£110 million biofuel deal signed

Warrington's Stobart Group has signed a £110 million biofuel supply deal with a Welsh company.

In the agreement, Stobart Energy will source, process and supply 250,000 tonnes per year of recycled waste wood to Margam over 14 years.

The Transport business will also transport the product which will generate additional revenue for the company's Energy Division.

'This agreement will contribute significantly to our target of supplying 2 million tonnes of fuel per annum into the UK biomass market by 2017/18,' says Richard Butcher, CEO, Stobart Energy & Infrastructure. 'We supply 1 million tonnes per annum at present.'