Innovative fuel quality control process for recycled wood

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Innovative fuel quality control process for recycled wood. Mark Christensen MSc 07876 640 786 markc@reliagen.co.uk. Approx 4.1 million tpa of waste wood in UK ( Poyry , 2010) with historic variation of 4.5 to 10.6 mtpa .
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Innovative fuel quality control process for recycled woodMark Christensen MSc07876 640 786markc@reliagen.co.ukApprox 4.1 million tpaof waste wood in UK (Poyry, 2010) with historic variation of 4.5 to 10.6 mtpa. Sources: construction (25%), demolition (26%), packaging (27%), joinery/furniture (9%) and municipal (13%). Some unaccounted until the market values it.Gate fees: Grade A @ £2/ to £15/t , Grade C @ £19/t and £33/t (ESA, 2008 to 2012).Virgin biomass woodchip selling for ca.£85-100/t to RHI operators, compared to existing Grade A at £30-60/t and Grade B/C at £10/t (once processed).Technological solution needed to ensure quality , scientific, technical evidence (End-of-Waste status).Biomass sustainability criteria (EU Regs) not applicable to wastes, so avoids virgin biomass PR risk.The Market:Automatic sorting of recycled wood gradesQuality control to purities >90% and into GradesOvercomes industry regulatory constraints Avoids pitfalls of current practicesAdapts and combines innovationsUnparalleled process spec with Patent Pending.Modular and replicable business modelRefinance opportunity for quick / partial exitDeliverable in ca. 4-6 months, target urban areasThe most sustainable and Carbon efficient fuelThe Solution:Strategic location to RHI end markets with good access.Wales has ca. 180ktpa (mainly urban) of waste wood.45ktpa capacity (25%) with plus Bristol & Birmingham.Revenues from allmetals extraction and two grades of biomass fuels via highly energy efficient process.Avoids costs of fines (<10mm) and cleaned up for end markets with less Regulatory risks with EA.Long established partner companies for process design & install. Core team of 5 highly experienced, plus 3 NEDs.Roll-out plan of 5 sites within 3 years, prior to sale.Option to expand site(s) into CHP, virgin wood processing, bio-oils, pellet production (£150-200/t).Project Summary:Site with Planning – freehold or leasehold option.Contractors for supply and off-take at Heads of Terms.£2.2m of capital needed for process, working capital, fees.£100k of SEIS to take to financial close (legals, etc).WAG funding potential for <50% of capex & Finance Wales.WRAP eQuip underwriting for asset finance (ca. 30%).BPRA Tax Relief if freehold taken (£3m), subject to details.EIS potential for <£5m capital project, application drafted.Project IRRs >18% (20 yrs) with refinancing upside.EBITDA at ca.£800k p.a. after year 3 (>35% gross margins)Ca.£2m T/O p.a. with issue ca.£400k of dividends p.a.Equity funding requirement of £1m for majority stake.The Financials:
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