Latest news with #environmentalservices
Zawya
10-07-2025
- Business
- Zawya
Saudi's NWC to implement 38 water, sanitation projects for $533mln
Riyadh – The National Water Company (NWC) started executing 38 water and sanitation projects in the Asir region of the Southern Cluster at a combined value of SAR 2 billion. These projects include the construction of lines and networks exceeding 2,534 kilometers long, according to a press release. They align with NWC's strategic plans to develop infrastructure in the water and environmental services sectors and expand the coverage of the services it provides to its customers. Meanwhile, the company began implementing 27 water projects in Asir region across several districts, including Abha, Khamis Mushait, An Namas, Ahad Rafidah, and Mahayel Asir, among others. NWC will also implement transmission lines and networks with a total length of 2,177 kilometers, as well as construct 16 water reservoirs with a total capacity of 54,500 cubic meters. It will install pumping stations with a total daily capacity exceeding 15,000 cubic meters. Moreover, the company started to carry out 11 sanitation projects in the Asir region, including pipelines and networks exceeding 357 kilometers in length. The company will also implement a treatment plant with a total design capacity of 9,300 cubic meters per day in Al Qahma Center and Al Haridah Center, as well as lift stations with a total design capacity of over 106,000 cubic meters on a daily basis. NWC recently announced the implementation of 23 water and environmental projects in Madinah.
Yahoo
07-07-2025
- Business
- Yahoo
Q1 Earnings Highlights: ABM (NYSE:ABM) Vs The Rest Of The Industrial & Environmental Services Stocks
Let's dig into the relative performance of ABM (NYSE:ABM) and its peers as we unravel the now-completed Q1 industrial & environmental services earnings season. Growing regulatory pressure on environmental compliance and increasing corporate ESG commitments should buoy the sector for years to come. On the other hand, environmental regulations continue to evolve, and this may require costly upgrades, volatility in commodity waste and recycling markets, and labor shortages in industrial services. As for digitization, a theme that is impacting nearly every industry, the increasing use of data, analytics, and automation will give rise to improved efficiency of operations. Conversely, though, the benefits of digitization also come with challenges of integrating new technologies into legacy systems. The 8 industrial & environmental services stocks we track reported a strong Q1. As a group, revenues beat analysts' consensus estimates by 2.9% while next quarter's revenue guidance was 1.2% above. Thankfully, share prices of the companies have been resilient as they are up 8.7% on average since the latest earnings results. With roots dating back to 1909 as a window washing company, ABM Industries (NYSE:ABM) provides integrated facility management, infrastructure, and mobility solutions across various sectors including commercial, manufacturing, education, and aviation. ABM reported revenues of $2.11 billion, up 4.6% year on year. This print exceeded analysts' expectations by 2.1%. Overall, it was a satisfactory quarter for the company with a solid beat of analysts' organic revenue estimates but a slight miss of analysts' full-year EPS guidance estimates. 'ABM's second quarter performance was highlighted by a return to organic revenue growth in our Business & Industry ('B&I') segment, driven by improving conditions in our prime commercial office markets,' said Scott Salmirs, President & Chief Executive Officer. Unsurprisingly, the stock is down 6.4% since reporting and currently trades at $47.93. Is now the time to buy ABM? Access our full analysis of the earnings results here, it's free. With roots dating back to 1869 and a focus on creating cleaner industrial operations, CECO Environmental (NASDAQ:CECO) provides technology and expertise that helps industrial companies reduce emissions, treat water, and improve energy efficiency across various sectors. CECO Environmental reported revenues of $176.7 million, up 39.9% year on year, outperforming analysts' expectations by 17%. The business had a stunning quarter with an impressive beat of analysts' EPS estimates and full-year revenue guidance beating analysts' expectations. CECO Environmental achieved the biggest analyst estimates beat and fastest revenue growth among its peers. The market seems happy with the results as the stock is up 51.3% since reporting. It currently trades at $29.05. Is now the time to buy CECO Environmental? Access our full analysis of the earnings results here, it's free. Operating a network of more than 350 facilities with 3,300 delivery routes serving customers weekly, Vestis (NYSE:VSTS) provides uniform rentals, workplace supplies, and facility services to over 300,000 business locations across the United States and Canada. Vestis reported revenues of $665.2 million, down 5.7% year on year, falling short of analysts' expectations by 4%. It was a softer quarter as it posted a significant miss of analysts' EPS estimates. Vestis delivered the weakest performance against analyst estimates in the group. As expected, the stock is down 29.4% since the results and currently trades at $6.15. Read our full analysis of Vestis's results