Singapore company converts Waste2Energy

A company that converts waste into energy is getting a lot of attention these days as oil prices keep rising. The attractiveness of Waste2Energy's operational model lies in its ability to provide two solutions at once: Managing waste and producing energy. Companies like Waste2Energy have caught on to a growing business, as awareness about green issues continues to rise even as global oil prices scale new highs.

"Give me all the shit you can" is what Waste2Energy chief executive Steve Peters says to investors looking to finance his projects, literally. The company, established in January, is poised to take on numerous projects in the region given its expertise in converting waste into usable energy. This includes waste from sugarcane mills and fish canneries in Thailand as well as other sources. In Singapore, the company has the capability to convert food waste from hawker centres into energy. Singapore produced 531,000 tonnes of food waste last year, just over a 10th of the Republic's total waste output.

This is how Waste2Energy's business works: After the waste materials are collected, they are crushed and disintegrated using a biological process and converted into gas that can be harnessed for energy or bio-solids that can be made into fertilisers. Assuming that it collects 65,000 tonnes of organic waste a year, it would be able to generate an estimated 25,000 tonnes of gas, or 3 to 5 megawatts (MW) of electrical power per year.

Assuming funding is obtained to drive its projects, Waste2Energy would be able to generate 350MW over five years at full capacity, with each plant generating an average of 2MW to 10MW, he said. In comparison, Singapore currently has about 9,000MW of generating capacity for the entire island.

(2005-09-18 12:00:46 SGT) [Energy] Permalink

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