United Kingdom-based Stobart Energy, which converts scrap wood and byproducts to biomass fuel, has changed its name Esken Renewables.
The newly named company says it has long-term contracts in place to supply 1.7 million metric tons of fuel to biomass plants, “generating renewable energy equivalent to the annual domestic electricity needs of 2 percent of the U.K. population.”
“We are delighted to announce that we have changed our company name from Stobart Energy to Esken Renewables,” states the firm in a late April press release. “That new name reflects both our importance to our parent company, Esken, and our focus on supporting the U.K. circular economy by supplying renewable fuel across the country.”
The company says it is taking delivery of its rebranded trucks and trailers. The change of name follows parent company Esken’s decision to sell the Eddie Stobart and Stobart trademarks to Eddie Stobart Logistics for $12.7 million in 2020, according to Esken Renewables.
Comments Richard Jenkins, CEO of Widnes, U.K.-based Esken Renewables, “We will now share the name Esken with our parent company, reflecting our importance to the wider group. The name Esken is taken from an ancient British word that means ‘to ascend, climb and rise.’”
He continues, “We chose ‘Renewables’ because both our present and our future is focused on this important work; supplying renewable fuel to the U.K. Right now, we are the U.K.’s largest supplier of a critical renewable fuel – biomass. In the future, we aim to establish further opportunities to use our expertise and infrastructure to supply other types of renewable fuel.”