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French e-waste recycler receives funding for expansion

Archiv – France | Specialist in electronics recycling Terra Nova SAS, based in Isbergues (Pas-de-Calais), France, has received funding to construct and operate a pre-treatment and recycling plant for printed circuit boards in Northern France. The investment totalling Euro 8 million, is obtained from a consortium of investors that includes Ludgate Environmental Fund (LEF) (€3 million) Aurinvest (€2.5 million), the Lewis Group (€1.3 million), BNP Private Equity (€0.8 million) and Finorpa (€0.5 million).France | Specialist in electronics recycling Terra Nova SAS, based in Isbergues (Pas-de-Calais), France, has received funding to construct and operate a pre-treatment and recycling plant for printed circuit boards in Northern France. The investment totalling Euro 8 million, is obtained from a consortium of investors that includes Ludgate Environmental Fund (LEF) (€3 million) Aurinvest (€2.5 million), the Lewis Group (€1.3 million), BNP Private Equity (€0.8 million) and Finorpa (€0.5 million).
According to Terra Nova, plant construction has already commenced and it is expected to be operational by Q1 2011. Terra Nova’s experienced team has proprietary know-how and established key relationships with both suppliers of printed circuit boards and end customers. The company has already commenced discussions for production volumes greater than the capacity of the plant.
Terra Nova was established in 2006 by Christian Thomas and Michel Trabuc, with seed funding from March Capital, an Irish industrial investor. Terra Nova’s team of knowledgeable professionals from the metals sector is looking to address the growing regulatory requirement to recycle electronic waste and reduce the current flow to the developing world. Terra Nova’s process will provide a safe method of treatment and minimize the environmental impact.
John Shakeshaft, Chairman of LEF, added: ’With the implementation of the WEEE Directive alongside the company’s technology and established relationships, we see there is an exciting market for Terra Nova to address. We look forward to working actively with the investment consortium and the company’s experienced management team to encourage the growth of the business.’
’I’m delighted to announce the closing of our fundraising led by Ludgate Environmental Fund’, Christian Thomas, President of Terra Nova says. ’The Ludgate investment team is highly respected in the cleantech sector and will add significant value as we build our electronic waste processing facility and expand.’

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