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June 2007 - Sterecycle at the London Stock Exchange

Sterecycle’s Chief Executive , Duncan Grierson, made a presentation to the City on 29th June 2007 at the London Stock Exchange's Environmental Industries Day. Duncan said “We received strong interest from a wide range of institutions who are investing in the clean technology space, keen to learn more about our patented steam recycling system. We will shortly be raising funds and so the event was a useful way to warm up the market.”

Link to London Stock Exchange website

April 2007 – Sterecycle CEO named amongst “Top 50 Low Carbon Pioneers” by CNBC European Business

CNBC European Business in April named Sterecycle’s Founder and CEO, Duncan Grierson, as one of Europe’s low-carbon climate pioneers.

http://www.cnbceb.com/ViewArticle.aspx?PageID=741

March 2007 – Sterecycle Chairman speaks at Goldman Sachs Energy and Environment conference

Sterecycle Chairman Andy Hinton spoke at the Goldman Sachs Energy, Environment and Financial Markets conference in London on 26 March 2007. Other speakers at the prestigious event included: Nancy Kontou (Head of Cabinet, Directorate General for Environment, European Commission), Fabrizio Barbaso (Deputy Director General, Directorate General for Transport and Energy, European Commission), Anne Lauvergeon (CEO of AREVA Corporation) and Jorge Vasconcelos (Chairman of Council of European Energy Regulators).

Download Goldmans Conference Invitation PDF

January 2007 - Senior WRG executive joins Sterecycle

Alistair Shotliff has joined Sterecycle as Development Director. Prior to joining Sterecycle, Alistair was Projects Director with Waste Recycling Group, the UK's largest waste management company. Alistair led the recent Central Berkshire PFI contract, from tender through to preferred bidder negotiation and closure, the first PFI contract to be signed by WRG, completed in late 2006. This £600 Million waste and recycling contract with Reading Borough Council, Bracknell Forest Borough council and Wokingham District Council, under the banner of the "Re3 Waste Partnership", is a 25-year contract to divert waste from landfill through recycling and EFW, backed by £37 Million in government PFI credits. Before joining WRG, Alistair was Development Director with Thames Waste Management, and also previously Landfill Acquisition & Estates Manager for Biffa. Duncan Grierson, Chief Executive of Sterecycle, said "We are very pleased to welcome Alistair on board. He brings over 20 years of waste management experience and is joining at a time of exciting developments for Sterecycle. Our first plant in the UK is nearly complete and we have been short-listed for several local authority contracts." Alistair Shotliff said "The UK waste sector is developing rapidly at the moment and there are excellent opportunities for companies such as Sterecycle. The company offers an exciting technology and has a strong team backed by Goldman Sachs."

November 2006 - Impax Invests in Sterecycle

Impax Asset Management has taken a £1Million equity stake in the company. Impax Asset Management, a wholly-owned subsidiary of Impax Group plc, made the investment through its flagship investment trust, Impax Environmental Markets plc, and its sister fund, Impax Environmental Markets (Ireland) Ltd. Impax has been managing funds in the environmental sector since June 1998 and currently has more than £430 Million in funds under management. Impax invests globally in quoted and private companies in the water, waste and alternative energy sectors. Chief Executive and founder of Sterecycle, Duncan Grierson said: "We are very pleased to welcome on board Impax who now have a £1million equity stake in the business alongside Goldman Sachs. This additional investment from Europe's leading environmental investor is further validation of the Sterecycle technology solution and platform." Nigel Taunt, Director of Investments at Impax, said: "We have been following Sterecycle for some time now and are excited to have the opportunity to invest in such a promising business. The market for waste recycling services is growing and the EU Landfill Directive places heavy demands on local authorities to seek clean technology solutions such as Sterecycle." Ron Kopas, Finance Director, added: "We now have three major investors: Ailsa 3 Ventures - the UK's leading recycling investor; Goldman Sachs - the world`s leading investment bank; and Impax - Europe’s leading environmental investor."

October 2006 - Goldman Sachs leads £7 Million equity investment

Sterecycle, the waste recycling company, today announces that it has completed a 3rd round of equity financing totaling £7 Million. The financing round was led by Goldman Sachs, the world leading US investment bank which was founded in 1869 and has some $25 Billion of world-wide turnover. Michael Linse, Executive Director of Goldman Sachs has joined the board of Sterecycle. Duncan Grierson, Chief Executive and founder of Sterecycle commented: “With the support of such a well-respected shareholder as Goldman Sachs we will be able to grow much faster and take full advantage of the considerable market opportunities. The market for waste recycling solutions is growing rapidly, and ever-tougher environmental legislation such as the Landfill Directive will see demand for our recycling services increase further. With additional debt financing we now have access to over $75 Million of capital for further recycling plants. Simon Mansfield, Managing Director of Goldman Sachs International commented: “We are delighted to announce this investment in Sterecycle. The business has done a great job in building a technology platform to provide solutions to solve the waste management problem in the UK. With an impressive management team and significant additional capital on its balance sheet, we believe that Sterecycle is extremely well-positioned to develop its market share in the UK."


