Comprehensive, clean and affordable MSW disposal
Synova offers a community a clean and responsible method for disposing of its municipal solid waste in return for a long term commitment—typically 25-years—to assure such waste is directed to the Synova facilities. This need not require public funds—funding can be arranged by Synova and its affiliates—but the plants can also be purchased. Synova offers a turnkey solution, from preparation of the feedstock through the supply of power, chemical energy (e.g., as a substitute for natural gas), steam or heat. This is a responsible waste-management option, with many benefits:
- Sanitary disposal without increased tip fees. We typically aim to maintain rather than increase tipping fees, since raising them too often serves to increase illegal dumping. Synova often separates feedstock preparation from the gasification plant, locating the former at or near a community’s existing landfill. Synova works with existing waste collection agencies or companies and if necessary can establish transfer stations to reduce haulage by the collection agency or companies.
- Reduced greenhouse gas emissions. By diverting waste from landfills, our plants cut both landfill methane emissions and combustion of fossil fuels in power production. The result greatly reduces greenhouse gas emissions.
- Competitively priced renewable energy. A project requires one or more long term offtake agreements from creditworthy offtakers. These may often be community systems. Our plants can generate clean electricity from waste, competing with other renewable-energy projects as well as fossil-fuel technologies. Unlike other renewables, they can alternatively produce clean syngas to supplant or supplement natural gas. Our solution provides baseload, clean power or natural gas substitute, which distinguishes it from intermittent sources like solar or wind.
- Distributed Energy. Projects can be particularly competitive when embedded near end users, which reduces grid or pipeline charges and can strengthen a local employer’s competitiveness. The gasification plant can be remote from where the waste is processed, e.g., in an industrial park, so that it receives the engineered feedstock from a remote processing facility that would typically be located near the existing landfill, replacing it as the outlet for a community’s raw municipal solid waste.
- Flexible Logistics. Synova strives to locate its feedstock preparation centers at points which reduce tonne/miles, and where appropriate, establishes transfer stations to reduce truck traffic. Ultimately, both the community and Synova benefit if capture and transit are made easier for those in the collection business.
Impact investing with conventional investment returns
Synova projects offer a “triple bottom line”: good for the environment, good for people, and good for investors. Projects offer a socially responsible “impact investment” opportunity with a return profile that can be consistent with or exceed traditional power investments’.
- Large Market. The addressable market for these systems is immense and growing. The quantities of collected waste without a sanitary solution will require hundreds of billions of equity and debt capital. Some of this will be funded by municipalities, especially where their financing rates are materially lower than private capital’s, but the demand is high for private capital solutions.
- No Development Risk. Project investors will generally invest after Synova and/or its development partners have removed the development risk, after Synova and/or its partners have pre-arranged long term offtake and waste supply agreements, site control, grid or offtake access, permits, turnkey construction contracts, operations and maintenance agreements, financing, special purpose vehicles, and paths to mitigate risk.
- Competitive Financial Returns. Until Synova’s solution of using clean syngas in a gas turbine is considered a norm, projects are sited where (a) returns generally exceed conventional power projects, and (b) the current norm for gasifiers—use of syngas from a proven gasifier in a simple thermal application—augments the target outcome with sufficient revenue to support project financing and a base return to equity.
- High Impact. Synova’s early projects are situated where they typically save or fix and hold steady energy and/or waste disposal costs for communities and/or industrial hosts. They do this while also: (a) saving a net tonne or more of CO₂-equivalent greenhouse gas per megawatt hour of power produced; (b) containing collected waste and transforming it so that it does not reach waterways or oceans in countries that are among the top ten sources of plastic in the ocean’s gyres; (c) in ways that encourage greater collection and reduced illicit dumping; (d) without contesting or displacing the opportunity for pickers, and (e) while encouraging component solutions like environmentally responsible recycling.
A technical partner to compliment your local knowledge
Developers who wish to buy a system can work directly with Synova’s to acquire the core components of a system. Alternatively, Synova is pleased to work with value-added, local developers to jointly develop a complete project or feedstock processing center or transfer station that is a component of a larger project.
A successful project requires the assembly of eight to ten essential attributes. Two of the following “anchor attributes” are generally required to make it feasible:
- A long term commitment of 650-800 tonnes per day of non-hazardous waste (and/or biomass);
- A long term offtake of clean, tar-free syngas, power, or heat that is co-located (reduces grid tariffs) with a user or in an area where energy rates are sufficiently high when combined with tip fees; or
- A site with particularly competitive in-bound logistics, grid or substation proximity, civil works or installed infrastructure advantages.
Unless you intend to fund the project yourself, combined revenues from the energy sales and tip fees must be sufficient to support competitive investor returns. This can come from high tip fees and low energy prices, high energy prices and low tip fees, or a combination of energy prices and tip fees that lies somewhere in-between.
Finally, to be of mutual interest for Synova co-development, the project must be an area where capital from abroad enjoys the rule of law, is generally respected, and has historically been part of financially successful project investments.