In the first half of 2023 (H1), Geminor handled a total of 1,097,152 tonnes of waste for recycling and recovery in Europe. This is the largest volume that the group has ever reported for a six-month period. Compared to 2022, where the total volume ended at 870,773 tonnes in H1, the increase is a significant 26 percent.
“We entered 2023 with a certain tension linked to the development of the European economy and the waste market in particular. Therefore, it is inspiring to see that we are achieving strong growth in the handling of various waste fractions in the market”, says CEO in Geminor, Kjetil Vikingstad.
The majority of tonnage still consists of RDF and SRF for energy recovery, followed by waste wood for material recycling.
"The reason for the growth is mainly that we are taking new market share in a period of somewhat reduced access to waste. At the same time, there has been a high demand for waste for energy recovery throughout 2023, which our departments in Italy and Poland have helped to solve. In the first half of 2023, we have to a greater extent than before seen the importance of having a regional presence in Europe to secure volumes and deliveries," says Kjetil Vikingstad.
Strong growth in the UK and Poland
The UK market is showing the largest growth in tonnes so far in 2023. Geminor UK increased the total volume by as much as 63 percent in H1, to just over 380,000 tonnes.
“The UK has become our biggest market, surpassing Norway for the first time. The most recent figures show that our UK office has passed 100,000 tonnes in the month of July, which no office has ever managed in one single month”, says Kjetil Vikingstad.
The department in Italy also continues to grow, increasing its tonnage by 110 percent to nearly 179,000 tonnes. Geminor Poland is also doing well and has more than tripled its handling of waste fractions compared to 2022. At the same time, all the Nordic countries and Germany are experiencing a moderate decline in waste volumes handled by Geminor.
In terms of import tonnage, Sweden is still the largest market for Geminor, followed by Denmark and Germany.
Norway no longer the largest market
“Overall, we are delighted with 2023 so far. We would never have managed this tonnage without a significant effort from our growing organization and our many partners”, concludes the CEO at Geminor, Kjetil Vikingstad.
