Dive summary:
- Shanks Food Waste Plant signed an agreement with Marks and Spencer (M&S), a British retailer specializing in luxury foods and clothing, for M&S to send food waste to Shanks and receive energy in return.
- Shanks utilizes waste to energy technology that can power 33 M&S Simply Food stores just by the food waste M&S provides to them.
- M&S agreed to purchage approximately 19,000 MWh of electricty per year, helping M&S reach two of their sustainability program targets, to use 100% renewable energy and send zero waste to landfills.
From the article:
Milton Keynes based waste and recycling company Shanks Group (LSE: SKS) has signed a Power Purchase Agreement with UK based retailer Marks & Spencer (M&S) to supply it with the total renewable energy output of its anaerobic digestion (AD) plant in Cumbernauld, Glasgow - a joint-venture with Energen Biogas.
Shanks explained that M&S (LSE: MKS) sends food waste to the 60,000 tonne per year plant, where it is converted into biogas and used for renewable energy generation and digestate for use as a nutrient-rich soil conditioner. ...
