EDF and Covarrubia Energy UK to turn hard-to-recycle plastic waste into low-carbon energy
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Covarrubia and EDF have launched a new strategic partnership to accelerate the development and commercialisation of low-carbon energy projects in the UK through circular power from hard-to-recycle plastic waste.
The partnership will focus on utilising Covarrubia’s proprietary pyrolysis technology, to convert hard-to-recycle plastic waste into low-carbon synthetic gas, supporting the circular economy and reducing landfill.
Covarrubia’s innovative circular energy solutions will be combined with EDF’s market knowledge and network, hoping to deliver reliable, low-carbon energy.
Under a long-term agreement, Covarrubia will lead the acquisition, development, and operation of up to 5GW of renewable energy generation projects, with EDF Wholesale Market Services serving as a strategic partner.
EDF will provide comprehensive routes to market, they say in a release, while supporting the commercial deployment of these projects.
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Commenting in a release was Lee Hounsom, chief executive officer of Covarrubia Energy UK: "This partnership represents a transformative opportunity to advance reliable renewable energy development while addressing critical waste management challenges.”
Covarrubia Energy UK, a subsidiary of US-based Covarrubia Energy LLC, is a company incorporated in Scotland that will develop pyrolysis facilities in the UK and Western Europe with the proprietary technology of its affiliate, which can produce renewable natural gas from plastic.
The company provides engineering, design, project development support services, equipment supply and long-term operational services for electric power generation and storage systems and support of decarbonisation technologies.
Said Hounsom: "By combining our innovative pyrolysis technology with EDF's market expertise, we've created a sustainable energy solution that benefits both the environment and the economy.”
Hounsom cited Corravubia’s consulting advisors and partners, including Consultus and Hogan Lovells, who brought the partnership to fruition.
Christopher Dalley, director of Wholesale Market Services at EDF added: “EDF is committed to supporting the transition to a low-carbon future, and this collaboration with Covarrubia Energy UK aligns perfectly with that mission.
“By leveraging our deep expertise in energy trading and market access, we’re enabling the commercialisation of low-carbon synthetic gas solutions that not only help accelerate the UK’s journey to net zero, but also support the principles of a circular economy.”
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