24 January 2023 Deals | Renewable Power
Energy from Waste Investment
Today we are proud to announce further investment and our joint venture partnership with Viridor, one of the UK’s largest recycling, renewable energy and waste management companies.
Growing our existing relationship, we will be coming together to invest in and deliver in the new Westfield Energy Recovery Facility (ERF) located in Fife, Scotland. The facility, currently under construction, is expected to be fully operational by May 2025.
When operational, the facility will treat 238,000 tonnes of waste a year, equivalent to the waste produced by c. 437,000 Scottish households. The facility will use the waste to generate reliable domestic power for c. 55,000 Scottish homes. The facility will also recycle metals and nearly 50,000 tonnes of aggregates, replacing quarried materials.
Alongside increased reuse and recycling, recovery of energy from waste is a critical technology to deliver Scotland’s end to the routine use of landfill and move waste up the hierarchy. It is integral to the Scottish Government’s ambitions to deliver a zero waste, circular economy which encourages waste reduction, boost recycling and recover valuable energy from what remains. Diverting waste from landfill avoids the production of methane – a potent greenhouse gas- and is key to helping reduce the climate impact of the waste produced in the Scottish economy.
The site’s strategic location offers the potential for further waste decarbonisation through exciting technologies such as carbon capture. The site is located near to the Scottish Carbon Capture Cluster which is expected to be developed this decade.
Equitix CEO, Hugh Crossley said: “We are pleased to be further enhancing our partnership with Viridor and together, contributing to the delivery of a zero waste, circular economy within Scotland via the Westfield Energy Recovery Facility in Fife.”
Viridor Group Business Development Director, Richard Belfield
commented; “This latest venture with Equitix builds on the already mature relationship and underlines Viridor’s commitment to support the end of landfill and waste exports in Scotland. This facility will further reduce carbon and environmental emissions whilst contributing to vital baseload power generation.”
We are delighted to be working with Viridor and Kevin Bradshaw CEO. Congratulations to all those involved in the Westfield transactions to date, particularly, Thomas Bayles, Theo Jennings, Rosemary Deeley, Vinh Christopher, Sarah Turner, Gregor Carfrae, Abhimanyu Verma and Rebecca Collins.