Clean Energy Technologies announces $10M EPC contract with Vermont Renewable Gas
Clean Energy Technologies (CET) has entered into a fixed-price engineering, procurement and construction (EPC) contract - valued at $10 million (€8.9m) - with Vermont Renewable Gas for the proposed Lyndonville biogas-to-power facility in Vermont, US.
CET will spearhead the design, construction and operation of the facility, placing its HTAP Biomass Reactor, a high temperature ablative fast pyrolysis reactor, at the heart of the project.
The facility is set to convert low-grade, woody fibre sourced from local working lands into biogas and BioChar fertiliser.
The renewable fuel gas produced will be harnessed to generate sustainable electricity and heat.
Anticipated to be fully commissioned within 12 months, the plant is projected to deliver over 14,600 MWh of renewable electricity and 1,500 tons of BioChar annually.
With the EPC agreement executed, project engineering and permitting are now underway.
Kam Mahdi, CEO of CETY, stated: “The Lyndonville project is the first of many anticipated renewable biomass projects and is expected to serve as a model for developing new project opportunities to capture market share in this highly profitable and growing industry.
"Execution of this EPC contract allows CETY to begin development of this innovative facility in Vermont. We hope that this project will catalyse additional project opportunities in the areas of renewable electricity and low-carbon fuels while realizing new revenue in engineering and clean energy equipment sales.”
CET said it is focused on HTAP applications for industrial and municipal solid waste, landfill waste, agricultural waste and forestry waste.
This builds on the current increase in incentives for investment in clean energy solutions for commercial and industrial users, as well as a surge in interest in clean energy solutions in municipalities, according to the company.
The project aligns with the benefits introduced by the Inflation Reduction Act passed in August 2022, it added.
CET will spearhead the design, construction and operation of the facility, placing its HTAP Biomass Reactor, a high temperature ablative fast pyrolysis reactor, at the heart of the project.
The facility is set to convert low-grade, woody fibre sourced from local working lands into biogas and BioChar fertiliser.
The renewable fuel gas produced will be harnessed to generate sustainable electricity and heat.
Anticipated to be fully commissioned within 12 months, the plant is projected to deliver over 14,600 MWh of renewable electricity and 1,500 tons of BioChar annually.
With the EPC agreement executed, project engineering and permitting are now underway.
Kam Mahdi, CEO of CETY, stated: “The Lyndonville project is the first of many anticipated renewable biomass projects and is expected to serve as a model for developing new project opportunities to capture market share in this highly profitable and growing industry.
"Execution of this EPC contract allows CETY to begin development of this innovative facility in Vermont. We hope that this project will catalyse additional project opportunities in the areas of renewable electricity and low-carbon fuels while realizing new revenue in engineering and clean energy equipment sales.”
CET said it is focused on HTAP applications for industrial and municipal solid waste, landfill waste, agricultural waste and forestry waste.
This builds on the current increase in incentives for investment in clean energy solutions for commercial and industrial users, as well as a surge in interest in clean energy solutions in municipalities, according to the company.
The project aligns with the benefits introduced by the Inflation Reduction Act passed in August 2022, it added.
