Partly Cloudy

Partly Cloudy

max temp: 21°C

min temp: 14°C

ESTD 1874 Search

Stowmarket: Malt firm invests £5.4m in AD plant to take waste

06:00 29 July 2014

Groundworks for the new anaerobic digestion plant being built at Muntons

Groundworks for the new anaerobic digestion plant being built at Muntons' Stowmarket site

Archant

A malted ingredients company which champions sustainable manufacturing is investing £5.4million in an anaerobic digestion (AD) plant to treat its liquid waste.

shares

Muntons will use the trailblazing facility, which will be operational by summer 2015, to generate up to 25% of its base load electricity by treating waste streams from malt extract production at its Stowmarket headquarters.

A funding package to support Muntons investment has been structured with RBS Invoice Finance and Lloyds Banking Group with a £42.1m Asset Based Lending (ABL) package incorporating an additional £2.3m to support the anaerobic digestion project.

Ingredients manufacturer Muntons, is already the first maltings company to achieve ISO 50001 status for its state of the art energy management systems, only one of a handful to have the certification in the food industry as a whole.

The plant will enable high solids liquid waste from Muntons’ malted ingredients factory to be taken through a process by which micro-organisms break down biodegradable material in the absence of oxygen.

The process will produce a fertiliser substitute for spreading on local farms, cutting out the 3,000 tanker movements a year currently required to take sludge from the site - saving around 340 tonnes in CO2 emissions from the lorries.

Muntons’ manufacturing and sustainability director Dr Nigel Davies said: “All of this sludge has come only from processing locally grown barley and our new AD plant will convert this into highly nutrient-rich fertiliser used to cultivate more locally grown barley – a really perfect example of local recycling.”

The new plant will generate biogas that will power a Combined Heat and Power unit providing 500KWh of electricity, around a quarter of Muntons’ base load requirement.

Finance director, Steve Bluff said: “It has been hard work to get the funding off the ground with the assets of the project making it difficult using normal views of security.

“However, with the significant support of B2B Consulting and the specialist and straightforward approach of Investec, we began to find a way to route forward. This, together with the huge support of our main lenders RBS/Lloyds, who have continued to want to invest in green initiatives and been very supportive throughout, has enabled us to put all the necessary funding in place.”

“Key to finding a solution was running large scale trials on potential equipment to prove it had the capability to deliver the results required to meet the payback criteria, the lenders gaining a thorough understanding of our business model and the enthusiasm for the project within Muntons.”

Muntons has enlisted in the Government’s Feed-In Tariffs scheme for the project, which means that it can be paid for the electricity it generates, even though it uses it itself, with the government favouring local generation and local use over export to the grid to alleviate increasing demand for grid electricity.

shares

0 comments

Welcome , please leave your message below.

Optional - JPG files only
Optional - MP3 files only
Optional - 3GP, AVI, MOV, MPG or WMV files
Comments

Please log in to leave a comment and share your views with other East Anglian Daily Times visitors.

We enable people to post comments with the aim of encouraging open debate.

Only people who register and sign up to our terms and conditions can post comments. These terms and conditions explain our house rules and legal guidelines.

Comments are not edited by East Anglian Daily Times staff prior to publication but may be automatically filtered.

If you have a complaint about a comment please contact us by clicking on the Report This Comment button next to the comment.

Not a member yet?

Register to create your own unique East Anglian Daily Times account for free.

Signing up is free, quick and easy and offers you the chance to add comments, personalise the site with local information picked just for you, and more.

Sign up now

Post Office services to return to Yoxford

The Post Office in a Suffolk town is moving to new premises, and will offer longer opening hours.

Dame Fiona Kendrick:, chief executive of Nestlé  UK & Ireland

Food giant Nestlé has announced plans to close its defined benefit pension scheme, sparking the threat of industrial action.

The Treasury has sold another 1% stake in Lloyds Banking Group.

The taxpayers’ stake in Lloyds Banking Group has fallen to below 16% after the Government sold off another tranche of shares.

The installation of solar panels on the roof of Precision Marketing Group's premises in Lamdin Road, Bury St Edmunds

A Suffolk-based firm will be among the organisations taking part in a nation-wide celebration of solar energy tomorrow.

Candy Gaga'’s Wanda Hewell, right, and daughter, Cherish.

Tower Ramparts in Ipswich now has its very own castle – thanks to the success of a local sweet shop business.

Stansted Airport

A report into the future of Britain’s airports does not rule out a second runway at Stansted – and raises fears of extra night flights to the Essex airport.

Growth in manufacturing eased last month  to its slowest level in two years.

Britain’s manufacturing sector grew at its slowest pace in more than two years last month, impacted by subdued demand from Europe.

Speedy Hire
 has warned that its results for this year will come in

Tool rental business Speedy Hire saw nearly a third of its stock market value wiped off after it announced the shock departure of its chief executive and warned over a major blow to full year profits.

Greene King chief executive Rooney Anand.

Pubs and brewing group Greene King today posted another year of record revenues, with sales within its key Retail division topping £1billion for the first time.

Suffolk Coastal considers convenience store bid

Planning chiefs have responded to concerns about noise and antisocial behaviour arising from proposals for a new convenience store in Kesgrave by insisting on closing times being brought forward an hour and the installation of a barrier to restrict overnight parking.

Most read

Topic pages