Fibrowatt Selects Site for Second Poultry Litter Power Plant in North Carolina

June 6, 2008 – Vol.13 No.11

Fibrowatt Selects Site for Second Poultry Litter Power Plant in North Carolina.

The company has chosen a site offered by Surry County near Elkin to build a new biomass-fueled power plant. Surry County site offers convenient highway access, proximity to electrical substation.

The renewable energy plant will be designed to produce up to 40 megawatts (MW) of renewable energy without introducing new greenhouse gases into the environment. At 40 (MW), the plant would annually generate enough energy to power about 30,000 homes.

By avoiding the land application of poultry litter the Fibrowatt plant will provide poultry growers with an important alternative for litter disposal that should have a positive impact on soil and water resources in western North Carolina. By contracting with poultry farmers to regularly collect litter, the Fibrowatt plant will ease the manure management burden on area poultry farmers and can minimize the need for long-term storage of litter on local farms, providing additional greenhouse gas benefits and reducing nuisance odor impacts.

The project will receive a tax incentive and construction assistance package from Surry County, which could be valued at $5.28 million. The county's offer of assistance also includes necessary infrastructure improvements, including roads, water and sewer services.

Before consruction begins Fibrowatt and Surry County must agree on a development plan for the site, Fibrowatt must also obtain a power purchase agreement, financing expected to exceed $190, and obtain fuel supply agreements with local farmers.

The project is expected to create as much as 300 construction jobs during the two-year construction phase of the project. When operations begin, the project is expected to support 80 or more jobs in plant operations, fuel transportation, barn cleanout services, and the operation of a planned adjacent ash fertilizer plant.

The plant is also expected to contribute at least $10 million annually to the local economy.

Fibrowatt first poultry litter power plant in North Carolina will be in Sampson County. A third site is still being sought.

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 and operated 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. (6/5/08)

Links:

Fibrowatt
http://www.fibrowattusa.com

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

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