Our business model is developed on a concept to build, own, and operate under long-term contracts. We deploy our own capital into projects, often in concert with various other investors, municipalities and levels of government. In addition to producing co-products and valuable energy, we help deliver a cost competitive solution to the waste management issues faced by municipalities and other clients.
Each project is carefully structured with appropriate long-term fixed price agreements for the processing of waste and the delivery of energy.
In comparison with state-of-the-art waste-to-energy incinerators, the Plasco Energy Group Inc. solution delivers better environmental performance and energy output for each tonne of waste. The Plasco solution also requires no capital investment by Metro Vancouver, delivers more competitive tipping fees and can be built in a fraction of the time.
Under our model, Metro Vancouver would divert 400 tonnes-per-day of its post-recycled solid waste to the proposed facility. This is only a small portion of the waste stream that the region will have no landfill capacity for, even after it meets its 70% diversion target. Nevertheless, if Metro Vancouver is able to minimize its waste stream to the point that it can no longer provide 400 tonnes-per-day to the facility, it will not be obligated to deliver the waste any longer. Plasco facilities are made in easily assembled and disassembled modules, so that given such a scenario we can move the plant to a location anywhere else in the world.
While our financial model is centered on revenues from power sales and tipping fees, there are other sources of revenue from the sale of our co-products or carbon credits. Any revenue generated in excess of predetermined targets will be shared.