Orthios Otech5 Limited (11821880): administration
- Status
- Administration ended
- Administration began
- 2022-03-30
- Administrators
- Asher Miller, Stephen Mark Katz
- Administrators' firm
- Begbies Traynor
- Incorporated
- 2019-02-12
- Location
- London
- Industry
- 20590 Manufacture of other chemical products n.e.c.
Why it went into administration
- COVID-19
From the administrators' statement
The Orthios group acquired the former Anglesey Aluminium site in Holyhead in 2016 after smelting came to an end in 2009.
Its aim was to build and develop a materials recycling facility (“MRF”) and a Plastics-to-Oil (“P-2-O”) recycling facility, being a new and environmentally focused technology being developed to process previously unrecyclable items like crisp packets, sweet wrappers, polystyrene and cling film.
Therefore, the intention for the site was to sift out plastics in the MRF which lend themselves readily to new uses and the remainder will enter P-2-O process for transformation into a zero-sulphur blending oil and other substitutes for crude oil derivatives, which are of use to industry, including construction and manufacturing.
Administrators' statement of proposals (2022-05-25) · Companies House register