Business

Pepsi plans switchover to 100 per cent rPET in more European markets

04.12.2020 − PepsiCo plans to switch over to 100 per cent recycled PET bottles in nine European countries over the next two years. The change-over will reduce its consumption of primary fossil-based PET by 70,000 tonnes a year.» more

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Renault to transform Flins auto plant into recycling hub

30.11.2020 − French automaker Renault aims to build a recycling plant that will be a "European reference in the circular economy". Director general Luca de Meo presented plans last week for the "Re-Factory" located 45 km outside of...» more

HaloSep recycling plant for fly ash from waste incineration officially inaugurated

27.11.2020 − Swedish recycler Stena Metall and Danish waste management company Vestforbraending officially inaugurated a demonstration plant to treat fly ash and effluent arising from flue gas cleaning at waste-to-energy (wte)...» more

Sale of Engie's Suez shares to Veolia remains suspended

19.11.2020 − Veolia's planned purchase of a major stake in competitor Suez remains on hold to allow Suez’s employees to be properly informed and consulted. » more

Prezero gets green light for Suez Nordic takeover

18.11.2020 − The European Commission has cleared the acquisition of the Swedish waste management company Suez Nordic AB by Prezero International GmbH. The overlaps between the activities of the two companies are negligible, the...» more

Significantly more plastic recycling needed by 2025

12.11.2020 − At least 15 million tonnes of plastic waste a year would be needed as input material by European recyclers if the EU plastics strategy target for recycled content is to be achieved, according to a new report released by...» more

PepsiCo on recycled content: "We are willing to pay the right price"

10.11.2020 − The beverage company PepsiCo has announced that it will use only 100 per cent rPET in the single-use bottles for its beverages on the German, Austrian and Swiss markets. EUWID spoke with Archana Jagannathan, PepsiCo’s...» more

Veolia confirms takeover plans

03.11.2020 − "The only thing preventing all Suez shareholders from benefiting from a public takeover bid at €18 per share is the opposition from the board of directors of Suez in its current form," said Veolia CEO Antoine Frérot...» more

AEB Amsterdam completes major revision at wte plant

27.10.2020 − AEB Amsterdam, operator of the largest waste to energy (wte) plant in the Netherlands, recently completed a scheduled major revision "on time and on budget". The works took place on two incineration lines in the older...» more

SSE to bow out of 50/50 joint ventures with Wheelabrator

14.10.2020 − The Scottish energy utility SSE plc is withdrawing from the waste incineration sector. The company will sell its 50 per cent stakes in both Ferrybridge multifuel power plants as well as its half of the planned Skelton...» more

Paris court suspends sale of Suez shares to Veolia

09.10.2020 − Veolia's planned purchase of a major stake in competitor Suez is on ice, at least for the moment. On Friday afternoon the judicial court of Paris issued a temporary injunction, ordering the suspension of the...» more

Engie to sell its Suez shares to Veolia

06.10.2020 − The die is cast: Engie will sell a large part of its stake in Suez to Veolia. The French utility's board of directors decided last night to accept the offer of around €3.4bn for 29.9 per cent of Suez's shares. With the...» more

Financial investor Ardian signals interest in Suez stake

01.10.2020 − There has been a new twist in the ongoing drama around Veolia's attempt to take over its environmental services competitor Suez. The private investment company Ardian has notified Engie of its interest in the...» more

Engie welcomes improved Veolia offer, requests more time

30.09.2020 − Engie has welcomed the improved offer Veolia presented for a 30 per cent stake in Suez. The offer was "in line with its expectations in terms of price and social guarantees," the French utility said in a statement...» more

Engie seeks higher price, greater assurances in exchange for its stake in Suez

18.09.2020 − The French utility Engie has rejected Veolia's initial offer for a nearly 30 per cent stake in rival Suez. Veolia had planned to pay around €3bn for the shares in the first stage of a two-step plan to acquire full...» more

Prezero to acquire Suez's waste business in Germany, the Netherlands, Luxembourg and Poland

16.09.2020 − The waste management company Prezero, a sister company to Lidl within the Schwarz Group, is to take over Suez's waste management operations in in Germany, the Netherlands, Luxembourg and Poland. In separate statements...» more

Biffa plans to end worker furloughs as revenues rebound

09.09.2020 − The British waste management company Biffa has seen its business improving month for month since the height of the Covid-19 outbreak and anticipates that it will be able to end staff furloughs by the end of September....» more

Veolia offer “carries great uncertainties”, Suez warns

02.09.2020 − A day after its initial, tersely worded response to the news that Veolia was mounting a takeover bid, the French group Suez issued a second statement. The environmental services company reported that its board of...» more

Veolia aims to buy stake in Suez as first step towards full take-over

31.08.2020 − The French environmental services giant Veolia has launched a takeover bid for competitor Suez, having made an offer for nearly 30 per cent of Suez's shares owned by the French utility concern Engie (formerly GDF Suez).» more

Recoup: UK needs to double its plastics recycling capacity

25.08.2020 − The British government plans to impose a tax on plastic packaging containing less than 30 per cent recycled material beginning in April 2022. In order to supply enough recycled plastic to meet that 30 per cent content...» more

EEW submits best bid for German waste to energy plant

21.08.2020 − The plant operator EEW Energy from Waste has put forward the best bid for a facility located in Pirmasens in Germany's southwest. » more

Sims posts net loss of AUD256m for 2019/20

18.08.2020 − US-Australian recycler Sims saw both sales revenue and earnings contract significantly in the financial year ended 30 June. "The rapid collapse in ferrous scrap prices in September 2019, combined with historically low...» more

FCC sells stake in British wte business to financial investor

06.08.2020 − Spain’s FCC group will sell a 49 per cent stake in a fleet of five fully-owned waste to energy (wte) plants in the UK to the financial investor Icon Infrastructure Partners. The agreement is worth £198m, FCC announced...» more

Veolia records 14 per cent decline in Q2 revenues from waste operations

30.07.2020 − The effects of the coronavirus crisis are clearly visible in the latest earnings figures released by the French environmental services concern Veolia. Revenues from its waste activities came in at around €2.2bn in the...» more

Glencore is the only remaining potential investor for Weser-Metall

29.07.2020 − The Swiss commodities trader Glencore is the only remaining party interested in taking over of the primary and secondary lead producer Weser-Metall and its smelter located in Nordenham, Lower Saxony.» more

Indaver boosts revenues and Ebitda in 2019

16.07.2020 − The Belgian waste company Indaver reports that it has achieved stable growth despite the challenging economic circumstances of the past three years.» more

Pennon completes sale of Viridor to investor KKR

08.07.2020 − The global investment firm KKR has completed the acquisition of British waste management company Viridor. KKR, which manages businesses in a variety of asset classes including energy, infrastructure and real estate,...» more

New deal to stabilise AEB Amsterdam

03.07.2020 − AEB Amsterdam has reached a refinancing agreement with banks and the city of Amsterdam, which owns the waste treatment plant operator. AEB announced on Thursday that the city would be prepared to make €36m available in...» more

Covid-19: Revenues fall and one-off costs mount at Suez

02.07.2020 − The French environmental services group Suez is the latest business to report being heavily affected by the coronavirus crisis. In its Recycling & Recovery segment, the group expects revenues for the first half of 2020...» more

Euric calls for support for plastic recycling in Europe

17.06.2020 − Recent sharp drops in prices and demand for recycled plastics threaten the economic viability of many plastics recyclers across Europe.» more