Investment accounts
Adult accounts
Child accounts
Choosing Fidelity
Choosing Fidelity
Why invest with us Current offers Fees and charges Open an account Transfer investments
Financial advice & support
Fidelity’s Services
Fidelity’s Services
Financial advice Retirement Wealth Management Investor Centre (London) Bereavement
Guidance and tools
Guidance and tools
Choosing investments Choosing accounts ISA calculator Retirement calculators
Share dealing
Choose your shares
Tools and information
Tools and information
Share prices and markets Chart and compare shares Stock market news Shareholder perks
Pensions & retirement
Pensions, tax & tools
Saving for retirement
Approaching / In retirement
Approaching / In retirement
Speak to a specialist Creating a retirement plan Taking tax-free cash Pension drawdown Annuities Investing in retirement Investment Pathways
SigmaRoc enters partnership to repurpose quarry spoil
(Sharecast News) - SigmaRoc announced a 10-year strategic alliance with Duo Group on Monday, to produce and sell sustainable limestone aggregates in the UK, a move projected to generate over £150m in incremental revenue while reducing environmental impact through the repurposing of limestone quarry waste.
The AIM-traded firm said the partnership was a significant step towards its goal of fully using the resources extracted from its quarries.
It said the agreement would see Duo Group setting up state-of-the-art processing plants at up to seven SigmaRoc limestone quarries.
The plants would reprocess historically-uneconomical quarry tip waste into premium construction material, in a bid to extend the operational life of the quarries and conserve natural resources, aligning with sustainable development goals by ensuring the complete use of quarried resources.
"We are delighted to partner with Duo Group on this project," said Michael Roddy, group managing director of the North West Region at SigmaRoc.
"This partnership marks another significant step forward in our commitment to sustainability."
SigmaRoc said quarry tips, or spoil tips, consist of previously-uneconomical materials discarded during quarrying operations.
By repurposing the materials using Duo Group's advanced processing equipment, the alliance was aiming to transform the resource into valuable construction material.
The structure of the alliance would see Duo Group establish large-scale reprocessing plants to manage material preparation, processing, loading, hauling, plant operation, and material dispatch.
SigmaRoc said it would provide the alliance with all unprocessed tipped materials, which previously held no commercial value, thus turning waste into a commercially viable product.
"This is exciting news for the Group, proving both our ability to drive increased value as well as bringing us closer to achieving our goal of 100% utilisation of all production materials," added chief technical officer Charles Trigg.
At 0949 BST, shares in SigmaRoc were up 1.05% at 67.1p.
Reporting by Josh White for Sharecast.com.
Share this article
Related Sharecast Articles
Important information: This information is not a personal recommendation for any particular investment. If you are unsure about the suitability of an investment you should speak to one of Fidelity’s advisers or an authorised financial adviser of your choice. When you are thinking about investing in shares, it’s generally a good idea to consider holding them alongside other investments in a diversified portfolio of assets. Past performance is not a reliable indicator of future returns.
Award-winning online share dealing
Search, compare and select from thousands of shares.
Expert insights into investing your money
Our team of experts explore the world of share dealing.
Policies and important information
Accessibility | Conflicts of interest statement | Consumer Duty Target Market | Consumer Duty Value Assessment Statement | Cookie policy | Diversity, Equity & Inclusion | Doing Business with Fidelity | Diversity, Equity & Inclusion Reports | Investing in Fidelity funds | Legal information | Modern slavery | Mutual respect policy | Privacy statement | Remuneration policy | Staying secure | Statutory and Regulatory disclosures | Whistleblowing policy
Please remember that past performance is not necessarily a guide to future performance, the performance of investments is not guaranteed, and the value of your investments can go down as well as up, so you may get back less than you invest. When investments have particular tax features, these will depend on your personal circumstances and tax rules may change in the future. This website does not contain any personal recommendations for a particular course of action, service or product. You should regularly review your investment objectives and choices and, if you are unsure whether an investment is suitable for you, you should contact an authorised financial adviser. Before opening an account, please read the ‘Doing Business with Fidelity’ document which incorporates our client terms. Prior to investing into a fund, please read the relevant key information document which contains important information about the fund.
This website is issued by Financial Administration Services Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) (FCA Register number 122169) and registered in England and Wales under company number 1629709 whose registered address is Beech Gate, Millfield Lane, Lower Kingswood, Tadworth, Surrey, KT20 6RP.
