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Perigrine Energy plans $135M SC biomass plant

April 22nd, 2009

HARTSVILLE, SC – Peregrine Energy Corp., a company developing independent power and other industrial energy efficiency-related projects, says it plans to develop a new woody biomass-fueled cogeneration plant at Sonoco’s Hartsville Manufacturing Complex.

Ralph H. Walker, Jr., president of Peregrine Energy said the $135 million investment by Peregrine represents one of the largest single capital development projects in South Carolina’s Darlington County’s history.

Plans are for Peregrine to construct and own a new 50-megawatt capacity facility that will be capable of generating enough electricity to power approximately 14,000 homes. The new biomass-fueled cogeneration facility will replace Sonoco’s existing coal-fired boilers.

Once the facility is operating, Peregrine intends to sell the entire electrical output and all renewable energy certificates associated with the plant to Progress Energy Carolinas Inc., and low pressure steam from the plant to Sonoco for use in the manufacture of recycled paperboard and other converted products at its Hartsville complex.

The proposed facility will sit on a 12- to 15-acre site within the Sonoco complex.

The project also would benefit the regions’ forestry industry by utilizing pre-commercial thinnings and waste logging residues as the woody biomass fuel for the project.

Online: www.peregrinecorp.net

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