High-test turkey

An investment banker talks turkey about a new power plant in the U.S. that will soon use bird poo to warm 55,000 homes in the U.S.:

“Poultry litter is drier material, so it burns better, and there’s a lot of it,” said Charles Grecco, of HH Media, LLC, an investment bank that helped arrange $202 million in financing for the plant.

The 55-megawatt plant will burn 700,000 tons of dung a year and produce fertilizer as a by-product, a process that will keep phosphorus and nitrates found in the raw litter from seeping into water supplies, said Grecco.

No extra amounts of the greenhouse gas carbon dioxide would be emitted than would be naturally emitted as the dung decomposes, said Grecco.

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