Imperial County, CA, USA – May 7, 2018 – California Ethanol & Power, LLC (CE&P) has announced their selection of GE Power as the Engineering, Procurement and Construction (“EPC”) firm for the power island of their extremely low-carbon ethanol, electricity and bio-methane generating facility that will use locally grown California sugarcane as its feedstock.
With a signed Memorandum of Understanding in place, GE Power is completing the initial conceptual engineering and detailed costing for the Power Island portion of the project. “GE Power is eager to help pave the way forward for the energy industry by redefining low-carbon energy,” said Michael Keroulle, GE Steam Power Chief Commercial Officer. “As the project proceeds, we look forward to partnering with CE&P to help them meet their goals of clean, flexible and efficient energy.”
The energy products produced by CE&P will have a very low carbon intensity, making them particularly valuable under California’s Low Carbon Fuel Standard (“LCFS”) and greenhouse gas emission reductions programs. “We are very pleased to have GE Power as an integral part of our project. GE Power is a highly regarded global expert in supplying advanced power generating technologies to numerous industries,” said Dave Rubenstein, President & CEO of CE&P. “We are confident that their expertise will enhance our ability to achieve our goal of building the first low-carbon energy facility producing extremely low carbon ethanol, base-load renewable electricity, and pipeline quality biogas,” said Rubenstein.
“With this partnership, we are not only leading the industry in innovative energy solutions but by using a renewable biomass fuel source and sustainable, carbon-neutral steam power generation, we can apply GE’s steam technology in new ways to help reduce environmental impact. We are continuing to better understand the fuel and how it performs with GE’s tangential firing technology while also carefully measuring emission levels of NOx, SOx, and unburned carbon to meet and exceed California’s Low Carbon Standards,” said Keroulle.
The location of the facility is in the abundant farming areas of Imperial County, California. In September 2017, CE&P obtained the grading permit and an address for the facility. CE&P expects to finalize the financing in mid-2018 and for the plant to commence operations in 2021.
GE Power is a world leader in power generation with deep domain expertise to help Customers deliver electricity from a wide spectrum of fuel sources. We are transforming the electricity industry with the digital power plant, the world’s largest and most efficient gas turbine, full balance of plant, upgrade and service solutions as well as our data-leveraging software. Our innovative technologies and digital offerings help make power more affordable, reliable, accessible and sustainable. For more information, visit the company's website at www.gepower.com.
California Ethanol & Power, LLC (CE&P) is completing the development of and intends to project finance, construct, own and operate a series of plants, with the first being in the Imperial Valley of California. This first facility will convert ~ 52,000 acres of sugarcane grown year-round into 68 million gallons of low-carbon fuel-grade ethanol per year. In addition, each facility will also produce ~ 66.5 megawatts of baseload renewable electricity, about 47 of which will be exported, and ~ 930 million cubic feet of bio-methane, all for sale in California. For more information, contact VP Marketing Camille Soriano at CSoriano@CaliforniaEthanolPower.com. Visit our company’s website at www.californiaethanolpower.com.
This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, which are identified by the use of forward-looking terminology such as may, will, could, should, expect, anticipate, intend, plan, estimate, or continue or the negative thereof, or other variations thereof. Each forward-looking statement, including, without limitation, any financial projections, speaks only as of the date on which it is made, and CE&P does not undertake an obligation to update any forward-looking statement to reflect events or circumstances after the date on which it is made, or to reflect the occurrence of anticipated or unanticipated events or circumstances. The forward-looking statements are necessarily based on assumptions and estimates and are inherently subject to various risks and uncertainties. Actual results may vary materially as a result of changes or developments in social, economic, business, market, legal and regulatory circumstances or conditions, both domestically and globally, as well as due to actions by customers, clients, suppliers, business partners, or government bodies. Performance is subject to numerous factors, including demand for renewable fuels and the availability of, private and public-sector funding. Results may also vary as a result of difficulties or delays experienced in the execution of contracts or implementation of strategic initiatives.
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