Biffa : expands plastics recycling capability in Scotland

28June 2021

Biffa expands plastics recycling capability in Scotland

Biffa plc, the UK's leading sustainable waste management business, is pleased to announce the completion of a deal to acquire Scotland's only postconsumer plastics recycling facility(PRF) from Green Circle Polymers Ltd (GCP) located in Grangemouth for £10m. The acquisition was first announced in Biffa's FY21full year resultson June 1, 2021.

The Grangemouth facility is one of the largest PRFs in the UK and every year processes around 50,000 tonnes of plastics such as mixed plastic bottles and plastic tubs and trays so that they can be used to create new recycled plastic material. The acquisition bolsters Biffa's market leading plastics recycling capability by providing more recyclable plastic feedstock in line with the Group's strategy to quadruple its plastic recycling capacity by 2030. The facility also has the capability to sort coloured plastic material and metal cans.

The acquisition comes ahead of the implementation of the Deposit Return Scheme (DRS) in Scotland in 2022, which will make it easier for residents to do the right thing and recycle their used bottles and cans, including PET plastic, metal, and glass, ultimately helping safeguard our environment.

Michael Topham, Chief Executive, commented:

'This acquisition builds on our leadership position in closed-loop recycling and strengthens Biffa's capacity to process and recycle more plastic waste in Scotland.

'As a leading enabler of the circular economy in the UK, this investment helps us support Scotland's vision of a greener future, as it prepares to introduce the Deposit Return Scheme to reduce littering and improve recycling levels.

We are delighted to welcome the Green Circle Polymers team and their customers to Biffa.'

Chief executive officer of Green Circle Polymers Limited Tom Gleeson said:

'This is an exciting move and I'd like to thank the loyal customers who have supported the business over the years. I know the management and staff will make a valuable contribution to the future of the business as part of the Biffa Group.'

-ENDS-

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About Biffa

With a history of leading the UK's waste management industry for over 100 years, today Biffa is an established enabler of the UK circular economy.

Our team of more than 9,000 colleagues carry out essential operations every day to support the UK circular economy including collection, surplus redistribution, recycling, treatment, disposal and energy generation.

Our purpose is 'to change the way people think about waste' and sustainability has been at the heart of our business strategy for many years. We have already made huge strides in our sustainability journey by investing in plastic recycling and energy from waste infrastructure, surplus redistribution and low carbon collections, leading to a 70% reduction in our carbon emissions since 2002. Our sustainability strategy 'Resourceful, Responsible' will see us unlock £1.25bn of investment in vital green economy infrastructure by 2030, while further reducing our carbon emissions by 50% by 2030. We aim to have net zero emissions no later than 2050.

We understand that we must lead by example and are committed to further improving health, safety and wellbeing in our sector. We are proud to have been awarded a 5 star grading by the British Safety Council. We have also made strong progress in making sure Biffa is an inclusive place to work where diversity is championed and our >9,000 strong workforce feel valued and understand the positive contribution they make to enabling the UK circular economy.

Our long-standing Biffa Award programme supports sustainable projects across the UK which deliver environmental benefits while making a valuable contribution to local communities. Our partnership with WasteAid helps countries in the developing world with managing their waste more sustainably.

For more information visitwww.biffa.co.uk/investors