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Direct Special Metals Group

COMPLETED |
April 2024

Funding to build an automated materials recovery facility.

Trevally Capital Ltd, in conjunction with finance arranged by Trevally Capital Advisers Ltd, is pleased to announce the completion of an asset backed senior secured loan for a UK borrower to build an automated materials recovery facility. The flexible funding supports the improvement of recycling recovery from waste in the United Kingdom and the move away from landfill disposal practices.

Direct Special Metals Group, the Sheffield based materials recovery business, secured over GBP £25 million of funding for the construction of an automated materials sorting facility at its Garter Street site in North Sheffield.

The new plant, which is intended to be commissioned in 2024, will use optical sorting technology and is designed to process up to 250,000 tonnes per annum of mixed commercial and industrial waste. The new plant will supply refuse derived fuel for regional energy from waste power stations as well as extract a range of recyclable commodities for the recycling industry.

The funding group included the teams from SCIO Capital LLP, Trevally Capital Advisers Ltd and Trevally Capital Ltd.

Going forward Direct Special Metals Group intends to roll out additional materials recovery facilities in the UK and make a meaningful contribution to increasing recycling from waste volumes as well as servicing the growing energy from waste sector.