STATUS
Cooperation Agreement for design, construction and operation (BO) of waste recycling plant with total capacity up to 580,000 MT of waste p.a. has been signed at 2015 between Cavalcom Recycling Group, Mongolian Government and Municipality of Ulan Bator under obligation of the Municipality to pay for waste the tipping fees during next 25 years. According to the agreement, the government also undertakes to purchase the energy if there is no demand in the private market.
The project shall be placed in territory of 30 hectares in Industrial Technology Park in Nalaykh (35 km from Ulan Bator). The land-lease agreement for 30 hectares of land has been finally signed at February 2019
Project's cost is about 350M USD.
The list of products to be produced during waste recycling process includes M40, BioDiesel Syngas and electricity according to the market demand. Capacity - around 200,000 MT of Oil Equivalent or 1,250,000 BOE (Barrel of Oil Equivalent)
W2E PROJECT
"WASTE TO ENERGY"
Investment Plan
1 - e-CVL Crypto platform including blockchain, wallets,
crypto-currency exchange market suitable for supporting
the energy world trade MARKET - US$50M
2 - Design, construction and operation of W2E -Waste to
Energy plant - US$300M
Total cost of Step 1 - US$350M
3 - Design, construction and operation of green - US$35M
4 - Multi-currency Mining - US$25M
5 - Greenhouses - US$15M
6 - Domestic gas distribution - US$20M
Total cost of Step 2 US$95M
7 - Therm-electricity station (coal, mazut, gas) US$120M
Total cost of Step 3 - US$120M
Total amount of investments US$565M
GREEN NEWS
Mongolian Government decision: the waste recycling plant will be modernized
Central bank of Mongolia approves regulation on digital currency
All kind of benefits coming from the financial activities of the High-Tech Industry International Non-Profit Foundation as the Funds/Assets Manager on behalf of Foundation's Members, will be invested into the projects under the patronage of the Foundation Council in accordance with the Foundation Charter.
