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SIMEC Atlantis says positive Uskmouth test results have 'huge implications for viability of project'

SIMEC Atlantis Energy PLC's (LON:SAE) CEO Tim Cornelius and Director of Project Delivery David Taaffe caught up with Proactive London's Andrew Scott after announcing that combustion tests have confirmed that waste converted to pellets can be burnt successfully to fuel at its Uskmouth power project in Wales. Mitsubishi Hitachi Power Systems (MHPS) is designing and developing the combustion unit at the plant and undertook the heavy industrial test at its research plant in Nagasaki in Japan.

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Price: 23.05 GBX

AIM:SAE
Market: AIM
Market Cap: £113.31 m
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SIMEC Atlantis Energy seals deal to finance 100% of Uskmouth Phase 1 project

SIMEC Atlantis Energy Limited's (LON:SAE) Tim Cornelius explain's to Proactive what the debt financing deal with South Korean financial institution Hana Financial Investment means for the Uskmouth Phase 1 project. Cornelius says the debt facility will provide the company with up to £170mln and...

on 24/8/20

2 min read