January 2010 - £10 million funding round and arrival of new CEO, Tom Shields
Sterecycle is pleased to announce that it has closed on a further £10 million of private funding, as well as the appointment of a new Chief Executive, Tom Shields, to manage the roll-out of our technology around the UK.
Download Press Release

January 2010 - Sterecycle Founder speaks at Finance Forum
Sterecycle's Founder Duncan Grierson was invited to give a presentation at the 6th Annual Waste Management Finance Forum.
Download slides

December 2009 - Shortlisting for £250 million contract
Sterecycle has been shortlisted for a 25 year contract with North Lincolnshire Council worth £250 million.
http://www.letsrecycle.com/do/ecco.py/view_item?listid=37&listcatid=217&listitemid=54144&section=Local_Authority

November 2009 - Financial Mail on Sunday article
Sterecycle was featured in the Financial Mail on Sunday on 8th November 2009
http://www.thisismoney.co.uk/work/small-business/article.html?in_article_id=493199&in_page_id=10&position=moretopstories

Sterecycle was also featured in Resource Management & Recovery, a leading waste industry magazine.
Download article from RMR

October 2009 - Sunday Times article
Sunday Times 25th October 2009
Download article from Sunday Times

October 2009 - Sterecycle in the News
Sterecycle was in both national and local press again this month, a few examples below:
http://www.independent.co.uk/news/business/sme/the-independent-firms-poised-to-lead-britain-out-of-recession-1801730.html
http://www.harrowobserver.co.uk/west-london-news/local-harrow-news/2009/10/08/borough-is-keen-to-explore-option-of-cleaner-refuse-disposal-116451-24883068/
http://www.wandisco.com/pdf/star_bm3.pdf

August 2009 - Sterecycle's Founder interviewed on leading CleanTech website
Sterecycle's Founder and CEO Duncan Grierson was profiled this month on New Energy Network, a leading website for CleanTech institutional investors:
http://www.newenergyworldnetwork.com/clean-energy-investor-profiles/newnet-innovator-profile-duncan-grierson-sterecycle.html

July 2009 - Sterecycle in the Financial Times
Beyond its first two sites in Rotherham and Cardiff, Sterecycle has plans to build at least 4 further plants around the UK. Other target areas include Glasgow and London, read article in the Financial Times, 18th July 2009.
Download article from Financial Times

July 2009 - Planning secured for Cardiff plant
Sterecycle is pleased to announce that it secured planning from Cardiff Council on 8th July. See examples of media coverage:
http://news.bbc.co.uk/1/hi/wales/8142101.stm
http://www.letsrecycle.com/do/ecco.py/view_item?listid=37&listcatid=217&listitemid=52866&section=waste_management

June 2009 - Sterecycle in the Financial Times
Financial Times 15th June 2009.
Download article from Financial Times

March 2009 - Sterecycle in The Times
The Times 20th March 2009.
Download article from The Times

January 2009 - Sterecycle CEO speaks at Waste Management Finance Forum
Sterecycle's CEO Duncan Grierson was invited to give a presentation at the 5th Annual Waste Management Finance Forum on 23rd January 2009 in London on the challenges of financing new technologies for waste treatment.
Download slides

January 2009 - Sterecycle to double capacity of world's 1st autoclave plant for unsorted household waste
Sterecycle is pleased to announce that it will double capacity and create up to 20 further jobs at the world's first commercial scale autoclave plant. The company, which has pioneered the use of steam for processing unsorted household waste, was granted planning permission to expand operations at its Yorkshire site by Rotherham Metropolitan Borough Council earlier this month. As a result Sterecycle will increase the plant's handling capacity to 200,000 tonnes per year - equivalent to the waste produced by a town of 400,000 people - by late 2010. The number of workers at the plant will increase from currently 34 to more than 50. Duncan Grierson, Chief Executive of Sterecycle, commented: "With the Rotherham plant now operational, Sterecycle has achieved a world first by bringing this clean technology to commercial use for household waste. The granting of planning permission to double our capacity is a further endorsement of our technology and strategy. We are delighted that we will be able to strengthen the local economy with the creation of further jobs as well as contribute to Yorkshire's successful recycling efforts. Our technology offers a clean alternative to the landfilling of waste and produces a terrific material for the generation of renewable energy."

September 2008 - Sterecycle at the RWM 2008
Sterecycle exhibited again at the annual Recycling & Waste Management Exhibition at the Birmingham NEC from 16 to 18 September. This is the third year that Sterecycle has exhibited. Sterecycle's CEO Duncan Grierson was also invited by the conference organizers to give a presentation on the benefits of autoclaving versus other technologies.

http://www.emapconferences.co.uk/wastemanagement/speakers/index.jsp

August 2008 - World's 1st full scale autoclave plant
Sterecycle has built and is now operating the World's first full scale commercial autoclave plant for household waste in Rotherham, South Yorkshire. This pioneering plant went live in June 2008 and can process around 100,000 tonnes per annum of waste, equivalent to the waste produced by a town of 200,000 people. The plant is treating 75,000 tonnes per annum of "black bag" residual waste from the neighboring councils of Rotherham, Barnsley and Doncaster under a 10 year contract, which will increase to 150,000 tonnes per annum in 2010 when the plant is expanded. Around 20 tonnnes of waste is treated in each vessel batch before being sorted using separation equipment such as size screening and magnetic separation. Duncan Grierson, Chief Executive and Founder of Sterecycle commented: "Having built the first full scale plant we have now proven the technology in the context of household waste and have a strong platform from which to build more recycling plants. We can recycle and divert from landfill the vast majority of the average black bag and in particular the plastics. In contrast, mass burn incineration simply destroys everything. This is a key issue - plastics are hydrocarbon based, derived from oil. One tonne of plastics recycled means 1.5 tonnes of carbon saved." Chairman Andy Hinton, commented: "The Sterecycle plant in Rotherham is leading the UK in waste treatment. We have also created 30 new jobs, with a wide range of roles from administrative staff to vehicle operators to plant operatives. These long term jobs for local workers are a great by-product of adopting this new green approach to waste management."

December 2007 - Sterecycle raises further funding
Sterecycle has raised a 4th round of private equity finance, led again by Goldman Sachs, taking funds raised to £22 Million. The 4th round was for £12 Million, with new investor Fidelity International coming on board, as well as Impax Environmental who invested in the 2006 round. Duncan Grierson, Chief Executive commented: "This latest round of finance is further recognition of the exciting platform that we have built at Sterecycle and the market opportunity for novel waste treatment technologies that can divert waste from landfill. Public concern over the use of landfill and Mass Burn Incineration are encouraging the use of green alternatives such as Sterecycle's process. Mass Burn Incineration remains a controversial topic, despite attempts for many years to rebrand this technology as "Energy from Waste". Concerns remain about the need to "feed the incinerator" at the cost of recycling and the small amount of energy that is actually produced. In contrast, autoclaving achieves high levels of both recycling and diversion from landfill".

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, ranked at no.5 in its list.
http://dev.cnbceb.com/Articles/2007/June/16/top-50-low-carbon-pioneers.aspx

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 autoclave under construction is taking shape. The vessel incorporates 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 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 one the UK's largest providers of construction and civil engineering services with an annual turnover of £1.4 Billion.
Letter from Lancashire County Council 9th July 2004

April 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.
Confirmation from DEFRA 27th April 2004

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. Colin Burns, Director of CAFC Plc , said "I am delighted to support Sterecycle with this investment and look forward to working with the management team".

September 2003 - Sterecycle in the Press
Environment Business Magazine, September 2003
Download article from Environment Business Magazine