Van Gansewinkel for sale; Eco refinery at Riihimaki EfW plant; Kentucky aluminium mill to be upgraded; Rwanda launches WEEE management initiatives; Surge in Gulf aluminium production
Dutch waste processor up for sale
Private equity firms CVC and KKR have put their Netherlands-based waste processing company Van Gansewinkel, with debts of €670m (£524m), up for sale. Van Gansewinkel has a turnover of arround €1bn, of which 60% is earned in the Netherlands. Germany-based Remondis, French firm Sita and US-based group Waste Management are seen as potential buyers.
Eco-refinery at Finland’s Riihimäki EfW plant
Ekokem is to construct an advanced mechanical biological treatment facility at its Riihimäki EfW plant in Finland for an investment of €10m. The plant would separate around 50,000 tonnes of metals, plastics and bio-waste from 100,000 tonnes of household, commercial and industrial waste per year, before it is incinerated.
Kentucky aluminium mill to be upgraded
US-based Aleris plans to invest $350m (£215m) to upgrade the capabilities of its aluminium rolling mill in Lewisport, Kentucky. The company expects to commence construction of the mill in the fall of 2014. The new facility will produce 480 million pounds of aluminium auto body sheet annually.
Rubber recycling plant in Bulgaria
Bulgaria-based car tyre importers, Medina Med and Diana have opened a rubber recycling plant in Stara Zagora. The investment on the plant is valued at BGN5m (£2m). They won a BGN 4m project under the conutry’s Energy Efficiency and Green Economy scheme and received 50% of the funding.
Rwanda unveils WEEE initiatives
The Rwanda government has unveiled initiatives to improve WEEE management in the country. Under the project, a national strategy will be formulated to support the establishment of sustainable recycling industries. The Environment and Climate Change Fund had provided $1.3m for the project that was rolled out in July.
Surge in Gulf aluminium production
Aluminium production in the Gulf region is projected to reach five million tonnes by 2015, accounting for 17.5% of the total global output, compared to 3.7 million tonnes in 2012. Gulf investments in the aluminium sector are expected to hit $55bn by 2020, compared to $30bn in 2011 on account of expansion of smelters and new projects in the region. Middle East’s aluminium exports will increase from 76% of all the production in 2013 to 85% by 2020.
Chinese ferrous scrap industry await VAT rebate
Chinese ferrous scrap processors are awaiting reintroduction of Value Added Tax (VAT) rebate on scrap sales. Recyclers were entitled of rebate of 70% on VAT in 2009 but this was cut to 50% in 2010. The following year, the government completely scrapped the rebate following misuse. Some processors failed to keep up the required standards and quality, while others evaded the tax system.