Tag Archives: chris
Stobart Inks Biomass Supply Deal With Green Fund Manager
Stobart inks biomass supply deal with green fund manager 9th September 2013 By Chris Barry – Editor, North West STOBART, the transport and infrastructure group, has announced a boost for its biomass division, which supplies waste to green energy plants. Its Stobart Biomass Products arm has agreed an exclusive deal with fund manager Greensphere Capital for the supply of up to 1,000,000 tonnes of biomass fuel per year into existing and future biomass power plants. Stobart has been working with Greensphere for more than a year and both parties have identified a number of existing and potential biomass projects for possible investment by funds managed by Greensphere. Greensphere Capital will be investing in a national platform of waste biomass power plants, to which its Framework Agreement with Stobart will provide fuel. The firm manages capital on behalf of institutional investors, including the government-backed Green Investment Bank. Stobart said: “The Master Framework Agreement specifies the terms that individual supply contracts with specific plants will adopt and although at present there is no minimum volume commitment the expectation is that volumes will grow over the coming three years, as plants are acquired and developed. “In addition to the income generated by Stobart Biomass for the supply of the fuel the group will generate revenues from transporting the product and from supporting each new project through to commissioning.” Chief executive Andrew Tinkler said “We believe Greensphere is the ideal partner for Stobart Biomass in this rapidly expanding market and whilst we continue to work with a number of other plant developers this agreement promises to underpin a sizeable element of our biomass supply strategy.” Continue reading
Chris Huhne Appointed European Manager Of US Biomass Firm
Saturday, August 10th, 2013 By Alex Blackburne Chris Huhne, the former MP who was jailed in March for perverting the course of justice, has landed a £100,000-a-year job at a US biomass firm. The former energy secretary was released from prison in May after serving two months of an eight-month sentence, relating to a speeding case from 2003. And just less than 90 days after his release, it has been revealed that he took a job as European manager of Zilkha Biomass in July. Huhne, who was MP for Eastleigh between 2005 and 2013, began his career as an entrepreneur and journalist, writing for such titles as the Guardian , where he was also economics editor for a short period. He was jailed alongside his ex-wife Vicky Pryce, who in 2003 took speeding penalty points on behalf of the former politician, so that he wasn’t banned from driving. Upon his release from Leyhill prison, he stressed that he wouldn’t be returning to frontline politics, and was rumoured to have begun writing his memoirs . The job at Zilkha sees him receive £100,000 a year for two days work a week. Zilkha says on its website that it is “ dedicated to innovative sustainable energy solutions “. It adds, “ Our prior company, Zilkha Renewable Energy, made it possible for more than 400,000 households to switch to green wind power by the time it was sold to Energias de Portugal .” According to the website Who’s Lobbying , Huhne met with representatives of Zilkha in 2010, while he was energy secretary, to discuss biomass. Huhne’s online biography for Zilkha confirms he was appointed in July, and that his role will be to help increase the firm’s stature across the EU. He is described as “ one of the pioneers in calling for political action to deal with global warming “, but his prison sentence is not mentioned. Continue reading
Department Of Defense Contract Awarded To Red Rock Biofuels
Taylor Scott International Continue reading
