BSR
BSR
  • Home
  • Distressed Businesses
    • All Distressed Businessess
    • Administrations
    • Liquidations
    • Winding Up
    • Insolvency Advice  New
  • Buy a Business
    • All Businesses for Sale
    • Find a Business for Sale
    • Raising Business Finance
    • Buyer Acquisition Service   New
    • Escrow Service   New
  • Sell a Business
    • Sell Your Business
    • Seller Accounts
    • Need Help Selling?
    • Help With Finance New
    • Business Valuation
    • Business Wanted Adverts
  • Insights & News
    • View All News
    • View All Insights
  • Off-market
    • Source deals
  • Log In
  • Join Now
Join now
11111111

Home / News / Swindon waste-to-gas plant construction to resume after administration

Swindon waste-to-gas plant construction to resume after administration

Wed, 20 Nov 2019 | ADMINISTRATION

Swindon waste-to-gas plant construction to resume after administration

An unfinished waste-to-gas facility in Swindon has secured £10 million in funding, allowing construction to restart after the previous operators went into administration.

The new funding has been provided by engineering services company Advanced Biofuel Solutions, supported by the Department for Transport and gas distribution network Cadent. Advanced Biofuel Solutions hopes to bring the plant into service during the second half of 2020.

The plant will take in household waste from the surrounding area and process it into natural gas and carbon dioxide, which will then be “injected and the carbon dioxide liquified to be used in the travel industry”.

The companies initially involved in the plant were the National Grid, energy from waste firm Advanced Plasma Power (APP) and energy development company Progressive Energy. These three set up Go Green Fuels to deliver the plant, with construction beginning in 2017. However, rising costs saw that company go into administration in 2018, with the project suspended for the next 14 months.

Andy Cornell, chief executive officer of Advanced Biofuel Solutions, said: “The project team is delighted to resume work; remobilisation is well under way with the plant expected to be complete by the end of Q1 2020. ABSL’s expertise will ensure that the project is delivered on time and on budget.”

Lorna Millington, future networks manager, at Cadent added: “We are pleased that this plant will be completed and bring another source of low carbon energy onto the gas grid for customers. With the completion of the plant, it will demonstrate how gas emissions are being reduced and how BIO SNG renewable gas can help us on the pathway to zero emissions.”


Share this article



Latest Businesses for Sale

Engineering Business
UK Wide

The offered company provides a broad range of metal finishing from its dual facilities in Ireland.

Asking Price: Offers Invited
Turnover: £5m+

Precision Engineering Company
North West, UK

Turnover of over £778k. EBITDA of circa £260k in the same year. Offers high-quality precision engineering services using the latest technology and equipment. Provides CNC milling and turning and EDM wire erosion. Certified to BS EN ISO 9001:2015 sta...

Asking Price: Offers Invited
Turnover: £778,000

LEASEHOLD


HVAC Engineering Specialist
South of England, UK

This company offers a comprehensive range of design, installation, and maintenance services for clients throughout Southern England; it is now on the market.

Asking Price: Offers Invited
Turnover: £3m - £4m

FREEHOLD



View more businesses for sale

News Search

Latest News

 
27
 
Jan
 

Administrators to sell assets as office furniture maker collapses | ADMINISTRATION

Bluespot Furniture, a West Yorkshire-based furniture manufac...

 
26
 
Jan
 

UK M&A down 16 per cent in 2022, but sentiment remains optimistic | BUSINESS NEWS

New analysis from PwC has revealed that UK M&A activity decl...

 
26
 
Jan
 

Private equity-backed law firm targeting further M&A in 2023 | BUSINESS NEWS

Stowe Family Law, a Leeds-headquartered specialist family la...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news

logo
Our Services Distressed Businesses
  • Businesses for Sale
  • Distressed Companies
  • List a Business
  • Help with Finance
  • Buyer Acquisition Service
  • Small Businesses for Sale
Company Buy a Business
  • About BSR
  • Insights
  • News
  • FAQs
  • Reviews
Get In Touch
020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm
About BSR
Business Sale Report is the UK's leading
independent business for sale & distressed business listing service.
Established in 1995, BSR offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.
Subscribe

Subscribe to our newsletter to receive news about the latest businesses for sale.

  • Terms
  • Privacy
  • linkedin
  • facebook
  • twitter
© 1995-2023. Business Sale Report Ltd. All rights reserved. www.business-sale.com.