UK Coal is seeking shareholder approval to set up a joint venture with developer Peel Holdings, itself UK Coal's largest beneficial shareholder with 29%, to develop waste facilities on 11 properties within the group's Harworth Estate portfolio.
UK Coal has identified 11 sites as appropriate for waste-to-energy plants, typically located on industrial sites which the company has been unable to develop for alternative commercial uses.
No firm decision has yet been taken as to the details of the proposed infrastructure at each site but technologies being considered include anaerobic digestion, gasification and other related EfW platforms. The sites are at:
- Asfordby
- Bilsthorpe
- Cutacre
- Gedling
- Houghton Main
- Kellingley
- Meriden
- North Selby
- Tetron Point
- Wardley
- Waverley AMP
UK Coal chairman Jonson Cox said: "This proposed waste-to-energy joint venture with the Peel Group will enable UK Coal to benefit from, and mitigate the risk and cost of, the development of eleven sites in the company's property portfolio. These sites have not been identified as suitable for alternative development uses. This represents part of UK Coal's focus on simultaneously unlocking and developing the maximum value from its property portfolio."
UK Coal owns approximately 43,300 acres (17,500 hectares) of predominantly agricultural land. Within this, around 4,500 net acres on 85 sites have been identified as offering the prospect for development into a mix of residential, business park, distribution, leisure and community developments over the medium term to long term.
UK Coal is already in the renewable energy business with Peel. It uses waste gas from mines to generate electricity. It also has a wind power joint venture with Peel Energy that has planning permission to erect five turbines in Durham and five other sites in the pipeline.
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