Veolia Environnement sees strong growth in toxic waste recycling and will keep investing in plants to treat industrial solvents and old batteries as it chases more sales from industrial clients.
The French water and waste group’s toxic waste business includes recycling lithium from batteries, vanadium from industrial catalysts, and cutting oil or lubricant polluted by metal shavings.
Strong growth at the division should help Veolia meet its goal of increasing sales to industrial clients to 50 percent from 30 percent, with the rest made up of municipal authorities that buy water and waste services.
The toxic waste division has a turnover of about 800 million euros, and sales at the unit are expected to grow by 10 percent per year in the next four to five years.
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