PD Ports has announced it is set to bring an additional “waste-to-energy plant” to the Tees Valley which is expected to be fully operational in 2025.
The new plant will reportedly generate £430m in private investment and create “hundreds” of new jobs.
The signed agreement with Wentworth Clean Power Limited (WCP) will deliver a second “advanced project”, also based by Teesport Commerce Park.
The annual capacity of the projects equals to 250,000 tonnes in specialist feedstocks and an electrical output of up to 18MWe, which is equivalent to enough power to cover 16,000 homes in the region.
Frans Calje, CEO of PD Ports, said: “PD Ports is delighted to have secured both projects for the region and explained how the waste-to-energy plants align with the port operators decarbonisation agenda.
“We have secured over £600 million of private investment to bring these state of the art facilities to our region that will, in turn, create jobs, boost prosperity and place us at the forefront of the net-zero agenda.”
The announcement arrives two weeks after the firm agreed to a £230m deal to bring a waste to energy plant to the region which would position the port operator, and the Tees Valley, at the “forefront of the clean energy revolution”.
Subject to planning approval, the second project will reportedly “boast” a 30-acre footprint and generate roughly 300 full-time jobs during the construction phase and up to 50 further full-time jobs when operational, including highly skilled engineering posts.
Philip Spanos, CEO OF WCP, said: “We are delighted to be delivering not one but two highly advanced, sustainable energy and waste management projects to the Tees Valley and look forward to playing our role, alongside PD Ports and local stakeholders, in contributing to the realisation of the immense potential of this region.”
In 2020, the port operator has unveiled a £9.2m “bulks-handling facility” as well as investing £3.36m in enhancing RoRo facilities at Teesport and £1.35m in a new pilot vessel to service the River Tees.
Andy Preston, Middlesbrough mayor, said: “This is absolutely fantastic news for the Middlesbrough area and Tees region generally. PD Ports stands for everything I believe in – a high-quality local employer that’s ambitious, world-class and forward-thinking.
“At a hugely challenging time for business, it’s fantastic that PD Ports has won massive new private investment for our area, creating hundreds of new jobs. Our region was synonymous with the chemical and steel industries but now we can build a reputation as world leaders in a fast-growing sector as we focus increasingly on environmental issues.”