Monday, 27th November, 2017

Cory Riverside Energy reveals plans for new energy park in London

27 NOVEMBER 2017

Cory Riverside Energy (“Cory”), a leading recycling, energy recovery and resource management company, has today revealed ambitious plans to build an integrated, low-carbon energy park at its site in Belvedere, South East London.

The energy park would complement Cory’s existing Riverside Energy Recovery Facility (ERF), and comprise a range of technologies including waste energy recovery, anaerobic digestion, solar panels, and battery storage.

Riverside Energy Park would enable the company to convert even more of London’s residual “black bin” waste into green electricity, particularly during times of peak usage, and produce cheap heat for export to nearby homes and businesses. In addition, it would continue to convert the residual ash that is left over at the end of the process into construction materials useful for building London’s homes and roads.

Cory has advised the Government’s Planning Inspectorate, which handles applications for this type of project, of its proposals.

Meanwhile, Cory will develop the scheme and consult with the local community and other organisations about the proposals before formally submitting an application to the Secretary of State for development consent.

The company expects to hold public exhibitions during the summer of 2018 and, before then, will work with key public bodies and local stakeholders to identify the main environmental and planning considerations that will be addressed by the design of the Energy Park.

Construction is targeted to begin in 2021, and the Energy Park is expected to be fully operational by 2024. Cory has selected Hitachi Zosen Inova as its Engineering, Procurement and Construction (EPC) contractor, following its excellent delivery of the existing Riverside ERF.

Cory forecasts that the Riverside Energy Park would:

  • Generate up to 96 megawatts (MW) of low carbon renewable electricity at peak times, which taken together with the permitted capacity of 72 MW from the existing Riverside ERF is the equivalent of powering c.300,000 homes across London (almost 10% of London’s 3.2m households)
  • Divert a further 650,000 tonnes of residual waste away from landfill, which will save an additional 130,000 tonnes of CO2 each year
  • Make use of Cory’s existing river-based infrastructure on the River Thames to further reduce road traffic. At present, Cory’s use of the Thames as a “Green Highway” currently removes around 100,000 truck journeys from London’s roads every year. The new park would allow for a further 80,000 truck journeys to be removed.
  • Be capable of supplying up to 30MW of affordable heat energy to local housing
  • Create a further 175,000 tonnes/year of construction materials from the EfW process for use in building the south-east’s homes and infrastructure, avoiding the need for industry to extract an equivalent tonnage of natural stone.
  • Make a valuable contribution to local employment, with over 100 full-time jobs and apprenticeships set to be created at the energy park and on the river. The construction period is likely to require a workforce in excess of 6,000 people.

 

Nicholas Pollard, Chief Executive of Cory Riverside Energy, said:

“The new energy park represents a huge step forward when it comes to meeting London’s waste management and energy generation needs. Our current Riverside Energy Recovery Facility has been reliably operating at capacity and within all air pollution limits since day one, so expanding our energy generating capabilities in a more ambitious integrated Energy Park is the natural next step.

“London is facing a significant capacity gap in its ability to appropriately dispose of and treat all its waste. This new park is an important part of the solution.”

“By employing a range of technologies which are proven at scale, we can expand our ability to generate clean, low carbon renewable energy for London and treat more of London’s waste within the city’s boundaries.”

 

For further information, please contact info@riversideenergypark.com or phone 0330 838 4254

 About Cory Riverside Energy:

 

  • Cory Riverside Energy is one of the UK’s leading resource management, recycling, and energy recovery companies. The company developed, owns and operates the largest operating Energy Recovery Facility in the United Kingdom, processing London’s waste into electricity, metals and construction aggregates.
  • Cory was originally founded in London by William Cory and his sons, and has been navigating its fleet on the River Thames since 1896.
  • The company is majority-owned by investment funds managed by Strategic Value Partners. Other investors include EQT Credit Opportunities Fund and Commerzbank.
  • Cory’s Riverside Energy Recovery facility, at Belvedere, is fed by a unique river-based infrastructure along the River Thames, which uses tug boats and barges for delivering residual waste to the plant.
  • Cory currently works directly with seven London Boroughs including Hammersmith and Fulham, Kensington and Chelsea, Lambeth, Wandsworth, City of London, Tower Hamlets and Bexley. The company also holds a number of significant commercial and industrial (C&I) contracts.
  • Independent Analysis from Tolvik Consulting shows that there is approximately 2.50Mt of EfW capacity serving London currently and an estimated shortfall in treatment capacity for London’s residual waste of up to 1,400,000 tonnes by 2030.
  • 2016 was a record year for Cory Riverside Energy, whose Riverside Energy Recovery Facility has enjoyed an exceptionally productive and reliable operating performance, running at its full permitted capacity since its commissioning trials.
  • 2016 highlights included:
  • 528 GWh of baseload renewable electricity generated; the equivalent of 160,000 homes powered
  • 753,000 tonnes of waste diverted from landfill
  • 100,000 truck journeys removed from London’s roads every year thanks to use of our infrastructure and lighterage fleet on the River Thames
  • 230,000 tonnes of carbon saved by not sending waste to landfill;
  • 200,000 tonnes of ash “upcycled” from the residual waste into construction aggregates
  • 10,000 tonnes of Air Pollution Control Residue recycled to create concrete building blocks used for home building.

 

The new energy park represents a huge step forward when it comes to meeting London’s waste management and energy generation needs.