Blog: Dean BestSainsbury's invests in green energy start-up

Dean Best | 22 February 2012

UK retailer Sainsbury's has become an investor in Tamar Energy, a new firm looking to produce energy from anaerobic digestion.

Sainsbury's has joined the likes of The Duchy of Cornwall and Lord Rothschild in investing in the company in a bid to meet its targets on energy use.

Tamar was launched today (22 February) and its investors - which are spending over GBP65m to set up the business - hope it will build a network of over 40 anaerobid digestion plants in the UK.

Sainsbury's is putting up GBP2m and, despite the relatively low amount of investment, deemed it important enough to warrant an announcement to the London Stock Exchange.

"Sainsbury's is the UK's leading retail user of anaerobic digestion so we are delighted to be an investor and strategic partner of Tamar Energy," chief executive Justin King said.

The Sainsbury's chief said it would help its suppliers get access to Tamar's plants to reduce their own impact on the environment, which he said was vital part of the retailer's plans to become a more environmentally friendly operation.

"We will be working closely with our suppliers to ensure they have access to the new plants to help them reduce the environmental impact of their operations, a key strand of our 20 by 20 Sustainability Plan," King said. "With the support of our suppliers we are very confident that this new venture will be a success, helping build Tamar Energy into the UK's leading green energy company".


BLOG

UK consumers to cut back on fruit and veg - and point to Brexit, study says

Whatever your view on Brexit, a piece of research issued today (18 July) in the UK on fruit and veg consumption will likely unite more of you than last year's divisive vote....

BLOG

Cyber attack - another wake-up call for business

A month after an international cyber attack hit entities including the UK's National Health Service and Spanish telecoms giant Telefonica, another has caused havoc around the world, affecting business...

BLOG

A bad fortnight for self-regulation

Recent events in Canada, Brussels and the UK suggest the task of defending self-regulation as the best way to prevent the commercial activities by food companies from exacerbating childhood obesity is...

just-food homepage



Forgot your password?