Sheffield-owned chemicals firm set to double in size after breakthrough in making sustainable household products
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In-house scientists at Libra Speciality Chemicals have developed new formulations of chemicals used in products including shampoo and washing-up liquid which require a third less energy to make.
The firm has spent £3.5m on a new plant to manufacture these ‘low-salt betaines’ and increase production.
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Hide AdLibra, which employs 65 and turns over £40m, hopes the investment will see it double in size.
The firm is part of the Sheffield-based GRI Group.
Chairman and chief executive Graham Royle said: “This is a transformational investment that will help create a new generation of environmentally-friendly, renewable, plant-based cleaning products that are sulphate-free, energy efficient and create zero waste.
“We are committed to ‘Green Chemistry’, seeking ever-better environmental and sustainable solutions for everyday products.
“I’m very optimistic about the future. We’re innovating and winning new business in new markets around the world.”
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Hide AdLibra Speciality Chemicals was founded in 1971. Since joining the GRI Group in 2010, revenues have quadrupled to £40m and the workforce has doubled in size. The company says its factory is 100 per cent powered by renewable energy. Customers include Procter & Gamble, Unilever and PZ Cussons.
The firm borrowed £2m from Lloyds Bank.
Lee Bloodworth, relationship director, said: “The innovation and commitment to sustainability shown by Libra Speciality Chemicals is truly impressive and can support the development of a new generation of eco-friendly cleaning products.
“Growing consumer demand for sustainable products and the developing ‘green economy’ presents lots of opportunities.”
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