Agg-Net

The Aggregates & Recycling Information Network
Mobile Menu
From the organisers of
 

2020 / 2021 Edition

Order your copy here

Johnsons Aggregates receive £10 million funding for IBA plant

Johnsons Aggregates receive £10 million funding for IBA plant

New recycling plant will increase incinerator bottom ash processing capacity to 450,000 tonnes per annum  

EAST Midlands-based Johnsons Aggregates & Recycling have received a £10 million package – part funded by the Business Growth Fund (BGF) – to support the construction of an advanced plant for the recycling of incinerator bottom ash (IBA). 

Due for completion in early 2017, the Stanton plant in Derbyshire has received £5 million of investment from the BGF which, according to reports, is backed by Barclays, HSBC, Lloyds, RBS and Standard Chartered, and a further £5 million debt facility from NatWest.

Johnsons currently recycle around 150,000 tonnes of IBA every year, but the new processing facility – said to be one of the most advanced of its kind in the world when completed – will increase the company’s capacity to 450,000 tonnes per annum. 

Steve Johnson, chief executive office of Johnsons Aggregates & Recycling, said: ‘The completion of the Stanton facility, which has taken five years of planning and execution, will be a huge milestone for the business. It will significantly increase our processing capacity and efficiency, and provide a gold standard for IBA recycling in the UK.’

He added: ‘We could have continued to fund this project without BGF’s financial backing but their ability to provide longer-term support puts us on a great footing as we implement our expansion plans.’

Share this page

Add new comment

Filtered HTML

  • Web page addresses and e-mail addresses turn into links automatically.
  • Allowed HTML tags: <a> <em> <strong> <cite> <blockquote> <code> <ul> <ol> <li> <dl> <dt> <dd>
  • Lines and paragraphs break automatically.

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.