SCIO provides senior financing to Direct Special Metals Group

SCIO Capital is pleased to provide a senior secured loan to Direct Special Metals Group to build an automated materials recovery facility.  The funding supports the improvement of recycling recovery from waste in the United Kingdom and the move away from landfill disposal practices.

The new plant, 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 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, Nash & Co Capital and Nash Business Services Limited.