Monday, 21 December 2009

New Earth Solutions Raises £20 million

The fundraising allows New Earth to begin work on its fourth operational site in Leicestershire. The waste treatment site, which will begin to accept municipal rubbish from Autumn 2010, will extract recyclables and convert biodegradable material to a compost-like substance.

New Earth Solutions will use part of the money for the refinancing of its waste treatment facility in Gloucestershire, which it acquired in February this year.

Each site will have a capacity of around 50,000 tonnes of waste a year.

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