Landfill energy and biochar specialist Pacific Pyrolysis has decided to push the go button on its backdoor listing on the ASX less than a week after the federal government got its Carbon Farming Initiative through parliament. ...
The company has developed technology that uses a process of slow pyrolysis to convert low value, non-food biomass, such as municipal green waste and industrial sludges into renewable energy and biochar, and says it has an extensive pipeline of projects with major corporations and councils. It has a demonstration plant north of Sydney and expects its business to be able to generate renewable energy certificates and also be included in the CFI, which will allow farmers and others to generate credits for carbon abatement initiatives.
PacPyro hopes to tap into the $10 billion landfill market, exploit rising landfill costs and energy prices to deliver its technology as a cheaper and more profitable option. It expects to deploy its first commercial scale plants from 2012, depending on its ability to strike commercial partnerships, and to potentially tap government funding, as well as its ability to generate renewable energy and carbon credits.
Cross posted from Peak Energy.