EnviraPAC has one of the only working processes for converting woody biomass and other agricultural waste to Activated Carbon. Competitive manufacturers source activated carbon from lignite/coal thus dealing with a host of associated negative impacts (similar to that of coal burning power plants). EnviraPAC produces activated carbon entirely from certified renewable biomass and/or waste wood so the impact is minimal. At current production, Albemarle (NYSE:ALB) has agreed to purchase 100% of the PAC/Powdered Activated Carbon produced by enviraPAC—servicing end users such as coal-fired power plants, cement producers, and steel manufacturers. Generate Capital invested in a bankruptcy remote project SPV (owned and operated by enviraPAC) to build the first two of five total production lines on site in Monticello, Arkansas.
- $25M investment
- 17% IRR unlevered
- 4.5-year payback period
- $50M contracted pipeline
