UK: Netherlands-based N+P has acquired the Crayford Material Recycling Facility (MRF) in South-East London from Viridor for an undisclosed sum. The facility processes 330,000t/yr of dry mixed recyclables from Greater London, the South and South-East of the UK. It employs 260 people.
This is the third acquisition by N+P since it started a strategic partnership with commodities trading company Mercuria in April 2021 and more are planned. N+P has invested Euro90m in the UK in 2021 and it plans to invest the same amount in 2022. This is part of the company’s overall Euro239m investment between 2021 and 2022. The key driver of this expansion is to accelerate the production of N+P’s alternative fuel product Subcoal. N+P plans to increase throughput at Crayford to 500,000t/yr and it wants to add 13 alternative fuel production plants to its operations in Europe by 2026, producing over 5Mt/yr of alternative fuels per year.
“N+P’s rationale for acquiring the London location is driven by the company’s desire to expand production in locations throughout the UK and diversify its activities. Ultimately, having both an alternative fuel production location as well as a MRF operation at the same location optimises the complete value chain for waste. N+P believes the non-recyclable waste fraction can play a significant role in the transition to cleaner future proof energy sources,” said Stijn Jennissen, the chief commercial officer at N+P.
