ITOCHU has signed a waste management Public Private Partnership (PPP) contract with West London Waste Authority in the UK
November 28, 2013
ITOCHU Corporation (Minato-ku, Tokyo; President & CEO - Masahiro Okafuji), together with SUEZ ENVIRONNEMENT subsidiary, SITA UK, and Scottish Widows Investment Partners (SWIP) has signed a 25-year resource recovery contract worth approximately GBP 1.4billion (Approximately 224 billion yen) with the West London Waste Authority (“WLWA”).
Residual waste (the waste left over once all of the recyclable material has been separated out) collected from the London boroughs of Brent, Ealing, Harrow, Hillingdon, Hounslow and Richmond upon Thames, which have a combined population of 1.6 million people, will be transported by rail to the new Severnside Energy Recovery Centre (“SERC”) in South Gloucestershire, which uses energy-from-waste technology to convert the material into energy.
The contract is to manage up to 300,000 tonnes of residual household waste each year and includes taking-over the existing two rail-linked waste transfer stations in West London. The contract also includes the design, build, finance and operation of SERC, which will generate enough electricity to power the equivalent of 50,000 households.
By using this solution, the West London Waste Authority will be able to divert 96 per cent of it residual waste from landfill and will save two million tonnes of CO2 over the duration of the contract.
This is the third signed waste management contract for ITOCHU in the UK, following participation of South Tyne & Wear Waste Management Partnership, a contract executed in April 2011, the Integrated Waste Management PFI Contract in Cornwall Council, a contract executed in March 2013.
ITOCHU will make full use of its experience in this field to strengthen its initiatives in Eastern Europe, the Middle East and Asia.
- *The total contract value is worth GBP1.4 billion from municipal revenue, treatment of third party waste and sale of electricity to National Grid
SUEZ ENVIRONNEMENT is a world-leader in environmental services. The company, with 78,700 employees, supplies drinking water to 90 million people, and treats the waste produced by 46 million people from across the world.
|Company Name||Suez Environnement SA|
|Head Office||Paris, France|
|Number of Employees||Approximately 79,500|
|Turnover||Approximately 15.1 billion euro (about 2,037 billion yen)|
SITA UK, a UK subsidiary of SUEZ ENVIRONNEMENT, is a recycling and resource management company, with over 6,000 staff and a nation-wide network of recycling, composting, energy-from-waste and landfill facilities. The company delivers environmental solutions for the public, local government, industry and commerce, serving over 12 million people. It handles around eight million tonnes of domestic, commercial and industrial waste each year.
|Company Name||SITA UK Limited|
|Head Office||Maidenhead, the United Kingdom|
|Number of Employees||Approximately 6,000|
|Turnover||Approximately 770 million pounds (about 123 billion yen)|