Ed Bastow, Managing Director
Project Star/Symonds Farm AD
www.material-change.com
Summary
• Material Change Ltd
• AD development and risks
• Symonds Farm Power Limited
Symonds Farm AD March 2011
Material Change Limited
• Established 2002
• Composting contract
equipment
• Own operating sites
• Local Authority
contracts
• Depackaging equipment
• PAS100 compost
certification
Heathpatch Group
Heathpatch Ltd
PVP GmbH
Global Recycling
Solutions Limited
Boxon
Material Change
Limited
Swift Renewable
Energy
K W Holdings
Camden Boss
Limited
Camden Shenzhen
Ingleton Homes
BOSS Enclosures
AD Development
• Economic advantage
needed – heat user, gas to
grid, private wire
• Mixed feedstocks – farm
and waste based
• Symonds Farm in
construction
• Pipeline but more needed,
range JV to technology sale
Lots of froth and not much action among competitors
Project risks
• Development –
security/project funding
• Electricity subsidy - FIT
(REFIT)/ROC
• Waste streams
• Grown crop failure
• Wheat prices
• Technology
agraferm technology
‘Agraferm Group provides turnkey and best quality systems in accordance with industrial standards,
as well as full service from a professional partner for effective solutions to biogas production.’
Schematic plant layout
Feed hopper
Gas
flare
First phase fermentation
Gas storage
Gas engine
Secondary fermentation
Symonds Farm summary
• MCL/Symonds Farm Joint
Venture
• £5m Capex
• £1.4m equity, BDO non
recourse funding
• £0.75m diversification grant
• Equity IRR 18%
• Whole project IRR 12%
• 1.4MW electricity
• Private wire sales
JV structure
Material
Change Ltd
•Planning
•Technology
•Project
management
•Technical support
Symonds
Farm
Power
Ltd
•Operating contract
•Waste
Heat sales
Electricity sales
ROC sales
Embedded benefits
Symonds
Farm
•Lease
•Feedstock
•Daily operations
•Solid & Liquid
digestate use
Tank base preparation
Tank construction
Symonds Farm timetable
• Silage clamp and civils
groundworks 50%
complete
• Tank construction starts
30th May
• Commissioning starts
November 2011
• Full production
February 2012