Today N+P Group (N+P) announces the completion of an asset purchase agreement for the assets of Niramax Group Limited Hartlepool, a waste processing facility, it excludes the tyre recycling facility which is a separate company also based in Hartlepool. With the signing of this deal, N+P expands its footprint in the North East of the United Kingdom with a site capable of processing 300,000 tonnes of non-recyclable waste per year, which will continue to support its existing customers and produce various grades of recyclables and alternative fuels for industrial customers.
The transaction forms part of N+P’s growth strategy, to expand production capacity in the alternative fuels business to at least 15 sites by 2028. The former Niramax plant will operate under the new name N+P Hartlepool MRF Ltd and following a significant investment programme will be able to produce up to 300,000 tonnes of solid recovered fuel.
“We are delighted to have completed this acquisition and look forward to welcoming the workforce to the N+P family. This site is part of a pipeline of acquisitions being undertaken that began with Crayford MRF last year, the largest recycling plant in the UK, and this is a key part of our growth strategy alongside building new greenfield operations. In addition to its existing activities Hartlepool will become a hub for N+P’s research and development, which will aim to deliver further innovations to the waste market in order to improve the environmental outcomes of waste treatment and further improve recycling rates.”
- Karel Jennissen, founder and CEO N+P Group
The location also offers significant benefits as it provides synergy with N+P Subcoal's production facility in Teesside. By taking advantage of the different technologies which are available at both sites, N+P will be able to process and recover more valuable materials thus increasing the efficiency of the locations. The Hartlepool site will also be able to house new R&D equipment which will be trialed in the next months, focusing on the recovery of plastics from various mixed waste sources and reducing the carbon content of incineration grade feedstocks.
