Summing up 2023, Norway-headed resource management and trading company Geminor AS has disclosed that the company handled 2.4 million tonnes of waste in Europe last year, a 31 percent increase from a turbulent 2022.
In 2023, Geminor handled 2,403,820 tonnes of waste fractions in Europe for material recycling and energy recovery.
This sets a new group tonnage record and marks a single-year growth of 31 percent, surpassing the 2022 total of 1,815,281 tonnes.
In 2023, we fortified our presence and organizational structure across multiple European markets, with a stronger focus on recycling plastics and managing hazardous waste. As we move into 2024, we aim to build upon this progress, commented Kjetil Vikingstad, CEO of Geminor as the Group passes the 2 million tonnes per annum milestone.
Residual waste fuels for energy recovery such as refuse-derived fuel (RDF) and solid recovered fuel (SRF) account for approximately 74 percent in 2023 and continue to be the largest share of the handled tonnage in the group.
This constitutes a growth of over 650,000 tonnes from 2022.
Growing markets
While some markets in the Nordics showed a slight decrease in volumes last year, Geminor is witnessing substantial growth in three EU waste markets.
Italy and Poland more than doubled their tonnage compared to 2022, while the UK increased the residual waste handling by 48 percent in 2023.
The growth we are experiencing has far exceeded our expectations, reaching an impressive 2.4 million tonnes well ahead of schedule. This has been possible due to our expansion in different waste markets across Europe and a solid team effort by our many industry experts, ended Kjetil Vikingstad.
