As part of the work undertaken by North East Biofuels http://www.northeastbiofuels.com/, Tees Valley Biofuels Ltd was formed to build and operate a vegetable seed processing plant on Teesside to support the biofuels industry. Farmway is an equity partner in Tees Valley Biofuels Ltd.
In May 2007 the Irish bioenergy firm Bioverda acquired a significant stake in Tees Valley Biofuels and now owns 50% of the company.
Plans are at an advanced stage to build the £47million plant on Seals Sands Teesside.
Tees Valley Biofuels expect the plant will be operational by 2009.
The plant will utilize indigenously supplied oil seed rape from partnership with local growers, and the biofuel will have a focus on sustainability and a low carbon footprint in order to meet the needs of the UK Renewable Transport Fuel Obligation (RTFO) which becomes effective in April 2008.
This will substitute diesel and will provide UK farmers with a new outlet for bioenergy crops, as well as assisting in meeting the UK’s climate change targets.
Reducing carbon in a biofuel supply chain - A biodiesel case study 2007
(Provided by the HGCA)