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Stramproy Green Technology

Stramproy Green Technology

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Published by: api-26258306 on Feb 03, 2009
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03/09/2013

 
P
RESS
R
ELEASE
 
Brussels – February 2, 2009 18.00 CET
4Energy Invest NV/SA
 Paepsem Business Park - Boulevard Paepsemlaan 20 - 1070 Brussels – BELGIUMinfo@4energyinvest.com - VAT BE 876.488.436Page 1
4Energy Invest starts the construction of a large scale torrefied wood pelletsproduction facility in Amel for a total investment of 13 million Euro
4Energy Invest, the Belgian renewable energy company focused on valorising biomass into energy,announces today the start of a construction of the biomass torrefaction unit that will produce torrefied woodpellets (biocoal) for co-firing with pulverised coal in electricity generation facilities and charcoal for barbecuepurposes.The biomass torrefaction unit will be built in collaboration with Stramproy Green Technology, the Dutch-based engineering contractor and technology owner.The total investment program launched by 4Energy Invest for the biomass torrefaction unit and a biomassstorage platform results in capital expenditures of about 13 Million Euro. 9.3 Million Euro will be provided bythe banks and the difference will be funded out of the proceeds that 4Energy Invest raised through its IPOin June 2008. 12 additional direct full time jobs will also be created.Biocoal are wood pellets processed through a torrefaction unit. Biocoal is a solid enhanced biomass fuel interms of energy density (almost twice the energy density of wood sawdust pellets and equivalent to theenergy density of the coal used in coal fired power stations by utilities). High-grade solid fuel suitable for multipurpose commercial, industrial and domestic use, it is used as renewable fuel for the substitution of coal in electric generation facilities or for the substitution of wood fuel pellets, briquettes or other biomass-based fuels with high energy density. Biocoal is hydrophobic and is easy to store and handle.The annual production capacity of the biomass torrefaction unit in Amel will equal approximately 38,000Tons, composed for about 94% of torrefied wood pellets (biocoal) for substitution of coal in coal-firedelectricity generation facilities and about 6% for barbecue purposes. The biomass storage facility will beable to host up to 35,000 Tons of feedstock and will act as strategic platform for the biomass-to-energyactivities of 4Energy Invest.Start of commercial operation of the biomass torrefaction unit is scheduled for end 2009. The existingcogeneration units of 4Energy Invest will supply the biomass torrefaction unit with the renewable heat andelectricity needed in its production process. The biocoal produced by 4Energy Invest will thus have aminimum CO
2
footprint.Yves Crits, CEO of 4Energy Invest, comments: “
The innovative renewable character of the large scalebiomass torrefaction unit of 4Energy Invest in Amel is supported by the banking institutions, which is astrong sign of confidence in our company. Moreover, this investment will imply the creation of 12 jobs.” 
 

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