Waste recycling and renewable energy comany Sterecycle is taking the first steps towards raising funds for further expansion through the Canadian Stock Exchange.
Rotherham-based Sterecycle has signed a non-binding agreement with Canadian shell company, Spara Acquisition One Corporation, which could lead to Spara acquiring all Sterecycle’s shares in exchange for its shares. The deal would give Sterecycle a listing on Canada’s TSX Venture Exchange.
Sterecycle processes ‘black bag’ household and trade waste in rotating ovens, fed with steam at 130°C.
After processing, recyclable materials like metal and glass is separated out, leaving a biomass-rich soil-like substance called Sterefibre, which can be used as top soil or to grow biofuel crops.
Sterefibre can also be used as fuel for combined heat and power plants or turned into a biogas fuel.