Posts Tagged ‘ERJ’

ASX Company News: Enerji Enters Joint Venture with Poseidon Nickel

Friday, October 28th, 2011

Emerging green power utility, Enerji Limited (ERJ) has entered into a memorandum of understanding with Poseidon Nickel Ltd, the developer of the largest high grade nickel sulphide deposits of any exploration and development company in Australia. Under the MoU Enerji will provide assistance to Poseidon on aspects of its feasibility study relating to power generation and specifically the implementation of a waste heat recovery system based around an Opcon Powerbox. Following a successful feasibility study and subject to some site conditions being met, Enerji and Poseidon will enter into bona fide negotiations for a power purchase agreement. Construction of the powerhouse and the associated waste heat recovery system would commence in the second half of 2012. The addition of an Opcon Powerbox will provide up to 700kW of fuel and emissions free power to Poseidon’s Windarra powerhouse. This power will assist in meeting the additional power requirements for its recently announced plans to double mine throughput as well as reducing fuel consumption and green house gas emissions.

“Enerji is very pleased to be assisting Poseidon with the clean energy aspects of its substantial redevelopment of the Windarra mine. This is a text book application of our waste heat recovery system for a mine located in the Northern goldfields of WA where diesel is the only option for power generation” said Enerji CEO Greg Pennefather. Poseidon’s Chief Executive Officer, Mr David Singleton said “Poseidon is committed to applying innovative practices to developing the Windarra project. We believe that the Enerji solution to waste heat recovery will deliver real benefits to our shareholders and help to minimise our environmental footprint”.

Poseidon is a nickel sulphide exploration and development company which is focussed on producing its first concentrate from the Mt Windarra mine in 2013. The Company is currently refurbishing the Mt Windarra mine and is completing the drilling and JORC resourcing of the Cerberus Nickel Deposit discovered in 2008.

Enerji Limited is an emerging Perth-based green power utility company focussed on commercialising the Opcon Powerbox in Australia. The Opcon Powerbox cogeneration technology transforms waste heat into electricity and therefore creates significant energy cost savings and reduced CO2 emissions for its customers. Enerji has exclusive sales and distribution rights for the Opcon Powerbox in Australia and options for Malaysia, Thailand, Singapore and Sub-Saharan Africa. The Opcon Powerbox, manufactured in Sweden by Opcon, represents a significant commercial opportunity through application to industrial, mining and power generation operations. Enerji plans to maximise this opportunity and generate shareholder returns through long-term power purchase agreements.

www.enerji.com.au

http://www.traderdealer.com.au/fundamentals/erj

Post to Twitter

Tags: , , , ,
Posted in ASX Company News | No Comments

Enerji Acquires Cogen Orc Power

Thursday, September 17th, 2009

The Board of Directors of Enerji Limited (ERJ) is pleased to announce that it has exercised its option to acquire Jamalcom Pty Ltd trading as Cogen Orc Power. CoGen is a “green tech” company specialising in the application of low grade waste heat recovery in conjunction with the reliable and tested organic Rankine cycle Powerbox to generate complementary and base-load power. CoGen has an exclusive distributor agreement covering Australia for Opcon’s Powerbox which is a product developed by Opcon for the production of new carbon-free electricity from low grade waste heat at temperatures as low as 55C. Further to this, the Opcon Powerbox is the only ORC technology that Opcon is aware can profitably produce electricity from low grade waste heat temperatures as low as 55C.

Low grade waste heat is a huge and largely untapped resource for the production of new electricity around the world. This is true zero pollution, zero emission energy. The fuel to create it is already paid for and consumed and, by definition, CoGen is only dealing with the waste heat that is otherwise lost. If applied in a blanket manner across future commercial onsite distributed energy systems, waste heat recovery also becomes a nation-wide pollution solution by reducing the total carbon emissions by up to 30% produced in fossil fuel burning power stations. Waste heat’s ‘energy-environmental’ ratio is much greater than any ethanol, biodiesel, or biomass ‘renewable’ and typically tax subsidized energy programs. It requires no grand technology development investment such as fuel cells or solar cells. CoGen simply applies the Opcon Powerbox to an already impacted power generation site with transmission and distribution networks and starts producing emission free electricity which CoGen can sell to the client or grid.

The consideration to be paid by the Company to the sole shareholder in CoGen will be satisfied through the issue of fully paid ordinary shares in the Company with a value of $5 million (based on 85% of the volume weighted average price of Enerji’s shares as traded on ASX during 5 trading days prior to exercise of the option).

www.enerji.com.au

Post to Twitter

Tags: , , , ,
Posted in ASX Company News | No Comments

Enerji Enters JV Agreement With Sinclair Knight Mertz

Friday, September 11th, 2009

Enerji Ltd (ERJ) is pleased to announce that it has entered into a technology sharing agreement  with one  of  Australia’s  premier  engineering firms,  Sinclair  Knight Merz (SKM). The  two  companies  have  entered  into  this  agreement  due  to  the  proactive  interest  shown  by Sinclair Knight  Merz  in  Enerji’s recovered  energy  systems. Under the terms of the agreement, Enerji will provide SKM detailed technical information in relation to its recovered energy systems on a non-exclusive basis. In particular, Enerji will furnish information on Opcon AB’s Powerbox and Airec’s heat exchangers.   Both  of these  technologies are world  leaders in  the  capture  of  heat  and  its  conversion  into electricity  and  are  exclusive  to Enerji (through CoGen ORC Power) in Australia.

Sinclair Knight Merz approached Enerji to consider the viability of using waste heat at a number of their  clients’  sites  after  studying  Enerji’s  recovered  energy  plans  and  conducting  research  into alternatives. SKM’s Manager Strategic Consulting, Mr Geoff Glazier, said “SKM recognizes that Enerji’s ORC power solution has strong potential to become an “off the shelf” solution for  capturing  and  utilising  the low  to  medium  grade  heat generated  by many  industrial processes that, until now, has been emitted as waste. As  an  integral  part  of  its global  sustainability  strategy,  SKM  is  continuously  seeking  to understand  technologies  that  can  improve  the  sustainability  of  our  clients  businesses.    This Technology  Sharing  Agreement  will  provide  access  to  information  that  will  allow  us  to  fully appreciate the application and limitations of Enerji’s ORC power solution.”

Sinclair  Knight  Merz  (SKM)  is  a  leading  engineering,  sciences  and  project  delivery  firm.  Its purpose is to deliver a positive and enduring impact on the world.  In support of this goal, it has 42 major offices across Australia, New Zealand, Europe, the Middle East, South America and Asia. SKM works in close partnership with key  clients in  the public and private  sectors, providing independent  technical, strategic and commercial advice to deliver a wide range of projects. SKM  employs  approximately  6,500  people  who  come  from  a  diverse  range  of  disciplines  including engineers,  planners,  architects,  economists,  scientists,  project  managers,  technicians  and  administrative staff. Their  people  work  across  four  broad  markets:  Buildings  and  Infrastructure;  Mining  and  Metals;  Power  and Energy;  and  Water  and  Environment.  They  continually  strive  to  help  their  people  reach  their  full  potential, engaging them in challenging and inspiring projects that shape industries and build nations.

www.enerji.com.au

www.skmconsulting.com/

Post to Twitter

Tags: , , , , ,
Posted in ASX Company News | No Comments