TEG is the exclusive supplier of in-vessel composting technology to the Viridor-Laing consortium, which is celebrating preferred bidder status for the largest waste management PFI contract ever offered in Europe. Assuming the consortium achieves expected financial closure TEG will receive an order to supply all the in-vessel composting capacity required for the GMWDA contract.

TEG is expected to build four plants as part of the consortium, over the period from 2007 to 2010.  The combined capacity of the plants will be 180,000 tonnes per annum, producing 125,000 tonnes of compost product per annum.  The plants will all process green waste and kitchen waste collected from households in the Greater Manchester region.  Depending upon the final scope of supply, the total value of the construction projects to TEG will be up to £35m over the period 2007 to 2010.   

The PFI contract is the largest waste management contract offered to date in Europe.  Total capital investment will be in excess of £300m and the overall contract value is projected to be around £3bn.  In addition to composting, the scope of supply for the consortium includes anaerobic digestion, mechanical biological treatment, material recycling facilities and waste transfer operations.  Costain Limited has been retained to manage the construction projects on behalf of the consortium and will be TEG's immediate customer.

Chief Executive of TEG Group, Mick Fishwick, said: "We are absolutely thrilled to be part of the consortium that has been chosen as preferred bidder for such a landmark contract and we are looking forward to working with companies with the prestige of Viridor, Laing and Costain.  This is a major achievement for TEG; to be part of such a huge contract is a tremendous leap forward for us and it establishes us once and for all as one of the leaders in the composting and recycling sector.  Quite apart from the contracts, worth up to £35m over 2 to 3 years, this is also a huge endorsement for the TEG technology and our ability to deliver major projects.

"GMWDA has a tremendous vision for waste management in the region and as a local company TEG is proud to be a part of it."