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Dutch crowdfunders mushroom to help finance bioenergy and Champost plant

In Ysselsteyn, the Netherlands, bioenergy technology provider HoSt has announced that it will build a 12.4 MW biomass-fired combined heat and power (CHP) plant as part of the Organic Nutrition Centre (ONC) of Sikes Group, one of the world's largest mushroom farms. The project is scheduled for completion in the first half of 2022 and is being financed in part by crowdfunding through the DuurzaamInvesteren platform developed by Crowdinvesting B.V.

In Ysselsteyn, the Netherlands, bioenergy technology provider HoSt has announced that it will build a 12.4 MW biomass-fired combined heat and power (CHP) plant as part of the Organic Nutrition Centre (ONC) of Sikes Group, one of the world’s largest mushroom farms. The project is scheduled for completion in the first half of 2022 and is being financed in part by crowdfunding through the DuurzaamInvesteren platform developed by Crowdinvesting B.V (photo courtesy HoSt).

The sustainable energy produced will be put to good use in the various production processes and contribute to the further sustainability of the Sikes organization. The project is scheduled for completion in the first half of 2022.

Years of preparation, in which HoSt has been an important cooperation partner, now leads to a triumph. We are proud of this step towards the realization of this further increase in sustainability since the founding of Sikes. Thanks to the bioenergy plant, sustainable processing and wider applicability worldwide of the residual flows from our mushroom cultivation is possible in the short term, said Gerard Sikes, Director of Sikes Group and the Organic Nutrition Centre (ONC).

Local and sustainable energy

Prunings and wood residues from the surrounding area will be used to produce sustainable energy, resulting in significantly greater independence from fossil fuels for the adjacent Sikes mushroom farm.

Production processes of the mushroom farm, such as its sorting lines will run on the generated electricity with excess green power fed back into the electricity grid.

The steam, which can be drawn off from the installation, will be used for steam cleaning that has a disease-reducing effect and keeps the mushroom culture healthy while residual heat will be used to dry spent mushroom compost (SMC) or “Champost”.

There is a global demand for this product in the form of pelletized organic fertilizer.

The bioenergy plant is highly efficient and, thanks to extensive flue gas cleaning technology, provides low-emission energy production from available wood residues from the area.

Our proven technology results in low emissions and high performance. The application of a flue gas condenser increases the efficiency by 22 percent bringing the total efficiency to 110 percent, said Ivan Derkink, Sales Engineer at HoSt.

Crowdfunding mushroom development

Consisting of two parts – the biomass-fired CHP plant and the “Champost” drying and pelletizing plant – the ONC is estimated to require a total investment of EUR 30.9 million.

The ONC forms the basis for Sikes Group’s five-year plan which amongst other ideas includes the production of organic boards from the mushroom residues.

Apart from Silkes Group, a senior loan of up to EUR 20.0 million is being provided by an unnamed renewable energy fund, while the National Green Fund is providing a maximum of EUR 3.9 million.

HoSt too is investing up to EUR 0.7 million while the balance of equity capital of EUR 4.95 – 5.25 million is to be raised by crowdfunding via the DuurzaamInvesteren platform. Opened at the beginning of April, almost half of the crowdfunding target has already been raised.

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