Impetus Waste Management Enters Administration

air-products-teesside-472x265Impetus Waste Management has entered administration, with Joe O’Connor and John Sumpton from EY’s restructuring team being appointed joint administrators.

Earlier this year Impetus’ main refuse derived fuel (RDF) offtaker, Air Products, was no longer able to take the RDF being produced after announcing it would be exiting the energy from waste market. The absence of viable alternative RDF offtakes made the WTS facilities in North Tees (pictured) and Leeds unsustainable.

The management team looked to identify UK and export opportunities for the RDF produced at these facilities, however, the volumes and prices achieved were unfavourable.

Despite internal improvements in efficiency the company’s management were unable to return this part of the business to profitability resulting in the decision to place Impetus into administration.

Joe O’Connor said: “The landfill and composting facilities and the Total Waste Management operation continue to remain profitable but they were unable to fully support the WTS business.

“These facilities will continue under new ownership with relevant employees transferred over to the new owners, saving 31 jobs.”

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