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Green Investment Bank mulling £50m anaerobic digestion investment
June 11, 2013
Green Investment Bank mulling £50m anaerobic digestion investment
The Green Investment Bank (GIB) has said anaerobic digestion (AD) projects are “at the heart” of waste investment strategy, revealing that it is currently considering direct investment of up to £50m in the sector.
The news comes in a report the government-owned institution published yesterday assessing the investment potential of the UK’s AD sector, which currently amounts to around 106MW of capacity in operation or under construction, with a further 148MW in the latter stages of planning.
The UK’s AD plants process over five million tonnes of food and farm waste each year, generating electricity, biogas, and a nutrient rich fertilizer known as digestate. AD has been hailed as a sustainable way of dealing with food and agricultural waste and according to the industry the technology is capable of meeting 10 percent of the UK’s gas domestic demand, while contributing up to £3bn to the economy and creating 35,000 jobs.
Read more at BusinessGreen.
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