Distillery waste plant on course

CONSTRUCTION of Helius Energy’s waste-to-heat plant at Rothes, in Moray, is “on schedule and within budget” and it is due to start operating in the first half of next year, it emerged yesterday.

The Aim-quoted firm, in which shipping line heir Alastair Salvesen holds a 23 per cent stake, will burn waste products from whisky distillers to power an animal feed factory.

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News that the project is on course came as Helius – in which Perthshire investor Angus MacDonald holds a near-18 per cent stake and Stagecoach founder Ann Gloag nearly 5 per cent – narrowed its losses in the six months to 31 March to £644,000 from £956,000.

Chief executive Adrian Bowles said: “The Rothes project is now one year into construction and progressing well. This demonstrates our ability to develop, finance and deliver its projects.”