Business

Remondis, BASF and Quantafuel to cooperate on chemical recycling

21.04.2021 − Chemicals concern BASF, the waste management company Remondis and Norwegian technology provider Quantafuel have signed a memorandum of understanding covering the chemical recycling of plastic waste. » more

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EU grants conditional approval for Prezero
acquisition of Suez waste management activities

14.04.2021 − The European Commission granted conditional approval yesterday for the sale of the majority of Suez's waste management activities in Germany, the Netherlands, Luxembourg and Poland to Prezero.» more

Suez and Veolia reach agreement on merger

12.04.2021 − Environmental service giants Suez and Veolia reached an agreement in principle on a merger on Sunday evening, ending months of increasingly acrimonious administrative and legal wrangling.» more

Schnitzer Steel achieves "best results in over a decade" in second financial quarter

08.04.2021 − US scrap metal recycler and steelmaker Schnitzer Steel profited from sharp increases in ferrous and non-ferrous prices in its most recent financial quarter. Demand surged following "many quarters of destocking", CEO...» more

Suez agrees to sell Australian waste activities to Cleanaway

07.04.2021 − French environmental group Suez wants to sell its waste management activities in Australia for AUD2.52bn (around €1.63bn) to Cleanaway, the Australian market leader. However, Suez may withdraw from the deal if it...» more

Scholz's revenues and sales volumes down in 2020

01.04.2021 − German steel recycler Scholz is yet another business adversely impacted by the coronavirus pandemic and the resulting economic downturn last year. » more

Paprec plans takeover of Dalkia Wastenergy

24.03.2021 − French recycling group Paprec is aiming to expand further into the waste-to-energy market. On Tuesday, the concern announced that it had entered into exclusive negotiations on the acquisition of Dalkia Wastenergy.» more

Raids in Austria: waste companies suspected of market manipulation

18.03.2021 − Searches were reportedly carried out at over 20 sites with ties to the Austrian waste management industry. » more

Suez: Veolia's proposal "no serious step forward"

12.03.2021 − The new proposal made by Veolia for the take-over of Suez is no "serious step forward" for the company’s stakeholders. Rather, it raised a number of question, Suez said in an initial reaction» more

Veolia presents new proposal for Suez

11.03.2021 − In an effort to speed up what it believes to be its "inevitable" merger with rival Suez, French environmental services Veolia presented a "balanced compromise" in Paris on Thursday morning. » more

Euric opposes ban on use of tyre-derived rubber infill in artificial turf pitches

10.03.2021 − The European Recycling Industries' Confederation is urging the EU Commission to continue allowing granular rubber derived from end-of-life tyres to be used as infill in artificial turf. » more

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

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