Environmental consultancy BalanceCO2 proposes US$50M project to co-locate 10-MW biomass power plant, 8-ton/hour wood pellet plant in Huntsville, Ontario
October 24, 2011
– Environmental consultancy BalanceCO2 Ltd., headquarterted in North York, Ontario, is looking for an equity partner and is beginning the process to acquire a Feed-In Tariff contract to proceed with its plans to co-locate a 10-MW biomass power plant along with an 8-ton per hour wood pellet plant in Huntsville, Ontario, Biomass Power and Thermal reported Oct. 24.
The US$50 million project is expected to fall in line with Ontario’s Feed-In Tariff Program as it reduces use of fossil fuels, BalanceCO2’s Managing Partner Selva Kumar said.
Customers have not been identified yet, but feasibility studies will look into Canadian and international pellet markets.
The project is expected to use about 226,000 tonnes/year of excess woody biomass from sawmills and forests. Kumar said enough feedstock exists within 100 kilometers of the proposed site, which covers 100 acres and is near grid lines, reported Biomass Power and Thermal.
The company has already signed a memorandum of understanding with the property owner, and met with Hydro One to review the addition of 10MW to the grid. Because funds have not been secured and the application process for a Feed-In Tariff contract is long, the company has not released a timeline for the project.
BalanceCO2, which according to its website has operations in the U.S., Asia and Africa, hopes operations in Huntsville will begin by end of 2013.
The primary source of this article is Biomass Power and Thermal, Grand Forks, North Dakota, on Oct. 24, 2011.