Markets for Recycling Agricultural and Food Manufacturing Wastes Expanding

 

Veolia Environnement Growing Steadily as Recycling Becomes More Widespread

Veolia Environnement Growing Steadily as Recycling Becomes More Widespread

Veolia Environnement, a water, waste and energy services group and the world’s largest private supplier of drinking water, predicts that its income from food and agricultural companies will grow by 50 percent in the next few years. They expect that they will reach revenue of 1 billion euros ($1.4 billion), from 650 million euros in 2012. The boom is driven by environmental protection legislation and cost-cutting which makes recycling a more attractive option for many firms.

The France-based company provides the services of water recycling, turning biological waste into fuel, or turning waste products into reusable commodities useful to drink manufacturers, breweries, coffee producers and other agricultural-related industries.

The Chief Executive Officer of Veolia, Antoine Frerot, explained that the global food and agriculture sector is already spending about 11 billion euros every year just on subcontractors that take care of their waste and water. He added that this market will only expand as Veolia and its fellow industry members introduce new ways to recycle and as increased and stricter laws limit waste production.

“It is a technological arms race to create new markets for waste,” Frerot said.

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