UK’s Reclaim Resources launches unique financing for waste-to-energy systems for municipal councils

In the UK, Reclaim Resources announced the launch of a financial package for UK councils allowing them to install and operate a Vantage Waste Processor without raising funds for project financing. The VWP uses thermal hydration to convert municipal solid waste into ethanol.  In the project financing package, Reclaim keeps all profits for five years, after which the project is turned over to the council.

Reclaim estimated profits at $2.7 million based on 160,000 tonnes of MSW. The process produces 50 gallons per tonne of biomass.  According to Reclaim, Operating a VWP will eliminate landfill tax levies as waste removal is no longer necessary. As landfill tax is set to reach $78 in 2010/2011, local councils will make annual savings of $13 million per year. Additionally, local authorities can augment profits by charging for MSW accepted from external sources.

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