STEP 40 LPM - Low Pressure Methane Miner - page 2
Introduction
Impact
- Each LPM gathers 1.5 MillionM3 of methane per day equivalent to 200 MegaWatts continuous
- 84 such machines could clear out the Amazon basin in 80 years.
- 7 Gigawatts of electricity/ hydrogen are produced for distribution in the Amazon basin.
- Each wood miner produces 3 million M3 of excellent-quality recycled hardwood per year.
Practically
- A ‘slow-tech’ design would encompass low speeds and a 100-year life.
- Reinforced Concrete (RC) is used extensively as construction material, because of its cost,strength and durability.
- Building such machines would be viable for the Brazilian construction industry.
- A low-maintenance design allows for minimal upkeep cost.
Environmentally
- 16 million tons of CH4 and 49 million tons of CO2 per year are kept out of the atmosphere.
- 12 million tons of recycled hardwood are produced per year, taking pressure off new logging.
- Clean energy is made available to Amazonia, again taking pressure off environment.
Socially/ Politically
- The Methane Miners would be organised as communities. Local people would inhabit them, carrying out mining work and maintaining machinery as part of their lifestyle.
- Such projects could be financed by a Carbon Tax; ideally through a “World Carbon Bank”
- Governments could buy in to such schemes; it’s jobs for their industry and a way to be seen to be doing something!
Economically
- Development costs are estimated at €50 million.
- A working prototype would cost approx €150 million
- Brazil could subsequently build a full-size machine for the same price.
- Total investment ramps up to €5 billion over 20 years.
- CH4 lock-up (Emission Avoidance) is worth €15 million per annum
- CO2 lock-up (Emission Avoidance) is worth €20 million per annum
- Electricity generation is worth €30 million per annum
- Hardwood export is worth €10 million per annum
- Payback time for investors = 40 years (60 years profit)