North East recycling plant secures backing from US sustainable energy specialist
The company behind a new North East tyre recycling plant has secured its latest delivery partner.
Norwegian waste tyre recycling company Wastefront AS, which is set to launch a new plant in Sunderland, has today signed an exclusive long-term project delivery partnership with US sustainable energy specialist Devaltec LLC.
Devaltec will act as Wastefront’s primary strategic partner and will co-lead the development of all upcoming projects for the next five years, including the company’s tyre recycling plant being constructed at Port of Sunderland which is due for completion in 2023.
Inge Berge, CEO and co-founder of Wastefront, explained: “Wastefront’s ambition is to become a world leader in tyre recycling, building a profitable growth company while at the same time solving a global environmental problem.
“In order to achieve this, we will partner with the very best in the industry. We believe Devaltec’s industrial background and project experience will play a key part in realising Wastefront’s potential, so I’m excited to be able to announce this strategic partnership.”
Vianney Valès, CEO of Devaltec, commented: “Wastefront has built solid foundations to be an international leader in the recycling of wastes into valuable products.
“Devaltec is looking forward to this exclusive project delivery partnership. It brings together two companies with complementary skills, able to capture significant value in sustainable energy and waste recycling.”
Matthew Hunt, director at Port of Sunderland, added: “This is yet another fantastic achievement for Wastefront and just goes to show how much confidence investors and the wider energy industry have in its pioneering technology.
“We are absolutely delighted that the company has chosen Port of Sunderland as its base and look forward to working shoulder-to-shoulder with the team to help them realise their ambitions.”
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