In August 2017, our company began designing our hydrogen production plant. The plant is expected to commission by 2020, making it the first hydrogen plant located within East Malaysia.
The strategy of our company, BiosynTech is geared towards long-term profitability growth and focuses on providing quality services to our customers, partners and community.
We are responsible towards our shareholders, business partners, employees, society and the environment in every aspect of our business. We are committed to expanding our technologies and products to meet our goals and ensure a sustainable development.
Our co-gasification process operates with palm oil biomass such as empty fruit bunches, mesocarp fibers and palm kernel shells and plastic waste (namely high-density polyethylene). We chose these materials as our feed stock to target the largest categories of waste in Malaysia. Following figures below, we can see that palm oil biomass outnumbers other sources of biomass while plastics are the second largest municipal waste found in Malaysia.
In 2016, there was an estimated that Malaysia had 57 million tonnes of palm oil biomass and 6 million tones of plastics produced. Moreover, the cost of obtaining these feed stocks were relatively cheap. The average cost of obtaining palm oil biomass was roughly RM 250/tonne while the cost of plastics were RM 0.30/tonne.
BiosynTech’s waste-to-hydrogen conversion technology is an innovative, proprietary process to convert waste materials into renewable energy namely, enriched hydrogen gas. A catalytic co-gasification process is used to produce our enriched hydrogen gas at a high purify of 99.9%.
The waste to hydrogen process plant provides an integrated waste processing system which offers an alternative to landfill disposal, incineration, and recycling – while also being a viable, economical, and environmentally-responsible waste management solution. The plant takes a modular design whereby a single module can produce up to 100 000 tonnes of hydrogen gas per year. The overall plant capacity can be easily scaled up by adding additional modules. The output is an enriched hydrogen gas product. The following figures displays the process flow diagram and process control systems of our plant.
To simulate our plant, we used Aspen Plus using the RKS-BM fluid package. The following figure displays our “Methods” settings.
The following figures displays our fluidized bed reactor settings on Aspen Plus.
The following figure displays our tar cracking reactor settings on Aspen Plus.
The following figures displays our water gas shift reactors settings on Aspen Plus.
During the simulation, we achieved a 80% conversion of feedstock to product gas.
As a green technology service provider, our company is entitled for a lower corporate tax rate of 20% (25% for normal corporations). Moreover, under the Malaysian Investment Development Authority’s (MIDA) program, green technology service providers are eligible for a 100% tax exemption for the first 5 years of operation and another 100% tax allowance on 70% statutory income based on the CAPEX for the subsequent years.
Following a sensitivity analysis, it was determined that a best case and base case would both reap commendable profits with reasonable returns. The return on investment after -tax (ROI) is determined to be 21.72% and 16.37% respectively. Moreover, our payback period is estimated to be within 4.6 years and 4.81 years respectively.
Click here for a detailed description of Malaysian taxes
Click here for a detailed description of the green technology incentives.
The following figures and charts are some key economic data extracted from our sensitivity analysis.
Environmental and Safety Considerations
Click here for the Environmental Quality Clean Air 1978 document
Click here for the Scheduled Waste Procedure 2005 document.