CONTOURGLOBAL: ADVANCING ENERGY EFFICIENCY IN DEVELOPING COUNTRIES
Regions: Eastern Europe and Sub-Saharan Africa
Challenge: A major beverage bottling company with operations around the world sought to improve energy efficiency.
Solution: New York-based ContourGlobal developed “quad-generation” plants that can substantially increase the efficiency of beverage bottling facilities by supplying them with power, heat, cooling, and carbon dioxide. Instead of emitting carbon dioxide into the air, the combined heat and power (CHP) units recover carbon, filtering and purifying it to the highest food-grade standard for use as beverage carbonation. OPIC provided a $104 million loan to ContourGlobal to fund the completion of CHP plants in 5 countries, including Nigeria and Ukraine. In addition to recovering carbon, CHP plants capture the heat emitted from its engine to provide additional energy to bottling plants. By capturing heat that would otherwise be wasted, the CHP plants significantly increase the efficiency of the bottling process, in addition to lowering carbon dioxide emissions.
Impact: With OPIC support, ContourGlobal has been able to construct 7 CHP plants that enable beverage companies to reduce carbon dioxide emissions by 40%, and recycle carbon for other uses, while decreasing energy consumption and costs. The energy efficiency of these CHP units are as high as 90 percent, compared to only 35 to 40 percent for traditional gas-fired simple cycle power plants that support bottling processes. ContourGlobal’s technologically advanced facilities are guaranteeing efficiency in economic, technical, and environmental terms.
Recently, ContourGlobal joined the long list of OPIC partners who have repaid their loans in full. By working with clients who repay their loans, OPIC is able to operate on a self-sustaining basis and consistently return money to the U.S. Treasury.
This project was profiled in 2017