Further consultation launched on plans for proposed Riverside Energy Park in Belvedere

LONDON, 19 June 2018: Cory Riverside Energy (“Cory”), a leading recycling, energy recovery and resource management company, has launched a further public consultation on its plans for Riverside Energy Park.

Following an initial consultation that was held in May, Cory is now running this next and final phase of pre-application consultation from Monday 18 June to 30 July 2018, so that the public and local organisations have a further opportunity to learn more about the project and provide their views on the proposals before they are finalised.

The proposed Energy Park would complement Cory’s existing Riverside Resource Recovery Facility, which has been operating successfully on Norman Road since 2011. The Energy Park would integrate a range of technologies including waste energy recovery, anaerobic digestion (for local food and green waste), solar panels and battery storage.

If granted consent, Riverside Energy Park would enable Cory to convert even more of London’s residual (non-recyclable) “black bin” waste into low carbon renewable energy, particularly during times of peak usage. It would also provide the opportunity for heat to be exported to nearby homes and businesses and continue to convert the residual ash that is left over at the end of the process into construction materials useful for building London’s homes and roads.

Cory will be holding its latest series of public exhibitions at local venues, with a range of information and activities to help people better understand the proposals and have their say. Visitors don’t need an appointment and can just drop in at whatever time is most convenient.

Nicholas Pollard, Chief Executive of Cory Riverside Energy, said: “We’d like to thank everybody who took the time to come along to the public exhibitions we held in May this year and all those who gave us their views on our proposals. We really enjoyed sharing our exciting plans with the local community and were encouraged by a lot of the positive feedback we received.”

“We’ve now completed a number of technical studies that look in more detail at the project and explain what our approach will be to a number of key areas. This

includes our protection of local air quality, transport management and other environmental information. This is all being made available as part of this further consultation and we really want local people to come along, find out about all the extra information we’ve prepared and give us their views.”

As with its previous consultation, Cory will be holding a series of public events at the following times and locations:

Friday 6th July, 9am – 1pm
Belvedere Community Centre, Mitchell Close, Belvedere DA17 6AA

Friday 6th July, 4pm – 8pm
Slade Green & Howbury Community Centre, Chrome Road, Erith DA8 2EL

Saturday 7th July, 9am – 1pm
Belvedere Community Centre, Mitchell Close, Belvedere DA17 6AA

Saturday 7th July, 3pm – 6pm
The Leigh University Technical College, Brunel Way DA1 5TF

Tuesday 10th July, 4pm – 8pm
Slade Green & Howbury Community Centre, Chrome Road, Erith DA8 2EL

Thursday 12th July, 9am – 1pm
The Dartford Bridge Learning & Community Campus, Birdwood Avenue DA1 5GB

Thursday 12th July, 4pm – 8pm
Belvedere Community Centre, Mitchell Close, Belvedere DA17 6AA

Anyone who is unable to attend one of the public exhibitions but would still like to find out more about the proposed Energy Park, can view information and leave their feedback online at www.riversideenergypark.com

Alternatively, feedback can be sent by email to info@riversideenergypark.com or submitted via freepost to Freepost Riverside Energy Park. All comments are requested to be sent by Monday 30 July 2018. Cory will then consider the comments received as it develops its application for a Development Consent Order.

Anyone wanting more information can call on 0330 838 4254 (normal landline rates apply).

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For further information, please contact:

Camargue Toby Barker 01242 577277 – cory@camargue.uk

Ben Copithorne 0207 636 7366 – cory@camargue.uk

Notes to editors:

Cory forecasts that the Riverside Energy Park would:

• Generate up to 96 megawatts (MW) of low carbon renewable electricity at peak times, which taken together with the permitted capacity of 72 MW from the existing Riverside ERF is the equivalent of powering c.300,000 homes across London (almost 10% of London’s 3.2m households) • Divert a further 655,000 tonnes of residual waste away from landfill, which will save an additional 130,000 tonnes of CO2 each year • Make use of Cory’s existing river-based infrastructure on the River Thames to further reduce road traffic. At present, Cory’s use of the Thames as a “Green Highway” currently removes around 100,000 truck journeys from London’s roads every year. The new park would allow for a further 80,000 truck journeys to be removed. • Be capable of supplying up to 30MW of affordable heat energy to local housing • Create a further 175,000 tonnes/year of construction materials from the energy recovery process for use in building the south-east’s homes and infrastructure, avoiding the need for industry to extract an equivalent tonnage of natural stone. • Make a valuable contribution to local employment, with over 100 full-time jobs and apprenticeships set to be created at the energy park and on the river. The construction period is likely to require a workforce in excess of 6,000 people.

