About CoAlternative Energy Ltd.
KEYFACTS
David Peters founded Agrofarm London Limited, which through its subsidiary CAE operates three biomass cogeneration (CHP) plants in Northern Italy and he was a partner in the development of a biomass cogeneration plant in Sheffield (UK). He is also part of the management team working on the development of one of the largest energy from waste (EfW) plants in Europe, 102 MW in Boston (Lincolnshire, UK), which is currently in the Development Consent Order (DCO) process and is due to be operational in 2027.
In 2014,...
... David Peters' extensive forestry and timber rights in Alberta and British Columbia (Canada). These were transferred to Coalternative Energy Ltd in 2023.
COALTERNATIVE ENERGY LTD. ...
... is building a "Black Pellets" plant in Meadows County (Alberta), which will be operational by the third quarter of 2025 and will produce 360,000 tons of CAE Green Energy pellets per year. The entire production is sold to Idemitsu. This amount is enough to supply 750,000 homes with clean energy.
THE SECOND...
CAE intends to replace coal at the Belledune power plant in New Brunswick, Canada.
The CO2 savings are 700,000 tons.
CAE has made an offer to the state-owned company NB Power, which owns the power plant, to supply an initial amount of up to 400,000 tonnes of black pellets per year as biofuel to replace coal and maintain the power plant.
THE THIRD...
...an identical plant in a logistically perfect location (Nova Scotia) is under project development. The existing white pellet plant currently produces 100t tonnes per year. CAE will expand the plant and produce 225t tonnes of white pellets and 200t tonnes of black pellets per year. The entire production has been sold to Total Energy, which will produce green energy pellets as a replacement for coal in 2026. The remains of the devastating forest fires will be used as raw material. (see presentation)
