RCS - Renewi PLC - Renewi’s organic growth commitments

RenewiAnnouncement

02/04/2024 08:45

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RNS Number : 9209I  Renewi PLC  02 April 2024

 Renewi plc (RWI)

Renewi plc: Delivering on Renewi's organic growth commitments - Opening of
 hard plastics sorting facility Acht

02-Apr-2024

2 April 2024

 Delivering on Renewi's organic growth commitments

 Opening of hard plastics sorting facility Acht

 Renewi plc ("Renewi", the "Company" or, together with its subsidiaries, the
 "Group") (LSE: RWI.L: Euronext Amsterdam: RWI.AS), a leading European
 waste-to-product company, announces the recent opening of its hard plastics
 sorting facility in Acht, The Netherlands. With this strategic investment,
 first announced during its Capital Markets Day ("CMD") in October 2023, Renewi
 is delivering on its sustainable organic growth objectives.

 Hard plastics are used in a wide variety of products, including children's
 toys, garden furniture, electronics, household appliances, cars and
 containers. The newly opened facility will allow the Company to recycle not
 only separately collected plastics, such as a hard plastic mix from recycling
 centres, but also more contaminated material from construction and demolition
 waste. The installation categorises plastics into as many as 18 distinct
 product streams, with polypropylene and polyethylene being the primary
 streams. By implementing advanced technology and incorporating sorting and
 cleaning processes, the purity rate for both types of plastic is a minimum of
 95%. This advancement expands the range of high-quality products that can be
 manufactured using recycled materials.

 Ongoing commitment to innovation in recycling

 With the opening of its new facility, Renewi advances its recycling efforts,
 solidifying its position as a leader in the sector and reducing reliance on
 traditional waste disposal methods. The Acht facility showcases Renewi's
 innovative approach towards future recycling processes and will help increase
 the Company's recycling rate further. Renewi aims to expand partnerships with
 industry leaders and stakeholders, reaffirming its commitment to
 sustainability and helping leading the charge towards a waste-free future.

 In FY23, Renewi recycled 7 million tons of the total incoming waste,
 generating a recycling rate of 63.4%. By leveraging state-of-the-art
 technology, Renewi continues to enhance its recycling capabilities, producing
 more and more low-carbon secondary materials. Through ongoing innovation and
 investment in research and development, Renewi seeks to refine its processes
 and explore new recycling avenues to meet the growing demands of the circular
 economy.

 In FY22 the Company, announced it would invest over €100m over the
 subsequent 3 years leading to a €20m EBIT improvement. This plan encompassed
 projects such as optimising residual waste sorting, advancements in household
 appliance recycling and production of biofuels like bio-LNG and green gas from
 food waste, showcasing promising advancements and reaffirming Renewi's
 commitment to delivering on its promises. The Acht plastics sorting facility
 is expected to contribute to achieving Renewi's EBIT and topline growth
 targets as well as help make progress towards a more sustainable future.
 Looking forward, Renewi remains committed to investing in high-return projects
 to drive growth and margin improvement.

For further information:

 FTI Consulting                                                 Renewi plc

 +44 203 727 1340                                               Anne Metz, Director of Investor Relations

 FTI_RWI@FTIconsulting.com (mailto:FTI_RWI@FTIconsulting.com)   +31 6 4167 9233

 Alex Le May / Richard Mountain                                 investor.relations@renewi.com (mailto:investor.relations@renewi.com)

 

 About Renewi plc

 Renewi is a pure-play recycling company with a focus on extracting value from
 waste and used materials rather than disposal through incineration or
 landfill. The company also plays a key role in limiting resource scarcity
 through the creation of secondary materials, and by so doing addresses both
 social and regulatory trends and contributes to creating a cleaner, greener
 world.

 Renewi's vision is to be the leading waste-to-product company in the world's
 most advanced circular economies. With an industry leading recycling rate of
 64%, Renewi puts 7m tonnes of low carbon secondary materials back into reuse.
 This is a significant contribution to climate change mitigation and the
 circular economy. Our recycling protects virgin resources and avoids emissions
 of more than 2.5 million tonnes of CO2.

 Renewi, which draws on innovation and the latest technology to turn waste into
 useful materials - paper, metals, plastics, glass, wood, building materials,
 compost and water - employs over 6,500 people who work on 154 operating sites
 in 5 countries across Europe and the UK. Renewi is recognised as a market
 leader in Benelux and a European leader in advanced recycling.

 Visit our website for more information: https://www.renewi.com
 (https://www.renewi.com/nl-nl/) .

Dissemination of a Regulatory Announcement, transmitted by EQS Group.

The issuer is solely responsible for the content of this announcement.

 

 

About Renewi plc

 

Renewi is a pure-play recycling company with a focus on extracting value from
waste and used materials rather than disposal through incineration or
landfill. The company also plays a key role in limiting resource scarcity
through the creation of secondary materials, and by so doing addresses both
social and regulatory trends and contributes to creating a cleaner, greener
world.

 

Renewi's vision is to be the leading waste-to-product company in the world's
most advanced circular economies. With an industry leading recycling rate of
64%, Renewi puts 7m tonnes of low carbon secondary materials back into reuse.
This is a significant contribution to climate change mitigation and the
circular economy. Our recycling protects virgin resources and avoids emissions
of more than 2.5 million tonnes of CO2.

 

Renewi, which draws on innovation and the latest technology to turn waste into
useful materials - paper, metals, plastics, glass, wood, building materials,
compost and water - employs over 6,500 people who work on 154 operating sites
in 5 countries across Europe and the UK. Renewi is recognised as a market
leader in Benelux and a European leader in advanced recycling.

 

Visit our website for more information: https://www.renewi.com
(https://www.renewi.com/nl-nl/) .

 

 

Dissemination of a Regulatory Announcement, transmitted by EQS Group.

The issuer is solely responsible for the content of this announcement.

 ISIN:           GB00BNR4T868
 Category Code:  MSCM
 TIDM:           RWI
 LEI Code:       213800CNEIDZBL17KU22
 Sequence No.:   312909
 EQS News ID:    1870937

 

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