Protos ERF achieves financial close, construction begins
Covanta and GIG will each own 37.5% of the state-of-the-art energy-from-waste (EfW) facility, with Biffa, the primary waste supplier for the facility, owning the remaining 25%.
The facility will use proven technology to provide up to 400,000 tonnes of annual treatment capacity for non-recyclable waste, further enabling the UK to achieve self-sufficiency in managing waste and compliance with landfill diversion targets.
Located near Ellesmere Port, Cheshire, the Protos ERF will be built within Peel L&P Environmental’s Protos energy and resource hub, a site that combines innovative technologies and connects energy-intensive operations with low-carbon energy sources.
The facility will be capable of generating 49 MW, enough electricity to power around 90,000 homes.
“Today’s announcement marks our fourth EfW project in the UK with GIG and our second with Biffa, all within the last two years, and demonstrates our sustained progress in executing on our strategic plans to grow in this important market,” said Michael W. Ranger, president and CEO of Covanta.
Edward Northam, head of GIG in Europe, commented: “We are delighted to have reached this agreement on our fourth project with Covanta.
“This is another major step forward in our mutual goal to transform two million tonnes of residual waste a year into heat and power. In addition, the project has given us another opportunity to work closely with Biffa to reduce waste going to landfill.”
“We are pleased to have reached this important milestone together with our partners,” said Biffa’s chief executive, Michael Topham, “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 EfW infrastructure it needs to reduce its reliance on unnecessary export or landfill or valuable resources.”
Construction of the facility will be led by a joint venture between Mytilineos and Standardkessel Baumgarte.