STRATEGIC PLAN Ltd., Benkovac SME: Biofuel Production (Pellet Production)
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sTRaTegIC Plan ltd., benkovac SME: Biofuel production (pellet production) PRoJeCT desCRIPTIon Strateški plan Ltd. (Strategic Plan) is a company specialized in development and management of renewable energy and cogeneration power plants projects. Currently, it is developer and investor in two biomass energy plants and two pellets factories of equal capacities at the location of Croatian cities Županja and Benkovac. For the purpose of greenfield pellets projects, Strategic plan Ltd. established special purpose vehicles (SPVs) - Peleti Županja Ltd. and Peleti Benkovac Ltd. The project includes the construction and implementation of pellets factory with the capacity of 6 tons of pellets per hour. Total annual production of pellets is estimated at 45,000 tons. Annual quantity of raw material (wood logs and chips) needed for estimated pellets production is 71,000 tons. This project, under the conditions stipulated by the Law on Investment Promotion (OG 102/15) can qualify for investment incentives. For more information, please refer to Section 5: Incentive Measures for Investments Projects. PelleTs Pellets are used in specially adopted stoves and boilers for production of thermal energy. Pellets are biofuel produced from chipped trees (renewable energy source) with the following characteristics: • Length: max 4 cm • Diameter: 6-8 mm • Humidity: 8-10% • Specific gravity: 1-1.4 kg/dm3 • Percentage of ash content: 0.5% • Weight by volume: 650 kg/m3 • Calorific value: 4.9 kWh/kg – 20,223 kJ/kg InVesTMenT ValUe The investment value is 4.8 million EUR. HAMAG BICRO - Croatian Agency for SMEs, Innovation and Investments, Ksaver 208, 10 000 Zagreb, Croatia DISCLAIMER: Information contained in this document has been provided by Croatian Agency for SMEs, Innovation and Investments. Purpose of this document is to give short information about companies and/or investment possibilities to potential investors. The profile is for information purposes only. No responsibility or liability is accepted for the information in this document. sTRaTegIC Plan ltd., benkovac Agency name: HAMAG BICRO Address: 10 000 Zagreb, Ksaver 208 SME: Biofuel production (pellet production) Website: www.investcroatia.hr gRoWIng MaRKeT and seCURe RaW MaTeRIal & eneRgy sUPPLY Pellets market research led to the conclusion that pellets needed for pellets factory is 5.9 MW with 7,500 working demand is growing and that total quantity of produced hours p.a. A long term heat supply will be agreed for a pellets can be exported at the price of EUR 100 per period of 14 years. Peleti Benkovac has already signed the ton, FCA pellets factory. The investor has secured the contract for raw material (wood logs and biomass) supply construction land, located next to cogeneration energy with the company specialized in wood logs and wood plan which will supply pellets factory with clean thermal biomass trade. Project developer also signed letter of energy at competitive prices. Estimated power of heat intent for selling the whole produced quantity of pellets. loCaTIon location IS Very conVENIENT FOR SEVeral REASONS: • It will be placed next to a biomass cogeneration plant Pellets factory will be located in business zone Šopot, north which will supply pellets factory with thermal energy at of the A1 motorway route node Benkovac, 15 km away from competitive prices. Zadar in southern part of Croatia. • Since it will be very near to the power plant, the costs of The construction land was purchased in 2008 and is heat transmission will be minimal. intended for construction of production, commercial and • The location is very well connected to railway and business facilities. It is fully equipped with utilities and other motorway with the raw material and pellets market. infrastructure. TeCHnology Pellets factory consists OF following TECHNOLOGICAL units: • Technology unit for receipt, handling and processing of fuel (wood logs and biomass) • Technology unit for fuel drying (wood biomass drying) • Technology unit for dry chips (biomass) grinding • Technology unit for pellets production • Technology unit for final product packing Technology providers of main components are reputable companies. Project developer will sign EPC contract with companies CPM (California Pellet Mill) and Stela. Stela will the company who will be responsible for pellets factory provide technology unit for raw material drying, called Belt construction. Construction is planned to be performed as a dryer. CPM will provide other technology units. Construction “turnkey” system. works, engineering and designing will be done by Croatian ConTaCT HAMAG BICRO- Croatian Agency for SMEs, Innovation and Investments, www.investcroatia.hr, e-mail: [email protected] Mr Nikola Dulčić, Head of Investment Sector, e-mail: [email protected] HAMAG BICRO - Croatian Agency for SMEs, Innovation and Investments, Ksaver 208, 10 000 Zagreb, Croatia DISCLAIMER: Information contained in this document has been provided by Croatian Agency for SMEs, Innovation and Investments. Purpose of this document is to give short information about companies and/or investment possibilities to potential investors. The profile is for information purposes only. No responsibility or liability is accepted for the information in this document..