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New Canaan Capital closing on first biomass plant

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By Anna Simet

November 20, 2013

Power 

New Canaan Capital Management LLC, a private equity-funded limited partnership launched in 2012, is about to close on its first closed-loop biomass power project via the company's Green Energy Opportunity Fund.

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A group of investors sent a letter to the U.S. Securities and Exchange Commission on Nov. 20 asking for a review of filings made by three bioenergy producers that they claim include misleading statements about the benefits of biomass energy.

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Chipping Away at Innovation

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By Keith Loria

November 19, 2013

Biomass equipment manufacturers are striving to provide top-of-the-line feedstock-sizing equipment. Inspired by customer feedback and demand, several companies made upgrades to their products this year.

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M&G Chemicals announced a second-generation biorefinery in China to convert biomass into ethanol, bioglycols and 45 MW biopower. Using Prosea technology, it will be 4x larger than Beta Renewables' Crescentino, Italy, plant.

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Biomass power is among the technologies addressed in the United Nations Environment Programme's Emissions Gap Report 2013. The report considers what actions are necessary in order to limit global temperature increases to less than 2 degrees Celsius.

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Metso's pulp, paper and power line is demerging from the company and in 2014 will once again be known as Valmet Corp., a name the business segment was known as prior to 2001. Valmet has announced is supplying a biomass cogeneration plant to Croatia.

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California Ethanol & Power LLC recently announced it has received its Authority to Construct permit from California's Imperial County Air Pollution Control District. Construction on the project is expected to begin in early 2014.

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The U.S. Energy Information Administration has released the November issue of its Short-Term Energy Outlook, predicting that the use of wood and waste biomass to generate power will increase in 2014.

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An idled 15-MW landfill gas-to-energy plant north of Pontiac, Ill., is back on line after being purchased and refurbished by new owner Hoosier Energy. The facility is located at the 460-acre Livingston Landfill about 100 miles southwest of Chicago.

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More than $14 million in funding for 424 projects in 22 states, including several biomass- and biofuels-related projects, was recently awarded under the Rural Energy for America Program by Agriculture Secretary Tom Vilsack.

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We Energies has announced that the biomass-fueled power plant on the site of Domtar Corp.'s Rothschild, Wis., paper mill was placed into commercial operation Friday, Nov. 8, after testing and commissioning activities were successfully completed.

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Capital Dynamics, as the private asset manager for a leading U.K. pension fund, has acquired a 68-megawatt (MW) portfolio of two base-load biomass power plants located in northern New South Wales, Australia.

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Douglas Tiffany, assistant extension professor at the University of Minnesota, discussed the economics of co-locating torrefaction, ethanol and coal power plants at the University of North Dakota on Nov. 6.

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The Huckabay Ridge anaerobic digestion facility in Stephenville, Texas, is scheduled to be offered for sale at auction on Nov. 21. EM Biogas LLC has engaged Maas Companies Inc. to manage the sale.

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Akron, Ohio-based KB Bioenergy has started up a new $32 million state of the art high solids anaerobic digestion system. The project includes three 600-kilowatt combined-heat-and-power units, which produce a combined 10,000 megawatt hours of energy.

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Waste fuels are a major source of fuel for U.S. manufacturers, accounting for 29 percent of fuel in 2010, according to the U.S. Energy Information Administration. Agriculture waste, mill residue and wood waste accounted for 33 percent of that amount.

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Green Gas has acquired Lime Energy's 2.8 megawatt (MW) landfill-gas-to-energy project located in Charlotte County, Fla., through the acquisition of Lime Energy's subsidiary, GES-Port Charlotte LLC, which owns the project.

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The U.K. Department of Energy and Climate Change has released updated energy trend statistics, showing that 1.55 million metric tons of oil equivalent fuel was used by the bioenergy sector to produce electricity during the second quarter of 2013.

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Finland-based Helsingin Energia recently announced a collaboration with the Finnish Environmental Institute and Tampere University of Technology to evaluate the environmental impacts cofiring wood pellets at its coal-fired Salmisaari power plant.

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In the last week, three letters have been sent to the ag committees of the U.S. Senate and House of Representatives, urging support for the Farm Bill's energy title programs. The letters have been issued by both federal lawmakers and trade groups.

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GS Engineering & Construction Co. Ltd., has chosen Metso to supply automation for the Dangjin 4 Biomass Power Plant, currently under construction in Dangjin City, about 70 kilometers southwest of Seoul in South Korea.

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Iberdrola Ingenieria was awarded in Canada contracts valued at $326.16 million for the construction of Fort St. James and Merritt biomass power plants, with a combined capacity of 80 megawatts (MW). Both facilities are located in British Columbia.

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The European Bank for Reconstruction and Development announced in October that it will support the development of two biomass projects; a renewable power plant in Ukraine and a district heating project in Bosnia and Herzegovina.

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Sen. Ed Markey, D-Mass., has introduced legislation that aims to create a national renewable energy standard that would require utilities obtain at least 25 percent of their electricity from renewable sources by 2025.

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The Stobart Group Ltd. has released interim financial results for the six months ended Aug. 31. The company reported biomass tonnages increased to 354,000 for the period, up 52 percent from 232,000 tons in the comparable six months of 2012.

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Nigel Burdett of Drax Power kicked off a panel discussion at the U.S. Industrial Pellet Association's 3rd annual Exporting Pellets Conference by commenting on the role of sustainability in the transition from coal to wood pellets.

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WE Energies' 50-megawatt biomass cogeneration plant in Rothschild, Wis., is nearly complete. The plant has been in development for the last four years and is located at the site of Domtar's century-old paper mill, which it will supply steam to.

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