Displaying items by tag: Acquisition

Indonesia: Heidelberg Materials subsidiary Indocement Tunggal Prakarsa has acquired a 20% stake in post-industrial and municipal resource management company Amita Prakarsa Hijau. Alongside recycling, Amita Prakarsa Hijau also produces refuse-derived fuels (RDF) for the cement sector. MarketLine News has reported that that the acquisition advances Indocement Tunggal Prakarsa's sustainable growth strategy.

Greece: Switzerland-based Holcim has acquired waste management company W.A.T.T. Recycling. W.A.T.T. Recycling commands 150,000t/yr of municipal solid waste (MSW) processing capacity and is a growing supplier of alternative fuels (AF) to the local market. The completion coincides with two other bolt-on acquisitions by Holcim in the building materials sectors of Spain and the UK.

Holcim’s Europe regional head Miljan Gutovic said “We are off to a strong start in 2024 with three strategic acquisitions. Fully in line with our strategy, they expand our range of innovative and sustainable solutions in high-growth markets. I warmly welcome employees of all three companies into the Holcim family to open our next chapter of green growth together.”

UK: N+P has expanded its footprint in Northeast England through the acquisition of Niramax Group. Niramax Group operates a 300,000t/yr solid recovered fuel (SRF) plant in Hartlepool, County Durham. The newly acquired subsidiary will henceforth operate as N+P Hartlepool MRF. N+P already operates a Subcoal SRF plant in nearby Stockton-on-Tees. It aims to increase its total number of plants to 15 from five across the UK and the Netherlands by 2028.

Chief executive officer Karel Jennissen said “We are delighted to have completed this acquisition and look forward to welcoming the workforce to the N+P family. This site is part of a pipeline of acquisitions being undertaken that began with Crayford MRF last year, the largest recycling plant in the UK, and this is a key part of our growth strategy alongside building new greenfield operations. In addition to its existing activities, Hartlepool will become a hub for N+P’s research and development, which will aim to deliver further innovations to the waste market in order to improve the environmental outcomes of waste treatment and further improve recycling rates.”

Spain: Mexico-based Cemex and its venture capital subsidiary Cemex Ventures have invested in Waste to Energy Advanced Solutions (WtEnergy), an energy startup company that has developed a process to transform solid waste into synthesis gas (Syngas) for industrial purposes.

WtEnergy converts biomass and non-recyclable waste into Syngas, which can be used in the short-term as a fossil fuel alternative or be upgraded in the medium- and long-term to gases such as biomethane or pure hydrogen. Cemex intends to incorporate this energy source into its clinker and cement manufacturing process, looking to further reduce the carbon footprint of its operations. Cemex aims to increase its fossil fuel substitution rate by 20% by 2030.

Gonzalo Galindo, the president of Cemex Ventures, said, “This investment aligns with our strategy to find innovative clean fuel and energy sources for the cement industry.” He added, “We have outlined an ambitious rollout strategy across multiple operations, starting with Spain and other European countries before expanding to other international markets.”

China: Anhui Conch Cement plans to acquire an additional stake in industrial solid and hazardous waste management company China Conch Environment Protection. Dow Jones Institutional News has reported that the group currently holds a 14% stake in the company.

Mexico: Cemex has acquired waste management company Broquers Ambiental. The company manages the separation, recovery and treatment of municipal solid waste (MSW) generated in the city of Queretaro. MSW from the company will be used as an alternative fuel at Cemex’s local cement plants. This acquisition is part of its Future in Action program, aimed to achieve carbon neutrality.

“With this acquisition, at Cemex, we are firmly committed to the circular economy by integrating our value chain to the production of climate-friendly fuels that we use in cement production. Our objective for this year is to double Broquer´s capacity and thereby contribute to the progress towards sustainability in the city of Queretaro, as well as the transformation of Mexico towards a green economy,” said Ricardo Naya, President of Cemex Mexico.

