Waste Systems Win Export Orders
PRESS RELEASE: 17 August 2016
Waste Systems Ltd confirm that they have entered into a distribution agreement with EPS Ltd to supply their Proflow DST system which is built on the company’s production line at Plumbridge Co. Tyrone.
EPS Ltd are part of the Finlay Group of companies that have a reputation of supplying the world’s best material processing equipment to the quarrying, mining, waste management, recycling, composting and soil stabilisation industries.
John Dunne, Managing Director of EPS Ltd said, “Waste System’s Proflow DST represents a revolutionary combination of processing actions in one modular unit. It’s something that we’ve never seen before and enables the diversion of valuable and useable waste streams from landfill.”
Waste Recovery is a global $BN market, with European Environmental & US legislation drivers of change and innovation. Since 2011, UK Landfill Tax for unsegregated waste has increased by more than 300%. Today the more segregated the waste, the lower the Landfill Tax. Waste Systems ProFlow DST which has been developed following the successful completion of a major research, design and build programme, provides the highest attainable levels of segregation and is aligned to the emerging waste segregation regulations. Nishi Ward, CEO Waste Systems Ltd confirmed further orders for the Proflow DST are now in production at the company’s Co. Tyrone base. Waste Systems Ltd is supported by Invest Northern Ireland and is a portfolio Company of Kernel Capital and Whiterock Capital Partners.
Bank of Ireland Kernel Capital Growth Fund (NI) was designed to help SMEs in Northern Ireland to accelerate their growth. Invest Northern Ireland has committed £15million of funding to this fund, which has the potential to invest over £24million in SMEs over the next five years. Invest NI’s investment in the Bank of Ireland Kernel Capital Fund is part financed by the European Regional Development Fund under the EU Investment for Growth and Jobs Programme 2014-2020.