Copenhagen Infrastructure Partners (CIP), a fund management company focused on energy infrastructure, and FCC Environment, one of the U.K.'s leading recycling and waste management companies, will build a 60-megawatt (MW) energy-from-waste (EfW) plant in northwest England, the companies announced Tuesday.
"The £480 million [$633.57 million] Lostock Sustainable Energy Plant project has been given the green light for construction by owners CIP (60 percent) and FCC Environment (40 percent) after the project reached financial close today, March 26, 2019," a joint press release read.
According to the statement, located in Lostock, the plant will process 600,000 tonnes of waste per year, becoming one of the U.K.'s and Europe's largest EfW plants once it commences operations in the end of second quarter of 2023.
The plant is expected to power roughly 110,000 homes, offsetting more than 200,000 tonnes of carbon dioxide per year, and contributing to the U.K. government's strategy to reduce landfill and export of waste.
FCC Environment will be responsible for operating the plant as operations and maintenance, and fuel supplier and will source and deliver the waste to be processed at the plant.
The EfW plant will be built on the land of Tata Chemicals Europe (TCE). "The plant will through site upgrades and mutual offtake agreements for steam and sodium bicarbonate deliver significant new infrastructure for TCE’s soda ash plant and wider Lostock site and thereby underpin TCE operations and jobs for the long term," the statement added.
By Hale Turkes