here. With a fleet of trucks making weekly deliveries to over 300,000 customer locations, UniFirst (NYSE:UNF) provides, rents, cleans, and maintains workplace uniforms and protective clothing for businesses across various industries. UniFirst reported revenues of $610.8 million, up 1.2% year on year. This print lagged analysts' expectations by 0.6%. Aside from that, it was a satisfactory quarter as it also logged a solid beat of analysts' EPS estimates. The stock is down 8% since reporting and currently trades at $175.01. Read our full, actionable report on UniFirst here, it's free. With a century-long history dating back to 1920 and processing over 15 billion pieces of mail annually, Pitney Bowes (NYSE:PBI) provides shipping, mailing technology, logistics, and financial services to businesses of all sizes. Pitney Bowes reported revenues of $493.4 million, down 40.6% year on year. This number missed analysts' expectations by 0.9%. Zooming out, it was a satisfactory quarter as it also produced an impressive beat of analysts' EPS estimates. Pitney Bowes had the slowest revenue growth and weakest full-year guidance update among its peers. The stock is up 28.2% since reporting and currently trades at $11.48. Read our full, actionable report on Pitney Bowes here, it's free. Thanks to the Fed's rate hikes in 2022 and 2023, inflation has been on a steady path downward, easing back toward that 2% sweet spot. Fortunately (miraculously to some), all this tightening didn't send the economy tumbling into a recession, so here we are, cautiously celebrating a soft landing. The cherry on top? Recent rate cuts (half a point in September 2024, a quarter in November) have propped up markets, especially after Trump's November win lit a fire under major indices and sent them to all-time highs. However, there's still plenty to ponder — tariffs, corporate tax cuts, and what 2025 might hold for the economy. Want to invest in winners with rock-solid fundamentals? Check out our Top 6 Stocks and add them to your watchlist. These companies are poised for growth regardless of the political or macroeconomic climate. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-07-2025
- Business
- Yahoo
PyroGenesis Signs $600,000 Contract Targeting Plastic Waste Management Problem in Europe
Expands relationship with one of the world's largest integrated environmental services companies. MONTREAL, July 02, 2025 (GLOBE NEWSWIRE) -- PyroGenesis Inc. ('PyroGenesis') ( (TSX: PYR) (OTCQX: PYRGF) (FRA: 8PY1), a high-tech company that designs, develops, manufactures and commercializes advanced all-electric plasma processes and sustainable solutions to support heavy industry in their energy transition, emission reduction, commodity security, and waste remediation efforts, announces that it has signed a contract for €379,000 (approximately CA$600,000) with one of the world's largest integrated environmental services companies, expanding PyroGenesis' relationship with this client to include developing a solution for the plastic waste problem in Europe. The client, whose name is being withheld for competitive and confidentiality reasons, operates more than 100 waste treatment sites and facilities across Europe. Plastic waste is a major issue across Europe, from both a waste and financial penalty perspective. In 2022, in Europe, over 32 million tonnes of plastic waste was generated, with only 27% being recycled. i Eight European member states landfill more than 50% of their plastics waste. ii As a result, the European Union has imposed significant financial penalties on plastic waste. On January 1, 2021, a levy on non-recycled plastic packaging waste was introduced, where each member state pays €800 for each tonne (€0.80 per kilogram) of non-recycled waste. iii To pay for this levy, individual member states have imposed various measures, including taxes on the manufacturing, importing, and purchase of non-reusable plastic packaging products as high as €0.45 per kilogram (in Italy and Spain). iv On top of these penalties, additional taxes are imposed in some member states on both the incineration and landfilling of waste, of up to €40 per tonne. v Today's announced project is for the engineering and testing of an advanced waste management solution targeting both non-recyclable plastics and other forms of hazardous liquid waste. Using PyroGenesis' high-temperature plasma gasification technology as the platform, the goal is to create an environmentally sustainable waste disposal process with low greenhouse gas 1: Non-recyclable plastic waste in a landfill. 'With these financial penalties in mind, European companies are seeking to reduce their plastic waste,' noted P. Peter Pascali, President and CEO of PyroGenesis. 'With today's announcement, PyroGenesis hopes to develop a plasma-based technology solution toward this major challenge facing the European continent. This is the third project we have announced with this client in recent months, and this multi-project relationship, crossing two continents, underscores the growing appeal our solutions have with large, diversified companies that have a wide variety of technical challenges requiring unique solutions.' The first project announced on January 27, 2025 was for the design and delivery of components related to 'flaring' that provide for the safe and environmentally friendly incineration of emissions that occur during renewable natural gas production. The second project, announced February 18, 2025, is for the engineering, design, fabrication, and delivery of condensate pots that will be strategically placed within a biogas production infrastructure to collect and separate water from the 2: A proprietary PyroGenesis plasma torch, similar to the type that will be used to test solutions for effectively managing plastic waste. 