Profits soar at Ringaskiddy incinerator bidder

The Belgian company seeking planning permission for a new €173m incinerator at Ringaskiddy in Co Cork last year increased its pre-tax profits by 10% to €11m.

Indaver Ireland has a planning application before Bord Pleanála for a waste-to-energy facility to treat up to 240,000 tonnes per year of residual household, commercial, industrial non-hazardous and suitable hazardous waste.

A decision on the Ringaskiddy incinerator project is due later this month. If Indaver secures planning permission it hopes that the facility will provide 320 jobs during construction and 63 when operational.