Stobart on track to deliver 2 million metric tons of biomass fuel

By Erin Voegele | March 12, 2018

On March 8, Stobart Group released preliminary 2017 financial results and provided an update on the operations of its energy division, which supplies biomass fuel to European power plants.

According to Stobart, its energy division has successfully put in place a renewable energy fuel supply chain to supply 1 million metric tons of fuel to power stations in the U.K. While some of those power stations have experienced commissioning delays, Stobart said more plants are now coming on line. The company delivered biomass fuel at a run rate of 1.3 million metric tons per year in January and February and has contracts in place for an additional 800,000 metric tons per year of fuel once additional power plants become operational.

Stobart also operates aviation, air, rail and civil engineering, and infrastructure and investments divisions.

The company is expected to release its full 2017 financial report on May 10.