TEG Environmental Plc
19 December 2005
For Release 7:00am 19 December 2005
TEG ENVIRONMENTAL PLC
PLANNING APPROVAL UPDATE FOR PLANT IN IRELAND
'Opportunity to commercialise existing asset'
TEG Environmental Plc ('TEG' or 'the Company'), the leading green technology
company, which converts organic wastes into natural organic fertilizer, is
pleased to announce that there have been no third party appeals against the
planning approval granted by Kildare County Council for the Company to operate
its Silliot Hill plant, County of Kildare, Ireland. Planning approval was
announced on 7 November 2005. TEG is now free to develop the facility and
expects it to be operational by the second quarter of 2006. In keeping with
recent policy in Kildare, the permission is for 5 years with an obligation to
re-apply at that point, once the plant is fully established.
The Kildare plant is owned by TEG and was built in 2002. It was originally used
to process sewage sludge. TEG now plans to process food waste and green waste
materials using the 24 Silo-Cage unit, treating up to 15,000 tonnes of waste per
year.
Said Mick Fishwick, Chief Executive, TEG Environmental:
'We are delighted that there have been no appeals to the planning approval,
which allows us to accelerate our development by some 5 months. We are very
happy to be underway and look forward to operating again in Ireland. The market
in Ireland is extremely buoyant and we hope that this plant will be the first of
many.'
ENDS
Contact:
TEG Environmental Group Plc 01772 314100
Michael Fishwick, Chief Executive
Binns & Co PR Ltd 020 7786 9600
Peter Binns / Tarquin Edwards 07768 392 582 / 07879 458 364
Editor's Notes:
TEG provides an in-vessel composting technology, which is one of the few
approved technologies capable of treating animal by-product waste. Plant
economics are driven by the gate fees charged, rather than the value of the end
product (compost). The TEG process is an economic alternative to landfill.
The Silo Cage system, one of the few technologies in Europe capable of treating
this waste, is a natural process producing compost as an end product, used as an
excellent soil conditioner that fertilizes, retains moisture, provides structure
and restricts weed growth. TEG's Silo-Cages will be housed in a self-contained
building, are not unsightly and are environmentally friendly.
Potential customers include local authorities, waste management companies, food
processors, farmers and landowners. The Company's expanding market is driven by
increasingly stringent EU and UK legislation regulating the treatment and
disposal of organic waste.
This information is provided by RNS
The company news service from the London Stock Exchange
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