Biffa plc Strategic Rail Partnership
March 29 2018 - 1:02AM
RNS Non-Regulatory
TIDMBIFF
Biffa plc
29 March 2018
Biffa plc
Strategic Rail Partnership:
Rail transfer stations connect Manchester and Leeds to Biffa
facility
29 March 2018
Biffa plc ('Biffa' or 'the Group'), a leading UK integrated
waste management company, announces its strategic partnership with
GB Railfreight ('GBRf') to expand its rail hub network for the
transportation of inactive waste. Biffa recently opened a transfer
station in Manchester with a similar site in Leeds to follow in the
near future.
The partnership with GBRf will initially focus on connecting the
Northern cities of Manchester and Leeds with Biffa's landfill
facility in Roxby, near Scunthorpe. When fully operational these
two strategic rail links alone are expected to facilitate the
transportation of c.250,000 tonnes of inactive waste annually, the
equivalent of approximately 16,000 truck journeys.
The development of a rail hub network is in line with Biffa's
stated strategy of developing its infrastructure and innovating its
customer service offering to meet an evolving market dynamic and
customer demand, including continued investment in recycling and
other waste processing technologies.
As presented in Biffa's 'The Reality Gap (2017)' report on the
future of the UK waste market, while levels of recycling have
improved substantially, landfill continues to play a fundamental
and long-term role in the waste hierarchy to deal with those wastes
which are non-combustible and non-recyclable. There is no
alternative form of disposal for such waste, yet current landfill
capacity is rapidly diminishing.
With fewer and fewer accessible landfill sites in operation,
waste is now travelling a significant distance from source to
disposal. In some regions rail transportation provides an
economically viable means of facilitating the movement of waste,
enabling Biffa to better leverage its existing landfill network and
innovate its customer offering accordingly whilst also providing
significant environmental advantages over road transportation. The
Group continues to closely examine other regions of the UK where
rail might provide similar advantages.
In honour of the partnership, GBRf will operate a red-liveried
locomotive The Flying Dustman to reflect Biffa's iconic brand,
unveiled in a ceremony yesterday at York station.
Mick Davis, Managing Director of Resource Recovery &
Treatment Division at Biffa, said:
"The partnership with GBRf marks another step forward in our
strategy to develop our waste management infrastructure and
innovate our customer offering. By increasing the mobility of
inactive waste, rail transportation will enhance our service
offerings from our existing landfill network whilst also providing
significant environmental benefits compared to road
transportation."
Enquiries:
Instinctif Partners Tel: +44(0)20 7457 2020
Helen Tarbet biffa@instinctif.com
James Gray
About Biffa:
Biffa is a leading UK-based integrated waste management
business. The Group operates across the breadth of the waste
management value chain, including the collection, treatment,
processing and disposal of waste and recyclable materials, as well
as related work in the production and sale of energy derived from
waste and the sale of recovered commodities such as paper, glass,
metals and plastic. Biffa's customer base for these services
includes local authorities (which includes the collection of waste
from households), large corporates and SMEs, and purchasers of
end-product commodities and energy. The Group's services are
organised across four operating divisions: Industrial &
Commercial; Municipal; Resource Recovery & Treatment
(RR&T); and Energy. In FY 2017, the Group's total revenue was
GBP990.4 million and its Underlying EBITDA was GBP137.7 million.
Biffa was admitted to trading on the London Stock Exchange's main
market for listed securities in October 2016 under the ticker
"BIFF". For more information visit www.biffa.co.uk
This information is provided by RNS
The company news service from the London Stock Exchange
END
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