Simec Atlantis Energy Share Discussion Threads

[rogerramjett] 14/9/2020 15:27

I dont know when it was made but it is very professional for an AIM company.

Interesting clip re Meygen and the Scottish first Minister and TC together.

Simec Atlantis are behaving in a way you would expect an experienced professional Engineering and Energy business to operate.

[tempesttroy] 14/9/2020 15:26

The statement should be interesting?

[tempesttroy] 14/9/2020 15:25

The statement should be interesting?

[beagrie] 14/9/2020 15:18

Thanks Roger, good stuff !!

[x54v] 14/9/2020 14:29

Great video.

[rogerramjett] 14/9/2020 14:14

Check out the exhibition video of Uskmouth Power Station if not done so already.


There is a statement regarding emissions at 3.00 minutes by Cara Donovan,

[x54v] 14/9/2020 06:29

“Great article explaining why the Koreans are so keen to fund Simec Atlantis's Uxmouth plant and waste to energy business, massive implications.”

[x54v] 14/9/2020 06:21

“Finance manager at Simec Atlantis, Alex Reading, said: “The data centre itself is allowing MeyGen to go from a 6MW facility that it has now to 86MW – and that ability to do that from a tidal perspective is huge.”

[gbjbaanb] 13/9/2020 21:51

Even the recyclable plastic is often not recyclable. Case in point is Lucozade bottles, made out of a type of plastic that is really recyclable. But the plastic wrap with the branding on it is not. Thus the whole thing has to be chucked as the machines cannot separate them.

The only realistic way to fix this is to legislate only one type of plastic can be used for food and drink, and the entire thing, cap and all, will have to be made of it. That's not likely to happen for stupid reasons.

[rogerramjett] 13/9/2020 19:47

There are two types of plastics. Thermoplastics and thermoset. Recyclable and none recyclable respectively.

Simec Atlantis ate not just lookimg at getting rid of non recyclable plastics but mixed non recyclable waste. So they will be doing th world a bigger favour by reducing or eliminating non recyclable landfill.

One day we may be in a perfect world of 100% sustainability and recycling. That is not the case presently. As we move towards that we must embrace technology that can be used effectively now to get rid of the problem created before we can than fully embrace 100% renewable energy.

[blomers] 13/9/2020 18:40

This is an interesting article, suggesting the whole plastic recycling movement has been a massive con to enable plastic producers to carry on producing while people think their recycled plastic is being re-used.

If this is true and becomes widely known, then I would expect burning plastics to produce power will be the only way to get rid of it.

[tempesttroy] 13/9/2020 17:56

100% in agreement. The planning application itself pays reference to the fact it's a power generator and not an incinerator. In fact, it couldn't be any clearer. In so far as I'm concerned, SAE shall be fully compliant in respect of the majority if not all the environmental criteria in order to ascertain the permit itself. In order not to gain the permit (and this would be nothing short of a disaster) NRW would have to prove or present a bone fide legal argument against it. This is why I'm confident the variation to the existing permit will be granted. What I'm trying to ascertain is the term of the permit as I think the existing one expires in 2024. I stand to be corrected on this but in any case an extension should be a formality. Making any investment is never easy I know but I do hope this helps a tad.

[clabburn] 13/9/2020 17:39

I agree with all these points. I wouldn't go as far to say they are walking a tightrope but we should all be going into this with eyes open and appreciate nothing is guaranteed until they reach financial close. My reading of the application permit docs is that natural resources Wales have struggled a bit trying to classify this project due to its unique nature. I think the only real way they can turn this down is if they judge it against criteria for a brand new power station. This would be grossly unfair in my vuew and probably easily challenged on appeal. I'm expecting a positive outcome to this, hopefully some point in October.

[rogerramjett] 13/9/2020 17:05

The plant is not classed as an incinerator because incinerators and EfW main income is from gate fees from the waste. Incinerators are notoriously inefficient and will continue to burn waste regardless of generating power in order to just get rid of waste.

Uskmouth is different as it is an existing power station that is only changing from burning coal to burning SubCoal. Subcoal fuel has to be paid for and as a result Uskmouth power station does not receive a gate fee for receiving the waste and the main revenue for the station will be through power sales. Uskmouth is much more efficient than EfW in the fact that it can generate more power per MT of waste than an EfW plant.

