New plant fuels Welsh recycling company’s growth ambitions
An established Welsh recycling company has received a second
debt investment from Finance Wales which will provide the
Flintshire-based company with the development capital it needed to
install a state-of-the-art recycling plant and expand the range of
services it provides.
Paperback Collection & Recycling Ltd
(Paperback Recycling) has been salvaging and reprocessing
waste paper, card, polythene and plastics at its Deeside plant
Turnover has almost doubled since Paperback
Recycling received a £350,000 loan from Finance Wales in 2010 which
enabled it to install a new automated system to sort larger
quantities of recyclable waste.
Paperback Recycling is now expanding its core
services to take advantage of the emerging market for
refuse-derived fuel (RDF) in the UK.
The company has used Finance Wales’ latest
investment to purchase innovative new plant which will improve its
core sorting and storage business and also enable it to produce
“We’re aiming to continue developing our core
storage, salvage and reprocessing business but we also plan to
diversify into producing high-quality refuse-derived fuel or RDF.
Although the European market for RDF is now quite mature,
demand is just starting to take off in the UK and we want to
establish ourselves as a UK leader."
“Finance Wales’ first investment helped us
increase our capacity and we’ve used this investment to purchase
new plant to help increase our efficiency and break into a growing
new market. Finance Wales’ backing has been key to our
"The UK needs to achieve higher overall levels
of recycling and using our new plant we’re committed to achieving
ever higher rates of recyclate recovery as well as to making RDF
from remaining final residues,” explained Managing Director, Gordon
Turning waste into fuel is well-established in
Europe and is also set to increase in the UK. Shredding and
dehydrating allows thermal energy to be extracted from solid
refuse. It also drastically reduces the amount of waste sent to
landfill and costly waste exports.
Finance Wales Portfolio Executive, Allan Jones
who structured the investment has established a long-term
relationship with Paperback Recycling. He said: “Paperback
Recycling has been operating in the waste management and recycling
sector since 1995. It has invested heavily in its Deeside facility
since opening it in 2009 and now has the capacity to process large
volumes of waste. The company provides its growing client
base with a range of collection and recycling services and is
continuing to expand its presence in this market.
“Waste management is becoming a significant
global issue and changing the way waste is processed.
Legislation and high landfill taxes are driving growth in the
market for refuse-derived fuel market. Finance Wales’ latest
investment has enabled Paperback Recycling to gear up its
operations to take advantage of new market growth.”
Finance Wales’ investment in Paperback Collection &
Recycling Ltd came from the £150 million Wales JEREMIE Fund.