The Tees Valley plant, to be located at the New Energy and Technology Business Park, near Billingham will divert 350,000mt of non-recyclable waste per annum towards renewable energy generation.
Air Products chairman, president and chief executive officer John McGlade termed that the company’s decision to invest in advance gasification energy-from-waste technology, a natural extension of its onsite business model.
"This pioneering clean energy technology model is well-suited to these requirements, offering a sustainable solution to the UK’s waste management strategy," added McGlade.
The company has secured the environmental and planning approvals for the construction of the project expects the facility to enter commercial operation in 2014.
The project is expected to help the country meet its goal of diversifying its energy sources.
Commenting on the investment UK Deputy Prime Minister Nick Clegg said, "Air Products’ announcement reflects the UK’s commitment and support for clean energy, combined with our stable and transparent environment for investors."
