A NEW "energy from waste" facility in Scotland is set to support 230 jobs in construction and operation after investment by Iona Capital.
Iona is investing in Binn Group’s 8.6MW plant at its Binn Eco Park near Perth, which will provide power to existing occupiers of the industrial park and export power to the National Grid.
Construction of the EFW plant, which received planning approval in December 2020, is scheduled to start later this year, with the start of commercial operations earmarked for 2024.
The new plant is intended to process 84,900 tonnes of residual wastes a year, using moving grate combustion technology.
The plant’s electricity and heat outputs, which can be hot water or steam, will be used within the eco park or further afield to support net zero targets.
READ MORE: Island stores get cash boost to help reduce plastic waste
Allan MacGregor, chief executive of Binn Group, said: “With the support of the Iona Capital team, the plant will be in operation in good time for meeting the ban on landfill of biodegradable municipal waste which comes into effect in 2025.”
Nick Ross, director at Iona Capital, said: “Binn Group are a strong local partner and the project delivers all of the necessary criteria that we typically seek: a proven technology, a secure fuel supply and a long-term offtake agreement.”
It is expected that up to 200 jobs could be created during the construction phase as well as around 30 full-time jobs when the plant is fully operational.
Moves are under way for a masterplan to support further expansion.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here