PARIS--(BUSINESS WIRE)--Regulatory News:
During a visit to Barcelona to inaugurate the first cold recovery network in Spain at the Port of Barcelona alongside its local partners, Veolia (Paris:VIE) unveiled its growth ambitions in the Spanish environmental services market.
Driven by the GreenUp strategic plan, the Group displays, in Spain, solid ambitions in terms of growth and investments in order to continue offering its municipal and industrial clients customized, innovative and effective solutions in response to their challenges. Veolia is thus using its global expertise in optimized resource management using digital technology, desalination of seawater, or the treatment of pollutants such as PFAS to change the game in Spain. In Europe, Spain is a key area for Veolia which, after investing more than €360 million between 2022 and 2023 to reach a turnover of €2.6 billion in 2023, continues its ambitious growth trajectory.
In the water sector, Veolia Spain offers solutions on the complete management of the water cycle for cities, industries and agriculture. While 75% of the Spanish territory is currently at risk of desertification and Spain is directly facing the consequences of climate change, Veolia invests and innovates to help territories adapt. Between 2022 and 2023 Veolia invested more than €270 million in adaptation, both in water concessions, the implementation of innovative solutions to reuse wastewater or to ensure quality water free of pollutants, and also in drought-related plans.
The Group also has significant ambitions in the sectors of energy efficiency and waste recycling, both at the heart of its strategy to depollute, decarbonize and preserve resources in Spain.
As a leader in energy efficiency in Spain, Veolia aims to support the country's electrification and decarbonization. 8 acquisitions in this sector will be concluded by the end of the year, including Geoter, Groen, Electrimega, Frimarte and Cactus, with a total investment of €50 million.
In the waste sector, the Group has made several key acquisitions between 2020 and 2023, notably the sites of TorrePET in Extremadura and La Red in Andalusia, specializing in plastic recycling. Veolia will thus be able to continue its work to maximize circularity, recycling and the recovery of materials.
"All over the world, we act and innovate to provide the most suitable solutions for different territories to help them adapt to the consequences of climate change. In this regard, Spain undoubtedly holds a special place for our Group. Given the resurgence and power of the country's successive climate episodes, and as 70% of Spanish citizens feel vulnerable to the effects of climate change today, it is more necessary than ever to act quickly. It is in this sense that we are accelerating our efforts to innovate alongside our customers and local partners. The investments we have initiated, both to ensure the best quality water under all circumstances and to locally produce renewable energies or even develop recycling, will allow the Spanish population to be better equipped to face the challenges posed by climate change", declares Estelle Brachlianoff, CEO of Veolia.
Veolia in Spain
- Established since 1867 through activities in water, energy and waste - Leader in water services & technologies, circular economy, hazardous waste and energy efficiency - €2.6 billion in turnover in 2023 - + 14,000 committed employees driving ecological transformation (x 6.2 since 2019) - + 40 industrial sites serving industrial and municipal clients - 3 R&D centers dedicated to water - 14 Digital Centers for deploying innovative solutions in water, energy and waste |
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ABOUT VEOLIA
Veolia's ambition is to become the benchmark company for ecological transformation. With nearly 218,000 employees on five continents, the Group designs and deploys useful, practical solutions for managing water, waste and energy that help to radically change the world. Through its three complementary activities, Veolia contributes to developing access to resources, preserving available resources and renewing them. In 2023, the Veolia group served 113 million people with drinking water and 103 million with wastewater services, produced 42 terawatt-hours of energy and recovered 63 million metric tons of waste. Veolia Environnement (Paris Euronext: VIE) generated consolidated sales of €45.3 billion in 2023. www.veolia.com
