Wed, 20 Nov 2019 | 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.”
Long-established niche steel profilers based in their own 17,700 sq. ft factory unit in the West Midlands.
Based in Southern England, this is a retirement sale of a long established company with a quality reputation and international customer base.
Offered as a fully relocatable opportunity. Our clients are selling the business to facilitate potential retirement plans. Excellent industry reputation. Offers invited.
Auto Trader has completed the acquisition of new vehicle lea...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources