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12 Jan 2010 07:00
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For release |
07:00 |
Date:Ā 12Ā JanuaryĀ 2010 |
TheĀ TEGĀ GROUPĀ PLCĀ (TEG/L)
("TEG" or "the Company")
TEGĀ Concludes ContractĀ for
Mixed WasteĀ withĀ Perth & Kinross Council
Further to the announcement on 2 December 2009,Ā TheĀ TEGĀ GroupĀ Plc,Ā the AIM-listed cutting edge green technology company, whichĀ developsĀ and operatesĀ organic composting and energy plants,Ā is pleased to announceĀ thatĀ its subsidiary TEG Environmental LimitedĀ hasĀ concludedĀ a contractĀ with Perth & Kinross CouncilĀ to process mixed food and garden wasteĀ ("Mixed Waste"). The contract will commenceĀ onĀ 1Ā March 2010 and the Mixed Waste will be processed at the TEG Glenfarg in-vessel composting facility in Perthshire.
The contractĀ isĀ for aĀ 4-year term with a potential further 2-year extension and its value will be in the range ofĀ a minimum ofĀ Ā£470,000 per annum up to Ā£1,050,000 per annum, depending upon the rateĀ of arisings of Mixed Waste in the PerthĀ &Ā Kinross region.
ENDS
Contact:
The TEG GroupĀ Plc Tel:Ā 01772Ā 644980
Michael Fishwick, Chief Executive
PeckwaterĀ PR Tel:Ā 07879 458 364
Tarquin EdwardsĀ
Canaccord Adams (Nomad) TelĀ : 020 7050 6500
Robert Finlay
Guy Blakeney
Ā Ā
Editor's Notes:Ā
TEG
TEG provides an in-vessel composting technology, which is one of the few approved technologies capable of treating animal by-product (ABP) waste, and is now providing an anaerobic digestionĀ (AD)Ā technology to produce power from food waste. Plant economics are predominantly driven by the gate fees charged, rather than the value of the end product (compost). The AD plants also benefit from power sales and Renewable Obligations Certificates ("ROCS"). TEG owns its composting technology and has an agreement with UTSĀ Biogastechnik GmbH ("UTS") for the provision of AD technology into theĀ UKĀ waste markets. The TEG processesĀ areĀ an economic alternative to landfill.
The TEG Silo Cage System
The Silo Cage system, one of the few technologies inĀ EuropeĀ capable of treating this waste, is a natural process producing compost as an end product. The compost isĀ an excellent soil conditioner that fertilises, retains moisture, provides structure and reduces the incidence of plant disease. TEG's Silo-CagesĀ areĀ housed in self-contained buildings, are not unsightly and are environmentally friendly.
Collaboration withĀ UTS
Having supplied equipment toĀ more than 1,500 equipped biogas plants, UTS Biogastechnik GmbH is one of the world's leading biogas companies. The UTS group of companies offersĀ services in the planning, construction, delivery and installation of biogas plants and their key components. The company has its own production facilities and service shops, technical design and development departments as well asĀ mobileĀ mechanical and biological customer serviceĀ technicians to support theĀ international client base. UTS also develops and sells specialized mixers, pumps and a variety of solid/liquid separating devices related to the biogas and agro/food markets. The company is headquartered nearĀ Munich,Ā GermanyĀ with subsidiaries inĀ Italy,Ā Hungary,Ā Spain, theĀ CzechĀ RepublicĀ andĀ now a rapidly developing company UTS Biogas Limited. to service theĀ United KingdomĀ &Ā IrelandĀ markets.Ā
General
Customers include local authorities, waste management companies, food processors, farmers and landowners. The Company's expanding market is driven by increasingly stringent EU andĀ UKĀ legislation regulating the treatment and disposal of organic waste. Statutory targets for the diversion of waste from landfill increase annually through to 2020, increasing TEG's market opportunity year on year. The Waste Resource Action Programme estimates that 450 composting plants will be needed by 2020 to satisfy local authority requirements alone, and there is increasing demand from the private sector driven by ABP legislation.
NOFCO, a subsidiary of TEG,Ā is a marketing companyĀ specialisingĀ in the development of end markets for compost products, an important aspect of all plant developments and key to local authority development. The company has an expertise in the development of agricultural and horticultural marketsĀ and this capabilityĀ is to be provided to customers to enhance TEG's overall service offering.
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