Plans for a 450,000 tonne per year materials recycling and recovery centre have been withdrawn by Powerday.
The company wanted to build the facility at The Old Coal Depot in West Drayton in West London, but its planning application was rejected by Hillingdon Council following a campaign by local objectors.
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Although Powerday had submitted a new environmental impact assessment ahead of submitting a new planning application, it has now decided to withdraw this assessment.
In a statement, Powerday said: “Powerday will in the immediate future be concentrating its business growth on its existing facilities across London where continued investment is being made.
“The company will now consider options for the Tavistock Road site and will in due course consult with Hillingdon Council, local residents and community groups together with existing occupiers and Network Rail.”