Cyclion Holdings PTY Ltd., an Australian-based firm, is in the process of acquiring $5 million to fund the construction of the country’s first 50-tonne per day (TPD) waste-to-fuel plant.
This facility is expected to be up and running by the last quarter of 2024, with its engineering phase to kick off in 2025, according to the National Development Company (NDC).
In a report by the Manila Bulletin, NDC said that this investment with Cyclion will aid the government’s goal of securing energy and sustainability.
The goal of this project is to convert municipal solid waste (MSW) to electricity or diesel. These will be stationed around Manila, Quezon City, and Caloocan City.
According to estimates from the National Solid Waste Management Commission, Manila might produce 1.15 million TPD, Quezon City 2.76 million TPD, and Caloocan 1.23 million TPD this year.
Depending on the composition of the household garbage, a 500 TPD plant will be priced at approximately $65 million and could produce about 35 million liters of diesel, depending on the home waste’s composition.
Exhaust gases would be directed via algae tanks for low emissions, while the water that would be utilized is filtered in algae tanks and turn, can be reused for agriculture. Using this approach to trash management in the nation would promote environmental protection.
The Letter of Intent (LOI) for this project, in which NDC expressed its readiness to investigate and take into account the suggested potential partnership with the company, was signed on October 9.
Projects by Cyclion help reduce household garbage from going to landfills, lessen health and environmental problems, and increase energy security by lowering reliance on imports.
This project by Cyclion, which is backed by Queensland University of Technology is set to become the country’s first commercial module in waste-to-fuel technology.
