On the instructions of David Shambrook, Gordon Thomson and Stephanie Sutton of RSM Restructuring Advisory LLP, Joint Administrators of Teesside Green Energy Park Limited.
We are pleased to offer this exciting opportunity to acquire a 9.8-acre parcel of land with approved planning consent for an Energy from Waste (EfW) development site within the established Teesside energy, chemicals and industrial cluster – one of the UK’s most significant industrial hubs.
The salient details are as follows:
Freehold ownership of the 9.8-acre development site
Four Advanced Conversion Technology (ACT) gasification line
Signed Feedstock Supply Agreement (FSA) in place for 200,000 tonnes per annum of RDF, with potential for an additional 40,000 tonnes at market price
UK Government Track 1 approved carbon capture pipeline within immediate vicinity (less than 1 kilometre from the site) with new projects currently being considered
We are advised that approximately £14m has been invested in the project to date including site acquisition, planning, FEED studies and grid connection milestone payments
Three milestone payments totalling approximately £3.7 million have been made in respect of the grid connection, with a further £7.25 million remaining payable
The project is expected to supply 5MW of heat to nearby industrial and commercial users, creating an additional potential revenue stream
Sale Process and Further Information
On receipt of a signed non-disclosure agreement (NDA) access will be provided to a virtual data room housing additional information. To access the NDA please click the link, sign and return via email to [email protected].
