The waste will be delivered to the bio-refinery facility that BioGold plans to build in Harvey County. BioGold is negotiating a contract with ICM to design and build the facility, which will be located in the county’s existing closed landfill.
BioGold will get $35 per ton of waste it receives for processing from Harvey County, which is currently estimated at 33,500 tons per year.
In addition, BioGold can bring in additional waste from neighboring counties. The agreement is for a 30-year term with options for four additional 10-year extensions. The agreement also includes a lease for approximately 32 acres of land, the county’s existing transfer station, and 11 pieces of the county’s waste processing and hauling equipment and vehicles for $1 per year.
After five years, BioGold will annually pay Harvey County 5% of its net profits from the sale of products made on site to the county. BioGold plans to sell engineered fuel cubes, synthetic diesel fuel and organic chemicals that will be made from the processed waste.
