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Alliance & Leicester to arrange finance for planned £100m recycling plant

Finance for a planned £100 million Merseyside waste treatment and power generation plant will be arranged by Alliance & Leicester Commercial Bank (A&LCB). The Hooton Park plant is at the planning consent stage and if approved will be built, owned and operated by Biossence, with completion expected in 2009. When finished, the plant will process 400,000 of municipal waste a year and will use a range of technologies including autoclaving and electricity generation. The site is near the Manchester Ship Canal, which means that the majority of waste can be moved by barge. A&LCB said that the plant could potentially handle up to 270,000 tonnes of waste from the Merseyside Waste Disposal Authority (MWDA). Although no agreement has been negotiated to date, the plants sponsors want to secure waste supply contracts from regional waste authorities. Commenting on the deal A&LCB head of infrastructure Ian Lawrence said: The facility will create about 100 jobs in the area and go some way to meeting EU and UK regulations that set strict targets for landfill diversion, with high fines for non-compliance. As well as the input benefits of a plant such as this one less waste going to landfill there are also significant output benefits. The plant will generate in the region of 20MW of renewable electricity.

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