W2 Energy Inc. announces that Combustibles Alternativos (Cobal) Chile has issued a purchase order for a waste-to-energy plant that will convert 80 tons of municipal waste into electricity and 70 cetane synthetic diesel. The plant will use W2 Energy's proprietary plasma and gas-to-liquid technologies.
Cobal Chile will pay $12,900,000 to W2 Energy. W2 Energy will build, install and commission the plant. The plant includes two 40 ton per day waste handling sections, two reactors which turn the municipal solid waste into syngas, two gas-to-liquid sections which convert the syngas into synthetic diesel, and a single steam turbine which converts the heat produced into electricity.
"We have been developing this project with Cobal Chile for some time," says Mike McLaren, CEO of W2 Energy. "We are excited to be moving from discussion to action. This will be the first of many projects we will do with Cobal. Keep your eyes open."
"It is great when a plan comes together, "says Jorge Reyes, Research and Development Director of Cobal Chile. "Waste-to-energy will form a big part of Cobal's future. We are thrilled to get started working on that future with W2 Energy. Things can only go up from here."
The joint venture expects to install the plant by end of 2009. The plant will produce approximately 200 barrels of synthetic diesel per day and will have a 10 MW steam turbine for electricity production.
W2 Energy and Cobal Chile have formed this joint venture to develop renewable energy sources from non-food sources.
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