White & Case Advises N+P Group on Acquisition of Crayford Materials Recycling Facility

Global law firm White & Case LLP has advised N+P Group on its acquisition of the Crayford Materials Recycling Facility from Viridor.

“This is the second time we’ve advised N+P in the last year as the company looks to expand its UK footprint and ramp up production of its innovative high grade alternative fuels,” said White & Case partner Richard Jones, who led the Firm’s deal team. “N+P’s investment in the Crayford facility will contribute to the global energy transition and help Londoners use their waste in the most efficient way. It is also another example of our ability to advise on complex separation issues on carve-out transactions such as this.”

N+P is an alternative fuels provider based in the Netherlands. Its core product, Subcoal, is a high grade alternative fuel pellet based upon various non-recyclable commercial and industrial waste streams. The fuel pellet can be used in many industrial applications as a substitute for solid fossil fuels like coal or lignite, including in coal power stations and in blast furnaces used in the steel making processes.

The Crayford Materials Recycling Facility is a key piece of recycling infrastructure in the London and south east England area and is one of the largest materials recycling facilities in England. It receives approximately 330,000 tonnes of commingled recyclate from 27 different local authorities a year. N+P aims to increase the capacity of the plant by around 170,000 tonnes, to 500,000 tonnes per year. This will enable N+P to produce its alternative fuels at the site from the non-recyclable waste fraction of the input.

The acquisition of the Crayford Materials Recycling Facility is the third by N+P since entering a strategic partnership with energy and commodity group Mercuria Energy Trading in April 2021, on which White & Case also advised. N+P intends to add a number of new alternative fuel production plants to its operation in Europe by 2026.

The White & Case team in London which advised on the transaction was led by partner Richard Jones, with support from partners Philip Trillmich, Lindsey Canning, Nicholas Greenacre, James Johnson, Martin Forbes and Will Smith and associates James Richards, Zack Trumper, Peter North, Amy Detheridge, Sarah Lee, Matt Ross, Francesca MacSwiney and Marco Zacchino.