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20/06/2016
£23m Anaerobic Plant To Be Built In Ballymena
A £23 million Anaerobic Digestion plant is to be developed at Tully Quarry in Ballymena, Co Antrim.
The Tully Centralised Anaerobic Digestion Plant is being led by Stream BioEnergy Ltd and built by Xergi.
BSG Ltd will use a new nitrogen stripping technology to allow the plant to use up to 100% poultry litter and will be one of the first Anaerobic Digestion plants in the world able to do so. The plant will process 40,000 tonnes of NI poultry litter each year to produce biogas, generate 3MW of renewable electricity and produce a high quality organic fertiliser.
The total cost of the project is £23.3m of which Invest Northern Ireland is providing a repayable £7.4m loan at a commercial based interest rate, and £1.3m equity under the Sustainable Utilisation of Poultry Litter (SUPL) Scheme.
The balance of project funding has been provided by a Foresight-managed fund Recycling and Waste LP, in which the UK Green Investment Bank is a cornerstone investor, as well as Xergi Limited.
(CD/LM)
The Tully Centralised Anaerobic Digestion Plant is being led by Stream BioEnergy Ltd and built by Xergi.
BSG Ltd will use a new nitrogen stripping technology to allow the plant to use up to 100% poultry litter and will be one of the first Anaerobic Digestion plants in the world able to do so. The plant will process 40,000 tonnes of NI poultry litter each year to produce biogas, generate 3MW of renewable electricity and produce a high quality organic fertiliser.
The total cost of the project is £23.3m of which Invest Northern Ireland is providing a repayable £7.4m loan at a commercial based interest rate, and £1.3m equity under the Sustainable Utilisation of Poultry Litter (SUPL) Scheme.
The balance of project funding has been provided by a Foresight-managed fund Recycling and Waste LP, in which the UK Green Investment Bank is a cornerstone investor, as well as Xergi Limited.
(CD/LM)
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Northern Ireland WeatherThis Evening and Tonight:Rain clearing away east by early evening with some clear spells but a few showers likely to affect the North coast and other areas towards dawn, remaining breezy and mild overnight. Minimum temperature 9 °C.
