SOLMEYEA Food, Feed, Phyco & Pharma
The impact of the climate crisis on our everyday lives is evident and nations around the world are rallying to find ways to combat it. With Greeces overreliance on fossil fuels, the transition towards a greener economy is proving increasingly difficult. That is why it is essential to find innovative ideas to alleviate some of the challenges that the post-carbon era leads to. That is where this proposal fits in, as it provides an opportunity to keep fossil fuel plants operating until a viable alternative is found while at the same time capturing some of their emissions. As of now, Solmeyea cannot completely capture all the CO2 that a heavily polluting corporation emits. Indeed, it can provide a means of removing some of its carbon footprint in a way that would bring to the heavily polluting corporation numerous financial benefits and provide the blueprint for a smoother transition towards a carbon-neutral world. What Solmeyea proposed, is a microalgae plant next to the heavily polluting corporation, where the CO2 emitted would be directed and through an innovative, IP protected process, further utilized and turned into green valuable products. In this technoeconomic analysis, six execution phases of this proposal will be examined, with a gradually increasing amount of CO2 captured along with different associated costs for each one.There is also a detailed analysis of the multiple financial benefits that the heavily polluting corporation could have from a collaboration with Solmeyea of over €200,000,000 with the main results mentioned below:
- A reduction of the interest rates in existing bank loans of PPC by up to 200 nominal basis points would indicatively lead to a €63,000,000 reduction in the amount needed to be repaid of a €530,000,000 loan
- An increase in the local GDP per capita in Ptolemaida of more than 72%
- An increase in the share price of the publicly traded PPC leading to a higher market capitalization by more than €49,000,000
- An avoidance of CO2 penalties that PPC currently pays between €40,000,000 up to €100,000,000
- An increase in the book value of the rest of the land assets nearby the Ptolemaida V lignite-fired power station with a multiplier, due to projected revenues in the previously underutilized land operated by Solmeyea
- Marketing benefits and general positive customer perception