentation by Eric Jenkins VP Commercial Development, Fibrowatt LLC February 2007."— Presentation transcript:

1 Renewable Power from Poultry Litter Presentation by Eric Jenkins VP Commercial Development, Fibrowatt LLC February 2007

2 2 Outline 1.What we do 2.How we do it 3.How to structure projects 4.Why it is worth doing

3 3 1. Fibrowatt has commissioned America’s first Poultry Litter Fuelled Power Plant 3

4 4 The 55MW Fibrominn Plant 4 Commissioning began in May 2007

5 5 Poultry Litter Fueled Power Plants Generating renewable electricity from poultry litter Well proven technology (14 year operating record in the UK) Carbon neutral Improves and protects water resources Improves sustainability and biosecurity for poultry farmers Recovering value from the nutrients by selling the ash fertilizer Biomass power has an important place in rural communities

6 6 Who is Fibrowatt? Fibrowatt LLC, based in PA The founders built the world’s first three poultry litter fuelled power plants in the UK Fibrowatt’s Minnesota plant is currently being commissioned –A 55 megawatt, 700,000 ton/year turkey litter plant –The first in the US –Development work began 1999 –Financed with $202m of investment grade rated debt in December 2004 –Commercial Operations will commence in August 2007 50MW Projects under development in North Carolina, Arkansas, Mississippi and Maryland

7 7 2. How Power From Poultry Litter Works 7

8 8 Poultry Houses

9 9 Covered Conveyor

10 10 Loading the Truck Loading the Truck

11 11 Tarpaulin Cover

12 12 Truck on Scales

13 13 Fuel Delivery

14 14 Trucks Unloading

15 15 Thetford Fuel Hall

16 16 Truck Cleaning

17 17 How it Works

18 18 Inside the Boiler

19 19 3. How to Jump-Start Projects 19

20 20 How Long Does It Take? 20 1.Development phase2 - 4 years 2.Construction phase2 – 3 years TOTAL4 – 7 YEARS

21 21 What Does It Cost? 21 1.Development phase: $3-10M 2.Construction phase: $150-200M

22 22 What are the key requirements? 22 1.Fuel – adequate fuel already available 2.Sites – multiple sites already offered 3.Electricity contracts – federal incentives needed

23 23 Facilitating the Projects Facilitating the Projects 1.9 ¢/kWh Production Tax Credit ( § 45) –To level the playing field –Poultry Litter should get the same incentives as Wind Placed-in-Service Deadline needs to be 7-10 years out –Our plants take 2-4 years to develop, design, permit & finance –Construction takes at least a further 2½ years Option to select 30% Investment Tax Credit –Same incentive as Solar Power Ability to utilize tax-exempt bonds 23

24 24 4. Why it is worth doing 24

25 25 Multiple Benefits of our Plants Renewable Energy –Producing green, carbon-neutral power from domestic resources –750MW of identifiable projects Pollution Reduction –Reducing groundwater contamination from excess animal waste Agricultural Sustainability –Rural economic development –Enabling the poultry industry to maintain sustainable growth –Enhancing bio-security for poultry farmers –Supporting the Family Farmer 25

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28 28 Challenge & Opportunity Challenge & Opportunity Renewable Power from Poultry Litter is (currently) more expensive than Coal There is significant potential –The poultry industry is concentrated in Southern States, which have little wind resource A viable renewable energy option for Southern States 28 Projects Currently Planned North Carolina3 plants155MW Arkansas2 plants110MW Georgia2 plants110MW Alabama2 plants105MW Mississippi1 plant55MW Maryland1 plant45MW Other States4 plants160MW Total15 plants750MW

29 29 NUTRIENTS CARBON (CO 2 ) Flue Gases Ash ELECTRICITY ENERGY BIOMASS BEDDING & FEED MANURE The Carbon Cycle


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