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Renewable Power from Poultry Litter Presentation by Eric Jenkins

Renewable Power from Poultry Litter Presentation by Eric Jenkins VP Commercial Development, Fibrowatt LLC February 2007. Outline. What we do How we do it How to structure projects Why it is worth doing. 1. Fibrowatt has commissioned America’s first Poultry Litter Fuelled Power Plant.

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Renewable Power from Poultry Litter Presentation by Eric Jenkins

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  1. Renewable Power from Poultry Litter Presentation by Eric Jenkins VP Commercial Development, Fibrowatt LLC February 2007

  2. Outline • What we do • How we do it • How to structure projects • Why it is worth doing

  3. 1. Fibrowatt has commissioned America’s firstPoultry Litter Fuelled Power Plant 3

  4. The 55MW Fibrominn Plant Commissioning began in May 2007 4

  5. Poultry Litter Fueled Power Plants • Generating renewable electricity from poultry litter • Well proven technology (14 year operating record in the UK) • Carbon neutral • Improves and protects water resources • Improves sustainability and biosecurity for poultry farmers • Recovering value from the nutrients by selling the ash fertilizer Biomass power has an important place in rural communities

  6. Who is Fibrowatt? • Fibrowatt LLC, based in PA • The founders built the world’s first three poultry litter fuelled power plants in the UK • Fibrowatt’s Minnesota plant is currently being commissioned • A 55 megawatt, 700,000 ton/year turkey litter plant • The first in the US • Development work began 1999 • Financed with $202m of investment grade rated debt in December 2004 • Commercial Operations will commence in August 2007 50MW Projects under development in North Carolina, Arkansas, Mississippi and Maryland

  7. 2. How Power From Poultry Litter Works 7

  8. Poultry Houses

  9. Covered Conveyor

  10. Loading the Truck

  11. Tarpaulin Cover

  12. Truck on Scales

  13. Fuel Delivery

  14. Trucks Unloading

  15. Thetford Fuel Hall

  16. TruckCleaning

  17. How it Works

  18. Inside the Boiler

  19. 3. How to Jump-Start Projects 19

  20. How Long Does It Take? 1. Development phase 2 - 4 years 2. Construction phase 2 – 3 years TOTAL 4 – 7 YEARS 20

  21. What Does It Cost? 1. Development phase: $3-10M 2. Construction phase: $150-200M 21

  22. What are the key requirements? 1. Fuel – adequate fuel already available 2. Sites – multiple sites already offered 3. Electricity contracts – federal incentives needed 22

  23. Facilitating the Projects • 1.9 ¢/kWh Production Tax Credit (§45) • To level the playing field • Poultry Litter should get the same incentives as Wind • Placed-in-Service Deadline needs to be 7-10 years out • Our plants take 2-4 years to develop, design, permit & finance • Construction takes at least a further 2½ years • Option to select 30% Investment Tax Credit • Same incentive as Solar Power • Ability to utilize tax-exempt bonds 23

  24. 4. Why it is worth doing 24

  25. Multiple Benefits of our Plants • Renewable Energy • Producing green, carbon-neutral power from domestic resources • 750MW of identifiable projects • Pollution Reduction • Reducing groundwater contamination from excess animal waste • Agricultural Sustainability • Rural economic development • Enabling the poultry industry to maintain sustainable growth • Enhancing bio-security for poultry farmers • Supporting the Family Farmer 25

  26. Challenge & Opportunity • Renewable Power from Poultry Litter is (currently) more expensive than Coal • There is significant potential • The poultry industry is concentrated in Southern States, which have little wind resource • A viable renewable energy option for Southern States 28

  27. The Carbon Cycle CARBON (CO2) Flue Gases ENERGY BEDDING & FEED ELECTRICITY MANURE BIOMASS Ash NUTRIENTS

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