8th November 2018 - Annual award presented by the Department for International Trade.

The British Ambassador to the Netherlands, The Honourable Mr Pete Wilson and Mr Berry Marttin, member of the managing board of Rabobank, awarded our investor Momentum Capital with an investment award for investment in sustainable business int he UK.

It is a reward for seeing the potential and results in CEG (Clean Electricity Generation) and MBS (Midlands Biomass Solutions), as an investment and as a way of making a better world by making an industry smarter. The award was accepted by Jeroen Koot, CEO of CEG on behalf of Momentum Capital.

4th May 2018 - Jeroen Koot new CEO of CEG

Jeroen Koot has been appointed as the new CEO of Clean Electricity Generation (CEG) as per 1 May 2018 focused on the strategic expansion of the company. Erik Huis will continue to be involved as partner and asset manager of the major shareholder Momentum Capital. Koot has extensive experience as a managing director at medium-sized and large companies, most recently a restructuring and successful sale of BioMCN to strategic partners for private equity company Waterland.

Erik Huis of CEG: "Based on Jeroen's successful track record in the field of technology and industry, Jeroen is the right man to further develop CEG's position as a supplier of biomass solutions as a sustainable energy source and to give it a prominent place in the current energy transition. ”

CEG is going to roll out its technology worldwide in partnership with Fluor/Stork, among others. Torrefied biomass, or biocoal, is a solution in which existing infrastructure can be used with sustainable biofuel without major investments. Biocoal production is currently taking place in Derby, United Kingdom. The construction of the next plant for Baltania OÜ with an annual capacity of 200,000 tonnes. in Estonia will start this year.

4th May 2018 - Jeroen Koot nieuwe CEO van CEG

Jeroen Koot is per 1 mei 2018 de nieuwe CEO van Clean Electricity Generation (CEG) verantwoordelijk voor de strategische uitbouw van de onderneming. Erik Huis zal als partner en asset manager van grootaandeelhouder Momentum Capital betrokken blijven. Koot heeft een ruime ervaring als directeur bij middelgrote- en grote ondernemingen waarvan het meest recent een herstructurering en succesvolle verkoop van BioMCN aan strategische partners voor private equity bedrijf Waterland.

Erik Huis van CEG: “Op basis van Jeroen’s succesvolle staat van dienst op het gebied van technologie- en industrie, is Jeroen de juiste man om de positie van CEG als leverancier van oplossingen van biomassa als duurzame energiebron verder uit te bouwen en een prominente plek te geven in de huidige energie transitie.”

CEG gaat in een partnership met onder andere Fluor Stork wereldwijd haar technologie uitrollen. Getorreficeerde biomassa, of biokolen is een oplossing waarbij bestaande infrastructuur zonder grote investeringen kan worden ingezet met duurzame biobrandstof. De productie van biokolen vindt op dit moment plaats in Derby, Verenigd Koninkrijk. De bouw van de eerstvolgende fabriek met een jaarlijkse capaciteit van 200.000 ton voor Baltania OÜ start dit jaar in Estland.”

18th April 2018 - Partnership makes biofuel accessible to everyone

Biocoal alternative fuel for power production and heating

AMSTERDAM – At several locations around the world, a partnership of international companies will start construction of facilities, where biocoal will be produced on a commercial scale. This biocoal can be used as sustainable fuel in power plants and heating installations all over the world, giving a boost to reducing climate change.

Of all resources used for global energy consumption, 19.3 percent is renewable energy, of which almost three-quarters is generated from biomass, according to the Renewable Energy Network (REN21). For the production of biocoal, at present woody waste residues are mainly used, among others from the wood-processing industry, sustainable forestry and green maintenance. The use of biocoal reduces fossil carbon emissions significantly and increases the use of biomass, which plays a major part in the necessary energy transition. By using biocoal it is even possible to make existing coal-fired powerplants sustainable without any major adjustments.

The partnership is initiated by Clean Electricity Generation (CEG) and Stork. Stork, a Fluor Company, will build and maintain the new production facilities. The building of the first new production plant for biocoal is scheduled in Estonia. CEG and Stork are currently working on a front end engineering and design of the installation. Construction starts at the third quarter of this year. Parallel to that, they will continue working on installations in Finland and outside of Europe with a main focus on North America. Energy innovation company CEG will supply the patented technology. The company has succeeded in developing a production facility for biocoal on a commercial scale making biocoal a viable and sustainable alternative to fossil coal. CEG already has a production facility in Derby, United Kingdom, where high-quality biocoal is produced. In comparison, the new factory in Estonia will be five times bigger.

Other participating companies within the partnership include among others Carrier, which will supply essential parts for the production facilities, and investment company Momentum Capital, majority shareholder of CEG. In addition, several large international energy companies have indicated that they want to join the partnership.

The sustainable residual flows of biomass are converted into biofuel through so-called torrefaction technology. With this technology the biomass is converted into sustainable coal via a thermal refining process. This creates a relatively cheap biofuel with a high energy density. The biocoal in the form of pellets can be used in traditional coal-fired plants, but also for industrial heating processes, buildings or city district heating projects. Compared to coal combustion, per tonne of biocoal, 2.5 tons of CO2 is saved. Moreover, the energy value is higher and less storage and transport is needed than traditional sustainable alternatives. During the production of biocoal, the installation also produces green electricity and heat.

The International Energy Agency (IEA) names torrefaction a promising technology, although a few years ago it concluded the investments were too high and the development was too slow. Now, the IEA names torrefied biomass the cheapest, lowest risk biomass for storage, transport and processing, and also the best form of biomass as a global commodity. The partnership is now accelerating this technology. Erik Huis, CEO of CEG said: “We are the only party who is controlling this technology on a commercially applicable scale and who owns the intellectual property of it. Now, together with all partners, we take the final hurdle to raise biocoal to a worldwide standard. It will pave the way to make biocoal a sustainable bulk product, so that it becomes accessible to everyone. That is our ultimate goal. The energy giants of this world follow every step we take closely and find alignment with our process, because it is a sustainable alternative for their entire chain of fossil processes.” Erik Huis further adds: “The current orders and the orders ahead require a total investment of €350 million.”

Martijn van Rheenen, CEO of Momentum Capital, the investment company of CEG is also pleased. “With this partnership we have a unique combination to contribute to both the energy transition based on proven technology and the creation of value for our investors. The production facilities in our Industrial Assets portfolio are therefore both purchased by the industry and by professional institutional parties for investing value and long-term cash flow,” he commented.

Our Management Team are experienced in safety management, business growth, investment control, financial control, project development and operations management. They come from backgrounds in business, environmental emission reduction technology development, power and heat generation engineering and coal mining production.

Our Operations and Engineering Team work shifts to process sustainably sourced biomass into biocoal and biochar products. They have been extensively trained to become competent Torrefaction Plant Operators and they work in multiple small teams with the goal of maximising safe production.