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Share Name | Share Symbol | Market | Type |
---|---|---|---|
Renewi PLC (PK) | USOTC:SHMCF | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 7.50 | 8.06 | 9.34 | 0.00 | 21:06:00 |
Shanks Group PLC SKS.LN), a European waste management business, said Monday its majority owned joint venture with SSE PLC (SSE.LN), 3SE (Barnsley, Doncaster & Rotherham) Ltd., has signed a 25 year contract worth over GBP750 million with Barnsley, Doncaster and Rotherham, or BDR, Councils for the treatment of black bag waste.
MAIN FACTS:
-Subject to planning permission being granted, Shanks will build a Mechanical Biological Treatment, or MBT, and Anaerobic Digestion, or AD, facility at Bolton Road, Manvers by 2015.
-Plant will process municipal solid and organic waste into recycled products, solid recovered fuel, or SRF, and biogas for energy generation, and digestate for compost and fertilizer.
-Shanks will operate the facility over the 25-year period of the contract until 2040.
-Under the agreement, SSE will use around half of the SRF produced at a new multi-fuel plant at Ferrybridge to generate electricity.
-When facility at Bolton Road is operational it will lead to a saving equivalent to 114,000 tons of CO(2) every year.
-Shanks shares closed Friday at 98.75 pence valuing the company at GBP391.91 million; SSE shares closed at 1329 pence valuing the company at GBP12.56 billion.
-By Ian Walker, Dow Jones Newswires; 44-20-7842-9296; ian.walker@dowjones.com
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