« BackNews: Funding Secured For New Large Biogas Plant
A new biogas plant is set to be constructed in Wardley, Gateshead after funding of £17 million was secured to support the scheme. Read on to find out more.
A new biogas plant is set to be constructed in Wardley, Gateshead after Wardley Biogas received funding of £17 million to support the scheme.
Once it is operational it will recycle food waste from the North East and turn it into gas to be used in the region’s heat, power and transport sectors, Gas World reported.
BioConstruct GmbH, a biogas EPC contractor in the sector, is also supporting the Wardley Biogas project, and the funding secured has come from experienced backers.
The firm was assisted in its search for financial backing by a legal team from Ward Hadaway, who have extensive experience within the energy and biogas sector.
We could see more projects like this sourcing funding and being constructed across the UK if the predictions about the growth of the UK’s biomethane industry turn out to be correct.
According to a report in Renewable Energy Magazine, the UK’s biomethane industry is expected to see the number of operating plants grow by 50 per cent by 2020, attracting investment worth up to £400 million.
The news provider revealed that four gas distribution networks around the UK are coming together to help this predicted growth become a reality. Cadent, SGN, Northern Gas Networks and Wales & West Utilities manage the pipes that connect to the plants and have committed to supporting the biomethane industry’s growth.
Whatever size of biogas plant you’re working on, you need to ensure you have the best quality pressure vacuum relief valves and other components to keep it working efficiently and safely.