Waste management firm Sita UK has pulled out of the race to win a contract on the South West Devon Waste Partnership (SWDWP), according to Materials Recycling Week.
SITA is one of three companies that were fighting for a position on the private finance initiative (pfi) which aims develop an energy-from-waste facility at the Devenport South Yard.
Commenting on the withdrawl, Sita development head Paul Gavin told the news provider the firm had not been able to find a solution that could "deliver the aspirations of all the parties" involved.
SWDWP project director Mark Turner added that he was "disappointed" Sita had to pull out of the procurement but that there are often problems faced with a project on such a large scale.
The 25 year pfi waste contract is worth an estimated £800m.
When complete the bioenergy site will help to maintain Devon’s high levels of recycling.
In 2007 the county achieved the third highest recycling rate in the country, reaching 50.5 per cent, according to government statistics.
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