Waste management company Beauparc has acquired Tyrone Energy, a biomass power station, for an undisclosed sum.
Tyrone Energy uses waste wood that once would have been destined for landfill.
Today’s deal is Beauparc’s sixth acquisition in the last year after it bought Acumen Waste Services, B&M Waste, Exomex, Kollect and JWS.
It also already owns consumer brands Panda, Greenstar and Panda Energy.
Beginning commercial operations in 2012, Tyrone Energy’ss power station was Northern Ireland’s first large scale ‘wood to energy’ plant and it processes 25,000 tonnes of wood a year as its biomass fuel.
Taking wood from a variety of sustainable sources in Ireland and the UK, the plant can generate 2.1 MW of electricity annually, which is enough to power the entire local village of Artigarvan in Co Tyrone.
Under the terms of the deal, Tyrone Energy’s existing senior management team will remain within the business.
Its general manager Andy Luke will work alongside Beauparc’s management team to further develop innovative opportunities of generating energy from waste.
Beauparc CEO Brian McCabe said that Tyrone Energy fits the company’s appetite for innovative sustainable energy projects that contribute to the transition to a low carbon economy.
“Its energy from waste station provides an essential outlet for waste that would otherwise be sent to landfill, converting it into sustainable electricity. The business has a proven record of excellence, and we look forward to working with its current team,” Mr McCabe added.
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