With news on: t2e sees millionth tonne of PRNs traded in 2020; Close Brothers funds Cheshire-based IVC; Suez donates £100,000 to Greater Manchester Mayor’s Charity; and, Slicker Recycling acquires RE:Group.
t2e sees millionth tonne of PRNs traded in 2020
The millionth tonne of packaging recovery notes (PRNs) exchanged through the t2e trading platform in 2020 was traded on 24 June.
The Edinburgh-based Environment Exchange says it has reached the milestone 46 days earlier than it did in 2019, when it did so on 9 August.
Graph showing on which date the millionth PRN was sold on the t2e platform during the last few years (picture: t2e)
Angus Macpherson, managing director of t2e, said: “This is a tremendous achievement under difficult circumstances not only for all at t2e but also the entire recycling and compliance industry.
“The introduction of the new 28-day rolling market has been a success with over 39,000 tonnes traded since its launch on 1 June 2020. Thank you to everyone for their support.
“While the relaxation of lockdown will undoubtedly make life easier for many, there is still a long way to go before this compliance year is complete.
“We look forward to continuing to be of service to the PRN market during the testing times ahead.”
The Environment Exchange was founded in 1998 to provide a transparent trading platform where members could trade PRNs.
More than 1.7 million PRNs were exchanged on the platform in the 2019 compliance year.
Close Brothers funds Cheshire-based IVC
Close Brothers Asset Finance has provided funding for Hull-based waste management firm Biowise Ltd’s in-vessel composting (IVC) facility, built to treat organic waste on behalf of Cheshire East council.
The IVC plant allows for the annual collection, processing and recycling of up to 75,000 tonnes of residual food and garden waste.
Waste management firm Biowise Ltd is based in Hull (picture: Close Brothers Asset Finance)
Close Brothers says more than 95% of the waste inputs is recycled into BSI PAS 100 certified compost for use in horticultural, agricultural and landscaping markets, while the remaining 5% is recycled or sent for energy recovery.
Paul Hindle, sales director for Close Brothers’ recycling division, said: “We have a great track record with Biowise, having worked with them since 2014 when we funded their first GICOM IVC, followed in 2016 by an addition to the plant in the form of an aerated floor system.
“Our close relationship and mutual understanding led us to go the extra mile to support Biowise and resulted in us funding both the IVC and AFS in a five-year deal, with the site completed in February 2020 and handed over to Cheshire East borough council.”
Mr Hindle says the deal took two years to complete thanks to its complexity and the number of stakeholders involved.
Suez donates £100,000 to Greater Manchester Mayor’s Charity
SUEZ recycling and recovery UK has made a £100,000 donation to the Greater Manchester Mayor’s Charity, of which £50,000 will be put immediately towards the charity’s Covaid-19 Appeal.
Launched by Greater Manchester mayor Andy Burnham and the Manchester Evening News, the appeal provides support to those most in need because of the coronavirus pandemic.
Andy Burnham is the mayor of Greater Manchester (picture: Shutterstock)
Tim Heatley, chair of the Greater Manchester Mayor’s Charity, said: “This is a moment of real challenge for a lot of people in Greater Manchester, and the Covaid-19 Emergency Appeal has seen so many individuals and organisations right across our city-region pull together to support some of the most vulnerable in our community.
“This donation from SUEZ to the Mayor’s Charity is a great contribution to that effort.”
Through its waste management contract with the Greater Manchester Combined Authority (GMCA), SUEZ has made a commitment to donate £100,000 to the Greater Manchester Mayor’s Charity every year.
John Scanlon, SUEZ’s chief executive, said: “Delivering social, economic and environmental benefits for the people of Greater Manchester is central to our work with GMCA, and I’m delighted to be making the first of SUEZ’s annual £100,000 donations to the Greater Manchester Mayor’s Charity.”
Slicker Recycling acquires RE:Group
Hazardous waste management company Slicker Recycling has acquired Hull-based waste oil collection and processing firm RE:Group.
RE:Group provides waste oil collection and processing, industrial services and advanced fuel manufacturing.
Slicker Recycling claims to be the UK’s largest collector and processor of waste lubricating oil
Mark Olpin, managing director of Slicker Recycling said: “The acquisition of RE:Group is an excellent strategic fit, increasing our UK storage capacity, geographic reach, export options, innovative process capabilities and new products and services to offer our customers.
“Re:Group is a solid well-run business and we are extremely excited by the opportunities this acquisition provides.”
Slicker Recycling says RE:Group will continue to operate as usual as it is integrated into the group of businesses owned by the hazardous waste management company and its own parent company, Greenbottle.
RE:Groups’ managing director Paul Waine will remain with the business and has joined the board of Greenbottle.
He said: “Slicker Recycling has in recent years invested significantly more in this sector than anyone else, so the chance to integrate RE:Group and also play a part in the continued growth story is a fantastic opportunity.”
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Source: letsrecycle.com Waste Managment
