The group, which is based in Glenfarg, Perth, intends to use the funding to purchase a new picking line. It says the machinery will increase the volume of the waste it processes from 15 tonnes per hour to 50. The new picking line will also allow the group to recycle additional materials.
The new line sits within Binn Group’s “eco park” which includes a wind farm, wood recycling, green waste composting, anaerobic digestion and fridge recycling. There is currently also an energy from waste facility under construction.
Binn Group ‘incredibly thankful’
Allan MacGregor, CEO at Binn Group, said: “We are incredibly thankful to HSBC UK for assisting us in improving the site through Green Asset Finance Facilities.
“The new picking line is the next step in our mission to drive the waste management sector toward being a more sustainable, environmentally friendly industry.”
Neal Tully, global relationship director at HSBC UK, added: “We have worked closely with Binn Group for the last eight years. It has been brilliant watching the business expand as it continues to focus on reducing landfill waste as much as possible.”
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