Veolia acquires waste wood firm
Veolia UK, a branch of the French Veolia Group, has announced that it has completed the acquisition of the business and assets of Boomeco, a waste wood processor and producer of Refuse Derived Fuel (RDF).
Based in Avonmouth, Bristol, the Boomeco site processes a variety of grades of wood into wood chips to be used in combined heat and power plants and produces RDF from residual household waste.
This acquisition complements Veolia's growth strategy to manufacture green products and green energy helping to save resources as part of the move towards a low carbon economy.
Gavin Graveson, Veolia's chief operating officer public and commercial in the UK, said: "We are making significant progress in our drive to increase the quality of energy we are delivering from renewable sources.
"Post-COP21, 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."