A Beginner’s Guide to the Project Development Process
Author: Paul Janzé
An editted version of this article appeared in the November / December 2011 issue of Bioenergy Insight magazine, under the title “Building a Biomass Plant”. http://bioenergy-news.com/
You have a good idea for a new way to manufacture a product. Or, your friend has spotted a market opportunity. All you have to do is build a plant and start producing. “Build it and they will come.” Sounds simple. How can you miss?
Easily, I must say. The days are long gone when developing a project was as simple as pitching an idea to a bank, getting some cash, building a plant and selling your product.
With the current emphasis on producing `green energy’ from biomass and the subsequent government grants and subsidies available to promote the idea, a lot of well-meaning but inexperienced entrepreneurs are promoting the construction of plants that will process biomass into one form or another.
There are some basic steps that all projects go through, from concept to start-up, whether the `builder’ is new to the process or whether it is a company with a well formulated plan for development. Following is a brief description of the project development process. Continue reading →