Dive Summary:
- Viridor signs a 25 year contract to design, build, finance, and operate a 200,000 TPA recycling and WTE plant in Glasgow.
- Plant is expected to handle betwee 175,000-200,000 tons of waste per year. The plant is expected to divert 90% of waste from local landfills contributing to Scotland's Zero Waste goal
- Viridor is expected to make a $250 million investment in the plant which will be built by Interserve - a UK based construction company.
From the article:
Waste and recycling company, Viridor - a part of the Pennon Group (LSE: PNN) - has signed a 25 year contract with Glasgow City Council to Design, Build, Finance and Operate (DBFO) a 200,000 TPA recycling, AD and waste to energy gasification facility in the city.
The company said that the Glasgow City Residual Waste Treatment Services DBFO contract requires the recycling and treatment of Glasgow's residual municipal waste at the Council's own site in the south of the city.
The contract relates to 175,000 to 200,000 tonnes per year of waste and is designed to achieve around 90% landfill diversion.
According to Viridor the Centre will comprise advanced facilities for recycling, anaerobic digestion (AD) and energy recovery by gasification, and will make a major contribution on behalf of the City of Glasgow towards Scotland's ambitious Zero Waste Plan.