'Today's announcement is also an important next step for the company in its waste remediation business line. For two decades we have provided environmentally friendly waste destruction systems, effectively targeting several different waste challenges such as hazardous end-of-life refrigerants, chemical warfare agents, and shipboard waste on aircraft carriers. In more recent years, we have been targeting the problem of landfills: in 2021, we acquired AirScience Technologies and launched Pyro Green-Gas to provide various technologies used during the conversion of renewable natural gas from landfill-based methane; in 2023, we developed a plasma torch to help destroy Perfluoroalkyl and Polyfluoroalkyl Substances or PFAS, known as forever chemicals due to a strong molecular bond that resists degradation and have been connected to worldwide health issues; and now with the project announced today, we've begun the process to face down perhaps the largest landfill issue: managing plastic waste.' Continued Mr. Pascali, 'landfills in their current form are unsustainable in the long-term, but a zero-waste agenda is simply not viable either. While a circular economy is the desired goal for plastics, the reality is that not all plastics are recyclable, and only a portion of recyclable plastics ever get recycled. This presents a major problem as landfilled plastics can have a variety of negative impacts, from leaching of underlying petroleum products to the health risks associated with microplastics and other potentially harmful compounds such as BPAs (bisphenol A) that can enter the ecosystem from landfills. With the growing demand for plastic products, technological intervention is required to help reduce the impact plastics are having on landfills. As is often said, the future of waste management is waste elimination. PyroGenesis hopes to eventually contribute to a solution that helps shift the plastic waste approach from incineration and landfilling to safe destruction and remediation that bypasses landfills entirely.' PyroGenesis' involvement in waste destruction is part of its three-tiered solution ecosystem that aligns with economic drivers that are key to global heavy industry. Plasma torches for use in waste destruction applications are part of PyroGenesis' Waste Remediation tier, encompassing the safe destruction of hazardous materials, and the recovery and valorization of underlying substances such as chemicals and minerals. The other tiers are Energy Transition and Emission Reduction, and Commodity Security and Optimization. About PyroGenesis Inc. PyroGenesis Inc., a high-tech company, is a proud leader in the design, development, manufacture and commercialization of advanced plasma processes and sustainable solutions which reduce greenhouse gases (GHG) and are economically attractive alternatives to conventional 'dirty' processes. PyroGenesis has created proprietary, patented and advanced plasma technologies that are being vetted and adopted by multiple multibillion dollar industry leaders in four massive markets: iron ore pelletization, aluminum, waste management, and additive manufacturing. With a team of experienced engineers, scientists and technicians working out of its Montreal office, and its 3,800 m2 and 2,940 m2 manufacturing facilities, PyroGenesis maintains its competitive advantage by remaining at the forefront of technology development and commercialization. The operations are ISO 9001:2015 and AS9100D certified, having been ISO certified since 1997. PyroGenesis' shares are publicly traded on the TSX in Canada (TSX: PYR), the OTCQX in the US (OTCQX: PYRGF), and the Frankfurt Stock Exchange in Germany (FRA: 8PY1). Cautionary and Forward-Looking Statements This press release contains 'forward-looking information' and 'forward-looking statements' (collectively, 'forward-looking statements') within the meaning of applicable securities laws. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward-looking terminology such as 'plans', 'targets', 'expects' or 'does not expect', 'is expected', 'an opportunity exists', 'is positioned', 'estimates', 'intends', 'assumes', 'anticipates' or 'does not anticipate' or 'believes', or variations of such words and phrases or state that certain actions, events or results 'may', 'could', 'would', 'might', 'will' or 'will be taken', 'occur' or 'be achieved'. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements. Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management's current beliefs, expectations, estimates and projections regarding future events and operating performance. Forward-looking statements are necessarily based on a number of opinions, assumptions and estimates that, while considered reasonable by PyroGenesis as of the date of this release, are subject to inherent uncertainties, risks and changes in circumstances that may differ materially from those contemplated by the forward-looking statements. Important factors that could cause actual results to differ, possibly materially, from those indicated by the forward-looking statements include, but are not limited to, the risk factors identified under 'Risk Factors' in PyroGenesis' latest annual information form, and in other periodic filings that it has made and may make in the future with the securities commissions or similar regulatory authorities, all of which are available under PyroGenesis' profile on SEDAR+ at These factors are not intended to represent a complete list of the factors that could affect PyroGenesis. However, such risk factors should be considered carefully. There can be no assurance that such estimates and assumptions will prove to be correct. You should not place undue reliance on forward-looking statements, which speak only as of the date of this release. PyroGenesis undertakes no obligation to publicly update or revise any forward-looking statement, except as required by applicable securities laws. Neither the Toronto Stock Exchange, its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) nor the OTCQX Best Market accepts responsibility for the adequacy or accuracy of this press release. For further information please contact:Rodayna Kafal, Vice President, IR/Comms. and Strategic BDE-mail: ir@ i ii iii iv v Photos accompanying this announcement are available athttps:// in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Arab News
01-07-2025
- Business
- Arab News
Veolia scales up hazardous waste management in global GreenUp push
COURRIERES: As hazardous waste becomes an emerging bottleneck in global industry, environmental services giant Veolia is taking center stage with a bold new road map. At its 'Deep Dive Waste to Value' conference held in Courrieres, northern France, the company unveiled a sweeping strategy to expand hazardous waste treatment capacity by 50 percent by 2030 — a key pillar of its broader GreenUp plan to accelerate sustainable infrastructure worldwide. The event marked a strategic repositioning, beyond the scope of a corporate update. In an age of tightening regulations, industrial transformation and health concerns tied to chemical pollutants, hazardous waste is no longer a passive liability — it is a value stream to be captured, a risk to be neutralized and a global challenge requiring scalable, science-backed solutions. Veolia executives from across Europe, North America, the Middle East and the Australia–New Zealand region convened at the event, offering insights into how the company is reshaping its global hazardous waste portfolio to meet mounting environmental and regulatory demands. From PFAS destruction technologies to global acquisitions, Veolia's leadership outlined how the company plans to lead the next chapter in environmental security — focusing on innovation, infrastructure investment and tailored regional solutions aligned with industry needs. From buckets of paint to PFAS: the scope of hazardous waste Hazardous waste comes in various forms — from industrial effluents to household products like leftover paint, expired garden chemicals or solvents. The path to circularity starts not just with large-scale technology, but also with individual action. Next time you have a bucket of unused paint or expired garden products, think again before dumping it into nature — a reminder that sustainable change hinges on both systemic infrastructure and everyday choices. At scale, Veolia aims to increase its hazardous waste treatment capacity by 530,000 tonnes, eliminate over 9 million tonnes of pollutants annually and increase revenues from this segment by 50 percent by 2030. According to CEO Estelle Brachlianoff: 'Hazardous waste treatment is becoming a strategic bottleneck for several industries. It is also an essential topic for human health and environmental security.' Macro and micro-scale strategy Hazardous waste is a global issue requiring both top-down and bottom-up engagement. 'We need international cooperation,' Brachlianoff said, 'but also change at the household level. Sustainable impact requires both.' She identified three defining industry drivers: Pollutant removal for health, strategic industrial restructuring and supply chain resilience. 'Waste is not waste anymore — it's an untapped resource,' she added. Veolia now treats more than 8.7 million tonnes of hazardous waste each year and reported €4.3 billion ($5 billion) in 2024 revenue from its hazardous waste segment. Its portfolio includes advanced capabilities such as strategic metal separation, battery recycling, and thermal treatment across a proprietary lab and incineration network. Courrieres: Where the science happens The Courrieres hazardous waste facility, one of Veolia's flagship sites, processes about 140,000 tonnes of waste per year. Every load undergoes 10–20 tests, then sorting by waste family, followed by incineration or chemical treatment — a full cycle that can take as little as 10 to 45 minutes. Due to the complexity and infrastructure requirements, treatment investments are closely tied to local waste volumes. When volumes are insufficient, waste may be transported to facilities elsewhere in Europe or beyond. The PFAS challenge: Veolia's new Drop Technology One of the most significant challenges Veolia aims to tackle is PFAS — the persistent, health-risk chemicals often used in industrial and household applications. These 'forever chemicals' resist breakdown due to their strong carbon-fluorine bonds and are increasingly under regulatory scrutiny. In a major announcement, Veolia introduced Drop, its newly patented PFAS destruction technology, developed in-house and now being deployed across its 20 hazardous waste incineration lines in Europe. Unlike traditional incineration, Drop uses a catalyst-assisted thermal process at more than 900 degrees Celsius, which not only enables destruction and removal efficiency of up to 99.9999 percent for both polymeric and non-polymeric PFAS, but also reduces corrosion and fouling in incineration systems — increasing long-term reliability. 