Kibo Energy considers new revenue stream for its South African plant

In Ireland, Kibo Energy announced its decision to potentially introduce an additional revenue stream to its 2.7 MW plastic-to-syngas power plant in South Africa. This potential new revenue stream involves the production of synthetic oil from non-recyclable plastic waste in addition to the production of electricity from syngas, which promises significant added benefits to the project, Kibo Energy said. It is expected that the addition of synthetic oil production could significantly increase the project’s profitability and provides Kibo Energy with the opportunity to potentially generate revenue much earlier than initially projected, the firm added. The company said it has already determined the technical and commercial viability of synthetic oil production through the current project design. It is now conducting a comprehensive integration study to determine the full technical, operational and financial impact to the project in terms of construction, commissioning profitability and investment returns. Louis Coetzee, CEO and Acting Chairman of Kibo Energy, said: ‘The potential introduction of this significant development to our first South African waste-to-energy project has great potential for investors, the company and South Africa’s highly challenging energy sector.”

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