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Waste-to-Energy (WtE) Projects

Promfin Foundation finance development projects of WtE which concern development of any waste treatment as to create power in the form of heat, biofuels or electricity from a waste disposal landfill source. This is a green, alternative and sustainable source because waste is all the time in excess and could not be exhausted so far the humans live on Earth and it is an accessible, reliable, alternative source of power.

For example, in U.S. are burned about 14% of the waste and there are over 90 MSW conversion facilities. In Europe are burned about 20% of the waste and there are over 400 MSW conversion facilities.
TERMS – OPTIONS:

At Promfin Foundation, the financing projects options for WtE plants developments comprise funding technologies that can involve debt and / or equity injection. We are able to ensure up to 100% debt capitalization which is accessible for appropriate business types. Other variants can comprise up to 100% loan to cost/value by using debt in conjunction with equity infusion. A typical correlation of debt to equity can be 90% / 10% but may differ according to the business type. The first important project demands for financing WtE plant development is clearly to obtain the land. It is not so terrifying if you empower this challenge to be solved by the appropriate professional consultant.

The developing of WtE may be accomplished with 100% debt and/or equity as previously mentioned having a seriously prepared business plan. This signifies minimal investment demands from the financiers and developers. In the programs with 100% debt only, payment grace periods for up to about 3 years admit your cash flow settling before servicing the debt is demanded. Some creditor/depositors don’t claim the securitization or mortgage of physical assets for loan destinations. The programs with 100% debt permit to the sponsors to hold all of the equity among themselves. The tax credits are actually held down by the financiers on these programs. The schedules of payment amortization reaching 20 years allow a settled cash flow.

The work of these facilities is similar to coal-fired power facilities in some regards. The main difference is the used fuel. WtE utilizes instead of coal the waste to fire huge boilers to create steam. We provide project financing to WtE developments for plants that also produce biofuels. At the same facility can be produced fuels and electricity. Some resemblances in MSW versus coal-fired are that the generated heat transform the water into high pressure steam which turns turbine generators for electricity or can be used for heating systems. After the end of combustion process in many facilities, the ash residue is cooled and mechanical devices like magnets extract the metals for recycling. This is a significant step, since a WtE facility can recycle thousands of tons of metals from its process.

One of the more progressive technologies in thermal treatment of the waste is the air quality system or control system of pollution emission. Today the facilities must fulfill some of the most severe environmental standards in the world. They put in practice the most technologically progressive equipment accessible of emission control: scrubbers for monitoring the acidic gases, filters for monitoring the particulate release, selective non-catalytic reduction (SNCR) for monitoring nitrogen oxides, and carbon injection for monitoring mercury and organic emission releases.

An essential regard is the disposal of the ash after the thermal treatment of the waste. This issue is examined thoroughly by creditors and depositors that finance the WtE plants, projects and developments. In the ash content can be present big amounts of various chemical elements and environmentally noxious products corresponding to the incoming waste content. The resulting ash passes the chemical analysis for contaminants and may be recycled for different use. A large amount of the remaining ash may be used in road construction and in the cement production for multiple commercial and industrial applications.

We at Promfin Foundation provide the necessary financing to WtE plant project developments so that we can reap the otherwise lost in vain organic resource to be used as cellulosic ethanol fuel. The organic material treated for human consumption decay in landfills all over the world. From wood and paper, food waste or garden waste, the remnants still contain a component of cellulose, a sugar in organics that links with the lignin to provide the structure. The microorganisms living in the landfills decompose this cellulose into methane gas, which in the end rises to the exterior and the atmosphere. Methane is an influential greenhouse gas that effects negatively our environment.

In modern society the average European citizen discard about 2 kg of waste every day. We are producing more and more waste that goes to landfills. The compactly populated cities have no enough space for new landfill sites to store all this waste. These sites would have maximum benefit from the power production as this source of fuel is accessible and sustainable in large and continuous basis. With the WtE projects the environmental contamination will be noticeably reduced. In 500 kg of common waste, more than 400 kg can be used as fuel to generate electricity. In general, from 4 t of waste can be generated about 2 MWh of electricity which is sufficient to heat 200 apartments for one day. From 4 t of waste can be produced more than 1 to of biofuel.

For a preliminary financing qualification of your WtE plant project development, click here.
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