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Thenergo launches new multi-fuel bio-energy project in Meer, Belgium

Thenergo, a leading developer and operator of decentralized, clean energy projects announces the launch of a new CHP project in Meer, Hoogstraten in the North of Belgium. The project is named “Binergy Meer”.

The project will generate between 6.5 and 25 MWe of renewable electricity and similar amounts of renewable heat. The project will be built in several phases due to the need to modify the local grid to inject the generated electricity. The current available injection capacity will allow 6.5 MWe of electricity generation. In a second phase, extensions are planned to extend generation capacity to 13 and to 25 MWe.

Binergy Meer, a fully owned project, will represent an initial investment of €28.5m, rising to at least €50m if 25MWe capacity is reached. It is fully permitted, with construction expected to start September 2008. The plant should be operational in Q4 2009 with the potential to deliver between 52,000 and 200,000MWh of electricity covering the needs of 15,000 to 55,000 households.

The first phase will consist of a 4MWe biogas plant that will convert 150,000 ton/year of biomass and organic waste into green electricity and heat. Next to this 4MWe plant the project will have 2.5MWe of diesel engines fuelled by jatropha bio-oil. The biogas plant is designed to accept a wide variety of feedstock such as pig and chicken manure, food industry waste, verge cuttings and other organic materials recovered from a wide range of sources. Leysen, Thenergo's waste to energy unit, is the principal sourcing contributor to this project.

Excess heat and by-products will be used to create long-term synergies with neighbouring industries. Thenergo is currently investigating the delivery of water, CO2 and heat to local industrial consumers, which will further boost the overall efficiency of the project and will lead to strong environmental benefits. Greenhouses are located close to the site and other greenhouses are planned. Thenergo will rely on its existing know-how in creating highly integrated and energy efficient solutions for its industrial partners, with the potential of creating an almost climate neutral industrial site.

The Binergy Meer concept is based on Thenergo's Binergy Ieper and Valmass projects, both currently under construction. For these projects Thenergo has developed an integrated solution for biogas plants in close collaboration with industrial partners. Testing of the process was performed in collaboration with the University of Ghent. The research received financial support from IWT, the Science & Technology innovation support program of the Flemish Government. The integrated process developed by Thenergo was awarded the highest “A” label for its scientific value, an important recognition of the concept engineering capabilities of Thenergo.

Based in Antwerp, Belgium, Thenergo is a fast growing, fully integrated and independent developer and operator of sustainable energy projects using biogas, natural gas, bio-oil, woody biomass and secondary fuels.

Thenergo creates value for its partners and shareholders as a one-stop provider of sustainable energy solutions, transforming clean and renewable fuels into electricity and heat.

Since 14 June 2007, Thenergo has been listed on Alternext, Paris. (Ticker: ALTHE).

www.thenergo.eu

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