Brigg-based GSA Environmental, which has been in operation for 13 years, currently generates a turnover of £2m and employs 10 people, however the firm plans to expand its team and add an additional 10 employees.
The firm specialise in the extraction of potentially toxic transition metals such as vanadium, molybdenum and nickel from oil refinery residues and power station ashes.
Managing director Michael Grimley, said: “At GSAEnvironmental, we find ways to recover valuable metals such as nickel and vanadium so that they can be recycled and re-used.
“We conduct significant levels of engineering design and research work that assists clients to find a better way of working with these materials. In most cases, the refinerpower producer can realise a commercial benefit as well as the obvious environmental improvements.”
The firm has been supported by an investment from Finance Yorkshire.
Grimley added: “The support from Finance Yorkshire will be invaluable as we move to the
next stage of our growth. We will add another 10 permanent staff over the next three to four years.
“We also plan to design and build a new metal recovery plant in the UK. That will require significant effort to obtain project finance.
Alex McWhirter, chief executive of Finance Yorkshire, said: “I’m delighted that our investment will lead to the employment of more people within this region.”