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
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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
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