O.C.O Technology restructures to create separate UK and international businesses
capture specialist O.C.O Technology has begun the new
year with a restructuring programme that has seen the creation of two distinct
businesses – one focusing on UK projects and one on the international market.
newly-created O.C.O Technology Group now comprises of O.C.O Technology (UK) alongside
O.C.O International; with a further subsidiary company O.C.O Technology
Australia, formed to look after the company’s projects in Australia.
appointments have been made to strengthen the UK’s Board of Directors, with Finance
Director Peter Wroth and Compliance Director Lee Thompson, each taking their
seat at the top table alongside Operations Director Paul Barber, Managing
Director Graham Cooper and Chief Executive Officer Steve Greig.
Greig, who sits on the Boards of both companies, said: “With so many
opportunities to drive the business forward in both the UK and overseas
markets, it had become clear that separating the two areas would make the best
strategic sense, both for us and our customers.
undoubted skills and experience of our two new directors onto the UK Board will
drive an even greater focus on developing our UK operations, including the
opening of our new £8 million carbon negative aggregate facility at Wretham in
Norfolk, later this year.
“On the international scene, our team continues to make huge strides with projects in Asia, North America, Australia and Europe and we are very excited about the opportunities to expand our carbon capture technology into further new and developing markets.”
O.C.O’s pioneering Accelerated Carbonation Technology (ACT) treats Air
Pollution Control residues (APCr), predominately from Energy from Waste
(EfW) facilities, with carbon dioxide gas. The process transforms it
into an artificial aggregate which, because more CO2 is
permanently captured than is used in the manufacturing process, is
recognised as the world’s first carbon negative aggregate.