Circular economy in our strategy

Our strategy

As for Circular Economy, the Group aims to build new waste treatment plants to maintain leadership in the sector and to bridge the national infrastructure gap.

The Group also confirms its commitment to reducing waste by investing in the integrated water cycle and recovering renewable heat and industrial waste heat to power district heating.

>7Mton

Total waste treated
@2035

4.0€B

CAPEX from waste treatment
@2035

>2Mton

Material recovery
@2035

~75%

Waste sorting index
@2035

~60%

Renewable heat
@2035

Note
(1) Equivalent electric energy (electric and thermal energy with conversion factor) from Waste-to-Energy plants

Areas of investment

Consolidating our leadership in the waste treatment business

Over 70 waste treatment plants – 62% of which already in operation and 15% under construction – will enable the Group to treat over 7 million tons of urban and industrial waste.

Total waste treated¹

Mton

4.0€B

CAPEX treatement²
2024-35

~0.7€B

EBITDA treatement²
@2035

Notes
(1) Includes the entire treatment capacity in use
(2) Refers to BU Waste, except for the waste collection cluster

Strengthening our role in the energy recovery business

Energy recovery makes it possible to enhance the non-recoverable fraction of waste: by 2035, the Group commits to treating about 4 million tons of waste through Waste-to-Energy plants, avoiding landfill disposal and producing 2.7 TWh of electricity and 2.2 TWh of heat.

Electricity and heat sold by WtE

TWh_e - TWh_t

1,8€B

CAPEX energy recovery
2024-35

>0.5€B

EBITDA energy recovery
@2035

Recovering material and closing the waste cycle

The Group promotes circular solutions, creating new products from scraps. The goal is to close the waste cycle for over 1 million tons over the total 2 million suitable for material recovery by 2035, producing new products to be placed on the market.

Waste for material recovery

Mton

1.3€B

CAPEX material recovery
2024-35

>0,1€B

EBITDA material recovery
@2035

Capturing new opportunities in the heat recovery business

The development of district heating remains a key lever for the decarbonization of urban areas. By 2035, the Group’s ambition is to deliver about 4 TWh of heat, 60% of which renewable heat and industrial waste heat.