Zilkha Biomass Energy’s Black Pellet Could Bring Low-Cost Energy To Hawaii

A mainland biomass company, Zilkha Biomass Energy, with ties to Microsoft co-founder Paul Allen could shake up the energy scene in Hawaii by providing a quick, environmentally-friendly, lower-cost solution to fossil fuels such as fuel oil and liquefied natural gas to power up Hawaiian Electric Co.’s power stations. Houston-based Zilkha Biomass Energy, which makes power […]

A mainland biomass company, Zilkha Biomass Energy, with ties to Microsoft co-founder Paul Allen could shake up the energy scene in Hawaii by providing a quick, environmentally-friendly, lower-cost solution to fossil fuels such as fuel oil and liquefied natural gas to power up Hawaiian Electric Co.’s power stations.

Houston-based Zilkha Biomass Energy, which makes power out of woody biomass in a proprietary biomass pellet that is transportable like coal called “Zilkha Black Pellet,” said, in a recent filing with the Hawaii Public Utilities Commission that it could begin delivery of its product as quickly as 18 months after HECO commits to a purchase agreement.

“HECO’s power stations will be initially supplied from Black pellet production plants based in British Columbia, Canada,” said John Holmes Jr., CEO of Zilkha Biomass Energy. “Eventually, the biomass could be cultivated locally from agricultural feedstock, to supply an in-state black pellet production plant.”

Zilkha Biomass Energy, which is owned by Selim and Michael Zilkha and Allen’s Vulcan Capital, said that HECO could save about $40 million annually in fuel costs on each unit it converts to the company’s black pellet, compared to the cost of the fuel oil currently being burned.

From Pacific Business News: http://www.bizjournals.com/pacific/news/2013/12/04/zilkha-biomass-energys-black-pellet.html

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