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Biomass key to ambitious 2018 profit target
Thursday 03 Nov 2016 Author: William Cain

Engineering and infrastructure play Stobart (STOB) says it is on track to deliver 2m tonnes of waste wood biomass fuel by 2018.

Biomass is a key part of Stobart’s aim to deliver £40m in earnings before interest, tax, depreciation and amortisation (EBITDA) from its Energy and London Southend Airport assets by 2018.

Stobart, which also owns a 49% stake in the logistics business of the same name, aims to produce 50% of the biomass it is under contract to supply through its own facilities. Plant is under construction in Widnes, Tilbury, Yorkshire and the North East.

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