Aug 16, 2012
Wasabi Energy increases stake in AAP CarbonBack
Engineering|Expertise|AAP Carbon|Africa|Business Growth|Cogeneration|Engines|PROJECT|Projects|Wasabi Energy|Waste|Africa|South Africa|Carbon Asset Management|Chemical And Thermal Energy Conversion|Chemical Energy Conversion|Cogeneration|Electricity|Energy|Steel|Thermal Energy|Cogeneration|John Byrne|Power|Waste|Sub-Saharan Africa
© Reuse this
Wasabi Energy executive chairperson John Byrne said this week that the company had been working closely with AAP Carbon since early 2012. “We are impressed with the opportunities available to the group in South Africa and sub-Saharan Africa with a number of projects being well advanced.”
Under the terms of the transaction, AAP Carbon would be granted a Kalina Cycle licence for sub-Saharan Africa, which, together with its existing chemical energy conversion business, would deliver a unique offering to the African market.
Wasabi Energy’s Kalina Cycle converts thermal energy into electricity.
The company said that AAP Carbon intended to raise additional equity to fund its business growth either through a public listing or through the introduction of new equity partners.
“The joining together of AAP Carbon with Wasabi Energy's business development activities provides a powerful combination of expertise, proven track record in the development and implementation of projects and a unique offering with the combination of chemical and thermal energy conversion with the use of the Kalina cycle,” Byrne said.
In March, Wasabi purchased 25% of AAP Carbon, a group that engineers, builds, accredits and invests in clean energy projects that generate carbon credits under the Clean Development Mechanism (CDM) of the Kyoto Protocol.
AAP Carbon's flagship cogeneration plant is the 20 MW International Ferro Metals (IFM) power plant, where carbon monoxide-rich waste gas is harnessed to produce in excess of 160-million kilowatt hours a year of low-emission electricity for the ferrochrome producer’s own use.
Wasabi Energy has been in discussions with AAP Carbon regarding the installation of a Kalina Cycle power plant that would use the waste heat from the reciprocating engines to produce up to 20% of additional electricity.
AAP Carbon is also studying the feasibility study for a 28 MW chemical energy conversion plant for Hernic and is in advanced discussions with Mogale Alloys and Tata Steel amongst others. Wasabi Energy said each of these potential power plants created an opportunity to add a Kalina Cycle power plant to generate more power by using the exhaust gases.
Edited by: Mariaan Webb© Reuse this Comment Guidelines (150 word limit)
Other Electricity News
Dual-listed oil and gas company SacOil has completed Phase 1 of the field development operations at the Lagia oilfield in Sinai, Egypt. The South African-based independent company, through its subsidiary Mena International Petroleum Company, also completed hydraulic...
Recent Research Reports
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
This Week's Magazine
Three-dimensional (3D) printers being sold in South Africa by electronics distributor Rectron currently print in two types of plastic, but have a clear upgrade path over the next five years to eventually print in wood, ceramics and metal-alloy materials, says Rectron...
The world’s two dominant commercial aircraft manufacturers, Airbus of Europe and Boeing of the US, both recently announced that they had made record aircraft deliveries in 2014. Boeing set a global record for the industry with 723 commercial aircraft delivered, while...
The Western Cape is shifting further into the renewable-energy space with the official opening of a factory specialising in solar inverters, a key component of solar photovoltaic (PV) plants. The investment in the manufacturing facility in Cape Town aims to boost the...
Business Leadership South Africa (BLSA) last month welcomed Cabinet’s establishment of a technical team war room to undertake various interventions to improve electricity supply security over the short- and medium-term, but added that the private sector also had a...
Despite a rapid rise in mobile connections and the economic and social benefits of such connectivity, more than half of the world ended 2014 unconnected. For this reason, industry commentators believe the biggest impact of mobile technology is still to come –...