May 2006 - 1st UK plant construction advancing well

The Sterecycle autoclaves under construction are taking shape. The vessels incorporate the patented advanced characteristics of the Sterecycle system.

April 2006 - Sterecycle in the Press

Sterecycle was mentioned this month in two of the UKs leading newspapers, the Financial Times and The Times:

Download Financial Times Article

Download The Times Article

March 2006 - Sterecycle presents at the London Stock Exchange

Chairman Andy Hinton and Chief Executive Duncan Grierson presented to over 100 institutional investors on 31st March 2006 at the London Stock Exchange's, Water and Waste Capital Markets Day.

http://www.londonstockexchange.com/en-gb/products/irs/capitaldays/Water+and+Waste/waterwaste.htm

December 2005 - Sterecycle commences construction of its 1st plant in the UK

Duncan Grierson, Founder, said "We are very pleased to be starting to build our 1st commercial plant in the UK. This plant will have a capacity of around 100,000 tonnes per annum of household waste.When finished the plant will be a fantastic marketing tool and help us to secure further waste contracts".

October 2005 - Sterecycle signs partnership deal with O.Kay Engineering

Sterecycle has signed a partnering deal with O.Kay Engineering for autoclave projects in UK and Europe. O.Kay is the UK's leading supplier of materials recycling plant to the waste management industry. O.Kay has been building large MRFs for over 20 years and recently completed a 75,000 tpa MRF for Cleanaway at Greenwhich that was opened by Margaret Beckett MP, Environment Secretary.

October 2005 - Sterecycle raises further Venture Capital

Sterecycle has closed a significant 2nd round of funding from City investors. The funding of £1.3 Million will be used to start to build Sterecycle's first plant in the UK along with working capital. Sterecycle is a recycling technology business which has a novel and clean industrial scale process for processing and recycling residual household garbage. Andy Hinton, founder of Ailsa 3 Ventures has joined the Sterecycle Board as Chairman. Andy Hinton sold his medical waste business in 2004 for £36 Million and founded Ailsa3 Ventures to invest in recycling businesses. Andy said "Having had experience of the autoclaving of medical waste in my own business, White Rose Environmental, I am convinced that this is the right solution for household waste. The European Landfill Directive is forcing governments to promote recycling and there is a huge opportunity for innovative young companies like Sterecycle to take market share". Duncan Grierson, founder and Chief Executive of Sterecycle, said "This latest fundraising is an exciting development and the beginning of a new chapter for the business. Every council around the UK is currently seeking a technology solution to the landfill problem and we believe that we have that solution. Sterecycle's patented process is environmentally friendly and has significant cost and quality advantages compared to competing technologies."

July 2004 – Sterecycle shortlisted for £2 Billion Lancashire PFI

Sterecycle is pleased to announce that it has been officially short-listed in the last four bidders for the UK’s largest ever waste treatment and disposal contract. The Lancashire County Council tender is a 25-year integrated waste PFI contract that will deal with 1.1 million tonnes of household waste per annum. The contract is supported by £75 Million in Private Finance Initiative credits from DEFRA and will cover all seventeen councils in the Lancashire Waste Partnership. Lancashire council has also short-listed Sita, Onyx and GRLI. Sterecycle has a Joint Venture with Mowlem Plc for this tender. Mowlem Plc is a provider of construction and civil engineering services with an annual turnover of £1.4 Billion.

May 2004 – Sterecycle shortlisted for DEFRA funding

Sterecycle has been officially short-listed for grant funding from the DEFRA New Technology Demonstrator Programme. Defra has launched this £30 Million funding programme to demonstrate innovative waste treatment technologies that are alternatives to landfill. The programme aims to prove the economic, social and environmental viability of each technology.

March 2004 – Sterecycle raises finance

Sterecycle has raised equity finance from Capital & Asset Finance Corporation plc. Capital & Asset Finance Corporation plc is a provider of asset finance for recycling plant and machinery in a variety of environmental sectors. Duncan Grierson, founder, said: “This equity investment is a first for CAFC Plc and illustrates the strength of our business plan. Alongside the personal investment of the directors and a line of credit from our bankers HSBC, this additional finance will help us develop the business in the UK”. Sterecycle was founded in February 2003 by Duncan Grierson (CEO) and Bob Grierson (Technical Director) to develop waste recycling plants using a unique patented technology that can convert municipal waste into clean recyclable products.