Date: April 20, 2011
Source: News Room
Atlanta, GA-based Geoplasma said it hopes to break ground on a plasma waste gasification plant planned for St. Lucie County, FL later this year. Construction of the $120 million facility would take about 18 months to complete and begin once the company secures a power purchase agreement (PPA) with a utility. In its current incarnation, the facility would convert 600 tons of waste per day into 43 megawatts of electricity of which it would cannibalize 24 MW for its own use and sell the remaining 19 MW, enough to power more than 14,000 homes. The original proposal in 2007 to build a 3,000 ton per day facility was scaled back after the economic downturn. With permits for the facility from the Florida Department of Environmental Protection in hand, the company received county approval in November for $135 million in industrial development revenue bonds.
To learn more, visit: www.geoplasma.com.
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