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Recycling firm favours merchant route over PFI

Waste management company Graphite Resources has reached financial closure on its £50 million autoclave plant in Tyne and Wear.The Derwenthaugh Ecoparc site will be situated south of the River Tyne. The steam autoclave recycling plant will take in municipal waste and have the capacity to process more than 400,000 tonnes per annum.Unlike many waste firms which have taken the private finance initiative (PFI) route the owners of the site, directors William and Michael ...