£10.5m Invested In Two AD Plants In NI
Recycling and Waste LP (RAW) Fund, in which UK Green Investment Bank (GIN) is an investor, put in £8.7m in a 3 MW AD plant near Ballymena with co-investment of £4.4m from Foresight AD EIS Fund, £8.7m from Invest Northern Ireland and £1.5m from Xergi.
Xergi has been awarded the engineering, procurement and construction (EPC) and operations and maintenance (O&M) contracts for the project.
The Ballymena project is being developed by Stream BioEnergy Limited.
Economy Minister Simon Hamilton, said: "This project has been developed as a result of support under the SUPL SBRI Project and the SUPL Loan Scheme. It is an outstanding example of public sector and private investors coming together to support a new technology for sustainable agriculture and to grow our economy. In addition to helping the local poultry sector to grow, the plant will create up to 100 jobs during the construction phase with a further 11 new jobs available when the plant becomes operational in 2017."
Posted date : 28-06-2016
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