A social impact investment project which converts waste products into energy is being considered in the Pacific.
Pacific Trade Invest (PTI) New Zealand Chief Investment Officer Manuel Valdez recently met with Dr Eddie Wu, the Director and Technical Expert of Frontier Environmental and Resources Technology (FERT).
Dr Wu has 35 years of technical and management experience in the fields of energy, electronics, biotechnology and engineering physics, and his business interests range from scientific research to market development both domestically and internationally.
From 2000 to 2015, Dr Wu was the co-founder and managing director of PEAT International, a plasma technology group developing global waste-to-energy projects.
Frontier Environmental and Resources Technology has its headquarters in Washington DC in the United States but has offices in China and Hong Kong, and it is very interested in facilitating a waste to energy project in the Pacific, using pyrolysis technology.
“It is an innovative system of converting waste products to energy, and the group has already set up plants in different countries, including Taiwan, China, and the US,” Manuel says.
Incineration and landfilling create pollution, but pyrolysis does not burn the waste products.
Instead it uses heat from plasma arc dissociates waste molecules and gasification converts waste into usable products without pollution.
Plasma gasification is a chemical change cause by heat in oxygen starved environment.
The technology can also be used for the treatment and recycling of industrial (refinery sludge), hazardous, and medical/pharmaceutical waste feedstocks.
Manuel explains this initiative is a social impact investment project, primarily because it can convert all waste products into energy; address the issue of climate change; create employment; import substitution; enhance revenue streams for governments and other related business opportunities in the Pacific.
“The foreign investor does not only bring in an innovative technology but also provides financing which can install and operationalise the pyrolysis technology in a short period of time.
“In short, it is T+F. Furthermore, the group can do build, own and operate (BOO) and/or build, own, operate, transfer (BOOT) scheme.
“This business model of T+F works well in the Pacific as it rolls out the project at the most appropriate time once all the safety nets and due diligence have set in place.”
For more information, email PTI Chief Investment Officer – Manuel.V@pacifictradeinvest.co.nz