Cory Riverside Energy

Wednesday 06 January 2021 – Media Release

Cory Riverside Energy and Canary Wharf Group Agree Waste Disposal Partnership

Cory Riverside Energy (‘Cory’) has signed a contract with Canary Wharf Group to receive both residual waste and dry mixed recycling (DMR) produced on the Canary Wharf estate.

The contract, which commenced on 1 January 2021, will last for an initial 12-month period. Cory will process all non-recyclable, residual waste created on the Canary Wharf estate at its energy from waste facility in Belvedere and convert it to baseload energy. Meanwhile, DMR will be transported to Cory’s Materials Recycling Facility in Wandsworth, where it will be sorted and sent for recycling.

All waste and recyclables from Canary Wharf will be loaded on to Cory’s barges at the Northumberland Wharf Transfer Station and transported by river. Overall, Cory’s use of the Thames to transport London’s waste saves 100,000 truck journeys a year, making London’s streets cleaner and safer for other road users.

Commenting on the contract, Dougie Sutherland, CEO of Cory Riverside Energy, said: “We’re delighted to work with the Canary Wharf Group to process their residual waste and DMR and to ensure that this is done within London’s boundaries. This is a great contract for Cory, and I look forward to the future of our partnership.”

Phil Tweddle, Managing Director – Operations Infrastructure, Canary Wharf Group, said: “The Canary Wharf estate aims to be as sustainable as possible. Appointing Cory to dispose of our residual waste and dry mixed recycling is a natural extension of this ambition. It’s good to know that our waste is being put to good use, and helping to power the city that we are based in.”

ENDS

For further information, please contact:

Press Office
Canary Wharf Group plc
T: 020 7418 2166
E: pressoffice@canarywharf.com

Notes to Editors:

About Cory Riverside Energy:

  • Cory Riverside Energy is one of the UK’s leading resource management, recycling, and energy recovery companies.
  • Riverside is one of the largest operating Energy from Waste facilities in the United Kingdom, with a unique river-based infrastructure on the Thames for delivering waste.
  • The company currently works directly with seven London Boroughs including Hammersmith and Fulham, Kensington and Chelsea, Lambeth, Wandsworth, and Bexley. Tower Hamlets and the City of London
  • Key statistics from 2019 include:
    • 742kt of non-recyclable waste was diverted from landfill, saving 148,000 tonnes of CO2 from being released into the atmosphere.
    • 304GWh of baseload energy produced, equivalent to powering 92,000 homes
    • 18kt of air pollution control residue (APCR) was treated.
    • 69kt of recyclable waste was sorted and sent for recycling

£138.1m revenue was made in 2019, with £66.8m in profit (before tax).

About Canary Wharf Group:

Canary Wharf Group (CWG) has overseen the largest urban regeneration project in Europe and is a private real estate company that develops, manages and currently owns interests in approximately 7.5 million square feet of office space, 0.9 million square feet of retail and over 500 Build to Rent apartments.

The company’s current £2.4 billion construction activity is composed of 500k square feet of commercial properties and over 1,750 new homes, for sale, for rent, intermediate and affordable. The development pipeline includes a further 4.8 million square feet of secured planning, with a further planning opportunity for North Quay of 2.5 million square feet.

CWG is an industry leader in sustainability including purchasing 100% renewable electricity for the Estate since 2012 and zero waste going to landfill from the managed Estate since 2009. CWG is now the largest sustainable developer in the UK with over 10 million square feet of sustainable certified buildings.

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