GRD 'close' to $4.9b UK recycling deal
Email Print Normal font Large font November 20, 2006 - 2:51PM
Advertisement
AdvertisementThe UK-based subsidiary of Australian engineer GRD Ltd, which has developed an environmentally friendly way to dispose of household waste, is close to signing a STG2 billion ($A4.9 billion) contract with two British local authorities, The Guardian reported.
The 25-year deal between Global Renewables and Lancashire and Blackpool councils, in northern England, was due to be concluded in the next few days, the newspaper said.
Agreed under the government's private finance initiative, the contract would cover 1.4 million people and 775,000 tonnes of waste a year, the newspaper said.
Global Renewables planned to investigate other British waste contracts that came up for renewal in the next 18 months.
It was also mulling listing on the London stock exchange in 2007, according to the Guardian.
David Singh, development director at Global Renewables, described how the firm's waste disposal system slashed the amount of household waste going to landfill sites - which generate greenhouse gases.
"The thing that enabled us to win the project in a competitive market is the low environmental footprint," Singh was quoted in the Guardian as saying.
"There are some companies trying similar approaches, especially in Europe, but this is new to the UK."
© 2006 Reuters, Click for Restrictions
- Forums
- ASX - By Stock
- GRD
- grd breaking news
grd breaking news
-
-
- There are more pages in this discussion • 5 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add GRD (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
MTL
MANTLE MINERALS LIMITED
Nick Poll, Executive Director
Nick Poll
Executive Director
SPONSORED BY The Market Online