Business in Brief – 23/05/22

Reconomy awarded as contract Karbon Homes’ waste and recycling partner

ReconomyHousing Association Karbon Homes has announced Reconomy as its waste and recycling partner, with the contract supporting the management of waste services for around 30,000 properties across the Northeast of England and Yorkshire.

Waste collections and the associated management is now underway across all properties, with 1,400 tonnes of waste collected so far, and 94.7 per cent diverted from landfill.

Kevin Martin, Key Account Manager at Reconomy, said: “We are excited to become Karbon Homes’ waste partner. In addition to the day-to-day waste services, we have a great deal of expertise and experience to share throughout the contract.

“Although an outsourced service, our team will act as an in-house support to Karbon Homes relating to all things waste. We are always close to new technologies that are emerging from the industry and, where appropriate, will introduce them to our customers and into future ways of working”.

Mark Thrumble, Contracts Manager at Karbon Homes, said: “It was important for us to have a single supplier that we could trust to coordinate and manage the waste across our large portfolio of properties.

“Having a consistent approach is key to optimising our efficiency and ensuring we are staying ahead in terms of improving the way we manage our waste, both from a financial but also an environmental perspective. Since the start of the contract, we have already seen a saving in admin that is involved in managing jobs and the associated paperwork”.

AMCS to acquire Quentic

Environmental services technology firm AMCS has announced that it will be acquiring, a solution provider of Software as a Service for EHSQ and ESG management, for an undisclosed amount. The transaction is subject to regulatory approval and is expected to close in the coming weeks.

Jimmy Martin, CEO of AMCS, said: “AMCS and Quentic are very aligned with the mission to drive an environmentally sustainable future. A net-zero carbon future depends on a very connected and circular approach across the supply chain.

“We are thrilled to bring the technology from Quentic into the AMCS portfolio of solutions and can now move forward with a focus on influencing the entire supply chain, offering smarter outcomes from automating and digitizing their businesses -- reducing waste as much as possible.”

Markus Becker, CEO of Quentic added: “We have built Quentic on the values of making a meaningful contribution to people, society and the environment.

“Therefore, we are excited to have found a partner in AMCS who fully aligns with our mission to digitally empower companies across the globe to manage people, business and environmental processes sustainably at all levels. Together with AMCS, the Quentic management team will continue to shape the future.”

Greenback secures funding towards new plant

Plastics recycling company Greenback Technologies has completed part of a pre-Series B funding round, which was supported by both new and existing investors.

The extra funding has enabled the company to convert a loan made under the UK Government’s Future Fund scheme into equity.

The company is now expected to proceed with the deployment of a new chemical recycling plant in Mexico in collaboration with food and beverage company Nestlé.

Philippe von Stauffenberg, founder and CEO of Greenback, said: “This is a genuinely exciting and important moment for Greenback. The investment secured during our latest funding round and the addition of Craig to our Board are both pivotal in enabling us to progress our project with Nestlé Mexico to the next stage.

“We are one step closer to delivering a solution for globally recognised brands that can make the previously unrecyclable, recyclable, making a very clear statement about the strength of their commitment to sustainability and the circular economy.”