Following the failure of Orthios, the massive former aluminium plant at Holyhead, and multi-million-pound recycling equipment, are up for sale. The joint administrators have put up for sale the assets of Orthios (Anglesey) Technologies Limited and its subsidiaries, Orthios Feedstock (Anglesey) Limited and Orthios Otech 5 Limited. The 230-acre land can be purchased independently or as part of a package with the assets.
After smelting ceased in 2009, Orthios formally took over the Anglesey Aluminium plant in Holyhead in 2016. It established a materials recycling facility (MRF) and was working on a Plastics-to-Oil (P-2-O) unit at the time.
“This is a rare chance to acquire a valuable and near-complete green technology asset. Although further investment is required to complete the facility, it presents potential buyers an attractive opportunity to enter this fast-growing and exciting sector,” said Asher Miller, a joint administrator from Begbies Traynor.
As per reports, businesses had been in contact about overdue debts, and the company folded days afterwards, with up to 100 employees losing their jobs. The principal investor hired Begbies Traynor as administrator. On the site of the old aluminium smelting factory, there is a comprehensive Plastics Depolymerisation Unit (PDU). The Plant and Machinery team of Eddisons is marketing the plant and business for sale. There is currently no pricing listed.
“While the plant’s completion and commissioning is still required, this exciting opportunity within a growing sector includes the part-complete Plastics to Oil Facility with an anticipated output of 26,280 tonnes of plastic to 16.5million litres of oil. To date, the estimated development spend is in the region of £21.6million. Alongside this opportunity, the associated Material Recycling Facility designed to provide feedstock for the Plastic to Oil Plant and 230-acre former aluminium works on which the operations are housed will be included,” added Miller.
Responses
