TEG Group (The) PLC
16 April 2008
For release 7:00 a.m. 16 April 2008
The TEG GROUP PLC (TEG)
('TEG' or 'the Company')
TEG Achieves Quality Standard
The TEG Group PLC, the AIM-listed cutting edge green technology company, which
converts organic wastes into natural organic fertiliser, announces its
subsidiary TEG Environmental Limited has achieved the PAS100 standard for its
compost products at its plant in Todmorden and has been accredited with the
coveted Quality Protocol standard. By achieving the Quality Protocol standard,
the Company's compost is officially classified as a product rather than a
recycled waste stream, and is no longer subject to regulation by the
Environment Agency.
The process to achieve PAS100 and the Quality Protocol has been managed by TEG
Environmental's sister company, the Natural Organic Fertiliser Company
('NOFCO'). NOFCO was established to create new markets for TEG compost, provide
expertise and security to TEG customers and to enhance the value of its
products. The achievement of the Quality Protocol standard will allow NOFCO to
distribute the compost into a wide range of commercial markets.
Commenting for TEG, Chief Executive Mick Fishwick said:
'Achieving PAS100 and the Quality Protocol is evidence of the high quality of
our compost products and we are one of only a handful of companies to achieve
this standard. This opens up exciting new markets for TEG and NOFCO, provides
further valuable security to our customers and underlines our belief that TEG
supplies the leading in vessel composting technology in the UK.'
ENDS
Contact:
The TEG Group Plc Tel: 01772 314100
Michael Fishwick, Chief Executive
Adventis Financial PR Tel: 020 7034 4758
Tarquin Edwards
Canaccord Adams (Nomad) Tel : 020 7050 6500
Robert Finlay
Editor's Notes:
TEG
TEG provides an in-vessel composting technology, which is one of the few
approved technologies capable of treating animal by-product (ABP) waste. Plant
economics are predominantly driven by the gate fees charged, rather than the
value of the end product (compost). The TEG process is an economic alternative
to landfill.
The Silo Cage system, one of the few technologies in Europe capable of treating
this waste, is a natural process producing compost as an end product, used as an
excellent soil conditioner that fertilises, retains moisture, provides structure
and reduces the incidence of plant disease. TEG's Silo-Cages are housed in
self-contained buildings, are not unsightly and are environmentally friendly.
Customers include local authorities, waste management companies, food
processors, farmers and landowners. The Company's expanding market is driven by
increasingly stringent EU and UK legislation regulating the treatment and
disposal of organic waste. Statutory targets for the diversion of waste from
landfill increase annually through to 2020, increasing TEG's market opportunity
year on year. The Waste Resource Action Programme estimates that 450 composting
plants will be needed by 2020 to satisfy local authority requirements alone, and
there is increasing demand from the private sector driven by ABP legislation.
NOFCO is a marketing company specialising in the development of end markets for
compost products, an important aspect of all plant developments and key to local
authority development. The company has an expertise in the development of
agricultural and horticultural markets and this capability is to be provided to
customers to enhance TEG's overall service offering.
This information is provided by RNS
The company news service from the London Stock Exchange
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