Renewable Energy, Caterpillar to Build Cooking Oil Power Plant
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Renewable Energy Generation Ltd., a developer of low-carbon assets backed by BlackRock Inc., plans to build a facility with Finning U.K. Ltd. and the finance arm of Caterpillar Inc. to provide power from waste cooking oil.
The plant in Yorkshire, northeast England, will cost 6.3 million pounds ($10.4 million) and have a capacity of 18 megawatts, Guildford, Surrey-based REG said today in a statement on its website. Finning will design, build and maintain the project that will use fuel from recycled waste cooking oil to generate electricity.