Rob Day’s Cleantech Investing post about Ottawa-based Plasco Energy and its $7.3 million round of financing got me thinking about emerging interest in plasma-arc technology as a clean technology play. There appears to be about five notable ventures in this space, with three coming from Canada (FYI: Plasco’s CEO is Rod Bryden, the former owner of the Ottawa Senators NHL hockey club).
All of these ventures talk of using superhot plasma torches to gasify all kinds of waste, resulting in synthetic gas that can be captured and used to generate electricity. The applications range from waste-destruction on cruise ships and aircraft carriers, to larger systems for hospitals, schools and industrial facilities, to massive systems that could be used by a municipality. Plasco, for example, has proposed a system for Ottawa.
The technology serves a double purpose: keep waste out of landfills in a way considered environmentally acceptable (i.e. its high temperatures make it way better than incineration); and give users of the system a chance to generate their own power or sell it back to the grid. Another added bonus is that the intense heat from this plasma-arc process makes it ideal for getting rid of toxic materials.
In addition to Plasco Energy, the other four are:
Plasma Environmental Technologies Inc. of Burlington, Ont. (slightly west of Toronto) has recently completed its prototype system and signed some early commercial contracts. Read this article from the Globe and Mail’s Jack Kapica for a primer (temporary link, and registration required).
Pyrogenesis Corp. of Montreal started developing its system for cruise ships and big naval vessels. Early test customers include Carnival Cruise Lines and the U.S. Navy, which actually developed the core technology and licensed it to Pyrogenesis for commercialization. The company also has plans to design different versions of its system for hospitals, industry and municipalities. For a good background check out this article I wrote last November. The company has been somewhat quiet since then, but is reportedly developing systems in Ontario and two countries in Europe.
EarthFirst Technologies Inc. of Tampa, Florida, I know less about, but the company appears to be having some success.
Finally, there’s Startech Environmental Corp. of Wilton, Conn., which again I know little about, other than to say it shows up quite frequently in newspaper database searches. It should be noted that Startech announced this week that it raised $22.3 million (U.S.) in financing from Cornell Capital Partners LP.
For a great overview of the many companies offering waste-destruction or management services/technologies — including plasma systems — check out this report that was prepared for the City of Toronto. It’s nearly two years old but is still packed with useful information.