The UK-based company plans to deploy its most efficient proven conversion technologies of plasma gasification and internal combustion engines/gas turbines (ICEs/GTs) to generate energy-from-waste in Thailand within the next two to three years.
John Hall, Managing Director of Waste2Tricity Limited said “Following the Thai government's active support of green energy and the issues the country faces from power shortage and excess waste, these offer both a ready supply of feedstock and a guaranteed market for electricity, Thailand is the first international market for us to deploy our ‘viral-technology’ that is proven to be commercially sufficient – environmentally friendly, low carbon, sustainable and progressive”.
“We have recently demonstrated our commitment to the Thai market by obtaining an exclusive license for the Alter NRG Corp’s Westinghouse Plasma Gasification Technology for $1 million (32.57 million baht) and £1.2 million (64.96 million baht) for AFC’s fuel cell technology. We have, therefore secured both unique technologies to enable us to support the development of the waste to energy projects in Thailand” John Hall added.
“We work with clients and local partners to develop, fund and support waste to energy deployment projects with our latest hi-tech systems that is proven to be commercially viable, progressive with low carbon footprint and environmentally friendly. We are now progressing to launch the first green energy-from-waste projects, where we will be responsible for funding and overseeing the projects and work with a number of investors and banks” said Piangkwan Thummukgool, Director in charge of W2TI Thailand.
“Waste2tricity Ltd. was involved at the Tees Valley UK site from the beginning, converting 350,000 tons of waste per year to over 50 MW hours of electricity a year - enough to power up to 50,000 homes. It will utilise internal combustion engines. However in the near future, W2TI expects to also deploy AFC Energy’s alkaline fuel cells that will produce over 40% more power output from the same feedstock input. The plant in Thailand will be of similar scale to this site.”
“Our investment scheme is flexible in terms of equity to project financing ratio. The investment budget can be from $150 - $350 million (4.9 – 11.4 billion baht) depending on the capacity of the plant. Thailand has created an attractive commercial model with its adder program for alternative energy, the BOI tax incentives and most importantly by mandating the power purchase through EGAT. Meanwhile the energy demand increases up to 4.4 % per year for the next 15 years, therefore we are confident that this will be a commercially viable business to our partners and investors.” Piangkwan concluded.