Advertising

Veolia plans heavy investment in the UK

In an interview with news agency Reuters, Veolia UKs CEO Estelle Brachlianoff explained that the company intends to invest approximately 900 million Euro and is taking advantage of rising landfill taxes.
Anzeige

Brachlianoff said that the gradually rising landfill taxes have been a major revenue driver for Veolia in Britain, with an announced revenue of 2.4 billion Euros being the company’s second-largest market after France.

“We expect Britain will be a major growth area for Veolia in the coming five years as we help this country become greener”, Brachlianoff told Reuters.

Three quarters of Veolia’s revenue in the UK comes from waste recycling, the rest from energy services and water.

Brachlianoff said that as the landfill tax in the UK had been consistent and predictable, it had spurred a large recycling industry, cutting landfill of 80 per cent by half in 20 years.

Source: Reuters

Latest news

RECYCLING magazine provides independent, deeply investigated information about all aspects of secondary raw materials. The magazine has a long track record, it has a history of more than 70 years. more

RECYCLING magazine is a member of

Read about what matters in your industry
Newsletter
Stay informed and subscribe to our monthly RECYCLING magazine newsletter.
Register now

I consent to DETAIL Architecture GmbH regularly sending me individualised exciting news and events by email. The processing of my personal data is to be done in line with statutory provisions. I can rescind my consent in respect of DETAIL Architecture GmbH at any time.
close-link