Miscanthus Giganteus demand growing rapidly

The fast-growing energy crop, Miscanthus Giganteus, also known as elephant grass has a growing demand amongst farmers for the use as an industrial feedstock to use for co-firing in electricity production.

 

In Norfolk England, Steve Bacon, general manager of International Energy Crops addressed farmers at a Miscanthus Giganteus presentation and said, ““This is a green crop. It is good for biodiversity and will help to keep the lights on.”   Bacon said the demand for the energy-crop came from power stations including Ely and Drax in Yorkshire.

Several farmers in Eastern England and especially Norfolk have planted about 10, 000 acres of Miscanthus and were told a precision approach to planting the crop was essential to long-term profitability.

Andy Lee, head of agronomy for Shropshire-based IEC, said “the key to obtaining sustainable yields over at least 20 years was good establishment, protection from rabbits and hares and weed control.”  Miscanthus Giganteus can achieve yields of about 20 tonnes per hectare, which could deliver net returns of more than £1,000 ha.  At 10t yield, net returns would be around £465 ha and 15t around £735 ha.

A grant from Natural England of 50pc was available towards the investment to establish the crop that cost around £2,100 per hectare.  Once the crop is established it is harvested between January and April and once the crop is pelleted and delivered to a power station, it was typically included at a rate of between 10 and a maximum of 20pc of the total feedstock.

Bacon said the two proposed pelleting plants, one in Shropshire and another in Swaffham will boost the production and further reduce the carbon footprint of transport.  He pointed out that in Norfolk and Suffolk, a plant producing 20,000 tonnes of pellets, would require about 1,000 acres of miscanthus.  He said, “Miscanthus is the most exciting crop in the world and your yield almost irrespective of the weather will be 10pc either way.  Once you hit your 15, 18 20 tonnes per hectare, that’s what you’re going to get.  The future looks bright, we already have crops planted and we are looking to double the area next year.”

Advertisements

About Insight group PLC

About Us Insight Group PLC is a leading private investment company based in the thriving city of Cape Town, South Africa. With offices also located in Mozambique, Gambia and the financial hub of Hong Kong; Insight Group PLC is perfectly positioned to provide clients with investment opportunities and expertise unsurpassed in today's marketplace. We take great pride in our ability to provide our clients with quantifiable confidence in everything we do. Our ability to achieve this and meet the varying needs of all of our clients stems from the fifty years of experience in the financial, media, commodities and property sectors of those leading the organisation's success. Chairman of Insight Group PLC, Alfonso Rivera Revilla, is a respected Accountant and Lawyer in Europe with over 25 years of experience in working with high-end investors who want to get the most out of their personal finances and their businesses: "In these difficult economic times, it is critical to protect your wealth. Traditional strategies, such as high interest rate accounts, no longer give people a worthwhile return. At Insight Group PLC, we're excited about the fact we offer investment opportunities that other's can't - including the big banks and funds. We personally seek the most competitive investment options for our clients and put them in touch with our industry experienced and respected Wealth Management Specialists (click here if you'd like to work for us). "We are confident in everything we do, contact us to share in that confidence and to reap the rewards." View all posts by Insight group PLC

5 responses to “Miscanthus Giganteus demand growing rapidly

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: