1. Ed Bastow, Managing Director Project Star/Symonds Farm AD

2. Summary Material Change Ltd AD development and risks
Symonds Farm Power Limited

3. Symonds Farm AD March 2011

4. Material Change Limited
Established 2002
Composting contract equipment
Own operating sites
Local Authority contracts
Depackaging equipment
PAS100 compost certification

5. Swift Renewable Energy
Heathpatch Group
Heathpatch Ltd
PVP GmbH
Global Recycling
Solutions Limited
Material Change
Limited
Boxon
Swift Renewable Energy
K W Holdings
Camden Boss Limited
Camden Shenzhen
BOSS Enclosures
Ingleton Homes

6. AD Development
Economic advantage needed – heat user, gas to grid, private wire
Mixed feedstocks – farm and waste based
Symonds Farm in construction
Pipeline but more needed, range JV to technology sale
Lots of froth and not much action among competitors

7. Project risks Development – security/project funding
Electricity subsidy - FIT (REFIT)/ROC
Waste streams
Grown crop failure
Wheat prices
Technology

8. Schematic plant layout
agraferm technology
‘Agraferm Group provides turnkey and best quality systems in accordance with industrial standards, as well as full service from a professional partner for effective solutions to biogas production.’
Schematic plant layout
Feed hopper
Gas flare
First phase fermentation
Gas storage
Gas engine
Secondary fermentation

9. Symonds Farm summary MCL/Symonds Farm Joint Venture £5m Capex
£1.4m equity, BDO non recourse funding
£0.75m diversification grant
Equity IRR 18%
Whole project IRR 12%
1.4MW electricity
Private wire sales

10. Symonds Farm Power Ltd JV structure Material Change Ltd Symonds Farm
Planning
Technology
Project management
Technical support
Operating contract
Waste
Symonds Farm
Lease
Feedstock
Daily operations
Solid & Liquid digestate use
Symonds
Farm
Power
Ltd
Heat sales
Electricity sales
ROC sales
Embedded benefits

11. Tank base preparation

12. Tank construction

13. Symonds Farm timetable
Silage clamp and civils groundworks 50% complete
Tank construction starts 30th May
Commissioning starts November 2011
Full production February 2012