[
Clean Coal/ UKC Phase III ]
Once the Phase II Plant is up and running, GCE will build a second plant - using securitized
cash flows from the Phase II Plant - to finance its construction. This second
plant will be used to process alternative feedstock including untreated mine
head coal and sewage waste, which is an attractive and profitable stock given
that it carries a “tipping” fee and will be eligible for the UK
Government’s Renewable Obligation Certificates
(“ROC’s”).
As this plant will be processing coal in the
range of 1,000 tons per day, the most likely use for the syngas by-product
produced by this plant will be by UKC’s
power generation plant to supply power to the UK Grid.
This plant will likely be used to also process
plastics tires and sewage cake, which all carry high tipping fees and
substantial green credit in the case of sewage.
|