Biffa completes financial close on Cheshire EfW facility
Biffa yesterday (1 December) announced that it has completed financial close on the Protos Energy-from-Waste (EfW) facility in Cheshire, with its partners Covanta and Macquarie Group.
Located near Ellesmere Port, the Protos facility will have a capacity of 400,000 tonnes per annum (tpa) for non-recyclable household and industrial and commercial waste. Of this, Biffa will be contracted to supply 61 per cent – or 245,000 tpa.
Construction of the facility, which will cost between £345-£355 million, will be led by Mytilineos and Standardkessel Baumgarte. Biffa’s financial commitment to the project will total around £35 million, which will be invested over the coming three years from existing facilities.
Michael Topham, Biffa’s Chief Executive, commented: “We are pleased to have reached this important milestone together with our partners and to be taking another step towards improving the UK’s waste infrastructure and creating a low-carbon and resource-efficient economy.
“This project demonstrates our commitment to helping the UK to build the recycling and energy from waste infrastructure it needs to reduce its reliance on unnecessary export or landfill of valuable resources.”