About Cory Riverside Energy:

• Cory Riverside Energy is one of the UK’s leading resource management, recycling, and energy recovery companies. The company developed, owns and operates the largest operating Energy Recovery Facility in the United Kingdom, processing London’s waste into electricity, metals and construction aggregates. • Cory was originally founded in London by William Cory and his sons, and has been navigating its fleet on the River Thames since 1896. • Cory’s Riverside Energy Recovery facility, at Belvedere, is fed by a unique river-based infrastructure along the River Thames, which uses tug boats and barges for delivering residual waste to the plant. • Cory currently works directly with seven London Boroughs including Hammersmith and Fulham, Kensington and Chelsea, Lambeth, Wandsworth, City of London, Tower Hamlets and Bexley. The company also holds a number of significant commercial and industrial (C&I) contracts.

• Independent Analysis from Tolvik Consulting shows that there is approximately 2.50Mt of EfW capacity serving London currently and an estimated shortfall in treatment capacity for London’s residual waste of up to 1,400,000 tonnes by 2030. • 2016 was a record year for Cory Riverside Energy, whose Riverside Energy Recovery Facility has enjoyed an exceptionally productive and reliable operating performance, running at its full permitted capacity since its commissioning trials. • 2016 highlights included: – 528 GWh of baseload renewable electricity generated; the equivalent of 160,000 homes powered – 753,000 tonnes of waste diverted from landfill – 100,000 truck journeys removed from London’s roads every year thanks to use of our infrastructure and lighterage fleet on the River Thames – 230,000 tonnes of carbon saved by not sending waste to landfill; – 200,000 tonnes of ash “upcycled” from the residual waste into construction aggregates – 10,000 tonnes of Air Pollution Control Residue recycled to create concrete building blocks used for home building.

For further information, please visit http://www.coryenergy.com/ or follow us on Twitter @CoryEnergy

A consortium comprising Dalmore Capital, Semperian PPP Investment Partners, Fiera Infrastructure and Swiss Life Asset Managers acquired Cory Riverside Energy in June 2018:

About Dalmore Capital:

• Dalmore Capital is an independent fund manager with offices in London and Edinburgh. It has over £4 billion of funds under management, largely from long term UK pension funds. Dalmore invests primarily in low risk infrastructure opportunities, including PFI/PPP projects, UK offshore transmission assets and regulated assets.
About Semperian PPP Investment Partners:

• Semperian is an open ended UK corporate investment vehicle, whose investors are primarily UK based pension funds in both the public and private sector. The Semperian Group has £1.65 billion of direct PPP equity investments whilst also having Infrastructure Asset Management and Consultancy services; delivered by directly employed, specialist expertise, across all main public infrastructure sectors.

• One of Semperian’s cornerstone investors, TFL Pension Fund, is also investing directly into Cory alongside Semperian. TFL Pension Fund has over £10 billion of funds under management.
About Fiera Infrastructure:

• Fiera Infrastructure is an investment firm specialising in infrastructure investments with offices in Toronto and London. It operates as a subsidiary of Fiera Capital Corporation (TSX: FSZ), a leading independent asset management firm with an AUM of c.C$131.4 billion. Fiera currently has approximately CAD $1 billion in assets under management through its interest in 38 infrastructure projects through various platforms.
About Swiss Life Asset Management AG:

• Swiss Life Fund Management (LUX) S.A. is the alternative investment fund manager (“AIFM”) of the infrastructure funds Swiss Life Funds (Lux) Global Infrastructure Opportunities (“SLFL GIO”) and Swiss Life Funds (Lux) Global Infrastructure Opportunities II SCS, SIF (“SLFL GIO II”), which are responsible for direct infrastructure investments. The AIFM and its group internal Swiss investment advisor have a dedicated infrastructure team of 12 professionals focusing on investments in infrastructure assets across OECD countries.
All shareholders have long term hold strategies.

 

Cory Riverside Energy has launched a further public consultation on its plans for Riverside Energy Park.