British Airways, Solena Plan to Create 1,200 London Jobs at Biofuels Plant
by Alex Morales (Bloomberg) British Airways Plc and Solena Group Inc. plan to build a waste-to-biofuels plant in east London, creating 1,200 jobs, sending less trash to the landfill and reducing jet emissions of greenhouse gases.
Solena, which will spend as much as $300 million on the site, has identified two potential locations near Dagenham, east of London, Solena Chief Executive Officer Robert Do said in an interview at the Farnborough Air Show in southern England. About 1,000 construction jobs will be created, with 200 employees needed to operate the factory, he said.
…Subject to planning consent, construction east of London is scheduled to start next year, with biofuel production beginning in mid-2014, Do said. The company is in talks with banks, private equity companies and pension funds to finance the project, he said. READ MORE and MORE (The Independent)
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