Clenergen Corp. (CRGE.OB) Plans to Have Operations Across the Globe
Clenergen Corp. is focused on installing, owning and operating small to medium-sized distributed environmental power systems (DEPS) which will sell power to companies, power grids and local municipalities around the world.
The company is looking to produce a renewable and sustainable source of electricity through advanced gasification technologies. Clenergen is unique in the biomass energy industry in that their goal is to power their power plants using biomass crops which they will produce on a commercial scale at a cost of production similar to the cost of coal. The company will do this by using high-density, short-rotation biomass crops such as bamboo and the Marjestica tree.
With regard to their biomass production, Clenergen has taken on a sublease of 150,000 acres of savannah grasslands in the South American nation of Guyana. In Guyana, there will be plantations of bamboo and Marjestica undertaken in a phased manner starting from an initial 5,000 acres with an additional 5,000 acres added annually. The biomass yield from this plantation will be exported under a long-term supply agreement to the United Kingdom. In the UK, the biomass will be used for co-firing with coal to reduce carbon dioxide emissions.
A large part of Clenergen’s business model involves deploying 17 megawatts and 11 megawatts per hour DEPS to large commercial end users, such as manufacturing and mining operations. The company projects that they will have operational power plants around the globe generating 503 megawatts per hour within the next five years.
The company has identified large mining and manufacturing operations in the emerging world such as Africa, Russia, Brazil and China as potential lucrative markets. Many areas in these locales still have limited infrastructure and acute energy shortages, so Clenergen should be able to charge well for providing power.
One example of Clenergen’s emerging market strategy can be seen in the West African nation of Ghana. The company plans to locate a 16 megawatt per hour biomass power plant on behalf of a leading mining company and a 56 megawatt per hour project for feeding power into the national grid of Ghana. It is projected that once the 16 MW power plant is operational, sixteen additional power plants, totaling 272 megawatts per hour capacity, will be installed in order to service the energy requirement of the mining companies in Ghana.
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