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     117  0 Kommentare Acquisition of ECO, Singapore's Leading Hazardous Waste Company

    Regulatory News:

    Séché Environnement (Paris:SCHP) announces the signature of an SPA1 with a view to acquiring ECO Industrial Environmental Engineering Pte Ltd (“ECO”), the leading player in the hazardous industrial waste market in Singapore.

    With the widest range of products and services on offer, a loyal customer base of core industries and the latest high-performance industrial facilities, ECO will give Séché a major position in a dynamic industrial region where the Group was previously less active.

    This acquisition is fully in line with Séché's ambition to support its core industrial customers in the dynamic hazardous industrial waste markets of Southeast Asia.

    An accretive transaction, this acquisition reinforces the Group's prospects for growth and profitability.

    Present since 1995 across the entire value chain in the hazardous waste business, and with a market share of around 32%, ECO is today the number one operator in Singapore’s hazardous waste recovery and treatment markets, well ahead of its main competitors in terms of installed capacity, volumes handled, service offerings and customer portfolio.

    A major player in the circular economy applied to hazardous waste.

    A true "all-in-one" recovery and treatment center for hazardous industrial waste, ECO is located on a single site of 68,400 m2, where its facilities (incinerators with or without energy recovery, industrial water treatment plant, stabilization plant, etc.), all recent and with complementary technologies, have a total annual capacity of almost 440 Kt.

    ECO has all the authorizations required to manage various types of solid, gaseous, and liquid hazardous waste - including industrial wastewater treatment plant sludge - from a diversified customer base of blue-chip industrials belonging to the core target sectors of chemicals, pharmaceuticals, energy and renewables and semiconductors.

    With around 300 employees, ECO is present for its customers at every stage of the hazardous waste management value chain in Singapore, providing collection, transportation, recovery, and treatment services for hazardous waste.

    ECO also holds stakes in two joint ventures active in the circular economy, one specializing in activated carbon reactivation with a global chemicals manufacturer, and the other in precious metals regeneration in partnership with a global precious metals recycling manufacturer.

    In 2023, almost 80% of the Company's sales were generated by the recovery and treatment of hazardous waste and 10% by the treatment of sewage sludge from Singapore's Water Reclamation Plants.

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    Acquisition of ECO, Singapore's Leading Hazardous Waste Company Regulatory News: Séché Environnement (Paris:SCHP) announces the signature of an SPA1 with a view to acquiring ECO Industrial Environmental Engineering Pte Ltd (“ECO”), the leading player in the hazardous industrial waste market in Singapore. With …