UK port group aquires £230m for waste-to-energy plant : The UK port group PD Ports has secured a £230 million investment to construct a Tees Valley waste-to-energy plant.
Teesport owner and operator has signed an agreement with environmental consulting company Wentworth Clean Power Limited (WCP) in order to bring the new project to the South of Teesport Commerce Park.
The plant will convert 300,000 tonnes of feedstock & have an electrical volume of 30MW, which is sufficient to up to 27,000 residences.
The Teesport Renewable Energy Centre is also forecast to generate about 300 new jobs & is expected to be operational in the second half of 2024
James Ramsbotham, Chief Executive of the North East Chamber of Commerce, stated, “This announcement is such welcome news on many levels. Attracting such investment at this time of global crisis is a testament to the strength of the region and these jobs are so important to our community.
“Our collective commitment towards net zero remains a top priority and this project will bring us closer to delivering a more sustainable and greener economy for the future.”
UK port group aquires £230m for waste-to-energy plant