Biffa’s New Protos EfW Facility Achieves Financial Close

The UK’s leading sustainable waste management company, Biffa plc, has announced that it has reached financial close on the Protos Energy-from-Waste (‘EfW’) facility in Cheshire, alongside its joint venture partners, Covanta Holding Corporation (NYSE: CVA) and Macquarie’s Green Investment Group.

The facility is a significant addition to the UK’s waste management infrastructure, and is the second such facility for Biffa, following the commencement of construction at the Newhurst EfW facility in Leicestershire. It supports the Government’s drive to both reduce reliance on landfill and treat more non-recyclable waste at home, decreasing the UK’s dependence on export.

The facility will provide 400,000 tonnes of annual treatment capacity for non-recyclable household and Industrial & Commercial (I&C) waste and will also be capable of generating 49 megawatts of low carbon electricity, enough to power around 90,000 homes.

Making Waste Work

Like the Newhurst project before it, the Protos project consortium benefits from Biffa’s expertise and scale in waste management and control of significant feedstocks with Covanta’s development and operational experience in EfW. Covanta will supply operations and maintenance services whilst Biffa will provide the fuel for the facility with over 60% of the feedstock sourced from Biffa’s own operations, providing a vital outlet for non-recyclable waste.

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.

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