M&S AD deal; DS Smith in buyout; Halstead AD completed; New silver benchmark; Dow on BBC radio; Biffa on Channel 5
Shanks and M&S sign AD deal
Shanks, the leading international waste management business has signed a second Power Purchase Agreement with Marks & Spencer to supply renewable energy from its new anaerobic digestion facility in Westcott, near Bicester.
M&S sends food waste that cannot be passed on to food banks and local charities to Shanks, where it is converted into biogas for renewable energy and digestate for use as a nutrient-rich soil conditioner. M&S will buy back around 30,000MW per year of electricity from the facilities – enough to power 20 M&S Simply Food stores.
DS Smith eyes buyout of Italian subsidiary
DS Smith is looking to buy the remaining 50% stake in Italian recycling firm Italmaceri, thereby becoming the full owner. The acquisition deal has also been cleared by the country’s competition watchdog AGCM. Financial terms of the transaction remain undisclosed. Currently, Italmaceri is a joint venture between DS Smith and Burgo. Italmaceri gathers and sorts recovered paper and other wastes.
Halstead AD construction complete
Tamar Energy’s has completed the construction of its anaerobic digestion facility in Halstead.
The facility will produce 2MW of electricity, enough to power more than 4,000 homes, from approximately 45,000 tonnes of food waste per year.
Tamar Energy is working with waste management parties, including Essex County Council, to ensure local food waste is converted into renewable energy at the facility.
New silver benchmark proposed
A joint proposal from Thomson Reuters and the exchange operator CME Group has emerged as frontrunner to provide a new global silver price benchmark when the ‘London silver fix’ is disbanded on 14 August. The current 117-year-old process is a daily auction run by three banks via teleconference.
Dow on ‘The Bottom Line’
Closed Loop Recycling’s managing director Chris Dow is to talk to BBC Radio 4’s The Bottom Line programme, presented by Evan Davis, to discuss the UK’s remanufacturing industry.
The programme, to be broadcast at 20:30 on Thursday 10th July, will also feature guests Charlo Carabott, co-founder and chief executive at Mazuma Mobile and Matt Bulley, managing director Caterpillar Reman Europe.
Topics of discussion will include the need for updated legislation to help boost UK remanufacturing and also the issue of security of resource supply.
Biffa in ‘Black Market Sting’
A Biffa waste recycling facility will feature in Channel 5’s Black Market Britain – Undercover Sting, tonight.
The plant will be seen receiving, and destroying, “thousands of pounds worth of illegal vodka” after it is purchased by an undercover journalist.