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
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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
Scholz plans to recycle ELVs and aluminium scrap in China
10.06.2020 − The German ferrous scrap recycler Scholz intends to expand its activities to the Chinese market. Together with China Hongqiao, one of the world's largest aluminium producers, Scholz intends to develop and operate a...» more
Focus shifts back to China as Covid-19 crisis fades
03.06.2020 − Recycling industry insiders expect that China will play a key role in markets for secondary raw materials in the wake of the coronavirus pandemic. But perhaps it will be a different role than before as multinational...» more
Derichebourg reports declines in sales and earnings
27.05.2020 − The French group Derichebourg expects its ferrous and non-ferrous metals recycling business to recover by autumn, at the earliest. Activity levels have made good progress since bottoming out at the beginning of April....» more
Recylex's fate hangs on the continued operation of Nordenham smelter
22.05.2020 − The future of the financially strapped Franco-German metal group Recylex is tightly linked to the fate of the German subsidiary Weser-Metall GmbH and its lead smelter in Nordenham, Germany. "Recylex S.A.'s capacity to...» more
PRE: State support necessary to ensure survival of plastics recycling
18.05.2020 − Recycling must be included among the sectors supported in the recovery plans being drafted by the EU and its member states, says Plastics Recyclers Europe. » more
Recylex applies for protective shield procedures for German operations
14.05.2020 − The Recylex Group has applied for creditor protection under German law for its subsidiaries Weser-Metall GmbH, Harz-Metall GmbH, Norzinco GmbH and PPM Pure Metals GmbH. » more
Alpla doubles PET recycling capacity in Poland
12.05.2020 − Austria’s Alpla group started up a second PET regranulation line in Poland at the beginning of May. The new line doubles capacity at the subsidiary PET Recycling Team in Radomsko from 15,000 to 30,000 tonnes a year of...» more
KKR has received EU clearance for Viridor take-over
12.05.2020 − The European Commission's Competition Directorate-General sees no obstacles to the sale of the British waste company Viridor to the private equity firm KKR.» more