A £21 million organic waste facility being constructed at Dagenham Dock will help London become a European frontrunner for recycling, according to the chief executive of the firm behind the scheme.
Mick Fishwick, chief executive of TEG Group said the development - which will include central London’s first anaerobic digestion plant - was a groundbreaking project at Barking & Dagenham‘s 60-acre Sustainable Industries Park.
“We are delighted to have secured funding for our first major project in the South East, which is set to become a flagship operation for TEG and which will make a significant contribution to London becoming a model European city for recycling,” he said.
“Our first co-located anaerobic digestion and in-vessel composting plant became operational in Perthshire last year and is testimony to our confidence in the benefits of co-located organic waste technologies.“
The facility will be capable of procesing 49,000 tonnes of food and green waste a year through anaerobic digestion and in-vessel composting, in the process it will produce natural organic fertiliser for use on the land and energy from waste to be fed into the National Grid.
It is expected to go into service in early 2014.
The scheme has been enabled through the commitment of £11 million in Forsight Group funding into a special purpose vehicle called TEG Biogas (London) to allow for the construction and operation of the new plant.
The Foresight Environmental Fund led the project with a £9 million investment, cornerstoned by the London Green Fund, which was launched by London Mayor Boris Johnson in 20011.
Further finance comes from Foresight's UK Waste Resources and Energy Investments Fund, Quercus Assets Selection, and the London Waste and Recycling Board.
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