"By vertically integrating the biomass projects into our business, we are also able to grow our heat recovery business horizontally. Kam Mahdi, CEO of CETY, stated: “This project is the first of many anticipated renewable biomass projects, and is expected to serve as a model for developing new projects to capture market share in this highly profitable and growing industry. The HTAP Biomass Reactor is a unique and proprietary process that transforms organic waste by using ultra-high temperatures and produces renewable electrical power, BioChar fertiliser and high heating value fuel gas in addition to other commercially valuable chemicals. It further provides a footprint for future projects utilising HTAP Biomass Reactor technology in the rapidly growing biomass renewable energy sector. CETY’s portfolio of biomass projects will in turn drive top line and bottom-line growth elsewhere in the company creating long term predictable income streams with high IRR cash flows, it said. Such synergies increase energy value by 15% for the biomass project. In combination with existing CETY technologies and solutions, these projects will advance the company’s mission to offer a more vertically integrated and scalable platform for clean energy solutions across multiple industries in most key markets globally.ĬETY’s existing ORC business will also capitalise on each biomass project, with the opportunity to deliver Heat Recovery Solutions. This project will also benefit from the recent Inflation Reduction Act passed in August of 2022. This builds on the current increase in incentives for investment in clean energy solutions for commercial and industrial users, as well as a surge in interest in clean energy solutions in municipalities. The plant is expected to deliver up to 14,600 MWh of renewable electricity and 1,500 tons of BioChar annually, and be fully commissioned within 12 months.ĬETY said is focusing on HTAP applications for industrial and municipality solid waste, landfill waste, agriculture waste and forestry waste. Located in Vermont, US this project will convert forest biomass waste products into renewably generated electricity and BioChar fertiliser. §§ Based on POS data at 300 locations 12 months prior to conversion compared to the same 12 months post conversion.Clean Energy Technologies ( CETY), has announced it has entered into an agreement with Synergy Bioproducts Corporation to design, build and operate a biomass renewable energy processing facility using its high-temperature ablative fast pyrolysis reactor (HTAP Biomass Reactor). Findings are supported by internal analysis on proprietary data. Source: 2018-2019 NPD data comparing Exxon- and Mobil- branded premium fuel mixes vs local and unbranded premium fuel mixes. ‡‡ Premium mix defined as premium fuel volume sold over total fuel volume sold. Actual benefits will vary depending on factors such as vehicle/engine type, driving style and diesel fuel previously used. †† Claims apply to Exxon and Mobil Synergy Diesel Efficient–branded fuel compared to diesel fuel without detergent additive. Concentration and availability of our proprietary additive package may vary based on factors beyond our control. Actual benefits are based on continuous use and may vary depending on vehicle type, driving style, and gasoline previously used. ** Based on comparison of Synergy Supreme+™ gas compared to Synergy™ regular gas in port fuel injected engines. § Based on January 1, 2021–June 30, 2021, Exxon Mobil Rewards+™ point redemptions. ‡ Brand favorability based on Exxon Mobil Trade Area definition (2021): Respondent claims Exxon or Mobil is available to them or they live in a zip code with an Exxon or Mobil station. † Based on increase in station number count in United States from 2017 through 2021 compared to other competitors. Site must be fully converted by December 31st 2023 in order to receive the $10k. Once ExxonMobil determines that a Site is eligible, the incentive will be paid to the ExxonMobil Branded Wholesaler. Site must 1) be trademark approved by ExxonMobil 2) be covered by and in compliance with an executed ExxonMobil Branded Wholesaler PMPA Franchise Agreement 3) complete all Synergy image requirements and 4) be connected to the ExxonMobil card processing network. * To be eligible for the $10,000 incentive, a Site must meet the following requirements as determined by ExxonMobil. All trademarks used herein are trademarks or registered trademarks of Exxon Mobil Corporation or one of its subsidiaries.
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