The new development will initially produce 50,000 tonnes of smokeless fuels each year and has the capacity to double the output to over 100,000 tonnes each year.
Stafford Fuels is also developing a new fuel at the plant that combines biomass with traditional fuel which reduces greenhouse gas and air emissions.
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The new facility will create six new permanent jobs as well as securing the 35 existing jobs on site and supporting a further 20 support jobs in transport and maintenance.
Andy Maher, Managing Director of Stafford Fuels said: "We are delighted to be opening our new state-of-the-art plant here in Raheen which will see us expand our range of products for customers across Ireland. This is a significant investment by Stafford Fuels and demonstrates our commitment to operating in the South East for the long-term. This new investment marks another important step towards a sustainable future for Stafford Fuels which has been operating in the South East for over 125 years."
(CD)
