Energy from waste company Sterecycle is planning to list in Toronto to benefit from Canada’s strong green energy sector.
Sterecycle, which runs an autoclave plant at its Rotherham base in South Yorkshire, is expanding its facilty to treat up to 175,000 tonnes of domestic, commercial and industrial mixed waste per year. It already has a fund of £19m for further growth and is looking for more investment.
Chief executive Tom Shields said that there was good synergy between the eight year-old company and Canada.
“We already have Canadian investors and are well connected there,” he said. “The sentiment in the country towards our type of company and the sector is strong. We have recenlty expanded in Rotherham and we own a site in Cardiff with planning permission so we want to develop that. Being a public company will allow us to go to the market for funding.”
The company is going through due diligence and is expected to be listed in the next few weeks.