GreenWEEE completes third waste recycling plant for electrical and electronic equipment in Romania

Alina Oprea
GreenWEEE, a company active in the waste electrical and electronic equipment (DEEE) recycling market in Romania, has completed the third recycling plant for these types of waste. The investment amounted to RON 75 million (€15 million). In the new factory on the Frasinu industrial platform in Buzău, refrigerators, and other household and industrial waste are recycled.

The new investment, made in the Frasinu industrial platform in Buzău, also includes the expansion of the production and logistics area by 35,000 sqm, as well as the setting up of a parking lot equipped with charging stations for electric vehicles and one for trucks.

A modern office space has also been developed.

The company also has factories in Buzau, since 2009, and in Câmpia Turzii since 2017, and now it is increasing its capacity by 40%. More precisely, with the start of the new processing lines, the total recycling capacity of GreenWEEE reaches 140,000 tons per year.

GreenWEEE can recycle 1 million refrigerators per year, achieving over 98% material recovery, later reintegrated into the economy as secondary raw materials.

The new investment also includes the expansion of the production and logistics area by 35,000 sqm, as well as the construction of a parking lot equipped with charging stations for electric vehicles and one for trucks. A modern office space has also been developed, which operates efficiently and sustainably thanks to an advanced air conditioning, heating, and air filtration system.

"In a global context where more than 50 million tons of electronic waste are produced annually, it is obvious that we need a solution to address this complex problem. Our investment is not only a financial commitment but constitutes a fundamental element of GreenGroup's strategy to promote the circular economy at the European level. Considering the often dangerous nature of this waste, we have allocated significant resources both for the implementation of advanced technologies and for ensuring the traceability of the process and the recovery of materials, facilitating their reintroduction into the economic circuit", said Marius Costache, CEO of GreenWEEE.

The investment project is part of GreenGroup's development strategy, aligned with Abris' vision, which aims to expand and strengthen its position as a leader in the circular economy in Central Europe. Abris Capital Partners is the leading private equity investor specializing in ESG transformation in Central Europe and aims to develop local portfolio companies into regional champions.

GreenWEEE collects and recycles all types of electrical or battery-powered waste. The waste comes from the local market, from economic operators authorized to take over the responsibility of the producer, retailers of electronics and household appliances, sanitation companies, and collectors, as well as through contracts with large producers.

GreenWEEE treats and recycles waste electrical and electronic equipment, batteries, and components from the automotive industry. The company operates in three factories, in Buzău and Campia Turzii, with a total treatment capacity of 140,000 tons/year, more than 350 employees, and a total investment of €40 million.

Since 2016, the majority shareholding has been held by Abris Capital Partners, a leading independent private equity fund specializing in ESG transformation, focusing on mid-market opportunities in Central European countries.

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Green Forum  |  23 April, 2024 at 11:00 AM