SENERGY, LLC was formed to commercialize Scrap Tire/Waste Oil Processing (STOP) technology. The company is planning to develop regional plants in U.S. areas that are major consumers of the products produced by STOP Technology, primarily commercial fuel oil and carbon black, and are dealing with serious scrap tire reclamation problems.
SENERGY, LLC was formed by the founders of Mid-Atlantic Energy (MAE). Incorporated in 1998, MAE was a developer of cost efficient power generation facilities. It provided power for the merchant power market as well as for specific customers through captive consumption and distributed generation. The founders of Mid-Atlantic Energy participated in all phases of its projects, which included a $330 million 557 MW natural gas fired combined-cycle merchant power generating facility located near Reading, PA which commenced operation in 2002. Mid-Atlantic Energy has reformed as SENERGY, LLC.
SENERGY founders have significant experience in:
* General contracting and construction
* Engineering and design of power plants and industrial facilities
* On-Site acquisition
* Government relations
* Zoning and permits.
THE SENERGY S.T.O.P. Process was developed by Amoco Corporation and the University of Wyoming. Based on research at the University, three patents were issued to Amoco and the University.
The process involves a two-stage reactor conversion of waste motor oil and tires at moderate temperatures. The oil product of the process is commercial fuel oil. The carbon black can be used as modifier filler for paving grade asphalt, construction sealant and plastic resins. Further uses are colorants for construction materials such as concrete; and with recent development, can be used as a feedstock for an activated carbon product.
The University has reassigned the three process patents to SENERGY, LLC.
Senergy’s STOP (Scrap Tire/Waste Oil Processing) technology is a patented and proven technology that uses scrap tires and waste oil to recycle both components and create financially attractive products. The result of the process is a carbon black that is imbued with valuable attributes and oil that is cleaned and ready for resale.
According to the US Environmental Protection Agency, NJ generates approximately 8 million scrap tires each year, or 1 scrap tire per person per year. These tires are held in 23 tire piles across the state. In spite of actions taken by the NJ Department of Environmental Protection, approximately five million waste tires lay in stockpiles around the state and illegal dumping is still rampant. The STOP technology uniquely addresses this tire problem by simultaneously addressing another environmental issue – what to do with abundant waste oils. In a simple but highly efficient reactor system, the STOP Process reactor decomposes scrap tires in the presence of these hydrocarbon-rich waste oils to yield cleaned, high-quality liquid fuel and a carbon product ready for activation.
The reaction mechanism operates at relatively low temperature and low pressure, sufficient to break down the tire material into its component oil and solid phases. The STOP Process does not generate liquid or solid waste; the off-gases that are produced are used as fuel to self-power the process.
There are four marketable commodities that are created from this “Green” technology. There are liquid hydrocarbons, scrap metal and the energy that it generates to power itself. The fourth product is a carbon black that has numerous saleable uses. It can be sold in its immediate waste form for profit or it can be activated and sold at a much higher price. After being tested by Hazen Research, Inc. of Colorado , this particular carbon black, when activated, has a very unique set of properties that enhance its value.
The latest federal energy legislation includes a $.50/gallon income tax credit for all product oils generated using a minimum of 20% vegetable fats. It also includes a $1.00/gallon income tax credit for all product oils generated that utilize a minimum of 20% animal fats. Senergy has done extensive research to generate the most accurate cost benefit analysis. The approximate cost to design and construct a three million tire per year plant is $15 million. Senergy’s research has determined that there will be an after tax internal rate of return (IRR) on investment of approximately 300% annually. If bio-fuels are produced using vegetable or animal fats the after tax IRR can rise to nearly 900% annually. Senergy has also undertaken process studies which show that a plant capable of processing three million tires per year will create 30 to 50 new jobs directly related to that plant. This is in addition to the increased demand which will follow for tire handling, shredding, transportation, as well as for marketing the products.