Green technology company, Teg Environmental, has won an 11 year contract for the rights to take over and develop a composting operation at a waste management site in Perthshire, Scotland.
The company, which converts organic waste into natural organic fertilizer, expects to generate immediate revenues of over £1 million per annum through the contract.
Set to grow considerably, the operation is already one of the largest animal by-product composting operations in the UK and the only one in Perthshire.
Teg chief executive Mick Fishwick said the new equipment will "ensure the operation remains compliant with all environmental legislation planned in the near future and that this part of Scotland can treat its organic waste in a safe, cost effective way which is environmentally sound and sustainable".
The contract will commence on August 29 with the Teg Silo Cage plants installed soon after and fully operational by early 2006.