'This is a disruptive innovation capable of eliminating targeted PFAS while preserving industrial infrastructure,' said Catherine Ricou, CEO of Veolia Hazardous Waste Europe. 'We're proud to set a European benchmark in PFAS treatment.' Global markets and local solutions Executives across regions presented how Veolia's strategy is adapted to local contexts: In Europe, Ricou highlighted four strategic pillars: Network strength, asset diversity, a granular customer base and innovation. With 20 operational sites handling waste from sectors like pharmaceuticals and households, the company is targeting 10 percent compound annual growth rate in hazardous waste EBITDA. In North America, Bob Cappadona, president and CEO of Veolia Environmental Solutions and Services, highlighted recent acquisitions in Massachusetts and California, and the commissioning of one of the continent's largest PFAS treatment facilities in Delaware. From the Middle East, Helder Daravano, Veolia general manager of MAGMA, said the region is growing 'twice as fast as Europe' despite being one-quarter its size. New facilities in Saudi Arabia (Tahweel) and the UAE (MAGMA) are positioning Veolia as a full-service player in the region. In Australia and New Zealand, Matt Ead, Veolia's national remediation services manager, detailed a shift from landfilling to pretreatment, supported by M&A activity and market-specific strategies. Scaling through GreenUp: investments and M&A To meet rising demand, Veolia's GreenUp program outlines both organic and acquisitive growth: Five new treatment facilities are under development across the US, Europe, Middle East and Asia. An additional 285,000 tonnes of capacity will be added by 2027, with a total of 430,000 tonnes by 2030. $354 million in acquisitions across the US, Brazil, and Japan will contribute 100,000 tonnes of capacity. Emmanuelle Menning, deputy CEO finance and purchasing, described the approach as a formula balancing growth, performance and capital allocation, adding that hazardous waste — particularly high-temperature incineration — remains one of Veolia's most profitable segments. Environmental security and strategic autonomy 'At Veolia, we are architects of environmental security. Our objective is to protect strategic autonomy,' said Brachlianoff, highlighting the company's commitment to global agreements like the Basel Convention, ensuring waste does not get exported to less-regulated regions. At Courrieres, which operates at 94–96 percent capacity, Veolia plans to reconfigure its boilers by 2028 to make the plant energy autonomous. The site today handles 80 percent domestic (Northern France) and 20 percent international waste, including from Italy. Waste is no longer waste The overarching takeaway: Hazardous waste is no longer just an environmental liability — it is a strategic resource, a public health priority and a business imperative. As Veolia aligns innovation with policy, technology and investment, it is helping set the global standard for the future of sustainable waste management.
Yahoo
25-06-2025
- Business
- Yahoo
GFL Environmental Inc. Sets Date for Q2 2025 Earnings Release
VAUGHAN, ON, June 25, 2025 /CNW/ - GFL Environmental Inc. (NYSE: GFL) (TSX: GFL) ("GFL" or the "Company") today announced that it will release its 2025 second quarter financial results after the market closes on Wednesday July 30, 2025 and will host an investor conference call related to this release on Thursday July 31, 2025 at 8:30 am Eastern Time. A live audio webcast of the conference call can be accessed by logging onto the Company's Investors page at or by clicking here or listeners may access the call toll-free by dialing 1-833-950-0062 in Canada or 1-833-470-1428 in the United States (access code: 117324) approximately 15 minutes prior to the scheduled start time. The Company encourages participants who will be dialing in to pre-register for the conference call using the following link: Callers who pre-register will be given a conference access code and PIN to gain immediate access to the call and bypass the live operator on the day of the call. About GFL GFL, headquartered in Vaughan, Ontario, is the fourth largest diversified environmental services company in North America, providing a comprehensive line of solid waste management services through its platform of facilities throughout Canada and in 18 U.S. states. Across its organization, GFL has a workforce of more than 15,000 employees. For more information: Patrick Dovigi +1 905-326-0101 pdovigi@ View original content to download multimedia: SOURCE GFL Environmental Inc. View original content to download multimedia:
