Varme Energy signs exclusivity agreement for first EfW plant in the UK
OSLO – March 28, 2022 – Varme Energy has signed an Exclusivity Agreement and Heads of Terms for a 50-year lease with Kilbride Resources, securing an industrial site permitted for the construction and operation of an Energy-from-Waste (EfW) facility near Birmingham, UK.
The Hams Hall facility will handle approximately 150,000 tonnes of non-recyclable waste per year and generate up to 150 GWh of electricity to replace natural gas and coal-fired electricity.
The site has an approved planning permit to construct and operate an EfW facility, significantly reducing the project development and execution risk. The parties expect to sign a final Agreement for Lease in Q2 2022 and target financial close and the start of construction in 2023, with expected completion and the start of operations in 2025.
Landfilled waste – one of the largest environmental issues in the world
An estimated 25% of all global warming today can be contributed to methane emissions from human activity. This is largely caused by the fact that methane is 84-86 times more effective than CO2 at trapping heat in the atmosphere1. Out of the 340 million tonnes of methane emissions originating from human activity annually, approximately 16% derive from landfill as waste left to decompose generates methane leaking directly into the atmosphere.
“Eliminating methane emissions from landfills is a key priority for GTH”, says CEO Paal Skoe. Diverting waste streams from landfill to EfW facilities such as the Hams Hall reduces GHG emissions by approximately 70% and replaces fossil fuels with local-to-local energy.
Proprietary technology
The new facility will deploy a proprietary, advanced 2-stage gasification combustion technology. The technology provides higher efficiency and lower emissions compared to traditional one-stage incineration plants and has been proven at scale over the last 20 years. The modular set-up is “CCS ready” and offers a flexible and carbon-neutral waste handling solution for the future.
For more information, please contact:
Andreas Karlsen, CEO Varme Energy
Email: agk@green-th.com
Phone: +47 993 24 748
About Kilbride Resources
Kilbride Resources is a real estate and energy solution development business. Our undertaking is developing long term, innovative and commercial projects with our partners, focusing on environmental sustainability at their core.
Sources and footnotes:
Methane emissions are driving climate change. Here’s how to reduce them. (unep.org)
Methane Tracker 2020 – Analysis – IEA
1) Over a 20-year period. The estimated impact of 100 years is 28-34 times.