 Administrators say 40 people have expressed an interest in the plant |
The UK's first dung-driven power station in north Devon could become the subject of a management buy-out. Holsworthy Biogas, which opened in July 2002, has gone into administration because of debt obligations and has been put up for sale.
Administrators say they have already received more than 40 expressions of interest in the company, and managers say they may try for a buy-out.
The plant, which employs 13 people, has won several environmental awards.
'Promising future'
It is being sold by BDO Stoy Hayward, but it will stay in production until a new buyer is found. The farmers who supply the plant say it produces an excellent fertiliser and are optimistic the plant has a promising future.
One of the farmers, Willy Ley from Sutcombe, said he was confident a buyer would be found, because he believed the plant was the way forward.
"I would think a buyer would be found very quickly. I am optimistic something will happen," he said.
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