New £3m plant to lift turnover at Tyrone energy firm by 300%
A TYRONE energy firm has projected a 300 per cent increase in turnover following the installation a new £3.3 million plant.
Greenville Energy has completed work on a new multi-million pound Biomethane Liquification Plant at Ardstraw, close to Omagh. The plant, which turns biogas produced from food waste from agri-food businesses into liquefied renewable energy is set to revolutionise the firm's business and expected to lead to exponential growth. The new plant has enabled Greenville Energy to target and supply green energy to a number of new businesses in Northern Ireland who are seeking to fix energy costs and reduce carbon emissions by using an alternative to fossil fuels.
The Biomethane Liquification Plant turns biogas produced by the Anerobic Digestor to be liquefied into biomethane. This process significantly reduces cost of storage and transport of biomethane and has enabled Greenville Energy to supply more Northern Irish businesses allowing them to generate onsite heat and electricity.
The major investment is supported by £2.7 million of funding from HSBC's £10 billion SME Fund. The fund, which allocates £100 million specifically to support SMEs in Northern Ireland, also helped in the installation of anerobic digester at the site in 2012.
Nial Douglas, area Director of HSBC in Northern Ireland, said: “Greenville Energy and Greenville Dairies are exciting Northern Irish SMEs demonstrating how innovation in business can lead to huge growth. We're pleased to enable Greenville Energy and Dairies to explore its potential in delivering a completely unique product, helping drive energy efficiencies for both itself and throughout Northern Ireland.”
Jason Mitchell, director at Greenville Energy, thanked the bank for its ongoing support: "The bank has been instrumental in enabling us to implement cutting edge technology and agricultural practices to create self-sustaining green energy. We've gone from strength to strength as a business and we're thankful for HSBC's continued support.”