March 17 (SeeNews) - US security and aerospace company Lockheed Martin (NYSE:LMT) on Monday said waste management company Concord Blue has awarded Lockheed Martin Energy a USD-43-million (EUR 38m) contract to proceed with engineering, procurement and construction of a 5-MW waste-to-energy plant in Herten, northwestern Germany.
The project, first announced in November 2014, is slated for commissioning in 2017.
The bioenergy facility will transform forestry waste to power using Concord Blue’s Reformer technology, which converts waste to energy through a process called advanced gasification. Concord Blue claims its patented solution converts waste material using heat transfer, which results in no harmful byproducts.
The power plant is expected to annually process 50,000 tonnes of raw waste per year, significantly reducing the need for landfill use. The resulting energy output isestimated to cover the consumption of 5,000 local homes and businesses.
Additionally, Lockheed Martin and Concord Blue signed a modification to the existing teaming agreement established in 2013 to extend the partnership ten years though 2026, with options for further extension.
The agreement enables Lockheed Martin to serve as Concord Blue’s Engineering, Procurement and Construction (EPC) contractor for future bio energy conversion projects and to continue serving as the exclusive manufacturing provider of the Concord Blue Reformer.
(USD 1 = EUR 0.882)