Homeland Renewable Energy has announced the establishment of its new division, Homeland Biogas Energy ("HB Energy"). HB Energy focuses on turning animal agriculture waste and other organic waste streams into usable energy for America. The new division develops, owns and operates anaerobic digestion plants capable of producing various forms of renewable energy.
Rupert Fraser, Chief Executive Officer of HRE, said "with the establishment of HB Energy, we can offer a full range of animal waste treatment services to our customers in livestock farming and food processing, making us the first full-scale provider of animal waste remediation services and solutions. We solve problems for farmers while simultaneously producing truly renewable energy and environmentally friendly fertilizers".
HB Energy's anaerobic digestion technology ("AD") features the following key benefits:
+ Proven large scale operation brings economies of scale;
+ Energy can be sold either as pipeline-quality biogas or as renewable electricity;
+ Clean, viable, green technology from an abundant renewable resource;
+ Produces a high-quality fertilizer by-product;
+ Improves biosecurity and hygiene management for animal and food waste streams;
+ Reduces methane emissions, water pollution and odor from animal wastes;
+ Renewable energy generated from rural resources reduces America's dependence on fossil fuels and imported oil.
HB Energy employs staff who have pioneering experience in developing, building and operating larger scale AD plants than any other US-based developer. Their track record includes the successful construction and operation of three 1MW AD plants in Wisconsin, and demonstrating that such plants can be "scaled-up" to ten times this size.
HB Energy has an initial pipeline of eight projects, with an estimated total capital cost of over $150 million, offering competitive returns to its investors and leading to numerous additional opportunities. HB Energy is also evaluating technological improvements to its anaerobic digestion process, which it believes will set new standards for efficiency and productivity.
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