Business

FCC's turnover from waste activities stable in 2020

04.03.2021 − The Spanish services concern FCC posted revenues of €2.89bn from its Environment business area for the year 2020. Division revenues edged only 1 per cent lower against the prior year and still accounted for nearly half...» more

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Suez ends 2020 with a loss of over €200m

26.02.2021 − The coronavirus crisis and other extraordinary burdens have left clear marks on the results of the French environmental group Sue» more

"Exceptional and historic year for Veolia"

25.02.2021 − French environment services group Veolia says that in 2020 it showed its "strong resilience and rebound capacity" in the face of the Coronavirus crisis. The concern has not yet fully recouped the short-fall in sales and...» more

Sims delivers "significantly better results" in H1 of 2020/21

16.02.2021 − US-Australian scrap recycler Sims achieved higher earnings in its first financial half despite lower revenues, the company reported on 15 February. Sales revenues in the six months ended 31 December slipped nearly 10...» more

Umicore's recycling division delivers substantial growth in 2020

12.02.2021 − Belgian metallurgical group Umicore today reported sharply higher figures for its recycling division in the 2020 calendar year. Both revenues and earnings for the year increased significantly annual comparison. » more

Veolia recovers its rights as Suez shareholder

03.02.2021 − French environmental services group Veolia secured a win today in the on-going legal wrangling over its planned takeover of competitor Suez. » more

Letter of intent: Will Ardian and GIP prevent “dismantling” of Suez?

17.01.2021 − Suez’s board of directors has unanimously welcomed an announcement by investment companies Ardian and GIP (Global Infrastructure Partners) that they intend to make an offer for Suez’s shares. A letter of intent, which...» more

Chemical recycler Quantafuel acquires 40 per cent of Geminor

14.01.2021 − Quantafuel ASA, which specialises in the chemical recycling of plastic waste, is acquiring a 40 per cent holding in the Norwegian waste trader Geminor. » more

Suez to found carbon capture JV with Fermentalg

05.01.2021 − Environmental services concern Suez has announced plans to found a carbon capture joint venture with the French company Fermentalg. Through the 50/50 partnership the companies plan to industrialise and commercialise...» more

Reconomy to acquire Reverse Logistics Group

22.12.2020 − The British waste management service provider Reconomy continues to grow. Following the acquisition of packaging compliance system Noventiz, the company is purchasing the German Reverse Logistics Group (RLG).» more

Derichebourg expects outlook to improve in 2020/21

10.12.2020 − French recycling and services group Derichebourg closed out its 2019/20 business year with lower sales and, while earnings fell, the concern still recorded a profit. Company chairman and CEO Daniel Derichebourg sees “a...» more

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

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