Stobart Wins Wood-Supply Deal at $260 Million U.K. Biomass Plant

(Bloomberg) — Stobart Group Ltd. won a contract to supply
waste wood to a 175 million-pound ($260 million) biomass plant
being built in Essex, northeast of London.

Under the 15-year contract with Tilbury Green Power Ltd.,
Stobart will supply 270,000 metric tons of waste wood a year to
the facility being built at Tilbury Port, it said in a statement
on its website. The project will have a 40-megawatt capacity,
which is enough to supply power to 70,000 homes.

Stobart is investing 7.5 million pounds in a processing
plant that will be built opposite the biomass power station.
Construction of the processing plant will start this year and
the fuel supply deal will commence in March 2017, it said in the

To contact the reporter on this story:
Louise Downing in London at

To contact the editors responsible for this story:
Reed Landberg at
Ana Monteiro, Amanda Jordan

About BloombergNEF

BloombergNEF (BNEF), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. We help corporate strategy, finance and policy professionals navigate change and generate opportunities.

Available online, on mobile and on the Terminal, BNEF is powered by Bloomberg’s global network of 19,000 employees in 176 locations, reporting 5,000 news stories a day.
Sign up for our free weekly newsletter →

Want to learn how we help our clients put it all together? Contact us