£18m green energy plant to open in North Yorkshire

Article Quick-Links

A sustainable energy plant that will turn tens of thousands of tons of food waste into gas and electricity has been launched in North Yorkshire by Iona Capital and JFS & Associates. The Leeming Biogas facility is one of the largest anaerobic digestion plants in the country to feed gas directly into the national grid. It works by breaking down food waste and capturing the natural biomethane it releases. The £18m investment will see food waste from local businesses including R&R Ice Cream converted into green energy rather than being sent to landfill. It will create 12 direct jobs and a further 14 indirect jobs.

Lord Kerslake, the former Head of the Home Civil Service and Chief Executive of Sheffield City Council, formally opened Leeming Biogas on 1 July alongside local dignitaries and sustainable energy specialists.

The plant will contribute towards the Government’s targets for reducing landfill and generating sustainable energy by 2020. It will consume up to 80,000 tonnes of waste every year, the equivalent weight of more than 6,500 double decker buses. It will generate enough gas and electricity to supply the equivalent energy requirements of nearly 4,000 homes a year. Nothing from the process is wasted as it also produces a nutrient-rich fertiliser that can be used to aid crop production on farms.

Mike Dunn of Iona Capital said: “This could not have been achieved without the support of some of the largest UK local authority pension funds, who remain committed to investing in environmental infrastructure projects that help our environment and create jobs. The plant has helped local businesses cut costs and boost their environmental credentials by partnering with us, and we look forward to exploring further opportunities to increase sustainable energy production in North Yorkshire.” Matt Flint of JFS & Associates added: “The development of this Anaerobic Digestion plant is the biggest project JFS & Associates has undertaken. Without the strong relationship that JFS and Iona Capital have forged over the last four years, this flagship project would not have been possible in North Yorkshire. The project is a real example of how renewable technology, local resources and businesses can collaborate with City investors to develop a sustainable and environmentally friendly commercial enterprise.“ Please visit MRM website for further coverage.

Share:

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on email
Email

Article Quick-Links

What Next?

for Investors

Are you an institutional investor looking for a new sustainable investment opportunity? Let us make the case for Iona — just click the link below to learn more about what drives our success.

for Developers

Do you have a sustainable technology that pushes innovation and helps our environment? If so, discover if your company fits in with our investment portfolio. Who knows, we could be working together before you know it.

On Key

Related Posts

Black Brook CHP

Deal Overview Stanley Renewable Energy was established in January 2013. The facility generates in excess of 2,000 MWh of electricity per annum which is used