Primary Energy2215 So. York Road , Suite 202 , Oak Brook,, Illinois, United States

Primary Energy Recycling is a Canadian corporation organized under the laws of British Columbia and is traded on the TSX under the symbol PRI. Primary Energy Recycling is governed by a board of directors that has an independent majority.

Objective & Business Strategy

Primary Energy Recycling seeks to maximize shareholder value by delivering valuable energy recycling services to its customers by saving them money from day one. We build, own and operate clean and efficient energy projects on or near the industrial customer's site. These projects are critical to the operation of their hosts and provide significant benefits including supplying cost efficient, reliable energy streams required for their operations. Since the recycled energy projects primarily utilize waste energy from their hosts, they produce energy at a cost well below the marginal price of energy from other sources and generate significant cost savings for their hosts and help protect their hosts from volatile energy prices. Primary Energy focuses on enhancing the economic and thermodynamic performance of its Projects, building strong relationships with customers, extending existing contracts and positioning itself with customers for future growth. Primary Energy has minimal exposure to fluctuations in fuel prices. Three of the Projects obtain their primary fuel from their hosts’ waste energy streams; accordingly, there is no fuel price risk associated with this fuel source.

Operating Strategy

Primary Energy’s strategy is to maintain active involvement over operations and maintenance of the plants. The company believes its management team has the experience and expertise to achieve higher efficiency and availability than would likely be achieved by other parties. Its operating strategy enables it to build, operate and maintain the plant at a lower overall cost to the customer while decreasing environmental impact.

Energy recycling is the recovery of energy that would normally be wasted in industrial processes by flaring, exhausting to the atmosphere or operating low efficiency equipment, and converting it into electricity or thermal energy (steam). Combined Heat and Power (CHP) is a form of energy recycling, where power generation facilities are designed to produce energy and also supply heat rather than waste it. Energy recycling and CHP can be implemented at industrial sites, manufacturing facilities and large institutions such as hospitals and universities.

In a typical electric power generation plant, input fuel is used to create electricity while excess thermal energy (in the form of steam) is wasted in the process. Many facilities, both commercial and industrial, require a substantial amount of thermal energy for heating, cooling and other low temperature processes. By locating an electric generation plant on-site at a facility that has a significant demand for thermal energy, steam that is typically wasted can be used by the host. Each CHP plant reduces their host's energy costs and reduces emissions as compared to buying power off of the grid and producing steam with boilers.

The energy lost in the United States from wasted heat in the utility sector is greater than the total energy use of Japan. U.S. Department of Energy
Recycling waste energy streams is accomplished by Primary Energy in two ways:

converting industrial waste energy streams into heat and power with on-site generation plants; and
building combined heat and power ("CHP") facilities near thermal energy users to enable recycling of normally wasted thermal energy from the production of electric power to displace host boiler fuel.
Industrial Waste Energy Recycling
Many industrial processes produce byproduct energy streams such as (i) hot exhaust gases, (ii) flare gases and (iii) high pressure gases. Hot exhaust gases are generated by facilities such as coke ovens, glass furnaces, petroleum refineries and hot rolled steel ovens, which all have high temperature exhaust that can be converted into electricity and thermal energy. Flare gases are typically created in industrial processes such as those that occur in blast furnaces, which reduce iron ore to molten iron and produce byproduct gas that must be flared for cleanup. Finally, energy in the form of pressure drop energy is created when gases, including steam and natural gas, flow from high pressure pipes to low pressure points of use. Electric power and thermal energy can be produced by capturing and recycling these forms of waste energy produced by industrial processes.