ALKANE, the methane gas to power specialist, will significantly boost its output after agreeing to buy Maltby Colliery. It will buy the coal mine methane assets of Maltby Colliery for up to £7.5m.
Deal: Neil O’Brien, left, chief executive officer, and Stephen Goalby, finance director of Alkane
Alkane has struck a deal with Hargreaves Services paying £5.5m initially and up to a further £2m on the full closure of the pit in the first half of next year.
Alkane is a specialist in the capping of former mines and extracting the environmentally damaging methane which is converted into usable energy.