The company is being considered for a 25 year deal with Neath Port Talbot Council to process 160,000 tonnes per annum and is in the running for a five year contract with Bradford District Council. This would see it tackling 100,000 tonnes of residual black bag waste each year.
Commenting on developments, Sterecycle chairman Andy Hinton said: To be short-listed for these two high profile contracts is firm recognition of Sterecycles presence in the UK market and the quality of our offering. We are very pleased to be in advanced discussions with such progressive councils.
It has developed an advanced recycling system for unsorted household waste that incorporates a steam process to produce a high biomass fibre. This process is said to be highly resource efficient with a low carbon footprint.
With offices in London and Manchester, the company has shown its ambition by securing equity financing from leading environmental investors including Goldman Sachs International, Impax Group, and Ailsa3 Ventures.
In 2005, Bradford realised that the typical waste procurement process would be too slow for them to secure their landfill allowance trading scheme targets and therefore took the innovative step of advertising for an interim five year solution.
With our first UK plant almost complete, councils around the UK seem increasingly attracted to this cost effective and clean steam treatment process that recycles metals, plastics and glass, as well as a pure biomass, added Hinton.