A £111 million ($165 million) recycling and waste plant at Forth near Lanark, Scotland has received an equity investment from the UK’s Green Investment Bank (GIB), Foresight and Zouk Capital.
A first for the UK, the plant (site pictured) will use fluidised bed gasification technology and Refuse Derived Fuel (RDF). The 12.5 MWe energy from waste (EfW) plant and adjacent Materials Recycling Facility (MRF) is due to become operational in January 2017, with the complete plant set to commence operations in June of that year.
The project will recycle over a million tonnes of materials over its 25-year lifetime and will generate the heat required by the MRF on-site. Electricity will be supplied to the national grid.
Developers Levenseat Renewable Energy Ltd have appointed M+W Group as the EPC contractor for the project.
GIB’s £28.25 million ($50 million) investment was made via UK Waste & Resource & Energy Investments (UKWREI), the Foresight-managed fund, in which GIB is a cornerstone investor. The project is also backed by an equity investment from Levenseat Limited and senior debt from Investec Bank plc.