Energia
CHO POWER: FAR Secured at Morcenx
EUROPLASMA (ALEUP, ISIN FR0000044810) announces the successful delivery of a critical milestone, having secured the FAR of the CHO Morcenx advanced gasification plant.
Commenting on the FAR tests completion, Jean-Eric Petit , CEO, declared:
1. What is FAR Protocol?
As a reminder, execution of the FAR protocol started last summer. Amongst the various tests having been performed, the plant's ability to run for 15 days, delivering maximum capacity set points, and in particular the delivery of energy in the syngas corresponding to production of 10MW+ of renewable electricity - once additional engines are installed - was demonstrated.
The final test, provisionally delivering the plant, consisted in performing an endurance test during which renewable electricity (over 5MWe) was produced through both turbine and engines, a world first on a waste gasification plant.
2. What does it mean for CHO Power?
All the performance and endurance tests listed in the FAR protocol, innovative and highly demanding, have now been successfully performed. They unequivocally validate all the fundamental parameters of the CHO Power technology at commercial scale and reinforce its economic potential.
Several opportunities to fine-tune the process have been further identified, with a positive impact on its economic or environmental performance, some of which have actually already been implemented.
More importantly in the short-term, FAR will allow, in the context of the plant ramp-up, to start stable production of renewable electricity which will generate revenues for CHO Power and reduce cash consumption proportionally to power output.
3. What are the next steps?
CHO Morcenx will finally reach nominal power output (10MWe+) once the additional engines are installed. Having now secured FAR, the optimization study on the engine plant configuration, performed by CHO Power will be submitted to CHO Morcenx very shortly, to place the order for the additional engines.
Securing the FA will require CHO Power to lift the reserves, which fall into 2 categories:
FAR also permits CHO Power to enter fully into the next stage of development for future projects, including CHO Tiper, CHO Locminé (Building Permit was granted November 26, 2015 ) and CHO Brocéliande.
At the heart of environmental issues, EUROPLASMA designs and develops innovative plasma solutions for renewable energy generation and hazardous waste recovery, as well as related applications for multi-sector companies wishing to reduce their environmental footprint.
EUROPLASMA is listed on Alternext (FR0000044810-ALEUP). For more information: http://www.europlasma.com
This release contains provisional information including risks and uncertainties. Actual results of the company may differ materially from those indicated in the forward-looking information because of different risks factors described in the company's "Document de Reference".
- Communication Manager
Tel: + 33-(0)556-49- 000
contactbourse@europlasma.com