Charwood Energy has announced it has finalized the financing of its first proprietary syngas production plant. The approval of the financing plan for this first syngas production unit is a major milestone for Charwood Energy as it validates its strategy of developing recurring revenues over the long term.
It is also testament to the know-how of Charwood Energy?s teams and their ability to meet the decarbonization objectives of major industrial companies. There is currently no equivalent in the glass industry of the plant to be commissioned at the Verallia France site. This investment is being led by Charwood Energy and the Eiffel Gaz Vert fund through their joint subsidiary W&nergy. A grant was obtained for the project from ADEME as part of the ?Décarb?ind? call for projects, and the Nouvelle Aquitaine region. A portion of the financing was provided by Banque des Territoires and Banque Populaire du Grand Ouest. Directly owned by Charwood Energy, this plant will supply one of the three furnaces at the Verallia France site in Cognac, replacing 20% of its fossil energy consumption and enabling a 22% reduction in CO2 emissions (Scope 1 and 2) from this furnace. The expected production of 30 Gwh/year will require the supply of 8,000 tons of biomass within a radius of 100km of the site. Work is scheduled to begin in the first quarter of 2026, with commissioning scheduled for the second half of 2027. The works will last 18 months and will be carried out by Energy&+, Charwood Energy?s EPC project subsidiary. Energy&+ will bring on board a multidisciplinary team entirely dedicated to the design and construction of the plant.