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Iona Capital invests in new animal by-products processing facility

In the UK, Iona Capital Ltd, a leading environmental infrastructure investor, has announced the successful completion of an investment into Haworth ASL Ltd, a joint venture company with Agritec Systems Ltd (ASL).

According to Iona, the joint venture company will build and operate a new animal by-products processing facility. The facility will be co-located with one of the UK’s leading chicken abattoirs and process all of the abattoir’s CAT3 material under a long term supply contract.

The facility will be built under an engineering, procurement and construction (EPC) contract and operated under an operations and maintenance (O&M) contract by ASL. The outputs will be sold into the well-established animal feed, petfood and oleochemicals markets.

Construction and commissioning is expected to take 12 months with completion expected in September 2019.

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