Business briefs: From food waste to power for business

A POWER plant in Perthshire that uses bacteria to turn food waste into methane gas has produced its first electricity.

Aim-quoted TEG Group built the plant – which is a joint venture with London-based Albion Ventures – to produce electricity for its adjacent composting plant, with spare energy being sold on to the national grid. Once commissioning is completed, the facility will process 16,000 tonnes of food waste a year, generate up to 700KW of power and produce 200KW of heat, which will be sold to the nearby Binn eco-park.

Craig grows HQ as staff numbers rise

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Craig Group, the Aberdeen-based shipping and energy business, has invested £400,000 in extending its headquarters in the city to accommodate additional posts created as a result of a fleet expansion.

The firm, which recently reported an increase in turnover to almost £112 million and a 50 per cent hike in profits, said its fleet – operated by North Star Shipping – now stood at 31 vessels. A further six are under construction. Boss Douglas Craig said: “This extension was necessary to accommodate the additional jobs… and allow for future expansion.”