Stobart secure £75m biomass contract
Stobart Group have secured a contract to supply fuel to the Evermore Renewable Energy Plant to be constructed in Northern Ireland.
The wood fuelled heat and power station to be constructed in Derry/Londonderry, has attracted £80m funding, principally from the UK Waste Resources & Energy Fund.
Stobart will provide the plant with over 115,000 tonnes of recycled wood a year and is contracted to supply fuel for 15 years.
Andrew Tinkler, CEO said “Stobart Biomass is seeing increased demand for its range of products across the UK and is pleased to support Evermore with this key development in Derry/Londonderry.
“Stobart Biomass has an extensive pipeline of opportunities. We look forward to helping plant developers and funders to bring those opportunities to fruition and growing our Biomass business.”
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Business success starts with people investment
It's time to confront the digital poverty crisis
Why a business exit is no longer all or nothing
Culture is the foundation for sustainable growth
Business must help young people take root in work
Purposeful procurement for long-term growth
Time to rethink outdated views on apprenticeships
The scale-ups rocketing through our fast world
Care about the experience, not just the outcome
The rise of an alternative investor model
Bots don't beat personal business coaching
From COVID-19 to the Middle East crisis