A Cork company which specialises in converting waste to energy is to build a €45m gasification plant at Enfield in North London.
Kedco, based at Portgate Business Park, Monkstown, was founded in 2005 by William Kingston, Donal Buckley, Edward Barrett and Diarmuid Lynch.
Construction work on the project is due to start next month and take 18 months to complete.
Enfield Council has given the go-ahead for the scheme which involves converting 60,000 tonnes of waste wood a year into energy.
The Kedco Group focuses on green energy production in the UK, and Ireland.
The company expects that the plant will generate €9m before interest, taxes, depreciation, and amortisation are taken into account.
Non executive chairman William Kingston from Toureen, Skibbereen is one of the best known dairy farmers in the country.
He is president of the Irish Grassland Association (IGA), a body focussed on research and dissemination of information to the Irish agricultural industry.
He was a board member of the Food Safety Authority of Ireland from 2002 to 2006 and the West Cork Leader from 2005 to 2007.
Prior to his involvement with the company, chief executive Donal Buckley was a divisional manager with South West Farm Services (SWS), a company specialising in wind energy.
He graduated from UCD in 1997 with a degree in Agricultural Science.
Edward Barrett established International Livestock Genetics Limited, an Irish importer and distributor of bovine genetics based in Cork and has been managing director since 1993.
He is a director of Platinum Asset Management Ltd, an investment company specialising in the renewable energy sector.
Diarmuid Lynch operates one of the largest dairy farms in the country in Cork.
From 1998 to 2000 he served on the board of the Blackwater Trading Company, a group involved in the procurement of agricultural inputs, services and feedstock on behalf of farmers in the Blackwater region.
Article courtesy of The Evening Echo newspaper.
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