Member Article

Hull oil recovery firm fuelled by £2 million strategic investment

Hull-based oil recovery and fuel manufacturing firm RE:Group UK Ltd. is set for further growth after an investment of nearly £2 million.

RE:Group UK Ltd collects and processes oily waste and manufactures environmentally sound industrial fuels.

It is commissioning an innovative processing plant at new premises on Air Street in the Sculcoates area of the city.

Supported with a significant grant from the Humber Local Enterprise Partnership’s Growing the Humber fund, the investment has, to date, created five new jobs.

A further 19 posts expected to be created over the next two to three years as the plant’s production capacity is developed.

The new environmentally friendly process will improve the processing of waste oils, by facilitating a far greater recovery rate, removing the need for the use of chemicals and providing a more commercially competitive product.

The plant will be commissioned in the first quarter of 2015.

The company currently handles more than 50 million litres of marine and industrial oil each year and sells advanced fuels under its RE:Fuel brand to sectors such as brewing, food production, aggregates and abattoirs.

Managing director Paul Waine said: “This is a significant and strategic investment for RE:Group giving us the increased capacity to develop our customer base through providing innovative hydrocarbon based products.

“We are grateful for the support we have received from both the Humber LEP and our bankers Lloyds in funding this exciting development.”

“We are a technology-led business with innovation in processing, manufacturing and product development being a central element of our strategy. Our UKAS-accredited in-house laboratory facilities allow us to stay one step ahead in a highly competitive market.”

This was posted in Bdaily's Members' News section by Clare Burnett .