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Viridor: Difference between revisions
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Viridor acquired many other waste management and recycling companies through the late 1990's and early 2000's, including: [[Churngold]] in 2003, [[Wyvern Waste Services Limited]] in 2006, [[Thames Waste Management]] in 2004, [[Enviroscot Ltd]], [[Brett Waste Management]] and [[Terry Adams Ltd]]. | Viridor acquired many other waste management and recycling companies through the late 1990's and early 2000's, including: [[Churngold]] in 2003, [[Wyvern Waste Services Limited]] in 2006, [[Thames Waste Management]] in 2004, [[Enviroscot Ltd]], [[Brett Waste Management]] and [[Terry Adams Ltd]]. | ||
The sale of Viridor to [[Kohlberg Kravis Roberts]] (KKR) by Pennon was announced in March 2020 for £4.2bn<ref>https://www.pennon-group.co.uk/media/news/proposed-sale-viridor-%C2%A342-billion-kkr</ref> and completed in July 2020<ref>https://resource.co/article/viridor-acquired-kkr-42-billion</ref> | The sale of Viridor to [[Kohlberg Kravis Roberts]] (KKR) by Pennon was announced in March 2020 for £4.2bn<ref>https://www.pennon-group.co.uk/media/news/proposed-sale-viridor-%C2%A342-billion-kkr</ref> and completed in July 2020<ref>https://resource.co/article/viridor-acquired-kkr-42-billion</ref>. Since this acquisition the new owners have divested large parts of the business, in order to leave a focus on their [[EfW]] business and associated [[Plastics Recovery Facility|plastics recycling]] business<ref>[https://www.viridor.co.uk/who-we-are/latest-news/2021-news/viridor-agrees-to-sell-collections-business-and-majority-of-recycling-locations/ Viridor News Item]</ref>. The divestment of the following parts of the business have been concluded: | ||
* May 2021 Viridor announced the sale of their collections business and their recycling locations (excluding [[Crayfords Materials Recycling Facility]] and [[Pelican Reach (Plot L)]]) to [[Biffa]] which was completed in September 2021<ref>https://www.biffa.co.uk/viridor</ref> | |||
* December 2021 [[Equitix]] acquired a 20% stake in [[Viridor Energy]], comprising 11 assets of the original Viridor business (10 [[EfW]] sites and 1 [[PRF]])<ref>https://equitix.com/news/equitix-acquires-20-stake-in-viridor-energy/</ref> | |||
*January 2022 Viridor announced the sale of their [[Crayford MRF]] to [[N+P Group]]<ref>https://resource.co/article/viridor-sells-crayford-mrf-np</ref> | |||
* March 2022 Viridor completed the sale of their [[Landfill]] and [[Landfill Gas]] business, in its entirety, to [[Frank Solutions Ltd]]<ref>https://www.letsrecycle.com/news/viridor-sells-landfill-business/</ref> re-branded [[Valencia Waste Management]]<ref>https://www.letsrecycle.com/news/valencia-waste-major-landfill-operator/</ref>. | |||
In February 2023 Viridor announced the acquisition of [[Quantafuel ASA]]<ref>]https://www.viridor.co.uk/news-and-insights/viridor-backs-chemical-recycling-of-plastic-with-proposed-acquisition-of-quantafuel-asa/ Viridor News Item]</ref>, a business focused on converting waste plastics to raw polymers for use in the chemicals industry for new plastics (see [[Chemical Recycling of Plastics]]). | |||
The relative position of the top 5 waste companies, by turnover, is as follows: | |||
{| class="wikitable" | |||
|- | |||
! Company !! Turnover (million GBP) Most Recently Reported !! Note On Source and Date for Most Recently Reported | |||
|- | |||
| [[Veolia]] ||1,719 ||[[Veolia|Veolia Environmental Services (UK) Ltd]] only, as per financial year report ending December 2021<ref>Companies House: Veolia Environmental Services (UK)</ref> | |||
|- | |||
| [[Biffa]]|| 1,364 ||turnover shown net of landfill tax as per financial year report ending March 2022<ref>Companies House: Biffa Group Holdings (UK) Ltd</ref> | |||
|- | |||
| [[FCC]] || 795 ||as per proportion of Annual Report 2022 by the Group<ref>Companies House: FCC Environment (UK) Ltd reported £552m turnover year end December 2022</ref> | |||
|- | |||
| [[Suez]] || 765 ||as per accounts ending December 2022<ref>Companies House: Suez Recycling and Recovery UK Ltd</ref> | |||
|- | |||
|[[Viridor]] || 672 ||as per accounts published for year end March 2023<ref>Companies House: Viridor Ltd</ref> | |||
|} | |||
==Viridor Energy Sites on WikiWaste== | |||
List of [[Viridor Engergy]] Sites | |||
*[[Ardley EfW]] | |||
*[[Beddington EfW]] | |||
*[[Dunbar EfW (Oxwellmains EfW)]] | |||
*[[Exeter Energy Recovery Facility]] | |||
*[[Glasgow Renewable Energy and Recycling Centre (ACT)]] | |||
*[[Lakeside EfW ]] (Joint Venture with [[Grundon]]) | |||
*[[Peterborough EfW]] | |||
*[[Runcorn EfW]] | |||
*[[Avonmouth RRC]] | |||
*[[Trident Park (Cardiff ERF)]] | |||
==Viridor Entities Listed on WikiWaste== | ==Viridor Entities Listed on WikiWaste== | ||
The divestment of the Viridor businesses set out above has not yet been fully consolidated/reflected in the entities set out below. primarily as a result of the changes not yet being fully reflected in the waste return data. | |||
*[[Viridor Waste Management Ltd]] | *[[Viridor Waste Management Ltd]] | ||
*[[Viridor Waste (Somerset) Ltd]] (previously [[Wyvern Waste Services Limited]]) | *[[Viridor Waste (Somerset) Ltd]] (previously [[Wyvern Waste Services Limited]]) | ||