WCP, developers of advanced waste-to-energy projects in the UK, together with its partners, will develop, finance and deliver the project on Dockside Road, to the south of Teesport Commerce Park.
The advanced project, which will be named the Teesport Renewable Energy Centre, will sit on a 9-acre footprint and create between 250-300 full time jobs during construction, with a further 40 permanent jobs created when the plant becomes operational – which is expected to be in the second half of 2024.
The sustainable plant will utilise a variety of waste streams, characterised by rigorous environmental credentials, and employ proven technologies from first-class providers, positioning PD Ports, and the Tees Valley, at the forefront of the clean energy sector.
Michael McConnell, PD Ports Group Property Director, said: "We are delighted to have signed this agreement to bring such a large and important investment to the Tees Valley and look forward to working with WCP and its partners to progress the project and bring the waste-to-energy plant to fruition.
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"This huge private investment from outside of the UK further demonstrates our trusted and proven track record when it comes to delivering large-scale projects, investments and real jobs to the region, whilst reinforcing our commitment to environmentally sustainable practices."
The plant, when complete, will have an annual capacity of 300,000 tonnes of feedstock and deliver an electrical output of 30 megawatts – enough to power up to 27,000 homes with the potential to provide decentralise energy to existing and planned industrial users via combined heat and power.
Philip Spanos, CEO of WCP, commented: "WCP is truly delighted to enter into this partnership with PD Ports for the development of such an exciting project on their land.
"PD Ports is an extremely supportive, mature and experienced landowner, who fully understand the complexities of developing such projects.
"WCP looks forward to playing its role, alongside PD Ports and local stakeholders, in contributing to the realisation of the immense potential of the Tees Valley as host to this project and the pool of highly skilled labour for its construction and operation.
"We also hope, through the guidance of Redcar and Cleveland Council as the Local Planning Authority, to contribute actively to the local area."
The next steps for the project is to hold discussions with Redcar & Cleveland Borough Council, the local Planning Authority, to formulate, prepare and submit a full application for consideration so that construction can commence.
