Iona invests in new animal by-products processing facility

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

The 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 EPC contract and operated under an 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.