Recor Renewable Energy Corporation (Pty) Ltd is a project developer in the Bio-Energy and Waste to Energy industry. Bio-Energy and Waste to Energy(Clean) falls within the Renewable Energy industry which in turns falls within Clean Tech. Our mission is to beneficiate and to reduce waste in an environmental friendly manner and to create green energy doing so. Our Vision is to be a dominant market pl
ayer in Africa and the Middle East. Our Goal is to launch five projects before the end of 2014 and in five years have a significant presence in Africa and the Middle East with more than 20 Waste to Energy plants operational as well as industry trend setter and influencer. This will be achieved by:
Identifying as many opportunities as possible. There is a potential project if there is a justifiable waste supply, a decent off-take of energy, a suitable site, technology, an operator and funding is in place. The most important factor is securing enough waste feedstock. With limited feedstock available the race is on to secure waste supply streams for long term waste to energy projects. The entity who controls the waste or has the waste supply tied up controls the industry. Investing in the value chain of the industry. The best way to secure waste feedstock is by owning the supply stream. Recor intends to invest in waste companies, recycling companies and any company that has a possible private equity investment upside in itself as well as a supply of waste where a waste to energy plant is feasible. The same goes for energy, it makes good sense to invest in or own fuel off takers. Investing or buying out competitors and technology providers early on is key to gain market share and getting ownership of technology, waste feedstock, energy take off, property and intellectual capital and rights that can benefit the group as a whole. Develop in house mobile Waste to Energy technology. Africa is starved for electricity and large industrial plants cannot be erected in these areas due to in-accessability. This product can be rented or sold or will be subsidised for social upliftment programs, farmers, military, government, industrial, residential and many other applications. In the Middle East there is an abundance of energy, but concerns over CO2 emissions is leading governments to consider Renewable sources of energy. The industry is in its beginning phase and waste to energy plants will literally be found in each town or area. We believe that it is quite possible to have a shotgun approach since each project must undergo an Environment Impact Analysis which can take up to 18 months. Each project will be run in a separate SPV with its own project management team. It does not make sense to do one project at a time and wait for 24 to 36 months to date of commissioning. Waste to Energy plants have an overall Internal Rate of Return (IRR) of more than 20%. Capex of plants range from USD 3 million to USD 40 million depending on waste stream and pre/post preparation and treatment processes. Bankable feasibility per project is between USD 300 and 700 thousand. The Founding members have the capability in terms of operational and technical background as well as entrepreneurial experience together with specialist consultants and project managers that it will employ to ensure that the business is geared for success. Recor’s market share is dependant to the amount of funds we have available to engage the industry. Risk can easily be mitigated by this approach. This means by engaging in a number or projects the risk factor is spread and becomes less with every new supply agreement and project. Funding Requirement. We have identified various opportunities for waste to energy plants as well as possible investments and acquisition’s.
