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PD Ports secures £230M investment for Teesside

PD Ports has entered into a deal with Wentworth Clean Power Limited (WCP) to bring a £230M waste-to-energy project to Teesside.

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PD Ports secures £230M investment for Teesside

WCP, developers of advanced waste-to-energy projects in the UK, together with its partners, will develop, finance and deliver the project on Dockside Road, to the south of Teesport Commerce Park.

 

The advanced project, which will be named the Teesport Renewable Energy Centre, will sit on a 9-acre footprint and create between 250-300 full time jobs during construction, with a further 40 permanent jobs created when the plant becomes operational – which is expected to be in the second half of 2024.

 

The sustainable plant will utilise a variety of waste streams, characterised by rigorous environmental credentials, and employ proven technologies from first-class providers. PD Ports, owner and operator of Teesport, said this will position the Tees Valley at the forefront of the clean energy sector.

 

Michael McConnell, PD Ports property director, said, “We are delighted to have signed this agreement to bring such a large and important investment to the Tees Valley and look forward to working with WCP and its partners to progress the project and bring the waste-to-energy plant to fruition.

 

“This huge private investment from outside of the UK further demonstrates our trusted and proven track record when it comes to delivering large-scale projects, investments and real jobs to the region, whilst reinforcing our commitment to environmentally sustainable practices.”

 

Once complete, the plant will have an annual capacity of 300,000t of feedstock and deliver an electrical output of 30 MW.

WCP, developers of advanced waste-to-energy projects in the UK, together with its partners, will develop, finance and deliver the project on Dockside Road, to the south of Teesport Commerce Park.

 

The advanced project, which will be named the Teesport Renewable Energy Centre, will sit on a 9-acre footprint and create between 250-300 full time jobs during construction, with a further 40 permanent jobs created when the plant becomes operational – which is expected to be in the second half of 2024.

 

The sustainable plant will utilise a variety of waste streams, characterised by rigorous environmental credentials, and employ proven technologies from first-class providers. PD Ports, owner and operator of Teesport, said this will position the Tees Valley at the forefront of the clean energy sector.

 

Michael McConnell, PD Ports property director, said, “We are delighted to have signed this agreement to bring such a large and important investment to the Tees Valley and look forward to working with WCP and its partners to progress the project and bring the waste-to-energy plant to fruition.

 

“This huge private investment from outside of the UK further demonstrates our trusted and proven track record when it comes to delivering large-scale projects, investments and real jobs to the region, whilst reinforcing our commitment to environmentally sustainable practices.”

 

Once complete, the plant will have an annual capacity of 300,000t of feedstock and deliver an electrical output of 30 MW.

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