Waste Knot Energy enters final negotiations for supply of alternative fuel pellets
The proposed plants – around eight in the UK – each costing approximately £30 million (€33.1 million), will be able to manufacture more than two million tonnes of fuel pellets annually with an average net calorific value of > 24 MJ/kg, making them able to compete with traditional fossil fuels.
Derived from commercial and industrial waste, the company’s pellets are both ‘green’ and offer savings of up to 50% on the cost of energy when compared with fossil fuels, as well as ‘substantially’ reducing carbon dioxide emissions.
According to Waste Knot Energy, the pellet specifications are strictly controlled, so users can be assured of consistent quality. The pellets can be handled and stored in the same way as coal, requiring no additional changes to burners or fuel processing methods.
The first plant has started construction on the site of AV Dawson in Middlesbrough, North Yorkshire, with easy access to a network of ships and trucks.
Roger Ferguson, managing director and a founder of Waste Knot Energy, said: “We’re delighted to have had such a positive response. Our plants will be able to supply large volumes of a reliable, high-quality green alternative to coal and pet-coke that could be game-changing for the cement, steel, and power-generating industries.”