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London Waste and Recycling Board will provide £1.9m towards TEG Group's proposed anaerobic digestion plant plant in Dagenham, which will be London's first AD plant.
TEG - which develops and operates organic composting and energy plants - intends to develop a 30,000 tonnes per annum AD plant together with a 20,000 tonnes per annum TEG silo cage in-vessel composting plant.
This technology mix means that the plant will divert up to 50,000 tonnes per annum of food and garden waste from landfill each year.
The cost of the plant and equipment is expected to be £10m with an additional £5m for freehold and infrastructure development.
The facility is to be located in the London Sustainable Industries Park in Dagenham, a site promoted by the London Thames Gateway Development Corporation for the development of AD infrastructure.
CEO Michael Fishwick said: "TEG is delighted that its proposed London development was selected for funding by the London Waste and Recycling Board and their support is very much welcomed.
"Recycling of food and green waste is becoming a national priority and with such a large population in London the local need for these facilities is pressing.
"TEG's plant will produce renewable energy and high quality fertiliser, maximising the potential benefit from the carbon in these waste streams."
Story provided by StockMarketWire.com
13/12/2010