Monday, November 25, 2024

ABP agrees lease deal with recycler of scrap from British Steel

Associated British Ports has given a lease to Enicor in support of the company’s multi-million-pound deal with British Steel to export 400,000 tonnes of Skim Iron, sometimes known as pig iron skulls, from Immingham on the Humber.

Two deep sea vessels have been organised for a total of 47,000mts to ship the by-product to international markets. This is the largest scrap export shipment within the last few years. The first vessel arrived in port mid-January to collect the first shipment.

Simon Bird, Regional Director for the Humber ports said: “Enicor recognises the importance of Immingham as a gateway to the rest of the world. The Port of Immingham is ideally located with excellent links to global markets and will be vital in helping them fulfil their plans as a business.”

James Bowers, CEO of Enicor said: “Enicor has gone from strength to strength in recent years seeing turnover exceed £100M and tonnages exported reaching new levels.

“The opening of our Immingham dock operations is a milestone moment for the company allowing us to sell deep sea cargos worldwide. We understand that our first vessel of scrap exported will be the largest in recent years. We hope to maintain a close relationship with ABP over the coming years and push to execute vessels of similar size every four to six weeks. We would like to thank ABP for their support thus far.”

Enicor was founded last year after KJB Consulting acquired BW Riddle, a metal recycling business. Its HQ is in Derbyshire, and it operates a further office at Bourne in Lincolnshire.

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