A business which creates fuel from waste is to create 10 new jobs after securing £300,000 from Lancashire’s Rosebud Finance.
The Lancashire Waste Recycling plant at Fleetwood takes waste destined for landfill and turns it into fuel which can be used by manufacturing plants and power stations.
The £6m plant was opened in 2013 by engineer Jim Entwisle and businessman Paul Mellor and has already created 15 jobs. It is the largest of its type in the North West and one of only a handful of such plants in the country.
Currently, most of the fuel produced goes to Hanson Cement. However, the two owners plan to open up a further four plants around the UK and expand their customer base to sell to other industrial users and to energy-from-waste plants. The new funding will pay for new processing features to improve efficiency.
Paul Mellor, managing director, said: “We truly believe in what we are trying to achieve here at Lancashire Waste Recycling. We take pre-sorted waste, that has had all recyclables removed, that would have been destined for landfill. We then reprocess this material into a fuel that can be used as a replacement to fossil fuels. We have invested heavily in the best processing equipment and the Rosebud investment will allow us to make further improvements. We aim for zero landfill and to be the number one for alternative fuels”.
Paul Taberner of Enterprise Ventures which manages Rosebud, said: “Lancashire Waste Recycling provides an innovative solution to tackling the problem of waste, while at the same time producing a more environmentally friendly alternative to fossil fuels.
“By making further improvements to the current plant, the company is developing a model that it could roll out throughout the country.”
Rosebud is a finance package supporting Lancashire firms to grow and expand their business. It is managed by Enterprise Ventures, for Lancashire County Developments - the county council’s economic development arm.
County Coun Niki Penney, chairman of LCDL, said: “We’ve identified the energy and environment sector as one of our priority sectors which could deliver high business growth in Lancashire.
“Lancashire Waste Recycling is an example of how, with investment, new businesses can be launched and contribute towards a more sustainable economy.”