Significant opportunities exist to process municipal and commercial & industrial waste, extract and recycle valuable materials within these waste streams and convert the remaining fractions as a raw material or as a fuel for energy generation. Much of this fuel is currently exported and at Foresight, we have been keen to support efforts to build appropriate scale domestic power plants to use this resource.
For example, significant progress has been made in extracting plastic bottles from municipal waste, with most UK councils now providing kerbside collection of plastic bottles, alongside other dry recyclables such as paper. There is substantial opportunity to increase collection and recycling of plastic film and other mixed plastics and we have been at the forefront of these efforts where commercially attractive.
Foresight is invested in Oakleaf Recycling Ltd, a Material Recycling Facility (MRF) in Stanwell Moor West London, with a waste processing capacity of around 120,000 tonnes of Commercial and Industrial (C&I) waste per annum.
JLEN has invested in municipal waste management and wastewater treatment projects based in the UK including Tay Waste Water Treatment, East London Waste Authority and Dumfries and Galloway Waste Management, with 72,000m3 per day waste water capacity and c. 500,000 tonnes per annum of waste processing between them. All of JLEN’s projects are structured on a concession payment basis with Local Authorities as the contractual counterparty. Revenues received by the projects are closely correlated to RPI and carry limited volume risk.