TEG.L Regulatory News (TEG)

6 Apr 2006 07:00

TEG Environmental Plc06 April 2006 For Release 7:00 a.m. 6 April 2006 TEG ENVIRONMENTAL PLC SOMERSET SITE SECURED WITH PLANNING PERMISSION TEG Environmental Plc, ("TEG" or "the Company"), the cutting edge greentechnology company, which converts organic wastes into natural organicfertiliser, has secured planning permission to develop a site at Clayland'sCorner, Somerset, with partners Halberton Poultry Ltd ("Halberton"). Planning permission was granted by The Planning Inspectorate following an appealby Halberton and TEG made in 2005. TEG intends that the operation will be gearedtowards the production of its high value, high quality EnVigro(TM) fertiliserand derivatives. It will initially have a nominal feed capacity of 8,000 tonnesper annum, producing 5,500 tonnes per annum of fertiliser. The plant should beoperational by the end of 2006. The operation will be developed with the site owners, Halberton, with Halbertoncompleting infrastructure and building construction and TEG installing andoperating its TEG Silo Cages. Fertiliser screening, blending and bagging willalso be carried out by TEG, while Halberton will carry out product distributionthrough its logistics business. Commenting on the development, Chief Executive Mick Fishwick said: "This isanother building block in the development of the TEG business. Our AnimalBy-Product business is developing very rapidly, but there is also a continuousand growing demand for high quality products such as EnVigroTM, with pricesrising rapidly, to reach well over £100 per tonne, for organic, peat freeproducts. It is with great satisfaction that we and Halberton have finallyachieved planning permission at the Clayland's Corner site, and we are lookingforward to bringing another TEG plant on stream. The site has huge potential forgrowth and we hope to go from strength to strength in the region." ENDS Editor's Notes: Enquiries to:TEG Environmental Group PlcMichael Fishwick, Chief Executive Tel: 01772 314 100 Binns & Co PR LtdPeter Binns/ Tarquin Edwards Tel: 020 7786 9600 TEG provides an in-vessel composting technology, which is one of the fewapproved technologies capable of treating animal by-product waste. Planteconomics are driven by the gate fees charged, rather than the value of the endproduct (compost). The TEG process is an economic alternative to landfill. The Silo Cage system, one of the few technologies in Europe capable of treatingthis waste, is a natural process producing compost as an end product, used as anexcellent soil conditioner that fertilizes, retains moisture, provides structureand reduces the incidence of plant disease. TEG's Silo-Cages will be housed in aself-contained building, are not unsightly and are environmentally friendly. Potential customers include local authorities, waste management companies, foodprocessors, farmers and landowners. The Company's expanding market is driven byincreasingly stringent EU and UK legislation regulating the treatment anddisposal of organic waste. This information is provided by RNS The company news service from the London Stock Exchange