Trinity Organics has received £14 million (€15.9 million) from Dutch green energy investment company Perpetual Next to develop a biogas plant.
Work is now underway to build the anaerobic digestion (AD) facility on a three-acre brownfield site in Ellesmere Port, UK. The plant, expected to be operational by the summer, will operate ‘around-the-clock’ to digest 36,000 tonnes of organic waste annually and convert it into biogas to supply the National Grid.
The plant will produce enough biomethane to provide 41.5 million kWh of gas per year, which is enough to power 3,500 average-sized four-bedroom detached houses.
Mark Schofield of Trinity Organics was advised by Taylors Solicitors, led by corporate partner Matthew Catterall.
“We are delighted to have advised Trinity Organics and Mark Schofield on the successful investment by Primco (Perpetual Next’s subsidiary), which will bring Mark’s vision to fruition,” said Catterall.
“We hope this is the start of a productive partnership, and that Mark and Primco can deliver additional operations throughout the UK to support the country’s growing green energy market.
“This deal demonstrates that, despite Brexit and much uncertainty in the market, the UK remains very attractive for international investment, including from the EU and especially in the green energy sector, in which we are seeing a significant increase in activity and requests from clients to advise upon.”
“Having spent a number of years working to deliver this project, I am delighted to have completed this transaction with Primco that will allow my vision to become a reality,” said Mark Schofield of Trinity Organics.
“I am excited to work with Primco to deliver not just this project but also other renewable energy schemes.
“Matthew and his team at Taylors have provided sound commercial advice to bring the deal to a successful conclusion, and I am extremely grateful for their support and advice.”
Rene Buwalda, chief executive of Primco, added: “We are delighted to have completed our investment into Trinity Organics, which fits perfectly with our strategy and creates the opportunity to step into the UK market. We are very excited to see what Mark and his team can deliver in this project and beyond.”