RecyCoal are set to create 70 jobs at a new site in Rossington, Doncaster.
The coal reclamation firm aim to recover 950,000 tonnes of coillery waste and rejected coal over the next four years for electricity generation.
In addition, RecyCoal determine to restore the Rossington colliery to become an open space for a five-year period, offering Doncaster both rejuvenation and employment opportunities and adhering to the company’s policy that,
‘Previously contaminated sites are restored to high environmental standards with final landforms in keeping with the surrounding landscape providing local communities with a variety of beneficial after uses.’
Formed in 2010, RecyCoal are based in Doncaster and have excelled in the fossil fuel industry. Having received £40m investment from Naxos, the company are currently developing; aiming to expand into targeted markets in Australia, North America and Eastern Europe.
This marks remarkable success for RecyCoal within an industry that is currently fluctuating. Recent figures show that the firm UK Coal has suffered a pre-tax loss of £20.56m for the first six months ending 30 June 2012. Compared to a £22.2bn profit for the same period last year, this shows both how uncertain the times are and how confident RecyCoal are to invest in recruitment and company expansion.
29th August 2012