Resources round-up: Range Resources, African Copper, Wasabi ...

Wasabi Energy has reported that its Kalina Cycle licencee, FLSmidth, has secured a contract to install its second power plant using waste heat from a major cement plant. The plant will be installed in the second quarter of 2013 at a cement plant owned by Star Cement in United Arab Emirates. Wasabi Energy will receive a one-off licence fee based on the gross power output of the Kalina Cycle plant.

Wasabi Energy has reported that its Kalina Cycle licencee, FLSmidth, has secured a contract to install its second power plant using waste heat from a major cement plant. The plant will be installed in the second quarter of 2013 at a cement plant owned by Star Cement in United Arab Emirates. Wasabi Energy will receive a one-off licence fee based on the gross power output of the Kalina Cycle plant.

The Executive Chairman of Wasabi Energy, John Byrne, explained that "through our licensing agreements, Wasabi Energy receives one-off licence payments of between $50,000 and $150,000 per installed MW, depending on the licensor and the particular industry."

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