North East recycling plant gains backing from global energy giant
A North East waste tyre recycling plant due to open in 2023 has secured the backing of a global energy giant.
Wastefront is a Norwegian Government-backed energy startup which announced plans to open its first UK plant at Port of Sunderland in August 2020. It has since secured a 10-year deal to supply energy giant Vitol.
The plant will recycle locally-sourced end-of-life tyres and convert them into commodities which can then be reutilised as alternative fuel or ground rubber manufacturing.
Christian A. Hvamstad, Wastefront’s director and co-founder and an alumnus of the University of Sunderland, commented: “Our ambition is to create a new circular economy for dealing with waste issues, and partnering with Vitol in this offtake agreement is a key step in our journey.”
Christian continued: “Both Vitol and Wastefront teams have been cooperating closely in the development and configuration of the first plant in Sunderland to ensure it adheres to the current market climate and environmental standards.”
Chris Bake, head of organisation at Vitol, added: “We are pleased to be partnering with Wastefront as they implement their proprietary technology to produce sustainable energy products, with a reduced environmental impact.”
Construction on the plant is due to begin in 2021, generating around 100 jobs in the North East, while 30 full-time staff are expected to be employed when Wastefront is fully up and running in 2023.
Councillor Graeme Miller, leader of Sunderland City Council, said, “Sunderland is targeting businesses in the new green economy, as we look to become an ever-more sustainable city, so this is welcome news that will secure and underpin the new jobs Wastefront is bringing to Port of Sunderland.”
Looking to promote your product/service to SME businesses in your region? Find out how Bdaily can help →
Enjoy the read? Get Bdaily delivered.
Sign up to receive our daily bulletin, sent to your inbox, for free.
        
        
        
        
        
        
        
                Confidence the missing ingredient for growth
            
                Global event supercharges North East screen sector 
            
                Is construction critical to Government growth plan?
            
                Manufacturing needs context, not more software
            
                Harnessing AI and delivering social value
            
                Unlocking the North East’s collective potential
            
                How specialist support can help your scale-up journey
            
                The changing shape of the rental landscape
            
                Developing local talent for a thriving Teesside
            
                Engineering a future-ready talent pipeline
            
                AI matters, but people matter more
            
                How Merseyside firms can navigate US tariff shift