GLASGOW-BASED bioremediation specialist Bio-Logic has teamed up with plant hire company GAP Group. Both firms hope that the move will help increase their share of the expanding UK and international soil recycling market.
The deal means that GAP now has a controlling interest in Bio-Logic. Initially, the group is expected to invest £150,000 in equity and up to £350,000 in the purchase and maintenance of the specialist machinery for bioremediation work.
And while GAP has an initial majority stake, the contract ensures Bio- Logic's current management team can earn back majority ownership once agreed targets are met.
Bio-Logic's Ex-Cell bio-remediation system uses fungi and bacteria to eat oil-based contaminants, converting the soil pollutants into harmless carbon dioxide and water. The rapid method removes contamination permanently in a matter of days and weeks.
Bio-Logic claims that Ex-Cell can tackle a wider variety of hard to remove toxic contaminants than its competitors and is more cost effective than conventional remediation treatments or landfill.
The company is currently carrying out a large soil bioremediation contract in Norwich, cleaning up 25,000m3 of soil, heavily contaminated with diesel and lubricating oil.
Work on the site of a former diesel engine filling area, aeroplane factory and gasworks is due to finish in the spring. Some 10,000m3 of soil is already below target or being treated.