Broquers expects to increase the current staff by 50 new employees in 2022 to expand its processing capacity. The waste management company was reportedly the first plant of its kind in Mexico to use waste separation equipment in line with European standards for waste treatment.

UK: Netherlands-based N+P has acquired the Crayford Material Recycling Facility (MRF) in South-East London from Viridor for an undisclosed sum. The facility processes 330,000t/yr of dry mixed recyclables from Greater London, the South and South-East of the UK. It employs 260 people.

This is the third acquisition by N+P since it started a strategic partnership with commodities trading company Mercuria in April 2021 and more are planned. N+P has invested Euro90m in the UK in 2021 and it plans to invest the same amount in 2022. This is part of the company’s overall Euro239m investment between 2021 and 2022. The key driver of this expansion is to accelerate the production of N+P’s alternative fuel product Subcoal. N+P plans to increase throughput at Crayford to 500,000t/yr and it wants to add 13 alternative fuel production plants to its operations in Europe by 2026, producing over 5Mt/yr of alternative fuels per year.

“N+P’s rationale for acquiring the London location is driven by the company’s desire to expand production in locations throughout the UK and diversify its activities. Ultimately, having both an alternative fuel production location as well as a MRF operation at the same location optimises the complete value chain for waste. N+P believes the non-recyclable waste fraction can play a significant role in the transition to cleaner future proof energy sources,” said Stijn Jennissen, the chief commercial officer at N+P.

Netherlands: N+P Group acquired the Rotterdam Waalhavenweg waste sorting plant in South Holland from PreZero Nederland on 1 January 2022. N+P Group’s chief executive officer Karel Jennissen welcomed colleagues at the newly acquired location into the company.

Jennissen said “I am proud that [plant manager] Klaas Wierda and I could raise our flag.” He added enigmatically “Another flag is also on its way to a new location in the UK.”

Spain: Hanson Spain has agreed to sell some of its assets including its Madrid waste management plant to Cemex España. The buyer said that the investments promise a high return and are part of the strategic global strengthening of its vertically integrated positions near high-growth urban centres. It expects the deal to close in early 2022.

Europe, Middle East, Africa and Asia regional president Sergio Menéndez said “This acquisition will allow us to better serve our clients by integrating and complementing our portfolio to provide a comprehensive and sustainable offering in Cemex’s high-growth regions of Madrid and the Balearic Islands.” He added “This is another example of the efforts we make to optimise our portfolio and drive earnings before interest, taxation, depreciation and amortisation (EBITDA) growth through high-yield complementary investments."

Norway: Synthetic fuel producer and chemical waste management specialist Quantafuel has bought a 40% stake in Geminor from Geminor Invest. The owners of Geminor Invest, chief executive officer (CEO) Kjetil Vikingstad and chief operation officer (COO) Ralf Schöpwinkel, will retain a 60% share of Geminor.

Vikingstad said “With Quantafuel as a partner we hope to achieve our goal of becoming a leading player in material recycling and energy recovery in Europe. In collaboration with Quantafuel we want to increase the proportion of plastic for material recycling, and by this actively contribute to a circular economy for plastics in Europe.” He added, “Together, the companies form a value chain from the collection, sorting and treatment of plastic waste all the way to the process of chemical recycling. Plastic will now become more important for Geminor, but the company also has a clear strategy to develop fractions and streams within waste wood, refuse-derived fuel (RDF), solid recovered fuel (SRF) and paper.” He said that the company will continue to develop more sustainable waste fractions and extract more waste plastic for chemical recycling.

Geminor Invest chair Arne Haldorsen said “The international community has major challenges within waste management, especially when it comes to handling ever-increasing amounts of plastic waste. To meet these challenges the waste industry is becoming more industrialised, and new recycling solutions are currently being developed internationally. Geminor wants to be a key player in this process, something we hope to achieve with Quantafuel as a partner and co-owner.”