A Deeside-based waste recycling company has secured more than £850,000 in funding from HSBC to supply a power station in Northamptonshire.
Paperback Collection and Recycling, which has developed a range of waste-derived fuels from recovered paper, card and plastics, has won a contract to supply 49,000 tonnes of biomass fuels to a new power station in Wellingborough.
The fuels will be converted to energy and supplied to the National Grid, as well as used to power local households.
The finance package will part-fund a new plant and the equipment needed to assist with the contract, which will also support the creation of four jobs.
Gordon Anderson, managing director of Paperback, said: "HSBC has demonstrated a thorough understanding of the planned growth taking place in the UK renewable energy and waste management sectors, so it was an easy decision to bank with them for this and other projects planned for 2016.
"As well as part-funding the equipment we need, the finance package will assist us with our ambitious growth plans in the UK over the coming years. We're already projecting a 15 per cent increase in turnover which we wouldn't have been able to achieve without the help of HSBC."
Martin Lyons, area director for HSBC in the North and Mid-Wales region, added: "We've been working with Paperback for the last 18 months so we're delighted to have finalised a funding package that will help the business enter new markets, as well as support the local community with their energy needs."
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