Energy via pyrolysis technology at forefront at new Hasockrigg Eco-park facility leading to reductions in running costs and carbon footprint.
Healthcare Environmental Group, the largest independent full-facilities waste management company in the UK, has completed the first stage development of a new 37 acre Hassockrigg eco-park in Shotts. The expansion was part funded by an eight figure funding package from HSBC which will create 50 new jobs in the area.
The family-owned business, holds all NHS waste disposal contracts in Scotland as well as the whole of Yorkshire and Humber, servicing clients in commercial and industrial sectors which includes the majority of the care homes sector across the UK.
The innovative new eco-park will drive an estimated £1m of efficiencies for the company with the longer-term aim being to use this excess energy to heat and light other units within the eco-park, reducing running costs.
Energy is generated through use of pyrolysis technology which was in part designed by Healthcare Environmental. The innovative process uses steam and heat generated by the sterilising of medical and hazardous waste to turn it into 2 megawatts of energy.
As one of Scotland’s fastest growing SME’s, the company operates from 13 sites throughout the UK including a recently acquired premises in Newcastle following reward of a 15 year NHS North East Consortium contract.
The new site is part of Healthcare Environmental’s wider expansion plans and increased investment in energy efficiency. The Group reported turnover of more than £17m in 2015 which is expected to exceed £25m in the current trading year.
Garry Pettigrew, Managing Director at Healthcare Environmental, said: “We’re really proud to see the completion of our new site at Hassockrigg eco-park and to bring 50 new jobs to the area, securing over 100 jobs locally. We take being energy efficient seriously and the new site will not only help us reduce our carbon footprint but turn what was wasted resource into energy. We’re always looking for new ways to expand and invest in our business and this was the perfect opportunity.
“We’ve got a great relationship with Gavin and the team at HSBC and it was a refreshing experience to work with a partner that completely understood what we wanted to do and championed us all the way supporting our growth by financing the acquisition of GW Butler in London in 2014.”
The funding package from HSBC has been allocated from the bank’s national £8 billion SME fund, with £400 million specifically designated to support Scottish firms.
Gavin Forsyth, Relationship Director, for HSBC Corporate Banking in Scotland, said: “From day one, we were wholly impressed with the drive and industry expertise of Garry and the wider team.
“In what is still a tough trading environment for many of Scotland’s SMEs, we’re seeing companies like Healthcare Environmental use more innovative approaches to grow and invest in their business.”
“We have an excellent relationship with Healthcare Environmental after re-banking them in 2013. Since then we have more than tripled their banking facilities and we look forward to playing our part in what promises to be an exciting future.”