As far as I can see they do not need to comply with the IED requirements per se as they are specifically for EfW and that is not Uskmouth, it is a simple conversion project using existing infrastructure. However, Simec are trying hard to meet the emmision targets anyway. You must read the Natural Resource Wales application to get a better understanding if you are concerned.

What DO friends of the earth like ? Name me one thing that they would praise in respect to power generation? What can we use to generate power that is not a blot on the landscape or harmful or endangering to some species somewhere ?

The Simec solution should be commended for dealing with waste and reducing landfill. Simec Atlantis take the waste that literally cannot be recycled and no one wants. Better to put it to use than sticking it in the ground.

[hmacd] 13/9/2020 16:39

Rogeramjett, your interesting posts are a little concerning. I am a new investor, keen to be persuaded to add.
Why don't friends of the earth like it ?
What IED requirements are not being met ?
You say "Simec are trying to demonstrate that the plant is not effectively an incinerator". I think you mean this is because they cannot fully comply with incineration requirements, and hence are bringing other arguments to bear ?
If so, it sounds like a tightrope ? yes/no ?

[tempesttroy] 11/9/2020 22:37

x54v, I read the same article earlier on today and also found it interesting but thanks for posting all the same. It was SAE's work with tidal that first attracted me to the company and with all that's going on with Uskmouth, it's easy to overlook their tidal business which has got incredible potential in it's own right and on its own, worth the investment in my opinion. The truth is there is potential wherever you look in SAE. I'm in quite deep (for me) but in for the long haul.

[tempesttroy] 11/9/2020 22:30

Wow rogerramjett, that's some buy. The biggest I've seen and puts me in the shade! Very interesting the transaction is disguised as a "sell" when, in fact,it's a "buy". The mind boggles! Can't wait for Monday start of trade to see what impact this & others I hasten to add on the share price If this is a punt, it's some punt! Like you, I believe this purchase has been made with some form of Intel. It's simply too large for it to be otherwise. I was going to go to sleep but now my mind's in overdrive! Looks like the secret is out my friend!

[rogerramjett] 11/9/2020 19:44

A very large 475k share buy from yesterday morning showing after hours today. I have been through the historical trade data on here and checked the buy/sell trade price for the time and can see that it was above mid and inline with the ask price for yesterday morning. As was the 100k late reported from yesterday afternoon.

Someone spending that much is not just taking a big punt.

[x54v] 11/9/2020 09:30

"The success of a Highland tidal power project could spark the creation of a whole new industry and now Japan is interested in importing the technology"

[x54v] 10/9/2020 10:46

"Core LT investment #SAE @simecatlantis - volume picking up as major news items approach.

It's integrated processes have now been proven to be commercially viable.

A multi-billion dollar valuation is simply a question of (financing) global rollout.

This will begin shortly, IMO."

[rogerramjett] 09/9/2020 12:56

And by burning fuels with a higher energy density that EfW don't want (reduces gate fees for EfW by burning higher density fuels) Uskmouth is desposing of non recyclable waste in an ethical way resulting in this not going to landfill.

[rogerramjett] 09/9/2020 12:53

based upon the electrical efficiency of Uskmouth compared to EfW the efficiency is 10% higher for Uskmouth and the this results in lower net emissions per MWh output for the same input of fuel than EfW

[rogerramjett] 09/9/2020 12:49

Just watching the AGM and reading the slides this time.

Interesting to see that they can convert a third line (boiler) and scale up to 330Mw at Uskmouth.

[rogerramjett] 09/9/2020 12:34

Clabburn. Yes, the last meaningful risk, hence the caution for investors and the share price bouncing between mid/low 20s to 30p.

Once this has been closed out the share price should in effect re-rate as the risk in planning and in construction would be minimal and revenues would be medium term.

Waiting patiently for this to materialise and have plenty more to invest as I think this will open doors all over the world to resolve non-recycleable waste to landfill and make use of it through creating a sustainable fuel source to generate power. This should be seen as a stepping stone towards a cleaner environment and start to fill the gap of coal power whilst new green tech such as tidal (probably the most consistent and predictable source of green energy) can be developed to replace other dirtier sources.