Nu­cleAr wAste site still hAs long life de­spite work fAll

The Peterborough Evening Telegraph - - Business - By Paul Grin­nell paul.grin­nell@jpress.co.uk Twit­ter: @PTPaulGrin­nell

A haz­ardous waste cen­tre at King’s Cliffe still has a strong fu­ture de­spite a drop in the amount of low level nu­clear ma­te­rial that it has to han­dle, bosses have pledged. The re­as­sur­ance from waste spe­cial­ists Augean comes after it was re­vealed that the amount of low level ra­dioac­tive waste brought to the cen­tre had fallen by half.

Its cen­tre at King’s Cliffe, near Oundle, dealt with 867 tonnes of low level ra­dioac- tive waste in the first half of the year - com­pared to 1,747 tonnes in the first half of 2015.

Ac­cord­ing to the firm’s in­terim re­sults for the six months to June 30 this year, rev­enue from the dis­posal and treat­ment of the low level ra­dioac­tive waste fell by 53 per cent to £0.6 mil­lion with op­er­at­ing profit slid­ing into the red with a loss of £0.1 mil­lion.

The com­pany says the prob­lem is due to a slow­down in the rate of UK Gov­ern­ment spend­ing on nu­clear de­com­mis­sion­ing since May last year.

Augean chief ex­ec­u­tive Ste­wart Davies said :“It is frus­trat­ing be­cause over the years we have in­vested in the ca­pac­ity to han­dle this type of waste.

“We will have to wait and see if the Gov­ern­ment at­ti­tude changes

“But this type of waste is very small part of what we do at King’s Cliffe.

“Over­all the level of ac­tiv­ity has made it a bumper year for us.”

As well as its King’s Cliffe site, Augean has a non-haz­ardous land­fill site in Old Le­ices­ter Road, Wans­ford, and across the two sites em­ploys 19 staff - up from 16 last De­cem­ber.

Net rev­enue for the firm, which also op­er­ates sites across the UK, for the six months grew by 18 per cent to £36.8 mil­lion and prof­its be­fore tax rose by one per cent to £3.1 mil­lion.

Dr Davies said: “The group has per­formed well in the first half of 2016, with par­tic­u­larly strong per­for­mances from our en­ergy and con­struc­tion busi­ness and in­dus­try and in­fra­struc­ture busi­ness.

“The group is well-placed to con­tinue to take ad­van­tage of growth op­por­tu­ni­ties and to de­liver profit growth for 2016.”

Dr Davies added: “The group is con­fi­dent of de­liv­er­ing full year fi­nan­cial re­sults in line with mar­ket ex­pec­ta­tions.”

Augean chief ex­ec­u­tive Dr Ste­wart Davies.

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