Green Transition Holding AS: GTH signs exclusivity agreement for first EfW plant in the UK

OSLO – March 28, 2022 – Green Transition Holding (GTH), an industrial and environmental technology company, has signed an Exclusivity Agreement and Heads of Terms for a 50-year lease with Kilbride Resources, securing an industrial site permitted for the construction and operation of an Energy-from-Waste (EfW) facility near Birmingham, UK.

The Hams Hall facility will handle approximately 150,000 tonnes of non-recyclable waste per year and generate up to 150 GWh of electricity to replace natural gas and coal-fired electricity.

The site has an approved planning permit to construct and operate an EfW facility, significantly reducing the project development and execution risk. The parties expect to sign a final Agreement for Lease in Q2 2022 and target financial close and the start of construction in 2023, with expected completion and the start of operations in 2025.

Landfilled waste – one of the largest environmental issues in the world

An estimated 25% of all global warming today can be contributed to methane emissions from human activity. This is largely caused by the fact that methane is 84-86 times more effective than CO2 at trapping heat in the atmosphere1. Out of the 340 million tonnes of methane emissions originating from human activity annually, approximately 16% derive from landfill as waste left to decompose generates methane leaking directly into the atmosphere.

– Eliminating methane emissions from landfills is a key priority for GTH, says CEO Paal Skoe. Diverting waste streams from landfill to EfW facilities such as the Hams Hall reduces GHG emissions by approximately 70% and replaces fossil fuels with local-to-local energy.

Proprietary technology

The new facility will deploy a proprietary, advanced 2-stage gasification combustion technology. The technology provides higher efficiency and lower emissions compared to traditional one-stage incineration plants and has been proven at scale over the last 20 years. The modular set-up is “CCS ready” and offers a flexible and carbon-neutral waste handling solution for the future.

For more information, please contact:

Paal Skoe, CEO Green Transition Holding
Email: paal.skoe@green-th.com

Phone: +47 971 33 431

About Kilbride Resources

Kilbride Resources is a real estate and energy solution development business. Our undertaking is developing long term, innovative and commercial projects with our partners, focusing on environmental sustainability at their core.

About Green Transition Holding

Green Transition Holding (GTH) is a project developer and asset owner within the EfW and bio energy space. Our mission is to develop and commercialize innovative technologies that improve the sustainability of industries. Through our Group Companies we offer a proven EfW technology and more than 30 years of industrial experience in constructing, developing, and maintaining waste and energy assets.

GTH was listed on the NOTC list in December 2020 and holds the ticker code GTH.

Sources and footnotes:

IEF Methane Initiative

Methane emissions are driving climate change. Here’s how to reduce them. (unep.org)

Methane Tracker 2020 – Analysis – IEA

The Challenge | UNECE

1) Over a 20-year period. The estimated impact of 100 years is 28-34 times.

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