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Biomass - Clean Energy Technologies Enters MOU for $15 Million Biomass Project - Renewable Energy Magazine, at the heart of clean energy journalism

Wednesday, 05 May 2021 Clean Energy Technologies, Inc. has announced it has entered into a Memorandum of Understanding (MOU) with Ashfield Ag Resources to co-develop its initial biomass renewable energy processing facility using the revolutionary high temperature ablative fast pyrolysis reactor (HTAP Biomass Reactor). Located in Massachusetts, this project will convert forest biomass waste products to renewably generated electricity and BioChar fertilizer. The parties agreed in principle to the critical components which are expected to annually deliver up to 14,600 MWh of renewable electricity and 1,500 tons of BioChar by Q1 2022. The MOU, which is subject to the execution of definitive agreements, provides the CETY project with rights to feedstock, site control, approved grid interconnection and Power Purchase Agreement revenues. CETY management forecasts up to a 35% NPV (over 10yr horizon) on the $15,000,000 project and internal rates of return of up to 12%. With a longer t

Clean Energy Enters MOU for Biomass Renewable Energy Project

Getty Images May 03, 2021 COSTA MESA, Calif.  Clean Energy Technologies, Inc. (OTCQB: CETY), announced today that it has entered into a Memorandum of Understanding (MOU) with Ashfield Ag Resources to co-develop its initial biomass renewable energy processing facility using the revolutionary high temperature ablative fast pyrolysis reactor (HTAP Biomass Reactor). Located in Massachusetts, this project will convert forest biomass waste products to renewably generated electricity and BioChar fertilizer. The parties agreed in principle to the critical components which are expected to annually deliver up to 14,600 MWh of renewable electricity and 1,500 tons of BioChar by Q1 2022. The MOU, which is subject to the execution of definitive agreements, provides the CETY project with rights to feedstock, site control, approved grid interconnection and Power Purchase Agreement revenues. CETY management forecasts up to a 35% NPV (over 10yr horizon) on the $15,000,000

Clean Energy Technologies, Inc Enters MOU for $15M Biomass Renewable Energy Project

Share this article Share this article COSTA MESA, Calif., April 29, 2021 /PRNewswire/  Clean Energy Technologies, Inc. (OTCQB: CETY), announced today that it has entered into a Memorandum of Understanding (MOU) with Ashfield Ag Resources to co-develop its initial biomass renewable energy processing facility using the revolutionary high temperature ablative fast pyrolysis reactor (HTAP Biomass Reactor). Located in Massachusetts, this project will convert forest biomass waste products to renewably generated electricity and BioChar fertilizer. The parties agreed in principle to the critical components which are expected to annually deliver up to 14,600 MWh of renewable electricity and 1,500 tons of BioChar by Q1 2022.

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