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Share Price: 37.50

Bid: 36.00

Ask: 39.00

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OFT investigates anaerobic digestion opportunity

Fri, 21st Jan 2011 14:54

The Office of Fair Trading (OFT) is investigating the market for the treatment of organic waste in order to assess whether there are appropriate incentives for technologies such as anaerobic digestion. It is government policy to encourage the generation of energy from waste through anaerobic digestion, which is a process where microbes break down the waste and turn it into biogas. There are three main sources of organic waste, sewage, household food waste and the waste from food factories and farms. The study will assess whether price regulation of sewage sludge treatment is still appropriate and whether there is scope for more competition. The OFT will also assess if there are any barriers to efficient investment in co-treatment plants where waste from different sources is treated in one facility. The OFT will also try to identify what can be done to encourage investment in anaerobic digestion and other technologies. Water firms, such as United Utilities and Northumbrian Water, have been building anaerobic digestion facilities. Northumbrian is generating part of its own power requirements from one such plant and another is planned. Shanks Group is starting construction of its second anaerobic digestion facility, which will be based in Buckinghamshire. The £11m facility will generate up to 2MW of electricity. Shanks is seeking planning permission for a third facility in east London. AIM-quoted TEG Group is also involved in building plants that combine its own composting technology with anaerobic digestion facilities. Alkane Energy has linked up with TEG to provide its expertise in turning the gas produced into power. Ireland-based Kedco also intends to use German technology to build anaerobic digestion plants in the UK. AIM-quoted Pressure Technologies, which makes seamless steel gas cylinders, set up a new business in November 2008 to sell Greenlane® equipment that can be used in anaerobic digestion plants. It will be a beneficiary of increased investment in this area. The OFT study is expected to last six months and be completed in July. The recommendations can then be taken into account in water regulator Ofwat's review of economic regulation in the water and sewerage sector.

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26 Mar 2019 14:22

Gresham House Asset Builds 7% Stake In Pressure Technologies (ALLISS)

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8 Feb 2019 13:00

Pressure Technologies says HSE will prosecute subsidiary over fatality

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1 Feb 2019 10:07

Pressure Technologies Pushing Ahead With Greenlane Biogas Sale

LONDON (Alliance News) - Specialist engineer Pressure Technologies PLC said it is making good progress on the sale of subsidiary PT Biogas Holdings Ltd.Pressure Technologies announced the a

11 Dec 2018 11:46

Pressure Technologies' loss widens as alternative energy revenue stumbles

(Sharecast News) - Pressure Technologies reported on Tuesday that its full-year loss widened due to the impact of a weak performance in its Renewable Energy division.

11 Dec 2018 09:56

Pressure Technologies Annual Loss Widens On Lower Number Of Projects

LONDON (Alliance News) - Pressure Technologies PLC on Tuesday said its loss widened in its recently ended financial year, hurt by weakness in its Renewable Energy division.The engineering a

10 Dec 2018 12:24

Pressure Technologies to offload alternative energy division for £11.1m

(Sharecast News) - Pressure Technologies' shares jumped on Monday after it agreed to sell its alternative energy division to Creation Capital Corp for a total consideration of £11.1m.

10 Dec 2018 09:24

Pressure Technologies Sells PT Biogas To Canada Firm For GBP11 Million

LONDON (Alliance News) - Pressure Technologies PLC on Monday said it agreed to sell its subsidiary, PT Biogas Holdings Ltd, to Canada-listed Creation Capital Corp for GBP11.1 Tech shares were up A

31 Jul 2018 13:05

Pressure Technologies Hires Chris Walters To Be CEO From October

LONDON (Alliance News) - Pressure Technologies PLC said on Tuesday that Chief Executive Officer John Hayward will step down on October 1 and be replaced by Chris Walters.The incoming CEO on

12 Jun 2018 12:18

Pressure Tech Interim Loss Widens As Revenue Falls On Lower Order Book

LONDON (Alliance News) - Pressure Technologies PLC on Tuesday reported a decline in revenue in the first half of its financial year, hit by decline in orders in the Alternative Energy industrial a

30 May 2018 10:55

Pressure Technologies Shares Drop As Year Set To Be Below Expectations

LONDON (Alliance News) - Shares dropped in Pressure Technologies PLC on Wednesday as the company said its loss-making Alternative Energy division, will bring the group's results for its year a

13 Dec 2016 09:03

Pressure Technologies Scraps Dividend After Swing To Annual Loss

12 Dec 2016 16:06

UK Earnings, Trading Statements Calendar - Next 7 Days

8 Dec 2016 10:05

Pressure Technologies Buys UK Engineer Martract For GBP4.3 Million

8 Dec 2016 08:43

Pressure Technologies buys Martract for £4.3m

(ShareCast News) - Engineering firm Pressure Technologies has bought rival Martract for £4.3m in order to strengthen its ability to supply bespoke solutions to clients and improve its supply chain. The company said that the acquisition, which is expected to me immediately earnings enhancing, is a "s

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