Synagro Achieves Commercial Operations of the City of Hamilton, Ontario Thermal Drying Facility
Project Underscores Synagro's Industry-leading Application of a Long-term Sustainable Solution to the Municipal Wastewater Treatment Market in the Beneficial Production and Reuse of Residuals
BALTIMORE, July 9, 2020 /PRNewswire-PRWeb/ -- Synagro Technologies, Inc., the preeminent provider of biosolids and residuals solutions services in North America, has announced the achievement of commercial operations at its newest thermal drying facility. For the next thirty years, the facility will provide uninterrupted service to the City of Hamilton, Ontario, Canada, at its Woodward Avenue Wastewater Treatment Plant. In 2018, Synagro, the lead proponent in the Harbour City Solutions team, along with Maple-Reinders and Bird Capital, was named as the winner of the Global Water Award of Distinction for Water Deal of the Year for the financing of this biosolids facility in partnership with the City.
"Synagro is honored to achieve this milestone – a joint effort with the City which owns the facility, as well as the Bird/Maple-Reinders Joint Venture who performed the design-build, utilizing industry-leading Andritz Separation's thermal drying technology," said Bob Preston, president and chief executive officer, Synagro. "Financing the Hamilton biosolids project using private capital leveraged Synagro's unique capabilities to create value for a municipality and underscored Hamilton's forward thinking vision which was essential to the outcome."
"The Hamilton project is Synagro's tenth heat drying facility, further expanding our portfolio of experience with more than twenty large-scale biosolids processing facilities provided via public-private partnership," said Pam Racey, vice president of project development, Synagro. "This project represents Synagro's first design-build-operate facility in the Canadian biosolids P3 market and establishes the company as a prominent participant in this growing sector."
Synagro put up 60 percent of the equity, the Bird Capital Group contributed 20 percent of the capital and Maple Reinders, the remaining 20 percent. Insurer Manulife Financial Corporation supplied the 30-year commercial debt portion, while the Desjardins Group provided a short-term debt facility and Andritz Separation, Inc. has been the technology provider.
About Synagro
Founded in 1986, Synagro Technologies, Inc. works to turn waste into worth by helping more than 800 municipal and industrial water and wastewater facilities in North America move toward safer, cleaner and more environmentally beneficial practices. For some, it's simply cleaning the water supply. For others, it's much more – we partner with them to process their waste for compost or energy pellets, creating healthy soil and sequestering carbon in the process. As the largest recycler of organic by-products in North America, we're trusted because we remove risks while keeping the logistics clean. Because we have the most experienced team in the industry, we can offer tailored solutions that ensure no waste goes to waste. Much of our work isn't pretty. But it's a greener world emerging from a cleaner one – worth coming from waste – and we think that's pretty beautiful. Visit synagro.com to learn more.
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SOURCE Synagro Technologies, Inc.
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