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.”
A leading engineering firm focusing on electric power steering solutions and bespoke wiring harnesses serving various industries. It operates as two entities both reputable for maintaining high standards and offering bespoke solutions for clients. In...
Esteemed independent engineering consultancy, specialising in the safety, design and efficiency of pressure systems, through compliance, testing and inspection programs.
An established electrical engineering firm in the Midlands is now available, presenting a unique investment opportunity with a proven track record.
02
|
May
|
Scottish law firms WJM and Davidson Chalmers Stewart merge | MERGER
Scottish law firms Wright, Johnston & Mackenzie LLP (WJM) an...
01
|
May
|
Cybersecurity firm Brigantia bought by European peer | BUSINESS SALE
North Yorkshire cybersecurity distributor Brigantia Partners...
01
|
May
|
Historic pottery company Moorcroft goes out of business | ADMINISTRATION
The directors of 128-year-old Moorcroft Pottery have announc...
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
We can help you capitalise on insolvent businesses. We list UK businesses in administration, liquidation and with winding up petitions daily. Ensuring our members never miss out on an opportunity
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.