Four Rivers BioEnergy Inc. (OTCBB: FRBE & OTCQB: FRBE) (“Verta”) announced today that its wholly owned subsidiary, Verta Energy Generation Limited (“VEGL”), had purchased the first of a series of Diesel Generator sets (Cummins 1,250 KVA (1MW) diesel generators ), which has been installed in the Energy Centre building at its UK Waste-to-Energy plant.
VEGL‘s Energy Centre building has been refurbished to accept immediate installation of this first generator train and Verta expects it to be installed within the next two weeks. The unit is expected to be fully operational, using Verta’s waste oil based generator fuel as its feedstock, by the end of June; and, pending the OFGEM license to enable VEGL to sell its renewable electricity into the power grid, the energy produced will be used to power the entire Waste-to-Energy plant.
Stephen Padgett, the Group Chief Executive, commented: “Following on the heels of the waste oils business acquisition, that we announced last week; the purchase of our first 1MW generator represents another fundamental milestone for Verta and represents the culmination of two years extensive work, to reconfigure our UK site into a comprehensive Waste-to-Energy Centre that is now ready to start producing electricity from our captive feedstock.”
Mr. Padgett continued “We are very pleased with our selection of this particular Cummins unit as our preferred module, which follows extensive market and technical due diligence. It is a highly reliable, proven unit and we expect that it will work optimally with our own bespoke generator fuel. The chosen unit produces up to 1MW of power and our Energy Centre has been configured and prepared to accept up to twenty two such units (with capacity to expand the Energy Centre to take more units as required) enabling us to achieve our initial objective of 20MW production of renewable electricity to sell into the power grid, which we expect to achieve in stages.”
Overview of Verta’s UK Waste-to-Energy Plant
The Verta Group, which is wholly owned by Four Rivers, will own and operate the Waste-to-Energy plant that Four Rivers has been developing out of the 41 acre industrial site in the UK that it acquired in 2009.
The Verta plant, which is expected to commence operations later this year, includes several ‘zones’ including:
(a) An established ‘Waste Liquid Biomass Processing Plant’ with a substantial processing capacity of 60,000 metric tonnes per annum, which uses established processes and know-how (in what Verta term their ‘Black-Box’ waste liquid biomass capability) to process crude waste liquid biomass into a viable generator fuel (Verta’s bespoke generator fuel)
(b) A substantial ‘Energy Centre’, which has been developed out of the previous substantial boiler room and heat exchange facility on the acquired industrial site and will be used to house generators which will be fueled by Verta’s be-spoke generator fuel to produce renewable electricity and heat. The Energy Centre Infrastructure is now largely complete and is ready to install the first of several generator trains. It has been configured to house up to twenty two, 1,250 KVA Cummins diesel generators, which will produce an aggregate output of up to some 20MW, and has plenty of space to extend upwards to 50MW.
(c) A series of on-site functioning electricity sub-stations, which will be used to supply renewable electricity from the Energy Centre directly into the power grid and to service the site itself.
(d) A future planned crush and oil processing plant which will be used to supply oil into the food processing industry and thereby create captive ‘back-hauled’ used oil for use in the Waste-Liquid Biomass Processing Plant and expand Verta’s captive supply of feedstock into its processing plant.
In addition Verta has entered into a contract to purchase ML Oils Limited, a long established waste oil collection and aggregation business, which will spear-head Verta’s direct interest, at the market entry level, in the waste biomass supply chain, which is important from the perspective of controlling supply volume, price and quality and differentiates Verta from the vast majority of renewable energy companies by integrating feedstock procurement, treatment and energy generation into one natural business cycle.
About Four Rivers BioEnergy Inc.
Four Rivers BioEnergy Inc. is focused on producing and selling energy (in the form of electricity) from sustainable waste and renewable feedstocks. The Company operates in the UK under the trade name Verta Energy. Its business model involves the vertical integration of the energy production cycle from feedstock procurement and processing through to electricity generation and sale, all within one business model and on integrated industrial sites. The Company is currently preparing itself for production at its first Integrated Waste to Energy Plant on an industrial site in the UK which it acquired in 2009. Its medium term aims are to replicate this business model in other geographical regions in the USA, Europe and internationally.
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are based on management's good faith views and expectations when made. Forward-looking statements are inherently subject to known and unknown risks and uncertainties which, in the case of the company, include raising adequate capital to continue operations, technology and product development uncertainties, competition, cost and availability of feedstock, and plant development and manufacturing scale up. Actual results may differ, perhaps materially, from those discussed in the forward-looking statements. The company discussed in this release is not obligated to update its forward-looking statements or comment on those differences. Readers are encouraged to refer to the recent public filings of the company to further ascertain the risks associated with the forward-looking statements. Readers are urged not to place undue reliance upon such statements.