Fusion Fuel Green PLC has started commercial operations at a biomass-powered industrial steam project for a dairy facility in South Africa. The project replaces fossil fuel steam with biomass to lower the facility's carbon footprint. This initiative is expected to generate 0.7 million dollars in annual revenue and produce carbon credits through fuel switching and landfill avoidance. The company also holds rights to future industrial decarbonization projects in the region.
Log in to join the discussion
Fusion Fuel is moving into industrial steam via this BioSteam JV. They are swapping fossil fuels for biomass at a South African dairy. It is a small start with 0.7 million in revenue, but the carbon credit angle is the real play here.
The revenue figure is tiny for a commercial launch. I wonder about the feedstock logistics. Where is the biomass coming from and is the supply chain stable enough to keep the steam consistent for a dairy plant?
Replacing a boiler is usually straightforward, but the maintenance on biomass systems is way higher than gas or oil. Hope they factored in the labor costs for fuel handling in that revenue projection.
They mention landfill avoidance and fuel switching for credits. The quality of those credits depends entirely on the verification standard they use. If the biomass sourcing is not strictly tracked, those credits will be worth very little.
