Park Royal Partnership (PRP), a not for profit company, wants to use the Arrowbio process, developed in Israel, to treat commercial waste and turn it into biogas, soil conditioner, biodiesel and water.
PRP has been working on the proposal for a year and took it to Ealing Council four months ago. The proposed plant would have the capacity to process 100,000 tonnes of mixed waste using hydro-mechanical separation, anaerobic digestion and pyrolysis.
Discussing the schemes progress PRP consultant Kim Milnes said: The project has had support from planners and weve got 80% of the financial support we need. Now, we need speculative investment of 20%, which is about £4.5 million.
The indication weve had is that planning permission would be given and we are doing a scoping study to assess the environmental impact.
If we get all the financial backing in place soon, we hope to get planning permission by Christmas.
An Arrowbio plant has been operational in Israel for more than eight years. It services the Tel Aviv area processing 35,000 tonnes of waste a year. Also in Sydney, Australia, a similar plant is being built, which should be in use by the end of the year.
Scheme promoters said other benefits of the system include a reduction in waste road miles, because all waste can go to one point, as well as an estimated 80% reduction in commercial and industrial waste going into landfill.