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Tonnes of cash is transferred across China in trucks to the city of Yancheng before it is turned into power
Money to burn! China finds new way of generating electricity by cremating truckloads of banknotes worth billions...
A shocking report on The People's Daily online, has revealed that Yancheng City in Jiangsu Province in east China is keeping its lights on at night using the power generated through burning truckloads of damaged banknotes.
According to the report, this year alone over 1,800 tonnes of money with a value of almost 180 billion yuan (£18 billion) has been incinerated to generate electricity in the city.
The money burnt is the old 100 Yuan (£10) red banknotes that are now being replaced nationwide with a new design.
Every month the Biomass Power Co. incinerator turns about 30 tonnes of money mixed with straw into power. The money is measured by weight, not by face value. Before it is sent to the incinerator it is shredded and bundled up into small balls.
Fuel engineer, Zhu Hongwei said; "Each truck can carry 30 tonnes of shredded currency, the original value of which is worth three billion yuan (£307 million) we transport five trucks a month."
According to the report, one truck of burnt currency can generate 30,000 kilowatt hours.
Considering the average household in the city uses 100-kilowatt hours per month, this means the output of one truckload can supply one home with power for 25 years.
Compared to other biomass fuels like sawdust, these banknotes have a high caloric value (a weightless gas that passes in and out of pores in solids and liquids) and a low water content, which is suitable for biomass power generation.
Not only is the money turned into power, the remaining ash is made into bricks which ensures sustainable and harmless disposal. Literally building houses with money-made walls.
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