Renewable energy firm New Earth Energy, and Biossence, the UK division of environmental investors, have combined forces to create a new venture Mersey Green Solution.
Funded through individual investors the venture hopes to develop, finance and operate an infrastructure to treat, and recover energy from, a range of municipal and commercial wastes.
The first project will be based near the Wirral and use gasification and pyrolysis technology to create energy-from-waste. The second project will be based in Widnes.
Planning consent is being sought for a composting, biological treatment and solid recovered fuel preparation facility to handle 200,000 tonnes of organic and residual waste per annum.
Construction at the site will start later this year, subject to securing consents, and the facility will mirror those already operated by New Earth Solutions in Dorset and Kent.
New Earth Energy business manager Chris Cox said: Were looking to decouple the development of waste and renewable energy infrastructure from local authority procurement and bank lending.
This will give us an exciting head-start in the market place so that we can have merchant facilities up and running to receive waste from the private and public sectors next year. Our phased development will allow debt and financial gearing of the projects to be introduced later, once the facilities are established.
Image: New Earth Solutions biological treatment facility at Blaise Farm Quarry in Kent.