A business which creates fuel from waste is set to create a further 10 new jobs after securing a £300,000 investment from Lancashire’s Rosebud Finance.
The Lancashire Waste Recycling plant at Fleetwood takes waste destined for landfill and turns it into fuel which can be used by manufacturing plants and power stations.
The £6m plant was opened in 2013 by engineer Jim Entwisle and businessman Paul Mellor and has already created 15 jobs. It is the largest of its type in the North West and one of only a handful of such plants in the country.
Currently, most of the fuel produced goes to Hanson Cement. However, the two owners plan to open up a further four plants at locations around the UK and expand their customer base to sell to other industrial users and to energy-from-waste plants.
The Rosebud funding will allow it to install additional processing features to further improve efficiency.
Paul Mellor, managing director, said: “We have invested heavily in the best processing equipment and the Rosebud investment will allow us to make further improvements. We aim for zero landfill and to be known as the number one for alternative fuels”.
Rosebud is a finance package supporting Lancashire firms to grow and expand their business.