President, CEO And Director Interview: Global Energy, Inc.(GEYI.OB) - Asi Shalgi
November 1, 2010 - The Wall Street Transcript has just published Oil & Gas Production & Distribution Report offering a timely review of the sector. This Special Report contains expert industry commentary through in-depth interviews with public company CEOs, Equity Analysts and Money Managers. Please find an excerpt below.
Asi Shalgi has served as President, CEO and Director of Global Energy, Inc., since April 2007. Mr. Shalgi has more than 20 years of experience in both the private and public sectors. He has served as General Manager and Director for industrial and agriculture companies with significant export activities. Mr. Shalgi was Israel's Director General of the Ministry of Energy and Infrastructure. During that term he was involved in the peace treaty negotiation with Jordan on the energy annex, as well as negotiations with the Palestinian Authority on the energy agreement.
He was responsible for the legislation of a new electricity law in Israel that allows the involvement of independent power producers and the implementation of the Public Utility Authority that regulates the energy sector and prices in Israel. Mr. Shalgi also established the framework of the discussions with Egypt on gas supply between the countries and set up the framework for the National Gas Company. He has been involved in the power and water sector, mainly in developing and financing IPP projects. He developed and had financial closings for several projects overseas with foreign partners. In this capacity he was responsible as a Team Development Leader for power, water and transmission projects from the initial design concept through the technical and legal negotiation process. Mr. Shalgi holds an engineering degree from Tel-Aviv University.
TWST: Please start with a short introduction to Global Energy.
Mr. Shalgi: Global Energy (GEYI) is a company introducing a new technology named KDV, which is the German acronym for catalytic depolymerization. It was developed in Germany by Dr. Christian Koch in order to convert any kind of hydrocarbon waste into high-quality diesel fuel. When we say hydrocarbon, we mean any kind of biomass, agricultural waste, food waste, plastic, paper, wood, rubber, textile, leather, animal flesh, essentially anything containing hydrogen and carbon. We can convert any of these materials into diesel fuel, which, because it is a 100% substitute for traditional diesel, can be utilized without restrictions in all current diesel applications, such as transportation, heating and power generation. We believe that the KDV technology has several operating advantages over traditional diesel, such as very low temperature and very minor emissions. We believe it is a game-changing technology for the energy sector, which by being independent from traditional energy sources, may even cause some degree of geopolitical change in the near future.
TWST: Would you explain for our readers KDV technology and the process itself?
Mr. Shalgi: Although the process looks complicated, it is relatively simple. Catalytic depolymerization is basically the way that Mother Nature about billion years ago converted all the algae and other green materials into oil over the course of about 300 million years. The difference is that the KDV technology only takes literally a few seconds at very low temperature using the same materials, combined with a customized catalyst comprised of sodium, alumina and silica in a proprietary reactor, to break down long chains of organic molecules and re-assemble them into distillate, which is identical to the diesel fuel that we refine from crude oil.
TWST: What are the synthetic diesel metrics you've achieved thus far?
Mr. Shalgi: A small KDV in Germany produced diesel fuel which is identical to the diesel fuel produced from crude oil. It has an identical or lower combustion temperature; it has an identical cetane number. It literally has higher density, so the diesel itself is a little heavier, which means it actually contains more calorific value per volume. Therefore as a transportation fuel, it provides greater mileage per gallon consumed, and at the same time fewer toxins because of the lower combustion temperature, which is good for the environment. While some feedstocks may have higher sulfur content, this issue is easily remedied using existing technology. The bottom line is we expect to comply with all of the U.S. and European standards pertaining to the use of diesel fuel for on-road transportation purposes.
TWST: How will this be translated to a larger system on a commercial scale?
Mr. Shalgi: We are currently running tests using a KDV production unit, which is designed to convert approximately 1.5-2 tons of organic waste materials into 145-150 gallons each hour [ 24 hrs.= ~50 tons waste/3600 gallons diesel! ]. So during a year, one unit will produce just over one million gallons of diesel fuel. A community of let's say 200,000 people in United States produces something like 400 tons of waste per day, which is enough feedstock to produce approximately 20 million gallons of diesel per year. Rather than land filling this waste, the community now has a source of locally produced energy, which is enough to power significant percentage of its electricity and transportation fuel requirements.
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