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Orthios benefits from £1.2m loan, creating 55 jobs


Holyhead site
Virginia Crosby, MP for Ynys Môn, left, a strong supporter of the project, and Sean McCormick, Orthios CEO
Close Brothers Asset Finance has provided a £1.2m Coronavirus Business Interruption Loan Scheme (CBILS) asset finance facility to Anglesey-based Orthios, one of the UK’s most innovative waste and recycling firms; a further significant facility is currently being considered.
The first loan will enable a 200,000 metric tonne recycling facility to be built, creating 55 new jobs. This will recycle waste and separate the non-recyclable polymers to then go into the new ‘plastics-to-oils’ facility.
The second loan will contribute to the purchase of the equipment that will turn the left-over waste biomass into gas that can eventually be processed to a carbon-zero fuel, and will create a further 10 new jobs. ....

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