Meridiam has partnered with Européenne de Biomasse (EDB), a French company specialized in the biomass and pellet sectors, and Caisse des Dépôts to develop and co-lead a long-term investment in an “integrated biomass” project.
The project consists in developing, implementing, financing, operating and maintaining two related facilities, financed separately:
The project promotes circular economy as COGECAB will operate using the wood feedstock produced by FICAP, which, in turn, will use energy from COGECAB for its pellets production process. FICAP is a breakthrough as it will enable to produce “locally” black and white pellets. Black pellet can be used as a substitute to coal, in a context of coal phasing-out in France. FICAP has been sized to address the demand from district heating sector, starting with Paris network which is still relying on coal for 14% of its heat. The Project could also enable the partial conversion to biomass of power plants.
Plant in Europe
Alternative to coal
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