Protos Energy Recovery Facility achieves financial close

Covanta Holding Corporation, Green Investment Group Limited (GIG) and Biffa plc have secured the financial close and the commencement of construction on the Protos Energy Recovery Facility (Protos ERF) in Cheshire, England. Covanta and GIG will each own 37.5 percent of the state-of-the-art Energy-from-Waste (EfW) facility, with Biffa, the primary waste supplier for the facility, owning the remaining 25 percent of the project.

The facility will use proven technology to provide up to 400,000 tonnes of annual treatment capacity for non-recyclable waste, further enabling the UK to achieve national self-sufficiency in managing waste and compliance with landfill diversion targets.

Located near Ellesmere Port in Cheshire, the Protos ERF will be built within Peel L&P Environmental's Protos energy and resource hub, a site that clusters together innovative technologies and connects energy-intensive operations with sources of low-carbon energy. The facility will be capable of generating 49 megawatts, enough low-carbon electricity to power around 90,000 homes.

Construction of the facility will be led by a joint venture between Mytilineos S.A. and Standardkessel Baumgarte GmbH.