Yorkshire’s Catfoss Group snaps up Gateshead recycling facility
A Gateshead-based waste recycling facility has been sold to The Catfoss Group, a group of companies which holds manufacturing, construction and property development interests.
Working alongside their national Waste Management and Minerals team, Bilfinger GVA’s Newcastle Industrial Agency sold the facility at Derwenthaugh Eco Park to the Yorkshire-based group, on behalf of Graphite Resources.
Located to the west of the Metro Centre and adjacent to the A1 Western by Pass, the 115,000 sq. ft. facility initially opened in 2010.
The materials recycling and waste autoclaving site was the first purpose built facility of its kind in Europe, utilising steam autoclaving for the treatment of waste to create fibrous biofuel.
The area is designed to receive 320,000 tonnes per annum of municipal solid waste and non-hazardous commercial/industrial waste, used for steam sterilisation and segregation into recyclable materials.
Moreover, planning permission exists to construct two pyrolysis treatment plants, involving energy generation from the thermal treatment of waste, capable of producing up to 12MW of electricity for export to the National Grid, which is sufficient to power circa 10,000 homes.
Danny Cramman, Head of Industrial Agency at GVA Newcastle, said: “Whilst the property was of a specialist nature, a sale was secured on confidential terms within a few months months of being instructed, thanks to the expertise of our national Bilfinger GVA Waste Management and Minerals team with whom we worked very closely”.