£800k funding helps enable Total Waste Management Alliance (TWMA) to build unique technology
- £800k funding helps enable Total Waste Management Alliance (TWMA) to build unique technology
- TWMA expands business and reacts quickly to new contracts and growing customer demand
- Lombard’s finance solution helps support TWMA and its position as world leader
Total Waste Management Alliance Ltd (TWMA), headquartered in Aberdeen, is an environmental waste management contractor, providing drill cuttings containment handling and processing services to the global oil and gas industry.
Utilising its latest innovative technologies the company helps reduce the environmental impact of drilling within the energy sector. TWMA has a global operation and it provides the largest range of waste management services within the industry. TWMA is a heavily asset based company driven by customer demand. It needs financial flexibility to rapidly acquire assets as new contracts are awarded.
During discussions with The Royal Bank of Scotland about TWMA’s latest asset requirement Graham Dickie, TWMA Finance Director, was introduced to Graham Rettie, Lombard Relationship Director. Mr Dickie explains, "We required funding to build one new TCCRotoMill© system as part of our ongoing manufacturing programme. The technology gives us a complete environmentally sensitive system capable of containing and processing drill cuttings at source while recycling recovered oil back into the drilling fluid. This cost-effective method reduces the amount of drilling wastes helping to improve our client's environmental and safety performance.
"The TCCRotoMill© is an integral part of our business and a unique asset and with new contracts coming in fast it was vital for the funding to be delivered in a timely manner to allow us to grow in line with customer requirements. The flexible financing model puts TWMA in a position to react quickly to customer demand."
With a good understanding of the customer and the business, Lombard was able to help create a £800k finance solution to support TWMA’s domestic and international growth plans. Rettie explains, "We worked hard to ensure the technicalities associated with this unique asset were overcome. The pioneering TCCRotoMill© system puts TWMA years ahead of its competition and our finance model is well suited to a company that needs to react quickly to growing demand."
Lombard’s funding has helped enable TWMA to build technology that will support its growing business and its position as a market leader. TWMA is the only company in the world able to offer a fully integrated waste management solution and Lombard looks forward to continuing its support of this innovative and environmentally friendly business.
For more information about how Lombard could help your business grow, please call 0800 028 7164. Type Talk 18001 0800 028 7164.
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