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Augean acquires option over land next to existing Peterborough site

By Josh White

Date: Friday 18 Oct 2019

Augean acquires option over land next to existing Peterborough site

(Sharecast News) - Specialist waste management company Augean has acquired an option to purchase approximately 90 acres of land adjacent to its existing East Northants Resource Management Facility (ENRMF) landfill site near Peterborough, it announced on Friday.
The AIM-traded firm said the option was its preferred choice, following its investigation of a number of alternative solutions to provide long-term key infrastructure, aligning with the national need for hazardous landfill and soil treatment in the South of England.

"With appropriate planning and permitting consent, the extension that has been optioned would prolong the life of the ENRMF site until the mid-2040s," the board said in its statement.

"ENRMF currently generates revenue of over £15m per annum and operating profit of over £8m."

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