Avro Technologies Ltd
Burnaby , BC V5C 6C6 , Canada
Energy Storage & Transport Power
Avro has developed an end-to-end solution to convert stranded natural gas, flared gas, and uneconomical natural gas to higher value products. While there are numerous markets for Methanol, the lowest hanging market opportunity is with diesel manufacturers, fuel aggregaters and distributors who are more price sensitive and are looking for reliable supply source. Large scale future value added opportunities exist in pending partnerships to produce and market low carbon heating fuels and clean distributed power generation. Our operations are small and nimble with modular capitalization and quick (3-6 month) deployments. Each production plant is secured with a long-term gas supply (feedstock) contract and the Methanol or Ethanol is pre-sold with long-term off-take agreement(s) so risk is mitigated. This creates a uniquely scalable business model with global expandability. Our initial focus is methanol yet many spin-off opportunities now become possible. A new application has recently arisen regarding the opportunity to capture and sequester co2 as synthetic Ethanol. Carbon capture and recycling (CCR) benefits from all the advantages of Carbon capture and sequestration in terms of reducing carbon dioxide emissions while also avoiding the drawbacks of Co2 storage at enormous costs. By treating carbon dioxide as a resource, CCR strategies seek to produce useful products that can be sold to recover the costs of capture and conversion. Where CCS would depend indefinitely on subsidization to be economically practical, CCR offers the possibility of being financially self sufficient and profitable. The company has negotiated conditional offers for commercial loans of $10,000,000 to $25,000,000 upon raising the required equity which will act as the loan to value component utilizing gas reserves lending applied against undervalued idled gas or end-of life gas wells.
Products / Services
Carbon Capture Ethanol
AN INDUSTRY IS EMERGING WITH A NEW OPTION TO MITIGATE INDUSTRIAL CARBON DIOXIDE (CO2) EMISSIONS WHILE GENERATING ADDITIONAL REVENUE
What is needed are carbon capture and recycling solution deployed at the end- user point of consumption initially from small apartment buildings thereafter single family homes and larger industrial polluters.
Could you imagine an appliance running on natural gas the size of two refrigerators that heats your home for free, provides electricity for less than $0.05 kwh and produces enough ethanol for 5 vehicles from the co2 emissions.?
Avro has created a revolutionary mobile Gas-To-Liquids refinery — transforming Natural Gas into Methanol (eventually also Ethanol and Diesel). The company’s unique business model secures low cost natural gas supply and delivers methanol, on contract, to customers. The micro-refineries can either be installed at the customer’s site or at the well head. A cluster of many mobile micro-GTL plants are better and far cheaper than large central refineries. Components developed by the fuel cell industry are 1/4 the scale and costs of similar components from typical chemical engineering facilities.
Carbon Zero Distributed PowerGeneration
The economics for cogeneration of electricity have improved by 500% over the last 4 years. The wholesale cost of natural gas has dropped from $12.00/mcf to less than $3.50/mcf while the purchase price of electricity has increased from $0.08/kwh to between $0.15 and $0.25/kwh (and increasing) with “green premium” rates in some regions over $0.35/kwh. Methanol once primarily only sold as a chemical product is now the cheapest prospect electricity production or fuel switching. Our new techniques eliminate fossil emissions and enable cheap off grid power even in urban areas.
Mr. Forrester has studied economics and computer science at the University of British Columbia and Architecture at Carleton University. Geoff has been running cell phone and IPTV and telephony ventures directed towards the MDU (multi-dwelling units) and the hotel property market since 1997. He has fulfilled roles in financing, sales and marketing and research and development for several public and pending public companies.
Geoff has extensive experience in presenting proposals to property managers and real estate developers. In 2006-7 he has assisted in the financing of oil and gas endeavours in Northern Alberta and most recently has been involved in hydro electric smart grid projects and rural broadband initiatives under the Obama stimulus plan in Montana, Wyoming and North Dakota.
Geoff has a circle of influence in the development and property management market with specific relevance to prospects in combined heat and power for multi-unit properties and utilities management.
Executive Vice President Technology Officer
Dr Yoga Yogendran
Dr Yoga Yogendran In his former role at the energy mines and resources division of the NRC (national Research Council of Canada) Dr. Yogendran developed an extensive circle of influence in the fuel cell industry in Canada. He has introduced the firm to several fabricators and chemical engineers many of whom are recent recipients of government support from the provincial and federal clean technology grant programs (SDTC, ICE FUND, NRCAN, IRAP). He has many years of experience mentoring clean energy start-ups and assistance in proposal writing and providing techno-economic assessments. Yoga has connections with laboratories at UBC, Simon Fraser University and the NRC. Dr. Yogendran is an advisor with several cleantech companies and investment firms in Vancouver and has been helpful in soliciting foreign talent and Asia pacific partners.