Waste management giant Veolia stepped up its push into the biomass and waste-to-energy market yesterday with confirmation it has acquired Gloucestershire-based waste wood processing specialist Boomeco.
Veolia will assume control of the firm's business and assets, including its facilities for processing waste wood into chips to be used in combined heat and power plants and its Refuse Derived Fuel (RDF) operations, where fuel is produced from non-recyclable household waste.
"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," said Gavin Graveson, chief operating officer of Veolia's public and commercial UK division, in a statement.
Veolia bought the business on the same day it was placed into administration last month, letsrecycle.com reported, but the deal was only announced yesterday.
The acquisition provides further evidence of Veolia's plans to strengthen its presence in the biomass and waste-to-energy sectors.
The company announced last month it increased biomass energy capacity in the UK and Ireland by more than 55MW in 2015, delivering enough low carbon power for 20,000 homes.
The company has also called on the government to take biomass more seriously as a cost-effective renewable energy source, arguing it could provide almost 20 per cent of the UK's primary energy provision by 2050.
"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," said Graveson.
Critics of biomass and waste to energy plants argue they lead to higher emissions than other forms of clean power and can reduce pressure on councils to ensure materials are reused or recycled rarther than burnt.
But advocates for the industry maintain waste-to-energy plants are much cleaner than the previous generation of incinerators and can offer a reliable base load of cost effective low carbon power.
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