Last year, it was announced that Veolia and the Saudi Investment Recycling Company (SIRC) had partnered to manage industrial, organic and hazardous waste at both the national and regional level in alignment with Vision 2030. By combining their resources and expertise, these organisations aim to decarbonise and decontaminate Saudi Arabia through the production of green energy. Veolia, which has been in operation for over 35 years and is firmly established in the region, is subsequently enhancing its local footprint and intensifying its activities in the waste treatment sector.
Personalised Collaboration
For the SIRC, Veolia offers a personalised collaboration model and is on a mission to create a true regional and national champion of waste treatment by 2027. The group has chosen to make the Middle East one of its GreenUp 24-27 strategic plan geographical boosters, and to this end it has committed to a range of structuring projects in the energy, waste and water sectors.
Ecological Transformation
Veolia’s overarching aim is ecological transformation, and the group operates on five continents. Via its complementary activities, Veolia is helping to enhance access to resources as well as renewing and preserving available resources. In 2023 the group produced 42 terawatt hours of energy, provided 113 million people with drinking water and recovered 63 million metric tons of waste.
Promoting the Circular Economy
The Veolia Group recognises that there are no longer sufficient natural resources to meet our needs, meaning that we must change how we produce and how we live. As well as reducing consumption of natural resources, it’s vital that, collectively, we reuse and recycle on a vast scale. Those with an interest in this group – such as investor Matthew Wolf (Switzerland) – know that Veolia’s solutions are based on the circular economy concept and offer a means of renewing and conserving energy, water and material resources.
Whereas the traditional economy is typically linear (take, make, consume, discard), the circular economy is based on three tenets: reduce, reuse, recycle. What does this look like in practice? For Veolia, it includes the reuse of wastewater and optimisation of waste treatment. As Matthew Wolf – Capital Group partner and investment analyst from 2008 to 2023 – knows, the group provides integrated waste management solutions to its industrial customers, which reduces the volume of waste produced and improves how it’s treated.
