The capacity of the TEG Silo Cage plant will be 14,000 tonnes per annum, producing approximately 8,000 tonnes per annum of compost.  The compost will be matured and blended to produce horticultural grade material for sale into the local horticultural sector. 

The waste will be supplied from local authority green waste collections via the Glendale composting subsidiary Eco Sci, and from private sector contracts for food waste and food processing waste. Glendale will provide compost product expertise and knowledge of the horticultural product market, together with analytical and compost product services.

The development is on a site leased by Glendale and will be a shared facility with Eco Sci who will carry out green waste composting in an adjacent operation.  The plant and equipment will be supplied by TEG.  The total cost of the development will be approximately £2.5m of which approximately £1m will be the cost of the building development and £1.5m the cost of the plant and equipment.  Funding of the building work is part of the lease arrangement with the overall site landlord.  Funding of the plant and equipment will be by finance lease through Barclays Asset Finance.  The site is scheduled to be operational by the end of Quarter 3 of this year.

 Commenting for Glendale, Managing Director Nick Temple-Heald said:

"Our joint venture with TEG is part of Glendale?s strategic plan to develop its diverse suite of green services to Local Authorities and the Commercial sectors."

This new facility provides the opportunity to expand our recycling activities within the rapidly developing UK composting market and also provides the ideal location for Glendale?s Devon based ?EcoSci? green waste recycling operations." 

Commenting for TEG, Chief Executive Mick Fishwick said:

"This is a further significant step in the development of TEG.  Our joint venture with Glendale offers us the opportunity to both develop a new revenue stream and also to gain a foothold in the higher value horticultural sector, and to work with an expert and market leader in that area.  Verdia has an exciting future and we hope this is the first of many such plants to be developed over the coming years. "

"The construction of yet another TEG Silo Cage plant is a further endorsement of our technology and capabilities and we look forward to opening the first TEG plant in the South West region."