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In a joint statement today, Gary Baker, CEO of Melbourne
based environment technology provider Ozmotech Pty
Ltd and Michael Murray,
Chairman of British renewable energy company Cynar
Plc, announced an agreement fpr Cynar to purchase
seven Thermofuel systems over the
next five years.
ThermoFuel converts co-mingled waste plastics from
a wide variety of sources, including contaminated
domestic waste, into a clean burning diesel for use
in any standard diesel engine. The fuel comply with
all international standards and regulatory requirements.
Mr Baker said "This is a great export earner for
Australia. Yhis contract is valued at $35 million
and the plants will be built entirely in Australia
and shipped to the UK for installation in various
and Irish locations. The first plant is due to be
commissioned late next year."
This brings to fifteen the number of thermofuel systems
currently under contract worldwide.
The plants for the UK are newly designed continuous
feed system with 20 tonne plastics waste throughput
per day.
Cynar have secured the waste plastic feedstocks from
a variety of sources including contaminated domestic,
agricultural and post-industrial, with each system
capable of diverting over 6,800 tonnes of plastic
away from landfill each year.
Each plant is expected to produce 6 million litres
of fuel each year, which will be sold direct into
the retail market.
Ozmotech has completed intense R&D and design
developments which have raised the daily throughput
from the original3.5 tonnes of plastics
per day to 20 tonnes, with a potential yeild of up
to 19,000 litres of diesel fuel daily.
Thermofuel also comes in a 10ptd configuration.
The agreement with Ozmotech also provides Cynar with
exclusivity for installations of ThermoFuel systems
in the UK and Ireland
to build Own and Operate, or to enter Joint Venture
opportunities.
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