EfW and biomass complex to generate £1.5bn boost
An energy recovery park is predicted to deliver a £1.5bn boost to the Northwest economy once it goes live in three years' time.
A report into the economic benefits of the Ince Park development located at the Manchester Ship Canal estimates that during the first 25 years of its operation, revenue generation could amount to £3,350m, with half of this secured within the local region.
The eco-park will house energy-from-waste (EfW) and biomass facilities and is a joint venture between Peel Environmental and Covanta Energy. The study by Urban Mines also predicts the site could generate up to 2,350 direct jobs with a further 914 indirect vacancies.
Construction of the EfW facility is set to begin during 2012 before going live in 2015. Peel Energy has also received planning permission for a separate 20MW biomass energy facility on the site, scheduled to start construction early next year.