SIMEC Atlantis Energy Limited Successful pellet production and milling trials (5626E)
March 02 2020 - 2:00AM
UK Regulatory
TIDMSAE
RNS Number : 5626E
SIMEC Atlantis Energy Limited
02 March 2020
The information contained in this announcement is inside
information under the Market Abuse Regulation (EU) No 596 / 2014.
The person responsible for arranging the release of this
announcement on behalf of SIMEC Atlantis Energy Limited is Tim
Cornelius, Chief Executive Officer of SIMEC Atlantis Energy
Limited.
2(nd) March 2020
SIMEC ATLANTIS ENERGY LIMITED
("Atlantis", the "Company" or the "Group")
Successful fuel pellet production and milling trials represents
significant milestone
for Uskmouth Power Station conversion
SIMEC Atlantis Energy, the global developer, owner and operator
of sustainable energy projects, announces the successful production
of 100 tonnes of fuel pellets for large scale combustion testing
and the successful completion of large scale milling tests on the
100% waste derived fuel pellets to be used at the Uskmouth power
station, post conversion. This is a key milestone for the project
and provides further confidence that the energy pellets developed
as a high calorific value, low cost alternative to coal are able to
be produced in commercial quantities and can be milled using
industry standard designs.
The next stage in the project will be for Mitsubishi Hitachi
Power Systems Europe GmbH ("MHPS Europe") to conduct final large
scale combustion trials at their 24MW facility in Q2 2020 to
validate combustion system design, prior to concluding EPC contract
negotiations with lead project partners.
The fuel pellets, produced by project partner and leading Dutch
fuel specialist N+P Group, contain approximately 50% biogenic waste
material (such as paper and cardboard), with the remainder made up
predominantly of plastic waste. The waste used to make the pellets
is not currently economically recyclable and therefore, if not used
in production of fuel pellets, would likely have to be disposed of
in landfill.
Tim Cornelius, CEO of SIMEC Atlantis Energy, commented:
"The completion of the fuel production and the milling trials
are a major milestone for this flagship conversion project and
represent very important steps in the program towards financial
close.
This project is the world's first example of a coal-fired power
station being repurposed to run on 100% waste derived fuel pellets
and the results of this test will potentially have material
implications for the way plastic waste, and aging coal fired power
stations, are managed globally in the future."
Enquiries:
SIMEC Atlantis Energy Limited via FTI Consulting
Tim Cornelius, Chief Executive Officer
Stephen Hutt, Chief Financial Officer
Cantor Fitzgerald Europe (Nominated
Adviser and Joint Broker) +44 (0)20 7894 7000
Rick Thompson
David Porter
J.P. Morgan Cazenove (Joint Broker)
Michael Wentworth Stanley +44 (0) 207 742 4000
FTI Consulting +44 (0)20 3727 1000
Ben Brewerton simecatlantisenergy@fticonsulting.com
Josh Atkins
Chris Laing
Notes to Editors
Simec Atlantis Energy
SIMEC Atlantis Energy is the global developer, owner and
operator of sustainable energy projects with a diverse portfolio in
various stages of development. This includes a 77% stake in the
world's largest tidal stream power project, MeyGen, and a 100%
stake in the 220MW Uskmouth Power Station conversion project and
ownership of Green Highland Renewables, a leading developer of
hydro projects in the UK.
https://simecatlantis.com/
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END
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