Fibrowatt Selects North Carolina Site for Poultry Litter Fueled Power Plant

April 17, 2008 – Vol.13 No.4

Fibrowatt Selects North Carolina Site for Poultry Litter Fueled Power Plant.

With approvals, a power purchase agreement and financing, the Sampson County site would become the first of three plants the company plans to build in the state. The site for the more than $200 million plant is near the intersection of I-40 and NC Highway 403.

"Sampson County offered an attractive site with everything we were looking for, including good topography, a utility transmission line crossing the site, convenient highway access and close proximity to an ample supply of poultry litter," CEO of Fibrowatt said. "When we completed our technical evaluation of all of the sites offered, it was an easy choice to make."

The company will receive a tax-incentive package from Sampson County valued at $2.5 million over ten years. In addition, the County will offer assistance with necessary infrastructure improvements, including water and sewer services.

Fibrowatt plans to begin construction in 2009 and is aiming to begin operations in Sampson County in 2011.

Beneficial to North Carolina the 55-megawatt plant will be new source of biomass energy, helping the state meet its commitment to renewable energy, providing greenhouse gas reduction benefits, be an alternative, beneficial use for poultry litter that will reduce a grower's exclusive reliance on land application and create approximately 100 new jobs in the Sampson County area.

in 2007 North Carolina passed a landmark bill making it the first state in the Southeast to require minimum levels of renewable energy, beginning in 2012.

Fibrowatt's subsidiary Fibrominn opened the nation's first poultry litter-fueled power plant in Benson, Minnesota last year, helping the State of Minnesota meet its own commitment to biomass-generated renewable energy. The Benson power plant is the first poultry litter-fueled power plant in the US. It uses more than 500,000 tons of poultry litter annually, mostly from turkey growers, as well as other biomass.

Fibrowatt LLC is a Pennsylvania-based developer, builder and operator of electrical power plants fueled with poultry litter and other biomass. It was founded in 2000 by the management team that built the world's first three poultry litter-fueled power plants in the United Kingdom in the 1990s. Fibrowatt LLC is owned by Homeland Renewable Energy Inc.

Fibrowatt LLC is actively working on projects in Arkansas, Georgia, Maryland, Mississippi, and North Carolina. Future projects are planned for Alabama, Texas and other states.(4/16/08)

Links:

Fibrowatt
http://www.fibrowattusa.com

Disclaimer, Forward-Looking or Safe Harbor Statement on original press release: No