The first advanced biorefinery in Europe will be built in the Tees Valley at a cost of £52M, it has been announced.
Biofuel company Ineos Bio will base the plant, which converts municipal waste into bioethanol and clean electricity, at its Seal Sands site. Subject to final agreement, the project is expected to create 40 permanent jobs and 350 posts during construction, which should be completed by 2012.
Development agency One North East and the Department for Energy and Climate Change have offered a £7.3M grant towards the development’s cost, Ineos Bio confirmed.
The plant will be able to produce about 30M.l of ethanol from municipal waste each year, the electricity needs of about 6,000 households and annual biofuel requirements of about 250,000 vehicles.
Ineos Bio chief executive Peter Williams said: “Using our technology, the waste that is collected from homes and offices and otherwise thrown away can be recycled into clean biofuel for cars and renewable electricity for homes and industry.”