Impax Asset Management Group plc · LSE:IPX

Impax Asset Management — Impax Capital — Cambrensis (June 2005)

9 slides from Impax Asset Management's conference presentation, June 2005

  1. Slide 1: Fuel Chains and Electricity Security of Supply

    I M P A X I M P A X Fuel Chains and Electricity Security of Supply Melville Haggard Executive Chairman, Impax Capital June 2005 Broughton House 6-8 Sackville Street London W1S 3DG UK Tel: +44 (0)20 7434 1122 Fax: +44 (0)20 7434 1123 info@impax.co.uk www.impax.co.uk Impax Capital Corporation Limited

  2. Slide 2: Overview

    I M P A X Overview • Globalisation has created inter-dependence • Renewable energy needs continuous generation • Renewables (waste and biomass) contribution to security of supply • Fragmented fuel supply undermines project economics • Importance of creditworthy counterparty in fuel supply chain

  3. Slide 3: Waste Strategy Objectives

    I M P A X Waste Strategy Objectives SRF is a route to achieving Waste Strategy objectives •Diverts from landfill •Proximity principle or Centralised ? •Existing plant / new build ? •Volume or purpose built ? •Creates a source of low carbon fuel •“Strategic” national disposal infrastructure

  4. Slide 4: Energy Crop Fuel Chains

    I M P A X Energy Crop Fuel Chains • If UK energy crops burned in dedicated biomass power stations were to contribute 1% to the 10% target for 2010, • Capacity required - around 450MW • Average size – 20-30MW = approximate number of power stations – 20 • Land required to grow energy crops - around 22

  5. Slide 5: Creating an SRF market

    I M P A X Creating an SRF market Transition step • Co-fire in existing power stations • Develop fuel chain integrity Moving to • New coal fired plant built to WID specification • New purpose built SRF combustion plant • Using existing sites • Using existing fuel chains

  6. Slide 6: Status in the UK

    I M P A X Status in the UK A recent report on the UK says :- 2013 2020 Divert from landfill 15 19 MSW for MBT if 8 11 No U incineration RDF available for 3.4 4.6 Energy Recovery Cement + Paper 1 1 RDF Combustion 2.4 3.6 Capacity Needed Source: Fichtner UK. Units : tonnes millions per annum)

  7. Slide 7: The Scale of the Challenge

    I M P A X The Scale of the Challenge BMW Projected Max Landfill Diversion Baseline 2016 2016 2016 France 16 24 6 19 Germany 29 44 10 34 Spain 12 20 4 16 UK 20 34 7 27 Total 77 122 27 96 Source: European Environmental Agency. Units : Tonnes millions per annum

  8. Slide 8: What needs to be done?

    I M P A X What needs to be done? • Pure biomass generation • Credit-worthy intermediary • SRF generation • ROC-eligibility for biodegradable portion • Facilitate co-firing of SRF • Avoid unreasonable application of WID

  9. Slide 9: Further Information?

    I M P A X Further Information? • Visit our Website on http://www.impax.co.uk • Contact us directly:- • Melville Haggard Impax Capital Broughton House 6-8 Sackville Street London W1S 3DG Tel: +44 (0)20 7434 1122 Fax: +44 (0)20 7434 1123 E-mail: m.haggard@impax.co.uk

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