Paris Moayedi’s business comeback is set to take another step forward when the former Jarvis man launches a renewable energy system at the end of this month.
Moayedi, the former Jarvis chairman and chief executive, claims that the Gasplasma system will transform the renewable energy industry and end the need to incinerate or bury household waste. The system converts organic matter into a flammable gas, and transforms inorganic matter into a solid that can be used as an aggregate. The energy produced by the gas can be used in district combined heat and power systems.
Moayedi set up a company called Advanced Plasma Power (APP) last November to commercialise the invention. He acquired the patent for Gasplasma when he bought a company called Tectronic shortly after his departure from Jarvis in 2003.
When Moayedi took over Tectronic it was a leader in “plasma arc” technology, which treats both liquid and solid waste, and is claimed to turn municipal waste into “green coal”.
Moayedi brought in Andrew Hamilton, the former new business director at Jarvis, to head APP.
APP will design, build, finance and operate the system. It as near as possible to a zero-waste solution to household refuse
Hamilton said the Gasplasm a technology was as near as possible to a zero-waste solution to household refuse.
He said: “APP will design, build, finance and operate the system. It produces a hydrogen-rich gas that can be used on the landfill sites and is therefore very clean.”
- Jarvis reported to the stock exchange last week that it had reached agreement in principle for the sale of its Prismo road markings business for about £9.5m.