Kildare biomethane plant goes into receivership
The biomethane plant in Nurney, Kildare
A Kildare biomethane plant has gone into receivership.
The state-owned Irish Strategic Investment Fund have appointed KPMG as receivers to Clonbio Green Gas Ltd, trading as Green Generation in Nurney, at the company’s invitation.
The business, which employs more than 50 people, owes the state investor €12 million, which is secured against its assets according to the .
Billy Costello, director and co-founder, said Green Generation had found it increasingly difficult to compete against cheap biofuel imports from China and southeast Asia while also questioning the government’s approach to the sector.
Green Generation produces biomethane gas from farm waste, but businesses seeking to comply with government regulations, including the renewable transport fuel obligation, opt for the cheaper imports.
