Calendar An icon of a desk calendar. Cancel An icon of a circle with a diagonal line across. Caret An icon of a block arrow pointing to the right. Email An icon of a paper envelope. Facebook An icon of the Facebook "f" mark. Google An icon of the Google "G" mark. Linked In An icon of the Linked In "in" mark. Logout An icon representing logout. Profile An icon that resembles human head and shoulders. Telephone An icon of a traditional telephone receiver. Tick An icon of a tick mark. Is Public An icon of a human eye and eyelashes. Is Not Public An icon of a human eye and eyelashes with a diagonal line through it. Pause Icon A two-lined pause icon for stopping interactions. Quote Mark A opening quote mark. Quote Mark A closing quote mark. Arrow An icon of an arrow. Folder An icon of a paper folder. Breaking An icon of an exclamation mark on a circular background. Camera An icon of a digital camera. Caret An icon of a caret arrow. Clock An icon of a clock face. Close An icon of the an X shape. Close Icon An icon used to represent where to interact to collapse or dismiss a component Comment An icon of a speech bubble. Comments An icon of a speech bubble, denoting user comments. Ellipsis An icon of 3 horizontal dots. Envelope An icon of a paper envelope. Facebook An icon of a facebook f logo. Camera An icon of a digital camera. Home An icon of a house. Instagram An icon of the Instagram logo. LinkedIn An icon of the LinkedIn logo. Magnifying Glass An icon of a magnifying glass. Search Icon A magnifying glass icon that is used to represent the function of searching. Menu An icon of 3 horizontal lines. Hamburger Menu Icon An icon used to represent a collapsed menu. Next An icon of an arrow pointing to the right. Notice An explanation mark centred inside a circle. Previous An icon of an arrow pointing to the left. Rating An icon of a star. Tag An icon of a tag. Twitter An icon of the Twitter logo. Video Camera An icon of a video camera shape. Speech Bubble Icon A icon displaying a speech bubble WhatsApp An icon of the WhatsApp logo. Information An icon of an information logo. Plus A mathematical 'plus' symbol. Duration An icon indicating Time. Success Tick An icon of a green tick. Success Tick Timeout An icon of a greyed out success tick. Loading Spinner An icon of a loading spinner.

Biomass plant ‘will be up and running by June’

Biomass plant ‘will be  up and running by June’
Helius Energy said yesterday it anticipated its £60.5million new biomass processing plant in Moray to be operational by the end of June.

Helius Energy said yesterday it anticipated its £60.5million new biomass processing plant in Moray to be operational by the end of June.

The facility is expected to generate 7.2 megawatts of electricity – enough for about 9,000 homes – and produce organic fertiliser and animal feed for local farmers.

It is being built and financed by Helius CoRDe, a joint venture between the renewable-energy firm, Rabo Project Equity and the Combination of Rothes Distillers (CoRD).

Helius said the plant was now at the commissioning stage and creating about 100 jobs during the construction phase, with a further 20 full-time roles expected when completed.

It also announced plans for a £6.76million fundraising exercise involving a £5.2million share placement, £1.06million open offer of stock and a debt capitalisation worth £500,000 through the issue of some new shares.

Helius said the cash would be used to strengthen its balance sheet and continue with its planned development programme.

Results announced by the firm for the 12 months to September 30, 2012, included pre-tax losses of £10.8million, against profits of £71,764 a year earlier. Operating losses in the latest period were £11.6million, compared with a deficit of £757,448 previously. Revenue grew to £309,713 in 2011-12, from £148,308 the year before.

Chairman John Seed said: “I am delighted to report that construction of the Rothes project has progressed on time and within anticipated budget.”

CoRD – representing the Benriach Distillery Company, Chivas Brothers, Diageo, Edrington Group, Glen Grant Distillery and Inver House Distillers – was formed in 1904 to process the sludge left at the bottom of stills used in whisky distilleries in the Rothes area.

More from Energy Voice

Latest Posts