Site transformation
The Port Clarence facility, which has remained dormant since 2019, will be converted from a biomass plant to process RDF, addressing a critical need for processing residual waste within UK waste infrastructure. The conversion will transform what had been a series of stalled development attempts by previous operators into operational infrastructure.
The facility will process up to 320,000 tonnes of residual waste per annum under a 10-year 270,000 tonnes fuel supply agreement with N+P, with fuel sourced from their Hartlepool facility and strategic supply chain partners. This will significantly reduce both landfill disposal and the export of waste materials.
Project delivery and timeline
With construction over 90% complete, the project benefits from existing grid connections and all required environmental consents are already in place. The conversion is expected to be completed within 18 months, with first waste anticipated in Q4 2026 and full operational capacity by Q1 2027.
Economic impact
The project will create over 30 long-term skilled positions during the operational phase, with local contractors including Eastgate Engineering and BrandSafway already engaged in supporting the conversion works. The facility will contribute baseload renewable energy generation to the national grid, supporting UK energy security objectives.
Financial flexibility and future growth
Unlike many competitors operating under restrictive institutional investor mandates, Vital Energi’s Nordic Bond structure maintains financial flexibility for future strategic investments and partnerships.
“This financing approach allows us to continue pursuing opportunities that align with our growth strategy while maintaining the ability to work with diverse funding partners on future projects,” added Ashley. “As we approach our 25th anniversary, this represents both a culmination of our journey and a platform for continued expansion.”
The transaction was completed with legal advisory support from Squire Patton Boggs, DLA Piper, and Thommassen, with operational partnerships including N+P and Able Ports.