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20/06/2016

£23m Anaerobic Plant To Be Developed In Co Antrim

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.

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The total cost of the project is £23.3million of which Invest Northern Ireland is providing a repayable £7.4million loan at a commercial based interest rate, and £1.3million 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)

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