16 Apr 2008 07:01
TEG Group (The) PLC16 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, whichconverts organic wastes into natural organic fertiliser, announces itssubsidiary TEG Environmental Limited has achieved the PAS100 standard for itscompost products at its plant in Todmorden and has been accredited with thecoveted Quality Protocol standard. By achieving the Quality Protocol standard,the Company's compost is officially classified as a product rather than arecycled waste stream, and is no longer subject to regulation by theEnvironment Agency. The process to achieve PAS100 and the Quality Protocol has been managed by TEGEnvironmental's sister company, the Natural Organic Fertiliser Company("NOFCO"). NOFCO was established to create new markets for TEG compost, provideexpertise and security to TEG customers and to enhance the value of itsproducts. The achievement of the Quality Protocol standard will allow NOFCO todistribute 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 ofour compost products and we are one of only a handful of companies to achievethis standard. This opens up exciting new markets for TEG and NOFCO, provides further valuable security to our customers and underlines our belief that TEGsupplies 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 fewapproved technologies capable of treating animal by-product (ABP) waste. Planteconomics are predominantly driven by the gate fees charged, rather than thevalue of the end product (compost). The TEG process is an economic alternativeto landfill. The Silo Cage system, one of the few technologies in Europe capable of treatingthis waste, is a natural process producing compost as an end product, used as anexcellent soil conditioner that fertilises, retains moisture, provides structureand reduces the incidence of plant disease. TEG's Silo-Cages are housed inself-contained buildings, are not unsightly and are environmentally friendly. Customers include local authorities, waste management companies, foodprocessors, farmers and landowners. The Company's expanding market is driven byincreasingly stringent EU and UK legislation regulating the treatment anddisposal of organic waste. Statutory targets for the diversion of waste fromlandfill increase annually through to 2020, increasing TEG's market opportunityyear on year. The Waste Resource Action Programme estimates that 450 compostingplants will be needed by 2020 to satisfy local authority requirements alone, andthere is increasing demand from the private sector driven by ABP legislation. NOFCO is a marketing company specialising in the development of end markets forcompost products, an important aspect of all plant developments and key to localauthority development. The company has an expertise in the development ofagricultural and horticultural markets and this capability is to be provided tocustomers to enhance TEG's overall service offering. This information is provided by RNS The company news service from the London Stock Exchange