Veolia complete acquisition of Boomeco Ltd
Company expands its biomass energy operations with the purchase of waste wood processing specialist
WASTE-management firm Veolia have strengthened its presence in the biomass and waste-to-energy markets with the acquisition of Bristol-based Boomeco, a waste wood processor and producer of refuse derived fuel (RDF).
Veolia will assume control of the firm's business and assets, including its facilities for processing waste wood into chips to be used in combined heat and power plants and its RDF operations, where fuel is produced from non-recyclable residential waste.
The acquisition complements Veolia’s growth strategy to manufacture green products and energy; helping to save resources as part of a move towards a low carbon economy.
‘We are making significant progress in our drive to increase the quality of energy we are delivering from renewable sources,’ said Gavin Graveson, chief operating officer of Veolia's public and commercial UK division.
‘Veolia’s ongoing expansion in biomass and RDF production will help the UK meet its 2020 carbon emissions targets, reducing reliance on fossil fuels and enhancing domestic energy security.
‘The strategic acquisition of Boomeco will become our platform in the South West for wood and RDF production, strengthening our position in this growing market and supporting the sustainable circular economy.’
