DIS Distil Plc

TIDMDIS

Distil PLC

16 November 2023

ARDGOWAN BREAKS GROUND ON GBP20M CARBON-NEGATIVE WHISKY DISTILLERY

Distil plc (AIM:DIS), owner of premium drinks brands RedLeg Spiced Rum, Blackwoods Gin and Vodka, TRØVE Botanical Vodka and Blavod Black Vodka, is pleased to note that Ardgowan Distillery Company Limited ("Ardgowan") has broken ground on the first phase of its GBP20 million (US$24.6m) whisky distillery.

Inverkeithing based Muir Construction will deliver the rst build phase which is expected to last 12 months and will see the completion of the distillery's main production elements, including core groundworks, steelwork, and distillation equipment, enabling Ardgowan to begin producing its own spirit from 2024.

The ambitious plans for the new net-zero distillery include cutting-edge technologies and partnerships with new technology developers to deliver a truly carbon-neutral spirit. The distillery has partnered with Heriot-Watt University and engineers Briggs of Burton to develop technology to capture all the CO in its fermentation process and transform it into green biomethane - a technique which has never been used in a Scotch whisky distillery before. The distillery has plans to use the green biomethane to heat both the whisky and gin stills.

Commissioning of the gin still has been delayed due to the need to change some of the instruments, however Distil is working closely with the Ardgowan team to monitor progress with the aim of distilling the first Blackwoods at Ardgowan as soon as possible.

Martin McAdam, CEO, Ardgowan, said:

"It's been almost seven years in the planning, but now, finally, we have started construction.

When embarking on this project, we wanted to take time ensure that we were able to partner with the highest calibre engineers and incorporate the very latest technologies to ensure that we were minimising our impact on the environment.

Muir has been integral in constructing some of the finest Scotch Whisky distilleries open today and are at the forefront of several pioneering Scottish sustainability projects. We welcome their expertise as we embark on the first major phase of our state-of-the-art distillery."

Don Goulding, Executive Chairman, Distil, said:

"We congratulate the team on reaching this significant project milestone. We know that a lot of diligent planning has gone into the project to get to this point, and we support the team's unwavering commitment to reaching its carbon-negative goals.

Blackwoods Gin will begin to be distilled at the Ardgowan site in the near future, marking another significant milestone, and we look forward to seeing the site evolve over the coming months."

Muir Construction, part of Muir Group, is established in distillery construction, previously working with a number of major distillery companies, including William Grant & Sons, Distell and Glenmorangie. They have also worked on a number of key sustainability projects, including the Queens Quay Energy Centre in Glasgow and Celtic Renewables.

About Reach announcements

Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute media only / non-regulatory news releases such as marketing messages, corporate and product information into the public domain. An RNS Regulatory announcement is required to be notified under the AIM Rules for Companies.

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.

END

NRAGPGMCGUPWGQA

(END) Dow Jones Newswires

November 16, 2023 02:00 ET (07:00 GMT)

Distil (LSE:DIS)
Historical Stock Chart
From Nov 2024 to Dec 2024

Distil (LSE:DIS)
Historical Stock Chart
From Dec 2023 to Dec 2024