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Article Date: Wednesday 30 May 2018
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SIMEC and N+P to target fossil-fueled power generation market with new pellet Joint Venture

SIMEC Subcoal Fuels Ltd to produce alternative fuels based on non-recyclable waste

SIMEC Energy, part of Sanjeev Gupta’s GFG Alliance, has signed an agreement with N+P Group to form a joint venture, SIMEC Subcoal Fuels Ltd (SSF), creating a new global alternative fuel supply company to meet the growing demand for greener fuels for (previously) fossil-fueled power stations.

N+P’s patented Subcoal® fuel pellet aims to address both the growing demand for the re-use of domestic and industrial waste alongside the increasing demand for sustainable power production.

The Subcoal® production process takes advantage of previously unusable, high energy yield non-recyclable waste available within the domestic market. As the waste already contains around 50% biomass content, the energy pellet are an ideal, sustainable substitute for fossil fuels in power stations. On average Subcoal® produces 50% less CO2 and is significantly cheaper than fossil fuels and normal biomass.

Existing waste to energy plants already utilise “non-recyclable waste”, however this tends to be of a lower calorific value than the kind of waste used in the Subcoal® process.  With Subcoal® focusing on higher energy yielding material both Subcoal® burning plants and waste to energy facilities can work alongside in optimising feedstocks and supply chains for both applications.

As a first step, SSF have signed a Fuel Supply Agreement with Uskmouth Powerstation for the supply of 900,000 tons of Subcoal® per annum for the next 20 years. The JV will also set up at least four new Subcoal® production units in the UK to fulfill the demand for this fuel supply agreement. SSF aims to encourage further conversions of fossil fueled power stations to Subcoal® through their supply of environmentally friendly and cost competitive pellets.

Stijn Jennissen Commercial Director of N+P Group BV commented:  

“This joint venture with Simec is a very important milestone in our growth strategy for alternative fuels with the Fuel Supply Agreement as an excellent foundation. We look forward to a strong working relationship with Simec and we are even further enthused regarding expanding this relationship further with many other fuel supply agreements.”

Jay Hambro, Chief Executive - Energy and Mining - SIMEC Group said:

“This JV is great news for the partners and for the alternative fuel market. At a stroke the Subcoal technology solves the issues of how to utilise waste that otherwise would have gone to landfill and how to meet the growing demand for low-emission, high-calorie fuels. It also ties in perfectly with the plans to convert Uskmouth Power Station and is consistent with our philosophy of maintaining a generation supply chain as close as possible to the industrial point of use it powers.”

 

Further information from:

Jonathan Levy + 44 7939 274 153 jonathan.levy@libertyhg.com

Eoghan Mortell + 44 7977 555116 eoghan.mortell@libertyhg.com

Justine Duggan iNHouse Communications, + 44 207 240 7338 justine@inhouse.london

ABOUT THE SIMEC GROUP

SIMEC is an international resources group with emphasis on sustainable power, mining and infrastructure assets. It spans five continents and has extensive operations across Shipping, Infrastructure, Mining, Energy and Commodities.

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