renewable power from poultry litter presentation by eric jenkins vp commercial development,...
TRANSCRIPT
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Renewable Power from Poultry Renewable Power from Poultry LitterLitter
PresentationPresentation
by Eric Jenkinsby Eric JenkinsVP Commercial Development, Fibrowatt LLCVP Commercial Development, Fibrowatt LLC
February 2007February 2007
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OutlineOutline
1. What we do
2. How we do it
3. How to structure projects
4. Why it is worth doing
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1.1.
Fibrowatt has Fibrowatt has commissioned commissioned America’s firstAmerica’s first
Poultry Litter Fuelled Poultry Litter Fuelled Power PlantPower Plant
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The 55MW Fibrominn The 55MW Fibrominn PlantPlant
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Commissioning began in May 2007
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Poultry Litter Fueled Power PlantsPoultry 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
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Who is Fibrowatt?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
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2.2.
How Power From Poultry How Power From Poultry Litter WorksLitter Works
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Poultry HousesPoultry Houses
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Covered ConveyorCovered Conveyor
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Loading the TruckLoading the Truck
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Tarpaulin CoverTarpaulin Cover
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Truck on ScalesTruck on Scales
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Fuel DeliveryFuel Delivery
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Trucks UnloadingTrucks Unloading
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Thetford Fuel HallThetford Fuel Hall
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TruckTruckCleaningCleaning
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How it WorksHow it Works
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Inside Inside the the
BoilerBoiler
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3.3.
How to Jump-Start How to Jump-Start ProjectsProjects
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How Long Does It Take?How Long Does It Take?
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1. Development phase2 - 4 years
2. Construction phase2 – 3 years
TOTAL 4 – 7 YEARS
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What Does It Cost?What Does It Cost?
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1. Development phase: $3-10M
2. Construction phase: $150-200M
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What are the key requirements?What are the key requirements?
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1. Fuel – adequate fuel already available
2. Sites – multiple sites already offered
3. Electricity contracts – federal incentives needed
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Facilitating the ProjectsFacilitating 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
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4.4.
Why it is worth doing Why it is worth doing
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Multiple Benefits of our PlantsMultiple 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
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Challenge & OpportunityChallenge & 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 States28
Projects Currently Planned
North Carolina 3 plants 155MW
Arkansas 2 plants 110MW
Georgia 2 plants 110MW
Alabama 2 plants 105MW
Mississippi 1 plant 55MW
Maryland 1 plant 45MW
Other States 4 plants 160MW
Total 15 plants 750MW
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NUTRIENTS
CARBON (CO2)
Flue Gases
Ash
ELECTRICITY
EN
ER
GY
BIOMASSBEDDING
& FEED
MANURE
The Carbon CycleThe Carbon Cycle