9 March 2005 – SembCorp Utilities is to build one of the UK’s largest biomass renewable power projects on Teeside at a cost of £60m ($116m). The plant, named Wilton 10, will generate 30 MW of electricity and is scheduled for operation by mid 2007.
SembCorp Utilities, a subsidiary of the Singapore based SembCorp Industries, will also investigate the possibility of creating a separately owned and operated wood recycling facility on the Wilton International site to support the biomass project, which will require 300 000 tonnes of wood a year.
Around £10m of the investment came from a grant that was issued under the UK government’s Bio-energy Capital Grants Scheme. SembCorp financed the remainder through a long-term project finance loan with French bank, Calyon, part of the Crédit Agricole Group.