A company controlled by Irish businessman Bill McCabe has signed a €200m deal to convert waste into fuel in the US.
Bio-energy technology company Bedminster International's 25-year agreement is with New York construction company Tully Environmental and Petruzzo Products.
Petruzzo will provide a site in upstate New York for the facility, which will treat 400 tons of organic material a day from New York City using Bedminster's technology.
Mr McCabe said Bedminster was already considering a second site near Manhattan. The company's technology uses a biological process to convert waste into a bio-fuel which it says has the same energy value as peat and brown coal.
Mr McCabe's investment fund Oyster Technologies bought the worldwide rights to the Bedminster technology in 2003. Mr McCabe was chairman of former e-learning group SmartForce.
