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Global Renewables PFI contract closure expected this year

Global Renewables confirmed that full financial closure of its 25-year PFI contract with the Lancashire Waste Partnership was expected by the end of the year.

The £2 billion deal will see Global Renewables design, install and operate an integrated network of waste management facilities for the sorting, recycling, mechanical and biological treatment and composting of household waste, with a processing capacity of about 600,000 tonnes a year.

A subsidiary of Australian company GRD, the company will use its Urban Resource Reduction, Recycling, and Recovery (UR-3R) process, already in use at its Eastern Creek facility located in Sydney.

While Global Renewables is interested in other UK waste management contracts that are coming up for tender, a spokeswoman said it was unable to reveal any potential bids at this stage.

As well as the processing infrastructure, the contract will include long-term programmes for waste minimisation such as environmental education programmes for schools and community engagement.




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