Clydesdale Bank is growing its support for farming businesses in Wales and the south west of England which are keen to take advantage of anareobic digester (AD) technology.
The Bank has helped fund five new AD plants in the region over the last three years and views it as a growing market. This includes support for GP Biotec Ltd which has completed a £3million project to build an AD plant on Great Porthamel Farm in Talgarth.
The firm, run by Paul and Gary Jones with their parents Charles and Janet, completed the project after securing funding from Clydesdale Bank.
The Combined Heat and Power (CHP) unit includes two tanks which are fed with maize and waste from a local abattoir to create energy to power the farm and will also be sold to the National Grid.
Emyr Saer, agricultural business manager with Clydesdale Bank, said: “We are keen to support further agricultural businesses in Wales and the south west of England which are considering investing in the technology.
“AD technology continues to develop and we are pleased to be at the forefront of this growing market by funding major projects in this field. It is an area we see potential growth opportunities and are actively looking to support well-run businesses with investment. GP Biotec is among the most recent businesses to complete an AD plant project and the investment is already beginning to reap major rewards for them.”
Paul Jones from GP Biotec added: “Clydesdale Bank has given us tremendous backing and we’re delighted the plant is now fully operational. It is enabling us to put large amounts of waste to good use by creating mass energy.”
The deal was completed with technical support of Mark Clayton from environmental consultancy Aardvark Environmental Matters.