Irish firm signs €200m renewable energy deal
Bedminster International, a bio-energy technology company, has signed a €200m agreement to convert post-consumer organic material into a high quality bio-fuel in the United States.
The 25-year agreement with Tully Environmental, a division of Tully Construction and Petruzzo Products provides for the treatment of 400 tons of organic material per day from New York City at a site in upstate New York, using the Bedminster Bio-Energy Technology.
Petruzzo Products is providing the permitted site for the facility.
Tully Environmental, who handle up to 2000 tons per day of New York City post-consumer material for disposal, will supply the feedstock to produce the bio-fuel.
Mr William McCabe of Bedminster International said: “The Bedminster plant will initially process 200 tons of organic material per day from New York City – increasing to 400 tons at full capacity."
Mr McCabe said that Bedminster is already considering a second site within 30 miles of Manhattan.
He said this site will have an initial capacity of 1,000 tons per day.
Mr Ralph Petruzzo, President, Petruzzo Products, said: “We decided on the Bedminster Bio-Energy Technology because it is proven on both technical and economic grounds with the required balance sheet behind it.”
Mr Ken Tully, CEO, Tully Environmental, said: “This agreement with Bedminster International provides us with a highly efficient and environmentally positive solution to disposing of a problematical material.
"We now have a safe and sustainable method of diverting this material away from landfill and avoiding the escalating costs of dealing with the gases and leachate resulting from its decomposition"
Mr Pearse O’Kane, CEO, Bedminster International, said the patented Bedminster Bio-Energy Technology uses a biological process to convert the organic material by way of a digesting system in less than three days to a clean bio-fuel, which has the same energy value as peat and brown coal.
Mr O'Kane said: “The bio-fuel is then used to replace fossil fuel in the production of energy. For the last 20 years the Bedminster technology has been used to convert organic material to compost with the added benefits of significant volume reduction, the elimination of gases and leachate, and the conservation of energy.”
Oyster Technologies, an investment fund headed by Mr McCabe, acquired the worldwide rights to the Bedminster Technology in 2003.
Bedminster International has 12 plants operating in three continents, eight of which are located in North America.
