Summit Energy provides broad-based knowledge about the global energy market, as well as a deep understanding of the trends and nuances of key national markets
Louisville, KY (PRWEB) October 8, 2009
Summit Energy Services, Inc., a leading privately held energy management firm, today announced a new client relationship with BioMCN, the largest second-generation biofuel producer in the world, based in Delfzijl, The Netherlands.
BioMCN, which produces high-quality bio-methanol from renewable resources on an industrial scale, has retained Summit Energy to represent BioMCN in the energy market, including facilitating the natural gas energy purchasing process and managing the financial modeling of critical material stocks such as glycerine, methanol and ethanol. The use of natural gas is an important pillar in BioMCN's production process as fuel gas. In order to ensure sustainability, the Company uses renewable feedstock exclusively derived from organic waste materials and residues other than those used for food consumption for the production of bio-methanol.
"Our ability to professionalize and rationalize the energy purchasing process will be an immediate benefit to BioMCN," said Henk Barentsen, managing director for Summit Energy in The Netherlands. "A key part of our work will be modeling how their important material stocks react to the price of highly volatile commodities such as natural gas and Brent crude prices."
"BioMCN believes that Summit Energy can add a lot of value to our business by providing us with important functions such as energy risk advisory, tender support and market intelligence," said Rob Voncken, CEO of BioMCN. "For a young company like BioMCN, we believe Summit can make the difference in helping us define and execute our strategy to purchase natural gas for optimal prices. Their professional approach, knowledge of the market and ability to quickly understand our needs were the deciding factors."
"Summit Energy provides broad-based knowledge about the global energy market, as well as a deep understanding of the trends and nuances of key national markets," said Stéphane Querinjean, managing director for Summit Energy in Europe. "Our role as a strategic partner is to provide our clients with the highest-quality financial and analytical insight, ask them the tough questions, and help them build a world-class energy management program."
Summit Energy is managing the new relationship out of its office in Willemstad, The Netherlands, which is part of Summit's European operations based in Belgium.
About Summit Energy
Summit Energy is a pioneering provider of energy management services for business and industry. Summit manages more than $20 billion in annualized global energy spend for thousands of facilities in industries ranging from aerospace and automotive to government, chemical, food manufacturing, pharmaceuticals, healthcare and others. Summit Energy helps clients across this broad spectrum plan and implement sustainability and energy management initiatives. Its growing staff of more than 300 energy professionals is headquartered in Louisville, Kentucky. Summit has additional offices in the U.S. as well as in Belgium, France, Mexico and The Netherlands. Summit serves clients with sites all over the globe. For more information, visit the Summit Energy Website
BioMCN has converted an existing methanol plant to run on bio-synthesis gas made from crude glycerin, classed a second-generation bio-fuel feedstock by the latest European Union Renewable Energy Directive. Second-generation bio-fuels, based on waste products, drastically reduce greenhouse gas emissions, do not compete with food production, and avoid loss of biodiversity while also reducing energy consumption. BioMCN is proving that such futuristic bio-fuels are already a reality.
BioMCN is located in Farmsum, The Netherlands, was found late 2006 and has around 90 highly motivated employees. For more information, visit the BioMCN Website.