Stobart Group signs Yorkshire biomass contract

STOBART Group, the energy to aviation and infrastructure group, has signed a major biomass supply contract in South Yorkshire.

The latest contract, its third in four months, is in Rotherham with Brite Partnership (North East).

The Carlisle headquartered group will supply and transport 5.2m tonnes of waste wood to a 40MWe biomass plant over the term of the contract, which starts in 2017.

“This latest agreement gives clear visibility of the biomass tonnage the group will be supplying by 2017 of 1.75m p.a. against our target of 2m, with further projects in the pipeline,” the company said.

Stobart Group is not involved in the financing of the project, although it expects the project to achieve financial close in the next two weeks.

Richard Butcher, CEO Stobart Energy & Infrastructure, said: “This agreement means that in the last four months alone we have secured additional supply volumes for the Stobart Energy division totalling some 750,000 tonnes per annum from 2017 onwards through three long-term, index-linked contracts. We continue to strengthen our market leading position in the biomass supply market and are encouraged by the momentum in this business. The group has quickly established itself as the fuel supplier of choice in the rapidly developing biomass power market.”