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Over 2 Billion gallons of ‘waste’ glycerin are disposed of every year throughout North America alone – enough gas to power over 1,000,000 homes for 12 months.
Even worse, the 600 million tons of carbon dioxide reduction which could be utilized instead of doing this is more than the reduction of CO2 emissions from many of the carbon offsetting projects of the Kyoto protocol. In summary, the disposal of glycerin is wasting valuable resources and contributing to climate change.
The Green Electric Power Group is incorporated in Ontario, and was formed to develop technologies for the generation of electricity for sale to the grid by utilizing novel
technologies to capture streams of fuel sources currently being wasted. Consumers or purchasers of distributed electricity include the local distribution lines, the facility where the glycerin is being sourced, and sometimes both.
Market research has shown that there can be significant business profits in turning this biofuel by-product into an electrical generation fuel.
Utilizing a combination of patentable mechanical technology and proprietary fuel burning chemical processes, the company has determined a method whereby waste glycerin can be burned ecologically, and with cleaner emissions. As well, generators used in this application operate more dependably, efficiently, and with enhanced electrical power generation capabilities. A comparison of the Cost per Watt (installed) of GEPG’s technology versus other renewable sources of energy shows that it is extremely competitive with even the leading edge of solar, wind and other renewable energy technologies. GEPG conservatively estimates that its manufactured cost per watt is $1.50 or less. This figure will be even lower with the addition of planned co-generation technology over time. Once an electricity generation site is established, it will run as long as there is a fuel supply to feed the turbines – unlike wind and solar which vary in their power generation based on prevailing winds or available sunlight.
GEPG expects to implement technology for converting glycerin to electricity on sites totalling more than 20 megawatts in the next 3 years. This will generate upwards of $17M in gross annual revenue at current electricity rates, which has the potential to grow with additional planned technological advances. Carbon credits will also be utilized by the company to enhance revenue. The company estimates that there could be opportunity to produce up to 200 megawatts or more of electricity, for the North American market alone, based on current glycerin production rates.
Disposing of glycerin in landfill facilities is a complete waste of a renewable waste resource. The energy not being utilized is replaced with electricity from the grid and heat for processing fuelled by Natural Gas. With approximately 350 alternative fuel manufacturing facilities in North America, the waste disposal of glycerin has become a priority issue for biodiesel manufacturing facilities. GEPG will contribute to the reduction of greenhouse gases, causing climate change, through the only viable economic method of eliminating waste glycerin disposal at landfill sites.
In summary, GEPG has designed a technology that eliminates the difficulties that many have had with regard to efficient and reliable electricity production from waste glycerin at biodiesel producing sites. The cost for this technology is extremely competitive with other leading edge renewable sources of energy.
The regulatory environment in Canada provides strong stimulus and incentive for acquiring renewable fuels for electricity production in a growing electricity market. The
management and research team of Green Electric Power have both the business and scientific experience to lead this endeavor into productive returns for investors and
Green Electric Power Group has initiated a project to improve efficiency of the recuperator turbine by at least 25 percent and manufacture these machines for installation in North America through a Special Purpose Vehicle to be incorporated for this purpose. The design, build, test and commission of a new engineered version of the turbine will take 12 months at which time the first three turbines will be deployed and a regular line of new turbines will be coming off the assembly line.