Highbury Energy Inc. is pleased to announce an agreement with international power management company Eaton and mining company MGX Minerals Inc. to convert organic matter into syngas at a mining operation in southestern BC.
Using its proprietary biomass gasification technology, Highbury has committed to provide a clean, low-cost energy source of syngas for continued operations at MGX’s Driftwood Creek magnesite property in the East Kootenays region of BC.
Terms of the agreement establish a comprehensive working business relationship between MGX, Eaton and Highbury to work together on several aspects of designing, developing and financing Driftwood’s proposed mining and processing project. The project will deploy Highbury’s proprietary dual-bed gasification technology to produce a hydrogen-rich syngas to heat industrial kilns as part of the production of calcined caustic magnesium. Feedstock will be waste biomass from the forest products industry within the region, possibly along with other biomass sources from forest ecosystem restoration and fuel hazard reduction programs within the area’s wildland/urban interface.
The project is slated to utilize an estimated first phase of 50,000 bone dry tonnes of biomass per annum. MGX says it will produce 100,000 tonnes of MgO (magnesium oxide) per year and operate for more than 40 years. The project will be supported by Eaton’s global experience and expertise in the mining and heavy industrial electrical industries, and will build a business case to determine its financial support as financial partner of the MGX project.
The project will provide local jobs and long term benefits for the East Kootenays region and will support economic growth within British Columbia.